Re: Obama XXII: Occupy the White House
In other words, we're basically screwed. It's just a question of how fast we get flushed down the toilet.
The problem with both sides is neither is willing to do enough to bring things completely into balance. The left is fully willing to jack up the tax rates, but they don't want to do anything to seriously reform entitlement spending (and medicare is going to be a huge drag on the budget if healthcare spending isn't pulled back). The right is completely unwilling to raise revenue, and they believe every dollar of defense spending serves some vital national security interest.Raising revenue to compensate for spending is balancing a checkbook.
In other words, we're basically screwed. It's just a question of how fast we get flushed down the toilet.