It's time to harp on the US deficit again!
Time to harp on the deficit again. 43% of every dollar spent by our federal govt is being borrowed. The government's expenses are only 57% covered by revenue (from taxes, mostly). This is wildly unsustainable, and in a strong economy it is beyond reckless--it's criminal. In my opinion, it can only lead to the destruction of our currency, our economy, and our very country, which means of course that you and I may lose all our assets and possibly our lives. The only way to avoid this is to do what no politician is willing to even talk about: Dramatically raise taxes and dramatically cut spending. Doing that might cause a deep recession and greatly increase poverty, but it would save the country. The irony is that NOT doing it will also cause a deep recession and increase poverty, but it will further bring about the end of the US. When you've borrowed all that you can, then you are out of options. You are bankrupt; the game is over. We are close to that point. No one can kno