In response to:

More Pain, Less Gain

coveyrise Wrote: Nov 20, 2012 8:30 AM
We either have to Produce More of what we USE or cut Entitlements by the same amount of our Trade Deficit or we will go Bankrupt. The only way we can sustain current spending levels is to grow the GDP by an equal proportion of what we remove from the economy to fund Government Spending. This will in effect reduce Government Spending to it's traditional level of 18% from 24% currently. Otherwise there just isn't enough in the kitty to pay all the bills. It's a little like trying to make a 10 cup pot of coffee using the same amount of grounds that you used to use for an 8 cup pot. The dilution just ruins the pot for everyone.
Michael3116 Wrote: Nov 20, 2012 10:16 AM
Not going to happen as the desired state is massive tax burdens and mass unemployment so there can be a people's revolution when the starving masses rise up...only in the US there aren't any starving masses because the government has fed the poor only solution is the bankrupt the government which the left is doing quite handily while pushing the middle class into the poor house as well.

President Obama and the Democrats have made a cottage industry of peddling "tax hikes for the rich" as the way out of the fiscal crisis precipitated by ObamaCare and other profligate spending.  

But with reports and polling showing that upper income spending has fallen since the beginning of September, the country may have a chance to see that "tax hikes for the rich" are not as costless as the administration and Democrats want Americans to believe.

The "rich" are pulling back in anticipation of tax increases coming down the pike in 2013.  As a result, it looks like they...