desert CA
Experience: Intermediate
Platform: NT7, various
Broker: various, TDA
Trading: NQ,ES
Posts: 2,124 since Jul 2011
Thanks Given: 2,396
Thanks Received: 1,748
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I would agree. Spending on the wars, out of control spending by Congress to the detriment of the social security and medicare funds. No longer a sense of fiscal priorities. Even taxes maxed as the electorate is willing to endure will never make a significant dent in the debt. The 27 million jobs offshored, and deflated wages for the rest does not help individual savings or tax revenue. And those lost jobs are never coming back. Most state governments are union controlled and overspent on pensions and public salaries and in debt at all levels state and local. If there was some means individuals and corporations could be 'convinced' to offest the debt whether by a dictatorship confiscation, or donations, it still wouldn't cover half of the debt. Maybe the government could find a treasure of oil or gold somewhere like on one of Jupiter's moons or the ocean floor, and claim it, but would they still be trusted to pay off the debt? umm
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