Originally Posted by Broncojef
At some point you just can't keep paying an escalating pile of benefits to everybody. As our debt soars to unprecedented levels we are in the same shape as Greece with no power to help ourselves let alone others. Greece made bad choices and has hard decisions to make, like giving their country away to Germany and other EU powers to get bailouts. I pray America gets a leader of fiscal responsibility before our currency is total trash. I think we are in deep **** now regardless of who the President is.
Greece's economy is smaller than Maryland's. The U.S. is a 15 trillion dollar economy. Most of the deficit, we owe to ourselves. Once the economy gets going and Americans get back to work, that deficit gets resolved very quickly. Greece doesn't have that option. They can neither produce, nor work their way out of the fix they are in.
The reason our safety net became a problem is because we had politicians who planned this out. This has been the Grover Norquist plan since the 80s: Reduce taxes until the country can no longer fund the programs the Right Wing doesn't like, then claim the programs are a failure and end them. The Right Wing realized they could never go after Medicare and SS head on, so they landed on the creative idea that if they could erode the funding out from under them, the programs would die on their own. If we shifted the tax code back to pre-Reagan, this stuff would clear up pretty quickly.
Much or our problems came from too many tax cuts and too much deregulation. The tax cuts were a direct result of the Right pursuing a mission to starve the government and bring it down, which worked. The deregulation was a direct result of the lobbying of crooks like Phil Gramm, working in the interests of banksters and Wall Street, to free them from the right and proper regulatory functions of government. We can all see where that got us.
You could easily argue that we have legislated our way into this mess. We could turn that around at any time, except that we have an obstructionist Right Wing in Congress still pursuing the agenda of Grover Norquist, rather than their constitutional function of ensuring the general welfare of the American people.