2013-07-29, 09:24 PM
Satellite Wrote:US is sinking in its debt. I don't know whole lot about how government debt works but I know that no1 would let an invidual to keep on loaning millions on top of their old debt. At some point, US needs to pay back right? Enlighten me economy geniuses.
Cutting down on military spending and *maybe just maybe* taxing the rich a bit more would be a good start to improve the economy.
Taxing the rich, while it seems plausible in theory, is NOT something politicians will do. Power makes people stupid. Sometimes I wish that the meek will truly inherit the earth, because at least they won't crash it into the ground.
Military spending IS quite large, but, IIRC, the US spends almost double that on giving out benefits. There doesn't seem to be a simple way for the US to crawl out of its crippling debt... but there should be ways that the US can prevent making the hole deeper, I'd think.