From the same post as below (see #9); It just looks better shown separately as a chart:
Sure, a growing economy will help. But it will not solve. Neither will "just taxing the rich" – you REALLY think that you can raise taxes on "just the rich" to the tune of $900 Billion? Ain’t happenin…
This is simply the result of two things: demographics and "promised benefits" (the latter often under the rubric of "mandatory spending"). As I keep saying, over and over, it is mandatory ONLY because politicians have created law that has made it so. My question is – if this spending was created by law, why can it not be curbed by yet another law?
Simple – politicians wish to get elected – again. Instead of doing the hard work for which we elected them, they punt. Kick the can down the road. Procrastinate. Pander. Wimp out.
Retire before the bomb goes off – making it someone else’s problem instead of doing the hard work NOW.
Politicians promised other people yet Other Peoples’ money.
Margaret was right – we’re almost there. With the magnitude of the debt and the Obama deficits, there’s not even going to be enough to do what the Constitution mandates….
