I don’t have a lot of hope. Like I said, cutting spending and raising taxes is political suicide. Every politician runs on cutting the deficit, and it has only gone up.
We’re going to have to default on our debts and the world is going to have to cut us off, and then and only then are we’re going to do something; and at that point, we’re doubly screwed, because nobody is going to want to hold dollars, and there goes our exports and investments.
I don’t have a lot of hope. Like I said, cutting spending and raising taxes is political suicide. Every politician runs on cutting the deficit, and it has only gone up.
We’re going to have to default on our debts and the world is going to have to cut us off, and then and only then are we’re going to do something; and at that point, we’re doubly screwed, because nobody is going to want to hold dollars, and there goes our exports and investments.