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Spending is spending. Using numbers adjusted for inflation shows that we were able to "dominate" the world while spending half as much money as we do today. I agree. Not only is it absurd, its outright immoral, unjust, and unethical. However, means testing is politically expedient, there is wide spread public support for it, and both parties see is as the obvious solution to a third rail issue. I could stomach that immorality if it led to the system being dismantled so that no future generations would be forced to participate in the ponzi scheme. No, I have not. Default is not a question of IF but WHEN... That was the point of the 'falling out of a hot air balloon' analogy. Tell me, what exactly is your flashing red warning sign with regard to default? Because whatever it is, you will have already ignored all the other warning signs except that last one, and by then it will be too late.
Spending is spending. Using numbers adjusted for inflation shows that we were able to "dominate" the world while spending half as much money as we do today.
I agree. Not only is it absurd, its outright immoral, unjust, and unethical. However, means testing is politically expedient, there is wide spread public support for it, and both parties see is as the obvious solution to a third rail issue. I could stomach that immorality if it led to the system being dismantled so that no future generations would be forced to participate in the ponzi scheme.
No, I have not. Default is not a question of IF but WHEN... That was the point of the 'falling out of a hot air balloon' analogy. Tell me, what exactly is your flashing red warning sign with regard to default? Because whatever it is, you will have already ignored all the other warning signs except that last one, and by then it will be too late.
