@Junkyard_Jim Said
All the gnashing of teeth by those who want to continue government entitlements in status or grow them versus those who want the government (local to federal) to begin to show some fiscal constraint makes for lively debate. However, this will be settled for us by events. We don't have the asset cash, tax base or capital growth to support the level of entitlements existing now and adding to that is just plain nuts realistically and politically (if we intend to keep the US in some semblance of its historical form of government).
I read a very interesting analysis by a Canadian as to what Canada has to do to make it through this economic crisis. Using a study by 2 US economists, he states that the global economy is actually in a fiscal meltdown and that these have occurred in the past and are the longest and hardest from which to recover. We and our politicians have not arrived at that conclusion yet, but I think we will. The entitlement segment can complain and riot all they want, but the economy is not improved and we don't have the money for all this. Its really that simple despite the social activists claiming otherwise. The last few paragraphs of the article are very telling and compelling. https://www.theglobeandmail.com/news/opinions/jeffrey-simpson/recession-recovery-weve-only-just-begun/article2078910/
It's more than just the entitlement spending that has helped America reach a level of unsustainable maintenance.
Although that is certainly part of it, as in the fall of previous great empires, the many factors that have created our debt ridden power that will inevitably disenfrachise the overwhelming majority of us will require a much more drastic set of events than simple continued and futile efforts at reform within our current government.
But instead of spelling it out again, I'll direct the both of you to my thread below for my reasons why and how:
https://www.theforumsite.com/forum/topic/America-s-political-economic-heyday-is-over-/441426