Decline and fall of the US.

[Rath]

numonex said:

Rath said:

Spagoodle said:

Rath said:

Eventually the US will have to follow the example of Europe I feel.

In what way?

Austerity drive. Cut the fat, ban earmarks and raise taxes.

Billionaire investors will go on capital flights when taxes are increased. More job losses during economic austerity. 

No gain without pain in this case. The USA actually can't afford to continue spending at this rate, some form of austerity and/or tax increase is going to be necessary.

There is no way to cut a defecit without either raising more money or spending less of it.