Originally Posted by Direckshun
Those programs you mentioned -- the entitlement programs -- they eat the exact, stable chunk out of our GDP as much as eighty years from now, as projected. As a percentage of our GDP, it doesn't change.
Spending has stabilized. Revenue, as you mention, is the problem, as it petered out hard in 2009 and has been at historical lows the past decade. Part of that has been righted by a fiscal cliff deal. Part of it will be righted by the upcoming budget battle. And part of it will be righted by a collapsing unemployment rate.
All in all, hardly the stuff red alerts are made of...
If revenue is the real problem I'd think you would have voiced your opinion against the fiscal cliff deal where permanent tax cuts were put in place. The ones that raised the most revenue.
That, coupled with exploding entitlement payouts will mean spending will have to be cut. There isn't any other way around it unless you can find a way to bring us back to 50's type growth, which isn't happening.