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To: ajtj99 who wrote (245786)4/27/2010 1:29:36 PM
From: John VosillaRead Replies (1) | Respond to of 306849
 
'The big question today is what alternatives will emerge now that the social safety nets are nearing the end of the line? Since we're broke and the budget is busted, logic suggests fascism and socialism would have a hard time gaining support.'

We are well below the peak in public debt to GDP just after WWII. Of course we can't continue in the current course for many more years but eliminating the stimulus and the Bush tax cuts along with the wars would go a long way to fiscal sanity again as long as we start creating 200K+ jobs a month again..



To: ajtj99 who wrote (245786)4/27/2010 4:59:06 PM
From: RetiredNowRespond to of 306849
 
If you have a sovereign debt default during a GOP presidency starting in 2012, then that President won't win in 2016. But if it defaults in 2017, then I can see a two termer.


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