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To: big-papi who wrote (88473)	3/27/2012 10:03:07 AM
From: Maurice Winn	1 Recommendation Read Replies (1) \| Respond to of 218090

Oh, okay. I meant from a financial physics point of view. You mean in practical political terms for the actual situation in the USA. Yes, you are right. <To reduce national debt there has to be a combination of three things: 1) increase taxes 2) austerity measures 3) inflation > Not all three are required. In fact, the heavy lifting has already been done in that the US$ is way down compared with where it was against NZ$ and many other currencies. That's a huge pay cut. A huge austerity measure. People will not go jaunting around the world from the USA. They will have a holiday on the front lawn, or balcony, rather than at Saint Tropez or London. New cars are so last century. They'll buy a Cyberphone instead. Taxes don't need to increase. The feather-bedded bludging government workers need some financial education about how things are really going to be. Taxes can be cut. Get rid of the absurd idea of a minimum wage too. Making it illegal to work is as dumb as it comes. I used to work as a supervisor at Auckland Sheltered Workshops for the mentally and physically disabled They could not have real jobs, so a semi-charitable business "employed" them to do whatever they individually were capable of doing, which ranged from nothing other than being there as part of the group, up to passably competent for simple manual jobs. Go up the scale a bit further and there are plenty of people who are supposedly "normal" but who can do very little of value. It's better that they do something other than just sit around watching tv and getting fatter and fatter. It's cruel to seduce them into thinking they can live without producing, then pulling the plug on them due to government bankruptcy. They can't understand the monstrous scam and catastrophe that's looming. Greece has an externality to lean on because they are so tiny compared with everything else. That's not the case with the USA which is too big to bail out and carry on spending like a drunken sailor. Mqurice