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To: Kirk © who wrote (40504)	11/15/2012 9:37:14 PM
From: GROUND ZERO™	Respond to of 219500

You said all right there in your first sentence... it's a ponzi scheme... GZ

To: Kirk © who wrote (40504)	11/15/2012 11:18:17 PM
From: Hawkmoon	Respond to of 219500

Yep.. They can tax all they want, but if gov't penalizes economic activity, revenues will fall.. And even if spending caps are put in place, it won't matter if revenue drops, debt will increase... The answer to this "fiscal cliff" is a hard one to swallow.. but it's plainly obvious.. We have to live within our means. We cannot make $100K per year, have over $100K in credit card debt, and use a different credit card to pay the interest on that debt.. We either need a better job (more economic productivity) while holding a cap on our debt and spending, or we need to go bankrupt and free ourselves of it.. That's why I think Iceland did the right thing. And we certainly need to totally revamp and overhaul the manner in which gov't provides needed services so that every $$$ is properly spent and not used as un-necessary overhead.. Hawk