Originally posted by: Jhhnn
So long as Repubs can continue to borrow, there will be no spending cuts. So long as they can sell the public on the idea that we "need" a huge military to defend ourselves against trumped up semi-imaginary enemies, there will be no cuts, except for those at the bottom of the economic foodchain. So long as they can maintain the illusion that trickle down is anything but trickle up, there will be no spending cuts, no tax increases, just more borrowing.
They'll force a fiscal crisis, quite by intention, at which point taxes will go up, radically, even as services are sharply curtailed. Well, unless you're extremely wealthy, in which case you'll own the govt, and all that entails... We're witnessing an attempted financial coup, the most profound transfer of wealth and power into the hands of a very few that has ever been conceptualized. The bankrupting of Argentina, Thailand, Korea, Brazil and several others was just a warmup for the big score- the USA.