So just how much is $100 Million dollars in the overall scheme of things

Here's an explanation anyone can understand.

http://www.wimp.com/budgetcuts

Very interesting.

I really thought it would be a bigger piece of the pie.

http://www.usdebtclock.org/

This is the stuff to the right of the blue line.

Oh my goodness, that's scary.

Are you not entertained!?

So seriously how do we fix it?

I don't want some political tirades from the right or the left. I mean really what options do we have and how do we do it?

nocones wrote: So seriously how do we fix it? I don't want some political tirades from the right or the left. I mean really what options do we have and how do we do it?

Cut more. Much, much more.

Neither of us will see it in our lifetimes.

nocones wrote: So seriously how do we fix it? I don't want some political tirades from the right or the left. I mean really what options do we have and how do we do it?

I don't think it is fixable short of a bankruptcy.

nocones wrote: So seriously how do we fix it? I don't want some political tirades from the right or the left. I mean really what options do we have and how do we do it?

Less spending. More tax revenue.

It cannot be fixed as long as we keep our current monetary system. The important thing to understand is that under our current system money is debt and to keep the system going the amount of money (debt) needs to exponentially increase. I am convinced at least some of our elected representatives understand this but do not have the guts to try and tackle the problem - it is too easy to just keep trying to prop up an unsustainable system than it is to try to change it. The system will eventually fail - there is no way it can't and the longer it goes the worse the failure is going to be.

The only solution that makes sense to me is that we need to somehow transition to a non-debt backed currency and be able to control the quantity of the money.

Sadly, the most likely solution is depression, hyperinflation, and a dramatic devaluing of the dollar. Then the 5 trillion owed to the Chinese will be micenuts.

that's depressing

Salanis wrote:

nocones wrote: So seriously how do we fix it? I don't want some political tirades from the right or the left. I mean really what options do we have and how do we do it?

Less spending. More tax revenue.

those are the two choices.. I don't either by themselves are viable..

Streetwiseguy wrote: Sadly, the most likely solution is depression, hyperinflation, and a dramatic devaluing of the dollar. Then the 5 trillion owed to the Chinese will be micenuts.

sorry those are symptoms of a disease.. not the disease..

Try your fear mongering elsewhere.

just like with your home budget, the two choices are spend less and/or make more money...

Now.. I do believe we have to carry a good bit of debt to allow the company to work, cash flow wise. blah blah blah.. you don't want to listen to me because you already think the gold standard will save us... blah blah blah.. Tell me a country that has the gold standard now that is successful? Not in the past.. Now. (an industrialized 1st world nation? maybe....)