Ron Paul is exactly right. We are going to have to face the reality that we are bankrupt. A lot of people don't understand that term. Bankrupt doesn't mean we don't have money coming in. Nope, we've got a lot of money coming in. It just means we don't have enough money coming in to cover all of our spending and our obligations.
At some point, someone HAS to acknowledge that the only way to fix the problem is to have a DRASTICALLY smaller government. We can always pay the interest on the debt, Social Security, Medicare, and the military. We'll need to make reforms in those to a degree and we'll need to reduce spending in all, but we can do it without too much hardship and with the revenue we have. We just can't have two million other federal government employees overseeing every other aspect of our lives.
A European style cradle to grave welfare state wouldn't be such a bad thing, if government got out of every other aspect of our lives. You want to make sure people are cared for until they die, fine, but you can't do that and have a hundred inspectors at a 100K a year each, whose sole job is to make sure that farmers in South Dakota are not harming the population of the black footed grasshopper or some nonsense like that.
Last edited by Cossatotjoe_redux; 07/28/11.
