Here we are again. The Rs are going to “save” the unconstitutional entitlement state. That is what passes for mainstream conservatism.
The more I see, the more I think we simply need to get on with financial collapse. All the Rs will do is delay it a bit, and then the collapse will be deceitfully hung around the necks of conservatives.
I couldn’t have said it better myself.
What, the Fed can't just make a few electronic balance sheet entries in conjunction with Treasury and solve the > $100 trillion in unfunded SS/medicare/medicaid liabilities? Treasury is pulling in revenues of $2.5 trillion / year (well OK - sure, they need to borrow almost another 50% to keep up with current outlays. But, there's no inflation, so rates will stay negative forever).
This is all perfectly manageable if only we educate the masses and elect a few more smart bureaucrats. And raise taxes on the rich. We'll grow our way out. It'll be fine...
[/sarc, as if it's needed]