RE: If Romney does the right thing, gut(gut) spending except military, he will be vilified and be a one termer
I’ve been thinking about this myself. If you want to do the right thing, you have to cut spending to the level it was pre-financial crisis ( OVER A TRILLION, and we need to do it like, yesterday).
But if someone does it, he has to sacrifice his political career because make no mistake — THERE WILL BE PAIN, LOT’s OF IT.
But if we don’t do it sooner than later, the pain will be irreversible (like Greece).
There are no painless options, and We don’t have much time.
The sooner we face up to reality, the better.
One of those realities is that the collapse is going to happen anyway. Continuing to prop it up is only going to make things worse.
I’m more fatalistic with each passing day. Let’s say Romney wins, and actually intends to attack these problems with a chainsaw. Congress holds the credit card. I’m not convinced that POTUS can have enough impact without their cooperation. I hate this sense of pessimism, but I think we are set for the big fall. Nobody in power wants to deal with reality.
As happened with Reagan?