Nothing Lenin, who was spawned by the devil, has to say matters in the least to me
To think that by making people more dependent on government (which can only provide to the slackers through taking — by force — from the productive members of society) is a path to “sustainability” (among the statists’ favorite words) requires a person to deny both economic reality and the reality of how people act if they are free of tyranny.
Governments are going to quit spending more than they collect in tax/fee revenue by the end of the decade?
I am a big Mauldin fan and subscriber......and I think he nails it here - but you must read this piece carefully and slowly.
“And if the US does not make the difficult choices today, then we will be forced to make disastrous choices not very far down the road. Taxes will be raised and healthcare and other spending cut far more than any of us can imagine. That is the time-honored pattern, and there is no reason to think the US is any different.”
I cannot see any evidence of the political will in Washington,DC to make any difficult choices. I think his suggestion of the House presenting two budgets and holding the debt ceiling until one is passed is genius - brilliant. But I can’t see the backbone that they will do this.
“Then we will be forced to make disastrous choices not very far down the road…….” is, I believe, inevitable……...
I cannot recommend Mauldin’s book, ENDGAME, highly enough.
A must-read for all here who want to really know what is ahead. But you need to put your thinking hat on...it’s pretty solid and a meaty work......not a casual read.....
So should I sell off all my bears now or baptize them?