The only economic solution to our debt problem is economic growth. Period. Obama has instituted so many regulation that are crushing economic growth that we will never be able to get out of this mess if nothing changes.
It is only going to get worse. The obama indirect tax plan seems to be to push the costs of socialist government on to businesses. They will then have to raise their prices, cut employees, etc.
That will devastate the economy and spending power of consumers. The dims will try to claim they didn’t raise taxes on the “middle class”. It’s a truly viscous cycle we are entering.
The left is all aglow with the Krugman piece last week stating that “the deficit problem is over” because it will “come down naturally over the next few years as a percent of GDP.” So i asked one of the, on Twitter what the implied GDP growth rate was in those projections. The CBO is assuming AVERAGE growth of 4.7 percent from 2014 - 2020. Absolute joke growth rates. We haven’t seen a period like that in ages.