You're not meant to avoid the fiscal cliff. The fiscal cliff is meant to occur when the Boomers have left the stage. It's only meant for the Boomers to avoid it.
My entire life people screamed about leaving debt to their grandchildren. Then they voted for policies that prioritized the elderly. Largely because elderly retired people are much more likely to be politically involved than any other age cohort. But unfortunately you're the grandchildren that the debt was left to.
What we have here is a toxic dynamic of both political parties, unable and unwilling to address the core issues: entitlements.
The GOP passes tax cuts and defers the spending cuts, while the Dems pass big spending bills and defer the tax hikes.
The reality is that the government will always spend more than it has, so the best medicine will be some kind of mechanism to cap that spending, which indirectly also caps the size and intrusiveness of the government as well.
Roughly speaking, I have written that spending should be allocated as follows and capped at 20 percent:
Very excited about this! I will seriously consider participating in the essay contest this time.
Nice!
You're not meant to avoid the fiscal cliff. The fiscal cliff is meant to occur when the Boomers have left the stage. It's only meant for the Boomers to avoid it.
Look as someone who will be alive on the other side of that cliff I very much want to avoid it!
My entire life people screamed about leaving debt to their grandchildren. Then they voted for policies that prioritized the elderly. Largely because elderly retired people are much more likely to be politically involved than any other age cohort. But unfortunately you're the grandchildren that the debt was left to.
Good luck. I don't think avoiding it is possible.
What we have here is a toxic dynamic of both political parties, unable and unwilling to address the core issues: entitlements.
The GOP passes tax cuts and defers the spending cuts, while the Dems pass big spending bills and defer the tax hikes.
The reality is that the government will always spend more than it has, so the best medicine will be some kind of mechanism to cap that spending, which indirectly also caps the size and intrusiveness of the government as well.
Roughly speaking, I have written that spending should be allocated as follows and capped at 20 percent:
2% defence
5% education
2% R&D
8% Healthcare
3% Other
I finished mine.
https://substack.com/@scriptor/note/p-193523869?r=2ivicc
Do we forward you the grand prize now /s?
I will accept payment in either olive oil or gold.
😂 valid
Normies: That'll never happen!
Me: https://www.youtube.com/watch?v=vAUOPHqx5Gs
I hope to see many new contributors. :)
I have given up on the deficit so I pray to the singularity to increase GDP, and soon.
tbh any solution requires either severe austerity - doubtful we can get that before it is too late - or some phase shift in productivity growth.