At the rate we're going, in 15 years the USA will spend ALL its tax revenues on welfare and debt service. This leaves nothing for basic ("real") government activities. There are not enough tax dollars to fund everything even after you tax the filthy disgusting rich people to death. Mish brings the analysis. With graphs.
Something must be cut. The mainsomethings which must be cut rhyme with bledicaid and bledicare. Or else we default on our debts at some point. There are no other options.
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