Go Back   Professional Soldiers ® > At Ease > The Soapbox

Reply
 
Thread Tools Display Modes
Old 10-09-2013, 11:31   #1
Penn
Area Commander
 
Penn's Avatar
 
Join Date: Oct 2007
Posts: 3,467
Federal Budget Simplified

This was recently presented by Professor Keech, I've attached a short bio. He is a former A-4 "Driver", his phrasing, not mine. He stated that we are about to reach an unsustainable position, regardless of what congress does, or does not do.

BIO Everett Keech
http://www.navyleaguephilly.org/BOD/...hies/keech.htm
Attached Files
File Type: pdf Federal Budget-No Easy Choices Remain_Everett Keech.pdf (202.9 KB, 50 views)
Penn is offline   Reply With Quote
Old 10-09-2013, 12:26   #2
ddoering
Quiet Professional
 
Join Date: Dec 2010
Location: Florida
Posts: 1,511
He needs to update it to incorporate Obamacare.
ddoering is offline   Reply With Quote
Old 10-09-2013, 20:04   #3
GratefulCitizen
Area Commander
 
GratefulCitizen's Avatar
 
Join Date: Aug 2007
Location: Page/Lake Powell, Arizona
Posts: 3,411
Congress won't fix it.
The Fed will.

Congress will just make healthcare scarce enough that it consumes huge portions of older Americans' income.
The Fed will print as much money as it takes to drive nominal GDP to their desired level (keeping interest on the debt down and tax revenue up).

This will result in low yields for retirement investments and higher expenses for older Americans.
Most will not retire and/or scale back consumption to survive (while still bearing a hefty tax burden).

Poof.
Problem solved through a stealth default on the debt and entitlements.

All it takes is dumping the problem onto around 60-70 million people who've been working for decades.
Keep working 'til you can't, then receive "end of life" care.

Logan's Run.
__________________
__________________
Waiting for the perfect moment is a fruitless endeavor.
Make a decision, and then make it the right one through your actions.
"Whoever watches the wind will not plant; whoever looks at the clouds will not reap." -Ecclesiastes 11:4 (NIV)
GratefulCitizen is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is Off
HTML code is Off

Forum Jump



All times are GMT -6. The time now is 18:30.



Copyright 2004-2022 by Professional Soldiers ®
Site Designed, Maintained, & Hosted by Hilliker Technologies