Parker
2012-01-29 22:53:43
“The only possible option to pay off our national debt is through growth.”
It is impossible to pay off the debt/liabilities through growth. Growth plus tax increases can not pay off the debt for we can not grow fast enough (under ideal conditions) nor tax enough (because by increasing tax rates we stifle growth) to address the debt and unfunded liabilities conundrum that is the oncoming train wreck. That is a Catch 22. The only way out is balanced budgets starting FY 2014 and onwards. I say again, I’m not against moon colonies but seriously, is this the time for DC to invest in moon colonies?
