The Great Depression on the other hand was about a large deflation.

And anyone calling for hyperinflation ought to put his money where his mouth is or keep quiet. Folk Austrians have been screaming about hyperinflation for about 3 years now. Its time to put up or shutup.

YES !!! – they are correctly pointing out that there is a MASSIVE BUDGET PROBLEM !!!

BUT – this is all to get some digs in at Obama so they can get back in the White House!!

As for “saving Medicare” – I haven’t seen anything that I can be happy about. The report is about the equivalent as the Democrats pointing out something like the rise AIDS in the 1980’s and blaming it on Reagan and projecting that everyone would be dead by 2010! It is always good to sound the alarm if you can blame your enemy and take no responsibility.

Remember Bill Clinton’s budget spent 18.2% of GDP!

I have read Vox Day’s “THE RETURN OF THE GREAT DEPRESSION”. HAVE YOU?

My wife and I have prepared.

If the politicians do not take drastic, remedial actions, I fear the worst. My grandparents, as I understand the history, had to hide their gold Francs from FDR’s confiscation of them. For more perspectives, find and speak with any Germans who survived their hyper-inflation years.

I hope for the Best…but often, wishes do not come true. Good Luck.

“Republicans want to spend $40 trillion over ten years. That averages a staggering $4 trillion per year. As recently as 2000, federal spending was only about $1.8 trillion.

“They also want to increase the federal debt from $15.0 trillion to $23.1 trillion. I hope our children and grandchildren enjoy paying interest on that extra $8.1 trillion.

“People should not judge the quality of this Republican plan by the standard President Obama has set. Everyone knows Obama is a big spender. Democrats rarely campaign on cutting government. What this budget shows is, Republicans are hypocrites. They have no intention of cutting the federal government down to size. In 2021, Paul Ryan still wants the feds to be spending 19.9% of GDP. That’s a higher percentage than during Democrat Bill Clinton’s second term. In 1997, federal spending was 19.5% of GDP, and it dropped to 18.2% by 2000. Paul Ryan is worse than Bill Clinton.

“Another unfortunate but predictable thing about Paul Ryan’s budget is that it continues to mollycoddle the Pentagon. Paul Ryan is the Military-Industrial Complex’s best friend. He apparently can’t find one penny to cut from Obama’s bloated levels of military spending. Only a big-government Republican could come up with language like ‘reinvesting $100 billion in higher military priorities.’

“It’s interesting that when the Republicans controlled both houses of Congress and the White House from 2001-2006, they did nothing to shrink government, or even slow down government growth. On the contrary, back then, Paul Ryan was busy voting for expensive foreign wars, No Child Left Behind, and the huge 2003 Medicare expansion. More recently he’s voted for the TARP bailouts and even ethanol subsidies.

“We Libertarians propose eliminating federal functions that are not authorized in the Constitution. Furthermore, Libertarians propose ending foreign wars and foreign troop deployments, allowing huge cuts in military spending. Libertarians would cut the federal government down to less than 10% of GDP, and we’d keep cutting once we got there.”

I’m sure I’ll find more BS but I have to get back to “work” (sucking off the taxpayers!).

[You don’t think that they did, at least, describe the debt and its consequences well, as I said in my post, something they have not done before? Perhaps I am grateful for too little.]

If you really believe in smaller Government , please join me in calling & articulating this to all politicos & gov. employees at all levels from local to the Federales

Those are the ones who are in a position to affect this situation !