what Europe is doing to themselves...
and we are not..., yet.
OR
find out it gets even more painful when you put it off.
What one needs to understand is that while some of U.S. are paying The Piper
most are not.
But, they, and U.S., will..., very, very soon.
When Lyndon Johnson decided he COULD have both Guns AND Butter...
but not raise the taxes necessary to pay for all that...
Could have the Great Society AND fight and win the war in Vietnam.
he triggered, no pun intended, massive inflation.
When W Bush decided that he could radically cut taxes...
borrow the money from the Gulf Oil States to fight the Wars in Iraq & Afghanistan.
and borrow the funds from China & Japan to build all of {Y}our big, new houses...
he triggered massive trade deficits, massive budget deficits AND massive unemployment.
As Karl Malden oft asked U.S. about our lost American Express Traveler Checks:
"What are you going to DO...???
What ARE you going to do...???"
For U.S...., right now..., nothing.
But, as the other TV pitch man pointed out to U.S...:
"It's gonna cost ya..."
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What fiscal austerity looks like
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Why U.S. debt matters to you
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