I have a Poem for you.... There once was a president from nantucket Who spent money while liberals said fuck it He said with a grin while he tossed health care in If my presidency is a disgrace you can suck it Unfortunately the new york times will not publish my poem.
I think we can make our GDP "go farther" by continuing to improve our balance of trade, ie. the export initiative. Sure, every trading nation wants to do that, but we have well protected supply chains absolutely everywhere. Spending, particularly on wars, if the ROI on them is negative, could be cut, yes. And taxes, well, no one likes them but there is definitely room for them to rise with history as our guide, but only to pay our way through our transition to the emerging new economy. Entitlements... that money is spent. I'd prefer it to be spent here, but if not, and as long as GDP and exports are growiing, we're gonna be ok--it's that old Yankee ingenuity, read productivity, again! Finally, the boomers will die, ya know. ; )
Apart from moving paper around what the hell is the U.S. going to export in massive quantities? There is no such thing as U.S. export..... besides Goldman sacs.... CDO's CDS, and derivatives..... You and me stand on totally different sides my friend...... Time will tell who is right.
Lol, what? We're a huge exporter, have been for a long time. http://www.tradingeconomics.com/Economics/Exports.aspx?Symbol=USD