So the caucus present on this thread feels there will be a can kicking. How will Boehner and the President kick the can? This could be an intrade thing you know.
The same way they did last time. They'll agree to a one time raising of the debt limit in exchange for some auto cuts down the line.
The chart is based on GDP not dollar numbers. But, it doesn't take into account any government spending (defense, omnibus, etc.) other than entitlements. My purpose in presenting it is to show we are on the fast track to a certain economic crash without entitlement reform.
LOL I stopped reading right there. No one with two brain cells to rub together believes anything he says.
I understand, and appreciate your purpose in posting the chart. I'm also aware of the % of GDP calc. What I'm telling you is that there is no way that historical income tax received number is going to hold up. We'll be at critical mass way before 2045. Probably 10 to 15 years before.
He said he would never have done it in the first place, and he did. Why should I believe he'll do it this time?
Things said in the first term, vs things said in the second are night and day, Tsing, you know that. I think if Obama does not get what he wants, we go off the cliff, he will blame the pubs, and the people will be very angry come 2014. That said, Boehner will fold under that kind of stress. My only question is what gets cut?
It's just a guess, but by 2020, people will be able to see the comet in the sky, during broad daylight. ( If you understand that analogy)