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In my opinion some of the primary long term cures for our current economic position is to reduce spending in pretty much every government agency that exists (via budget cuts and or personell cuts) combined with a tax increase...be it via allowing the Bush cuts to expire or otherwise...combined with an absolute pay as you go law in place for any new future programs/spending. If this were to be done it just might prevent total economic collapse...which I think will happen in ten years or so without drastic measures...such as I have outlined above.
Our past history indicates that neither party is willing to do this...and in fact both party's do the opposite...as both increase the size of government and spending...so I predict a very bad end for the country.
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