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Who is ready for the pain?
There are countless posts here from people giving their opinions on their countries economy, spending and deficit problems. All offering fixes, which won't work without pain.
Western countries overspent, under taxed and borrowed to fill the gap for decades. So much so a huge part of our economies are now reliant on Government spending. Even memberships to porn sites. Cutting the spending, raising taxes and reducing the borrowing is one long term solution.
Another is. Cutting the spending, raising taxes and investing in future technologies is another long term solution. It will need Government investment. Private will invest in get rich quick schemes to please share holders.
Both solutions will cause less spending power for the populations of those countries.
Who is willing to accept the pain?
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