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Bill explains it better than I can. At current spending rates, there will be no U.S. Economy by 2027. That's not Bill Whittle's opinion: that's the opinion of the non-partisan Congressional Budget Office, using the Obama Administration's own numbers, and Treasury Secretary Timothy Geithner doesn't even bother to deny it.
No politician is going to volunteer to be the one to refuse voting for extensions of benefits for reasons of far off debt collapse. If they did it would be tantamount to political suicide. It's going to take an unprecedented society-wide shift in opinions on entitlements.
How do we as a nation of old and young, rich and poor, left and right work together and come up with a solution to turn this train around? Even if you don't like it at least Paul Ryan has a plan.
I know that jobs has been the big topic of discussion this election year but I am surprised that we have not heard more on the budget with the growing financial crisis in Europe.