With no solution yet on the horizon to deal with our current budget crises I understand it will be hard to give a accurate projection at this time. However, how confident are you that our leaders will find a lasting solution to our debt?
I feel very strongly that regardless of what the house comes up with that it will only be a temporary solution to a very long term problem. I feel that our government will make an attempt to pass cuts/taxes that will make it appear that they are serious about correcting our budget but in reality it will only be an attempt to appease the voters with no real substance.
The primary reason I am against tax increases is because I have no faith that anything will be corrected and we will only end up taxing people more and that we will ultimately achieve little. I am however for fixing loopholes.
My belief is that we will see one or two things happening. We will make cuts that take affect 5-10 years down the road to make the numbers look good but in that 5-10 years when the public voice has diminished spending will have increased above current levels and we will once again see ourselves in this situation and with even more debt added. The second is we will be given inflated numbers that will look much better then what we will actually have. Meaning we will hear something like 4T will be saved over 10 years but in reality we may see 1.2T in actual money saved.
I fully believe that in 15 years we will be no better off financially as a country then we are right now. We need to change how Washington works if we are serious about saving this country. Until then we will see half hearted attempts with little result which will continue to drag this country down into oblivion.