Fiscal cliff: enter recession or grow debt ratio?

[WizardfromOz]

[J.K. Gregg]

[Kane]

But it won't be a solution because:

- You'd be destroying the future of several generations of people (As some have already been)
- You'd have growth take a huge hit in the short and medium term (And probably long term)
- Our net debt position would worsen significantly as a result
- We'd be unable to fund even the most trivial of things by issuing debt
- The industries we do protect via government subsidies/regs would fail/falter and lose out to international competitors similarly backed by their native states
- What government services we do cut wouldn't easily be replaced by the private sector as consumers and businesses alike would probably have lost a considerable amount of purchasing power, cash flow, equity, etc

A recession both hurts everybody, doesn't necessarily make anything better and probably creates the expectation that the government do something (especially if we consider the degree to which you'd like to cut it), and has the potential to make our debt situation worse, not better.

Let's also consider the ten year period we've coyly said will represent the transition. What makes you think people will just sit there and take it? Ameriman thinks the urge to conduct an insurrection when necessary is within all Americans, and you're prescription for a recession here and the drastic cuts made thereafter will definitely ensure a landscape that is anything but stable. That'll cost us more confidence even as the state continues down its path to destruction.

Your position doesn't make much sense to me. Make everybody suffer because it's the right thing to do? Destroy our wealth because it's the right thing to do? And then pin the future on the hopes that something after all of this has taken place will return the US to its preeminent state before Marbury v. Madison or Ogden v. Gibbons?

C'mon.

[Kane]

You can do austerity now without making the economy contract. The rigidity of some ideological positions is what's costing us any chance of there being any meaningful reforms. Lowest tax rates in years with tax revenue recovering but still at historically depressed levels and we can't tax those with an outsized portion of the country's wealth?

[spacemonkey]

I have just one question. How long can failure be propped up?

[The Dude]

[John Galt]

[Spider]

Suicide is cheaper than healthcare, as well. To look at the bright side.