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<p>[QUOTE=&quot;Hawkwing74, post: 1206420, member: 30896&quot;]Such a complex issue is surely not a simple either/or proposition. It&#039;s obvious US culture is to borrow too much money. You can see this at the personal level all the way to the Federal level. No doubt corrupt bankers and politicians exacerbate the problem severely. But people also want their entitlements and massive military and don&#039;t want to pay for them. The demographics of Social Security and Medicare are obviously going to cause failure if we don&#039;t change. We shouldn&#039;t be in 3 useless wars if we want a balanced budget, as well.&nbsp; </p><p><br /></p><p>You seem to be playing the classic leftist canard that &quot;it&#039;s all the evil rich&quot; fault. Even if you are right, the politicians are generally synonymous with the corporate/bank elites and I really don&#039;t see how it makes it better. But the &quot;evil rich&quot; don&#039;t force Americans to live well above their means at a personal level. I am with medoraman on this. Also, looking at history, debt defaults can have very bad effects in society. (see Weimar Germany) There is no get out of jail free card. We should close tax loopholes and severely cut spending.[/QUOTE]</p><p><br /></p>

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