Name:   MAJ USA RET - Subject:   Pay me now - or pay me later (Fram) Date:   2/18/2011 8:24:27 AM

I'd say let us not nickel and dime this.  Let us not negotiate - compromise - comfort the lobbyists – grandfather the favored… or otherwise in engage in quid pro quo.  We should take the spear now, because our generation is guilty of mismanagement and self-indulgence (in practice or by vote).

Immediately cut ALL spending back to 2008 levels.

Wham!  The screaming will be deafening.  Old people, poor people, veterans, government unions, the arts, teachers – they will all claim disenfranchisement. There WILL BE DEMONSTRATIONS… and probably RIOTING in the blue states and California.  Everyone, save the wealthy, will be wounded.

Wounded equally… but not dead.

If we DO NOT drastically cut spending, the spear will come anyway. Our children and grandchildren will then take that spear… because our generation was guilty of mismanagement and self-indulgence in practice or by vote by inaction… but, mostly because our generation was guilty of cowardice in the face of adversity.  

Wham!  The screaming will be deafening.  Everyone will be disenfranchised. There WILL BE DEMONSTRATIONS… and probably RIOTING (a la Greece, Ireland, Wisconsin, and other riots not yet accomplished).  Everyone, save the fabulously and internationally wealthy, will be ruined.

Egregiously wounded equally… and some financially… DEAD.

Our economy will be devastated.  Our bond ratings will plummet.  There will be no “EU” to pump us up. 

And the greatest nation and economy on earth… will be China.

As the old Fram oil filter commercial said, with a smirk, “Pay me now… or pay me later.”