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The problem is clear, the reason is clear, the solution is clear. But the paid of the solution is immense.
Many Western countries run their economy like Greece and Ireland. The spand more than they earn and borrow to meet to the gap. This worked fine 30 years ago. Today the production power houses are in the 3rd World.
China, India and others are growing economies on exporting goods to the West.
You either spend what you earn or you tax to meet the gap. Borrowing more and more won't be an option for ever. And who are we borrowing from?
Chinese, Arabs ????
Wars in countries that really don't matter. It's nice to be a World Policeman, but only if you can afford it. Look at who produces the arms to fight those wars. The arms race bankrupted the Soviet Union, the World Policeman race will do the same if our leaders are not careful.
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