Government spending in the US will need to be cut...
SIMPLY BECAUSE THE LOOTED ECONOMY HAS SHRUNK...!
Property taxes will...or soon will...go down because houses are not selling...
Income taxes of the middle class will shrink...as jobs go off shore...and the Depression continues downward pressure on wages...
The FED has printed tons of money ...for Wall Street use ONLY...to get the paper asset bubble "back up" and "create" a wealth effect among the corporations and their looting CEOs... That has work fine...!!
Corporations have NEVER BEEN richer...they are flush with cash...ACTUALLY BLOATED WITH CASH...!
But Ryan and Romney want to cut Corporate and Elites taxes EVEN MORE...
While turning Medicare into a coupon clipping plan for Granny...!!
THERE IS NO CONSUMER DEMAND IN THE US BECAUSE OF THE REAL ESTATE AND JOBS COLLAPSE...
Corporations are spending your "FED Printed" money ...in Asia...building plants and factories...mainly "on spec" that the US economy will "revive"...or that the new middle class in China and India will start consuming at US consumer levels...but that hasn't happen yet...because the whole purpose of going to Asia...was to keep wages down...!
The only thing the FED money printing has done for Main Street is to encourage Wall Street speculation in oil and gold...and betting against the Dollar... So Gas has naturally risen...
Thank God for Greece...they are tiny anD can't print their own money...but they are saving the dollar...by upsetting the Eurozone...
