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$1.76 Trillion over 10 years? How? This year alone it was estimated at$805 Billion. That will turn out to be too low. It will be $1 Trillion next year. We take in $2.3 Trillion in tax revenue. Health care will consume almost half that within 2 years. If you look at the last few NFP numbers people being removed from the labor force every month. This makes the unemployed number look better. It also is saying less people working = less people paying in. That means the $2.3 Trillion in revenue will start to decline while everything else is rising. Taxes are going to rise or benefits are going to decline. In Europe they choose the latter and call it austerity. That has the same effect on the economy as raising taxes. It's a catch 22. Either way the rising costs caused by government spending to mask the state of the real economy kills you.

The only way to fix this right now is to cut the federal budget in half and get the government out of the way of business, all business, allow free markets to work, price discovery (cost of goods and services) is a function of the markets, not government. Sadly, that won't happen because people are to dependent on .gov and bringing real cuts like that won't get politicians elected. It will also mean price deflation in all assets. The boomers won't like that. It is why Bernanke is hell bent on artificially supporting home prices, stock prices, auto prices, everything. Capitalism is a boom bust mechanism. Central banks around the world are desperately trying to stop the deflationary cycle. I don't think they will be able to slowly deflate 30 years of artificial inflation caused by a credit binge.