No Socialism is not better
Will America be able to continue to go trillions and trillions further into debt? No
Will the 125 trillion unfunded liabilities (not including the unfunded liabilities of ObamaCare) be paid for? NO
The only question is: what will be the outcome?
100% agreed!! Socialism is far worst...But something worst than socialism is Reaganisim!
This horrifying debt we are under is not because of socialism or Democrats or even Obama care....is Purely due to Reagan, BushI and Bush2, and Republicans in congress
Under Reagan and Bush: $3.4 Trillion increase in the debt.
Under George W. Bush: $6.1 Trillion.
Total: $9.5 Trillion. (without counting interest)
Total Republican debt from above: $9.5 trillion
Interest on Reagan-Bush debt under Clinton: $2.2 trillion
Interest on $11.7 trillion after G. W. Bush: $0.3 trillion
Grand Total Reagan-Bushes Debt: $12 trillion (as of Sept. 30, 2010).
Tax Cuts Decrease Federal Revenue by $1.7 trillion
Making the 2001, 2002, and 2003 tax cuts permanent would reduce revenues by $1.7 trillion through 2014. If we include the added interest payment to national debt, this figure rises to $2.0 trillion.
Making Tax Cuts Permanent would cost $2.5 trillion from 2005-2014
Making tax cuts permanent would cost $2.5 trillion from 2005-2014 and more than twice that amount from 2015-2024.
So as you say going trillions of dollars into debt which we are surely headed for is bad! Solution... undo the Reagan 3.4 Trillion tax cuts and Bushes 1.3 Trillion and actually next year will have a balance budget and can pay off the debt in short amount of time.
So as you socialism is bad, but it was Reganisim who got into this mess
Diving Mullah