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Todd Johnson
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Invest. Manage risk. Communicate. Educate yourself. Make profits. It's DividendLab. Visit http://dividendlab.com for details. Hello, My name is Todd Johnson. Iā€™m a family man, sports fiend, health nut, technology buff, long-time stock investor, and a very lucky mountain climber, all of which has... More
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  • U.S. Debt Obligations & How Do We Fix? 2 comments
    Mar 17, 2013 2:23 PM

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  • Albert Alfonso
    , contributor
    Comments (2412) | Send Message
     
    This has an easy answer: cut spending and increase taxes. Though doing either may have a negative effect on GDP growth.
    17 Mar 2013, 08:02 PM Reply Like
  • Todd Johnson
    , contributor
    Comments (6954) | Send Message
     
    Author’s reply » Albert, the spending cuts have to target "entitlements" which is where the bulk of the spending is.

     

    I don't know any senior that would accept Medicare, Social Security cuts. We know how everyone reacts to tax hikes.

     

    Your answer is easy/correct - but nobody wants it. TJ
    19 Mar 2013, 07:10 PM Reply Like
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