COLLAPSE IN 2037?

‘The party is over. There is no money.’

ECONOMIC APOCALYPSE
By Monica Crowley

politicalmavens.com
March 22, 2011

The Chairman of the House Budget Committee, Paul Ryan, made a stunning comment this week that got very little attention. He said that the non-partisan number crunchers at the Congressional Budget Office have a computer model that simulates our economy going forward. The model indicates that if we keep spending as we are, without significant cuts and entitlement reform, our economy will crash in 2037. Ryan went on the say that the CBO computer model cannot conceive of any way in which the economy continues after such a collapse.

Consider this the warning of the coming economic apocalypse.

The year 2037 may appear, at first blush, to be far off. In reality, it’s right around the corner. If our leaders don’t lead, we will be screwed, both individually and as a nation. Say goodbye to superpower status. Say hello to China as your lord and master. Say goodbye to prosperity and wealth and hello to relative poverty and misery. Say goodbye to individual freedom and hello to working forever for the collective.

There is only one way to avert this disaster: real cuts, not cosmetic ones as seen in these ridiculous Continuing Resolutions, and true entitlement reform of Medicare, Medicaid, and Social Security. It also requires the full repeal of the latest and potentially biggest entitlement, ObamaCare. No more giveaways. No more “free lunches.” No more big government-union sweetheart deals.

The party is over. There is no money.

It’s deep cuts and reform now or face the long, dark slide toward 2037. If and when that day comes, it will make the Armageddon of the movies look like a day at the beach.