Alright folks its time for me to chime in. It is too late. Problems should have been dealt with years ago but were not. Now we are in a damned if we do - damned if don't situation. Government spending can NOT be cut. It is too much of the economy. If we cut it then the economy will DE-stimulate and go from recession to depression. Simularly taxes can NOT be increased. Our last hope is the rich. Yes the rich. those that have the ability to create wealth and jobs by creating a business that produces inovation and new jobs. If we tax them -then we remove that wealth that they would use to create businesses and jobs. There is much more to this but I don't want to be lengthy. Batten the hatches friends. The rioting you see overseas will break out some day on our shores.. in New York City with levels of civil disobedience we never thought could happen.