I'll save this one in my collection of Dumbassed Predictions That Never Came True.
These predictions are invariably made by Democrats and other Leftists and terrorist sympathizers.
I fully agree, this one goes in with the ice age tree huggers were predicting back in the 70's.
Crap. Just like all the rest of these nutty predictions we have heard for the past 30 years. Yeah, sell your stocks. I'll be buying when the prices go down.
Stupid.
Not so quick there.
You don't have to be a Wall Street guru to connect the dots.
The U.S. is spending a rapidly increasing percent of its budget on social welfare--now close to an astounding 70% of its total expenses--and its percent spent on national defense is actually less than in 1993.
With foreign military dangers increasing and the percent of total expenses spent on military/defense decreasing, we are in grave danger.
The ever increasing percent of total expenses on social programs has not reached full throttle since the boomers are just now starting to enter retirement.
Add to that the enormous cost of social welfare for 15 million illegal aliens and their soon to be 60 million offspring and financial armageddon will close in fast.
Should Iran or North Korea create an "incident" where a crash program to build a ABM system is initiated may add another trillion dollars to the debt.
Either the social welfare juggernaut has to be reversed or America will collapse from the spending cancer.
Face this fact.........the social welfare juggernaut will NOT be reversed until America collpases and becomes a third world nation under the control of a foreign power.
I get tired of listening to these "Analysts".
Look at Lester Thurow. His BS predictions never even came close to coming true. I think that certain economists and analysts are forever behind the times because they act as if current conditions are a permanent thing.
I think it's a tremendously stupid way to do things but look at stock market analysts pathetic "predictions".
Pathetic.
Arioch7 out!
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