[Robert Drobot]

We have passed the point of deep do-do.

[Robert Drobot]

There is a solution: It is called the truth. The United States government must irrevocably admit that its wanton, escalating experiment with socialism, which is now veering into something even more sinister, called corporatism, which is another word for fascism, has failed catastrophically, just as it has failed every other time throughout history that it has been attempted. And the people must be told that this nation can return to greatness only if they and their government will re-embrace the virtues that made it great in the first place: honesty, responsibility, restraint, ingenuity, hard work, self-reliance, morality, character, dignity, honor, duty, sacrifice, patriotism and an abiding belief in something greater than ourselves."

[parsifal]

Yes. And it isn’t BO’s fault. Underfunded Medicare and Medicaid exceed underfunded social security by a factor of five.

What I think will happen, is that the debt will be monetized and each of us will start getting a Basic Income Grant from the go’vt. We can work if we want to make more. Frankly, the health care trillon is a drop in the bucket.

parsy, who will become a poet in the new America

[RochesterFan]

Sadly, there is plenty of blame to go around. Both parties have been profligate spenders. The fecal material is starting to hit the fan and it will get much smellier before it gets better. To answer the author’s question, I don’t think there are many, if any, in state and local government who are willing to face the facts and stop the slide to financial oblivion. I think it is time for people to prepare for a bumpy ride.

[Christian4Bush]

bump for later

[Gilbo_3]

ping, great report on the financial state of the union, kinda long though, only cause the author uses the actual numbers with all the zeros...