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To: rbg81
Read this, John Mauldin says we probably have three years:

Developed Nations At The Precipice Of Oblivion , As End Of The Debt Supercycle Draws Near

6 posted on 05/08/2012 4:46:06 PM PDT by blam
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To: blam

I think the politics are such that our “leaders” won’t move to fix the problem until there is serious civil unrest. And we aren’t there yet. Because if they did try to do the right thing, the pain would be such that they’d be voted out of office.

People don’t like the deficit, but they like any concrete action to fix it even less. And, yes, that include FReepers too.


9 posted on 05/08/2012 5:17:54 PM PDT by rbg81
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To: blam

I think the politics are such that our “leaders” won’t move to fix the problem until there is serious civil unrest. And we aren’t there yet. Because if they did try to do the right thing, the pain would be such that they’d be voted out of office.

People don’t like the deficit, but they like any concrete action to fix it even less. And, yes, that includes FReepers too.


10 posted on 05/08/2012 5:18:03 PM PDT by rbg81
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