Deep thinking and market watch are complete strangers to each other and the truth.
Darrell Delamaide a professional fear monger is whipping up the hysteria so he can report on it after it happens
Wow. I’ve read some stupid opinion pieces in my time but this has to be a contender for the stupidest. Maybe it should be framed alongside the notorious picture of Neville Chamberlain.
“The only nightmare is unemployment continuing near 10%.”
I started my Federal Tax Return. The process and the results certainly qualify as a nightmare.
“Yet, if you look out the window, you don’t see any red ink or mountains of debt.”
I like that analogy.
We are like pasengers on a plane. The fed is the flight crew, the congress the ground crew (the enablers).
We are in the rear, looking out the window at the scenery, the mountains, the lakes, etc.
We have no idea how much fuel is on board. We have no idea that it is about to be exhausted and that very soon the engines will flame out....
But don’t worry. The crew will take care of it.
UNFLIPPINGBELIEVEABLE! Just reading the first three paragraphs gave me a severe migraine and temporarily (I hope) lowered my IQ by several points. Exposure to this level of stupidity should be avoided at all cost.
go to http://www.usdebtclock.org/. The the total unfunded mandate for Social Security, Medicare and the Prescription Drug Plan is over $112 trillion. Is that a high enough mountain for you?