Three Government Reports Point To Fiscal Doomsday

When our leaders have no awareness of the disastrous consequences of their actions, they can claim ignorance and take no action.

Or when our leaders have no hard evidence as to what might happen in the future, they can at least claim uncertainty.

But when they have full knowledge of an impending disaster … they have proof of its inevitability in ANY scenario … and they so declare in their official reports … but STILL don’t lift a finger to change course … then they have only one remaining claim:

And, unfortunately, that’s precisely the situation we’re in today: Three recently released government reports now point to fiscal doomsday for America; and one of the reports, issued by the Congressional Budget Office (CBO), says so explicitly:

I can’t give you an honest answer because I have not had time to read the reports. I suspect, however, that even if the reports are negative, they are not nearly as dark as Mr. Doom and Gloom has presented them.

Is what he reported untrue? Do you discredit his source - the CBO or their anaysis. Do you think he reported on the CBO report accurately?

I really want to know what you know about this and if you are just talking knee jerk from what you have seen out of this author in the past, that is okay, too. I am wondering what “the rest of the story” could be if there is one.

Is what he reported untrue? Do you discredit his source - the CBO or their anaysis. Do you think he reported on the CBO report accurately? I really want to know what you know about this and if you are just talking knee jerk from what you have seen out of this author in the past, that is okay, too. I am wondering what “the rest of the story” could be if there is one.

I haven't read the underlying reports, but the organizations that produced them (i.e., the CBO) are supposed to be non-partisan and objective, and that is mostly the impression that I have had in the past after reading other CBO reports. Martin Weiss is an excellent salesman and over the years he has sensationalized certain aspects of finance, investing, and the economy in order to sell himself and subscriptions to financial newsletters and other financial products. I certainly wouldn't call him a liar or dishonest; rather he is all doom and gloom and puts a negative spin on even the most beneign statistics and events to support his dire predictions of imminent collapse of some aspect of the economy. He has been doing this since at least the late 1980's and the general theme of his opinions are as consistent and predictable as the phases of the moon.

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