Posted on 07/28/2011 4:11:11 PM PDT by taildragger
Damned rights I said it with a straight face. And pretty soon the public is going to have to face the reality too. We’re broke! Headed for a major depression. The big spending socialists, progressives and RINOS must be stopped before the country goes under!
Wishes are not reality. The Boomers will not have a pleasant end.
The last time we got in trouble like this, the 1930s, the Country elected a socialist, FDR. The Country was saved by FDR having to turn to private industry to build the war materials for WWII. The voters didn't save us. War did.
Why can we expect voters to do a better job this time?
“all Liabilities are in the 211 Trillion Dollar Range.’
And what are the assets range?
If you ask me we reached a generational tipping point about 20 years ago. Older Americans have been financially screwing over younger Americans for decades by receiving far more in social security and medicare benefits than they ever paid into the system, even when adjusting for inflation and a return on investment. There will have to be reductions in benefits for affluent seniors, or this country will go bankrupt and we’ll see serious inflation as the government debases the dollar to tax everyone heavily through inflation. When will Pelosi and Reid start to tell the truth about entitlement spending?...probably never.
“I am not sure we can get out of this.... “
There will be a resolution, though you won’t like it.
See what’s gonna happen here:
http://www.youtube.com/watch?v=TYKAbRK_wKA
Just sayin’....
excellent excerpt. Thank you
But how to handle the people who are used to getting their bread and circuses? There will be war... but there will be war when we default as well.... dang it, there is no way to avoid that.
Nice link. But those folks aren’t chinese, they look Thai :)
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