Bush sucked Obama is worse, when we WE THE PEOPLE stand up against big gov and bigger banks?
AND we are headed for TRILLION $$ deficits here on out as far as eye can see...and something isnt going to give way?????? WHT the F !!! are we ading more entitlements when we cant pay for what we got?
D
1 comment:
Alot of these entitlements will never be paid. A case in point is state pensions. California for example is 500 billion underfunded in their pension system. Other states are in a similar situation.
Many large corporations as well. That is why there is a big push to end pesion systems in Corprate America.
States have spent and borrowed themselves into oblivion just like the Federal Government.
At this point I do not think even a dollar devaluation will cure this mess.
The amount of debt is unfathomable - I don't see how it can be paid off. The interest along may never be paid off let alone the pricipal.
When this all unwinds it will be a living nightmare.
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