As usual 'The Economist' hides what is inconvenient. Having unpayable liabilities is only one side of the saga which is guaranteed to bankrupt USA. The other half is crony capitalism which puts interests of wall street banksters (many of them OWNERS of Federal Reserve) above the national economy. The shameful money printing supports both Wall Street and Entitlements. Hence it is the only course of action that is guaranteed to take place.
and where is that elephant in the room nobody...espesically conservatives talk about.. the Defence expenditure, multi trillion dollar expenditures figthing unwinnable wars in every part of the globe...
when it comes to deficit reductions, it is always medicare, prescription drugs, teacher salaries, firefighter pay etc who are the villians.. right?
These endless wars and non stop printing of $$$$ bills is recipie for complete disaster..
4 comments:
As usual 'The Economist' hides what is inconvenient. Having unpayable liabilities is only one side of the saga which is guaranteed to bankrupt USA. The other half is crony capitalism which puts interests of wall street banksters (many of them OWNERS of Federal Reserve) above the national economy. The shameful money printing supports both Wall Street and Entitlements. Hence it is the only course of action that is guaranteed to take place.
OT:
Rediff news for morons
Infosys need raises population supply concerns
http://www.rediff.com/business/slide-show/slide-show-1-tech-infy-may-have-to-hire-a-million/20110307.htm
Indian middle class eats Vadilal Bonanza Ice Cream with 12.9 % hike and 25 % inflation
http://www.rediff.com/business/slide-show/slide-show-1-bonanza-for-the-salaried-12-point-9-pc-hike-seen/20110308.htm
and where is that elephant in the room nobody...espesically conservatives talk about..
the Defence expenditure, multi trillion dollar expenditures figthing unwinnable wars in every part of the globe...
when it comes to deficit reductions, it is always medicare, prescription drugs, teacher salaries, firefighter pay etc who are the villians.. right?
These endless wars and non stop printing of $$$$ bills is recipie for complete disaster..
USA has descended into a welfare/warfare/fascist state, where everything now happens for :
1. Banks
2. Vote Banks
3. Military Industrial Complex
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