[FairfieldLife] Is the US Headed for Fiscal Collapse?

2013-04-05 Thread John 
David Stockman thinks so.  But his stance on the management of the economy 
appears too severe and conservative.  There are other ways the economy can bump 
and grind.

http://news.yahoo.com/u-headed-fiscal-collapse-083000608.html

Re: [FairfieldLife] Is the US Headed for Fiscal Collapse?

2013-04-05 Thread Bhairitu 
On 04/05/2013 08:02 AM, John wrote:
 David Stockman thinks so.  But his stance on the management of the economy 
 appears too severe and conservative.  There are other ways the economy can 
 bump and grind.

 http://news.yahoo.com/u-headed-fiscal-collapse-083000608.html

There is something like $254 trillion out there in bad paper.  So there 
is no way to recover from that.  It's the bankster's fault and 
government for not reigning them in.  Just erase the blackboard and 
start over but the rich don't like that idea.  For you and me it won't 
make a hill o' beans difference.