Saturday, December 25, 2010

10 REASONS TO WORRY « The Burning Platform

Wow, this is what it must have felt like on Christmas in the trenches during WWI, without the cold, rats and foot rot, depending on your situation.

Not all state and local governments are broke. But enough are that something will have to be done. If contracts can be broken, where does it end?

In the meantime, it's a good time to attend to the basics, food, water, shelter, personal safety, and finances.

If the social contract breaks down, what replaces it? The feds are going to have their hands full maintaining global interests, unless it sees domestic forces as a greater threat.

What is the big reset going to look like, if indeed it even happens. We were done when Congress figured out they can borrow money and use it to buy votes. Since the end of WWII, deficit spending has increased at an accelerating pace.

My step father in law looked me straight in the eye, and said he "paid in to social security" and that's why he's entitled to draw benefits, even though SS benefits should have been means tested long ago. But no one is interested in saving money at the federal level. When inflation out paces his monthly check, it will be too late to do the right thing.

10 REASONS TO WORRY « The Burning Platform

No comments:

Post a Comment