Tuesday, January 18, 2011

Snapshot of the Middle-Class « The Burning Platform

“eliminating Free Shit and forcing personal responsibility” isn’t going to happen with the current vote buying and vote selling US Congress.

We’re coming to the end of a 70 year business cycle fueled by deficit spending. There was no need to end up where we have, but competition from the public sector has crowded out private investment. The latest bubble to surface is the public pension bubble, which may be the last straw in addition to a host of other demographically driven cost factors, namely SS and Medicare, both of which will begin running deficits in the near future.

Our government is the biggest free loader, and it’s going to be tough to wean them off the public tit, but DC would become nothing more than a tiny piece of dirt if all fifty states seceded. However, we can start by getting rid of the Federal Reserve.

The next six months are going to be interesting as the debt ceiling bumps up against the need to bail out states that will run out of money before the end of the year, with only more of the same to look forward to.

Thanks for the insight LLPOH. God makes a way where there is no way, and I don’t see much hope in this world, either.

Snapshot of the Middle-Class « The Burning Platform

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