U.S. Fiscal Meltdown in Spitting Distance: Laurence Kotlikoff
http://www.bloomberg.com/news/2011-0...kotlikoff.html
Quote:
U.S. Fiscal Meltdown in Spitting Distance: Laurence Kotlikoff
The two parties are having a heated debate over the Republican plan to slice $61 billion off Uncle Sam’s projected $3.6 trillion budget. If the Republicans get their way, the deficit will fall from 9.5 percent of gross domestic product to 9.1 percent. If they don’t, they’ll probably shut the government for a couple of days. Then they’ll compromise on, say, a $40 billion budget cut, having proved they gave it their best shot.
Arguing over lowering our deficit by just 0.4 percent of GDP when we need to run massive surpluses to deal with the baby boomers’ impending retirement is, pick your metaphor -- rearranging the Titanic’s furniture, Nero’s fiddling, Custer’s Last Stand.
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The question is when the obvious will be obvious to the Politicians. Yep, Change you can believe in!
Move along, nothing to see here.
Whats the best color for my next CC holster?
Is a 308 really enough for general big game hunting?
If I get a $300 hundred dollar scope can I still hit a bowling ball off hand at 112 yards with my AR-15 clone?
While the dollar tanks, should I continue to think about the situation or act?