Thursday, January 10, 2008

Fiscal Tsunami



It's coming baby - like a freight train!

5 comments:

Eric Holcombe said...

Link to Walker's slideshow:

http://www.gao.gov/cghome/d08395cg.pdf

Irdial said...

Now watch Glen Beck, imbecile, make the case for Ron Paul:

http://www.youtube.com/watch?v=I-16u9x3tfE

Astonishing; even with the house on fire, Glen and MSM will not call the fireman; RON PAUL!

Judy Aron said...

Irdial - you're link is the same one that I featured..

Glenn Beck actually had a great interview with Ron Paul

http://yedies.blogspot.com/2007/12/glenn-beck
-interviews-presidential.html

Barbara Frank said...

Twice in the past year, I've seen articles about this problem and Walker's tour, and in both cases the articles were buried way back in the paper, unfortunately.

Add to this the current situation in housing, with people who used their homes as ATMs now finding they owe more on their homes than they're worth, and they've maxed out their credit cards and can no longer keep this service economy going, and you really have to wonder how bad things have to get before we as a nation smell the coffee.

Glad to know I'm not the only one worried about this....

Elisheva Hannah Levin said...

Judy, about two years ago, I read a book about this problem. It was called somethng like The Perfect Storm. Essentially, if we continue to promise these entitlements, our children will essentially be slaves to the elderly--and we still will not be able to pay it all off. I believe they presented a plan that combined radical reduction of all entitlements to anyone retiring after a certain date, means testing for those already retired for all parts of medicare, raising taxes, and telling everyone under a certain age to plan for their own retirements. Instead, what we got was Medicare part D.

I have disliked Bush and the neocons--and in general the Republicans because they have preached that we can have guns, butter, and taxcuts--spending like there is no tomorrow and stimulating the economy now so they can get rich now, on the backs of future generations. I call them the "borrow and spend" Republicans.

I have disliked the Democrats because they seem to think that the federal government is Santa Claus, and that there are a bunch of elves out there somewhere who can magically produce wealth so that we can all have even more entitlements. I call them the "tax, borrow, and spend even more" Democrats.

Oy, the whole thing just makes my head hurt when I think about the upcoming election in which there will probably be no more real choice than we had in 2004. Or 2000. Or....you get the picture.

WHat we need, besides the truth from our government--which we are unlikely to get--is some suggestions from those raising the alarm about what to do personally to try and protect ourselves against what is coming.