"If you add up all the promises that have been made for spending obligations, including defense expenditures and if we subtract all the taxes we expect to collect, the difference is $211 trillion." (National debt) Is America doomed?
We're fine. Don't believe the hype.
I give it a year tops.
Yea me too. I've got people in another poll laughing and ridiculing me, calling me the new Mayan apocalypse theorists because that's what I said. It's ok though because when shit hits the fan, they'll be hit the hardest.
It's really not far fetched at all. People are just burying there heads in the sand because they are terrified.
Yea I told them in a nutshell why and I asked them to take a shot at it and tell me want the other options are....no responses yet.
Figures. Lets just pretend it isn't happening and it will go away! So dumb.
Yep and when I'm making money from this collapse he'll be the one struggling to put food on the table from his family.
Comparing weather and rape in his campaign against Ann Richards, Clayton Williams Jr. said, "If it's inevitable, just relax and enjoy it."
I'll do what I can to reveal layers of the onion, but unfortunately, I feel it inevitable.
Source: Economic professor Laurence J. Kotlikoff who served as a senior economist on President Reagan's Council of Economic Advisers.