Will the government let you know that it is broke? Or will there be a distraction.
In less than 30 days the Sacramento budget has gone from balanced to over $50 million in the hole....again after lots of cutting.
Arizona is contemplating selling its capital building and other structures.
Alabama is contemplating calling in the National Guard....don't they have other jobs too?
The Detroit public schools is on the brink of bankruptcy.
Few municipalities can support expenses and pay debt service any more. The federal government is currently running about $2 Trillion in the red and with declining receipts the outlook is horrible.
There is simply not enough money being generated in the United States of America today to maintain our current standard of living without borrowing ourself into a worthless currency.
We must restructure debt or prepare for a major distraction.....you should have very good visiblility by 9.09 on which way we go.
And Goldman Sachs upgrades its economic growth forecast?