When You Only Bail Out Wall Street...You Enter An Udder World
As Projected On This Blog Over A Year Ago.....Cities, Counties, And States Would Be Forced To Try To Avoid Their Pension Obligations
At UdderWorld.com we see a headline linking a NY Times article asserting just that....
Then we see Obama replacing Volker with GE's CEO on his economic advisory board...
Our government pension system owes millions of Americans money, it owes Trillions of dollars, and is the driver of a material portion of our GDP. When that goes, radical changes will be forced to be made such as the one articulated in my previous blog outlining over a trillion dollars of savings per year
In addition, additional massive structural savings and efficiencies can be achieved by digital delivery of health care and having parents live with children in their retirement years.
In the end, if we can eliminate taxes, interest, and the need for insurance....we can eliminate the 70-85% of the expenditures for the average American family. At that point, simply by eliminating excess health care and education costs, America can save over $2 Trillion dollars per year and eliminate the need for income and property taxes for 95% of all Americans.