Virgil
02-23-2009, 11:17 AM
This has some charts that show very clearly something big has to change. Government spending cannot continue like this. It just cannot, no matter how hard we try.
http://www.marketoracle.co.uk/Article8988.html
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The Perfect Storm: Financial Crisis of Epic Proportions
Diamond Rated - Best Financial Markets Analysis Article THE BURNING PLATFORM - "The US government is on a “burning platform” of unsustainable policies and practices with fiscal deficits, chronic healthcare underfunding, immigration and overseas military commitments threatening a crisis if action is not taken soon." David M. Walker
David Walker served as Comptroller General of the United States from 1998 through 2008. He is now the CEO of the Peter G. Peterson Foundation and leader of the Fiscal Wake Up Tour. He has been a lone voice in the wilderness for the last decade regarding our looming fiscal disaster.
s head of the General Accounting Office he would go before Congress and explain that the country need to change course before we flounder in a Perfect Storm of debt. They listened to him respectfully and proceeded to add $5 trillion to the National Debt in the next eight years. The borrowing binge is now entering a hyper-speed phase. President Obama has been only concerned with speed rather than long term corrective actions.
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http://www.marketoracle.co.uk/Article8988.html
===================================
The Perfect Storm: Financial Crisis of Epic Proportions
Diamond Rated - Best Financial Markets Analysis Article THE BURNING PLATFORM - "The US government is on a “burning platform” of unsustainable policies and practices with fiscal deficits, chronic healthcare underfunding, immigration and overseas military commitments threatening a crisis if action is not taken soon." David M. Walker
David Walker served as Comptroller General of the United States from 1998 through 2008. He is now the CEO of the Peter G. Peterson Foundation and leader of the Fiscal Wake Up Tour. He has been a lone voice in the wilderness for the last decade regarding our looming fiscal disaster.
s head of the General Accounting Office he would go before Congress and explain that the country need to change course before we flounder in a Perfect Storm of debt. They listened to him respectfully and proceeded to add $5 trillion to the National Debt in the next eight years. The borrowing binge is now entering a hyper-speed phase. President Obama has been only concerned with speed rather than long term corrective actions.
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