Quote:
Originally Posted by raymr
Maybe its all the news coming together at once. Record high spending, slumping productivity, bad government. This could become a self-fulfilling prophecy: Erase stock market gains, further erode taxable income, US goes into budget crisis. If there was ever a coordinated plan to wreck the US financially, now would be the time to pull it off.
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We dont' need a co-ordinated plan, we have the Tea Party and those morons will accomlish it for us. The OP is right. THere is nothign really new here, it's just a more public broadcast of what has long been known. The US has long been in trouble and the Washington cloowns are not intelligent enough to get us out of it. Coupled withe the reality of the global contraction, (not recession, nor depression - contraction) people reach a psychological tipping point and freak out.
- Peter.
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2021 Chevrolet Spark
Formerly...
2000 GMC Sonoma
1981 240D 4spd stick. 347000 miles. Deceased Feb 14 2021
2002 Kia Rio. Worst crap on four wheels
1981 240D 4spd stick. 389000 miles.
1984 123 200
1979 116 280S
1972 Cadillac Sedan DeVille
1971 108 280S