Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (40336)	9/24/2008 12:57:41 PM
From: carranza2	Respond to of 220296

Elmat, I have contended repeatedly that the US is headed for a fiscal crisis even if the shlock and awe plan proposed by Paulson and Bernanke does not pass. If it passes [it will in some form or other], the fiscal crisis simply gets put front and center. At least I hope so. The real crisis is a more silent one but no less deadly. It deals with the utter inability of the GOP to rein in government spending. What a disgusting mess of governance we have gotten out of it - I'm saying this as a card-carrying Republican! As the shlock and awe spectacle is displayed, in the background lurks a 1/2 trillion budget deficit which is also being considered. I am actually heartened by this favor Paulson and Bernanke are doing us as I think that it will have the effect of concentrating JoeSixPack's attention on the huge debt load the US carries and will carry if unfunded liabilities such as Medicare and others are allowed to fester. Perhaps, just maybe, the plan proposed by Paulson and Bernanke will have the beneficial effect of having us all pay attention to the debt problem, which would be enormous even if shlock and awe were not on the table.