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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: JBTFD who wrote (17462)2/9/2009 7:10:45 AM
From: Real Man  Read Replies (2) | Respond to of 71455
 
Basically, the government is insolvent, more so on medicare
than on SS. The ballpark long term liabilities are 75 Trillion,
so 1 or 2 more Trillion in bailout money does not really make
much of a difference. The government will absolutely have to raise
taxes, cut the benefits, do some major reforms, and inflate
to get out of its insolvency situation. As long as it
cuts taxes, the insolvency situation will get worse, not
better.


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