SI
SI
discoversearch

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 : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: NOW who wrote (111633)5/16/2010 7:18:25 PM
From: mishedlo4 Recommendations  Read Replies (1) | Respond to of 116555
 
You run the numbers
Start with every city in the country that is bankrupt.
Then count how much taxes have gone up, especially property taxes to pay for what has transpired so far. I suggest you go back 20 years for this calculation.

Next add in pension plans that are $3 trillion in the hole.

And hedge funds did exactly what to cost taxpayers money?

Mish