Warning that our nation's fiscal health has deteriorated appreciably since the onset of the financial crisis and the recession, Bernanke called upon lawmakers to confront the long term fiscal challenges sooner rather than later. If lawmakers don't confront them, they'll find themselves confronted *by* them.Read more »
"The Government is lying about the amount of debt. It is engaging in Enron accounting," said Laurence Kotlikoff, an economist at Boston University and co-author of The Coming Generational Storm: What You Need to Know about America's Economic Future.Read more »
The United States as we know it has ended, Alex Jones warns, as the nation has lost credit rating with China, its Dollar reserve status ending as the country-- saddled by debt and unable to fund programs-- prepares to submit to IMF-style austerity measures. Sadly, the U.S. can expect to see itself picked-off by the same predatory lending practices and control measures long imposed on vulnerable 3rd World countries throughout the globe.Read more »
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