Retire? You can fuggetaboutit if the new Global Debt Time Bomb is detonated by any one of 20 made-in-America trigger mechanisms.
Yes, 20. And yes, any one can destroy your retirement because all 20 are inexorably linked, a house-of-cards, a circular firing squad destined to self-destruct, triggering the third great Wall Street meltdown of the 21st century, igniting the Great Depression II that George W. Bush, Ben Bernanke, Henry Paulson and now President Obama have simply delayed with their endless knee-jerk, debt-laden wars, stimulus bonanzas and bailouts.
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20 economic weapons of mass destruction triggering ticking Global Debt Time Bomb:1. Federal Budget Deficit Bomb
2. U.S. Foreign Trade Bomb
3. Weakening U.S. Dollar as Foreign Reserve Currency Bomb
4. Cheap Money Bomb: Credit Ratings Down, Rates Up
5. Global Real Estate Bomb
Read the article for details on each and the rest of the list.
#34 You remind me of a tribe chief with an ill child. You shot the previous two witch doctors for making things worse. Good.
Now, you have the best surgeon in the world and you’re ready to shoot him too because the child is still sick after one week.
Your grading methodology is flawed.
#34 Labels are often misused in politics and sometimes intentionally so. Some labeling is necessary unless we stick to the “they do bad things” level of expression. We might quibble over which words, but the words are important and so are the ideas that they represent.
Both parties are similar, but by no means identical. The central structural idea of the right is that markets always do the right thing because of the intrinsic morality of people combined with competition. This is simply wrong and is what is being looked at now.
I’ve driven on the Autobahn and loved it. You’re free to do what you want, but in dangerous areas you must slow down or they WILL give you a big ticket. That’s sort of the approach I’d hope regulators are applying.
That NO RULES idea is central GOP economics going back decades. The Democrats did partake of the poisoned food, but you’ve got to look first at who brought it to the party.
Obama is way too careful. A lot of what he should be doing is pretty simple and requires more arm-twisting than analysis.
A public works program similar to the WPA would be a good idea(say half infrastrucure and half alt-energy). Forcing financial institutions to stay out of related businesses which encourage conflicts of interest if joined(Investing, Insurance, Banking). creating national healthcare based on the best bits of the British/Canadian/French/German/Japanese/Taiwanese systems.
Obama is smart, but thus far seems weak in the knees. Congress can’t be finessed, they must be forced. More LBJ toughness would be good.
@Dallas
When Obama decided to add troops to Afghanistan, that was “the end” for me. I wanted change; it didn’t happen.
#37 well, I also would have liked to think it was a matter of telling the troops to pack up and leave. I’m no expert on the situation there but convinced it’s not quite that simple.