I agree with your comment. The problem is, the real crash (Greece style) is likely still 30 to 50 years out. We'll put bandaids on it and print money while our credit rating continues to plummet for some time to "try and save our country."
Proof of that will be this congressional compromise that is comming and will supposedly stops us from going over the fiscal cliff.
We are going to play another 4 years of defense at least. Then we may get a chance to plug some holes and shore things up in 2016 for a few years. It will only prolong the inevitable unless by some miracle, people on welfare, retirees, etc. stop getting benefits and turn to conservatism/republicans.
Yea. I don't believe in unicorns either.
Ideally you’re right, but I’m not going to bet on it. I think that Medical and pension costs for the baby boomers will kill us in five years.
This fact will be apparent to everyone in less than five years. I mean it’s apparent to us (you and me and many others) now and that consciousness will keep growing.
And that’s when the freakout->crash->more freakouts->further crash cycle starts getting real.
In other words, the anticipation of the crash causes the crash. Why do you think the government is so hepped on lying to us about the current state? And government lying is definitely a bipartisan affair.