[Skeez]

With the 150 point drop in the market yesterday, many are reminded of this crisis. We cannot forget the biggest bubble of all is about to burst. The US is at serious risk of losing it’s status of the world’s reserve currency.

We need to dramatically cut spending to levels that will cause pain and discomfort to all. We need to start taking some of our lumps now or be bludgeoned to death later.

[businessprofessor]

“The US is at serious risk of losing it’s status of the world’s reserve currency.

We need to dramatically cut spending to levels that will cause pain and discomfort to all. We need to start taking some of our lumps now or be bludgeoned to death later.”

Well spoken. When the world stops accepting dollars, our economy will have a crisis. We are not too big to fail. External forces are plotting now to replace the dollar. We only have limited time to change. I am pessimistic about the political will to change. Democrats have no intentions about reducing government spending except for the military. They want to tax the rich to fund their social spending. Democrats will not admit that entitlement programs are bankrupt. The baby boom generation has paid large amounts of payroll taxes so they will not accept reductions in entitlement benefits. Government employees have influenced legislators to enact elaborate legal protections for their bloated benefits.

[Stentor]

We need to dramatically cut spending to levels that will cause pain and discomfort to all.

The bankers loot the country and we "all" must pay.

[RipSawyer]

The stock market is in limbo, should it go up purely because of the inflation that the government insists isn’t happening or should it go down in response to the actual GREATER DEPRESSION that the government isists isn’t happening?

[RipSawyer]

The stock market is in limbo, should it go up purely because of the inflation that the government insists isn’t happening or should it go down in response to the actual GREATER DEPRESSION that the government insists isn’t happening?

[MsLady]

I'm willing to wait until I'm 65 to collect my SS. They should change that 62 years old to 65 unless you become disabled before then. Maybe even raising it to 66 years old. We have to start NOW. Everyone except the disabled and poor elderly should have to contribute. It's gonna hurt and in some cases hurt like h*ll. It's only going to get worse the longer we put it off. These riots around the world aren't helping either and are going to get worse.

The other thing we could do and I'm sick to death about hearing people saying, it'll take years to do this. SO START NOW.....DRILL BABY DRILL and start building more refiners.