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Three Government Reports Point To Fiscal Doomsday
Money And Markets ^ | 10-5-2009 | Martin D. Weiss

Posted on 10/06/2009 7:55:47 AM PDT by blam

Three Government Reports Point To Fiscal Doomsday

by Martin D. Weiss, Ph.D.
10-05-09

When our leaders have no awareness of the disastrous consequences of their actions, they can claim ignorance and take no action.

Or when our leaders have no hard evidence as to what might happen in the future, they can at least claim uncertainty.

But when they have full knowledge of an impending disaster … they have proof of its inevitability in ANY scenario … and they so declare in their official reports … but STILL don’t lift a finger to change course … then they have only one remaining claim:

INSANITY!

And, unfortunately, that’s precisely the situation we’re in today: Three recently released government reports now point to fiscal doomsday for America; and one of the reports, issued by the Congressional Budget Office (CBO), says so explicitly:

[snip]


TOPICS: News/Current Events
KEYWORDS: bhofascism; dollar; doomsday; economy; fiscal; liberalfascism; lorifodder; preparedness; recession; survival; thecomingdepression
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1 posted on 10/06/2009 7:55:48 AM PDT by blam
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To: blam
Not INSANITY.

CALCULATED.

We’re being destroyed, according to plan.

2 posted on 10/06/2009 7:59:04 AM PDT by ryan71 (Smells like a revolution)
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To: ryan71

Certainly seems that way.


3 posted on 10/06/2009 8:00:09 AM PDT by BenLurkin (Brave amateurs....they do their part.)
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To: blam

When will people actually and finally state the obvious?

Pres. Obama’s ONLY qualification to be president was that he was half black. That’s it, in total.

He is corrupt, but that was discounted because he was black.
He has no experience, but so what? He’s black.
He has no leadership skills? But, he’s part black.
And the NAACP said he wasn’t ‘black enough’; but Michele is.

So, we have an incompetent leader; but we have shown the world we are not a country of bigots; because our inept leader is black.

Now, our incompetent leader is trashing the Constitution, leading us into fiscal ruin, has weakened our national defence, forsaken our allies, abandoned our troops, and started a Marxist regime .... but if you dare question this, you are a racist .... after all, our President is half-black.


4 posted on 10/06/2009 8:01:01 AM PDT by Hodar (Who needs laws .... when this "feels" so right?)
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To: blam

Let there be pitchforks!

Seriously. Some politicians will be held more than accoutable.


5 posted on 10/06/2009 8:04:38 AM PDT by subterfuge (BUILD MORE NUCLEAR POWER PLANTS NOW!!!)
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To: Hodar

“but if you dare question this, you are a racist”

That was all part of the plan from the beginning - Barry Soetoro and his handlers win no matter what. Bring it all down one way or the other.

The Repubs in Congress have to be in on this. They have done nothing of an intensity that shows they realize the Ship is being drilled full of holes on purpose.


6 posted on 10/06/2009 8:05:03 AM PDT by Sioux-san
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To: blam

Destroy the economy, leading to a complete restructuring of our society, economy and nation.

FDR’s new deal was the model, this is the full implementation.


7 posted on 10/06/2009 8:14:58 AM PDT by Erik Latranyi (Too many conservatives urge retreat when the war of politics doesn't go their way.)
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To: subterfuge
I really believe in your tagline, You may appreciate mine, as well.
8 posted on 10/06/2009 8:15:13 AM PDT by Aevery_Freeman (Been collecting pitchforks for years - now I know why!)
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To: blam
The Dollar At The Precipice
9 posted on 10/06/2009 8:16:31 AM PDT by blam
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To: blam

Martin Weiss has been selling “doom and gloom” since the 1980’s. I really can’t take him too seriously.


10 posted on 10/06/2009 8:22:28 AM PDT by Labyrinthos
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To: blam

Our elitist so called leaders are pushing women and children out of the way so that THEY can have the available seats on the lifeboats as the USS America economy sinks.

THEY were too busy getting drunk on power and prestige while the economy was headed directly for an iceberg.


11 posted on 10/06/2009 8:22:54 AM PDT by Le Chien Rouge
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To: blam
"Three Government Reports Point To Fiscal Doomsday"

But please do not worry! The Wizards of Wall Street are still successfully manipulating the numbers UP!

12 posted on 10/06/2009 8:24:57 AM PDT by I am Richard Brandon
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To: blam

BUMP!


13 posted on 10/06/2009 8:25:38 AM PDT by Diana in Wisconsin (Save The Earth. It's The Only Planet With Chocolate.)
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To: Sioux-san

“The Repubs in Congress have to be in on this. They have done nothing of an intensity that shows they realize the Ship is being drilled full of holes on purpose.”
*****

McCain’s pathetic campaign, along with his 2-year-old-like debate performances, was all the evidence that I needed to have in order to figure out what was coming on the horizon - and that a large portion of the GOP was complicit.


14 posted on 10/06/2009 8:29:29 AM PDT by Yooper4Life (They all lie.)
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To: blam

Beck needs this information.


15 posted on 10/06/2009 8:44:30 AM PDT by SumProVita (Cogito, ergo...Sum Pro Vita. (Modified Decartes))
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To: Hodar

One of the most succinct posts I have ever read.


16 posted on 10/06/2009 8:45:40 AM PDT by TommyTrojan
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To: Hodar
Our consolation prize is the knowledge that we have now had a half-black President and a wise Latina Justice. Diversity in action.

Also we can take with us the home version of the game, "Candyland". At least we have that.

17 posted on 10/06/2009 8:58:21 AM PDT by Sender (It's never too late to be who you could have been.)
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To: Hodar

I am screaming to my office mate right now as I read your comment. You are so totally correct it actually hurts.


18 posted on 10/06/2009 9:11:48 AM PDT by hot4plasma
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To: blam
Page 18, Figure 1-2, shows we're under water now and forever. From a footnote on the graph:

Spending in this figure excludes interest payments on the debt; hence, the gap between federal revenues and noninterest spending shown here does not equal the projected surplus or deficit.

19 posted on 10/06/2009 9:13:18 AM PDT by uncommonsense (Liberals see what they believe; conservatives believe what they see.)
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To: blam
The unfortunate truth is that we need to...Stop. Spending. Stop spending Chinese money. Tighten the belt and circle the wagons.

I have tried many times to spend myself out of debt. It made me feel good for a little while, but then it didn't work after all.

20 posted on 10/06/2009 10:08:32 AM PDT by Sender (It's never too late to be who you could have been.)
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