The Replica Prop Forum

The Replica Prop Forum
Very cool site I am also a member of

Day by Day Cartoon

Monday, February 4, 2013

Our Economic future

in this country is about to run into something.  You need to read what Peter has posted, check out the links for yourself.  Don't take my or Peter's word for what is going on.  And quit listening to the talking heads who keep saying nothing is wrong.  Do you own research.

"The difference between the liabilities and the assets of the US Government, as projected by the Congressional Budget Office, is now $222 trillion ... That's the fiscal gap ... Last year was $211 trillion, so it grew by $11 trillion in one year ... That's 12% of GDP (Gross Domestic Product) going forward ... For Greece, the comparable number is not 12% of GDP, but 10%. For Germany it's 5% of GDP. For Italy it's 5%. For Canada it's close to 0%. So, we are actually in worse fiscal shape than any developed country at this point, and we are hiding all the problems under the rug. We're using this faulty, false accounting, we're using accounting that would make Bernie Madoff blush, and Congress has accumulated all these liabilities off the books, and they're called Social Security, Medicare, Medicaid, defense spending."

Once again, do your own research.  I'm not asking you to take my word for anything.

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