Thursday, August 6, 2015

Go-go economy becomes so-so economy.....ANOTHER PESKY FACT!

Go-go economy becomes so-so economy: U.S. faces a much dimmer future absent big fixes

Millions of Americans who want a full-time job still can't find still one. Worker paychecks are barely keeping ahead of inflation. And governments at all levels are struggling to prevent future costs from spiraling out of control.

All of these ailments can be traced to one malady: TOO MUCH DEBT!

The U.S. is in a strait jacket. Sure, the economy has been growing steadily at a 2% clip since a recovery began in mid-2009. But the U.S. is expanding well below its historic growth rate of 3.3%. And it hasn't topped the 3% mark in a decade — the longest barren stretch in modern times.

What's at stake is the very future of America! 

Without faster growth the U.S. can't create enough jobs for those who want to them, and Americans will have to get used to much smaller increases in their paychecks. The middle class will shrink and poor would be even worse off.

The danger to Washington is that it won't be able to raise enough money to cover the cost to run the federal government. Lawmakers would be forced to cut spending, raise taxes, trim entitlements or do all three to prevent an already large national debt ($18 trillion) from getting further out of hand.

All of those things could further shackle the economy and raise social tensions. Various groups would be pitted against each other — young vs. old, veterans vs. civilians, whites vs. minorities — as they fight to maintain their share of a shrinking federal pie. 

Everyone agrees it's terrible but no one ever does anything to fix it and it is certainly getting worse!

The bottom line is that even 3% economic growth is likely to be a very rare event in the future or simply another government lie.


WHAT HAPPENS WHEN WHAT YOU SEE BELOW CRASHES AGAIN AND IT IS CERTAINLY GOING TO CRASH AGAIN, ONLY THIS TIME THE DROP WILL BE MORE SEVERE AND THE FED AND OUR GOVERNMENT, NOT ONLY WILL HAVE NO SOLUTION, THEY WILL HAVE LITTLE OR NO CREDIBILITY.



No comments:

Post a Comment