PushBack, a Plausible Scenario?

I feared most people would think the book PushBack was a little over the top when I described the splintering of the United States into eight parts due to out- of-control deficits. After reading the BusinessWeek article “Why the Dept Crisis Is Even Worse Than You Think,” I no longer have that fear.

For example: The article states that to really deal with the deficit starting now, something in the order of fifteen trillion dollars has to be cut or found in the next decade order to deal with the problem, not the four trillion savings proposed in the Obama, John Boehner “grand bargan.”   If we cut every government service and employee, including the president, we could not cut enough to fund social security and medicare with current revenue levels.  Folks, anyway you cut it, it ain’t going to be pretty.

http://www.businessweek.com/magazine/why-the-debt-crisis-is-even-worse-than-you-think-07272011.html?chan=magazine+channel_top+stories

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s