reply to post by liveandletlive
I think the market is going to go down a lot more. This is just the beggining. All they did back in 2008 with the bailout was kick the can down the
road to deal with later. Later is now I'm afraid.
There is no more money for bailouts. The next crash will much worse than 2008. The federal government is broke, most of the states are broke. We have
no money left.
Another problem brewing that you will start to hear about more and more is the underfunded state pensions that the federal government may end up on
the hook for. We are talking about TRILLIONS! Where is that going to come from?
Estimates put the unfunded liabilities at between $1,000bn and $3,000bn after years of states promising benefits but not contributing enough in
both good times and bad to cover them
www.ft.com...
Too many people are unemployed, there is no industrial growth occuring to put people back to work. Wages are decreasing. We have done nothing to
reduce our dependence on foreign oil. Time to pay the piper is near.