Well.... we are about to hit the $16 Trillion dollar public debt mark. Only took a little over 3 years to go from $10 Trillion to $16 Trillion with no slow down in sight as the annual deficit stays north of $1 Trillion a year.
$450 Billion a year is going just to pay the interest on the debt and it's growing at about 20% a year. It's obvious there is no sustainable solution to keep the train wreck from happening. Maybe it can be slowed down but there's no stopping it.
Far as I'm concerned... Just get it on now and drive the car over the cliff. Vote Obama / Biden back in and give them whatever they want. Borrow away until everybody stops lending and let the fun begin.
All of the "checks are in the mail" crowd that vote for Obama and reckless spending will all of a sudden have no checks in the mail and it will be fun to see what they do...
I've got my pad far south of the border and can hang out for a year or two until the chaos ends. I'd rather just get it over with now then dragging along and being nauseated by the financially clueless.
"(CNSNews.com) – The Labor Department announced on Monday that it will be awarding almost $100 million in grant funding to states to prevent layoffs by allowing businesses to pay employees as part-time workers and the federal government will pick up the tab for the cost of a full-time paycheck."
"The “work-sharing” program was passed as part of a Republican-led bill in the House, H.R. 3630, and Senate Amendment 1465 to extend the payroll tax deduction and unemployment benefits. In February 2012, President Barack Obama signed the bill into law, which included the $100 million in funding."