U.S. Government Bankruptcy Immanent

This segment from 60 Minutes highlights the Federal Government’s fiscal irresponsibility and a predicament that is bound to cause extreme pain for all Americans. It is an interview with David Walker, comptroller general of the U.S. He has totaled up our government’s income, liabilities and future obligations and concluded that the numbers don’t add up. See it at http://www.cbsnews.com/sections/i_video/main500251.shtml?id=2534935n.

My expectation is that the Federal government WILL NOT ACT until the problem becomes acute, then it will implement emergency measures that will all but destroy the “social safety net” while it continues to spend lavishly to maintain the far-flung American Empire, fight unwinnable wars, and enrich corporate cronies and the military-industrial complex.

Are your priorities consistent with those of our political leadership?

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 )

Connecting to %s