> gMoney wrote: > Can you also post some of your links from a couple of years ago....the ones > that had us bankrupt in 6 months....??? I wanna see how they differ from > today's "were gonna be bankrupt in 6 months" articles. >
Heh, good question. They're both right! As Chairman Kotlikoff states, technically we're already bankrupt. That's where it gets tricky though ... what does "bankrupt" mean? In this case it means that our liabilities outweigh our assets and so we're bankrupt. The assumption, however, is that somehow we'll change our liabilities. The problem is that everyday we wait to do that, the proposed solution becomes more painful to those at risk most: Baby Boomers. And, of course, there'll likely be other consequences for the rest of us. Other things I've talked about like devaluation of the dollar, etc. But read the article. The problem with all issues like this is that it's like Enron. There were people 5 years before the crumble that warned it was going to happen. Was it a certainty? No. Wall St kept pumping money in! But the trend was there and nobody did anything to change the trend. Well, the trend is here for the US and nobody's doing anything to change it. As a citizen you have 2 choices: you can be an ant or a grasshopper. Your question appeals to grasshoppers, Professor Kotlikoff's article appeals to us ants. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Introducing the Fusion Authority Quarterly Update. 80 pages of hard-hitting, up-to-date ColdFusion information by your peers, delivered to your door four times a year. http://www.fusionauthority.com/quarterly Archive: http://www.houseoffusion.com/cf_lists/message.cfm/forumid:5/messageid:211284 Subscription: http://www.houseoffusion.com/lists.cfm/link=s:5 Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=11502.10531.5
