Erskine Bowles Testifies On 'the Most Predictable Economic Crisis' in History

Erskine Bowles testifies that the fiscal path the U.S. is currently on is headed towards disaster.

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[GozerTheGozerian]

We all grew up with some jackass in high school who couldn't even make it in community college, yet now makes $125,000 a yr, with completely free healthcare and a shit ton of vacation, because he joined the local police force. Yes, this jackwagon with a HS diploma, who can barely read and literally doesn't know how to use a computer, will probably retire on a BS injury at 32 and live out the rest of his days getting paid. Working for the government is awesome!

[GozerTheGozerian]

This is what happens when your village clerks and DMV counter people make $120k/yr and retire with $60k/yr pension and free healthcare for life. Or school superintendents making $300k/yr while double dipping and collecting $80k/year in teacher pension. Or rookie firemen getting hired at $72k/yr and making six figures in their first year by abusing overtime.

While people in the real world suffer, govt employees still gorge themselves on cash and benefits as if the recession never happened.

[mcstaford]

EAT A DICK, FORESKIN BOWELS!!!!

[lucy9359]

I would however sell it before it goes to because I believe that everything including gold and silver and all will crash...there will be no way to pay anything to anyone who owns it leaving it worthless. Argentina Americatina same thing. I live in Canada which will becoem Canatina when you fall some deny this but we are not going to sustain our current economy without you all!

[Garyscott7]

My head keeps playing Roy Orbison 1964 - "It's Over". No election is going to change this.

All the puppet legislators are going to do is raise every kind of tax and fee to keep their friends in champagne, while they feed us cows more inflation & BS until the end.

Stock up.

[SFLTroy]

Food, water, toilet paper, and ammo. Thats all I need. I started buying silver last year when it was $20 dollars an ounce. Now its almost at $40. Beat that stock market!

[jeffmonc2]

@zimbotiger No argument from me - the paleo conservatives are the only ones that seem to care.

[David Lemon]

I realize that.. isn't that a bit scary?

[apelove4u]

Prove it. There has not been an inventory since the 1950's.

[PatricksTime]

you don't have to be a genius to know we are in bad shape!

you don't have to be a genius to know that they won't and can't fix it!

silver and gold is all you can depend on