Monday, July 11, 2011

DEBT LIMIT

Time is quickly passing and we will reach the point where the "full faith and credit" promised by all government securities will no longer be true. After 70 years of faith in the US structure, I have lost it. Now is the time to signal to anyone who wants your support in the next election to let them know that they won't have it unless they are willing to compromise to work out a bill. The "tea party fanatics" who believe they are doing the will of their pricipals will see the damage when the stock market falls to the lowest point since the 30's.