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URL:  http://boards.fool.com/gtgt-the-us-is-entirely-broke-and-no-30300881.aspx

Subject:  Re: Venezuelan election October 7 Date:  10/4/2012  6:44 PM
Author:  BrianMotleyFool Number:  63947 of 71877

>> The US is entirely broke, and no politically conceivable combination of tax rises and spending cuts is going to be able to fix it.

That's a positive outlook! LOL <<

Being a pessimist is great. That way, I'm either right, or, if I'm wrong, things go well. It's win-win.

>> Default is inevitable on either issued debt, or promised benefits, or, most likely, both...

This wouldn't happen if politicians followed the Guy Kawasaki rule:

Under promise and over deliver. <<

If they followed the Kawasaki rule, they would not be politicians. QED.

Brian
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