>> 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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