Thursday, February 18, 2010

The Top-10 Budget-Deficit Time Bombs

Spending has been out of control for a long time and it may be too late to prevent the bubble from bursting. This article lists the top 10 fiscal time bombs and the final derivative kicker. It is time to cut deeply into our government spending, both State and Federal, by addressing entitlements, eliminating government departments and employee unions, and freezing spending across the board.

There will be winners (people who owe money and own gold) and losers (people who keep their assets in the bank and stock market). Instant millionaires will be made overnight; old millionaires will be made penniless. Which group will you be in?

The Top-10 Budget-Deficit Time Bombs

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