Obama’s “train wreck” ahead

The Obama Retirement Trap
//www.lewrockwell.com/holland/holland12.1.html

Where Will US Job Growth Come From?
//www.lewrockwell.com/quinn/quinn21.1.html

Retirement Armageddon
//www.lewrockwell.com/north/north808.html

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Obama’s “train wreck” ahead

Human Events
by Donald Lambro

01/27/10

Arthur Laffer, creator of the Laffer Curve that showed how low tax rates boost economic growth, is warning anyone who will listen that the economy is headed for a ‘train wreck’ in 2011 that will make the current recession look tame by comparison. The famed economist, whose supply-side, tax-cutting policies enacted by President Reagan in 1981 put the economy on a record-breaking, 25-year economic trajectory of growth and prosperity, is telling Americans not to be lulled by sporadic signs of growth this year, because the economy is headed for a sharper decline next year when tax rates are expected to jump sharply, sending the economy into a new tailspin...

//www.humanevents.com/article.php?id=35341



A five-point plant to save America, Haiti and the world

J. Neil Schulman @ Rational Review
by J. Neil Schulman

01/27/10

The United States of America as a geo-political entity is doomed. That sector of the American economy tied to the entitlements and obligations of its federal and state governments — and whose capital and obligations are calculated in terms of a dollar issued by its secretive central bank — is ‘upside down.’ Its debt and obligations far exceed the capital owned by and current productive capacity of its people. The two alternatives, when reduced to essentials, come down to either a bankruptcy involving a repudiation of debts and entitlements — which means some people are going to be thrown to the wolves, and many will actually die — or a bankruptcy involving a reorganization that can lead to a real recovery...

//tinyurl.com/ybmjt3c


Informant: Thomas L. Knapp



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