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  • From: "Tradingpost" <tradingpost@gilanet.com>
  • To: livingontheland@lists.ibiblio.org
  • Subject: [Livingontheland] Is America going broke? article from Canada
  • Date: Wed, 02 Mar 2005 23:16:05 -0700


March 02, 2005

Is America going broke?

Is America going broke?
Record deficits, colossal debt and no clear plan for digging itself out. If
the U.S. sinks, it will take Canada down with it.

David Walker can see the future, and it scares the hell out of him.

That wouldn't be terribly unusual if he were one of the thousands of
lobbyists, legislators and activists crawling all over Washington on any
given day, pontificating about the urgency of their pet issues. There is a
thriving industry here built on pushing policy prescriptions for every
ailment, real or imagined. But Walker isn't a lobbyist or an activist, he's
an accountant. His title is comptroller general of the United States, which
makes him the head auditor for the most important and powerful government
in the world. And he's desperately trying to get a message out to anyone
who'll listen: the United States of America's public finances are a
shambles. They're getting rapidly worse. And if something major isn't done
soon to solve the country's intractable budget problems, the world will
face an economic shakeup unlike anything ever seen before.

**** Entire article is at
http://www.macleans.ca/topstories/world/article.jsp?content=20050307_101541_
101541

Again, I'm suggesting economic depression is around the corner, and if so
then most people won't be able to afford fuel at CURRENT prices. And if so,
Peak Oil will hit DURING the depression.

paul tradingpost@gilanet.com
http://medicinehill.net
NM





  • [Livingontheland] Is America going broke? article from Canada, Tradingpost, 03/03/2005

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