Wednesday, June 9, 2010

U.S. Will be Like Greece in ‘Seven to 10 Years,’ Say Congressmen, Experts

This is classic psychological manipulation. See, you know something is rotten in Denmark. You have a bad feeling things are about to get bad. Really bad. And then out comes the 'experts' to tell you, yeah, you're right, we are in bad shape, but you still have time to do something about it! Buy! Consume! Stay asleep. Everything is okay. Get to those polls and vote them bums out. You betcha we can fix this. We're Amurr'cans! You have a year, year and a half tops to prepare for oblivion.

Also, LaughOutLoud@Republicans concerned about spending. That just never gets old.

    CNS News -

    Sen. Judd Gregg (R-N.H.), along with other members of Congress and leading financial experts, is warning that the United States is in danger of being in the same dire situation as Greece – national bankruptcy -- in seven to 10 years unless the federal government radically curtails spending.

    Last month, Gregg, the ranking Republican on the Senate Budget Committee, said the United States will “essentially be where Greece is in about seven years.”

    “If we continue to spend much more than we take in," he says. "We'll double our debt in five years and triple it in 10 years and essentially be where Greece is in about seven years,” Gregg told the Fox Business Network in May.

Read all of it.