Home > National Issues, The Obamanation > Another Warning About US Debt & Entitlements

Another Warning About US Debt & Entitlements

BACKGROUNDER / PRIMER – READ HERE

Breaking News HERE  5/20/10

Folks, this is yet another warning about America’s looming fiscal crisis, which if unattended, will lead to drastic measures like Greece’s austerity measures and perhaps more painful reactions.  I have been saying this and now more and more people are saying it.

We have time – but that window is closing.

“We better get started,” the 82-year-old former central banker said in a speech yesterday in Stanford, California. “Today’s concerns may soon become tomorrow’s existential crises.”

From the rest of the article, I think Volcker is white-washing the true nature of the problem due to who he is advising (Obama) and not wanting to create a panic.  Why not create a panic?  Speaking softly about this issue now will not change anyone’s mind about it until it’s too late.

See you on the battlefield.

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