TIME-BOMB: America's Debt Crises, Causes, Consequences and SolutionsThanks to the reader who sent this in.
TIME-BOMB is a powerful new documentary that puts the spotlight on America's exploding national debt and the fact that our leaders are risking our economic future through shortsighted fiscal policies. With each passing day that we do nothing to address our twin deficits, we increase the chances that we will soon be facing an economic crisis of major proportions. TIME-BOMB shows why the hard-earned assets of all Americans are at risk and, on a more profound, level shows why Democracy itself is threatened...
4 comments:
TIME-BOMB shows why the hard-earned assets of all Americans are at risk and, on a more profound, level shows why Democracy itself is threatened.
Yes, the USA is about as fiscally sound as Enron was, just prior to its demise.
Prior to the dot-bomb, I was warned by a financial consultant of the credit bubble and the inevitable payback. If I got wind of these risks in '98, it should be all the more obvious today. That said, has the average consumer taken much risk assessment of their spending behavior? The spread between the savings rate, MEW and debt continues. Locally, you really have to wonder how many aspire to a lifestyle they cannot actually afford.
While our government certainly contributed to this problem, the average consumer has been all too eager to play along. This won't change until people develop new attitudes about money.
I haven't seen the film, but AMEN to the concept
Scares me to see the natinal debt rise this fast. Somebody must be doing something wrong; lol.
Toner
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