The only point I would disagree with Mr. Allen is whether the tipping point is ahead of us or behind us. I believe we passed it, if not mathematically, at least politically. There is neither political nor understanding on the part of the political dolts in charge of the country.
Mr. Allen discusses this in context of the Republican political establishment. What courage it tolk to raise the spending cut target to $100 billion, as if this trivial figure will matter. Rand Paul has proposed $500 billion in spending cuts, but he is looked at as a wingnut. Unfortunately Mr. Paul’s number is not enough either.
A Tipping Point Is NearingWe are facing a tipping point. There will soon be a crisis affecting US citizens beyond any experienced since the Great Depression. And it may happen within the year. This past week three awful developments put a dagger into the hope for a growth-led recovery, which held promise of possibly averting a debt and currency implosion crushing the American economy.The first was a little-noticed, but tragic
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