Winston had this to say about American *sequester*

“We can always count on the Americans to do the right thing, after they have exhausted all the other possibilities.”

― Winston Churchill

Us Debt Clock... Ticking in the new year & 2016 too...

Check out the blog about the US Debt and the US Debt clock over in SustainZine.

http://sustainzine.blogspot.com/2013/01/us-national-debt-clock-now-and-then-2016.html

Crises of Generational Proportions Boomers - BoomAge... Economist...

The next crisis: Sponging boomers | The Economist:

The math is ugly. This is a great article that summarized some really big key issues that arise from the generational move of the Boomers into retirement. BoomAge could be the syndrome.

Those age 65 or older are expected to consume about $333B more in benefits/services than they paid in taxes. No worries, let's let our kids and grandkids take care of that bill.

And the bad thing about doing nothing (gridlock and more) is that it simply delays the solution and compounds the impact.

Some really cool (ugly really, but interesting) stats are the impact that inflation has had on the US national debt. The young, with debt, benefit from inflation. Older, with savings, get hit. The voting and politically active retirees will increase by almost 10% to 26% of the voters and will have time to push for services, benefits and low inflation.

Social Irresponsibility: Debt, Population, Inflation, Politics, gridlock, Boomers, BoomAge

Article also posted to SustainZine.

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Mad Cramer of Mad Money comes up with an insain solution.

After the monday stock market crash, Cramer of Mad Money suggests that we want the stock markets of Europe and the US to get very bad, very quickly. Otherwise we will continue to get continued inaction and nonsolutions to the debt problems of Europe and the US.

See his opening silo of shots at the big federal governments of the world: http://video.cnbc.com/gallery/?video=3000058508

Wall Street sinks on global debt worry - Yahoo! Finance

Wall Street sinks on global debt worry - Yahoo! Finance:

And our con-gress fiddles while Rome burns.

It's not as if there aren't already a coupe workable plans out there.

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The 4 Failures of the Supercommittee - Yahoo! Finance

The 4 Failures of the Supercommittee - Yahoo! Finance:

So ugly. So very ugly.

Super committee, or Super-Dumb Committee.

Both parties just love this "Russian Roulette" game where the focus is on winning elections. None of them seem to care how difficult it does for the whole of the Economy.

There's s video in there: http://finance.yahoo.com/video/cnbc-22844419/super-committee-failure-27334224.html

At least, we have an across the board cut in December. What you would want to have is smarter spending and less dumber spending. But with the game of Dumb and Dumber being the smart show in DC, that may be the best we can hope for.

Wait until we get all 70m baby boomers in full retirement mode, and then see how easy it is to cut entitlements.

We'll see what happens over the next two weeks. In the mean while the stock markets are tanking. Might be a buy opportunity in the next week or so.

There's no amount of lipstick that's gonna make this pig look any better...

And don't get me started on the dysfunctions of Europe and the PIIGS. :-(

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