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The Economy in 2015 Might Shock You

Docnick Wrote: Nov 19, 2012 8:29 AM
Why do anyone think that Obama wants to lower debt? How is it that we forget that government is the cause of this NEW American system? The arguments seem to say this government did this and that one did that as if it has made any difference. In the sixties decisions were made that are only lately fully impacting us. Obamacare will not fully impact us for many years. Because of this lag-time it is difficult to know or understand the source of the problems we are having. So long as our elected leaders have to go to voters every few years the social programs and cost will not be on the table for reconsideration. The number of people on some form of government support grows each year. Ron

In the summer of 2015, either one or both political parties will begin the search for their next presidential. By that time, the whole tenor of political positions will have sharply changed.

At least, we can only hope so.

That's because our economy is unlikely to handle three more years of gridlock, which keeps us stuck in a phase of higher government spending and shrinking revenue. Any day now, the ever-rising mountain of debt will need to be addressed. In the face of inaction, the bond market will have spoken by 2015 anyway, as "bond vigilantes" force...
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