Scataphagos: If you are in the correct "Niche" and your making money, in what ever business....those people will continue to make money. Great Depression-a lot of people made money. The problem is, American's in general have a warp'd way of thinking. They believe they are owed a million dollars.....either by their "Job" or by some game show or by the Lotto. The American's sense of wealth is warp'd as the 99% are the ones that bought Hummers, McMansions, et all knowing full well that they couldn't afford them if the lights were turned off and the "Debt" came due. For every 1 dollar the average citizen is in debt 3 to 5x that. They are leveraged like the BANKS, except there will be no bail out of the 99%. Free loaders and tit suckers are learning from the "LEADER", the US GOV. Sheeople are followers and they are following the LEAD of the SPEND AND SPEND AND SPEND without Money in the Bank DC CROWD. Yes, this country is going to Fall as it has already begun to tear apart. The facts are self evident and I'n our faces. Occupy Wall Street is just one movement of Socialist/DemRats. The Republican's are as clue-less as the average tit sucker as well. Violence is around the corner and in many urban area's there will be riots. It is going to get very ugly. But, that does not mean such a wave will hit across all states. There are a few where Occupy Wall Street has a small presence. Texas is one. People are making money, who want to make money in Texas. Oil Industry, Shipping Industry, Construction Industry, Retail, Bio-Tech, Medical, etc area all moving along. Sure, Texas isn't perfect and it is running a deficit. However the Eagle Ford Shale will pay of the debt and add a surplus over the next decade. So, Meredith is only stating the obvious to people who are willing to wake up. Harrisburg is just the start. Obama wants a job package and a State Bail out package...why? Because the GOV knows whats coming and they are trying like mad to push it down the road. Money flows in, all the time, if you really want it.
Here is a link to a Rhode Island town...employees had to take cuts of around 40-50%...This is indeed a time bomb waiting to explode... Blame is all around, solution must also be all around... http://www.bloomberg.com/news/2011-...nd-city-of-central-falls-into-bankruptcy.html Solution for all: a 401k retirement scheme...starting with the President of the USA...and on down...If it's good for the average worker, why not for the politicians, CEO's etc. etc. http://www.bloomberg.com/news/2011-...ay-show-remedy-for-ailing-state-pensions.html
Central Falls has $80 million in unfunded liabilities for pensions and retiree benefits, Flanders said. He said the city retirement plan has just $5 million in assets. ------------------- Divvy up the 5m to the benficiaries and tell them "game over".