America is Greece on steroids.
The final reckoning day will come soon enough when China, Singapore and other investors stop propping up the U.S. Then the game will be over – with a resounding crash.
Who then will bail out profligate America?
The “experts” keep telling us that, someday, all this will have to be paid by taxpayers. But about 50% of U.S. households don’t pay any income taxes at all. Most income taxes are paid by the top 20% of households – those “rich” people whose taxes Mr. “Fair Share” Obama wants to increase so they can be more “patriotic” (in vice-president Biden’s quaint words).
http://sovereign-investor.com/2012/06/19/america-is-greece-on-steroids/
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