An Unsustainable Welfare-State Rat Race
– July 10, 2010Posted in: Gold and Oil
Like a rat on its exercise wheel, the White House keeps on spinning though new spending program ideas without ever determining a finish line. Basically, how to pay for them.
If the Obama administration decides to step off the spending wheel too late it’s likely to end up with a no-win situation similar to the options pictured below.
An Unsustainable Welfare-State Rat Race originally appeared in the Daily Reckoning. The Daily Reckoning, offers a uniquely refreshing, perspective on the global economy, investing, gold, stocks and today’s markets. Its been called “the most entertaining read of the day.”
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