WhynoT

The Truth About Bailouts

I applaud Mr. Schiff's ability to develop a fundamental thesis and to explain said thesis to everyone willing to listen even if they laugh and jaw at his idea's. You have to give the man credit for calling the crisis even wthen the slack jawed yokels were laughing in his face on national TV.

I agree, the boomer generation has bankrupt our country, my children, their children and I will be footing the bill for decades to come. I doubt any of our politicians or our nation as a whole will be willing to accept a "lower standard of living". Such drastic measures will have to be forced upon us by our creditors, we are in for some difficult times ahead.