Name:   MAJ USA RET - Subject:   Chip Once for YES - Twice for NO Date:   10/11/2010 9:08:46 AM

Whatever happens… including cuts in Social Security (which is a Ponzi scheme about to go bad) and Medicare… there is much pain to come.  ONLY fiscal austerity will save our great nation.  We will go the way of rioting Greece, and now France, unless we put a halt to the exploding debt and underfunded entitlements.  The longer we delay the pain the worse it will be.

Am I wrong?  Watch Illinois (unrecoverable without Federal bailout) and California (in critical condition).  The golden geese are taxpayers, small business, and big corporation.  So, how did the California geese handle it?  The fleeced geese fled if they could (hmmm… mixed metaphor).  Those that did not are being bled dry.  There’s no more money to be had to support the bloated entitlement situation.  Now, there will be fiscal pain in California… or the rest of the country will bail them out.

Fishy, should we bail out California and Illinois?  Not a complex question – answer is “yes” or “no”.