Wednesday, June 23, 2010

What Would Fiscal Austerity Look Like In The U.S.?

http://economicrot.blogspot.com/2010/06/what-would-fiscal-austerity-look-like.html

Cafferty's question to viewers: What would fiscal austerity look like in the U.S.?

I think one of the most accurate comments was:

'those who have not prepared for the worst will suffer the most. It would come down to a simple matter of survival of the fittest and it would be brutal since the government has made a habit of propping up the poor with programs that would have to be curtailed. America would clearly become a nation of haves and have-nots. And, as a result, there would be chaos and riots unlike anything America's ever seen."

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