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Link Posted: 7/6/2012 7:40:43 AM EDT
I agree, it's simple math. Produce more than you consume or you have no future. Amazing how few people understand that.
Link Posted: 7/6/2012 8:15:56 AM EDT
The issue of pensions will be front and center before too long.  State and local governments will be on the ropes because they contractually promised outlays based on 8% market returns, and we have and average of 3%.  Lots of haircuts and butthurt to follow shortly.  
Link Posted: 7/6/2012 8:20:41 AM EDT
It is amazing to watch the economic slide... Even here in Texas.
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