I really hope you guy's in Canada carefully review China's belligerence in the South China Sea before
allowing approval for Nexen merger. In case you missed it-China has recently annexed a large portion of
the SCS without any debate with the UN or consultation with its immediate neighbors...
This is one reason-I believe- why the Fed. just ignores illegals.
Little do the illegals know that they are indentureing their future
offspring to crushing debt burdens, courtesy of the current
generation.
I believe we are witnessing the way in which Social
democracies fail: They spend themselves into catastrphic debt
oblivion. You can only steal from the future to a point.
In fairness Waugh there were requirements placed on Banks
in the US with regard to sub-prime borrowers. These requirements effectively amounted to applying affirmative -
action principiles to home lending. Not affirmative action based on race-but on creditworthiness of the individual. You...
Are there estimations of when this will happen? Its pretty much a forgone conclusion that it certianlly will. It would help to have a heads-up before the trainwreak occurs.
what baffles me is that the state has a constitutional requirement
to balance the budget-yet it has been out of balance for years. At what point do the credit markets shut Ca out of the credit markets and simply refuse to lend? Has this ever happened in US
history?
All of this largely due to voter apathy. Politics is dull-boring. To many other distractions to occupy our minds. I do wonder how far
over the edge the state will plummit before the voters wake up.