The U.S. Has An Unsustainable And Dangerous Fiscal Trajectory: Rubin

[Purveyor]

Former Treasury Secretary Robert Rubin states that the country's deficit will lead to some form of major duress like high inflation, a long period of very slow economic growth and, most likely, a serious financial and economic crisis. (May 10, 2012)

"

[xtraxritical]

1. Blah blah blah...Stop the wars, cut the military budget by at least half, no more worries.

[starroute]

2. The deficit hawks just don't give up, do they?

[Lasher]

5. No, not unless they're talking about war spending and tax cuts.

Then "Deficits don't matter."

[lib2DaBone]

3. Wow.. this guy is a true Genius.. he doesn't miss a thing...

Must have been all those years as head of Goldman Sachs.

Maybe if he brings back some of those jobs that he and Bill Clinton sent away with NAFTA.. we'd have a chance?

Nah.. never happen.

[Politicalboi]

4. Just stop the wars

Billions in savings, thousands of lives saved, and more money for the citizens of America. Made up disasters that can easily be fixed.

[freshwest]

6. Where was he in the 'deficits don't matter' Bush era? Just more propaganda to make people give up.

[tularetom]

7. And he should know, him and his Goldman Sachs buddies

are a major cause of the problem.

[miamipilot]

8. Not One Mention Of....

Mr. Rubin what about the fact that Wall Street has taken our depositor money leverage it..used it to speculate, bet, and borrow it beyond their capability to handle the risk and left us holding the bag (2008 financial crisis). How about the disastrous lifting of the Glass-Stegal Act (where it all started) being repealed back in 1999 through the Gramm-Leach-Bliley Act , which effectively opened the door to the banks playing in mass in the options/derivatives markets instead of doing what a banks should be doing which is loaning and furthering economic common purpose. So I guess...for now, its: "ups yours.....I've got mine bud….right!!” YOU TELL-EM GEORGE CARLIN…