A Budgetary Crystal Meth Addict

  •   The Alex Jones Channel Alex Jones Show podcast Prison Planet TV Infowars.com Twitter Alex Jones' Facebook Infowars store

Ross Kaminsky
spectator.org
October 2, 2012

Bill Gross, the Managing Director of PIMCO, the world’s largest bond investment manager, has just published his latest monthly letter. It’s a great and sobering (but not yet panicky) read:

http://www.pimco.com/EN/Insights/Pages/Damages.aspx

Perhaps the most memorable line: “The U.S., in fact, is a serial [debt] offender, an addict whose habit extends beyond weed or cocaine and who frequently pleasures itself with budgetary crystal meth.”

He adds that the US balance sheet “is in flames and that its fire department is apparently asleep at the station house” while getting into a discussion of an 11% “fiscal gap” which will require the combination of spending reductions and revenue increases of over a trillion and a half dollars per year and points out the sobering political reality that the Bowles-Simpson plan which was politically impossible to sell was aiming for only a quarter of the amount needed to eliminate our budget deficit.

Read more

This article was posted: Tuesday, October 2, 2012 at 9:52 am

Tags: , ,







Infowars.com Videos:

Comment on this article

Comments are closed.


Watch the News

FEATURED VIDEOS
Harry Reid Blatantly Lies To America See the rest on the Alex Jones YouTube channel.

Smart Guns Endanger Children See the rest on the Alex Jones YouTube channel.

© 2013 Infowars.com is a Free Speech Systems, LLC company. All rights reserved. Digital Millennium Copyright Act Notice.