Wednesday, August 29, 2012

from Doug Casey on the 'Worsening Storm,' QE3 and the Hard Assets Alliance

Daily Bell: Can government be cut?

Doug Casey: No, I don't think so, because people have become too reliant on it. Americans are no longer self-reliant frontiersmen; they're now mostly dependent, inert and overweight consumers. You never hear people referred to as "producers," just as "consumers" − as if that were a good thing. The government is a major factor in their lives, and they like it. You can't cut Social Security because a huge swath of Americans are living on it and most retirees have no other assets or income.

No comments: