The United States is on a fiscal path towards insolvency and policymakers are at a "tipping point," a Federal Reserve official said on Tuesday.
"If we continue down on the path on which the fiscal authorities put us, we will become insolvent, the question is when," Dallas Federal Reserve Bank President Richard Fisher said in a question and answer session after delivering a speech at the University of Frankfurt. "The short-term negotiations are very important, I look at this as a tipping point." But he added he was confident in the Americans' ability to take the right decisions and said the country would avoid insolvency.
Really? Confident? :rofl :Koolaid: Senator Reid complains when his Cowboy Poetry Festival may get cut and it looks like the House Republican leadership had their balls lopped off when it comes to fiscal responsibility. The only way things are going to get better is either we primary out all the long time politicians or things are going to get way worse before they get better.
