Thinking of NOT Voting?
By Fr. Eben Trevino | 07/01/08 | 12:45 PM EDT | 0 Comments
From Market Watch
The complete article and the remaining 15 reasons can be viewed on the Market Watch website here.
25 reasons to vote in 2008...
1. U.S. dollar meltdown
Clues: Foreign currencies replacing dollar as reserve currency. Buffett's hedging too.
2. Housing-credit meltdown
Clues: Subprimes triggered $400 billion in write-offs; global estimate is $1.3 trillion.
3. Energy and oil bubble
Clues: Gas $5 a gallon. Crude up, up, up. Ethanol and OPEC idiocy. Automakers failing.
4. Foreign trade deficits
Clues: Monthly deficits top $70 billion. Selling equities, foreigners own $15 trillion.
5. Federal budget deficits
Clues: Federal debt now $9 trillion; add another $400 billion federal deficit this year.
6. Social Security deficit
Clues: $60 trillion to $75 trillion. Cut benefits or raise taxes. Inertia if gutless politicians.
7. Health-care crisis
Clues: Medicare losses. 47 million uninsured. Big Pharma pockets big bucks.
8. Corporate pensions underfunded
Clues: Airlines, auto, other blue chips in hock deep, defaulting to taxpayers.
9. Local government pensions deficits
Clues: $500 billion mess draining local taxpayers, deepening recession woes.
10. Personal savings meltdown
Clues: Consumption addicts. Zero savings rate. Too little for retirement.
The complete article and the remaining 15 reasons can be viewed on the Market Watch website here.
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