Elk County Forum

General Category => Politics => Topic started by: redcliffsw on June 05, 2011, 06:43:57 AM

Title: More Government Expansion...
Post by: redcliffsw on June 05, 2011, 06:43:57 AM

The private sector is hurt by too much government involvement, says Marc Faber

"It's very difficult to cut entitlements. In other words, social security, Medicare, and Medicaid because nobody wants to do that. so essentially the fiscal deficit will stay very large and it will mean that over time the US dollar will lose its purchasing power, more money will have to be printed, more quantity of easy measures will have to take place, and so forth,"
-Marc Faber

http://www.bi-me.com/main.php?id=52927&t=1&cg=4