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WHAT HAPPENED TO ECONOMIC COLLAPSE?
Original post made
by Collapse, Another Pleasanton neighborhood,
on Mar 23, 2013
I was talking with a close friend that just moved to Texas before the sequester took place. He was telling me that the world economy was going to collapse and basically America would turn into a free-for-all once the government shut down payments. Basically, it would be a time to get in your basement shelters and pull out the firepower to keep out the raging beasts. He pulled all of his money out of the stock market and told me that California may not be around after the sequester took place.
Okay ... that was then. Let's fast forward to now. Where is the economic collapse? The stock market is booming. Yes, there have been some government program cut-backs, but the sky didn't fall.
In my opinion, the sequester is good for government. It sends a signal that government is subject to "reality economics".
Incidentally, I don't think any part of the government should be exempt. Enforcement, military, shrink them all. I'm tired of my tax bill causing me high blood pressure.