Wednesday, April 7, 2010

What will it take?

The Tea Party Express

Leo Kolivakis in his Pension Pulse asks - Will pension gaps spur tax revolts? 
It's a huge mess, akin to watching a slow motion train wreck and when it comes home to roost, there will be a tax revolt and strikes from public sector workers. I hope I'm wrong, but praying for private and public markets to bail us out of this mess is a fool's paradise.
Another trend that is literally crossing the US is the Tea Party Express. Ironically part of this route is very similar to the one taken by the Joad family in the Grapes of Wrath.  
“You, the politicians in Washington, have failed We The People with your bailouts, out-of-control deficit spending, government takeovers of sectors of the economy, Cap & Trade, government-run health care, and higher taxes! If you thought we were just going to quietly go away, or that this tea party movement would be just a passing fad, you were mistaken. We’re taking our country back!” 

As Leo states in finishing his blog it will take a miracle of monumental proportions to get us out of this mess. 

What if it does not happen? 

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