7
July
Bailouts for Everyone, But Who's Going to Rescue Uncle Sam?
7 July 2009 Yahoo News
Fourth of July weekend is a time for celebration and relaxation, but also reflection on the critical juncture our nation faces.
The U.S. has been on an "unsustainable cycle of buying and spending" that cuts across all strata of society, says TJ Marta, chief strategist at MartaontheMarkets.com.
The problem is that with everyone having a hand out -- from illegal immigrants to Wall Street to state and local governments -- the Federal government has now extended itself to the limits of its ability, and perhaps beyond.
