'..far more precarious than they were in the 30's and 40's.'
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'..far more precarious than they were in the 30's and 40's.'

Posted by ProjectC 
'Demographics and debt levels now are both far more precarious than they were in the 30's and 40's.

..

The very last thing the US needs is a massive infrastructure program paid for via the printing presses. Instead, we need to cut military spending, scrap Davis-Bacon, scrap prevailing wage laws, get rid of government workers, reduce public worker pensions, and get the budget in shape before the US becomes the next Greece.

Will that cause pain? Of course it will. However, Biggs wants a free lunch. If printing money solved problems, Zimbabwe would be the wealthiest nation on the planet.'

- Mike "Mish" Shedlock, Preposterous Statements - Jim Rogers: "No Food at Any Price"; Barton Biggs: " U.S. Needs Massive Infrastructure Program" July 02, 2011