Is a new fiscal crisis looming? The Dec. 19, 2010 episode of 60 Minutes offered a chilling report of how individual state budget issues present a pending challenge to financial markets. A portion of that broadcast is shown below.
Some of you may have already seen this and if so, it’s probably worth watching again. We all should be aware of the serious budget issues the federal government is facing but threat of default from state and municipalities is every bit as real and potentially harmful.
After years of overspending and inflated promises, the day of reckoning is at hand. How will the different government agencies deal with the problem? More importantly, what effect will all of this have on you?
Whether or not this all comes to a head in the near future, legitimate solutions are likely to cause higher taxes, lower benefits and/or increased volatility. Contact the experts at Annuity Straight Talk for a serious discussion about taking precautionary steps toward asset protection. 800.438.5121