Comments | peak_oil: Prime Rate vs Default

theheretic in peak_oil

Prime Rate vs Default

Aug 02, 2011 07:10

So the US govt has hosed the USA's economy with its new budget. If your job is in ANY WAY connected to Federal Funding, kiss it goodbye. I work in R&D so mine is going to go away pretty soon. If you're in education or any kind of govt job, kiss it goodbye. If you're receiving any kind of federal funding at all, say goodbye. Once you find that shred ( Read more... )

Comments 1

l33tminion August 2 2011, 20:35:56 UTC

Still not quite as bad as the "1/3 cut in government spending effective immediately" that would have come from just letting the clock run out.

But yeah, this is the beginning of US collapse, the end (at least for now, within the USG) of anything that could pass as a (pathetic excuse for a) collapse mitigation effort.