The Hill News

You’ve certainly heard the endless stream of negative economic news lately. America’s fiscal house is in trouble, job growth has stalled, and we may be driving right into a double-dip recession.  

While giving their pessimistic economic outlooks, there is one thing that the doom-sayers have gotten wrong - they aren’t nearly worried enough.

This isn’t going to be 2008 all over again, it will be something much worse. This time, we’re already starting from a vulnerable position. We’ve seen the first municipal bankruptcy of the many to come, in Central Falls, Rhode Island, and with others like Jefferson County, Alabama, preparing to vote on declaring Chapter 11.

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