Mar 1, 2013
John Rubino of DollarCollapse joined us today to discuss exactly what's going on in the economy. While GDP decreased last quarter, you can expect it to decline further for the current quarter. The universal tax increases have kicked in with a vengeance and we're not seeing an uptick in employment to offset them. In addition, government spending is declining which is a definite current drag on the economy, even if it's good for the long run. John and I are expecting more of the same for the rest of 2013, with the rate of descent picking up steam throughout. But don't expect your government to give you the straight story. It ain't gonna happen, governments always tell you what they think you want to hear.
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