Danger, Danger Will Robinson! The economy is on the Verge of Collapse!

This is the first time we have seen a moratorium on filings from Intuit's Quick Books and the tax filings to the IRS, as the IRS and Intuit need to revamp their tax forms.We are wondering if this could be caused by the inability of the administration to pass a budget resolution as well as the across the board Tax increase that is looming.We all will be suffering from higher tax rates without the administration being willing to come to grips with these very simple to solve problems. Fact: it is statutorily required to pass a budget resolution in time for the Fiscal year. We now have gone two months into the new fiscal year, as the new fiscal year is October 1.We need to make this one of the biggest issues of our conversations with our Representatives. Every day we put off these critical time line actions we jeopardize the fragile economy even more. We also push the trajectory of the Nations Budget deficit ever higher! We need to keep the heat on. We can no longer have business as usual in Washington. We are in danger of an economic meltdown due to our huge deficits, high unemployment rate and our debt that is creating a huge burden by increasing the amount of bonds that need to be sold in the open market. It is anticipated that we have to roll over almost all of the bonds that are currently in the market. We also see the required bailout of Ireland, experts looking at the Euro Zone see Portugal and Spain not far behind. Yet the bailouts by European Union are being funded by nations that themselves are weak. It is being strongly suggested by top economists that if there is any breakdown of psychological support for the markets in Europe that it will be a cascading event quickly causing the disintegratation of the US Markets. This danger that cause an economic tsunami, making us fully realize what our parents and grandparents gelt during the great depression. We can not complacent. This is a period of crisis, and we see our politicians pushing these issues down the road as if they are oblivious to the problems at hand. What will shake them from their coma. The american economy is coding! Someone, bring the crash cart!Now is not the time for anything but the following: First and foremost, make permanent ALL Tax cuts which are about to expire, otherwise causing drastic Tax increases. Secondly, pass a budget that rolls back spending to 2008 Levels, except for Medicare, and Social Security. Begin the dismantling of all of the government sponsored enterprises, thus Sell off all of the elements of Fannie and Freddie as quickly as possible. This will immediately require the elements run in the private sector to be prudent. These elements will be just a start to solvency for our government. Danger, danger Will Robinson! Danger, Danger!

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