Mish's Global Economic Trend Analysis |
Time to Wave the White Flag on the "War on Poverty" Posted: 30 Mar 2013 06:38 PM PDT In response to Unwilling to Work; 25% in Hale County AL Collect Disability, 14 Million Nationwide; A Simple Solution I received some interesting emails from readers. Regardless of Insurance, Taxpayers Pay Reader Chris writes Hey Mish,Discussion on Radio Station KMJ I was on radio station KMJ in Fresno, California for 45 minutes on Friday discussing my post on disability. Mike, a disabled worker was kind enough to share his thoughts. Mike writes ... Hello MishTime to Wave the White Flag Reader Claudette, writes ... Hello MishThanks all. Yes, it is time to raise the white flag. Many of these programs are structured to keep people on disability rather than get them off disability. Reader mike shows the pressure on the few who really do not want to take advantage of the system. Mike "Mish" Shedlock http://globaleconomicanalysis.blogspot.com |
Beppe Grillo "We are the French Revolution Without the Guillotine" Posted: 30 Mar 2013 09:38 AM PDT With Beppe Grillo unwilling to form a coalition government, and with Prime former Prime Minister Silvio Berlusconi making demands that Bersani will not go along with, Italian President Giorgio Napolitano Considers Options. One of those options includes stepping down early so the next president can call elections. Under Italian law, an outgoing president is restricted. Napolitano's term ends mid-April. Napolitano, who met with lawmakers yesterday, may make an announcement today, the president's spokesman said late yesterday. Napolitano will continue talks with leaders in parliament and may consider resigning, daily La Repubblica reported today, without citing anyone.Poison Pill Silvio Berlusconi is willing to form a coalition but his price of admission is high. Berlusconi wants to shield himself from further lawsuits, and he wants new rules favorable to his PdL party. He also wants the PdL to name the next president. Grillo would never go along with such demand, and Bersani has thrice ruled out such a deal. The sane thing to do would be for Napolitano to step down so there could be early elections. If he goes the route of attempting to find a technocrat suitable to everyone, the odds of success will be very low, and the odds the election delayed until September, high. My main scenario remains No Working Government for 7 Months, Then Elections in September but an early resignation by Napolitano could alter the time line. Mike "Mish" Shedlock http://globaleconomicanalysis.blogspot.com |
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