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FortWayne
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2011 Feb 27, 11:42pm
I saw this article in Bloomberg Businessweek magazine. It's title read something along the lines "Would you invest into a company that lost $2 trillion last year and is $44 trillion in debt?" followed by small font of "Yes we all know it's a country, not a company".
Â¥
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2011 Feb 28, 1:26am
I said it in the past and I’m saying it now, politicians do not have the will power to make the necessary sacrifices to save this Country. Hyperinflation is pretty much the only way this thing is going to end
Um, the fact that we're BORROWING dollars from people who can LEND them should tell you there's no inflation going on.
Weimar Germany hyperinflated because they were simply PRINTING papiermarks to pay STRIKING workers who were no longer working because French armies had seized the Ruhr.
What we're doing now is just trying to stay one step ahead of the bear.
The Federal deficit is going to be $1.6T this year.
$965B of that is defense sector, $600B more than 2001.
Health care was $400B, now it's $900B.
If we want to spend big we have to tax big. I fail to see why people are avoiding this. Nation of morons I guess.
Can't cut spending or the economy will crash.
Can't raise taxes or the economy will crash.
Thanks, Ralph.
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For the last 15 years, the federal budget deficit has grown an average of 300 billion dollars a year, the current proposed budget cuts of anywhere from 16 billion to 60 billion are a joke. The last budget from President Bush was 3.1 trillion dollars (which was on average 375 billion over budget), this year it's 3.7 trillion, so at least 975 billion would have to be trimmed to be even close to a balanced budget. I said it in the past and I'm saying it now, politicians do not have the will power to make the necessary sacrifices to save this Country. Hyperinflation is pretty much the only way this thing is going to end. Stock up on Gold now, cause you will not be able to buy even a loaf of bread with what's in your saving account when hyperinflation hits.
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