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07-01-2010, 12:01 AM #1Senior Member
Debt as % of GDP Hits Post WW2 High
from what I understand Timmy and Barry want to keep on charging that charge card until we pull out of this crappy economy and then start paying it off. I think the rest of the world said f' that, and that is why the market was tanking.
i'm no expert but it seems to me that balancing the budget was the greatest stimulus we had ever seen for the ecomomy and the stock market back in the '90's when they finally did it. I say we give that a another day in court and see how the markets like it. :twocents:boaz Reviewed by boaz on . Debt as % of GDP Hits Post WW2 High From The Congressional Budget Office CBO says debt will reach 62 percent of GDP by year's end - The Hill's Blog Briefing Room This falls SQUARELY on the shoulders of the Democrats and their four year SPENDING SPREE. Thanks to falling revenues from an economy showing NO signs of significant growth and runaway federal expansion, US debt compared to GDP will rise to a high not seen since the US vanquished Japan & Nazi Germany 65 years ago. Thats an added growth in spending of about a Rating: 5
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