Qualcomm Incorporated (QCOM) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 178.29

-1.6%

Dec 12 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: peterk who wrote (138527)	7/12/2005 5:18:08 PM
From: Art Bechhoefer	Read Replies (3) of 152472

Why are twin deficits bad? That's easy. In the case of budget deficits, it means much larger debt service costs and much less spending on essential services like health and education (which is already happening). Eventually it means spending less on social security benefits (the logical outcome of the administration policies, but not supported by congressional members of either party). Most other countries that incurred such high budget deficits allowed inflation to increase at a fast pace, thereby reducing the cost of debt service (until no one would buy the debt, as happened in Argentina and Mexico). In the case of the current account deficit, the more that foreigners own and control the debt, the greater the risk to national security, and eventually the greater the cost of foreign made goods and services. This eventually reduces the standard of living for most people, including the middle class. Actually it's already happening, but to see it, you have to look not at the whole population but at segments arranged by income level. Art

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next