Re: revised Second-Quarter GDP number.
Yep.... I know.
(Don't expect that number to roll forward, though... given the popping of the housing bubble, and the effect it will have on consumption.)
40% odds of recession in 2007 now, and climbing....
And still, we've got this to deal with:
"...the national debt, which is up $65 billion in the first 19 days of this month! That's $3.4 billion per day! More than $10 for every man, woman and child in America, per freaking day! So, a family of four (Mogambo, wife, and two hateful, juvenile-delinquent children) is going to have to pay off a government debt that is growing by another $40 a day, every day."
"And since only about a quarter of the nation's men, women and children pay taxes, then the additional debt piled onto a tax-paying family of four is $160 per day!" |
