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Politics : Formerly About Advanced Micro Devices

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To: Tenchusatsu who wrote (477200)	5/4/2009 9:11:54 AM
From: Rarebird	Read Replies (1) of 1573703

<<Haven't you heard? We're going to "stimulate" ourselves out of this mess, i.e. grow our way into bigger government.>> The US would implode economically if this artificial "stimulus" were to be removed. Implosion would be inevitable if the federal budget deficit of $US 1.75 TRILLION was taken out of the $US 14.3 TRILLION GDP. If federal taxes were to be raised by that $US 1.75 TRILLION to balance the US budget, the added tax burden would bury the US economy. Whatever the Obama administration does, the US is looking at a deep recession/depression. It is being deferred but cannot be avoided. Meanwhile, the costs climb. The US is in a classic historical debt trap where government debts expand faster than the civil economy is growing.

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