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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Galirayo who wrote (201917)5/13/2009 1:10:48 AM
From: Skeeter BugRead Replies (1) of 306849
 
>>The administration on Monday revised its federal deficit forecasts upward to project an imbalance this year of $1.84 trillion, four times last year's record, and said the deficits will remain above $500 billion every year over the next decade.<<

and this *assumes* rosy scenario shows up.

rosy scenario is bankrupt.

get ready for a minimum of $1 trillion new money printed every year going forward - and I expect that number to go up fairly rapidly after a year or two.

these idiots in washington have no restraint whatsoever.

oh, and i bet obama is smiling and telling jokes even when unemployment and underemployment is approaching 25% and people are starving to death in the streets b/c crime won't even pay.
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