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Strategies & Market Trends : The Residential Real Estate Post-Crash Index-Moderated

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To: bentway who wrote (36200)8/20/2011 11:45:30 PM
From: The Reaper6 Recommendations  Read Replies (2) of 119360
 
The Tea Party wants to pay off the mortgage in one year

The Tea Party wants to balance the budget, pure and simple. What is so hard to understand about that?

Don't think that a balanced budget works in the worldwide environment today? Look at Chile. By law, the government must run a surplus of at least 1% of GDP every year. Chile has averaged GDP growth of 5-7% for the past several years and 8%+ annualized in the first six months of this year. Barry and Congress along with Bernanke should be taking vacations down there to see how the groundwork was laid for such an outcome. Oh and they're doing it even with importing the oil they need.
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