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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?


To: yoremopnhoj who wrote (2170)8/7/2006 12:03:27 PM
From: Nihontochicken  Read Replies (1) | Respond to of 50182
 
"Everything Slider says is right, if the Fed stops printing money."

See second chart on link below. "Steady as she goes."

nowandfutures.com

NC



To: yoremopnhoj who wrote (2170)8/20/2006 9:58:43 AM
From: Rarebird  Respond to of 50182
 
>>The problem they have is with government and consumer DEBT so high they must show a strong willingness to put the US in a painful recession and I do not believe they will do this.<<

Of course they won't do it. Will that get them the votes needed to get reelected? Now you know why the entire US political establishment needs to fake it:

"The federal government keeps two sets of books. The set the government promotes to the public has a healthier bottom line.... The audited financial statement — prepared by the Treasury Department — reveals a federal government in far worse financial shape than official budget reports indicate, a USA TODAY analysis found. The government has run a deficit of $2.9 trillion since 1997, according to the audited number. The official deficit since then is just $729 billion. The difference is equal to an entire year's worth of federal spending."

usatoday.com