SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?


To: Hope Praytochange who wrote (748466)8/31/2006 9:50:50 PM
From: DuckTapeSunroof  Read Replies (2) | Respond to of 769667
 
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!"