Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: ChinuSFO who wrote (36138)	10/2/2008 12:06:48 PM
From: koan	Read Replies (1) \| Respond to of 149317

Right on Chinu! The big picture as I see it: I see a huge depression coming. And eventually the dollar will go into freefall. We are paying 500 billion a year right now in interest on our debt. If we go into a depression where will the revenues come from to fund our budget? I could see a multi trillion dollar deficit over the next few years trying to pay the interest on the debt, funding two wars, taking care of the baby boomers and trying to stimulate the economy, rebuild our military, infrastructure and supporting our industry e.g. car manufacurers and fiscal stimulation to keep us out of a Japanese like deflation. Put simply, history will show Bush and the Reublican party did so much damage to our economy it will take decades to repair and we may see a collapse of the dollar and hyper inflation in the meantime. And Bush and the Republicans sure a hell robbed our children and grandchildren.