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To: Real Man who wrote (386848)	5/22/2009 8:26:35 AM
From: Giordano Bruno	2 Recommendations Read Replies (1) \| Respond to of 436258

Timmy's gonna fix it -g- Shortly after S&P put the sovereign debt of the United Kingdom on credit watch, downgrading its outlook from “stable” to “negative”, Treasury Secretary Geithner said the Administration was committed to keeping America from facing a similar problem. “It’s very important that this Congress and this president put in place policies that will bring those deficits down to a sustainable level over the medium term,” Geithner told Bloomberg. He added that government’s goal was to bring national debt as a percentage of GDP to 3% from a number that will be close to 13% this year. In a country with a GDP of over $14 trillion, hoping for that level of change is preposterous.

To: Real Man who wrote (386848)	5/22/2009 8:52:21 AM
From: Giordano Bruno	Read Replies (2) \| Respond to of 436258

According to syndicated columnist Robert J. Samuelson’s May 18 article in The Advocate, “By 2019, the ratio of publicly held federal debt to gross domestic product (GDP, or the economy) would reach 70 percent, up from 41 percent in 2008.” The article also said, “The Congressional Budget Office, using less-optimistic economic forecasts, raises these estimates. The 2010-19 deficits would total $9.3 trillion; the debt-to-GDP ratio in 2019 would be 82 percent.” 2theadvocate.com