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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: tejek who wrote (666327)8/9/2012 3:00:06 AM
From: Tenchusatsu  Read Replies (1) | Respond to of 1577466
 
Ted,
Double dip? One of these days you will be right........like most broken clocks.
Dude, parts of Europe is already in the double-dip.

We're still racking up trillion dollar deficits. The deficit itself represents 8% of the US GDP. Yet the GDP is only growing at an annualized rate of 1.5%.

Think about that for a second. 8% of the GDP is artificial money coming from a printing press. That can't last forever.

Road Walker called that the "credit card economy." Of course, that was when deficits were "only" $400 billion ... and under the control of the Republicans. Of course, he's now oddly silent now that the deficit is 3x as much ... and under the control of the Democrats.

Tenchusatsu