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: RetiredNow who wrote (128237)	12/1/2012 12:51:40 PM
From: tejek	Read Replies (1) \| Respond to of 149317

In fact, government deficits are extremely high, at unsustainable levels, as can been seen in the following chart that portrays government deficits in percentage of GDP. Note that the figures for 2012 are what governments wish for. Sorry, MM but this point doesn't frigging matter. Its an ancillary issue to what was front and center in 2008. The Wall Street and banker types aka Republicans had screwed the pooch and thrown the world into a significant downward economic spiral. Under a wise and competent president, the US chose stimulus; the UK and Europe chose austerity. Now the US is slowly recovering while the UK and Europe are mired in a never ending recession. BTW the UK saw some lift from the stimulant Olympic games in London last summer so is considering doing more stimulus...........they wingers in the UK may finally be coming to their senses. Only ideologues like yourself can not see the truth for what it is. Sorry.