> > > The problem is that he doesn't know much about economics... > > It doesn't take a lot of economics knowledge to know that > when there's no more money in the checkbook there's only so > many checks you can write on borrowed funds until you have to > pay it back... > > We're all going to be paying for Bush's rewards to his > cronies for decades to come.
Further down in that article: "And federal debt has ballooned to $8.3 trillion, up from $5.6 trillion when Mr. Bush took office. Republicans are trying to raise the authorized debt ceiling to $9.6 trillion." That is, spend today to create the illusion of "all is well" while ballooning the problem and pushing it to next generations. It's not a new game at all, but nobody has played it like this before. What we do know is that this mentality has to go bust at some point. One wild card is the Chinese, who are holding a lot of this debt. That is, we are beholden to China to keep our economy stable. Bill > -- Kris > www.shamrocktrails.com > _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
