We Added $2.33 In Debt For Every $1.00 In GDP

Quote from denner:

Another aspect of this situation that you are probably overlooking is very simple, yet ultimately devestating. By "pinning" rates at artificially low levels, it actually encouraged MORE treasury borrowing (in a roundabout way, you think this is a good thing). Instead of actually making government spending MORE accountable, it does the reverse. Teaser rates to encourage more fiscal mismanagement, more misallocation, etc, etc...

All the while your complacency is simply astounding. You would make a very good bureaucrat (i.e. head up his ass, while ignoring the 800lb gorilla in the room).
More...

another good point... its like providing the junkie with subsidized drugs.
here we are subsidizing deficit spending of selfish spineless politicians with activities which debase the dollar.
 
Quote from jem:

And Krugman and Obama and the et leftists want to spend more.
An additional dollar gets no pop.

Ricter with due respect... you need to take this fact into your concepts of govt spending.


In Q2 America Added $2.33 In Debt For Every $1.00 In GDP
Submitted by Tyler Durden on 07/27/2012 - 10:11
Gross Domestic Product headlines Lehman
As noted before, courtesy of the GDP revision, all the kneejerk reactions in the past 3 years to various GDP headlines (preliminary, first and final revisions at that), were all for nothing. In fact, today's GDP number will be revised and re-revised in the next two months, then re-re-re-revised at the annual revisions in 2013, 2014 and 2015. In other words, the number after (and likely before) the decimal comma is irrelevant. One thing however stands, and that is the trendline change in actual GDP compared to the change in debt used to "buy" said GDP. Which is why we present our favorite chart showing how much more total federal debt was added per quarter over the GDP. Bottom line: in Q2, the US added $274.3 billion in debt while adding $117.6 billion in GDP (from the revised data: Q1 GDP of $15,478 billion rising to just $15,595 billion in Q2). Probably what is more indicative, is that in Q2 the delta change between debt and GDP rose from 2.28x in Q1. But that too is largely noise and will be revised. What won't be revised is that over the past two years, the US has added 2.42x more debt than it has added GDP.
http://www.zerohedge.com/news/q2-am...t-every-100-gdp
More...

Jem . . . . please tell us what Romney is going to do about this.
 
Your raise an important point... I know that there are enough republicans who will feel the wrath of the tea party... that I am 90 percent sure Romney will do far better.

This prediction is based on the fact I believe the Republicans will control that house and senate as well.

If he does not... I will get involved in politics for the sake of my kids.
I will start with a blog and some sort of grass roots movement.
 
Your raise an important point... I know that there are enough republicans who will feel the wrath of the tea party... that I am 90 percent sure Romney will do far better.

This prediction is based on the fact I believe the Republicans will control that house and senate as well.

If he does not... I will get involved in politics for the sake of my kids.
I will start with a blog and some sort of grass roots movement.

At worst...they can cap spending - cut taxes and grow the deficit closed as prescribed by Keynes as the proper way to do things.
 
Quote from Spiker:

Jem . . . . please tell us what Romney is going to do about this.
More...

He's going to increase military spending from the current 700 billion dollar a year level,start 1 or 2 major invade and occupy wars,make The Bush tax cuts permanent then lower taxes even more


While increasing military industrial complex spending and lowering government revenues he says he's going to lower the deficit ,and Republican voters believe him
 
<iframe width="560" height="315" src="http://www.youtube.com/embed/-wIfI2whjiM" frameborder="0" allowfullscreen></iframe>
 
You must log in or register to reply here.
Back
Top