Wednesday, January 07, 2009

A Break From the Last Two Posts

Just how is it that we are going to run a $1.2 trillion deficit for the near term future?

http://www.nytimes.com/2009/01/08/business/economy/08deficit.html?_r=1&hp

5 comments:

Michael the Fed said...

Money, economics and karma are all kind of alike. They all even out in the end. Money=just print more and the deficit is paid for. Of course, the value of the currency goes way down and, in theory, values eventually catch up with the devalued currency.

Dave said...

Isn't that catch "down?"

Anonymous said...

I think we should just default. Seriously.

It would really hack of the Chinese, and nobody would lend us money ever again, but personally I'm fine with that.

fermicat said...

I don't know what to think about this. Good thing I'm not in charge...

Unknown said...

This is why the President and Congress working "toether" scares the poopity out of me.

Governmetn definitions -

Doing the peoples work = screwing you

We have a mandate = we're really going to screw you

Bipartisan = really screwed from both ends

The President and Congress worked together = OMG here comes a nuclear bomb of screwing.