Comments on: Federal Deficit for November: $164.4 Billion

By: Barry

Barry — Thu, 11 Dec 2008 14:54:54 +0000

mike:
"I agree that the Bush years have been pretty bad with spending considering the prescription drug plan, and pork upon pork but the trend goes back much further - if in trouble call on the gov't - this seems very western european of us."

It's pretty much a Reagan-Bush II thing, and quite deliberate.

By: odograph

odograph — Thu, 11 Dec 2008 14:10:10 +0000

Worth reading: SEC’s Chair’s Bailout Bull$%&t

By: mike

mike — Thu, 11 Dec 2008 12:03:10 +0000

I agree that the Bush years have been pretty bad with spending considering the prescription drug plan, and pork upon pork but the trend goes back much further - if in trouble call on the gov't - this seems very western european of us.

By: anjin-san

anjin-san — Thu, 11 Dec 2008 01:09:17 +0000

Gosh the Bush years have been swell!

By: mike

mike — Thu, 11 Dec 2008 00:50:16 +0000

Are there any economic/fiscal conservatives alive? Is there such a thing? Can we perhaps have them run for office?

By: odograph

odograph — Thu, 11 Dec 2008 00:17:10 +0000

Well, the Great Depression references keep on popping up. The ZIRP is in effect and investors still prefer Treasuries. That won't make inflation ... anytime soon. There is of course the reasonable fear that it might "flip" at some point ... but that's on the other side.

See you on the other side.

By: Wayne

Wayne — Wed, 10 Dec 2008 23:47:45 +0000

What will we get out of it? Massive inflation