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A Man of Wealth and Taste
Join Date: Dec 2002
Location: Out there somewhere beyond the doors of perception
Posts: 51,063
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Figure it out the govt is borrowing 1T/4.25T ..or about 25% of what it spends. To bring spending into line with revenue that 1T would have to be cut...exactly what would happen to the economy if suddenly that Trillion wouldn't be cycled through the economy? That is about a 5% haircut in GDP.
Would you still be having 2.3% growth..
Then there is the effect of monetary manipulation on the economy, which is inestimable?
The powers that be want to keep the illusion of a prosperous America alive because they do not want to spook the Sheep. Yet the Sheep in their guts feel something is wrong.
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