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Fears and Failure Paul Krugman

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Post by JaneWI Sun May 15, 2011 6:55 pm


"From G.D.P. to private-sector payrolls, from business surveys to new claims for unemployment insurance, key economic indicators suggest that the recovery may be sputtering."

http://www.nytimes.com/2011/05/06/opinion/06krugman.html?_r=2&partner=rssnyt&emc=rss
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Post by truth Sun May 15, 2011 9:59 pm

The deficit hawk fear mongers tell us that we're borrowing all that money from China, and some day soon they will want their money presumably in cash. To whom do we really owe the bulk of that debt? Ourselves! http://www.cnbc.com/id/29880401/The_Biggest_Holders_of_US_Government_Debt?slide=16

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Post by truth Sun May 15, 2011 11:49 pm

Also, what are the primary causes of the present and future debt? It sure looks to me like policies of the GW Bush years are a huge factor.

http://www.cbpp.org/cms/index.cfm?fa=view&id=3036

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Post by truth Sun May 15, 2011 11:59 pm

Here's how slashing government spending is working in England.

http://www.dailyfx.com/forex/market_alert/2011/03/29/UK_GDP_Declines.html

Apparently a "less that expected" decline is good news. Tell that to the 330,000 soon to be jobless.

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