3.08.2011

Great American Ponzi update

February budget deficit is largest monthly deficit in history, and much bigger than the entire year's deficit in 2007. If this is a recovery, why are we still running deficits at a Greece-like 10% of GDP, and why are the deficits still getting worse?

5 comments:

Anonymous said...

umm, these are the same students who see no problem with borrowing six figures but then shouting party foul over $136 cap and gown graduation fees you can lead horses to water all the live long doo dah day but I say, I say, I say, you can't make 'um drink, son.

-Foghorn Leghorn

Anonymous said...

one feeds upon the other if you get my drift - like a snake eating its own tail

Anonymous said...

one reason that they keep charging more is there seems to be no shortage of lemmings willing to sign up for crushing debt levels in an employment "lottery" where credentials are very heavily weighted. A few lucky (and talented - can't take that away from some of them) ones will land big positions and paychecks and many of their peers in Casino Land will shoot craps.... Viva, viva, Las Vegas.... uh, thank you, thank you very much....

Anonymous said...

bright light city gonna set my soul, gonna set my soul on fire

Anonymous said...

don't put me down as a prude here. If Vegas was good enough for The King (a fellow Mississippian) it's good enough for me BUT, we really shouldn't have people at high levels of power and influence creating a Casino like atmosphere out of serious subjects....right? I mean, these are supposed to be high minded and civically responsible individuals and are PAID large amounts of money to BE high minded and civically responsible....right? I mean, I AM a reprobate BUT at least I KNOW that I'm a reprobate and no one is paying me to change my tune.

Happy Super Tuesday!