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First recorded activity by BoatBanter: Aug 2008
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Default OT Great article in Washington Post...

....talks about the International Monetary Fund's assessment and how Europe
presents the greatest threat to global economic recovery. I see little
difference in how Europe got to where it is and where Obama is leading this
country. Maybe I'm just myopic.

http://tinyurl.com/2v54xku

The most strange part of the Post article is what is omitted.

"WASHINGTON — The International Monetary Fund is calling for the United States
to make a stronger effort to curb its budget deficits."

http://tinyurl.com/3yj8f3b

Further, "It noted that because of the recession and the government's spending
to battle the downturn, the amount of U.S. government debt held by the public
has almost doubled since 2007 and now stands at 64 percent of the economy as
measured by the gross domestic product, the highest level since 1950.

The IMF said it projected that under current government policies, that debt
burden would grow to 95 percent of GDP by 2020 and climb to 135 percent of GDP
by 2030."
--
John H

All decisions are the result of binary thinking.
 
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