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#1
posted to rec.boats
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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. |
#2
posted to rec.boats
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OT Great article in Washington Post...
"John H" wrote in message ... ...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. No you're not just myopic. You're a freakin idiot. 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 So, all of a sudden you've decided to listen to the IMF. Sounds like a one-world gov't in the making to me. 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. |
#3
posted to rec.boats
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OT Great article in Washington Post...
On Jul 8, 1:54*pm, "nom=de=plume" wrote:
So, all of a sudden you've decided to listen to the IMF. Sounds like a one-world gov't in the making to me. Of course, D'Plume. To you, it is. |
#4
posted to rec.boats
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OT Great article in Washington Post...
"TopBassDog" wrote in message ... On Jul 8, 1:54 pm, "nom=de=plume" wrote: So, all of a sudden you've decided to listen to the IMF. Sounds like a one-world gov't in the making to me. Of course, D'Plume. To you, it is. Of course, you're a stalker and a moron. |
#5
posted to rec.boats
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OT Great article in Washington Post...
wrote in message ... On Thu, 8 Jul 2010 11:54:33 -0700, "nom=de=plume" wrote: "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 So, all of a sudden you've decided to listen to the IMF. Sounds like a one-world gov't in the making to me. IMF has to say that to us if they are going to have any credibility with Greece and the rest of the PIGS So, does that mean the right-wing should or shouldn't listen to them.... |
#7
posted to rec.boats
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OT Great article in Washington Post...
wrote in message ... On Thu, 8 Jul 2010 14:51:18 -0700, "nom=de=plume" wrote: wrote in message . .. On Thu, 8 Jul 2010 11:54:33 -0700, "nom=de=plume" wrote: "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 So, all of a sudden you've decided to listen to the IMF. Sounds like a one-world gov't in the making to me. IMF has to say that to us if they are going to have any credibility with Greece and the rest of the PIGS So, does that mean the right-wing should or shouldn't listen to them.... We are going to have to thread the needle between stimulating the economy and crashing it with runaway debt. It is a tipping point situation. Once we lose the confidence of the lenders, most of them in Europe, the end could come quickly. We are currently blessed with very low interest rates but that could change at the next treasury auction. The treasury has already indicated no change is likely. There's always a tipping point. The _point_ is that we can't cut back on spending in the middle of a nasty recession. That was tried and it failed. I listened to David Frum on NPR. He had an interesting take on inflation, basically saying that mild inflation would take a big bite out of the debt situation. http://www.frumforum.com/the-rising-threat-of-deflation http://www.frumforum.com/frum-inflation-has-merits An interesting perspective. |
#8
posted to rec.boats
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OT Great article in Washington Post...
On Thu, 8 Jul 2010 17:47:10 -0700, "nom=de=plume"
wrote: I listened to David Frum on NPR. He had an interesting take on inflation, basically saying that mild inflation would take a big bite out of the debt situation. It will also take a bite out of your life savings and fixed income if you have any. Inflation is a hidden tax on the thrifty. |
#9
posted to rec.boats
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OT Great article in Washington Post...
On Jul 8, 8:39*pm, Wayne.B wrote:
On Thu, 8 Jul 2010 17:47:10 -0700, "nom=de=plume" wrote: I listened to David Frum on NPR. He had an interesting take on inflation, basically saying that mild inflation would take a big bite out of the debt situation. It will also take a bite out of your life savings and fixed income if you have any. *Inflation is a hidden tax on the thrifty. As John H has previously stated in another thread: "She's not figured that out yet. " |
#10
posted to rec.boats
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OT Great article in Washington Post...
"Wayne.B" wrote in message ... On Thu, 8 Jul 2010 17:47:10 -0700, "nom=de=plume" wrote: I listened to David Frum on NPR. He had an interesting take on inflation, basically saying that mild inflation would take a big bite out of the debt situation. It will also take a bite out of your life savings and fixed income if you have any. Inflation is a hidden tax on the thrifty. Well... sure. It's an issue. It still seems better than deflation, which is his point. |
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