Mrcauser’s Weblog

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Some people agreeing with me …….

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Are scary.

However, he forgets the trillions my generation will add to the deficit. 

Medical alone destroys our children. In order to pay Patti and I $1800 a month would take half my son’s income.

My daughters would have to pay her uncles. As for medical?

His theses is that deficits worldwide will grow and be untenable under projections for the foreseeable future.

He’s an optimist.

You can see why I believe no oil producing country is safe. We need immigration and a lot of energy to support all these voters. We need to reinflate the bubble to save those sorry assed shit heads in Washington.

Or continue begging China for our money back.

Read the whole article:

oftwominds

2. Global savings are not infinite. The U.S. comprises about a quarter of the global economy as measured by GDP; by at least some measures, for the U.S. Treasury to borrow $2 trillion a year then a significant percentage of total global savings must be diverted to Treasuries.

Recall that virtually every other government on the planet is also busy selling trillions of dollars of their own debt to fund their own deficit spending, and that private debt for new mortgages, corporate debt, etc. sucks up additional funds. It’s not hard to foresee a point at which newly issued debt exceeds the available savings/surplus capital.

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Written by mrcauser

March 11, 2009 at 6:43 pm

Posted in Uncategorized

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