You have got to be a fool to believe this recession is over and the US economy will return to robust growth. The US govt. is spending money far in excess of tax revenues. Printing money we dont have. Additionally, the govt. has no way of paying for future Social Security and Medicare payments it has promised. Higher taxes are inevitable, which will depress business activity further. Hyperinflation is not too far away either, given the huge increase in money supply.
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31/08/2011 at 9:48 am Permalink
very soon!
31/08/2011 at 8:55 pm Permalink
You have got to be a fool to believe this recession is over and the US economy will return to robust growth. The US govt. is spending money far in excess of tax revenues. Printing money we dont have. Additionally, the govt. has no way of paying for future Social Security and Medicare payments it has promised. Higher taxes are inevitable, which will depress business activity further. Hyperinflation is not too far away either, given the huge increase in money supply.