So when does one stop spending and cut back? The U.S. national debt will soon reach 100% of GDP, the IMF predicts in a new report. The following graph shows the sharp rise in U.S. debt starting in around 2006. By 2015, the IMF suggests, debt could reach well over 100% of GDP. The IMF predicts that the U.S. would need to reduce its structural deficit by the equivalent of […]
When President Obama said, “what do you think a stimulus bill is?” I did not think it was to buy cocaine and get Monkeys high. I know there is monkey business in Washington but again, not this kind. I am a bit miffed that Monkeys are getting high on my dime. But that is what a stimulus bill is, a spending bill, for drugs and monkeys. So how many jobs? Well only 1 but not even a new job, an existing job … are those people HIGH?