Too much of GDP is supported by deficit spending

[GeezerMan]

It's a jobless recovery because deficit spending supports the GDP. I guess we better find some space aliens to buy some bonds

http://market-ticker.org/akcs-www?post=180855

"What have I been saying? That the only thing keeping us from recognizing a full-on economic depression was government deficit spending? Spending that, at present levels, cannot possibly continue."

 

[bamacre]

When the debt bubble collapses we are in serious trouble.

 

[wuliheron]

When the debt bubble collapses we are in serious trouble.

We just do what the banks did and demand to be bailed out.

 

[Rebel44]

We just do what the banks did and demand to be bailed out.

Nobody has enough money to bail out USA.....

 

[OCGuy]

It's really sad what we are doing actually.

 

[her209]

It's really sad what we are doing actually.

What!? This can't be. We're the greatest nation on Earth!

 

[wuliheron]

Nobody has enough money to bail out USA.....

Wrong! China and Japan alone could bail us out. Of course, if they don't we an always encourage someone to start the next world war. It's excellent for business and tends to destroy the manufacturing ability of your competition.

 

[Vette73]

What!? This can't be. We're the greatest nation on Earth!

America fuuuuck YEA!!!

Freedom Fries!!!

Reagan!!!



ARRRGGHHH!!!!!

 

[OCGuy]

Wrong! China and Japan alone could bail us out. Of course, if they don't we an always encourage someone to start the next world war. It's excellent for business and tends to destroy the manufacturing ability of your competition.

Not even close......

 

[Elias824]

Wrong! China and Japan alone could bail us out. Of course, if they don't we an always encourage someone to start the next world war. It's excellent for business and tends to destroy the manufacturing ability of your competition.

Even combined the GDP of china and Japan is only about 12Trillion. Japan is also loaded with debt already from all their defect spending in the 90s, something like 200 debt to GDP. The EU could barely get a bailout for Greece that was something like 2% of the EU's gdp. No one is going to give us a bail out.

 

[Elias824]

Who else misses the cold war?

 

[wuliheron]

Even combined the GDP of china and Japan is only about 12Trillion. Japan is also loaded with debt already from all their defect spending in the 90s, something like 200 debt to GDP. The EU could barely get a bailout for Greece that was something like 2% of the EU's gdp. No one is going to give us a bail out.

We don't need all their money, just enough to keep us afloat. If they can't, then war it is.

 

[her209]

Who else misses the cold war?

Based on the defense spending budget, its never ended.

 

[OCGuy]

Who else misses the cold war?

The "cold war" never really stopped...