ChrisGraley (31.75)

ChrisGraley's CAPS Blog

Just kill any glimmer of hope for this country that I have!

Recs

11

Report

February 01, 2010 – Comments (4) | RELATED TICKERS: AM , CRIS

Talk about bursting someone's bubble! This excerpt is from the LA Times of all places!

I was reading it as the normal biased leftist drivel patting the President/liberal sock puppet for his 2011 budget when I came to this quote...

Is the deficit too large?

Many economists consider deficits in excess of 3% of a nation's annual economic output (gross domestic product) as unsustainable. The United States' $1.56-trillion deficit this fiscal year is estimated at 10.6% of its GDP. The White House forecasts the deficit to stay above 3% of GDP for the rest of this decade. So by traditional economic measures, the present deficits are much too large to sustain.

This is from the LA Times!!!!

The decade just started!!!!

That's it!!! I can't cope with this anymore tonight!!!

I'm going to try to find a National Geographic special on TV about sheep being led to slaughter. They have more common sense than the average voter.

Link Here

4 Comments – Post Your Own

#1) On February 01, 2010 at 8:34 PM, ozzfan1317 (79.25) wrote:

It was as high as 80% during the great depression and WWII not saying it doesnt need to be improved but much more concerned about the 2 trillion in Infrastructure our country needs.

Report this comment

#2) On February 01, 2010 at 8:42 PM, ChrisGraley (31.75) wrote:

Not the National debt ozzfan, this is the budget deficit.

This is what we are piling on to the National debt.

Report this comment

#3) On February 01, 2010 at 8:44 PM, globalsailor (37.08) wrote:

All right Graley, here's my question then.

Why is anyone still considering US stocks?

While my CAPS stocks are heavily correlated with one another I only have one American stock long. I went long Southwest Airlines because I LUV the 50-70% cheaper tickets as well as hate its near bankrupt competitors. To me, it's the perfect growth storm. (Sorry about the pun)

The last two presidents have done an awful job of keeping any semblance of a budget going.

Are we also sheep being led to the slaughter?

Report this comment

#4) On February 01, 2010 at 9:23 PM, ChrisGraley (31.75) wrote:

#3) On February 01, 2010 at 8:44 PM, globalsailor (76.79) wrote:

Why is anyone still considering US stocks?

Timing is everything and our current market is being supported by inflation.

I have very little invested in the market and I'm mostly invested in Silver.

The last two presidents have done an awful job of keeping any semblance of a budget going.

I'd say the last 3 presidents! Clinton made his budget look better, buy purchasing debt with the social security surplus. I'm really wondering how his discussions with Al Gore went on this choice of action.

Are we also sheep being led to the slaughter?

We are sheep that are happy living in the slaughterhouse wondering where are friends went. The best hope for the country is to stop sending the postcards to our kids telling them how great it is.

Report this comment