Comments on: Automatic Deficit Reduction?

By: Deon Woode

Deon Woode — Tue, 28 Jun 2011 07:43:53 +0000

While I can appreciate the points in Automatic Deficit Reduction? « Chris Penningroth’s Weltanschauung, I am tired and sick of hearing about the “US economic recovery”. The US government borrowed and spent $6.1T over the past four years to obtain a cumulative $700 billion rise in the country’s Gross domestic product. That means we’ve borrowed and spent $8.70 for every $1 of nominal “growth” in GDP. In constant dollars, GDP is flat, we have no “growth” at all for the $6.1 trillion. In constant dollars, the GDP in 2011 might get back to the 2007 level, if the US economy continues “growing” at the same pace reached inside the first ninety days of 2011. If not, then the Gross Domestic Product will actually be lower than before recession levels. There is no economic recovery, the facts prove it.

By: savings bond calculator

savings bond calculator — Mon, 23 Aug 2010 19:17:54 +0000

A savings bonds calculator will show you the current value of your savings bond. They’re available online.
[Thanks for the comment--since your comment was related to the subject I'm going to keep it but this does not constitute the author's endorsement of KidsBonds.com's product--Chris]

By: Rubin Vogle

Rubin Vogle — Tue, 03 Aug 2010 21:28:32 +0000

I don’t think we can say the economy has truly turned around until we see jobs coming back.

By: Burton Haynes

Burton Haynes — Wed, 24 Feb 2010 05:41:19 +0000

awesome info about investing

By: florida insurance adjuster

florida insurance adjuster — Sun, 21 Feb 2010 20:28:12 +0000

What I want to know is what the “professional investment managers” are telling their retired customers to do about their retirement income? What is being said to retirees that hold these bonds? What will the federal gov do if these start to fail? Bail them out through inflation?

By: avmed

avmed — Sun, 21 Feb 2010 19:19:21 +0000

that’s the question, inflation or deflation, right? I vote deflation. We’ve just seen the biggest inflation of our lifetimes, and the correction is consuming our phantom money supply for years to come. We should ask a Japanese suburban apartment owner who bought around ’90 to chime in and tell us the score, but, of course, we wouldn’t listen, because, this time, it’s different.