Print Baby Print

"The Keynesians would take great umbrage at the idea that the government is left with no viable options at this point. The solution is clear to them – more stimulus. And this time around, no skimping! A paltry $800 billion isn’t even going to begin to get the job done. Rather, if two trillion dollars of freshly minted money is what it takes to kick the U.S. economy out of its swoon, then so be it. Hell, make it three if that’s what it takes – we can worry about the (inflationary) consequences later. Economists who look to someone other than Keynes for guidance, have other ideas – but not many. And, as per my comments above, none that would be even remotely palatable to the man on the street. That goes double for the politicians (of both parties), who rely on the proletariat to provide them with the votes that keep them in power and in porridge."
Source: Casey Research

What's Another 2 Trillion To The Great Grandchildren?

Was anybody surprised that we just mysteriously spent another $2 trillion. As my neighbor said last night, "we have now spent our great grandchildren's money!". There is no way for this to end pretty my friends.

The NY Times reports:
http://www.nytimes.com/2009/08/26/business/economy/26deficit.html?bl&ex=1251432000&en=7d1bba04578a733a&ei=5087%0A