Reply #25: Deficits , deficits, deficits... [View All]

We have an artificially inflated stock market today that doesn't reflect the reality of the true economy.
Multi-billion dollar trade deficits means we are buying more than we are exporting.
American dollars are losing value in the world market and the Federal Reserve keeps printing new money, which waters down the value of the dollar. Runaway-inflation will soon follow and then the Fed will tighten money supply causing high interest rates and a new recession.

If we don't do something about the rising government deficit, by raising taxes or cuts in spending, or both, the recession will be long and painful.
Remember Reagan's Recession?
Dubyas trying to out-do him in every way.
He already has Hoover's jobs record.
Now he wants to bankrupt the Federal Government.
There's a distinction no other president can claim.