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The New DU. Reply #5: Hmm... I wonder if we'll see a significant shift.
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David__77
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Tue Jun-15-04 04:38 PM
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| 5. Hmm... I wonder if we'll see a significant shift. |
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The truth is that the cost of this aggression and occupation WILL catch up with the economy. Despite the best hopes of the "supply-siders," the technological production gains of the 1990s are being rapidly used up as a means of papering over the crisis. The greatly increased federal AND private debt, coupled with a rapid expansion of federal spending (of the type now operative) will means bad things around the corner. Inflation--high inflation--is a real possibility. The sands are shifting beneath the world economy.
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