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Reply #2: We've already shot that arrow, we can't do so again for quite a while now. [View All]

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Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010)

MadHound

(1000+ posts) Send PM | Profile | Ignore

Tue Jan-22-08 09:19 AM
Response to Original message

2. We've already shot that arrow, we can't do so again for quite a while now.

That was part of what the Iraq/Afghan war was about, a big military stimulus package designed to help the folks at Lockheed and Haliburton. Trouble is, it put us into a trillion dollar hole, and we really can't do it again until we pay off some of that debt.

The macro is reflecting the micro, as individuals find themselves increasingly unable to buy due to their own personal credit problems, so the US is finding itself in the same hole. A lot of bills are thus coming due at once, and it will adversely effect us all.

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