Paying For Iraq
Here's one reason why the stock market must rise -- regardless of what that means for the present and future cost of food, gas, clothing, tuition, the dentist, etc.
Are you watching this chart?
Are you watching this chart?
posted by The Cunning Realist at Wednesday, April 18, 2007
8 Comments:
ah... theyve let the 82 break...
http://www.financialsense.com/fsu/editorials/oroborean/2007/0417.html
This post has me completely confused. The Bush tax cuts are more than twice as large as the Iraq War costs. Therefore, the tax cuts are the primary factor in the size of the deficits. Beyond that, without a whole lot of deference to the late Milton Friedman's theories, these days our trade deficits are larger and more problematic for the dollar and living standards than our government deficits. The stock market must go up? Do you mean it must go up nominally because the dollar is going down? Well there's something to that but surely you are not suggesting because the shakers and movers in the stock market need it to go up, that therefore it will go up in real terms.
oh please let me run up trillions in debt and i'll build you the world's foremost superpower out of nothing...'all good hats are made out of nothing' [wilde]
I read you all the time, and I have some undergrad econ background, but I don't understand the chart. Could you revisit this and explain the connection between these two links a little more, for the slow people?
Thanks.
The thing you're saying is a terrible mistake.
I absolutely agree with your post.
I found a great deal of worthwhile data here!
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