To put things into perspective..
Now with this new open-ended QE3 we'll be roughly spending in 1 year (dished out monthly) what we spent in 11 years on the Afghanistan war.
I agree that our debt isnt an overnight phenomenon, but we are now pushing things into uncharted territory.
More stimulus does not work.... it only further delays the inevitable crash which will now come at an even larger expense to the working class.
You cannot put a fire out by dumping more gasoline on it...that is a fact. It'll only get bigger, out of control.. and burn everyone. Unfortunately we've passed that.. now we are throwing propane tanks into the fire. Who knows what it'll look like as a result.
Now with this new open-ended QE3 we'll be roughly spending in 1 year (dished out monthly) what we spent in 11 years on the Afghanistan war.
I agree that our debt isnt an overnight phenomenon, but we are now pushing things into uncharted territory.
More stimulus does not work.... it only further delays the inevitable crash which will now come at an even larger expense to the working class.
You cannot put a fire out by dumping more gasoline on it...that is a fact. It'll only get bigger, out of control.. and burn everyone. Unfortunately we've passed that.. now we are throwing propane tanks into the fire. Who knows what it'll look like as a result.
