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Moon Kil Woong is a
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Short term debt spending is a problem but much more parasitic is long term endemic spending. As the public sector becomes a greater and greater part of our economy even if the government can pay debt through taxes there is something seriously wrong if the public sector accounts for over 10% of GDP.
Jan 09 11:33 am
|Rating:
+1
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All Comments by Moon Kil Woong »More Debt, Less Filling [View article]
Are we on our way to becoming like Russia,China, or India? Whenever we think the government spending is short term we always find out we are badly mistaken. Wasn't Iraq and Afghanistan suppose to be a sort term cost? Wasn't TARP suppose to solve everything. TARP like spending is looking to be here every year until 2012.
According to doomsayers that's when the world ends lol...