Wednesday, March 6, 2013

THE PROBLEM WITH ECONOMIC NUMBERS...

THE PROBLEM WITH ECONOMIC NUMBERS IS THAT THEY PROJECT THE PRESENT INTO THE FUTURE....NO MATTER HOW IRRATIONAL THESE PRESENT ASSUMPTIONS ARE...

CONSIDER:

1.  INTEREST RATES WILL STAY AT ZERO FOR THE NEXT 10 YEARS...?

2.  AMERICAN WAGES CAN ONLY GO LOWER...?

3.   MEDICARE AND MEDICAID WILL NEVER BE REPLACED WITH SINGLE PAYER...?

4.   AMERICA CAN AFFORD TO SPEND A HALF TRILLION A YEAR ON WAR AND WEAPONS...EVEN IF NO ONE ELSE DOES AND THERE ARE NO LARGE WARS IN SIGHT....?

5.   MITT ROMNEY IS "ENTITLED" TO GET MEDICARE...?

6.    PRINTING MONEY HAS NO CONSEQUENCES ...BECAUSE NOTHING HAS HAPPEN SO FAR...

7.   YOU CAN INFLATE AWAY THE DEBT...AND MAKE ASSETS SOAR WITH PRINTED MONEY...BUT GAS PRICES WILL NOT GO UP....?

8.   TEABAGGERS REALLY DON'T WANT OR NEED SOCIAL SECURITY...  AND  WILL GLADLY GIVE IT UP IF THEY THINK IT WILL PUNISH: "THE BLACKS"...

9.   THE FED CAN SUPPORT WALL STREET FOREVER...?

10.  CHINA WILL SUPPORT US...FOREVER.