The focus of the blog is on the economic and financial uncertainties that the world economies will face over the next five years along with demonstrating how investors can profit and survive during the upcoming manipulated economic chaos. Please keep-in-mind that I don't provide investment advice. I am simply posting what my investment views of the market happen to be. Your investment decisions are solely your own responsibility.
Thursday, May 05, 2011
Pick Your Poison
While the White House claims its budget plan will cut $4.2 trillion in spending, and the Republicans claim a $5.8 trillion reduction, neither proposal cuts anything from the national debt. In fact, both plans increase it from $14.3 trillion to at least $23 trillion by 2021, some 10 years from now, or the national debt will grow at a 4.87% compounded growth rate. With such a growth rate, the national debt will double from $14.3 trillion in 14 years! This is not acceptable. Both parties still do not get it.
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