Wednesday, December 03, 2008

Have We, as a Nation, Lost Our Sanity?

The following chart would indicate that we have.



Essentially all of the so-called "growth" since the 1990 was in fact debt that was claimed to be growth! An analogy would be like an individual borrowing more and more money over a long period of time, spending it all, and then claiming to be "enjoying unprecedented prosperity." Insane, isn't it? But, it is so true.

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