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Entries in Xtranormal movie (1)

Wednesday
Feb162011

Gold price gives the lie to Xtranormal U.S. budget deficit

DateFebruary 16, 2011

As U.S. President Barack Obama and his "economic team" put the best spin possible on the $3.7 trillion budget submitted to Congress this week, the price of gold continues to give the lie to the idea that U.S. debt is somehow sustainable. That debt is now 14 times larger than it was back in 1980 when the B-52s and the Clash were duking it out on the then mp3-free airwaves. See the chart at left for a thumbnail view of U.S. debt from 1940 to the present. It ain't no Love Shack.

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AuthorNathan Rudyk | Comment1 Comment |
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