Friday, August 05, 2011

Decade of Stimulus Yields Nothing but Debt

Decade of Stimulus Yields Nothing but Debt: Caroline Baum - Bloomberg
"Ten years and $8.35 trillion later, what do we have to show for this decade of deficit spending?
A glut of unoccupied homes, unemployment exceeding 9 percent, a stalled economy and a huge mountain of debt.
Real gross domestic product growth averaged 1.6 percent from the first quarter of 2001 through the second quarter of 2011."

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