Saturday, December 18, 2004
Bush's economic "vision"
|This falls waaay into the "just not right" category.
Let's see - we have "this much" coming in, we have 2X "this much" going out, so we borrow. Got it. But "we" are really really big, as in the US government and the interest rates aren't going to be affected? C'mon guys, this is basic economics, if something becomes scarce, it's going to cost more. Money to borrow will become scarce. Don't care? Well you better have your house re-financed already and you better hope that your friends and family already own houses, because they won't be able to afford the interest rates in a couple years. Dang.