OMS, what happened after the 4 year clinton surpluses;
As the government drained money out of the economy via surpluses- excess taxation over expenditure, that is, removed money from the economy- Americans had to fund their existing/growing lifestyles by another means, debt. This was the beginning of the credit boom and we all know what happened after that.
Look at a history of American government surplus periods and take a look at what happened a year or two later EVERY SINGLE time, and I tell ya, it ain't pretty.. While your at it take a look at the same thing for Australia and tell me if you still think a budget surplus is what our government(s) should be hell bent on achieving right now..
- Forums
- General
- wow that is amazing
wow that is amazing, page-29
Featured News
Featured News
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, CEO
Anthony Noble
CEO
SPONSORED BY The Market Online