The title question, and the Help Recovery pie chatrs, are all utter nonsense. They are like the crew of the Titanic arguing about which holes to plug after the darn ship is half way to the bottom.American got to today desperate situation because its policy makers and population at large have recklessly over-spent and over-debt. They have done so despite numerous warnings. They have done so believing the debt and deficits don't matter' nonsense. They have torpedoed 6 holes into the ship and now arguing how to recover should we have blown only one hole, or should we blow 2 and bucket out 1 hole worth of water? In a silly attempt to find that right balance' between sinking and floating when the ship is 1000 feet below. The national debt is already $15 trillion and will pile up at a rate of $1.5 $2 trillion per year for 5 to 10 years. So that total federal debt by 2020 will be at least $22 trillion, and even $25 trillion. This is just be federal debt! Double for all debts. As Jim Rogers, said repeatedly, the USA is not only the biggest debtor country in the world, it is the biggest in the history of the world. Where is money for spending or stimulus? Even that body of free money, the Federal Reserve, has ran out of paper to print. These talks of recovery' is like the captain of Titanic talk of reaching NY by the morning. The only way out is massive cut of spending. At all levels, across the board, to everybody. Yes, tax hike across the board. And yes, even sell off of national assets. To pay down the debt and to start saving for real investment and the rainy days'. Depression, even revolution, is the price to pay for allowing such extreme national systemic corruption of policy and financial culture. Don't think it can happen? It has happened to every country that has committed this level of error.

by Islaam 04:55:56 PM 2013.01.26