Trouble for Dubya?
So, today’s news consists of:
Job numbers for September didn’t meet expectations. If you watched the debates, people (namely presidential candidates) apparently think the president can create jobs other than by hiring people, which is pretty much not the case in my opinion.
Largest dollar value deficit in history. People seem to think this affects something or another. Being a child in the 1980s, I’m still waiting for the bill to pay those back, which hasn’t come yet.
The US has reached its credit limit. Though somewhat related to the deficit, US debt has a market. People buy our bonds no matter what our deficit is. In fact, the debt even increased during our accounting trick err surplus years.
So, what happened to the party of fiscal responsibility?
October 15th, 2004 at 1:18 pm
Sheesh, didn’t we already go over this?
October 15th, 2004 at 5:00 pm
The US has reached its credit limit. Though somewhat related to the deficit, US debt has a market. People buy our bonds no matter what our deficit is.
umm, dude, they are refering to the total debt limit of the United States. As in the government is barred from borrowing more money until the Senate passes a law allowing for a higher debt ceiling.
October 15th, 2004 at 5:11 pm
I should have said US debt also has a market.
Do you think the bank is going to refuse to sell me a savings bond today?