Stimulus Uber Alles
James Poulos ·
Jun 7, 2010 at 7:27am
Ready for grim news? It's Reason's Peter Suderman:
The CBO expects gross central government debt to hit 94 percent this year. And it's expected to keep growing, too. This morning, Bloomberg is reporting that total debt could could hit 100 percent of GDP by 2012, according to IMF figures. Maybe we all get some sort of award when we finally owe more than we produce in a year?
At the rate the rest of the world is going, we're still more likely than not to be, relatively speaking, on top -- a stroke of fortune we would do well not to squander.
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