Tony_Parker on 09 July 2009
@NJ5 : I agree on the fact more debt rarely gets you out of a problem created by debt. It's true for individuals and it's most likely true for states too...
What if Obama's plans succeed ? Well, we'll create new bubbles due to Zero rate policy, in stock market, or oil, or metals, or housing, anything could see its prices fly to the sky... Then we'll be back to the start when those new bubbles explode again, with deflation again, just with more debt.
