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pj67coll · #5 04-07-2011, 01:59 PM

Quote:

Originally Posted by Honus

Excellent question. The best answer I can give is that I have no idea. This is a confusing subject for me, plus you can't trust anything you read or hear these days.

On the other hand, I am pretty sure that Ryan's numbers have no basis in reality.

http://tpmdc.talkingpointsmemo.com/2011/04/paul-ryans-absurdly-optimistic-budget-projections-draw-widespread-ridicule.php?ref=fpb

That could well be true. On the face of the comments in the link you provided it sounds silly. Of coures Krugman is one of the authorities quoted and I dont think much of him. What I do know is that absent massive changes to the US economy the US will no longer be able to service it's debt sometime in my lifetime, which means that very serious changes need to occur. Ryan's plan may be unrealistic. The other crowd has so far shown no awareness of the disaster that awaits if they continue their present course. None of this bodes well for the US.

- Peter.