Thursday, April 16, 2009

Borrowing Our Way to Oblivion

Asian Badger reposts an excellent delta graph from Denninger.

In brief, the efficacy of Federal borrowing to leverage economic activity is declining rapidly, and has been declining since 1966 (!!)

The Obama plan (and the Doyle plan, mutatis mutandis) are going in the same direction--more debt--with Doyle's plan adding taxes to slightly ameliorate the debt-acquisition splurge.

What that means is that by living in Wisconsin we get to Hell a little faster than some other States will.

That's "leadership" from Doyle and the Dems!!

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