http://bi30.info/2006/08/20/why-exactly-is-setting-a-deadline-in-iraq-a-bad-thinga-logical-exit-strategy-for-iraq-that-works/ Official weekly blog of the BI30 archive (bi30.org) Tue, 06 Jan 2009 08:00:55 +0000 http://wordpress.org/?v=2.2.1 http://bi30.info/2006/08/20/why-exactly-is-setting-a-deadline-in-iraq-a-bad-thinga-logical-exit-strategy-for-iraq-that-works/#comment-3 skeptic Sun, 27 Aug 2006 17:59:58 +0000 http://bi30.info/2006/08/20/why-exactly-is-setting-a-deadline-in-iraq-a-bad-thinga-logical-exit-strategy-for-iraq-that-works/#comment-3 The good news is that Dubya's not-so-excellent adventure is doomed by the fact that this regime has bankrupted the government with annual deficits of $3.5 trillion and a negative net worth in excess of $35 trillion (http://www.shadowstats.com). Of course, this fiscal recklessness began 40 years ago with nonsense like LBJ's "Great Society," "War on Poverty," ruinous Vietnam adventure, etc. and continued through successive regimes right up to the present. Now the Fed no longer reports M3 in order to hide from the public its massive liquidity pumping to buy time before the inevitable collapse. BTW, the bad news is that your savings and pension will be toast. This makes all the rhetoric about "saving Social Security" a complete joke! The good news is that Dubya’s not-so-excellent adventure is doomed by the fact that this regime has bankrupted the government with annual deficits of $3.5 trillion and a negative net worth in excess of $35 trillion (http://www.shadowstats.com). Of course, this fiscal recklessness began 40 years ago with nonsense like LBJ’s “Great Society,” “War on Poverty,” ruinous Vietnam adventure, etc. and continued through successive regimes right up to the present. Now the Fed no longer reports M3 in order to hide from the public its massive liquidity pumping to buy time before the inevitable collapse. BTW, the bad news is that your savings and pension will be toast. This makes all the rhetoric about “saving Social Security” a complete joke!

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