"J. Clarke" wrote:
In article , cayoung61
says...
Might help with the economic depression, too?
Not necessarily. The New Deal worked mostly because while just about
everybody in the country was broke, the government was solvent. This
time the government's as broke as the rest of us.
Not true. The ratio of federal govt debt to
private debt was the same in 2008 as it was
at the beginning of the great depression.
http://static.seekingalpha.com/uploa...hael-Clark.png