Look at this damn thing:
That big red bar on the far right there looks like somebody turned on a spigot. Courtesy of SayAnythingBlog. I’ll be charitable here and allow that $800 billion or so of that is TARP money, which I agree was necessary. If you were looking to invest in a business and you saw the revenues take the dive that they do in 2009 while the spending goes through the roof, you would run screaming from the broker who is trying to get you to buy this pig. Jeez, the deficit is roughly equal to all of the tax revenue.
We cannot get out from under this any time soon and Unicorn One, along with Pelosi, will blow this thing up in 2010. I don’t care if Obama has suddenly discovered that he is using Monopoly money, this is unsustainable.
Tuesday, December 22, 2009
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