re: #133 sattv4u2

re: #110 Jetpilot1101

re: #100 lawhawk

Meanwhile, MSNBC wonders whether this is another Great Depression. Ummm.. when there’s Dust Bowls, crushing poverty, 30% unemployment, and no safety net for the unemployed or the aged, come back to me with a comparison that actually makes sense historically. Otherwise, what you have is just flat out hysteria.

Actually, this time around it’s worse and going to get a whole lot worse.

I’m praying you forgot the sarc tag! If not, please explain how “actually,,,,,,it’s worse,,,”

Here’s a few facts:
Total Federal Debt in 1933 - 360 Billion (2008 Dollars) 40% GDP
Total Federal Debt in 2008 - Just under 11 Trillion 70% GDP

Add to that approx 53 Trillion in unfunded mandates (social security, medicare etc.)

This translates into a 455,000 mortgage for every American household with nothing to back it up.

How are we going to pay for this when this country is based on consumerism as opposed to manufacturing as it was in 1933?

No country in their right mind is going to lend us money.

Summary, we’re f—-ed.

Email me if you would like my sources.