Just recently read, the recession has ended, and the country has
returned to it's pre-recession level... for corporations.
They are making the profits they did before the recession.
It's just people who are still suffering. It's people who are
still in recession.
I was looking into the debt question, studying the rise in debt
and the historical rise in debt. What I looked for was periods
when the debt multiplied, doubled or tripled or more over a
relatively short period.
In the earlies days of this country I found severl periods where
the debt dropped so low it got near zero. Every single case was
shortly followed by the debt multiplying.
Other than that, say from 1850 on, the only times the debt
multiplied was in war or recession.
Now we have both.
Until we end the war and resolve the recession, for real, put
people back to work, we will not stop the growth in debt.
Just my analysis. Feel free to find some other answers.
BOB KLAHN
bob.klahn@sev.org http://home.toltbbs.com/bobklahn
... "the Bush administration saw the largest fiscal erosion in American history --- Via Silver Xpress V4.5/P [Reg]
* Origin: Doc's Place BBS Fido Since 1991 docsplace.tzo.com (1:123/140)