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10 Dec 12
Originally posted by Eladarmaybe germany will come up with a new 'marshall plan' and bail you guys (and us) out.
It looks like we will continue to see deficit spending from this point forward, and to tell you the truth I'm OK with it. My question is how far can it go?
If it can go on forever, then that's great. If there is a tipping point, then when will it happen?
10 Dec 12
Originally posted by EladarThat's hard to say because investors are so irrational and unpredictable. The example of Japan shows that you can accumulate huge debt, while still having investors have confidence in you.
It looks like we will continue to see deficit spending from this point forward, and to tell you the truth I'm OK with it. My question is how far can it go?
If it can go on forever, then that's great. If there is a tipping point, then when will it happen?
I would expect the deficit to be roughly around the 5% mark at the end of Obama's second term.