Image via Wikipedia2011 – THE YEAR OF CATCH-22 (Featured Article)
The United States and its leaders are stuck in their own Catch 22. They need the economy to improve in order to generate jobs, but the economy can only improve if people have jobs. They need the economy to recover in order to improve our deficit situation, but if the economy really recovers long term interest rates will increase, further depressing the housing market and increasing the interest expense burden for the US, therefore increasing the deficit. Read moreThis article is well worth the read, please take the time to do so, they draw on some very easy to understand examples that you do not need to be a lawyer or economist to understand.
Prepology
No comments:
Post a Comment