Further education for McKelvy

[Schizoid Man]

You've (yet) again exemplified your neolithic incompetence and feeble grasp
of contemporary economics and finance, and have not replied to any of my
posts with substantive rebuttals.

Instead, you have resorted to crude vernacular and crass expletives, that
illustrate your lack of sophistication and finesse. I am tired of your
pontificating, one-sided lessons on history and economic theory.

For your benefit, I have included an excerpt of a Yahoo news article, and a
link to the entire piece. Please feel to peruse it at your leisure.


----- Start of excerpt -------

WASHINGTON - Uncontrolled U.S. budget deficits would pose a serious threat
to global prosperity in coming years as rising interest rates depress
economic growth in the United States and around the world, the International
Monetary Fund (news - web sites) warned Wednesday.

The IMF released a new analysis that predicted if nothing is done to get
control of the soaring U.S. deficits, it would shave global economic output
by 4.2 percent by 2020 and reduce U.S. economic growth by 3.7 percent during
the same period.

----- End of excerpt -------

http://news.yahoo.com/news?tmpl=story&cid=509&u=/ap/20040414/ap_on_bi_ge/deficit_impacts_1&printer=1

[Michael McKelvy]

"Schizoid Man" > wrote in message
...
> You've (yet) again exemplified your neolithic incompetence and feeble
grasp
> of contemporary economics and finance, and have not replied to any of my
> posts with substantive rebuttals.
>
Sorry, I've been busy with real life.

> Instead, you have resorted to crude vernacular and crass expletives, that
> illustrate your lack of sophistication and finesse. I am tired of your
> pontificating, one-sided lessons on history and economic theory.
>
> For your benefit, I have included an excerpt of a Yahoo news article, and
a
> link to the entire piece. Please feel to peruse it at your leisure.
>
>
> ----- Start of excerpt -------
>
> WASHINGTON - Uncontrolled U.S. budget deficits would pose a serious threat
> to global prosperity in coming years as rising interest rates depress
> economic growth in the United States and around the world, the
International
> Monetary Fund (news - web sites) warned Wednesday.
>
> The IMF released a new analysis that predicted if nothing is done to get
> control of the soaring U.S. deficits, it would shave global economic
output
> by 4.2 percent by 2020 and reduce U.S. economic growth by 3.7 percent
during
> the same period.
>

Sounds like scare tactics from leftists. Your point?

The same sorts of things were said by the right when the Democrats were
spending al the money.

Bottom line, we don't have uncontrolled deficts.

If you really want to limit spending, start campaigning for lowering all of
it except the stuff that really is logical for government. Police, courts
and military. Everything else is about taking away rights. The onesx I
list are about protecting them.

> ----- End of excerpt -------
>
>
http://news.yahoo.com/news?tmpl=story&cid=509&u=/ap/20040414/ap_on_bi_ge/deficit_impacts_1&printer=1
>
>
>
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