Thursday, November 15, 2012

More numbers for you

Economic growth right now is likely less than 1% in the USA, after 6 Trillion in new federal debt! How does that translate into multipliers for the middle class? Do the numbers, assume a 100 million houshold middle class. Select an interest rate about 2% for the cost of money. My approximation tells me that middle class has lost about 2% of its wealth, permanently, because of federal debt service needs. Who is wiping out the middle class? DC politicians, no one else. Overall, since 1980, DC politicians have likely killed of 6% of America's middle class in a great genocidal purge, using federal debt. Perhaps a dissolution of the union is in order.

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