The World Is Drowning In Debt; New debt is not going to boost the recovery, it will likely prolong the recession.

Daniel Lacalle ^ | 07/13/2020 | Daniel Lacalle

[Texas Eagle]

Where is the world getting its money from?

[dp0622]

I remember on Staten island my mother and father bought a house for about 30,000 in 1975. Now it’s worth 20 times that. That’s not good

[Theoria]

What growth? We've been stimulating the ‘growth’ for years. Take away the massive spending and what do we have? Even before the wuhan stuff, the President and crew were running near a trillion in deficit spending per year.

[genghis]

Good meme

[buckalfa]

"Where is the world getting its money from?"

Why double entry accounting of course! Debit cash, credit IOU's. Hide it all on the balance sheet as goodwill!

[Sam Gamgee]

Here in Canada they hey day under Harper was a 55 billion dollar deficit. Many conservatives were horrified that a conservative party would run such a massive deficit.

Trudeau’s deficit is an eye popping 340 billion! How they hell did clown shoes manage to do such a thing?