Obama says trillion-dollar deficits may last years

AP on Yahoo ^ | 1/6/09 | Charles Babington - ap

[<1/1,000,000th%]

In fact, he guarantees it.

[headstamp 2]

“Potentially we’ve got trillion-dollar deficits for years to come, even with the economic recovery that we are working on.”

Nothing lasts forever unless it does.

[Positive]

"CHANGE. (only thing remaining in your pocket)"

Lol, have you seen the fast food commercial in which the guy is about to leave the latte maker a 75 cent tip and the guy behind him advises him that he can get extra meat or something for that change?

Lot's of folks are predicting the next bubble to burst...I say it's either lattes or theatre popcorn...

[Sgt_Schultze]

A google is a "1" followed by a hundred zeroes.

A Google is an internet search company with 100 billionaires. A googol is a 1 followed by 100 zeros.

[Just another Joe]

Lot's of folks are predicting the next bubble to burst...I say it's either lattes or theatre popcorn...

It's definitely lattes.
Theatre popcorn is worth the money, as long as you get extra butter and load it with salt. ;^)

[ClearCase_guy]

Clearly, “I know nothing!”

[chris_bdba]

Sorry Obama I want the government to stop spending so much money and make cuts to eventually balance the budget by the end of your first term!

[A Balrog of Morgoth]

I guess I better go get a wheelbarrow then, since we will soon need one to carry enough cash to buy a loaf of bread.

[FoxInSocks]

10¹⁰⁰

[randita]

Anybody have a calculator that can compute interest compounded daily on several trillion $$$ of debt for several years?

[mikrofon]

That must mean that a Googleplex is the company headquarters.

[El Laton Caliente]

And just who is going to loan the USA 4 to 8 trillion more dollars? If it is the Federal Reserve, it will take twice that when inflation sets in... That would have us up to like 20 trillion or more in debt... humm at 4%... that's what $800,000,000,000.00 or so in annual interest...

[genghis]

markets work!
1- everytime nobama speaks markets will tank
2- i would be shorting long term gov bonds.
3- it is hard to imagine how saying things like this are helpful.
4- in 8 months people will be praying jimmy carter comes back with sane policies

[MilspecRob]

Market is up past 9000

[Uncle Hal]

Can interest rates of 20% be very far behind? That's how high they were in the early 1980”s. With all this borrowing by the US it is apt to happen all over again.

[TigersEye]

I take it 0bama sees no hope for change in deficit spending? Except for the worse.

[longtermmemmory]

Carternomics

Print more and more and more money.