[taiwansemi]

Warren Buffett recently wrote in Fortune Magazine that America has $500 bil. a year deficits for as far as the eye can see.

[Brian Allen]

<< Warren Buffett recently wrote in Fortune Magazine that America has $500 bil. a year deficits for as far as the eye can see. >>

What, I wonder, did Mr Buffet mean by "America?"

Microsoft and Boeing will not be running a deficit any time soon and, judging by the envy-motivated hatred and rage it stirs around here -- and particularly among the trade Luddites, Wal-Mart will not, too.

Buffet, for all that he is a simply awful bloody liberal, seems buffeted against deficit and as no-one can begin to have any idea how well the United States economy will respond to the tiny Bush tax cuts and to hopefully many many more to come -- no one has any idea what revenues will flow into the feral gummint's squandering trough.

And one thing is absolutely for sure. If the daffysitt begins to get out of hand the counterfeiters at the Fed will simply counterfeit another few hundred thousand tons of "money" to "pay" it down.

The counterfeiting called "Inflation," after all, always has been far and away the most evily-insidious of all of the feral gummint's nefarious forms of taxation/theft.

And always was and always will be the most often employed.