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Wednesday, February 11, 2009

US Gov Bankruptcy on the Horizon - a resounding YES

David Walker on 60 minutes talking about our pending crisis:


>> I.O.U.S.A. Movie Trailer

>> I.O.U.S.A. channel on youtube

>> I.O.U.S.A. documentary official website

David Walker is a member of the Peter G. Peterson Foundation. They are trying to increase public awareness of the nature and urgency of key economic challenges threatening America's future. Here is their blog.

>> Peter G. Peterson Foundation on Facebook

>> David Walker on Facebook

>> Sign the letter to speak out on our nations fiscal debate here

>> Follow the national debt on twitter

>> How The World Almost Came To An End At 2PM On September 18 2008

This is a nice tool to help you map visual relationships among people and organizations: interactive map of Alan Greenspan, David M. Walker relationships

And FYI - here's the real GDP growth from the time the New Deal was enacted until the beginning of WWII. Starting in 1931, you'll notice the steady upward trend until about 1938, when FDR was convinced to balance the budget, and employment and GDP went sharply down.
Then, yes. Government spending on WWII mostly helped bring us out of Depression. But, that kind of proves the point that Government spending does the trick. Roosevelt was not doing enough. But, the New Deal was working.
>> From the article: New Deal Economics

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