"The problem with socialism is you eventually run out of other people's money" - Margaret Thatcher
"The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design" - F.A. Hayek
Monday, August 1, 2011
Robert Barro calls the president "Robin Hood." He told Joe the plumber exactly what he was going to do.
"Moreover, the Obama administration's deficit financing has led to a sharp increase in our debt-to-GDP ratio, which the Congressional Budget Office now projects will soar to 70% by the end of this year..."
"Moreover, the Obama administration's deficit financing has led to a sharp increase in our debt-to-GDP ratio, which the Congressional Budget Office now projects will soar to 70% by the end of this year..."
ReplyDeleteIsn't the debt-to-GDP ratio already around 100%?
-John