Tuesday, August 2, 2011

MSNBC: After debt deal, economy in deeper peril


Maybe that's why Gold continues to surge in price while people still have to worry about other negative economic indicators.  Adding $7 trillion of debt during an economic downturn like this will likely ensure a credit rating downgrade anyway and do further damage to our flailing economy.  As I said recently, the economic problems are a definite disaster that we can see and predict, which is why I spend so much time referring to the events in the news that showcase what is taking place.  And don't worry, despite what the media has reported Senate Majority Leader Reid says that we will have tax increases in the next phase of this plan so there's another reason to believe this crisis is only going to worsen. 

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