DEFICITS CHOKING THE LIFE OUT OF NATION

Geithenr quoted "US deficits are unsustainable"

>>>On the day the Obama administration took office in February 2009, the budget deficit for 2009 stood at $1.3 trillion, or 9.2 percent of GDP. Over the following ten years, projected deficits totaled $8 trillion.
But in reality, the fiscal year 2009 ended in September saw a deficit of record $1.42 trillion. President Barack Obama projected in his report to the Congress earlier this year that fiscal year 2010 will see a $1.56 trillion federal budget deficit. And it will not fall significantly in the coming years.

"Without changes in policy, deficits would total 10.6 trillion dollars over the next ten years," Geithner said. <<<

I can remember when the DEM'S were screaming about Bush and his $400B deficit, well Obama has seen him and raised him twice!

We are headed for near $2T deficits, the world as per G20 comments are headed towards austerity, does the US go it alone in spending?

Japan has spent itself into a stupor and is one of the most indebted nations, mostly from 20 years of stimulus and gov spending battling deflation.

Real world data is more and more pointing to WAVE 2 of the Great Recession is hear or looming within months. Companies have NO pricing power to speak of, deflation is gaining a foothold.

The internet makes it easy to shop around, most companies working on scant margins. MORE competition for less business breeds cost cutting, no loyalty...sinking profits.

ECRI world index is leading indicator and is pointing to trouble. BDI has been crashing.

SHOULD THE GOV continue to stimulate with money they don't have? If no one else spends would that be worse?

Home sales had worst month in history in May, am I a pessimist or clue me in on what I am missing....

Bond Bubble? Does it make sense, that with RECORD debt issuance and deficits, interest paid continues to fall near decades lows? Japanese 10 year notes yield about 1%.

D