US Still Declining

[Yoshie Furuhashi]

>Yoshie writes:
>
>>  If you can get away with giant deficits with little negative
>>  consequences, you are living better than you can otherwise.
>
>You mean like ~65% of US households that "own" their home?

No, I'm not talking about individual borrowers, as the topic concerns 
deficits calculated at the national level.

Yoshie

P.S.  I don't "own" a home -- I just moved to a new apartment with a 
roommate (lots of closet space -- yea!) a couple of weeks ago.  I am 
proud that I finally organized all my books in the alphabetical 
order, divided into the following subjects: reference; philosophy; 
literature; cinema studies; social sciences & current affairs; 
biology; & pomo rigmarole!  I'm amazed at myself & looking for a pat 
on my sore back.