[lbo-talk] Treasury's proposed (and nameless) bailout law

[Doug Henwood]

On Sep 21, 2008, at 3:02 PM, Shane Taylor wrote:


> Can the triple-A rating of US securities endure much more of this  
> shit?

$700 billion is 5% of GDP. Federal debt is now around 38% of GDP. It  
was almost 50% in 1994, and over 60% in 1952. We can afford it.

Doug