Wednesday, August 06, 2008

Bill Gross thinks we will see a Trillion Dollar Deficit.....(three years from now?)

<<- The current total US Government Debt
YIKES....this YOUTUBE video of an interview of Bill Gross of PIMCO Inc. is quite interesting. At the end of the video, he talks about the need for the government to run up perhaps a one trillion dollar deficit year....perhaps 3 years from now.

Ouch.....

Here is an interesting "Open Letter to Obama" that Gross posted. Check it out.

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