Zeev's Turnips Patch-No Politics (ZEEV)

[jrintl]

Zeev- Because of 9/11, doncha you think the Fed and gov. stimulated more than they would have (basically, no spending caps anywhere it seems), and that this could/has led to economy hanging up/recovering more than it would have (w/o 9/11). Also, aren't we then borrowing from future, and then will accentuate next "dip" (since Fed/gov. out of bullets..)

Also, wasn't a major factor in the "mild" recession...the absolute unwillingness for the American consumer to pare debt (quite unusual...usually this happens sooner in downturns, and this too should lead to a larger downturn later- sooner or later, consumer will have to increase savings...a lot)

Finally, the U.S. govt. owns a lot of land....in fact, more I believe (% wise)..a lot more...than 20 years ago...how would you factor that into the balance sheet of the U.S. gov? Despite "illegal" accounting by Fed. gov (SSI, etc.), could finances of Fed. gov. be better than some think?

Or do we still need America-thon (meatloaf still available, I believe-g)