[dbz77]

It was pointed out elsewhere that the U.S., which has 6% of the world's population, consumes 25% of the world's energy.

It is clear that much of this consumption was financed by debt.

Going deeper into debt will not solve anything.

[RobRoy]

Seriously, when I see the government trying to bail out this mess, I am reminded of the Belgian army trying to stave off Hitler’s army. Sometimes you just don’t have the power.

Turning on your own citizens, as they are doing in this case, does not help, of course...

The government’s solutions are only gonna make this worse than it is already gonna get.

http://histclo.com/essay/war/ww2/cou/bel/w2b-inv.html

[RobRoy]

>>It is clear that much of this consumption was financed by debt. <<

I get a feeling consumption is going to drop...

[TCats]

Simply put. The efficiency of any effort is measured by the percentage of effort that actually makes it to the acheivement of the objective. On this basis, Gov’t is very, very inefficient.

What is certain is that every Dollar of these Pork Projects will have to be paid back with interest (100% + certainty) while less than half will achieve the desired result. A lousy prospect for all citizens but good for their overseers.

The more Socialist the less efficiency.

[rightinthemiddle]

“It was pointed out elsewhere that the U.S., which has 6% of the world’s population, consumes 25% of the world’s energy. “

____________

The U.S. also accounts for about 25% of the world’s GDP.

[Gondring]

The term hides the fact that the credit markets are responding to a contraction in the total amount of wealth. In fact, what we are facing is not a crisis of liquidity, but a crisis of wealth itself.

Why is that so difficult for people to understand?