Comments on: Government Agency Predicts Economic Uptick

Congressional Budget Office Says Stimulus Bill, Interest Rate Drop, Will Boost Economy

[incog-nito]

When you pay your credit card debt with another credit card, I''m sure you feel better for a while too.

[singingrick]

The Bush Budget Deficit Death Spiral


Lenders talk about a %u201Cdebtor%u2019s death spiral.%u201D It occurs when borrowers get so far in over their heads they begin borrowing money just to cover the interest payments on past borrowings. The borrowers have to do this to keep the lending flowing but they can no longer plausibly pay down the principal. As new debt compounds on old, bankruptcy becomes imminent. Further lending is foolhardy. Foreclosure is only a matter of time.

The U.S. is starting to look like it is entering just such a death spiral. It is foretold not simply by the large and growing deficits, nor by the fact that their carrying costs will rise quickly as interest rates rise. Rather, it is the fact that these trends are becoming irreversible, a structural part of the U.S. economy.

When the ultimate collapse will occur, whether it comes with a bang or a whimper, how it will be triggered, and how severe it will be are as yet unknown. But as Herbert Stein, Chairman of the Council of Economic Advisers under Richard Nixon was fond of saying, %u201CThings that can%u2019t go on forever, don%u2019t.%u201D

[l8c6]

They must have this down to an incredible science. I wonder how many actually are involved in pulling the strings hanging from most of us?

[randynason]

Corporate gross income may be slightly offset, but simple American workers will be the ones who get f*ed in the end, as usual. Frankly, Bush can take his rebate proposal that puts the U.S. another 1.5 trillion dollars in debt and shove it. By the time the dipstick leaves office, the U.S. deficit is 4 trillion.

[fightfascism]

here''s a suggestion for that second check and what I''ll be doing with mine: donate as much of it as you can to a fund to impeach bush and cheney. then, by cleaning house of these neocon commies, maybe our economy can start the 20 year process it''ll need to get humming again.

[byeneocons]

Oh Thank God! Here I thought Reaganomics and Bush Trickle down theories had affected the housing market, mortgage rates and unemployment! Just knowing that second check from Bush is on the way makes me feel all warm and fuzzy.

Meanwhile, in Iraq....

[fightfascism]

whew! that''s great news, and here I thought an immoral and unjust war, not to mention outsourcing our jobs to communist labor, might be big drains on the economy and cause us economic hardship. I''m glad the ministry of truth, I mean the propaganda wing of our own government, is here to comfort and reassure us.

[tburzio]

Actually, saying positive things does have a good effect on the economy. What people spend is determined by feelings, and many purchases can be put off till later if people feel threatened. If you want a job, buy American. If not, prepare to be unemployed.

[pollroller1]

I got a tick off my dog the other day.

[iceman_1960]

"Uptick" is being used metaphorically in this story.

Technically, an uptick is a stock transaction occurring at price above its previous transaction. In order for an uptick to occur, a transaction price must be followed by an increased transaction price. This is commonly used in reference to stocks, but it can also be extended to commodities and other forms of securities.

The term was coined by novelist John Uptick in his novel "Rabbit, Run."

[cattlekate]

UPTICK? Does that have a definition? is that like a burp? geezzz CBS, lets use grown up words...
posted by vet999999 at 07:07

I think it is a *quiet **** so we don''t notice how inflation is doubling our grocery bills.

[songbird21]

To FloydZepp

Gee, we could vote for Obama - he wants to fix our economy by created billions of dollars worth of low wage jobs paid for by increasing corporate taxes (= elimination of jobs and increase in consumer prices by corporations) and increasing individual taxes (= less money for people put back into our economy.) Oh, and I forgot to mention - higher govt spending = higher deficit. Yeah - that''s the way to go.

[trillion1]

The only "uptick" I can see is with warmer weather people won''t have to spend as much to heat their homes. Other than that it''s just goverment wishful thinking.

[hsinco-2009]

Uptick in Neo-Con speak is just like Bu$h''s "Healthy Forest Initaive". Bizarro world.

In Bizarrc world, all you Superman comics readers will remember it''s where everyting is opposite of what it sounds like.

Up = Down


Uptick? LOL HAHAHAHa

[olebd]

Prop-a-ganda cha, cha, cha!

Wonder how much gas is going to "uptick" this summer because of the excuse that everybody is driving somewhere for vacation?

[vet999999]

UPTICK? Does that have a definition? is that like a burp? geezzz CBS, lets use grown up words...

[rowdytexan2]

Oh this is priceless! ROFL!

I''m sure all those who drink the Neocon blood are just going to love this!