Each additional dollar borrowed is now generating a REDUCTION in GDP of almost $.50.   For more background and details, visit Nathan’s Economic Edge (h/t to Business Insider).

President Obama spent last week gloating about a spending freeze that will (supposedly) generate $250 billion in savings over 10 years, but no more than 10 billion for the 2011 budget.  Some think that he was sincere in that undertaking, yet given his announcement this week proposing a fiscal 2011 budget deficit of $1.3 trillion, [...]

Exactly how can you top this? Warren rocks and Grace smokes!!!