tag:blogger.com,1999:blog-3862216000300765627.post8735970581126168249..comments2024-01-16T03:42:46.705-05:00Comments on The Downward Spiral: Why We’re Screwed (Part 2): Deficits DO MatterBill Hickshttp://www.blogger.com/profile/17551954408189665078noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-3862216000300765627.post-40629279443951340192011-07-12T19:10:46.667-04:002011-07-12T19:10:46.667-04:00@ConArtist - oil prices are already dragging down ...@ConArtist - oil prices are already dragging down the American economy, while soaring food prices touched off the uprisings and unrest in the Middle East, putting the vitally important oil supplies from that region at much geopolitical risk.<br /><br />For a more detailed account regarding the effects of high food prices, see my post entitled, "Friday Rant: If You Really Want to Understand What's Going on in the World, Stop Thinking Like a Middle Class American."Bill Hickshttps://www.blogger.com/profile/17551954408189665078noreply@blogger.comtag:blogger.com,1999:blog-3862216000300765627.post-61458430660125953332011-07-12T14:58:32.523-04:002011-07-12T14:58:32.523-04:00I admit that I haven't been following this blo...I admit that I haven't been following this blog that long, but I'm still confused as to WHY the deficits matter. I mean, I understand the devaluement of the dollar and rising interest rates. But WHY NOW? Is there a reason that 2011 is the year of reckoning? Food prices haven't increased that much have they? I'm confident kicking the can down the road isn't the best strategy, but in the midst of high unemployment, why is this a top priority?ConArtisthttps://www.blogger.com/profile/06589488269027542518noreply@blogger.com