U.S. government goes $5 billion deeper into debt every day and is facing $1 trillion-plus annual deficits for the next decade -- 30/6/03 onwards The year of profitability 2nd half FY4

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Subject: U.S. government goes $5 billion deeper into debt every day and is facing $1 trillion-plus annual deficits for the next decade

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As with the economy, Davidowitz is unwaveringly consistent in his views on President Obama, calling him "deranged, dysfunctional and discredited."

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Date Posted: 26/11/10 10:01:24

Howard Davidowitz on the Economy: "Here Are the Numbers ... WE'RE BROKE!"
Posted Nov 25, 2010 08:06am EST by Aaron Task
Related: ^DJI, ^GSPC, SPY, TBT, TLT, UUP, GLD
The U.S. economy "is a complete disaster," Howard Davidowitz declared here in July, the most recent in a string of dire predictions from Tech Ticker's most entertaining guest.

On the eve of Thanksgiving, I asked Davidowitz if he had any regrets, or was ready to throw in the towel given recent signs of economic revival.

Are you kidding me?

"Here are the numbers...we're broke," Davidowitz declares, noting the U.S. government goes $5 billion deeper into debt every day and is facing $1 trillion-plus annual deficits for the next decade. "In other words, we're bankrupt."

As with the economy, Davidowitz is unwaveringly consistent in his views on President Obama, calling him "deranged, dysfunctional and discredited."

Results of the midterm election show "the people of this country think we are in a catastrophe," he says. "I'm with them."

Check the accompanying video for more of Howard's unfettered opinions and stay tuned for additional clips from this interview.

And...Happy Thanksgiving!

Aaron Task is the host of Tech Ticker. You can follow him on Twitter at @atask or email him at altask@yahoo.com

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