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softball · 10-01-2008

The whole thing is pretty simple really. The country is living on a giant Visa card, spending money it doesn't have. Americans cannot afford the lifestyle they are living. You can't prosecute a big war, drive big cars, put rockets into space, live in big single family homes, consume massive amounts of protein, take exotic vacations in big boats and expensive airplanes, educate your kids in good universities, pay exorbitant salaries to doctors and dentists all on the money you earn as a nation. That is pretty obvious. No matter what the astrologists....er, excuse me "economists" say. And on top of all that, you can't export all your manufacturing to off shore countries to build stuff for you. That you have to do yourselves. As we all know, the more control you take over your business and the more you do the work, the more money you keep. Am I off base on this?
Oh yeah, the solution. Pay down the debt. How? Higher taxes. Painful but obvious.

10-01-2008	#11
softball Members Want to see your own Advertising Here! Join Date: Jul 2005 Posts: 6,165	Re: The market is going to spiral.... The whole thing is pretty simple really. The country is living on a giant Visa card, spending money it doesn't have. Americans cannot afford the lifestyle they are living. You can't prosecute a big war, drive big cars, put rockets into space, live in big single family homes, consume massive amounts of protein, take exotic vacations in big boats and expensive airplanes, educate your kids in good universities, pay exorbitant salaries to doctors and dentists all on the money you earn as a nation. That is pretty obvious. No matter what the astrologists....er, excuse me "economists" say. And on top of all that, you can't export all your manufacturing to off shore countries to build stuff for you. That you have to do yourselves. As we all know, the more control you take over your business and the more you do the work, the more money you keep. Am I off base on this? Oh yeah, the solution. Pay down the debt. How? Higher taxes. Painful but obvious.