|
I am in 100% agreement with the above.. Sound fiscal policy is exactly that and holds for the long run not the brief euphoria to be followed by the painful withdrawal..
Yes the US has had some sustained growth but at what cost, negative saving rates, massive personal and government debt, huge trade imbalances.. The free money put into the system has flowed out of the US into overseas hands... In essence they have given the keys to the treasury over to these holders of thier debts at a very critical time in history, I personally think that they have incurred a huge security risk as a nation by allowing themselves to be in such a position.
__________________
Men have only 2 emotional states, hungry and horny.. So ladies, if you see me without an erection, make me a sandwich.
Last edited by LivinLOS : 14-10-2005 at 16:19.
|