[Rhodes22-list] Politics-Palin-Twain

[Robert Skinner]

Rik,

One difference from the prior cycle is the
size of the federal debt load.  It's going to
take a lot of work for at least a generation
to retire it.  We will be paying off China, the
Emirates, etc. for a long time.

We are in a deeper hole than most realize.

/Robert, ME

Rik Sandberg wrote:
> Paul,
> 
>> Whatever
>> happened to the incredibly simplistic reality that sooner or later we're
>> going to actually have to pay for all of this stuff.
> It's pretty simple really. So simple that it amazes me that it's so hard 
> for most to see.
> 
> About every 4th generation or so we do this to ourselves. Four 
> generations back, our grandparents learned the very same lessons we are 
> learning right now. It made them very conservative and risk averse. The 
> next generation, seeing that it's hard to get rich quick being that 
> conservative allowed themselves a little more leeway in the risk 
> department. Nothing went too far wrong for them, so the next generation 
> kicked it up another notch and now we're up to the crazy bastards that 
> are taking us right back down into the depths of '29 and the thirties 
> again. From this will emerge another generation of conservative spenders 
> like our grandparents, folks who understood that building equity, 
> reducing debt and saving is the secret to building wealth.
> 
> Yeah, it ain't sexy, but it is dependable.
> 
> Rik
> 
> Will Rogers often said, "There's nothing quite like money in the bank." He went on to say, "I'm not so concerned about the return on my money as I am about the return of my money."
> 
> 
> 
> pdgrand at nospam.wmis.net wrote:
>> Brad,
>>
>> You said:  "Palin didn't get where she is by being a shrinking violet and
>> that rubs some people the wrong way.  She was the only one in the race to
>> look right straight into the camera and say, "America, you lived beyond
>> your means" (paraphrased).  Some people like straight talk and others
>> prefer HopenChange."
>>
>> This is a big frustration with me.  Where do we think people get the idea
>> that living beyond their means is perfectly OK?  Could it be that they see
>> the Federal government's policy of deficit spending year after year after
>> year after year?  Sometimes when I read some of the stuff on here or see
>> the news I just ask myself what in the hell has happened to us?  Whatever
>> happened to the incredibly simplistic reality that sooner or later we're
>> going to actually have to pay for all of this stuff.  How can so many
>> people (congress included) be so incredibly stupid?  Isn't it part of our
>> job as citizens to hold our lawmakers accountable?  How do we let people
>> like Nancy Pelosi, Harry Reid, Christopher Dodd and the biggest joke of
>> them all, Barney Frank continue to get away with the things they do?  (Oh
>> yeah, and then blame it all on whomever happens to be the current
>> temporary resident of the White House.)  It just astounds me.
>>
>> Paul
>>
>>
>>
>>
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