by Gene Scarborough » Wed Aug 10, 2011 9:34 am
Jim---
We each have opinions somewhat apart. That's OK and makes for an intresting discussion!
What you are failing to understand is an old research adage: "Correlation does not prove Causality!"
A national economy goes up and down naturally. Even more, in a world-wide economy, we no longer hold all the economic cards. In many ways, our greed has led to our own undoing as more and more jobs and corporations move their labor force overseas as well as their declared "taxable location."
Our military-industrial spending took a giant step into red ink land under Reagan. We outspent Russia and finally they said, "We give up"----and financially crashed. Their Communism is giving away to Capitalism, but it is still most unstable.
Is it possible that it has just taken us a little longer to crash only because we started with more wealth???
Either way, red ink budgeting will only work for so long.
Correlation is a poor argumant for causality when we have both been living in this country during the same era! I'm not pleased with ANY of the attempts to stem the red ink from any political position. Obviously, for the last 4 years it has been a total failure. The big boys got our tax dollars by the busload----and
....What have they done with them?????
....Did you get your Executive Bonus????
Gene Scarborough