Posted on 01/13/2006 6:50:55 AM PST by Willie Green
That's funny! Next thing you'll tell us that food is 30% more expensive than it was 5 months ago. LOL!
That's the "illusion of prosperity" that I was talking about.
This lame horse economy is being forced to plod along by beating it with the whip of deficit spending.
All the while our wealth creating industries are being shut down and the American taxpayer is being buried in unfathomable debt.
There is no such thing as a free lunch. Sooner or later, the horse is going to drop dead from the Bush Administration's deliberately irresponsible abuse.
Large Trade Deficit Spells More Difficulties Ahead for US Economy
I am not couching anything. We just have a disagreement in regard to government policy spurring economic development abroad.
You think one way, I think the other. Whether the program bears fruit or not, should be up for evaluation. It should be audited, like any other govenment program, and if nothing has come out of it...then such action by the government should be discontinued.
But let's not descend the debate to a differnet tangent (which would be beneath us, since that is a ploy of democrats.)
According to my original supposition, that you cannot make an equivocation between people who feel that should be "entitled" to by right to have a good job and high pay without looking for opportunity, and government policy to incentivize foreign governments to open and modernize their respective economies still holds.
And, there's nothing, I repeat, nothing disingenious about my point. To argue such a thing is a mere act of deflection, and truly a democrat debate tactic (again beneath us.).
In Hoc.
My families prosperity, sale of our previous home in 12 days above asking price in December (and the highest price ever paid for a home in our community), our building of a new home that is twice the size of the one we just sold, along with our projected 2006 income being nearly triple that of what we earned in 2005 is not an "illusion of prosperity". It is reality!
Household net worth at record $51 trillion.
More buyers than sellers. More demand than supply.
It was not intended as a smack and if it came across as one, I apologize. I'm building my own business and think it's the only way to go.
I attribute it to the constant ads on radio, "Add gold to your portfolio."
Household net worth at record $51 trillion.
I'll go with Willie on this one. Willie was referring to the national debt and the crushing taxation it is likely to cause down the road. Unless I am mistaken, he was not talking about personal debt. Hence his use of "taxpayer".
Willie was referring to the national debt and the crushing taxation it is likely to cause down the road.
Unfathomable debt? Isn't the national debt about $8 trillion? About $27,000 per capita? See my link in post #86. Household net worth $51 trillion, up $10.4 trillion since 2001. How much has national debt increased since 2001?
You'd have to ask the buyers that question.
The state of the economy at the moment is in the eye of the beholder. Current economic measurements are positive, but I am concerned about these questions:
Is our nation's growth in wealth based on the net increase of tangible assets or is it based on manipulated speculation funded by deficit spending?
Does our diminshed manafacturing capacity expose America to being dependent upon the goodwill of other countries for the supply of goods and materials needed to sustain our national defense?
Does the lack of a self sufficent energy policy expose
the economy to ruin through blackmail?
I do not have answers to these questions, but they are
questions that I feel need to be considered in the economic debate.
Problem with this is that our manufacturing capacity is higher than it has ever been.
Does the lack of a self sufficent energy policy expose the economy to ruin through blackmail?
Yes.
Which cheap consumer goods that we buy from China have shut down which vital domestic defense capacities?
Does the lack of a self sufficent energy policy expose the economy to ruin through blackmail?
Yes. Open ANWR and build more nuke power plants now.
My paycheck was fairly stagnant and I was not satisfied with it. I went out and got another job with a 27% increase in pay.
Stop blaming everyone else and do something about it!
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