Government stimulus during slow economy with debt paid back or even ahead during good economic times. Unfortunately US and most of the rest of the world does not get this correctly. The PIIGS stimulated thier economy when they should have been paying down debts. Now they are trying to pay down debts when they have slow economies, which will only slow thier economies even more.Of course US did the same under Bush. Now the stimulus has to be so large it is scary. Stimulus at the wrong time and for the wrong reasons, elections and wars.
He who has the money makes the rules. US bonds are as good as gold. China has a large proportion of US bonds. We all must live by the golden rule. Long live $$$democracy$$$
Always amazes me when they do release the truth, usually 30 to 50 years after the fact and when those responsible are long dead. I wish there was a government in the world that I could trust in, unfortunately I am unable to even trust my own. I find it best to keep my head down and not rock the boat.
Too true, America loves drugs, legal and not. I am thinking of inventing a new drug that makes you feel very, very good and I will give it a street name of LIFE. If any body asks if I am high I can honestly say I am just high on LIFE. Until the DEA gets wise it should be fun.
I long for the simpler times of my fathers generation “The Greatest Generation” with Eisenhower et al
A time when taxes were sky high and our debt was low. When we the people produced tangible items to better ourselves and the rest of the world.
When it was still possible for one worker to support his family.
My generation smoked pot and dropped acid, at least the smart ones did. The dumb ones went into politics and lowered taxes, especially on corporations, most especially on what are Now multi-national corporations since they sent our jobs everywhere except the USA. The dumb politicians then decided to pass a paper work reduction act which requires far More paper and even have them print “This page intentionally left blank”.
The same dumb politicians of my generation that decided that very wealthy people should keep far more and pay far less in taxes. This was because the very wealthy were going to use all that money to create jobs, which they did in every country except the USA. And now those same dumb politicians from my generation want to do it again.
Too bad more of my generation was not smart enough to legalize pot and tax it, or to keep taxes high so we paid our debts on time instead of over time.
The very wealthy will continue to take advantage of The People. I only wish they appreciated it more. It takes the labor, blood, tears and suffering of the many to support the life style of the very well off.
I’ve known snapping turtles more empathetic to the common US people.