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Strategies & Market Trends : Galapagos Islands
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To: Jorj X Mckie who wrote (11634)11/6/2002 9:09:23 PM
From: Libbyt  Read Replies (1) of 57110
 
when we are in deficit spending already and are planning on going to war???

I would love to see a balanced budget, and I'd rather not see deficit spending.

However, after 9/11 my views on the subject have changed. The events of 9/11 made it clear to me that we are at war...and during a war IMO is not the time to worry about spending...but the survival of our country.

IMO we should do whatever it takes to fight this war...and if that means deficit spending, then that to me is the lesser of two evils.

As an example, if your child was seriously ill and needed expensive hospital treatment, would you use his college savings to pay for what he needs *right now*? The other choice IMO would be to risk serious consequences in order to maintain his savings plan and his future needs for a college education. However, he might not need a college savings plan if he didn't survive his illness.

IMO we need to deal with what is critical to our survival right now....and hopefully stimulate the economy to deal with the needs our country has in the future.

The results from the election give me some hope that some positive changes might occur. I'm not thinking this will happen immediately...but at least IMO there is the chance for positive changes. The very short term market direction might be to head lower...since the rate cut was more than most people expected....and brings into question how weak our economy is at the present time.
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