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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: kormac who wrote (144046)1/22/2011 3:06:23 PM
From: Bearcatbob4 Recommendations  Read Replies (1) of 206098
 
kormac/John

OT: My belief is that markets must be allowed to work. At the same time it is clear that some regulation is necessary to maintain order. The slippery slope can go both ways and I believe at the same time.

My belief is that a "grand compromise" of some sort is necessary to save the nation from bankruptcy. As a part of that "grand compromise" there is going to have be a "giving in" in some fashion by all.

As a retiree things have worked out far better than I ever dreamed as we lived frugally and saved diligently. Now it is paying off - so what we have did not just happen or fall from the sky. We literally did earn it - with full recognition that we were blessed (wife and I both) by good parents.

Now - despite the fact that we earned it - I do not think we will not have to sacrifice - and I am willing to do so. For instance, I am willing to give up my SS as long as I do not need it. I am willing to pay more taxes - as long as I have an income that justifies it.

Now all of that said I am not willing to give up a damn thing until reason is restored to our fiscal situation. I am willing to give up a damn thing when we pay farmers not to grow stuff. I am not willing to give up a damn thing when are supposed "public servants" are double dipping and living high on the back of tax payers. The list of such can go on - and includes such idiocy as subsidies for ethanol.

So - before we go bankrupt - or much more likely after a bond market crisis forces us to change we need - not change you can believe in - I am hopeful a "grand compromise" is reached.

Frankly, taxes are not the biggest threat to my well being (and I believe the rest of us here) - it is a fiscal melt down of our nation that I believe we are well on our way to. How this compromise is reached I have no idea. What politician will want to run on a platform of pain?

I have no idea on how this will all end - but I am not optimistic.

Bob
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