SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : View from the Center and Left
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Steve Lokness who wrote (210717)12/6/2012 2:01:30 PM
From: cosmicforce2 Recommendations  Read Replies (1) of 543262
 
One of my impediments to being what opponents call "liberal" is that I think it is unsustainable to simply spend and spend. The party of easy money has to end, but I've been wrong on this point for better part of 20 years. We refinanced what was left on our house for 3 1/4 percent for the next 15 years.

So I'm with you on the deficit reduction - in principle - however, the reason this financial screw up hasn't become the 1930's Depression is IMO precisely because of the spending. I'm unhappy that there have been no perpetrator walks by the bankers who tried to get returns of 15% a year from fraudulent banking activity. Traditionally returns had been about twice inflation, not five times inflation.

But, the deficit is not my major worry. We need to have the agencies come back with aggressive plans for reducing overhead and increasing efficiency with employee bonuses for doing so. That is the low hanging fruit. And most of all, we need to quit acting militarily when our lives are at stake less so than the risk from heart disease and other major killers of Americans. Even 9/11 produced a fraction of the deaths that we suffered from other causes that year. Want to make America safe? Provide good health care and incentives for lifestyle changes.

Top 15 Causes of Death
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News