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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives
SPY 691.72-0.1%4:00 PM EST
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To: Brian Sullivan who wrote (42346)12/22/2012 12:42:05 AM
From: llap1 Recommendation  Read Replies (1) of 221913
 
Where are the Reaganomics when you need them? Milton Friedman said that if interest rates on treasuries are low then you have to supply more. He said that when they were >5% and Ronald Reagan wholeheartedly agreed. He ramped up the deficit and ushered in the boom of the 80s and 90s. What about Great Britain and the lend-lease act in 1940? Should we have told them sorry no help for you because it increases the deficit? Deal with Hitler by yourself? Should we not have answered Pearl Harbor because it creates a deficit? But guess what happened - all the war debt (much bigger than what we have today relative to GDP) created no issue but quite the contrary - a great post-WW2 boom. On the other hand, the two times we had a federal budget surplus post-WW2 (1968, 1999) it ushered in two lost decades and a lot of economic malaise. The last thing you want is a balanced budget - unless your goal is to create misery and hardship for your fellow countrymen Therefore, your post is also defeatist and unpatriotic. This is something I would expect more from France or today's Germany (where I'm from), but not from an American. I thought we can do better here... and we actually learned from our own history.
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