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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?

To: Skeeter Bug who wrote (12757)	3/4/2001 7:50:10 PM
From: geode00	Read Replies (1) \| Respond to of 42834

Sure, there's always a limit. There are also more than a couple of ways to get out from under a big overhang. There is the crash and burn method, sometimes known as bankruptcy, where you leave your mess for others to clean up. There are also less drastic methods like restructuring and paying over time. There have been so many "crises" over the years from the oil shocks, S&L scandals, Asian crisis, etc.etc. The economy plugs through these difficulties and will again. I vote for the long and hard way to fix things. Keep improving over time, gradually bring spending back in line and gradually reduce debt burden. It looks as if the government has a shot at doing it. Who would have thought that was remotely possible 10 years ago? It's pretty much guaranteed though, that if the economy tanks paying off the debt tanks too.