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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: LLCF who wrote (5332)	6/25/2001 11:17:12 PM
From: westpacific	Read Replies (1) \| Respond to of 74559

DAK - Exactly, it goes back to ancient races, in times of abundance one builds a stockpile. Dire times will come and one had better prepare for it. This country and its people has forgotten the fact that things can get hard and bad. The government has convinced people they will be there to bail them out. That trees grow to the sky, that there will always be work. What a scam, what fools so many people have been. And the government and bureaucrats are at the forefront of this insane thinking. They have forgotten that democracy can fail. West

To: LLCF who wrote (5332)	6/26/2001 3:26:23 PM
From: GraceZ	Read Replies (2) \| Respond to of 74559

I always wondered why you wouldn't run surplus' and save during the boom In the old days that's what was done. The problem is that one half of the government doesn't trust the other half. If the money is sitting there unused there are people working overtime trying to figure out a way to spend it. If it is given back in tax cuts then there is a chance that current expenditures will have to be curtailed. This is intentional. The thinking is that the only way to force fiscal discipline on Congress is to reduce the surplus even at the risk of running a deficit.