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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: scotty-d who wrote (89988)	8/28/2009 5:43:13 PM
From: Larry S.	Read Replies (1) \| Respond to of 94695

No, your father is getting screwed to the extent that his $1100 is really a small fraction of what his $600 was worth in the 60s. For example, in the areas in which I live, lots that sold for $2500 to $5000 in the early 60s now sell for over $400,000. Larry

To: scotty-d who wrote (89988)	8/29/2009 4:47:10 AM
From: Elroy Jetson	1 Recommendation Respond to of 94695

While so many are focused on governmental debt, the major debt problem in the U.S. is excess consumer and business debt which can be liquidated through bankruptcy and foreclosure. Governmental debt, as a percentage of GDP, declined after WW-II and then remained constant for decades until 1980. Beginning with 1980, tremendous tax cuts coupled with increased government spending caused a tremendous rise in the ratio of governmental debt to GDP. This program of lower taxes and increased debt coincided with reduced growth in the U.S. economy, reducing the ability to repay the debt. So the real secret of the creation of government debt, just as with consumer and business debt is spending far more than you earn or raise in taxes. The concept is so simple a child can understand it.