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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Skeeter Bug who wrote (259694)	7/10/2010 8:51:45 AM
From: RetiredNow	Read Replies (1) \| Respond to of 306849

That's always the excuse for not doing what is needed. Our leaders will always say that we can't cut spending or increase taxes, because that would mean economic pain. Well, no shit. However, the path they are pursuing is pulling even more demand from the future, which means we end up paying more interest on more borrowings. So when the pain finally comes, the pain will be far worse. The question is no longer if the pain will come, but WHEN will it come. Anyone who understands that realizes that it is now time to stop borrowing and spending, and instead it is time to raise taxes, lower spending and stop all bailouts of any kind, including interest rate manipulation to recapitalize banks. Let the pain come now and our free markets and economy may survive this yet, albeit in a new shrunken form that is amenable to sustainable economic growth.