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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: kormac who wrote (144046)	1/22/2011 3:06:23 PM
From: Bearcatbob	4 Recommendations Read Replies (1) \| Respond to of 206097

kormac/John OT: My belief is that markets must be allowed to work. At the same time it is clear that some regulation is necessary to maintain order. The slippery slope can go both ways and I believe at the same time. My belief is that a "grand compromise" of some sort is necessary to save the nation from bankruptcy. As a part of that "grand compromise" there is going to have be a "giving in" in some fashion by all. As a retiree things have worked out far better than I ever dreamed as we lived frugally and saved diligently. Now it is paying off - so what we have did not just happen or fall from the sky. We literally did earn it - with full recognition that we were blessed (wife and I both) by good parents. Now - despite the fact that we earned it - I do not think we will not have to sacrifice - and I am willing to do so. For instance, I am willing to give up my SS as long as I do not need it. I am willing to pay more taxes - as long as I have an income that justifies it. Now all of that said I am not willing to give up a damn thing until reason is restored to our fiscal situation. I am willing to give up a damn thing when we pay farmers not to grow stuff. I am not willing to give up a damn thing when are supposed "public servants" are double dipping and living high on the back of tax payers. The list of such can go on - and includes such idiocy as subsidies for ethanol. So - before we go bankrupt - or much more likely after a bond market crisis forces us to change we need - not change you can believe in - I am hopeful a "grand compromise" is reached. Frankly, taxes are not the biggest threat to my well being (and I believe the rest of us here) - it is a fiscal melt down of our nation that I believe we are well on our way to. How this compromise is reached I have no idea. What politician will want to run on a platform of pain? I have no idea on how this will all end - but I am not optimistic. Bob

To: kormac who wrote (144046)	1/22/2011 4:46:17 PM
From: Sweet Ol	Read Replies (1) \| Respond to of 206097

OT: Kormac, by and large I agree with you. The key is to find the middle ground between protecting the rights of the vast majority and too much regulation and entitlements. The sad thing is that in last 50 years of increased socialization and regulation that we have on the one hand created a welfare class and at the same time failed to prevent large companies from becoming a pox on society. By the welfare class I mean all of us who demand our entitlements ( SS, Medicare, tax breaks, in addition to all the usual suspects). And then we encouraged companies to ship jobs offshore and hide their profits outside the USA. We allowed corporate executives to run the public companies primarily for their personal welfare. We created the Federal Reserve and left the fox in charge of the henhouse! There are all sorts of out of balance and distorted things going on in our economy and our governance. It is going to take a long time to straighten them out. It seems hopeless at times, but then I remember Churchill's quote, "Democracy is the worst form of government except all the others." Blessings, JRH P.S. It is a good thing today is Saturday or the Big Dog would be on our tails! P.P.S. So far in January I have played more golf here in Tulsa that I did last year in Naples.