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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?


To: Paxb2u who wrote (21703)7/17/2011 7:39:09 PM
From: GROUND ZERO™  Respond to of 220809
 
I don't know, as long as we lower the ceiling and cut spending we could be okay, but I really don't know...

GZ



To: Paxb2u who wrote (21703)7/17/2011 8:21:02 PM
From: Fiscally Conservative1 Recommendation  Read Replies (1) | Respond to of 220809
 
Our country has had a failed economic policy for some time now. We need to raise our debt ceiling simply because we spend more than we take in with taxation and whatever else you want to call it.
So in essence, we want to raise the debt ceiling but not taxes, lol.
Now that is funny.
We agree we spend more than we should, but we fail to take the necessary actions to correct our pathetic spending habits. We talk the talk but we do not walk the walk. Why is this time different? It isn't. We will continue to spend what we do not have and our economic leaders will tell us this is a good thing. They will say that spending allows the economy to expand; and rightful exchanged of goods and services, in effect helping our short term goals toward sustainable growth. Short term is the key word here folks.
We look at the rest of world and our rating agencies will quickly point out their economic faults, but not our own. In fact, our rating agencies have been cited for false and inaccurate ratings in the past. So these clowns are not honest, imo. They can not be trusted.
So who out there is trust worthy? Are our politicians trustworthy?
How aboout the Fed ? How about Wall St, are they ?
No..., Very little on the horizon to be excited about. Very much to be fearful about.