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Politics : Mainstream Politics and Economics -- Ignore unavailable to you. Want to Upgrade?

To: Little Joe who wrote (7872)	1/31/2012 8:28:23 PM
From: grusum	Respond to of 85487

Because I identified those times when they occurred. it's like flipping a coin. you can get long steaks of heads or tails. but they will tend to even out over time. no one can know when good or bad times are going to begin or end. and no one can know how long the times will last either. what you thought you did, was due to luck. one can have a long lucky streak. in vegas, they say the worst thing that can happen you is for you to win the first time you're there. it makes many people think they can win most of the time. it leads to gambler's ruin. It is really easy, when they begin to add more spending before paying of the debt, you know that is when they should be paying off debt. it won't work LJ. Reagan should have done it once he got the economy going. in truth, no one should do it even if they were omniscient, which of course no one is. all they would be doing is interfering with the economy. it wouldn't help, it would just distort. Clinton mostly used the peace dividend to acheive what he and Gingrich called a balanced budget which it was not. we should be concentrated on saving as much as we can, not spending all that we are able to. what if someday we were able to pay for our defense solely on the interest on what we'd been able to save as a country? what if we were able to save for the expense of the occasional disaster, instead of having to resort to raising taxes in some way? Clinton mostly used the peace dividend to acheive what he and Gingrich called a balanced budget which it was not. If we had applied the peace dividend to the budget, it would have really been paid off, instead we spent an awful lot of money on koan programs. yes, we need to find a way to pay down the debt. i think we'll have to sell some of our furniture.