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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: Wharf Rat who wrote (216379)	2/8/2013 12:21:07 PM
From: bentway	Read Replies (1) \| Respond to of 542059

Mortgage debt has made me a small fortune, over the years.

To: Wharf Rat who wrote (216379)	2/8/2013 9:26:59 PM
From: cosmicforce	Read Replies (3) \| Respond to of 542059

Mature people are not just "old" - do you feel we are a mature society? I would expect our government to act more like a 14 year Beverly Hills debutante using Daddy's credit card as it has for the past 40 or so years. For a person or entity that had decades of successful management of increasing debt levels and didn't have financial crises (self-caused) every 6 months or so, then I'd say "Let's let them spend." In our case the government can't make a project come out on time or on budget. They can't control what they spend nor do they have metric based efficiency programs as their first order management metric.. They later never actually build much equity because it is not closely managed and always overspent and mismanaged. I'm truly conflicted because I care but our government doesn't seem to have an ounce of management skill on the financial front. I don't think they could run a yogurt stand profitably unless they prohibited yogurt sales from anyone else.