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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Hawkmoon who wrote (1197)	5/7/2014 7:22:45 AM
From: Jerome	Read Replies (1) \| Respond to of 26769

Hi Hawk,....good post ......I think that the DOD budget figures can be manipulated to make almost any point. Example...DOD costs rarely include future Veterans Administration costs that will stretch out another 40 years. A visit to a VA hospital will reveal that they have no capacity for recent Iraq war veterans (that need help) because all the current long term bed space is filled with Veterans from the Korean, and VietNam conflicts. More than once I have seen article that future VA costs going out 30 years will add another trillion dollars to the budget. Your point about, " We have a weak recovery, in part, because demand has been decimated. Consumers are tapped out.. over their heads in debt.. our gov't is hugely indebted.. " This is all correct. But lets say that there was no national debt......The consumer would still be tapped out. Henry Ford in 1920 and Roosevelt in 1936 realized that they had to put money in circulation to improve the economy nationwide. Raising the minimum wage would be a step in the right direction. More money in circulation would create an expanding economy. Companies are sitting on tons of cash.....and the next big thing...no matter what its is.....will sit on the shelf if the consumers lack the cash to pay for it. I find it interesting that the same people that want the US to intervene in foreign conflicts ( to assert US power) also do not want to vote down the road to pay for the intervention . I expect that things will get worse politically because the House will likely gain a few Democratic seats and Boehner with a smaller majority will not be able move anything forward. Obstructionism as a political tool may run out of steam.