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To: The Ox who wrote (3683)	9/29/2014 3:15:05 PM
From: Return to Sender	Read Replies (1) \| Respond to of 8288

What kind of writing do you see on the wall now? usdebtclock.org I actually agree with what you are saying about how we got here. Blame the banking system and not the Fed? Fine... but more banks should have gone under. Someone should have shouldered the blame for what happened. Where do we go from here? I'll tell you one thing the stock market continue to up forever without a bigger correction.

To: The Ox who wrote (3683)	9/29/2014 5:04:00 PM
From: bruwin	1 Recommendation Recommended By Return to Sender Respond to of 8288

"Like way too many back then, being leveraged created the worst possible outcome for him and his family." Yes indeed. A possible good example in this regard, when one considers the 'man in the street', is the way a credit card is used. As long as the compulsory minimum payment is within an individual's ability to pay, he keeps adding debt to that card until eventually the minimum required payment gets too large to handle and then the 'fertilizer hits the fan'. The only way to use that card, IMO, is to pay off the total amount at the end of the 55 day period. At least one has had the free use of the bank's money for 55 days. Another example would be the home mortgage where one takes it out at the limit of one's ability to pay the monthly premium, not bearing in mind that interest rates tend to go up, ... eventually. At the end of the day, Debt is generally bad, be it for an individual, a company or a nation. Needless to say, there are times when borrowing is necessary, but its expense relative to the overall Income or Revenue must be carefully considered. When one considers National Debt, much of that is due to Social Benefit expenses. Some of that is necessary but some comes about due to unemployment and the like. There are many folk out there who expect too much from a government's coffers. The fact of the matter, that probably not enough folk realize, is that a government does not produce or manufacture anything from which it can earn Revenue, as does a Corporation. Whatever it pays out to the public comes, primarily, from Taxes paid by individuals and companies. So if much of America's previous industrial production is now done in other parts of the world, by millions of other employees, then America is unlikely to benefit in terms of employment back home and the Taxes that would result from that employment. It may be fine for an American company that can get something made in China, or wherever, bring it back home and sell it for less than if that item was made in the USA and thereby beat some of its competition. Well, maybe something needs to be done about American payroll expectations, working hours, and a possible trade tariff imposed on certain imported items, especially where offshore labour conditions leave very much to be desired and wage rates are very much below a living wage level. It shouldn't be the case, IMO, that western business should benefit on the backs of poorly treated employees in other parts of the world. I guess it's not for nothing that the likes of Warren Buffett dislikes debt and looks very carefully at a new investment such that debt expense should be <15% of Operating Income and Long Term Debt (L.T.D.) should be as LOW as possible. Buffett looks for companies whose Annual Net Earnings could pay off L.T.D. within a 3 to 4 year Earnings Period, or Less. If I'm not mistaken, one or two of those Very Large banks, who probably were of the opinion that no one could really tell them much, or anything, about the world of finance, had to come cap in hand to Buffett to inject some much needed capital into their ailing banks.