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Originally Posted by Charles
The Dow at 11,000? Sounds good to me. But after the tech bubble, and the housing bubble, I can't help but fear that we may see a government spending bubble next.
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I agree, but would characterize it differently. We aren't spending too much, we're just not paying enough. Less of a spending crisis than a revenue generating crisis. You can guess how I’d go about fixing that.
There are those who have said democracy will ultimately fail because sooner or later the voters discover they have the keys to the cookie jar. (I do love a good mixed metaphor) It’s looking more and more like we’re getting there. Lower taxes, then lower taxes. After that, we need a tax cut. We’re not the most responsible lot. And if anyone were stupid enough to run on a “we need to pay the bills” ticket, I’d not count their chances of getting elected as very high.