Wrythe1985 posted on Oct 26, 2009 5:23:06 PM - Report post
Exactly Dhamp....You cannot get out of debt by creating debt, especially unnecessary debt see cash for clunkers. And you cannot create profit by spending more than you make...see positive cash flows ie. monies coming in > monies going out. Basic economic fundies all, Obama seems to have been asleep in his econ classes or failed basic home finance. Either way we need to stop bleeding money by rethinking how we are going to spend what little global credit we have left. Oh, and one other little tidbit I forgot.....when you run out of cash, you can't expect to just print more money with out deflating the current value of the currency. We need to create jobs like they did in the 30's...building sidewalks to nowhere only to give a man a job. Handouts are ok if you can afford them....if you can't, well it's obviously a bad idea. Give a man a fish he eats for a day, teach a man to fish and he has a new occupation which leads to a stable and productive economy for all involved. We are a capitalist society......money makes our world go round like it or not. We aren't Communists...<---(economic system not government system) we don't thrive on wealth redistribution.