Sometimes all the trees get in the way of seeing the forest. This is an outside the forest view:
There is an interesting comment on an article in “The Hill”; “Financial crisis cost households $17 trillion, Treasury official says” By Jay Heflin - 05/03/10 02:42 PM ET
"The country was not founded - nor did it outpace the rest of the world on the principle's you are espousing’ - RON KIRSCH
Actually it was founded on what we in Australia would call "a fair go".
Your system is far from fair now.
It was founded on a set of principles that are ignored now.
It outpaced the rest of the world because it was well managed. Zero debt, plentiful resources, money that held its value, and no expensive wars until WW2.
None of that is true today.
You're the crack addicts of the world. You bash countries for oil, you borrow money from everyone and never pay it back, and you've sold everything you had for the next feel good moment.
You're fast running out of feel good moments. I fear the US comedown is going to be globally devastating. There's nothing more scary than a crackhead on a comedown.”
Actually it was founded on what we in Australia would call "a fair go".
Your system is far from fair now.
It was founded on a set of principles that are ignored now.
It outpaced the rest of the world because it was well managed. Zero debt, plentiful resources, money that held its value, and no expensive wars until WW2.
None of that is true today.
You're the crack addicts of the world. You bash countries for oil, you borrow money from everyone and never pay it back, and you've sold everything you had for the next feel good moment.
You're fast running out of feel good moments. I fear the US comedown is going to be globally devastating. There's nothing more scary than a crackhead on a comedown.”
BY on 11/27/2010 at 19:18
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