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Post by AztecWilliam on May 14, 2010 9:02:04 GMT -8
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Post by aztecwin on May 15, 2010 5:18:48 GMT -8
Interesting article.
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Post by AlwaysAnAztec on May 17, 2010 8:49:23 GMT -8
This IS the "End of the World as We Know It" whether we like it or not.
Had a great discussion over the weekend with a number of guys who do serious business overseas. EVERYTHING is based in Asia. More specifically, China. One also needs to realize that the type of governments running those economies are very authoritarian if not outright communist.
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Post by AztecWilliam on May 17, 2010 12:21:16 GMT -8
This IS the "End of the World as We Know It" whether we like it or not. Had a great discussion over the weekend with a number of guys who do serious business overseas. EVERYTHING is based in Asia. More specifically, China. One also needs to realize that the type of governments running those economies are very authoritarian if not outright communist. A sobering truth, isn't it. The fact is that both the EU and we have been heading down a dead-end road for quite some time, a world in which way too many people are dependent on the largess of the government and way too few people are left to carry the load. I don't know about Europe, but I do believe that it is not too late for us to make a U-turn and get back to long term solvency. Barack Obama would become a national hero if he would tell the truth to the American people. He should use his bully pulpit to announce that promised entitlements for those from 40 to 50 years of age will be cut moderately, and those under 40 will be cut dramatically. He should, furthermore, say to the American people, "You can and should save more for your own retirement." He (or she) could then point out all the collateral benefits stemming from increased personal savings, and there are many of those. Finally, he/she could outline the disastrous future that awaits any country that continues, generation after generation, to attempt to remove from human life all risks and dangers via a huge welfare state type government. Instead, Obama has trumpeted the obviously false idea that by increasing entitlements we will in some future year decrease the national debt. At least he has not predicted a balanced budget; I suppose that's too big a whopper even for him to swallow. A Democrat could do that. . . barely, perhaps, but he could do it. It would be like a Cold-Warrior such as Richard Nixon going to China. A Dem would have been called a traitor. Should our nation move to a more solvent financial basis with limited debt and generally balanced budgets, I feel we would better be able to face the challenge of the rising Asian economies. That will never happen until, some fine day, a U.S. Chief Executive tells Americans the truth. AzWm
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