gwinner

An Alternative to the Trillion Dollar Deficit

Yes, it is insane to run a trillion dollar deficit and have ten's of trillions of dollars in debt and unfunded obligations. Keynesian economics is a reasonable idea if you've not already been running massive budget deficits for a decade. Monetary policy is so dangerous, it should only be exercised with great discretion, after all, bad monetary policy is largely responsible for where we are today.

It is also insane to make any proposal for government to do financial bailouts of entity's or individuals. Additionally, government is always less efficient than private industry and it is scary to contemplate what that will mean when they start to hand out infrastructure contracts on a massive basis. Real, sustainable economic growth always comes from the private sector and primarily from small businesses, which government can help more by getting out of the way more than by giving out money.

We need to fire Barny Frank, Chris Dodd, Chuck Schumer and a host of other clowns running our country who have not only been asleep at the watch, but actually promoted the contagion (if unwittingly, that's grounds enough to fire them, if otherwise, send them to jail where they can play poker with Madoff). Government needs to protect property rights and not redefine them through bailouts with our money. The time for a citizen's revolt draws ever closer. If they so much as give a dollar to bailout investors into Madoff's scheme, I'm the first on a plane to DC to start the revolution (no, I'm not going to fly the plane into anything).

Respectfully, all the revised bailout ideas I see posted to Seeking Alpha are more of the same insanity to try to sustain a course that is not sustainable. Is anyone in government willing to tell the citizenry we need to tight the belt, stop overspending "at all cost" and pull together to make it through what promises to be a very rocky ride?

Deflation Is Just Around the Corner

The printing of money is inflationary. People loosing their jobs, homes and investments en mass is deflationary. No one knows where this is headed but it is clear that the US dollar is severely damaged. Where does one invest their money? Food storage is a good option.