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U.S. Government Job Stimulus Adding More Debt; How Are We Different from Japan?

Basically, there are no major differences in governments. All think they are smarter than than it's citizens. All think they can solve any and all problems. All fail to recognize or admit they are really incompetent because they love the power and prestige and perks more than what is good for their nations. If you doubt that, just look at where the world ecomomy is today. Too much government. Too controlling government. Too spending out of control government. Too greedy government. Too power hungry government. Too many stupid and ignorant politicians.

National Bankruptcy? Not Quite Yet

If the dollar is not worth anything, has the government gone bankrupt or has it caused, by it's actions, bankrupted it's people? At that point does it really make any difference?

Welcome to Salvation (aka Mark to Myth)

Have said this on a couple of other articles regarding MTM. Some say it caused the problem, others disagree. Have read quite a few opinions and this is my take: MTM is being used as a scapegoat to cover up years of reckless spending by government, Congress and many of "us folks". Years of deficit spending, causing inflation and thus the devaluation of our dollar. Years of an ever growing and interfering government into the lives of individuals and businesses. A very poor educational program "dumbing down" our people. Passage of rules and regulations and laws making it almost impossible for anyone to provide a service or product necessary for a healthy and vibrant economy. A government obsessed with power and control over its citizens. Politicians more interested in re-election and less interested in what is good for America. Politicians who know little about balance sheets and income and expense statements. Politicians who think money grows on trees and not off the sweat and toil of its voters who it taxes with little restraint. In summary, a government run amok, a people who have been brainwashed rather than educated and incompetent politicians not qualified to run our Nation. MTM is a scapegoat. And fiddling with this accounting rule is not going to correct years and years of derelict behavior.

New Mark-to-Market Rules: Playing Pretend

Some say it caused the problem, others disagree. Have read many opinions and my answer is: MTM is being used as a scapegoat to cover up years of reckless spending by government, Congress and many of "us folks". Years of deficit spending, causing inflation and thus devaluation of our dollar. Years of ever growing and interfering government into the lives of individuals and businesses. A very poor educational program "dumbing down" our people. Passage of rules and regulations and laws making it almost impossible for anyone to provide a service or product necessary for a healthy and vibrant economy. A government obsessed with power and control over its citizens. Politicians more interested in re-election and less interested in what is good for America. Politicians who know little about balance sheets and income statements. Politicians who think money grows on trees and not off the sweat and toil of its voters who it taxes with little restraint. In summary, a government run amok, a people who have been brainwashed rather than educated and incompetent politicians not qualified to run our Nation. MTM is a scapegoat. And fiddling with this accounting rule is not going to correct years and years of derelict behavior.