Quote:
Originally Posted by aschen
(Post 10160203)
Tax Revenue needs to go substantially up AND spending needs to be substantially reduced to have any hope of making a big dent in the debt with in a couple generations.
We are in for tough times at some point though I don't pretend to predict how and when it will materialize. We have had this same harsh reality for many years now, but if you would have change you porfolio based on it you would have screwed yourself for sure.
I am reminded of kids with credit cards making minimum payments and applying for more......
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Neither do I...
I can work out the possible scenarios...
TABS time is different than either geologic or economic time...We each have our own schedules...and the twain seldom meets.
I feel we are eventually headed for a much more decentralized "Green" world*....
This science and technological world of economies of scale is going to fail. The model is flawed...Science and technology has become the new religion that is going to save you from yourself. That is the height of arrogance.....it is a reliance on the material world at the expense of mans spiritual self.
*Do you think my vision does not have hope? There ^^^ it is.
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