What I have in there now could be zero in 5 more years.

Quote from: triffid on August 18, 2010, 02:03:51 PM
Now, getting to a balanced budget, now that's where alot of us disagree?triffid

Them?  Congress?!?!  They exist to perpetuate their perpetual existence.  It would solve problems to do things right and then they'd be out of a job!            

--Lee

Quote from: triffid on August 18, 2010, 02:22:38 PM
How can we double dip, when in actuallity, we still have negative growth?

@triffid
With respect to your posted Reply #629, the computer simulations of interest payments usually causes system crashes that might even freeze a computer and force a hardware reboot about the years 2025-2040, depending on how inflation, employment, mortgage defaults, etc., etc. is figured.

The collapse occurs no matter what they try.

--Lee

Quote from: triffid on August 18, 2010, 02:27:47 PM
Hi America, what happens today teaches us a valuable lesson. ...

I agree with about all you said, but one thing bothers me:

Some of the blame for the economy lies with average people "who wanted their cake and to eat it, too."  They believed the lies they were told and didn't check into how good things really weren't.  Some intelligent people on the streets know this economic truth, but they may be a victim of other people's decisions in Washington, as well as their own poor decisions, I realize.  But, they're responsible for their own actions if they wanted something that they believed they could have in spite of past evidence to the contrary in the Great Depression.

Too many people don't ever learn, generation to generation.  Otherwise, you're correct, IMO.

--Lee

By 1932, the Great Depression had spread across the globe. In the U.S., unemployment had reached 24.9%,[46] a drought persisted in the agricultural heartland, businesses and families defaulted on record numbers of loans, and more than 5,000 banks had failed.[47] Tens-of-thousands of Americans who found themselves homeless and began congregating in the numerous Hoovervilles (also known as shanty towns or tent cities) that had begun to appear across the country. The name 'Hooverville' was coined by their residents as a sign of their disappointment and frustration with the perceived lack of assistance from the federal government. In response, Hoover and the Congress approved the Federal Home Loan Bank Act, to spur new home construction, and reduce foreclosures. The plan seemed to work, as foreclosures dropped, but it was seen as too little, too late.