It appears that what ever can be done should be done. We have been exposed to the greatest outgrowth of Greed ever known to mankind. It has happened that most individuals in the world do not have anyone else in mind other than themselves.
I do not blame the Bush administration for the situation we are in but over the last eight years it was the opinion of both political parties that saw this recession coming but only felt if you let the rich get richer the wealth will flow down to the less fortunate. This is called Reaganomics which didn’t work then and will not work now.
The one thing we did not need during this time is a war which only spends money we don’t have. It is nice trying to be the man in the white hat and coming to the aid of everyone in need. We were told that we should be in the position of action and not reaction to world situations. It’s nice to be a big brother and fix everything but when money is running out good deeds should be the first thing to go. Look out for your own well being as a country or you will be the one in need as we are very quickly learning.
No one seemed to learn from the great depression. At that time it was called, buying on the "Margin” which meant purchasing large numbers of stocks and bonds with only a signature with the promise of payment. Now they call it “Hedge Funds” which means
collecting worthless stocks and bonds into one group and selling them with promise
of payment which does not work. The only thing now it is not just the Stock Market
losing money but Insurance Companies thought they could insure these “Hedge Funds” and they would never need to pay off on the policy. Now we all know that the Insurance
Companies don’t have the money to pay, and we know that is the same as buying
with no money to back the purchase.
We have been told and taught our whole life by our parents that went through the depression.
Don't spend more than you can afford. The "now" generation will not heed what they have been
The only thing “Government” can do is print more money to buy up these debts. Remember “Government” never makes a profit so money coming in can only be obtained by taxes. Taxes are the product that governments manufactures to sell to the people. A company can only make money if it has a product or service to sell that someone wants or needs. We do not want or need taxes but that is what the government is selling to us.
We have very little choice.
If the government prints more money and the amount of currency exceeds the amount of income then we have inflation. If inflation becomes too great then we will see in this country some of the things we have seen in other countries, carrying money around in wheel barrows just to pay for what we need. When this happens needs slowing decrease and all you have left is survival.
The War in Afghanistan (2001–present), which began on October 7, 2001, was launched by the United States and the United Kingdom in response to the September 11, 2001 attacks. It was the beginning of the George W. Bush administration's War on Terrorism. The stated purpose of the invasion was to capture Osama bin Laden, destroy al-Qaeda, and remove the Taliban regime which had provided support and safe harbor to al-Qaeda.
The Iraq War, also known as Operation Iraqi Freedom (U.S.), Operation Telic (UK), or the occupation of Iraq, is an ongoing conflict which began on March 20, 2003 with the United States-led invasion of Iraq by a multinational coalition composed of U.S. and UK troops supported by smaller contingents from Australia, Denmark, Poland, and other nations