Saw this quote on one of the financial websites that I visit often.
Welcome to Jim Sinclair's MineSet

I think it still applies today.

"The national budget must be balanced. The public debt must be reduced; the arrogance of the authorities must be moderated and controlled. Payments to foreign governments must be reduced, if the nation doesn't want to go bankrupt. People must again learn to work, instead of living on public assistance. --Cicero, 55 BC

And exactly which party do you think ran up an enormous deficit over the past eight years?

White House projects record deficit for 2009 - CNN.com

And McCain is McSame on tax cuts and spending. Why on earth would anyone interested in balancing the budget even consider voting for him?

I really do not know why anyone would vote for either McCain or Obama (base on economic thoughts) both of their tax plans will add billions and billions to the debt.

Actually the last 8 years can not fully be blamed on Bush. So much was the bubbles busting. No matter who would have been in office the housing bubble (for 1 example) would have happened.The war did add a lot, but not all the problems.
The problems have been going on for decades and decades. It will contuine to get worst.

I have not see McCain or Obama actually have any plans to effective deal with the problem. Both make promises that can not be fulfilled.

Excuse me, but that's crap. Bush inherited a surplus and now there's an enormous deficit. So how do you believe this "decades and decades" garbage?

Actually, deregulation of the financial markets which made the housing bubble possible has been going on for decades. Banks were able to make perfectly awful loans, take them out of one pocket and put them in the other.

The last bill that was pushed through by Phil Gramm (R Tx) meant that federal regulators reviewed only 20% of a bank's activities instead of 80%. Sen Gramm then became a lobbyist for Swiss bank, USB. He quit to become an advisor to John McCain.

Responsible governance and greed do not go well together.

Yes, several poiclies that were enacted that have brought about the overall financial banking,securites mess we are in now. Most of these bills (like the new housing bailout package) the lanauage was written by major banks.
These policies were passed both by Rep. and Dem.

And what did Bush or the Republican controlled Congress (through 2006) do to thwart these bad policies?

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Reading is Fundamental.

About the same as the Dem. Congress has done the last two years ..just made matters worst.

As long as Bush holds the veto and there's no enough Dems in Congress to override, it's still the Republicans in charge. Nice try, though.

So, who do you suggest we elect? Still on the Ron Paul kick?

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Reading is Fundamental.

Yep, that is why the Dem gave Bush the housing bail-out package he wanted. Even signed it within 24 hours after it passed.

Yes, I would still rather see "someone like" Ron Paul voted in. Someone that clearly understands the economic crises that is upcoming. That have solutions for those problems.

BUSH WANTED? Read up on it. Bush threatened to VETO that bill.

Ron Paul may understand economics, but his foreign policy ideas are crazy. And he has no chance of winning, so now what?

There are others running not just McCain or Obama.

I do not consider "wasting your vote" crap.
It is never a "wasted" vote if you vote principles.

Regardless if you think his foreign policy is crazy..before long we will not have the real "money" to keep the American mindset of intervention going.
Sure the federal reserve has the ability to keep priniting the money..but eventually it will become worthless.

There are others running, but there's no one else that has a chance at winning. You and I actually live in a state that will influence the election this year. I'm happy to see you vote for Ron Paul -- one less vote for McCain in this place!

Bush threatened to veto the bill because it contained a provision to extend the period for unemployment benefits.

Ron Paul does not understand the economy. He has proposed complete deregulation of all industry and a return to the silver standard. A popular theory amongst Republicans is the trickle down theory of economics. Supposedly, the more money that the super rich get to keep, the more money trickles down to those below. I will admit that a tiny fraction of that increase does trickle down. However, those who benefit from this policy are the super rich. They have such snappy little sayings such as, "a rising tide floats all boats." They talk about "personal resposibility" and their oh so superior morality never realizing why they're getting farther and farther behind.

He is for a sound money system not fiat money. With fiat money the government can just print money with nothing to back it. Ron Paul has the Austrian Economics train of thought.

History of Fiat Money

The Perils of Economic Ignorance by Ron Paul

Main difference is between two schools of thought ,,Austrian Economics and Keynesian Economics

To learn more about Austrian Economics go to Ludwig von Mises Institute - Homepage

I in no way think that we should pattern our economy after Zimbawe. Neither I nor the Dems favor a flat money policy. I wouldn't even credit the GOP with that policy. It's big of Paul to oppose a policy that no party favors. I'm quite familiar with the outmoded economic theories you cited.

Paul's economic proposals would be every bit as disastrous as the Republicans. I know you believe in him, but, it's true. He would be a disaster.

As far as the housing bill goes, Bush, along with Republican members of Congress, did indeed sit down with banking industry representatives. What ended up was a compromise bill that at least did a little something for homeowners.

[quote=kvmj;3039122]I in no way think that we should pattern our economy after Zimbawe. Neither I nor the Dems favor a flat money policy. I wouldn't even credit the GOP with that policy. It's big of Paul to oppose a policy that no party favors. I'm quite familiar with the outmoded economic theories you cited.

Paul's economic proposals would be every bit as disastrous as the Republicans. I know you believe in him, but, it's true. He would be a disaster.

As far as the housing bill goes, Bush, along with Republican members of Congress, did indeed sit down with banking industry representatives. What ended up was a compromise bill that at least did a little something for homeowners.[/QUOTE




Edited We have a fiat money system NOW.
We are heading down the same path... Zimbawe more quickly than most average people realize.
Try reading Jim Sinclair, Jim Rogers, Peter schiff, Nouriel Roubini These are just a few that are speaking the same way.

Nouriel Roubini article
An economic Cassandra whose predictions are coming true - International Herald Tribune