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#11
February 14th 05, 05:18 PM
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Mike Coslo wrote:
wrote: Mike Coslo wrote: bb wrote: Michael Coslo wrote: bb wrote: Michael Coslo wrote: snippage Fact is, an awful lot of people NEED some fiscal restraint. Otherwise they make stupid choices and become a drain on society. It is how it is. It is why people on welfare buy lottery tickets when they should be buying food or paying their rent. It is why people think they can make risky investments, and somehow retire to make more money than when they were working. There's also the fact that investment information isn't always on the up and up. Despite all the regulations, we still have messes like Enron. Even if those responsible for the Enron debacle go to jail for a while, it won't bring back the money investors lost. It sure is. But it is like saying that the average voltage of our household outlet is 0 volts. I'll pass on grabbing bare wires of that 0 volt average system if ya don't mind. Sort of. The problem is that unless you buy nothing but index funds, you're not investing in "the market". And even if you do buy index funds, you're investing in a particular index. Y'know what's funny? The same folks who say we don't need restraint when investing life savings are the same ones who want to restrain stem cell research, recreational chemicals (except tobacco and alchohol), contraception, and a bunch of other things. Correct. Social engineering and attempts to force their philosophy on others. Liberals. ?? The folks who want restraints on stem cell research, recreational chemicals (except tobacco and alchohol), contraception, etc., call themselves "conservatives". The plain and simple fact is that any government action is "social engineering and attempt[ing] to force their philosophy on others". By definition. For example, there are tax deductions for home mortgage interest. Such deductions make home ownership more affordable for millions of people, and are in effect a subsidy supporting home ownership vs. renting. work if the government devalues its currency. The most conservative investments have an interest rate that gets adjusted every so often. Is that vehicle capable of losing its principle? No. Principle or principal? There's a big difference. He chose to believe that things were going to get better and to stay the course. By the time he got wise, it was too late. Was it really? Why? He lost his principle. It can happen on that plan. He lost both his principle (move to lower risk as you get older) and his principal (original investment) There are many different time frames on exactly *when* the system will run out of steam or money. A lot of this depends on how much money is taken out by non-standard usage. (read robbing the till) Yep. Of course if one administration takes it out and promises to put it back, and a following administration run by the other party breaks the promise, who is to blame? I don't care WHO took the money out. Be it Democrat or Republican. One of the side effects of being in power is that when it is your group, you reap the benefits as well as the brickbats. There's also the concept of responsibility. Which means that the folks in power, red, blue or purple, cannot simply blame everything on their predecessors and do nothing to fix the problems. Correct. That's a great way to lose power quickly. Unfortunately the Pubs have a track record of doing just that. Too bad. But they didn't lose power in 2004. Nor in 1984 or 1988. The same folks who criticized others for "tax and spend" are now deep into "borrow and spend". Seems to me that it's more responsible to pay-as-you-go than to borrow and let future generations pay for it. If all the Pubs can do is continue to blame the Dems for every problem on the face of the planet, then it means that they are *weak*, because they can't do anything about the Democrats even when they are in power. Funny how things work! 8^) Exactly! Well said, Mike. Thanks, Jim. It's also interesting to note that some people are insulted if you call them "liberals", even though their behavior and viewpoints are exactly that. And some people claim the title "conservative" yet behave in a very different way. 73 de Jim, N2EY |
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