You and I are holding most of the debt. I will not go into the details but I will refer you here: http://innovation.cq.com/media/debt_components/. While watching Obama and the Rep. representative hurl accusations at each other like little kids on a playground I cannot helped to think we are kind of doomed. For politicians is all about me me me me wah wah wah. Get the deal done son!
Popularity: 6% [?]
I am a dad, professional engineer, MBA student, and a financial fanatic. I can help you make money in the stock market. I use Fibonacci techniques for retracements and targets, technical analysis, some little fundamental analysis, and automated systems trading. I also trade options. In addition, I use CANSLIM to get neat growth stock ideas. No fluff and no BS.
If you want to discuss stocks, options or personal finance you are welcome to follow me in Twitter (@smarkethacker) or drop me a line to smh@stockmarkethacker.com. In addition, consider subscribing to my RSS feed located in the top right hand corner.
The national deficit has made the US the laughing stock for the rest of the world. We collect plenty in taxes, there is no reason for us not to have enough money to pay our bills. Here is a great rule of thumb to live by. If you don’t have the money, don’t spend the money. There is no reason that our kids should be inheriting the poor choices of our congress. Figure out a deal and let’s get back on the winning track!
Thanks for stopping by. No argument here. The politicos like to play games and what they should be praying is fiscal responsibility. Eliminate pork barrel projects as a start. Close tax loopholes that put small businesses at a disadvantage because they cannot use international money laundering (allowed by the tax code) as large companies do. It is incredible how companies can move money around to avoid taxes. That is a future article…
I agree with both of you. We are the laughing stock for the rest of the world in many areas at this point. Our current administration seems to believe that continuing to create government programs is the way out of this mess. How in the world could spending more reduce our debt in anyway? It’s only a matter of time until the holders of our debt are fed up and look to liquidate.
Thats why everybody is buying gold right now. If the system collapses, the $ and € aren´t worth anything anymore, it will be a safe heaven I guess. But I still hope world economy (it´s not just the USA; we in europe have the same problems) will recover…
There is no reason that our kids should be inheriting the poor choices of our congress. Figure out a deal and let’s get back on the winning track!