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08-06-2011, 08:04

Post: 179687

DennisCTB

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Join Date: Nov 1998
Location: NorthWest NJ
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Debt Ceiling Jobs Stock Market fall what is next

What do you TP members think of what is going on today. Lower US debt rating. Some say we should increase spending to spur employment.

I am saddened to see the US having done basically nothing to make at least our infrastructure a leader in the last decade. For example who has the highest speed trains in the world, not us, China. If we build high speed trains where will they come from, not here, probably China.

Clearly being the world's traffic cop has cost us. Buying bombs instead of butter cannot go on forever.

But what this administration and congress call economic stimulus, sending each of us a couple hundred bucks, seems so wasteful and superficial to me, when there are obvious things that need to be better. For example anyone who is ever taken the 100 year old path train from NJ to NY under the Hudson river, has to wonder why haven't they improved this in all these decades. There are thousands of examples across the US, I know capital improvements lack an immediate effect, but when do we get started.

I see us without a plan, like the parent who gives his child a $100 to spend at the Dollar Store, the child spends it in 20 minutes, so the GDP is up but all we have to show for it is garbage. So the cycle goes around and I think we just get weaker and further in debt.

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08-06-2011, 14:59

Post: 179694

DennisCTB

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Debt Ceiling Jobs Stock Market fall what is next

Nice picture, unfortunately he needs to have a couple more people in the picture, congress would fit in there as well

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02-10-2012, 09:18

Post: 182373

DennisCTB

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Debt Ceiling Jobs Stock Market fall what is next

Are we in for a Market correction today..? How much ?

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