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Stronger Dollar, Metals Rising?

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Pillar of the Community
hockingzig's Avatar
United States
1450 Posts
 Posted 07/12/2011  10:55 pm  Show Profile   Bookmark this reply Add hockingzig to your friends list Get a Link to this Reply
Ed_B,I am in the same place you are. I don't think these debt problems can be fixed in any rational way. Austerity can only be pushed so far but once you create a monster you only have two choices,feed it or kill it,if you don't,it will turn on you and devour you. I don't know what the answer is but I think we blew the opportunities a few years ago to change our path. I fear now,the medicine is stronger that the patient(the American people)can abide.
Pillar of the Community
Ed_B's Avatar
United States
4008 Posts
 Posted 07/13/2011  6:39 pm  Show Profile   Bookmark this reply Add Ed_B to your friends list Get a Link to this Reply
I think that you are right about that, Hock. I see really big problems in the same way as I would facing the problem of a large meteor coming towards the Earth. The farther away it is when we take action against it, the smaller the force can be and still deflect it from hitting us. The longer we wait, however, the more force is needed and the smaller the deflection is that results from our action. Clearly, doing a little ASAP is at least as good as, if not better than, waiting until the last minute and then going all out.

Like you, I believe that there are solutions that can be used to solve our huge debt and spending problems over time. We really do not need to solve it quickly but we do need to establish a process whereby it will become solved over time. Whether or not this can be done in a politically acceptable way is something that no one knows. I hope that this would be the case but am afraid that it isn't.

While we are currently facing some huge financial problems, this could also be seen as an opportunity to make some good long-range changes that would lead to a sustainable financial future for us, our families, and for future generations of Americans. Hopefully, enough people who are involved in creating the solutions that we need will also see the opportunity here and take advantage of them.

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