You can do what the smart ones are doing and invest abroad but live here for family or whatever reasons. You can invest in real estate assets so that the passive income replaces your earned income.
That's a pretty hefty deficit we have ourselves in. I would still take 8 years of stagflation over losing almost all of our capital in a matter of months.
I think we need another stimulus plan. The first one isn't working out too well, but if we keep spending money we might recover somehow, and we need a major down payment on socialized healthcare. That'll get the economy moving again!
the stimulus was never going to work this soon. It takes a long time for govt. spending to filter through the system, especially when most of the money in the stimulus bill hasn't been spent yet--and won't be for years. That said, the stimulus is only going to make the economy worse anyway because its all just printed money buying labor for things nobody really needs or wants. If I was inclined to conspiracy theories I'd say it was all a plot by the international banking cabal to destroy the dollar and establish a world currency.
I find it impossibly ridiculous to take Bush supporter's complaints about spending seriously. Now - let's all stop posting in troll threads (basso, TJ, texxx). Please.
i have no problem with criticism of Bush's spending- i've criticized it myself. however, if you feel the deficit under Bush was out of control, how do you defend a deficit 4 times as large, which is what we have under Obama?
