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Reminder that while we did finally pay off our Revolutionary War debt in 1836, we haven't done that since, and we won't be doing it again at any foreseeable point in the future either. But maybe some can speak to the dire burden that WWII debt has imposed upon them over the years. Lord knows the "Greatest Generation" paid off next to none of that. They just dropped it all on the rest of us with their heartfelt best wishes.
Reminder that while we did finally pay off our Revolutionary War debt in 1836, we haven't done that since, and we won't be doing it again at any foreseeable point in the future either. But maybe some can speak to the dire burden that WWII debt has imposed upon them over the years. Lord knows the "Greatest Generation" paid off next to none of that. They just dropped it all on the rest of us with their heartfelt best wishes.
The greatest generation also lived through a gut wrenching depression they didn’t cause, and fought and won the largest, most brutal war ever. Easy to be an armchair quarterback picking at something you don’t think they did as well, but it sure seems like you’re searching for something to be critical of, to me.
We preserved our standard of living by taking money from our grandchildren, who get to pay off our debt for us. Only cowards do this, leaving our children and grandchildren with unprecedented amount of debt, with dead and socialist managed zombie economy.
Did we start *inheriting* debt when I wasn't looking?
Our economy has been screwed, but it isn't the old taking from the young. It's the mega rich taking everything. Consumer capitalism is not sustainable when that happens, which is why we've need to accumulate debt. Follow the money.
everyone talks about how the markets are the play ground of the big boys .
well news flash . through your 401k , ira's and own investing through the mega fund families you have met the enemy and he is you . you are one of the big boys .
well news flash . through your 401k , ira's and own investing through the mega fund families you have met the enemy and he is you . you are one of the big boys .
That's some interesting sophistry!
Where did you get the idea that the cause of all our economic gains going to the rich since ~1980 have been due to little guys buying stock?
BTW, ~50% of households have owned some stock since 1920. It isn't a new thing.
exactly my point . loads of us have been the "big boys " for a long long time . but yet you will hear those on the sideline talk about how the markets are rigged for the big boys. no one is bigger than fidelity and vanguard .
exactly my point . loads of us have been the "big boys " for a long long time.
Then why is "the rich taking all the economic gains" a new phenomena?
If you want to see who the "big boys" are look at income and wealth. Don't create some bogus metric that defines owning at least one share of stock as a "big boy".
I did. My conclusion was that the only time QE was done in the US was during the 30s and on a much smaller scale.
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