The first thing we do, lets kill all the golf resorts.
In recent days, Peter Schiff’s idea that America needs to start saving is beginning to gain traction. This implies that wasting resources is bad about now. So it sounds like an ideal time to bring up cuts to the military.
In Schiff’s world (and the real world) spending money comes at a cost — go figure! Perhaps it’s time for every rice bowl and sacred cow in the Military Industrial Complex to stand up and be examined. If the positive benefit to defence of any program doesn’t reach the level of the same program’s cost’s negative impact, that program should be ended.
Doomers can see my first nomination at the head of this post. Anyone care to propose something the military is doing that we don’t need as much as the cost would suggest?
It is great that people understand saving again, to bad so many are to stretched. I can see why everyone hates Schiff so much, he’s anti-over-consumption.
Military spending was only about 1.5 trillion last year, seems like allot.
Ah Yes – I hope he makes a ton of money on his book. I guess we must all follow some guru —if we can’t think for ourselves. He has some good ideas to be sure. As he has said, some people that invested late lost money.
That’s why the disclaimer appears on each investment brochure. … “Past performance does not guarantee future results.” You have to know when to hold ‘em and know when to fold ‘em. Take a little off the table and play with the house’s money.
I’ll say this. The gentleman sure seems to like controversy. I’m thinking it might run in the family.
http://en.wikipedia.org/wiki/Irwin_Schiff
John,
I agree with Schiff on a lot of things.
I have not heard from Yossarian in awhile??
Hi, Surak: I’m here. Just haven’t had much to say….
I’ve been absorbing a lot of the new policy stuff. I was at a teacher’s union dinner last week where the Oregon Governor spoke (I sat at the Secretary of State’s table) … he had gone to the same Paul Krugman lecture I had … he was quoting Krugman, shaking his head and saying, “It’s going to be years before we recover significantly..” Boy, when the Guv is starting to quote people I have always read and respected… it’s good.. AND bad.
Everyone wants to see what’s in the Obama stimulus package, and what the states are actually going to get. Hunger. Lots of hunger for news, new numbers… I see a lot of delayed CRE projects here in Oregon…
Right now, that’s kind of all I can say.
Oh, yeah, and Schiff is pretty much correct …. but he really did NOT do a great job prepping his client’s portfolios. Hell, I was only off 2 percent last year, and I mostly just went long Treasuries.