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I completely agree. This was LONG OVERDUE. It is scary but we just have to face it. The US just can't handle its debt responsibly. Congressmen are too busy trying to keep a clean image that they aren't fixing anything.

You make it sound so simple. As if a dumb newbie could understand all this. Congrats to you man! However you probably have years of experience.

Regan was an actor. He took on debt without having a plan to pay it back. He left it for George to deal with. George didn't know what to do with it except increase it. He left it to see if Clinton could deal with it. At this point it started spiraling out of control. Clinton couldn't stop it...

It sounds like you're very passionate about trading. My two cents are don't get carried away with dreams of quick easy money. The business is built around trades. That means that on any given trade somebody is going to win and the other person is going to lose. The veterans will screw the...

This must be a joke! Nonetheless, if it happens I'm in! Those South Americans are crazy. That is a very creative way to make money though. They're basically screwing their governments out of any taxes on incomes gained through trading. If it happens I wonder how governments would deal...

The rich have worked hard to earn their fortunes. What's a fortune if you're not willing to spend it? Why do you think rich people buy mansions when they don't have enough immediate family members to fill them? Why do they buy nice cars? Owning a soccer team is most definitely a status symbol.

Of course, Standard & Poors isn't actually allowed to evaluate our U.S. debt. Who is? Well, nobody. Why? Because U.S. economics > the world! I'm glad they sent out this message... facing reality may be tough, but it's necessary.