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My problem is that my time is so valuable that I can only read those posts that are intelligent and contribute to the subject that I am interested in at the moment. Can someone refer me to such a website? And please be brief. Stosh

It is what John Maynard Keynes said that gov't should do in good times, but the Keynsians must have decided that that part of his theory was too difficult (i.e., doesn't get votes).

Agreed, but wouldn't everyone get to vote on whether to abolish it or not?

ES, GE, and YM are the active ones.

Unfortunately, I see my beloved state of Texas going down the same road. We're probably already past the tipping point, but 10-20 years behind California as far as going broke.

Sad, but probably true. I guess that is one of the main reasons for the rise and fall of so many governments throughout history.......and why the brief history of our system should only be referred to as an experiment. Probably the best we can hope for is that when things get bad enough...

Funny how the liberal left seemed to stay away from this thread. Seems like they should be able to blame it on somebody.......maybe it was Bush's fault. Stosh

Okay, why won't they??? Most of the responses in this thread blame results as being the CAUSE. Is the real cause just flawed human nature, poor gov't framework, what? It may be inevitable...just cycles....you get too fat to get around, so you go on a diet.....you spend all your money, so...

So, why can't they control the spending????

True, but it is not only the voters. Those who sell stuff to the takers (Chambers of Commerce, Walmart, Home Depot, CiCi's, the shopping malls, car dealers, homebuilders, etc. etc.) have politicians on their payrolls and even responsible voters are fooled by all the political smoke and...

I wonder if such results are inevitable in a democracy. When the vote of someone who pays no taxes and won't work counts the same as a hard working, responsible person, how can we expect anything else? It is similar to two wolves and a chicken voting over what to have for dinner. Stosh

How could a place with such beautiful weather, huge coastline, great farmland, innovative entrepreneurs, huge tourism industry, huge energy resources, forests, etc. etc. be such a financial basketcase?? What is the root cause of such a screwup?

Countries reflect the people in it. When we can't borrow any more and have sold off our assets, we will go to work if we still are able and remember how. Stosh

ThriftyBob: A lot of us agree with you, but not nearly enough of us. It is easier to kick the can down the road as long as we can....until the day of reckoning when the solution will be even more painful than dealing with it now. Stosh

It is comforting to know that we have brilliant people in gov't who know how and when to stimulate, how much to put in, and when to pull out. I just wish they could do this with the economy! Stosh

Not so fast there, young'n. I'm 65, be 66 in Aug. I'd bet there are people here on ET a lot older than us. Stosh

Shouldn't your question be: "Are THERE exceptions to this theory?"

Not exactly what you asked but might be helpful: www.bea.gov www.federalreserve.gov www.economicindicators.gov

Accurate spelling is often helpful in conveying an important point. Of course, some people never have an important point to convey so the risk of being misunderstood is negligible.

As previously stated, IB has a demo which is delayed, and IB also has a great paper trading acc't which is real time.....but you have to have a real IB account and must have already funded it.