Simply Politics and News

[n4807g]

We won't use nuclear weapons. If Iran is dealt with militarily it will be with the agreement of the members of the security council. However, I'm not sure Iran's nuclear interests are defensive.

As for pay for all the "stuff" the government does....of course we can't. Here's one possible answer:

http://quote.bloomberg.com/apps/news?pid=10000039&refer=columnist_currier&sid=amNaxi9TzZRk

"Do you ever wonder of why precious metals are rising in price so substantially?"

Actually....no, I have 7% of my retirement account in OGMNX. We added the fund to our trust offering in Jan. 2002.

The cost of the new Medicare part D is a good example of a program we can't really afford. I agree that the cost of the war is causing part of the current fiscal and deficit problem but it is minor compared to the ongoing and future entitlement/pension/healthcare costs. These problems have their roots in 60+ years of abuse.

I couldn't agree more that we are on the path to a serious adjustment in living standards in the next 10-20 years.

Read the Bloomberg article...very interesting. Particularly the moral issue of saddling our children with debt.

Here's a tidbit from the article:

"Ethical Question

``Our kids face an `odious debt,''' wrote Arnott, founder of Research Affiliates LLC in Pasadena, California, who helps manage mutual funds including the Pimco All Asset Fund. This is, he says, ``a debt burden which they had no role in voluntarily accepting, and for which they've garnered little benefit.

``None of us can unilaterally impose debt on an unwilling third party,'' he continues. ``So there's a question as to whether under-funded pension obligations are an ethical burden to pass on to our children, and indeed whether this obligation may legitimately be abrogated by future generations. This affects public and private pensions, as well as Social Security and Medicare, to the extent that any of these is under-funded.''.."