Ryan Holton wrote:
steve remchak wrote:
sure Richard. tell it to the folks in and around Chernobyl & Three Mile Island.
While I was just
4 at the time of Three Mile Island, you do know that NOBODY died, right?
Yeah, equating the two is like saying a Yugo is the same as a Veyron since of course they're both cars (then again, I do know some people who think this is true, so heck...).
If it was my choice with that money, I would focus on long term stuff. Every politician stays in office these days with one thing in mind -- short term gain. I would put my funds toward education. After all, the young in this country are going to paying for this massive debt for many decades to come, so I would direct a huge portion of it toward them by
STRONGLY encouraging education in science, technology and finance (and when I say finance, I surely don't mean the traditional crap spewed forth by modern "MBA" programs). I hate to see massive government intervention in our economy in most cases, but if we're going to give crap away (and we've been giving a TON of money away), we should create HUGE incentives for education along those lines including building whatever infrastructure necessary to accommodate it (such as large incentives for private sector employees and business owners to teach at said universities).
Without a large and sustained growth by the young generations of our country in these areas of expertise, the USA will left behind by areas of the world such as China. China will in fact be left holding the kitty bag here, since they will be our single biggest debt holder while at the same time our single biggest competitor, long-term -- kind of a great position to be in, huh? If you were competing against someone in the business world, and you held the loans for the other businesses' assets and even the owner's homes, imagine the potential leverage you could exert on them if you were a scumbag (or a head of a country with a few billion hungry people ready to revolt if you can't feed them).
Hence we're loaning out our children's future in the most massive amount in the history of our country, I say that 80% or more of that loan should go directly toward their future with a strong component on education in science, technology and finance. Yeah, all long term stuff. Yep, in today's environment where all we focus on is short term emotional feel good gain, I'd be voted out of office the day after I said any of the above. I know.
BTW, to take wind out of the sails of the oil baron type sentiment and such, I would strongly encourage everyone to FORGET about pricing commodities (with a world market) in dollars -- especially crude oil. Price them in Euros, Pounds, Aussie dollar, etc. Don't continue to fall for the dumb media blather that 100% ignores the world value of our dollar (which has been going down a steep slope for over 20 years). Want a nasty but "world-realistic" look at the current state of the USA? Price the S&P 500 in Euros since the 2000 market top.
