Thursday, August 25, 2011

Robert Ringer: Cheering People Up Since 1982

SEE HERE The two extremes are 1) Gloom and Doom, and 2) Pollyanna Optimism. Reality usually comes somewhere in between. A salutary lesson that too few seem to have learned is that you can't spend your way out of debt, and putting off a painful remedy only makes things worse. Ringer has been on the gloom and doom side with good reason for a relatively long time. If I had to bet I'd say he's a lot closer to being correct than the pollyanna, all shall be well, crowd who want to keep spending as usual and ignore the huge sucking sound coming from behind. I think it's time to start looking at reality and getting off our duffs to do something. The main thing to do is to stop pretending that the government is a solution to much of anything. As Ronald Reagan said: Government is not the solution to our problem, government is the problem.

No comments:

Post a Comment