12/05/05 Quotes
..."No generation can contract debts greater than may be paid during the course of its own existence." Thomas Jefferson in a letter to James Madison.
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..."Today, the child born in
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...Today's Daily Reckoning is a recommended read. I check them out on a regular basis. I don't always agree with their assessments, and I certainly don't appreciate some of their opinions, but I usually find them interesting. I like getting a viewpoint that is often the polar opposite of the mainstream media. And I think that Bill Bonner turns a phrase as well as about anyone out there, so I tune in sometimes just for his writing.
...Here's some tidbits from the article: American households spent $531 billion dollars more than their after tax income in the 3rd quarter 2005... According to the Heritage Foundation, national debt is expected to be $16 trillion by 2017..
...Above is a repost from my other blog, but this is all data that likely will impact the stock market at some point in time.
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