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	<title>Comments on: Future Spending Plans</title>
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	<link>http://www.ritholtz.com/blog/2008/11/future-spending-plans/</link>
	<description>Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media</description>
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		<title>By: KJ Foehr</title>
		<link>http://www.ritholtz.com/blog/2008/11/future-spending-plans/comment-page-1/#comment-129665</link>
		<dc:creator>KJ Foehr</dc:creator>
		<pubDate>Sun, 30 Nov 2008 23:53:49 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=11336#comment-129665</guid>
		<description>@MEH

Remember, remember, the 5th of November.

http://www.youtube.com/watch?v=hBM7B3NwBtw&amp;feature=related</description>
		<content:encoded><![CDATA[<p>@MEH</p>
<p>Remember, remember, the 5th of November.</p>
<p><a href="http://www.youtube.com/watch?v=hBM7B3NwBtw&amp;feature=related" rel="nofollow">http://www.youtube.com/watch?v=hBM7B3NwBtw&amp;feature=related</a></p>
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		<title>By: Mark E Hoffer</title>
		<link>http://www.ritholtz.com/blog/2008/11/future-spending-plans/comment-page-1/#comment-129536</link>
		<dc:creator>Mark E Hoffer</dc:creator>
		<pubDate>Sun, 30 Nov 2008 04:27:22 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=11336#comment-129536</guid>
		<description>RAA, 

it would have had to just to break even from FDR&#039;s, in &#039;33, 40% devaluation of the U$D.

KJ, 

speaking of FDR, with him, we&#039;ve been on the Express Train, of Federal Totalitarianism, with a One-Way ticket.  
The last President that tried to switch us from the track, never left Dallas --22 Nov 63.

Change, if any is to, ever, come, is going to, as always, have to come from the bottom.

Need we be reminded that our Constitutional Republic was ordered: Individual, State, Federal?
That pyramid has been inverted..

Speaking of Obama, let&#039;s see if he unwinds The P*triot Act, the many, surreal, provisions of the John Warner Defense Authorization Act, and/or the multitude of other Executive abuses that have accumulated, like scrub brush, over the last ~75 years.

Simply KJ, now is no time to be find out, ex post, whether one is a &#039;naive rube&#039;, if one suspects there are important operating aspects that one may not be aware of, it is time for further study.. 

btw, just to let you know, when you used &#039;enlightened&#039;, in your first post, I saw that as covering &#039;free&#039;, as well..</description>
		<content:encoded><![CDATA[<p>RAA, </p>
<p>it would have had to just to break even from FDR&#8217;s, in &#8216;33, 40% devaluation of the U$D.</p>
<p>KJ, </p>
<p>speaking of FDR, with him, we&#8217;ve been on the Express Train, of Federal Totalitarianism, with a One-Way ticket.<br />
The last President that tried to switch us from the track, never left Dallas &#8211;22 Nov 63.</p>
<p>Change, if any is to, ever, come, is going to, as always, have to come from the bottom.</p>
<p>Need we be reminded that our Constitutional Republic was ordered: Individual, State, Federal?<br />
That pyramid has been inverted..</p>
<p>Speaking of Obama, let&#8217;s see if he unwinds The P*triot Act, the many, surreal, provisions of the John Warner Defense Authorization Act, and/or the multitude of other Executive abuses that have accumulated, like scrub brush, over the last ~75 years.</p>
<p>Simply KJ, now is no time to be find out, ex post, whether one is a &#8216;naive rube&#8217;, if one suspects there are important operating aspects that one may not be aware of, it is time for further study.. </p>
<p>btw, just to let you know, when you used &#8216;enlightened&#8217;, in your first post, I saw that as covering &#8216;free&#8217;, as well..</p>
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		<title>By: RiskAverseAlert</title>
		<link>http://www.ritholtz.com/blog/2008/11/future-spending-plans/comment-page-1/#comment-129532</link>
		<dc:creator>RiskAverseAlert</dc:creator>
		<pubDate>Sun, 30 Nov 2008 03:40:09 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=11336#comment-129532</guid>
		<description>1932-1940 were very bad years for the economy ... yet the stock market more than doubled. Go figure.</description>
		<content:encoded><![CDATA[<p>1932-1940 were very bad years for the economy &#8230; yet the stock market more than doubled. Go figure.</p>
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		<title>By: KJ Foehr</title>
		<link>http://www.ritholtz.com/blog/2008/11/future-spending-plans/comment-page-1/#comment-129529</link>
		<dc:creator>KJ Foehr</dc:creator>
		<pubDate>Sun, 30 Nov 2008 03:20:53 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=11336#comment-129529</guid>
		<description>@Mark,  To follow your point, I intended, but then failed, to add the word &quot;free&quot;:  If you are wrong, then perhaps we will finally begin to move in a more enlightened (free) direction.  

What chance do you give us / him, less than 1%?</description>
		<content:encoded><![CDATA[<p>@Mark,  To follow your point, I intended, but then failed, to add the word &#8220;free&#8221;:  If you are wrong, then perhaps we will finally begin to move in a more enlightened (free) direction.  </p>
<p>What chance do you give us / him, less than 1%?</p>
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		<title>By: KJ Foehr</title>
		<link>http://www.ritholtz.com/blog/2008/11/future-spending-plans/comment-page-1/#comment-129528</link>
		<dc:creator>KJ Foehr</dc:creator>
		<pubDate>Sun, 30 Nov 2008 03:13:06 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=11336#comment-129528</guid>
		<description>@LB, great post.  I agree completely with your assessment and I suspect Obama and friends do too.

@Mark, it will be interesting to see how far O gets with his change that I assume would be in the direction LB outlines.  If you are right, he will be prevented from doing so.  If you are wrong, then we may finally begin to move in a more enlightened direction.  Perhaps I am just a naïve rube, but I am expecting the latter.  Wish him / us luck.</description>
		<content:encoded><![CDATA[<p>@LB, great post.  I agree completely with your assessment and I suspect Obama and friends do too.</p>
<p>@Mark, it will be interesting to see how far O gets with his change that I assume would be in the direction LB outlines.  If you are right, he will be prevented from doing so.  If you are wrong, then we may finally begin to move in a more enlightened direction.  Perhaps I am just a naïve rube, but I am expecting the latter.  Wish him / us luck.</p>
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		<title>By: Mark E Hoffer</title>
		<link>http://www.ritholtz.com/blog/2008/11/future-spending-plans/comment-page-1/#comment-129484</link>
		<dc:creator>Mark E Hoffer</dc:creator>
		<pubDate>Sat, 29 Nov 2008 19:46:37 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=11336#comment-129484</guid>
		<description>lb, 

no doubt that you&#039;re presenting the proper course for a constructive way forward, though, many of the things that you&#039;re alluding to have been well-know, and well-proven, oftentimes, for decades.  We should really be Researching why we haven&#039;t been allowed to Develop them..

the short answer is:  Our Economy is predicated upon Waste to entrench socio-economic divisions within it..IOW, on this Plan-tation, We&#039;ve been kept as Slaves..

Grimly, though, there&#039;s, as always, been more Slaves than the Master has bullets.  We, per usual, are our own best keeper~~ &quot;None more hopelessly enslaved than those who falsely believe they are Free.&quot;
http://www.icerocket.com/search?tab=web&amp;fr=h&amp;q=None+more+hopelessly+enslaved+&amp;x=41&amp;y=13</description>
		<content:encoded><![CDATA[<p>lb, </p>
<p>no doubt that you&#8217;re presenting the proper course for a constructive way forward, though, many of the things that you&#8217;re alluding to have been well-know, and well-proven, oftentimes, for decades.  We should really be Researching why we haven&#8217;t been allowed to Develop them..</p>
<p>the short answer is:  Our Economy is predicated upon Waste to entrench socio-economic divisions within it..IOW, on this Plan-tation, We&#8217;ve been kept as Slaves..</p>
<p>Grimly, though, there&#8217;s, as always, been more Slaves than the Master has bullets.  We, per usual, are our own best keeper~~ &#8220;None more hopelessly enslaved than those who falsely believe they are Free.&#8221;<br />
<a href="http://www.icerocket.com/search?tab=web&amp;fr=h&amp;q=None+more+hopelessly+enslaved+&amp;x=41&amp;y=13" rel="nofollow">http://www.icerocket.com/search?tab=web&amp;fr=h&amp;q=None+more+hopelessly+enslaved+&amp;x=41&amp;y=13</a></p>
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		<title>By: DL</title>
		<link>http://www.ritholtz.com/blog/2008/11/future-spending-plans/comment-page-1/#comment-129482</link>
		<dc:creator>DL</dc:creator>
		<pubDate>Sat, 29 Nov 2008 19:29:55 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=11336#comment-129482</guid>
		<description>If the price is right, I&#039;ll buy a new car in 2009.  

And, of course, I&#039;ll want zero percent financing.</description>
		<content:encoded><![CDATA[<p>If the price is right, I&#8217;ll buy a new car in 2009.  </p>
<p>And, of course, I&#8217;ll want zero percent financing.</p>
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		<title>By: Mannwich</title>
		<link>http://www.ritholtz.com/blog/2008/11/future-spending-plans/comment-page-1/#comment-129475</link>
		<dc:creator>Mannwich</dc:creator>
		<pubDate>Sat, 29 Nov 2008 18:58:14 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=11336#comment-129475</guid>
		<description>Right on, Leftback.

However, many of those things you mention take true vision, leadership, time, patience, a collective will &amp; perserverance, and above all, solid execution.  Are we as a culture (of uber-instant gratification &amp; &quot;free lunches&quot;) capable anymore?  That, to me, is the million, no trillion, dollar question.</description>
		<content:encoded><![CDATA[<p>Right on, Leftback.</p>
<p>However, many of those things you mention take true vision, leadership, time, patience, a collective will &amp; perserverance, and above all, solid execution.  Are we as a culture (of uber-instant gratification &amp; &#8220;free lunches&#8221;) capable anymore?  That, to me, is the million, no trillion, dollar question.</p>
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		<title>By: leftback</title>
		<link>http://www.ritholtz.com/blog/2008/11/future-spending-plans/comment-page-1/#comment-129462</link>
		<dc:creator>leftback</dc:creator>
		<pubDate>Sat, 29 Nov 2008 18:05:18 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=11336#comment-129462</guid>
		<description>Boomer 108 : &quot;how the government can get us out of this fix&quot;

Slowly, gradually and with great patience. Oh wait, this is America...

Research and development is the answer. Instead of a society that creates &quot;wealth&quot; by inflating paper assets, we need to create new knowledge and develop new technologies. But these innovations should be focused on conservation and utilization of resources and not on consumption. We can do this.

If we focus on cheaper, more efficient and less environmentally damaging ways to feed, clothe and transport people and keep them warm and healthy, we will become a truly more prosperous society. Evolving a common sense model where we produce, consume and recycle locally to eliminate unnecessary energy costs will enable more intelligent use of what will become increasingly scarce resources in terms of energy and commodities. 

I am not advocating protectionism, but the removal of subsidies that promote waste and misallocation of resources. I think we will see less corn-to-ethanol idiocy and more application of modern technology to solve our problems. Think we can&#039;t build better and safer nuclear power plants, fast and safe rail-based public transportation, and convert automobiles and buses to CNG? All you have to do is look at Japan and some of the Nordic countries - we are living in the Dark Ages here in the U.S.

Let&#039;s build things that are creative, technologically innovative, architecturally attractive and useful. No more shopping malls, no more business schools, no more exurbs, no more &quot;one-stop financial centers&quot;. 
I predict that one day the HQ of a major investment bank will be demolished and people will cheer. This has been a dark period in American history.</description>
		<content:encoded><![CDATA[<p>Boomer 108 : &#8220;how the government can get us out of this fix&#8221;</p>
<p>Slowly, gradually and with great patience. Oh wait, this is America&#8230;</p>
<p>Research and development is the answer. Instead of a society that creates &#8220;wealth&#8221; by inflating paper assets, we need to create new knowledge and develop new technologies. But these innovations should be focused on conservation and utilization of resources and not on consumption. We can do this.</p>
<p>If we focus on cheaper, more efficient and less environmentally damaging ways to feed, clothe and transport people and keep them warm and healthy, we will become a truly more prosperous society. Evolving a common sense model where we produce, consume and recycle locally to eliminate unnecessary energy costs will enable more intelligent use of what will become increasingly scarce resources in terms of energy and commodities. </p>
<p>I am not advocating protectionism, but the removal of subsidies that promote waste and misallocation of resources. I think we will see less corn-to-ethanol idiocy and more application of modern technology to solve our problems. Think we can&#8217;t build better and safer nuclear power plants, fast and safe rail-based public transportation, and convert automobiles and buses to CNG? All you have to do is look at Japan and some of the Nordic countries &#8211; we are living in the Dark Ages here in the U.S.</p>
<p>Let&#8217;s build things that are creative, technologically innovative, architecturally attractive and useful. No more shopping malls, no more business schools, no more exurbs, no more &#8220;one-stop financial centers&#8221;.<br />
I predict that one day the HQ of a major investment bank will be demolished and people will cheer. This has been a dark period in American history.</p>
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		<title>By: Boomer108</title>
		<link>http://www.ritholtz.com/blog/2008/11/future-spending-plans/comment-page-1/#comment-129448</link>
		<dc:creator>Boomer108</dc:creator>
		<pubDate>Sat, 29 Nov 2008 16:04:40 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=11336#comment-129448</guid>
		<description>It might be interesting to have a thread on peoples&#039; thoughts re how the government can get us out of this fix.  (I know I have some ideas!)  Barry can take what he thinks are the best policy prescriptions and ship them to www.change.gov.  Obama is looking for new ideas!</description>
		<content:encoded><![CDATA[<p>It might be interesting to have a thread on peoples&#8217; thoughts re how the government can get us out of this fix.  (I know I have some ideas!)  Barry can take what he thinks are the best policy prescriptions and ship them to <a href="http://www.change.gov" rel="nofollow">http://www.change.gov</a>.  Obama is looking for new ideas!</p>
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