california Budget deal, Kicking the can at counties and down the road

[Arraya]

[quote=XBoxBoy][quote=Arraya]That can is quickly coming to the end of the road, on many different levels..[/quote]

I wouldn’t be so sure. In 2004 I thought we were in a bad housing bubble, and that the wheels were going to come off that wagon with a crash. I thought within 6 months everything would collapse. Hah! was I wrong! Now I’ve learned just how slow these things unfold.

I suspect the government can keep this can kicking going on for at least another five to ten years. It will be just a long slow decline.

XBoxBoy[/quote]

That kind of can kicking would take coordinated responses from entities with differing interests and varying abilities. Juxtaposed to the back drop of futher deterioration of economic conditions which underlying drivers are still there and not even really addressed.

[XBoxBoy]

[quote=patb]What’s Arnold going to do next year?[/quote]

Arnold will term-limit out in 2010 I think. Then he will go back to movies I suspect.

[quote=Arraya]That kind of can kicking would take coordinated responses from entities with differing interests and varying abilities.[/quote]

Maybe, but my point is that it’s really amazing how long these things can go on for. You think, “For sure people will wise up to this bs and stop playing along.” But they don’t. If they did, then China would have stopped buying our debt five years ago, housing would be already bottomed out and a normal recovery would be starting. Instead, the whole house of cards that is our economy is stumbling along still in gross imbalance.

Just my 2cents

XBoxBoy

[XBoxBoy]

[quote=patb]What’s Arnold going to do next year?[/quote]

Arnold will term-limit out in 2010 I think. Then he will go back to movies I suspect.

[quote=Arraya]That kind of can kicking would take coordinated responses from entities with differing interests and varying abilities.[/quote]

Maybe, but my point is that it’s really amazing how long these things can go on for. You think, “For sure people will wise up to this bs and stop playing along.” But they don’t. If they did, then China would have stopped buying our debt five years ago, housing would be already bottomed out and a normal recovery would be starting. Instead, the whole house of cards that is our economy is stumbling along still in gross imbalance.

Just my 2cents

XBoxBoy

[XBoxBoy]

[quote=patb]What’s Arnold going to do next year?[/quote]

Arnold will term-limit out in 2010 I think. Then he will go back to movies I suspect.

[quote=Arraya]That kind of can kicking would take coordinated responses from entities with differing interests and varying abilities.[/quote]

Maybe, but my point is that it’s really amazing how long these things can go on for. You think, “For sure people will wise up to this bs and stop playing along.” But they don’t. If they did, then China would have stopped buying our debt five years ago, housing would be already bottomed out and a normal recovery would be starting. Instead, the whole house of cards that is our economy is stumbling along still in gross imbalance.

Just my 2cents

XBoxBoy

[XBoxBoy]

[quote=patb]What’s Arnold going to do next year?[/quote]

Arnold will term-limit out in 2010 I think. Then he will go back to movies I suspect.

[quote=Arraya]That kind of can kicking would take coordinated responses from entities with differing interests and varying abilities.[/quote]

Maybe, but my point is that it’s really amazing how long these things can go on for. You think, “For sure people will wise up to this bs and stop playing along.” But they don’t. If they did, then China would have stopped buying our debt five years ago, housing would be already bottomed out and a normal recovery would be starting. Instead, the whole house of cards that is our economy is stumbling along still in gross imbalance.

Just my 2cents

XBoxBoy

[XBoxBoy]

[quote=patb]What’s Arnold going to do next year?[/quote]

Arnold will term-limit out in 2010 I think. Then he will go back to movies I suspect.

[quote=Arraya]That kind of can kicking would take coordinated responses from entities with differing interests and varying abilities.[/quote]

Maybe, but my point is that it’s really amazing how long these things can go on for. You think, “For sure people will wise up to this bs and stop playing along.” But they don’t. If they did, then China would have stopped buying our debt five years ago, housing would be already bottomed out and a normal recovery would be starting. Instead, the whole house of cards that is our economy is stumbling along still in gross imbalance.

Just my 2cents

XBoxBoy

[Author]

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