Posted by LAA on August 25, 2009 at 11:41:29 from (212.93.220.66):
In Reply to: Re: O/T National Debt posted by Buzzman72 on August 25, 2009 at 10:49:05:
A fair amount of that money was simply never there. The inflated stock prices before the big crash were not sustainable. If I bought a stock for 20 bucks and it went to 100 and I did not sell I did not make anything, if, when the bottom fell out I sold at 10 it would be reported that I lost 90 dollars per share but in reality I only lost 10 dollars per share. That was the case with vast amounts of 401-k money -- it was there on paper, for a while, and it was considered part of the GDP -- but it was not tangible. I think people aren't spending our way out of this mess because they either don't have it to spend or are scared to spend what they do have.
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Today's Featured Article - Talk of the Town: The Saga of Grandpa's Tractor - by The following saga is from the Tractor Talk Discussion Forum. Someone. The saga starts with the following message: Hey guys I have a decision to make. I know what you all will probably suggest and it will probably agree with me way down inside, but here it is. I have a picture blown up and framed in my "tractor room" of a Farmall M. It was my Grandpa's tractor, of which whom I never got to meet. He froze to death getting this tractor out of the barn to pull a truck out of the ditch before I was born. Anyway my dad and aunt had to sell it at the auction,
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