We need a balanced budget amendment passed once and for all in Bush's next term. It's time to stop creating debt, start paying it off, and closing the trade deficit. Then and only the will no country on Earth be able to match our economic might.
A balanced budget? From this president?
There is another possibility. Establish property rights in outer space. That would give a place for institutional investors to place their funds and would leverage the economy to unthinkable heights. The rest of the world would have to follow suit, and they can't. We'll never look back and they won't be able to even see where we went we'll be so far ahead.
"We need a balanced budget amendment passed once and for all in Bush's next term."
LOL!! Please do not hold your breath, as you seem to be an intelligent fiscal conservative, something that is opposite of our President (who will be elected to a 2nd term, btw).
Your plan sounds great and America will have to rely on brillant minds (which we have been doing for a couple hundred years) to come up with some new technoligies.
I dont think we will be creating wealth the old fashioned way for some time now. It looks like China is going to take over that top spot now that they have allowed the big corps. to build factories over there. The bad news is they can take over the buildings anytime the commies get greedy or power hungry. They have been allowed to have all the tech that goes with the brick and mortor.
So they have a advantage as long as the rest of the world sells them the natural resources they will need. It sure looks like they are gonna have their hands full taking our place though. I read a article today that many people who came to the city seeking their fortune are returning to the farmland because they are being ripped off while working as slave labor in the factories.
Hopefully someone in America is hard at work coming up with new stuff. I like the space idea. I am sure the US Air Force has stuff up there that will make sure America owns Outer Space.