wrote in message
...
On Jan 10, 8:59 pm, "Calif Bill" wrote:
wrote in message

t...

On Sat, 10 Jan 2009 17:03:33 -0500, BAR wrote:

I am willing to wait it out. We don't need to go deeper into debt. It
is
going to be a little bit painful for some but, that's life.

Now, you're concerned about debt? Where was all that fiscal conservatism
when the last 3 Republican administrations were piling on the debt?

http://zfacts.com/p/318.html

The last 8 year Democrat administration piled on spending also. Only
difference is there was the Dot.com boom, that allowed the administration
to
overspend without excess borrowing. Same reason a Democrat controlled
Calif
is in deep financial poop. During the Dot.com boom, they expanded
spending,
permanent spending programs, with not permanent money.

The Y2K hoax added a lot to the dot com boom too.. Everyone bought new
computers.. At the same time, the next three years were bust, well,
because everyone already had new computers...

The new computers and the y2k were minor factors. Was easy money and greed
just like the subprime housing boom. lots of people believing the Wall
Street analyists that these companies with just a website would keep
increasing in value. Buy now, sell the stock in 3 months for 1000%+ gain.
Plus all the easy money Greenspan freed up.