I’m so tired of constant budget cuts in public services and education, et al, every time the market hiccups. How should they be funded so as to have a guaranteed constant income?
Bsherman: Until you see your neighbor selling apples on the street corner, it’s a hiccup. This may be the biggest downturn since the Great Depression, but it’s no where near that bad (they didn’t have unemployment insurance then, remember, among other differences).
Tags: Downturn, Insurance, Market Swings
Have the government act like responsible people.
During the upticks, don’t spend every penny of extra revenue.
Save it, and dip into that fund during downturns.
So you think the current financial crisis is a hiccup?
If that is your level of economic understanding, then there is no way you can understand the answer to your question.