And the reason I argue in the book that earlier depression was over so quickly was because the federal government really did sit back and do nothing, they actually
slashed spending because this was right after World War I.
After you've settled on a withdrawal rate you're comfortable with, the idea is to make gradual adjustments rather than having to
slash your spending because your nest egg's value has declined precipitously or ramp up withdrawals because your savings balance has ballooned.
Not exact matches
That is
because banks, private - equity firms and institutional investors have continued to pour money into the sector even as oil companies
slashed billions of dollars in
spending from their budgets and laid off more than 100,000 workers.
It's not to win, it's not to entertain — it's to get back that investment on the team,
because the ownership group has basically already
spent the money they could
slash are willing to
spend on acquiring the franchise in the first place.
Latino elected leaders joined liberal anti-charter school activists on the steps of City Hall to demand that Success Academy Charter Schools return an $ 8.5 million donation from hedge fund manager John Paulson
because of his role in the Puerto Rican debt crisis — where the government is
slashing education
spending in a desperate effort to balance its books... [Click here to read more]
I hold special scorn for those who want to tear away funding for programs that mostly benefit the disadvantaged,
because this is pure gamesmanship — if politicians were serious about balancing the budget, they'd either tackle defense and entitlement programs, or do something that would be much, much better for the economy than
slashing government
spending: raise taxes on the wealthy.