Originally Posted by
lavalyn
Debt spending is like that. It feels great when you get both your tax cuts and public spending, but it only goes so far before it catches up to you.
Just as it's (fiscally, if not socially) irresponsible to eat out in expensive restaurants and buy big-ticket televisions and cars while with maxed-out credit cards and going paycheque to paycheque, it's socially irresponsible to cut taxes, while maintaining military spending at whatever stratospheric number it is, and increase the debt while at it, with no plan to raise the money back.
Stay on OP's topic:
It is painful to travel in Europe and most other places when the US$ is as weak as it is today. Personally that did not stop me from taking vacation overseas. The curse of a weak $ has a blessing. As an investor, I over allocate portfolio with international equity, particularly China. That has more than compensated for the loss due to $ weakness.
As for the discussions about social & fiscal responsibilities, tax cuts and national deficit; and how we should not eat out; and the blame game etc.... All that belong to another forum.
Just my 2c.