What well-known public figure said “Nobody, no individual nor country, can indefinitely spend more than she or he earns. Two plus two always adds up to four, never five.”
- Senator Barry Goldwater
- President Ronald Reagan
- Columnist Cal Thomas
- President Barrack Obama
- Cuban President Raul Castro
Given their political proclivities, it could certainly have been a comment from any of the first three. That view is fundamental to conservative thought.
President Obama might have said it in a moment of lucidity, because he’s a bright fellow with a penchant for speaking publicly with more candor than we are sometimes comfortable with.
But, if you guessed any of these, you would have been wrong. It was Raul Castro, in a very public forum, who then went on to say, “Within the conditions of our imperfect socialism, due to our own shortcomings, two plus two often adds up to three.”
Reminder: Join me on Take Stock with Ellis Traub, Thursday evening at 7:30PM Eastern (6:30PM Central). Call (347) 857-3608 to listen. Dial "1" to chat.
This week we’ll talk about the benefits (?) of Technical Analysis. (Looking for a debate!)