And we know a lot of what happened in terms of the explosion of deficit spending, and it was two massive, unpaid for tax cuts that largely benefited wealthiest Americans -- not the middle class that during that time period saw its incomes stagnate or shrink.

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We put them on an education assembly line every day, starting with one station that teaches them a certain subject before automatically moving them to the next class after a certain period of time.

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Harvard issued academic sanctions against approximately 60 students in February who were forced to withdraw from school for a period of time in a cheating scandal that involved the final exam in a class on Congress.

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American Enterprise Institute scholar Charles Murray noted that we now have a political class where many, if not most of its members, never worked for a relevant period of time in private business.

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However, I also do not look at one single time period (like the nearly 38 year period from 1972 through 2010) and presume that every asset class just happened to have a proper balance of its bull and bear extremes.

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