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en102
Canadian, eh?
join:2001-01-26
Valencia, CA
 ·RoadRunner Cable
 ·DSL EXTREME
| reply to jsz0
Re: Thank you Bush and the merry band of rethugluicans
Top few reasons why we're _really_ in this mess:
1. Mortgage meltdown (housing went from $200k to $600k in a few years - now its 'correcting')
2. People living on credit - using item #1 as an ATM to pay for cars, vacation, TV's, etc because credit was cheap.
3. 'Best Shore' practices by most industries
4. People buying things they don't really need and charging it to item #2
5. Union mentality (sorry - I have been inside a GM plant) - getting paid $75k/year for janitor service is an insult.
6. U.S. Auto industry - still behind the times on so many fronts. No Biodiesel, few hybrid options, scrapped minivans, CEO's being paid obscene amounts (Toyota CEO makes $1 mil, Ford CEO makes $21mil... and Toyota isn't in the red).
7. Gov't spending money overseas (war, nation building, etc. vs. schools, infrastructure )
I'm sure there's more. | |
endthefed
@charter.com
| yep, there's more.
The Federal Reserve and it's monopoly on our money supply. It was supposed to protect the value of the dollar, but instead it is destroying it.
We need to get rid of our legal tender laws and our dependence on an organization that steals (taxes) us in stealth through inflation.
Don't forget the socailst programs Social Security, Medicare, and Medicaid. Current liabilities from those 3 alone total somewhere in the ball park of $70 trillion. But hey, we need "free" healthcare! We can so afford it! 
And yes, Charter went from 3 divisions of support to two. I haven't heard of the number of employees that will be let go at the end of the year, however. | |
rradina
join:2000-08-08
Chesterfield, MO
| I thought controlled inflation (3%) is a foundation of a healthy, capitalist economy. Think about your home. What if you bought your home for $100,000 and at the end of 20 years, it was still only worth $100,000? Given typical mortgage interest rate, you'll pay ~$200,000 to own that $100,000 home and at the end of 20 years it will need a lot of upgrades and repairs. If you throw in property tax, it cost a lot to own that $100,000 home. However, if inflation increases the value of the home and your salary rises with a cost-of-living increase, the proportionate value of your debt continues to decrease and you finally get ahead and the home actually ends up being a very worthwhile investment.
I thought deflation was evil because then everyone goes broke because today's debt continues to be more valuable and you can never get rid of it.
Imagine if the trillions of dollars we owe (because of our government's overspending) continued to represent MORE rather than less. We'll probably never get out from under our debt as it is, deflation would assure that it would never be possible to get out from under it. | |
Dems and repub
@rr.com
| reply to endthefed
I agree, we are now at the point where those receiving govt sponsored benefits is greater then those who contribute.
Here is some math, SSDI monthly check 1,167$/mo
food stamps 556$/mo
heap 265$/mo
medicaid for family5,221/yr
Amounts taken from govt provided information.
WOULD YOU WORK EITHER? | |
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