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Senior Contributor

Re: The problem with is Socialism....

Your brilliant IQ is failing you, Craigo. Better give it a rest. Your rants about how your going to teach those people at the State Fair, is completely irrational, bordering on the insane. As big and tought as you think you are, you are no match for a hundred people, hell bent to take you out.

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Veteran Advisor

Re: The problem with our economy is over spending

Neither is Obama's 'summer of recovery', that we'd been hearing so much about.  You know, the one where he PROMISED that if his stimulus package passed, unemployment would never rise above 8.5%, and we'd see the recovery in progress over the course of this summer?  How's that working out?

 

I don't think any of the politicians know much about what they are doing.  Most of them spend all their time campaigning, and buying votes, and not a lot else.

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Re: The problem with our economy is over spending

Food stamp use vs. the SP 500. More evidence, I guess, that stocks go down when even more lazy shiftless people decide to ot work and burden public finances.

 

http://www.zerohedge.com/contributed/food-stamps-and-government%E2%80%99s-last-put

 

Spent the last week sitting in a beach chair watching yachts go by. Was thinking that the whales are the last ones to hear that the minnows are dying because they are two steps removed in the food chain. And anyway they are probably disinclined to even believe that the health of the minnows is essential to their existence.

 

The interesting thing about the current political discourse is that the middle sized fish are siding with the whales.

 

 

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Advisor

Re: The problem with our economy is over spending

Either lifestyles in the usa have to fall in line with the developing world or some protection against global wage arbitrage must be enacted. Everything else is just hope.
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Senior Contributor

Re: The problem with our economy is over spending


@hardnox604008 wrote:

Spent the last week sitting in a beach chair watching yachts go by. Was thinking that the whales are the last ones to hear that the minnows are dying because they are two steps removed in the food chain. And anyway they are probably disinclined to even believe that the health of the minnows is essential to their existence.

 

The interesting thing about the current political discourse is that the middle sized fish are siding with the whales.

 

 


Nope! No irony in that! None at all!

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Senior Contributor

Re: The problem with our economy is over spending


@hardnox604008 wrote:

Food stamp use vs. the SP 500. More evidence, I guess, that stocks go down when even more lazy shiftless people decide to ot work and burden public finances.

 

http://www.zerohedge.com/contributed/food-stamps-and-government%E2%80%99s-last-put

 

Spent the last week sitting in a beach chair watching yachts go by. Was thinking that the whales are the last ones to hear that the minnows are dying because they are two steps removed in the food chain. And anyway they are probably disinclined to even believe that the health of the minnows is essential to their existence.

 

The interesting thing about the current political discourse is that the middle sized fish are siding with the whales.

 

 


Interesting chart nox.

Was it also enlightening to see all those yachts go by, doing nothing productive, and think of all the people who can not find enough $$ to house and feed themselves properly?

At least the whales are working at feeding themselves only and not gorging.

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Veteran Advisor

Re: The problem with our economy is over spending

The thing is, no one has to go hungry, or without shelter.  In fact, in my opinion, the welfare system has gotten to the point that it is easier to live a cushy life not doing anything, drawing welfare, than it is to actually work anymore.


People with no job are given plenty to eat, a place to live, and all sorts of other perks such as free health care, and free job training.  On top of that, they can not get free cell phones.

For most, it is the leg up they need to improve themselves.

For others, it becomes a way of life, and gaming the system becomes their 'job'.  They find if they trash where they live, they can get moved to a bigger house.  As long as they spend all their food stamps, they get that much, or even more.  If I trash my house, I live in a trashed house.  If I spend my full food budget, we eat ramen noodles.  I know people on welfare who have steak cookouts every weekend all summer.

Yes, it is painful to watch those flaunting their wealth, ignoring the needy, but it is worse to watch the freeloaders, milking the system for more.  At least for the most part the wealthy do something productive.

Re: The problem with our economy is over spending

I guess that is it- the system has permitted all the minnows to go rotten.

 

But the whales will still die off too.

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Veteran Advisor

Re: The problem with our economy is over spending

True enough.  My worry is that the whales will see the end coming, move to some tax haven island, cash out, and leave all of us middle fish to try to fill the void.  If something isn't done soon, the debt will come to the point where the whales will have nothing to lose to just leave, or be shrunk to guppie size, the middle fish will be sucked down to minnows, and the minnows will be crying because there won't be anyone to take care of them.

Think about this. As of 2010, there were just over 307 million population, and today we have a debt of over 14 trillion.

start factoring, and you get 307 thousand to 14 billion

307 to 14 million debt

Figure there are those too young and too old to work, let's cut the people by a little over 1/3 to make things easy to figure, I think I'm being generous considering I could also figure in 9%+ unemployment.

200 people working to 14 million debt

100 people to 7 million

That makes at least $70,000 debt right now for every working person, with another $7,000 to be added this year (1.5 tril deficit).

Considering how many people are working, but have no real assets to pay their $70,000 with, and the whales with their ability to pack up & go to Cancun & not pay into it, how much are us average citizens going to have to pony up to cover this?

 

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Re: The problem with our economy is over spending

Well heck yeah.

 

If you don't gove them 0% taxes and free coffee and donuts they'll take their balls and go home.