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Old 04-11-2008, 08:10 AM
 
33 posts, read 231,837 times
Reputation: 72

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I look at the year 2000 as the end of the good times for the average American. Since then we have had a jobless recovery that has really only helped an elite. The standard of living for the typical American worker has gone down hill. College costs are sky high, utility and energy bills are going even higher, gasoline is moving towards $4.00 a gallon, borrowing costs are high and the availability of credit is falling. While our federal income taxes have fallen somewhat, we are being hit by so many hidden taxes and rapidly rising local and state taxes and surcharges. All these costs make our standard of living continue to drop. How can America ever recover from this?
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Old 04-11-2008, 08:30 AM
 
69,372 posts, read 53,995,163 times
Reputation: 9358
Quote:
Originally Posted by Good_Teacher View Post
How can America ever recover from this?
jobs, jobs, jobs.. and the only thing to do that, is less government involvement and less taxes!!
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Old 04-11-2008, 08:40 AM
 
Location: Raleigh, NC
9,043 posts, read 11,378,478 times
Reputation: 1383
Quote:
Originally Posted by pghquest View Post
jobs, jobs, jobs.. and the only thing to do that, is less government involvement and less taxes!!
Unfortunately, due mostly in part from Greenspan and Bernanke, capitalism will be the victim, the evil doer and antithesis for the benevolent government.

Governments usually prefer socialism (R and D) because freedom and prosperity creates rugged individualism and less dependence on the "system".
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Old 04-11-2008, 09:16 AM
 
Location: Great State of Texas
86,093 posts, read 70,443,120 times
Reputation: 27525
Quote:
Originally Posted by Good_Teacher View Post
I look at the year 2000 as the end of the good times for the average American. Since then we have had a jobless recovery that has really only helped an elite. The standard of living for the typical American worker has gone down hill. College costs are sky high, utility and energy bills are going even higher, gasoline is moving towards $4.00 a gallon, borrowing costs are high and the availability of credit is falling. While our federal income taxes have fallen somewhat, we are being hit by so many hidden taxes and rapidly rising local and state taxes and surcharges. All these costs make our standard of living continue to drop. How can America ever recover from this?
But now we see what caused the "jobless recovery"..cheap money and questionable financial practices.

Rather than increasing paychecks..people got increasing debt and spent "loaned" money, not "earned" money.
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Old 04-11-2008, 09:18 AM
 
Location: Great State of Texas
86,093 posts, read 70,443,120 times
Reputation: 27525
Quote:
Originally Posted by pghquest View Post
jobs, jobs, jobs.. and the only thing to do that, is less government involvement and less taxes!!
The problem is most people want more government involvement today in the form of subsidies, tax credits, outright bailouts.

When there is trouble people look to the government to fix the problem.

We're just getting deeper into this hole.
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Old 04-11-2008, 09:44 AM
 
16,759 posts, read 19,065,302 times
Reputation: 6849
Quote:
Originally Posted by Good_Teacher View Post
I look at the year 2000 as the end of the good times for the average American. Since then we have had a jobless recovery that has really only helped an elite. The standard of living for the typical American worker has gone down hill. College costs are sky high, utility and energy bills are going even higher, gasoline is moving towards $4.00 a gallon, borrowing costs are high and the availability of credit is falling. While our federal income taxes have fallen somewhat, we are being hit by so many hidden taxes and rapidly rising local and state taxes and surcharges. All these costs make our standard of living continue to drop. How can America ever recover from this?
So you are telling me that when the average American took advantage of credit with low interest rates, it was a good thing, knowing far well it was NEVER going to last? College costs goes up... did you expect otherwise? Energy bills are up? Did you think they would go down? Gasoline costs more.. gee where you surprised it went up after the Iraq war? Are you pro-war? If you were, you should stop complaining. Now that credit is taken away because American's were IRRESPONSIBLE for their spending habits and NOT paying back what they owe... you think that is wrong? Increased taxes and surcharges... 9 TRILLION dollars in debt... all from war, entitlement programs, and fraud and corruption in the government from all the war and entitlement programs... The average American CAUSED all the mess with entitlement programs and now they are suffering.. and you blame the elite? You want the "elite" to be overtaxed to pay for your mistakes... they don't get any entitlements from the government and now you want them to continue paying for all of your "extras" and now.. you want them to pay for the average American's mistakes... and who are the elite? The top 10% who worked hard and saved to get there? The top 0.1% who didn't work hard and control the government and financial markets? The top 0.1% earn more than SEVERAL million a year.. yet you target the WRONG people the entire time and complain about them... I have yet to hear professional athelets, movie and TV stars, singers, etc etc get some of the blame (you know the top 0.1% people).. all I hear is the swooning and constant watching of them on television shows. CEOs are part of the group and the criticizing they get is all for SHOW.. nothing happens... you see Congress shake their fingers at them and the next day the same CEOs send the same Congressman a $10k check.. you don't see a problem when you mix government and businesses together?
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Old 04-11-2008, 09:46 AM
 
1,820 posts, read 4,352,567 times
Reputation: 1202
I have been telling people for the last year to stop buying "stuff"; to pay off their debt as quickly as possible because bad times are coming and the only way to make it through will be to be debt-free. At least consumer debt-free. Get those credit cards paid off as quickly as possible and cancel all of those monthly subscriptions that nickel and dime you to death... magazines, movie channels, cable, eating out, going to movies, buying coffees and pastries, NetFlix, gym memberships, extra cell phone charges like internet, games, texting, etc., Stop buying video games, DVDs, CDs, books, etc., (Use the library, they're free to use.) At least narrow them down. Cancel cable altogether and just use NetFlix, if giving up television is too hard for you.

Most Americans won't do this because we don't want to go without. We don't want to be deprived and we've fallen for the media and advertising hype: "Make YOUR life better! YOU deserve the best!" We're addicted to stuff, convenience and entertainment. Microwaves aren't fast enough for us now. We're addicted to instant gratification and sacrificing these comforts is "insane" to us.

It's possible to live simply and get your debts paid off, though. I figured I'd rather "suffer" for a short time and be free from debt for the rest of my life. Then, during the hard times, it won't be so hard. I've put my plan into action and, by the end of the year, I'll be debt free and have some savings.

No, that doesn't make me any better than anyone else. I just wish people would take control of their debt and be drastic about it, instead of babying it so they don't have to hurt, suffer or go without.
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Old 04-11-2008, 09:54 AM
 
1,820 posts, read 4,352,567 times
Reputation: 1202
Quote:
Originally Posted by evilnewbie View Post
So you are telling me that when the average American took advantage of credit with low interest rates, it was a good thing, knowing far well it was NEVER going to last? College costs goes up... did you expect otherwise? Energy bills are up? Did you think they would go down? Gasoline costs more.. gee where you surprised it went up after the Iraq war? Are you pro-war? If you were, you should stop complaining. Now that credit is taken away because American's were IRRESPONSIBLE for their spending habits and NOT paying back what they owe... you think that is wrong? Increased taxes and surcharges... 9 TRILLION dollars in debt... all from war, entitlement programs, and fraud and corruption in the government from all the war and entitlement programs... The average American CAUSED all the mess with entitlement programs and now they are suffering.. and you blame the elite? You want the "elite" to be overtaxed to pay for your mistakes... they don't get any entitlements from the government and now you want them to continue paying for all of your "extras" and now.. you want them to pay for the average American's mistakes...
Even though I think this was stated a bit harshly, I agree with for the most part. Americans don't like taking responsibility for their own actions and we LOVE to find others to blame for our troubles.

The truth is, Americans have been irresponsible when it comes to using credit, but this has been going on FAR LONGER than the Iraq War. The blame can't be fully placed on ANY one event, group, political party, president, congress, or private citizen. We are ALL responsible for the decisions that we make.

In the end, it boils down to the fact that Americans don't want to give up their comforts. They don't want to feel deprived of ANYTHING. And, we love playing the Blame Game, which NEVER, EVER, helps. The damage has been done so take the lesson to be learned from it, do what you can do about it, move on and start making better choices.
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Old 04-11-2008, 10:02 AM
 
1,820 posts, read 4,352,567 times
Reputation: 1202
Quote:
Originally Posted by HappyTexan View Post
The problem is most people want more government involvement today in the form of subsidies, tax credits, outright bailouts.

When there is trouble people look to the government to fix the problem.

We're just getting deeper into this hole.
Exactly. We want someone else to bail us out of our troubles instead of taking responsibility for them ourselves. Personally, I'm looking to move to a place where less is more in government. I think government should reduce taxes, even if it means reducing services.

(That's just MY OPINION for what suits MY LIFE. I'm not saying this would be best for everyone, so please don't bark at this comment.)
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Old 04-11-2008, 11:29 AM
 
Location: Urbana, IL
84 posts, read 245,971 times
Reputation: 31
Quote:
Originally Posted by pghquest View Post
jobs, jobs, jobs.. and the only thing to do that, is less government involvement and less taxes!!

Less taxes? hmmm... Our govt has over 9 trillion of debt, issues bonds to pay interest only, has HUGE social security/medicare bills on the horizon...Less taxes aren't the answer.


FINALLY paying our debt down IS part of the answer
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