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Is your Ideal society one where this no welfare, no minimum wages... badically wanting the US to be like a thirld world country...
The national debt is huge but it has nothing to do with the pointless wars that cost TRILLIONS blame the national debt on the poor ...
Some of you are incredibly stupid
You are incredibly stupid. After racking up so much debt ALREADY, what means does the national government have to pay for additional social services?
And some people wonder why we need to pay such high interest.
The debt can be paid down very quickly...the US will dramatically increase inflation and pay it down to "acceptable" levels. How does that work? Well when inflation goes way up..instead of paying $2 for a loaf of bread, you pay $5 (for example)....each dollar is worth less...and so is each dollar owed. So that $15 trillion dollar debt, or whatever it is now, will be only worth $10 trillion with inflation, and the government will pay it down with dollars that are worth significantly less. It's been done before..and if needed, it can be done again.
And another way to look at our "debt problem": When you were 20, how much debt did you have? Maybe $5,000 in credit card debt..with limited income. When you were 25 you had $30,000 in student loans, but working full time so not a problem. When you were 35 you had a $300,000 mortgage + $10,000 in student loans + $20,000 in car loans = $330,000 in debt! OMG that's 10x the debt you had in just 10 years! Clearly there is a huge problem right? WRONG...you can service your debt just fine...and the additional debt it is a product of you becoming wealthier/earning more.
The debt that we have is competely serviceable, and we are paying our bills. This is derailing the conversation though.
the emporor's new clothes show will end when we stop deficit feeding a dead economy.
the jobs are gone. people are doing great in china and india because our only export product is jobs.
there is no recession and recovery, it never happened. its a contraction.
The debt can be paid down very quickly...the US will dramatically increase inflation and pay it down to "acceptable" levels. How does that work? Well when inflation goes way up..instead of paying $2 for a loaf of bread, you pay $5 (for example)....each dollar is worth less...and so is each dollar owed. So that $15 trillion dollar debt, or whatever it is now, will be only worth $10 trillion with inflation, and the government will pay it down with dollars that are worth significantly less. It's been done before..and if needed, it can be done again.
And another way to look at our "debt problem": When you were 20, how much debt did you have? Maybe $5,000 in credit card debt..with limited income. When you were 25 you had $30,000 in student loans, but working full time so not a problem. When you were 35 you had a $300,000 mortgage + $10,000 in student loans + $20,000 in car loans = $330,000 in debt! OMG that's 10x the debt you had in just 10 years! Clearly there is a huge problem right? WRONG...you can service your debt just fine...and the additional debt it is a product of you becoming wealthier/earning more.
The debt that we have is competely serviceable, and we are paying our bills. This is derailing the conversation though.
sobro, try not to leave holes for others to rip up your reasoning next time. your dream path to building wealth through unlimited borrowing works under a lot of IFs. it has not been that long since those aggressive borrowers went belly up when the housing market melt down in 2008. the credit crisis in those euro countries are not quite settled yet, and you cannot wait to pump the debt-based economy model?
the emporor's new clothes show will end when we stop deficit feeding a dead economy.
the jobs are gone. people are doing great in china and india because our only export product is jobs. there is no recession and recovery, it never happened. its a contraction.
FINALLY!!! Someone else sees the TRUTH as well.
The economy supposedly came back in 2010 according to Obama, but he must have been talking about with HIS friends, because for everyone else the jobs aren't there.
The newscasters and economists continue to perpetuate the lie that the recession is over and that's not true. Where??? What city??
In the words of one Republican, "I was never hired by anyone poorer than me."
Its why hating on rich people and big companies is silly. Everyone on the internet is using a device made by a major company. Not by the welfare agency.
Obviously there are a number of well off people in NYC . Rather than hating the rich and hating hipsters, you might ask them how they became successful instead of letting jealousy drive you made.
The bottom line is food stamps are being CUT, and those dependent on them will need to make alternative plans.
A big chunk of the country NEVER made much more than the minimum wage. Yet these people always dealt it. They lived in affordable areas. Or they had roommates, lived with family, etc. As they do now.
Rich people don't socialize with poor people. I've worked for some amazingly wealthy people. They treated their underlings like dirt. If you want to talk about people who think they are 'entitled', there they are.
Rich people don't socialize with poor people. I've worked for some amazingly wealthy people. They treated their underlings like dirt. If you want to talk about people who think they are 'entitled', there they are.
That's not entirely true. If you want wealthier people to socialize with you, be worth socializing. Enough with the woe is me victim/crying/whining stuff.
Focus on the positive things you've done, and what you can do professionally for others. Then wealthier people will be willing to socialize with you, if you have something to offer.
Have nothing to offer but tales of woe? Then it sucks to be you and you gotta save that for the food stamp office.
The economy supposedly came back in 2010 according to Obama, but he must have been talking about with HIS friends, because for everyone else the jobs aren't there.
The newscasters and economists continue to perpetuate the lie that the recession is over and that's not true. Where??? What city??
Take NYC alone. THe trains are CROWED during rush hours. Someone must be working.
Go to Manhattan any day of the week. You see lots of people in and out of all sorts of businesses. Presumably they are working. The roads are full of cars. Presumably they have income to be able to afford cars.
A saying goes it's a recession when your neighbor loses his job. Its a depression when you lose your job.
In the end you will have to do whatever it takes for you to personally survive. Screw the news, either way. Screw the politics behind it, because no politician will do crap for you. You have to find out your solution for your own fate.
Rich people don't socialize with poor people. I've worked for some amazingly wealthy people. They treated their underlings like dirt. If you want to talk about people who think they are 'entitled', there they are.
Well, you can just give up entirely and lay down in the streets and die.
Its your choice, and no one will care either way.
But you won't win by coming up with excuse after excuse after excuse. You know yourself. Look hard in the mirror and see why you're always FAILING. Or just give up on everything and lay out in the streets. It doesn't really matter, either way.
The debt can be paid down very quickly...the US will dramatically increase inflation and pay it down to "acceptable" levels. How does that work? Well when inflation goes way up..instead of paying $2 for a loaf of bread, you pay $5 (for example)....each dollar is worth less...and so is each dollar owed. So that $15 trillion dollar debt, or whatever it is now, will be only worth $10 trillion with inflation, and the government will pay it down with dollars that are worth significantly less. It's been done before..and if needed, it can be done again.
And another way to look at our "debt problem": When you were 20, how much debt did you have? Maybe $5,000 in credit card debt..with limited income. When you were 25 you had $30,000 in student loans, but working full time so not a problem. When you were 35 you had a $300,000 mortgage + $10,000 in student loans + $20,000 in car loans = $330,000 in debt! OMG that's 10x the debt you had in just 10 years! Clearly there is a huge problem right? WRONG...you can service your debt just fine...and the additional debt it is a product of you becoming wealthier/earning more.
The debt that we have is competely serviceable, and we are paying our bills. This is derailing the conversation though.
Well it's needed now so why not do it right now if financial markets worked the way you painted it? The country pays too much in interest which it can never recover. Is it so rich that it can afford to throw away that much money?
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