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So what you're basically saying is that it's ok to lie?
Come on... it's patently obvious that myghost was trying to persuade people to his/her position by putting out a really large number without giving it any context. It's lying by omission, and I believe he/she knew full well that he/she was doing it.
It wasn't a lie, he simply failed to explain why that number supported his assertion.
Explain how a business can afford CEOs that make several hundred times the pay of hardworking employees. Explain how the US military can run itself with generals that make about 10 times the pay of hardworking privates.
It's done everyday. You aren't asking how but rather why.
Unfortunately we can not default. I wish it was possible and in the future the world may be a place where that happens but right now it's impossible for us to default despite the claims of some politicians in the not so distant past.
Who said anything about defaulting?
I asked a question can you explain and justify this assertion.
Quote:
This is the kind of thinking that has Venezuela in such a mess.
The default I was talking about was on Mortgage debt. And that debt we most certainly can default on. I wasn't talking about national debt. we can just hand them a check on that.
Personal debt is closing in on $17 trillion. And no I'm not in it for post count.
The default I was talking about was on Mortgage debt. And that debt we most certainly can default on. I wasn't talking about national debt. we can just hand them a check on that.
Personal debt is closing in on $17 trillion. And no I'm not in it for post count.
We should have defaulted on mortgage debt. We didn't. Print, print, print. For the record, I was against that but still we did it. In part it is why the wealth gap is so great. Those who pushed for and made bad loans were not held accountable for their bad decisions. It's sad that so many that back that argue to allow those on the other end just live with their bad decisions even though those decisions are magnified because they got bailed out.
We should have defaulted on mortgage debt. We didn't. Print, print, print. For the record, I was against that but still we did it. In part it is why the wealth gap is so great. Those who pushed for and made bad loans were not held accountable for their bad decisions. It's sad that so many that back that argue to allow those on the other end just live with their bad decisions even though those decisions are magnified because they got bailed out.
You said it on both counts. The real bailout is to give the bottom the wages to pay those debts. The figure I've come up with is $30 an hr for the minimum wage. That would push the prices of houses above the peak of the last bubble and keep them there.
You said it on both counts. The real bailout is to give the bottom the wages to pay those debts. The figure I've come up with is $30 an hr for the minimum wage. That would push the prices of houses above the peak of the last bubble and keep them there.
We have covered that. That is not the answer. As someone in the middle class I should not have to pay more for everything so that those that got bailed out can maintain their position.
The answer is simply making all income taxed at the same rate. There is a valid argument for bump in the minimum wage but that's it. A bump.
You are arguing for the extreme position that those who did get their bail outs argued for. Two wrongs don't make a right. It just makes more problems.
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