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Old 04-02-2009, 09:23 PM
 
13,186 posts, read 14,990,154 times
Reputation: 4555

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Quote:
Originally Posted by AeroGuyDC View Post
If it were up to me, Congress would work for free. Then and only then would we find out who's in it for us, and who's not. When Congress finally remembers who they work for, maybe they'll do what's right for the country. Sadly, i've about come to the conclusion that that will never happen. How else would you explain the total free-for-all, entitlement mentality that we as a nation have found ourselves in?

If Congress would work for free all you would get is trust fund babies applying for the job.

They have a grave responsiblity. Make it work for their families. ....Pay them a fair wage for what they do.

Pay them so much, our best and brightest will want the job and it's duties.
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Old 04-02-2009, 09:28 PM
 
Location: North Cackelacky....in the hills.
19,567 posts, read 21,886,336 times
Reputation: 2519
So you can go into more debt than you have EVER been in and this will somehow get you out of debt because you will hopefully make more money down the road....

I am actually thinking of doing this,we have $70,000 or so in available credit,that could have our well drilled,the cabin finished and get it fully fenced....hopefully after we spend this borrowed money we will be able to pay it back but if not....well it was a gamble for those who loaned us the money...

There is nothing wrong with this is there?????????
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Old 04-02-2009, 09:29 PM
 
4,657 posts, read 8,717,315 times
Reputation: 1363
Quote:
Originally Posted by tablemtn View Post
Depends what the spending is for. For instance, let's say you go into debt to buy a backhoe that allows you to dig up your yard and find the buried treasure...
You just got a rep point for making me literally lol.
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Old 04-02-2009, 09:30 PM
 
4,657 posts, read 8,717,315 times
Reputation: 1363
Quote:
Originally Posted by LogicIsYourFriend View Post
What about when you take out a loan for a business, and eventually the business pays for itself and beyond?
If all of your credit cards are maxed out, you have awful credit and would be denied a loan in the first place, due to fiscal irresponsibility. Loan denied.
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Old 04-02-2009, 09:33 PM
 
4,127 posts, read 5,070,802 times
Reputation: 1621
Vegas? Atlantic city? Super Lotto? Hey, it could happen!
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Old 04-02-2009, 09:35 PM
 
4,657 posts, read 8,717,315 times
Reputation: 1363
Quote:
Originally Posted by padcrasher View Post
If Congress would work for free all you would get is trust fund babies applying for the job.

They have a grave responsiblity. Make it work for their families. ....Pay them a fair wage for what they do.

Pay them so much, our best and brightest will want the job and it's duties.
As opposed to now? You seem like an honest level headed person, so I'm going to pose a question to you, believing that you will answer this honestly:

Did you know that congress does not participate in social security? The opted out decades ago for their own pension fund. If ss isn't good enough for them, and they don't even believe in it, why are we stuck with it? it is a giant ponzi scheme that will make Madoff look small time. There's no money in ss and congress knows it. So, my question is, did you know that congress does not participate in social security? Thanks
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Old 04-02-2009, 09:36 PM
 
13,186 posts, read 14,990,154 times
Reputation: 4555
Quote:
Originally Posted by oz in SC View Post
So you can go into more debt than you have EVER been in and this will somehow get you out of debt because you will hopefully make more money down the road....

I am actually thinking of doing this,we have $70,000 or so in available credit,that could have our well drilled,the cabin finished and get it fully fenced....hopefully after we spend this borrowed money we will be able to pay it back but if not....well it was a gamble for those who loaned us the money...

There is nothing wrong with this is there?????????
Yes that would be wrong because you have no idea how business finance works.....Take your 70K and good credit, that will enable you to buy $700K in a business enterprise. Leveraging of an investment!....that's the ticket! Not your stupid cabin and water well... D.A!
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Old 04-02-2009, 09:38 PM
 
4,657 posts, read 8,717,315 times
Reputation: 1363
Quote:
Originally Posted by padcrasher View Post
Yes that would be wrong because you have no idea how business finance works.....Take your 70K and good credit, that will enable you to buy $700K in a business enterpise. Leveraging of an investment!....that's the ticket! Not your stupid cabin and water well... D.A!
After this post, I take back what I said about level headed and fair. Why did you call him names? He didn't attack you. Shame on you.
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Old 04-02-2009, 09:40 PM
 
13,186 posts, read 14,990,154 times
Reputation: 4555
Quote:
Originally Posted by Sonrise View Post
As opposed to now? You seem like an honest level headed person, so I'm going to pose a question to you, believing that you will answer this honestly:

Did you know that congress does not participate in social security? The opted out decades ago for their own pension fund. If ss isn't good enough for them, and they don't even believe in it, why are we stuck with it? it is a giant ponzi scheme that will make Madoff look small time. There's no money in ss and congress knows it. So, my question is, did you know that congress does not participate in social security? Thanks

Yes even more so! The more you lessen their salary, the more you make legislation the play ground of the rich and wealthy.

SS is fine. Please go an take a look at the SS 2008 Trustee report. It has a "small" long term deficit....It has only a 1% Administration cost...You've been hoodwinked into thinking it's going "bankrupt"...Thanks for asking.
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Old 04-02-2009, 09:40 PM
 
Location: North Cackelacky....in the hills.
19,567 posts, read 21,886,336 times
Reputation: 2519
LOL....it is funny how when Obama proposes going into more debt than EVER it is a great idea....if a person did it he is a cheat and a fool.

By the way,how is Obama planning to pay back all the money?

There Is a definite plan right,I mean surely it has been planned out to the Nth degree??????

Obamatrons are funny.
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