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Plus the whole thread ignores the fact that people invest in stocks when the bond market is ****ty..
It's also boooooooring to discuss Federal Reserve monetary policy and the bond/stock inverse relationship. Let's blame Obama or Bush instead. Much easier on the brain.
I'm sorry weren't you the guy that said Social Security was belly up?
Then when called on ran away?
I'm sorry but your rhetoric is absurd.
Called on? According to the CBO, Medicare will be "belly up" in 2017 and SS in 2037. At that point, the government will be unable to make its expected payments; that does not mean that the system will entirely collapse- it simply means that it will not have the anticipated funds if things remain as they are now.
This is the prediction of the CBO, not me.
Perhaps you have not read the recent concerns of the CBO over the massive deficits?
Spending cannot go on forever, as much as the socialists would like to see this happen. There is an approachinig point at which we will not be able to service the debt, and expenditures for entitlements and the military will have to be dramatically cut. Any fool can see that this house of cards cannot go on forever, yet liberals seem to be in constant denial of this and appear to beleive that our national debt can go to infinity with no consequences whatsoever. I wish I was so naive, then I would not be worried.
Called on? According to the CBO, Medicare will be "belly up" in 2017 and SS in 2037. At that point, the government will be unable to make its expected payments; that does not mean that the system will entirely collapse- it simply means that it will not have the anticipated funds if things remain as they are now.
This is the prediction of the CBO, not me.
Perhaps you have not read the recent concerns of the CBO over the massive deficits?
Spending cannot go on forever, as much as the socialists would like to see this happen. There is an approachinig point at which we will not be able to service the debt, and expenditures for entitlements and the military will have to be dramatically cut. Any fool can see that this house of cards cannot go on forever, yet liberals seem to be in constant denial of this and appear to beleive that our national debt can go to infinity with no consequences whatsoever. I wish I was so naive, then I would not be worried.
Ah! Medicare.
But I said Social Security and you said Social Security.
Called on? According to the CBO, Medicare will be "belly up" in 2017 and SS in 2037. At that point, the government will be unable to make its expected payments; that does not mean that the system will entirely collapse- it simply means that it will not have the anticipated funds if things remain as they are now.
This is the prediction of the CBO, not me.
Perhaps you have not read the recent concerns of the CBO over the massive deficits?
Spending cannot go on forever, as much as the socialists would like to see this happen. There is an approachinig point at which we will not be able to service the debt, and expenditures for entitlements and the military will have to be dramatically cut. Any fool can see that this house of cards cannot go on forever, yet liberals seem to be in constant denial of this and appear to beleive that our national debt can go to infinity with no consequences whatsoever. I wish I was so naive, then I would not be worried.
You heard it from Hawkeye folks. Social Security will go belly up in 2037.
NEW YORK (MarketWatch) -- U.S. stocks maintained their climb on Wednesday as Federal Reserve Chairman Ben Bernanke stuck to his forecast of economic recovery in testimony before lawmakers.
Another reason the stock market is down under Obama is because business knows all the taxes that will be coming their way once the Democrats get rolling.
U.S. stocks maintained their climb on Wednesday as Federal Reserve Chairman Ben Bernanke stuck to his forecast of economic recovery in testimony before lawmakers.
You're the Fed chairman. You know the Bush tax cuts will be expiring. You know Obama will have to raise taxes to pay for his healthcare plan. You know entitlement programs are going to suck the blood out of the economy. You know states are unable to pay into the pension plans they signed with unions like the CSEA with over 190,000 teachers in CA alone. You know inflation will jump the second there is an uptick in the economy. You know this administration is doing it's best to take over and mico-manage the US economy, from automobiles, to finance to the healthcare industry.
You better get out there and flog a forecast for economic recovery.
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interesting...
hmm...
