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Old 04-21-2010, 05:33 PM
 
Location: Great State of Texas
86,052 posts, read 84,481,831 times
Reputation: 27720

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I'm just going to sit tight and wait for it to implode on itself.
Then the debt will go *poof* along with 85% of government workers.
That will get us the smaller government that most want.
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Old 04-21-2010, 05:35 PM
 
Location: Texas
2,847 posts, read 2,517,225 times
Reputation: 1775
I trust Geithner

google it, dozens of sources same stuff.

Geithner Accepted IMF Reimbursement for Taxes He Didn’t Pay - Byron York - National Review Online
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Old 04-21-2010, 05:36 PM
 
69,368 posts, read 64,108,083 times
Reputation: 9383
Quote:
Originally Posted by newonecoming View Post
best guess is a 200% or a 300% wage inflation.
More likely that they will just print the money needed..
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Old 04-21-2010, 05:51 PM
 
19,198 posts, read 31,476,088 times
Reputation: 4013
Quote:
Originally Posted by HappyTexan View Post
I'm just going to sit tight and wait for it to implode on itself. Then the debt will go *poof* along with 85% of government workers. That will get us the smaller government that most want.
This is the sort of thing that happens only in whackjob internet financial guru wannabe la-la-land. Don't wait up for an occurrence in the real world.
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Old 04-21-2010, 06:00 PM
 
19,198 posts, read 31,476,088 times
Reputation: 4013
Quote:
Originally Posted by aliveandwellinSA View Post
I trust Geithner. google it, dozens of sources same stuff.
Wow, a blast from the past that has nothing whatsoever to do with the current topic. He made a mistake doing his own taxes. When that mistake was identified and brought to his attention, he paid what was owed. In fact he paid tens of thousands of dollars more that weren't actually owed. Hundreds of thousands of people every year find themselves in the same sort of situation as Geithner did. The risk of it comes with having a tax return of some complexity, even if you choose not to do your taxes yourself. Some people ought to grow up a little and maybe learn to understand and accept the world the way it actually is.
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Old 04-21-2010, 06:04 PM
 
Location: Texas
2,847 posts, read 2,517,225 times
Reputation: 1775
Quote:
Originally Posted by saganista View Post
Wow, a blast from the past that has nothing whatsoever to do with the current topic. He made a mistake doing his own taxes. When that mistake was identified and brought to his attention, he paid what was owed. In fact he paid tens of thousands of dollars more that weren't actually owed. Hundreds of thousands of people every year find themselves in the same sort of situation as Geithner did. The risk of it comes with having a tax return of some complexity, even if you choose not to do your taxes yourself. Some people ought to grow up a little and maybe learn to understand and accept the world the way it actually is.
gone

Last edited by BestintheWest; 04-21-2010 at 07:26 PM..
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Old 04-21-2010, 06:16 PM
 
19,198 posts, read 31,476,088 times
Reputation: 4013
Quote:
Originally Posted by aliveandwellinSA View Post
try your own advice. Some people ought to grow up a little and maybe learn to understand and accept the world the way it actually is.
You know, each day that I tune in to P&OC for a while, it seems to turn out that I know and understand a lot more about particular aspects of the world as it actually is than a whole lot of particularly right-wing other people. Not my fault, not necessarily theirs. Just the way the world actually is, I guess.
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Old 04-21-2010, 06:41 PM
 
Location: Texas
2,847 posts, read 2,517,225 times
Reputation: 1775
Quote:
Originally Posted by saganista View Post
You know, each day that I tune in to P&OC for a while, it seems to turn out that I know and understand a lot more about particular aspects of the world as it actually is than a whole lot of particularly right-wing other people. Not my fault, not necessarily theirs. Just the way the world actually is, I guess.
bye bye

Last edited by BestintheWest; 04-21-2010 at 07:26 PM..
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Old 04-21-2010, 07:23 PM
 
19,198 posts, read 31,476,088 times
Reputation: 4013
Quote:
Originally Posted by aliveandwellinSA View Post
I wish we were all as smart as you profess to be.
That would be nice. And I'm sure there are some here who would be in the same sort of ballpark in the same sort of areas if they'd had the same sort of training and experience that I've had. Maybe not a lot, but I would certainly say some.

Last edited by CaseyB; 04-23-2010 at 06:48 AM.. Reason: quit the insults
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Old 04-21-2010, 08:52 PM
 
1,842 posts, read 1,708,106 times
Reputation: 169
Quote:
Originally Posted by NHartphotog View Post
I think hyper-inflation is on our horizon in terms of our costs, but I'll bet wages decline anyway. I haven't seen wages rise much in the 25 years I've been in the work world, but housing and insurance (among other costs) have gone through the roof.
Yip welcome to wealth redistribution Reagan stile. We need the inflation in wages/prices with a cap on the top of the wealth structure. Bring the top and bottom back closer together. Just my humble opinion.
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