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  #46  
Old 07-01-2015, 01:35 PM
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The Supremes would do that? Naah.
Upholding the Constitution requires it.
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  #47  
Old 07-01-2015, 01:51 PM
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That's subject to interpretation
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  #48  
Old 07-01-2015, 03:10 PM
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If you think that what is happening in Greece could never happen here, think again.
Greece Financial Crisis: How It Would Look in America
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  #49  
Old 07-13-2015, 07:16 AM
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Okay, so the spoiled brats in Greece got their bailout. When the time comes, who will bailout the spoiled brat US?
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  #50  
Old 07-13-2015, 08:16 AM
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Originally Posted by Air&Road View Post
Okay, so the spoiled brats in Greece got their bailout. When the time comes, who will bailout the spoiled brat US?
Your man Donald Trump and his VP the Cookie Monster, obviously. Why do you think he's running for Presidente? He's going to save us from the national debt, the rapy Mexicans and all icky gay things.
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  #51  
Old 07-13-2015, 09:20 AM
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Yes, I've heard that in all their campaign speeches . . .
There have not been any congressional campaigns since 2014 when they gained control of the house and Senate. So that must mean that you are sure the Rep. congress will continue to bring down the deficit, and that you are clairvoyant and see them using it in 2016 campaigns.
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  #52  
Old 07-13-2015, 04:13 PM
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There are no crystal balls. We do not really hear much from economists either. My guess is they are actually afraid of projections being wrong. Or they lack enough insight in how things are going to really play out over time.. The individual in my opinion cannot change much except their personal situations anyways.

Strange to me that in general my viewpoint has never seemed to change much in the last ten years or so. Interest rates are more likely to stay well below historical averages for another ten years again at least. We will just have continuing above average real inflation to various degrees. Plus the trend of incomes to rise at a similar rate may not occur as it has seemed to almost always done in the past.

Hopefully inflation will not be excessive in the overall scheme of things. Some sectors up here in Canada have been showing some excessive inflation trends in the last few years like food and utilities though. With little prospect of leveling off. Real estate in the larger Canadian cities has gotten insane with the easy money policies as well for example.

In my humble opinion too many members of Canadian society are also carrying an excess debt load as well for the generally prevailing economic situation.

There is good evidence that this inflation is already impacting low and modest income earners and those on fixed pensions to some extent. at least in Canada.

Usually I take advantage of expected situations or almost always have. Still for the last ten years have not really done so. I tend to blame this on advancing age in our case.

For example it is really stupid to be sitting on so much cash earning less even than the rate of real inflation after expenses? How we as an older couple compensate is always increasing our income stream.
Not everyone can do this at our age.

I also see the continuation of the consolidation of many types of large business as harmful in the long haul. But it is what it is and will likely not stop.

My general impression is that too large of a population segment in Canada is really not thinking much if at all. To me there is an ever growing risk of too many of them getting themselves into serious financial trouble at some point.

I think what I would personally like to see is more evidence of common sense than I do. I have almost always operated on the principal if you do not have enough money for whatever. Figure out a way to do it somehow without borrowing.

Loaning money in any fashion is just an easy way to displace the effort and creativity to find another way. There is absolutely no doubt in my mind. That what we currently call people with the entitlement mentality also are going to be a very serious ongoing growth area in north American society.

As for any given countries financial situation it is just a case of it is what it is and is unlikely to change much. I think many governments have discovered their own utopia of just essentially printing money as needed. Plus letting the fallout of that easy money policy occur as it may.

I really do not see any other valid alternative as likely to be enacted. Any form of tighter money policy might bring the whole house of cards down. It is almost like we are slowly sailing beyond the point of no return.

We also seem to have much more affluence today beyond what has ever been in the historical past. Unfortunatly to me it seems to be backed up by less and less. So it may be only sustainable over the longer term for the very few.
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  #53  
Old 07-13-2015, 07:57 PM
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Your man Donald Trump and his VP the Cookie Monster, obviously. Why do you think he's running for Presidente? He's going to save us from the national debt, the rapy Mexicans and all icky gay things.
"My man?" Where do you get that?

You need to try to do some simple math. Simple enough that yOU shoud be able to do it.

Trump is worth about $10B if I am correct. The U.S. debt is over $18T. How does $10B put the slightest scratch in such a debt? Show your work if you please.
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  #54  
Old 07-13-2015, 08:46 PM
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Originally Posted by Air&Road View Post
"My man?" Where do you get that?

You need to try to do some simple math. Simple enough that yOU shoud be able to do it.

Trump is worth about $10B if I am correct. The U.S. debt is over $18T. How does $10B put the slightest scratch in such a debt? Show your work if you please.
Why are you asking me? Ask your man Donald Trump. He's your candidate of choice. I'm surprised you're so unaware of his proposals, being such a huge fan of his.
Quote:
Billionaire businessman Donald Trump has a plan to pay off the national debt, grant a middle class a tax cut, and keep Social Security afloat: tax rich people like himself.

Trump, a prospective candidate for the Reform Party presidential nomination, is proposing a one-time "net worth tax" on individuals and trusts worth $10 million or more.
MESSAGE BOARD
Framing The Issues


By Trump's calculations, his proposed 14.25 percent levy on such net worth would raise $5.7 trillion and wipe out the debt in one full swoop.
Trump proposes massive one-time tax on the rich
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  #55  
Old 07-13-2015, 08:57 PM
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Your clairvoyance is not nearly as accurate as you think it is. Although I like Trumps straight forward approach to things, and a few of his positions on issues, he is not my pick by any stretch.

BTW, if that's your math, I suggest that you go demand a refund on any monies you might have spent on education.
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  #56  
Old 07-13-2015, 09:35 PM
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Oh no Larry its not my math, its your man Donald Trumps math. He's the man with the socialist class warfare plan.
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  #57  
Old 07-14-2015, 12:01 AM
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Yawn....

Greece is one part of the Euro union. The Euro union must take care of their own and if their fiscal union will not allow for this to take place then they need to rethink their fiscal union. Greece has one big problem and that is unemployment and the current Euro union has no way of dealing with this situation.

The US figured all of this out back in the 1930's. If one state has a problem, like a flood or a natural disaster that wipes them out, the other states pitch in to help via taxes the Federal government collects to deal with such a thing. If one state, like Kansas or New Jersey, decides to spend themselves into a hole and wreck their economy then they have to deal with it but overall the Federal government is there to help them along with things like unemployment insurance, the ACA and SNAP programs.

To say the US is like Greece is to say you don't understand the problem well enough to comment on it.
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  #58  
Old 07-14-2015, 05:35 PM
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Originally Posted by Idle View Post
Yawn....

Greece is one part of the Euro union. The Euro union must take care of their own and if their fiscal union will not allow for this to take place then they need to rethink their fiscal union. Greece has one big problem and that is unemployment and the current Euro union has no way of dealing with this situation.

The US figured all of this out back in the 1930's. If one state has a problem, like a flood or a natural disaster that wipes them out, the other states pitch in to help via taxes the Federal government collects to deal with such a thing. If one state, like Kansas or New Jersey, decides to spend themselves into a hole and wreck their economy then they have to deal with it but overall the Federal government is there to help them along with things like unemployment insurance, the ACA and SNAP programs.

To say the US is like Greece is to say you don't understand the problem well enough to comment on it.
Hey -- but the cheating angle,, he's GOT IT DOWN. He thinks.

IRS whistle-blowing for fun and profit - MarketWatch
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  #59  
Old 07-14-2015, 06:24 PM
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Perhaps the biggest difference in the situation is that there is no "federal" government that blankets the Euro zone. Anti-federalist will say "great, that's the right thing." However, that means that there's no collection of taxes that can fund things like unemployment benefits, disaster relief, job training or other remedies during a crisis, economic or natural disaster. Here in the US, there are states that take more in federal resources than they contribute, but there is no state debt created for those individual states, as there's a federal agreement to pool resources and deploy it when and where needed.

So, Winfield, take to heart the words of a great baseball player . . . "If you don't think so good, don't think too much." T. Williams
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  #60  
Old 07-14-2015, 06:25 PM
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LOL!
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