That's what I'm saying.
The government shouldn't hide taxes.. Obama was right on when he was talking about making a website so we can see what we are being taxed on (revealing a lot of hidden taxes) and where our tax dollars are going.
Rollback Post to RevisionRollBack
Watching 240 guys talk trash about cavaliers is like two retards having a slapfight over a sippy cup.
That's what I'm saying.
The government shouldn't hide taxes.. Obama was right on when he was talking about making a website so we can see what we are being taxed on (revealing a lot of hidden taxes) and where our tax dollars are going.
Okay, I misread yours and thought you meant they are all equally bad.
Taxation is one thing and it sucks to be sure but the real problem is and has been for many years foreign debt. In 2005 interest alone on foreign debt topped a $114 billion, that is $310 million a day, or more personally slightly greater than a dollar a day for every man, woman, and child.
What were facing is going to be a nightmare in the coming decade, we will likely default on our social obligations estimated now between $60 to $100 trillion. Here is the big issue, The baby boomers demographics are 1/3rd larger in size than the succeeding generation Gen-X. In other words there are not enough people in the next generation to keep the Fractional Reserve Banking Ponzi scheme going. Fractional Reserve Banking is an exponential system that must grow, you deposit a dollar and the banks loan out $30 to $40, its elf’n magic money and the banks don’t have it, that Bernanke panicked and injected all those dollars into the banks out of fear there would be a run on the banks.
When the baby boomers retire they will rely on the smaller Gen-X to support social security, Medicaid, Medicare, and hold up the stock market as they start to withdraw their IRA’s and 401k retirements. Social security was created with the idea people would retire at 65 when average life expectancy was 63. Today the average life expectancy is 77. In other words benefits must carry the largest generation of our times into years it did not plan for them to live up to.
By 2016 they are required by law (ERISA ACT of 1974) to start taking payment on their IRA’s and 401k’s (if there is anything left for them by then) but even if the law is removed the fact is people will start to withdraw anyways out of need. Most have planned to live on less than what they made when working.
Healthcare costs are only going up, even if Obama revamps our healthcare system, it will still be heavily taxed by the baby boomers, supported by the smaller Gen-X crowd. By now you no doubt are starting to see the problem. This is the $53 trillion in entitlements people are talking about now estimated at the above numbers I mentioned.
Never before in history have so many bet their retirement on the stock market, today there are more mutual funds than public companies, more funds chasing fewer dollars, eventually more sellers than buyers. If this crash doesn’t do the trick the next one by 2020 at the latest will unless we do something drastic soon.
I love this debate about weather we should have let the banks fail or not, they already DID! Their undead carcasses now walk under the US liquidity thanks to witch doctor Bernanke and no one trusts them any more, a.k.a. Zombie banks like we saw in Japan, they lost a decade and never recovered.
If you want a fantastic explanation of why were in trouble, watch this 8 part series by Peter Schiff in 2006 at mortgage bankers seminar where he tells over 1000 mortgage brokers they are about to be out of jobs. He completely nails it, the only thing he got wrong was the timing on the dollars collapse. He didn’t see everyone fleeing to it out of fear. While his timing on that was wrong in the end I think he will be proven right since fleeing to the default currency in a panic is anything but a move of strength. What fundamental is going to keep it strong?
That's pointless, too, with inflation.
If you want to save your money, buy something that won't lose its price.
She's right 3CXOD. A part of the reason for America's recession is that we keep saving money when we should be spending it. It just drives the knife deeper.
So, if I get a pay check I should go out and blow it all instead of saving it for something I really want?
Now, that my friend, is pointless..
Or maybe you misunderstood what I typed.
"If I want to save money I put it in my safe not the bank."
Keyword is "IF"
Ok, let me try and rephrase what I meant. One of the biggest reasons the recession is still happening is because people are scared to spend money, thus juicing up the market. This has nothing to do with saving money. People should, for the sake of their protecting government, spend some money once so that peace within American economics can return. That is why I fear we will never fully recover. You can be my guest and save your money, but that is greedy, considering the time of crisis that has descended upon us.
Ok, let me try and rephrase what I meant. One of the biggest reasons the recession is still happening is because people are scared to spend money, thus juicing up the market. This has nothing to do with saving money. People should, for the sake of their protecting government, spend some money once so that peace within American economics can return. That is why I fear we will never fully recover. You can be my guest and save your money, but that is greedy, considering the time of crisis that has descended upon us.
Saving money does not make me greedy.
I put into the government and I don't ask for any excess back.
Other than the basic services our government provides to us.. I never go beyond that.
The people that drill the government for shit like disability, food stamps, etc. when they DON'T need it... those people are greedy.
Rollback Post to RevisionRollBack
Watching 240 guys talk trash about cavaliers is like two retards having a slapfight over a sippy cup.
When I said that, I was more or less talking about everyone within the United States. People who have no room for sending are not on trial, but because there are those people out there who would save it, I would say shame, because they know this is not what we need. And yes, you are right, people who take gov. aid and don't need are greedy, but it is just so much harder to stop them. If you disagree with me I will stop on the subject, because I don't want to start arguing, because that can happen when I get zealous.
I think truthfulness is better; then I know what I'm getting.
The government shouldn't hide taxes.. Obama was right on when he was talking about making a website so we can see what we are being taxed on (revealing a lot of hidden taxes) and where our tax dollars are going.
Taxation should be implemented, but in a more straightforward way.
What were facing is going to be a nightmare in the coming decade, we will likely default on our social obligations estimated now between $60 to $100 trillion. Here is the big issue, The baby boomers demographics are 1/3rd larger in size than the succeeding generation Gen-X. In other words there are not enough people in the next generation to keep the Fractional Reserve Banking Ponzi scheme going. Fractional Reserve Banking is an exponential system that must grow, you deposit a dollar and the banks loan out $30 to $40, its elf’n magic money and the banks don’t have it, that Bernanke panicked and injected all those dollars into the banks out of fear there would be a run on the banks.
When the baby boomers retire they will rely on the smaller Gen-X to support social security, Medicaid, Medicare, and hold up the stock market as they start to withdraw their IRA’s and 401k retirements. Social security was created with the idea people would retire at 65 when average life expectancy was 63. Today the average life expectancy is 77. In other words benefits must carry the largest generation of our times into years it did not plan for them to live up to.
By 2016 they are required by law (ERISA ACT of 1974) to start taking payment on their IRA’s and 401k’s (if there is anything left for them by then) but even if the law is removed the fact is people will start to withdraw anyways out of need. Most have planned to live on less than what they made when working.
Healthcare costs are only going up, even if Obama revamps our healthcare system, it will still be heavily taxed by the baby boomers, supported by the smaller Gen-X crowd. By now you no doubt are starting to see the problem. This is the $53 trillion in entitlements people are talking about now estimated at the above numbers I mentioned.
Never before in history have so many bet their retirement on the stock market, today there are more mutual funds than public companies, more funds chasing fewer dollars, eventually more sellers than buyers. If this crash doesn’t do the trick the next one by 2020 at the latest will unless we do something drastic soon.
I love this debate about weather we should have let the banks fail or not, they already DID! Their undead carcasses now walk under the US liquidity thanks to witch doctor Bernanke and no one trusts them any more, a.k.a. Zombie banks like we saw in Japan, they lost a decade and never recovered.
If you want a fantastic explanation of why were in trouble, watch this 8 part series by Peter Schiff in 2006 at mortgage bankers seminar where he tells over 1000 mortgage brokers they are about to be out of jobs. He completely nails it, the only thing he got wrong was the timing on the dollars collapse. He didn’t see everyone fleeing to it out of fear. While his timing on that was wrong in the end I think he will be proven right since fleeing to the default currency in a panic is anything but a move of strength. What fundamental is going to keep it strong?
It’s really worth the watch
http://www.youtube.com/results?gl=GB&hl=en-GB&search_query=peter+schiff+mortgage+bankers&search_type
I don't trust anyone with my money...
If you want to save your money, buy something that won't lose its price.
She's right 3CXOD. A part of the reason for America's recession is that we keep saving money when we should be spending it. It just drives the knife deeper.
Now, that my friend, is pointless..
Or maybe you misunderstood what I typed.
"If I want to save money I put it in my safe not the bank."
Keyword is "IF"
Ok, let me try and rephrase what I meant. One of the biggest reasons the recession is still happening is because people are scared to spend money, thus juicing up the market. This has nothing to do with saving money. People should, for the sake of their protecting government, spend some money once so that peace within American economics can return. That is why I fear we will never fully recover. You can be my guest and save your money, but that is greedy, considering the time of crisis that has descended upon us.
Paychecks (months time period):
40% Bills & Household Excess
25% Food
20% Gas
15% Saved
Saving money does not make me greedy.
I put into the government and I don't ask for any excess back.
Other than the basic services our government provides to us.. I never go beyond that.
The people that drill the government for shit like disability, food stamps, etc. when they DON'T need it... those people are greedy.
I hear where you're coming from with this and I agree.
Blackwing
Wiki Sysop
Join Date: Jul 2008
Posts: 666
Blog Entries: 10
Opinions are like assholes.. everyone has one.
You shouldn't give someone a negative rating just because their opinion is different than yours.
If they're flaming or trolling then I can see why someone would, but you haven't been doing that.
Did I give someone a negative rating?
Ontopic: I think this thread should be re-named 'Political Views'.
I was unsure who you voiced this to. I thought you were critisizing me for something I did.
We should have it renamed.