Tigers X - Number one Source to Talk Auburn Tigers Sports
The Library => The SGA => Topic started by: AUTailgatingRules on August 02, 2011, 01:06:20 PM
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So to put this on a personal level.
I wake up one month and realize the following:
1. that I have been making $100,000/year for the last few years.
2. I have been spending $140,000/ year for the last few years
3. My overspending has rung up a credit card tab of $120,000
4. I can only afford to pay the minimum
5. I have reached my credit limits and can borrow no more
My solution:
1. Mr credit card company I need you to raise my credit limit by another $100,000 or so
2. I promise that I will continue to make about $100,000/year and try my best to increase my earnings in the coming years
3. I promise I will cut my overspending by 10%
4. If you don't extend my additional credit I will be forced to prioritize my spending in order to keep up my lifestyle.
5. I have come to the conclusion that you (mr credit card company) will be the expense that I can no longer afford
6. Thank you in advance for understanding.
Now you understand the absurdity of all this?
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I get it, you get it, we know that congress truly gets it........the question I am wondering is, why won't they do something about it?
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I get it, you get it, we know that congress truly gets it........the question I am wondering is, why won't they do something about it?
Because no one wants to be the one to make cuts. Because wants you start cutting, you're not getting reelected.
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Because no one wants to be the one to make cuts. Because wants you start cutting, you're not getting reelected.
Ding, Ding, Ding!
It's all about keeping your seat and the perks that come along with said seat. It pisses me off that their greed is fucking with peoples livelihood. They need to remember why they are there. AUTR's idea of getting rid of every last one of them and starting with all new members is a great one.
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Because no one wants to be the one to make cuts. Because wants you start cutting, you're not getting reelected.
This, this and this. Going back to the One's speech past week. It was a campaign speech and nothing more. The "little man" and woman put him in office and all he said was how it's only "fair" that the rich pay more. Yeah, that's right. You tell em' Barack. On the other hand, Republicans know that cutting spending is a big part of the answer but how do you tell Mr. XYZ Corporation that helped put you in office that we now taketh away? Instead, "Hey, we're going to have to hit you with a little more tax but not to worry...we'll put another loophole in the tax code so you won't be hit too hard. MmmK? Thx."
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Ok first off, we have raised the debt ceiling 78 times since 1970 this is not a new thing. Why was this such a big deal then? Well basically the Republicans wanted to make Obammer look bad.
Now obviously its not as cut and dry as that, but that is one of the main ideas. The problem I have with all of this is that they aren't really making actual cuts. The budget will still be raised 8% in 2012 and another 8% in 2013 and so on. It also didn't put any restrains on discretionary spending.
Right now we are roughly at 92% of GDP in relation to debt. Estimates have us above 100% of GDP by 2018 which isn't good. With a National Debt figure of 20 trillion by 2020
What we truly need is an complete overhaul of the system. We need balance budget reform, and a new tax code. We also need to make senators and congressmen part of the system. No free health care for the rest of your life after serving one term and no full pension either. You get social security and private health care. Wanna bet they would make some decisions then!
See all that happened over the last couple of days was political pandering, and how it affects you are I is that they fuck up the markets.
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Ok first off, we have raised the debt ceiling 78 times since 1970 this is not a new thing. Why was this such a big deal then? Well basically the Republicans wanted to make Obammer look bad.
Now obviously its not as cut and dry as that, but that is one of the main ideas. The problem I have with all of this is that they aren't really making actual cuts. The budget will still be raised 8% in 2012 and another 8% in 2013 and so on. It also didn't put any restrains on discretionary spending.
Right now we are roughly at 92% of GDP in relation to debt. Estimates have us above 100% of GDP by 2018 which isn't good. With a National Debt figure of 20 trillion by 2020
What we truly need is an complete overhaul of the system. We need balance budget reform, and a new tax code. We also need to make senators and congressmen part of the system. No free health care for the rest of your life after serving one term and no full pension either. You get social security and private health care. Wanna bet they would make some decisions then!
See all that happened over the last couple of days was political pandering, and how it affects you are I is that they fuck up the markets.
While I agree with most all of this, I have to take note on your first sentence. The main reason this is a little different is because this rise in the debt ceiling is the LARGEST EVER IN OUR HISTORY. Not to mention that it will only last about 1 year to 1 1/2 years and we will need to do it again.
Guess when the 2nd largest debt ceiling increase was? That's right just a year or so ago under this same president.
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Republicans want to sabotage Obama by making the American people who rely on government spending to feel pain as the programs are cut.
The good in this is that the American people (99% of them) do not need to rely on the government.
The bad is that the Republicans are just as guilty as pandering to the American people by promising to be the solution for them.
How they are going to spin this so that it's Obama's fault come election time is unbeknownst to me.
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I still say kick every fucking one of them out.
Start from scratch while we ALL tighten the belt.
You fuckers make me benevolent dictator for 4-8 years and I'll go Andy Jackson on their ass. I will not be liked but the shit will be straightened out.
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I still say kick every fucking one of them out.
Start from scratch while we ALL tighten the belt.
You fuckers make me benevolent dictator for 4-8 years and I'll go Andy Jackson on their ass. I will not be liked but the shit will be straightened out.
Sharika blow me and say my dictate good.
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From another forum...
Having exhausted the “Tea Party is racist†meme and in their spirit of promoting “civil political discourseâ€, it is now fashionable for DC and media insiders to refer to Tea Party Congress members as “terroristsâ€. It’s no wonder the elites are terrified. They’ve never come across politicians who
1) Keep Their Campaign Promises
2) Don’t Give A Whit About Being Re-elected and
3) Can’t Be Bought Off By Some Wasteful Pork Project.
Scary, scary stuff! Better get Napolitano on it ASAP!
Well said, if you "axe" me...
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The good in this is that the American people (99% of them) do not need to rely on the government.
50% of the public pays no income tax, 45 million on food stamps???? I believe the number that needs to rely on gov't is slightly more than 1%
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Republicans want to sabotage Obama...
The good in this is that the American people (99% of them) do not need to rely on the government.
The bad is that the Republicans are just as guilty...
How they are going to spin this so that it's Obama's fault come election time is unbeknownst to me.
Barry wanted a "balanced approach" combining spending cuts with tax increases. The Repubicrats held out and did not permit any tax increases. Of course, the spending cuts are insignificant compared to the annual overspending, but it's more than what the Demoncraps proposed. Technically, this should be a big win, but I'm not happy with it.
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Sharika blow me and say my dictate good.
Hope she wasn't in 9th grade.
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Ok first off, we have raised the debt ceiling 78 times since 1970 this is not a new thing. Why was this such a big deal then? Well basically the Republicans wanted to make Obammer look bad.
Now obviously its not as cut and dry as that, but that is one of the main ideas. The problem I have with all of this is that they aren't really making actual cuts. The budget will still be raised 8% in 2012 and another 8% in 2013 and so on. It also didn't put any restrains on discretionary spending.
Right now we are roughly at 92% of GDP in relation to debt. Estimates have us above 100% of GDP by 2018 which isn't good. With a National Debt figure of 20 trillion by 2020
What we truly need is an complete overhaul of the system. We need balance budget reform, and a new tax code. We also need to make senators and congressmen part of the system. No free health care for the rest of your life after serving one term and no full pension either. You get social security and private health care. Wanna bet they would make some decisions then!
See all that happened over the last couple of days was political pandering, and how it affects you are I is that they fuck up the markets.
Hope your first sentence is pure sarcasm. You're a sharp guy financially, so you know exactly why it is a big deal.
It is a big deal because we are quickly approaching the point where the incoming revenues will not be able to pay debt service. Our "minimum payment", that AUTR referenced above in his example which is spot on, will be higher than what we will be able to pay if the national debt goes much higher. UNLESS....revenues increase which = tax increase/spending decrease. And you want to talk about shit hitting the fan? Default will not be the word. We would more or less be in "Collections" to the Chicomms by our own fucking bank.
Which leads me to agree with your overall point or the bigger picture. The entire system needs to be dealt with from top to bottom. The way our monetary system is setup is one big failure. Its fiat money.
Most economists with half a brain refer to it as "monetizing the debt". As an example, if the US Government wants to borrow $1 million dollars, they go to the Fed to borrow the money. The Fed calls the Treasury and says print 10,000 Federal Reserve Notes in units of one hundred dollars.
The Treasury charges the Fed 2.3 cents for each note, for a total of $230 for the 10,000 Notes. The Fed then lends the $1 million to the government at face value plus interest. Can you say racket?
Look at the economy in the late 90's. Things were booming. Why? Because the Fed had been very liberal with its debt/credit/money, as we have now found out with the housing collapse (Fannie, Freddie, etc). The market was hyperinflated. BUT, who creates inflation? The Fed. How do they deal with inflation? They restrict the debt/credit/money. What happens when they do that? The market collapses, becomes stagnant. Stagflation occurs. Which is what is happening now.
All total Bullshit.
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Hope she wasn't in 9th grade.
She wanted it so it's all good.
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50% of the public pays no income tax, 45 million on food stamps???? I believe the number that needs to rely on gov't is slightly more than 1%
Why should they rely government? Because of food stamps? Because they can't find a job?
This is a slippery slope. You're going to end up right back where are today.
If people want people to eat, go buy them food. Take a pay cut to help your company hire more employees.
Saying the government is responsible for these type of problems is just an easy out for those of us who don't have them.
"People on food stamps need the government to buy them food because it's immoral to allow people to starve, and I don't want to foot their bill. But don't tax me too much to do it or I won't elect you."
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Why should they rely government? Because of food stamps? Because they can't find a job?
This is a slippery slope. You're going to end up right back where are today.
If people want people to eat, go buy them food. Take a pay cut to help your company hire more employees.
Saying the government is responsible for these type of problems is just an easy out for those of us who don't have them.
"People on food stamps need the government to buy them food because it's immoral to allow people to starve, and I don't want to foot their bill. But don't tax me too much to do it or I won't elect you."
I agree that we should EXPECT 99% should not have to rely on gov't (probably closer to 95% but lets not argue), however you will never convince the vast majority of the people that currently live off gov't. Just saying, good luck with your 99% argument
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If people want people to eat, go buy them food.
And my issue with food stamps, and I saw this first hand 15 years ago working at Winn-Dixie in Auburn, is that the food being bought consisted of name brand cereals, steak, ribs, etc. Sure, not all people on food stamps came in and bought expensive stuff, some bought essentials... bread, rice, milk, etc, but I'd say more than half that I personally rang out bought items that I would consider "non-essential." But then again, if I were on food stamps, my goal would be to buy as much food as I could. What's more important, feeding my family for a week, or having one kick ass Super Bowl Party?
My solution for food stamps is to do away with it, and set up distribution centers where you are given groceries for the week, based on how many people in your household. The box would consist of fresh bread, rice, fresh vegetables, fresh fruit, milk, cereal. Or just give 'em MREs.
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Hope your first sentence is pure sarcasm. You're a sharp guy financially, so you know exactly why it is a big deal.
It is a big deal because we are quickly approaching the point where the incoming revenues will not be able to pay debt service. Our "minimum payment", that AUTR referenced above in his example which is spot on, will be higher than what we will be able to pay if the national debt goes much higher. UNLESS....revenues increase which = tax increase/spending decrease. And you want to talk about shit hitting the fan? Default will not be the word. We would more or less be in "Collections" to the Chicomms by our own fucking bank.
Yes and no.... we are one of only 2 countries that even have a debit ceiling (I believe the other is Norway and there's is so high they will never reach it). Remember, that the debit limit itself is only a way to put stop limits on congress (created during WWI to control the issuance of war bonds). If a debt ceiling is in place congress (ie the treasury) is not able to issue more bonds thereby funding the government. As AUTR said this is the highest to date but only because of the amount of spending that has happened. There will be another raise that will then be the highest in history. I do believe the reason that so much is made about it is because of the state of the nation financially. However, in my opinion the news media thrives on fear, and the fear that they sell causes the markets to react. We have been through a debt ceiling before and I will bet dollars to donuts most of you never knew it had been voted on. So basically the reason I say yes and no is that while I don't see the raising of the debit ceiling being important meaning it was bound to happen. The outcome and where we go from here is very important.
I hate the man in office currently, I didn't think he was the answer then, and he has proved he isn't the answer now. To me he is not a leader, he is a puppet and quite frankly I believe he is in over his head. That being said this is also not all his fault, is he to blame for a lot of it yes. He has had his own agenda from the beginning and his fiscal spending has been through the roof. The problem as I see it is where do we go from here? He definitely needs to be gone, but I am not crazy about the incoming class of Republicans either, and will it make a difference? I don't have the answers. People far smarter than me are supposed to, but they have to go campaign now.
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I hate the man in office currently, I didn't think he was the answer then, and he has proved he isn't the answer now. To me he is not a leader, he is a puppet and quite frankly I believe he is in over his head. That being said this is also not all his fault, is he to blame for a lot of it yes. He has had his own agenda from the beginning and his fiscal spending has been through the roof. The problem as I see it is where do we go from here? He definitely needs to be gone, but I am not crazy about the incoming class of Republicans either, and will it make a difference? I don't have the answers. People far smarter than me are supposed to, but they have to go campaign now.
Barry is 2 1/2 years into his term... His first deficit was $1.6T, and his second deficit was approximately $1.3T. In just those first two years, he has exceeded eight years of GWB's cumulative overspending problem. This is why the Re-puke-lickans have made such a big issue of it. The Dems campaigned on fiscal responsibility, and they completely failed...
BTW, the national debt is now at $14.5T. Barry's last two deficits exceeded 10% of the national debt at the time he spent it. It took us 50 years to get here, and he's already responsible for 20+% after only two years. It's crazy to think how much spending has gotten out of control.
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I agree that we should EXPECT 99% should not have to rely on gov't (probably closer to 95% but lets not argue), however you will never convince the vast majority of the people that currently live off gov't. Just saying, good luck with your 99% argument
This isn't a persuasive forum. I'm just simply discussing ideology.
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Let me interject one thing. We MUST find a way to get this ass clown out of office.
That is all
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Let me interject one thing. We MUST find a way to get this ass clown out of office.
That is all
But, he's been so successful... Seriously... Barry knows exactly what he's doing. Has there been anyone else in the history of this country who has turned a free market economic system upside down so quickly?
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But, he's been so successful... Seriously... Barry knows exactly what he's doing. Has there been anyone else in the history of this country who has turned a free market economic system upside down so quickly?
Fdr, but it took longer.
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But, he's been so successful... Seriously... Barry knows exactly what he's doing. Has there been anyone else in the history of this country who has turned a free market economic system upside down so quickly?
Carter?
Love the leadership he has shown during this. So glad that he got on TV and said.........uh......um...........?
Those vacations are a bitch.
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Carter?
(http://4.bp.blogspot.com/-yITvU-4l0iQ/Ti7soQ-7c7I/AAAAAAAAAL4/5EkXjwhMQMg/s1600/images.jpg)
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(http://4.bp.blogspot.com/-yITvU-4l0iQ/Ti7soQ-7c7I/AAAAAAAAAL4/5EkXjwhMQMg/s1600/images.jpg)
I said about a year ago that somewhere Carter is letting out a big sigh of relief that he won't go down as the worst President in history.
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I think my biggest problem with this administration is how their solution to everything is to throw money at it, and sticking the government's nose in the private sector where it doesn't belong. Maybe I just don't get it. Maybe that really is the best solution. I just don't see how it could be. It's like they don't know how to fix a problem, so they use the shotgun approach and say "Oh well, uhhhh.....give them some money. Yeah, that will work!" You can't create something permanant with a short term band-aid. That's what killed me with the part of the stimulus package that was to fund "shovel ready" construction projects, and create millions of jobs. Even in theory, it made no sense. At best, it was going to create a shit-ton of TEMPORARY jobs. When the construction job is finished and work dries up, guess what? You're right back to square one. And that's where we are right now.
After all of the TARP money, we are nearly right back where we were. Unemployment is still high. The housing market is still in the shitter. To me, it seems the economy is trying to be normal. For so long it was pumped up by things that weren't real. Has it ever occured to anybody that this IS what our economy should be like? This IS the reality of it? Maybe in reality, a 1700 sq. ft. house SHOULD cost $100,000. Not a ridiculous $200,000. And that's not really the government's fault, but the prices should be market driven; as in, driven by buyers. However, the government is trying to keep it as it was. In my opinion, the government has made everybody think within the box THEY created. I'm not a big anti-government nut or anything, but why should we think the way things were are normal? Who is to say what is normal and what isn't?
To me, normal is when a business can't stay in business any longer, they fail. They close. If you're not doing enough business to sustain, either you need to change how you do business, or the consumer has spoken and said they don't need or want your product. Normal is free market, where the consumers decide what will work and what doesn't. That's not what's happening now. I just don't understand it.
Am I just crazy?
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Am I just crazy?
Nope, just racist like the rest of us.
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After all of the TARP money, we are nearly right back where we were. Unemployment is still high. The housing market is still in the UATter.
Well, things are actually worse today than they were when the Chosen Boy took office. Most of his actions either did nothing to improve the overall situation or worsened the situations that existed. TARP was merely used as his constituent rewards program...
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I think my biggest problem with this administration is how their solution to everything is to throw money at it, and sticking the government's nose in the private sector where it doesn't belong. Maybe I just don't get it. Maybe that really is the best solution. I just don't see how it could be. It's like they don't know how to fix a problem, so they use the shotgun approach and say "Oh well, uhhhh.....give them some money. Yeah, that will work!" You can't create something permanant with a short term band-aid. That's what killed me with the part of the stimulus package that was to fund "shovel ready" construction projects, and create millions of jobs. Even in theory, it made no sense. At best, it was going to create a shit-ton of TEMPORARY jobs. When the construction job is finished and work dries up, guess what? You're right back to square one. And that's where we are right now.
After all of the TARP money, we are nearly right back where we were. Unemployment is still high. The housing market is still in the shitter. To me, it seems the economy is trying to be normal. For so long it was pumped up by things that weren't real. Has it ever occured to anybody that this IS what our economy should be like? This IS the reality of it? Maybe in reality, a 1700 sq. ft. house SHOULD cost $100,000. Not a ridiculous $200,000. And that's not really the government's fault, but the prices should be market driven; as in, driven by buyers. However, the government is trying to keep it as it was. In my opinion, the government has made everybody think within the box THEY created. I'm not a big anti-government nut or anything, but why should we think the way things were are normal? Who is to say what is normal and what isn't?
To me, normal is when a business can't stay in business any longer, they fail. They close. If yo #winningu're not doing enough business to sustain, either you need to change how you do business, or the consumer has spoken and said they don't need or want your product. Normal is free market, where the consumers decide what will work and what doesn't. That's not what's happening now. I just don't understand it.
Am I just crazy?
Everything you see is a result of too much govt intervention. And yes they directly affect the price of everything due to our monetary system. They have caused inflation by devaluing the currency. Price of goods goes up but spending power goes down or remains the same. That combo causes stagflation which is a real dilemma. We never had issues such as these when true supply side economic policies were in place. Only govt centered economic policies cause these conditions.
You have to be real careful when using the phrase "spending helps recovery". It does. But not govt or public spending. Citizen spending drives the economy. And its real currency earned, not borrowed. It boggles me how many citizens in this country would rather get their basic economic understanding from a hope and change speech, rather than history and genuine economic theory.
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Well, things are actually worse today than they were when the Chosen Boy took office. Most of his actions either did nothing to improve the overall situation or worsened the situations that existed. TARP was merely used as his constituent rewards program...
Correct. Credit rating down, unemployment up 1.5%, value of dollar down, gdp stagnant.
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Correct. Credit rating down, unemployment up 1.5%, value of dollar down, gdp stagnant.
Just to clarify... That's more like a 1.7% of additional unemployment rates or nearly a 25% increase since he took office.
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Just to clarify... That's more like a 1.7% of additional unemployment rates or nearly a 25% increase since he took office.
But, is that a bad thing? Sure, it's bad that people are out of jobs. Which means they are probably depending on some sort of government subsidy. But what were those jobs? Were those jobs that were created in the fist place for some bullshit reason that wasn't even needed, thus considered expendable? That's where I'm coming from. Maybe that is the job market stabilizing itself in the correct way. Maybe that is a sign that companies are putting forth better operating plans, to where they have realized consumers aren't spending as much, so they don't need as much workforce. Like it or not, unemployment is a portion of what a free market economy is. How right would it be for the government to again throw a bunch of money (that doesn't exist, mind you) to create jobs based on.....nothing. Companies just hiring people to, again, do something meaningless that the company doesn't even need. How does that make things better in the long run?
That's kind of my entire point, really. Sorry if I'm being confusing. We have learned that throwing money at this whole thing will not fix it. It won't create lasting jobs. It won't fix things long term. It is a waste. And all at the same time while we are throwing as much money as we can at every little problem, we devalue the dollar that much more, and drive up our debt that much more. For absolutely nothing.
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Citizen spending drives the economy. And its real currency earned, not borrowed.
This, people. This. Right. Here.
Real people. Real money. Spending that money everyday on real goods at real businesses. THAT is what drives the economy.
I think alot of what angers me is what I've seen my father-in-law go through. He has owned a very successful machine shop since around 2004. He is so responsible with his money, it isn't even funny. His bread and butter is making parts for a large international company that builds those shiny CO2 tanks you see our behind every restaurant or fast food place. When the economy tanked, and construction stopped, that means restaurants stopped expanding, and that meant they were not buying these tanks. Which means they aren't buying his parts to build new tanks. In turn, that meant my father-in-law was pretty much dead in the water. He laid off every employee, including my wife. He had no choice. He ended up not even taking a paycheck for a year. Most days, there was barely enough work to keep him alone busy
He didn't go to the government or anybody looking for a handout. Through sound business practices, and making quality products over the years, he had made alot of money and saved up a cushion for the business, and also a cushion personally. He had the foresight to look ahead and know that something may happen, whether it be a hurricane, economic downturn, etc, that may endanger his business. He had a solid business plan to pull through if he had to. He and his business always operated within their means. Today, business has returned and with 2-3 back working, he can barely keep up. His business model has always been don't make a shitty product, charge a reasonable price, and you will keep a consistant customer base. Very simple.
Maybe all of these larger businesses, such as automakers, etc are alot more complex than my father-in-law's machine shop. They probably are. I just can't help but wonder, if my 50-something father-in-law with a bachelors degree can make this work on a smaller level, how the fuck can the highly educated CEOs not work this shit out? It's just aggrivating.
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Citizen spending drives the economy. And its real currency earned, not borrowed. It boggles me how many citizens in this country would rather get their basic economic understanding from a hope and change speech, rather than history and genuine economic theory.
That's probably why so much of the citizen spending in the country isn't real currency but borrowed also.
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This, people. This. Right. Here.
Real people. Real money. Spending that money everyday on real goods at real businesses. THAT is what drives the economy.
I think alot of what angers me is what I've seen my father-in-law go through. He has owned a very successful machine shop since around 2004. He is so responsible with his money, it isn't even funny. His bread and butter is making parts for a large international company that builds those shiny CO2 tanks you see our behind every restaurant or fast food place. When the economy tanked, and construction stopped, that means restaurants stopped expanding, and that meant they were not buying these tanks. Which means they aren't buying his parts to build new tanks. In turn, that meant my father-in-law was pretty much dead in the water. He laid off every employee, including my wife. He had no choice. He ended up not even taking a paycheck for a year. Most days, there was barely enough work to keep him alone busy
He didn't go to the government or anybody looking for a handout. Through sound business practices, and making quality products over the years, he had made alot of money and saved up a cushion for the business, and also a cushion personally. He had the foresight to look ahead and know that something may happen, whether it be a hurricane, economic downturn, etc, that may endanger his business. He had a solid business plan to pull through if he had to. He and his business always operated within their means. Today, business has returned and with 2-3 back working, he can barely keep up. His business model has always been don't make a shitty product, charge a reasonable price, and you will keep a consistant customer base. Very simple.
Maybe all of these larger businesses, such as automakers, etc are alot more complex than my father-in-law's machine shop. They probably are. I just can't help but wonder, if my 50-something father-in-law with a bachelors degree can make this work on a smaller level, how the fuck can the highly educated CEOs not work this shit out? It's just aggrivating.
This is the kind of folks I want to do business with. What kind of machines does he have?
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This is the kind of folks I want to do business with. What kind of machines does he have?
4 axis Mazak mill, 2 Okuma lathes, all of which are CNC of course. Then he has some old manual Okuma lathes, which he says are sometimes more exact than a CNC machine, depending on what you're trying to do. Between all of those and his bigass automatic bandsaw, he has like 10 pieces of equipment. He used to make parts for the Navy's LCAC hovercraft until that program kind of fizzled somewhat. He's been at it like 30+ years. Does all of his own program writing and everything. When the tank company he makes parts for wants him to do a new part, they give him a print with dimensions and what they want it made out of. Generally, he wants to see what it goes on and how other parts on the tank interact with his part so he has a good understanding, but he comes up with the programming for it like it's no big deal.
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This lawn supervisor was out working on a sprinkler maintenance job when he started working on a Findlay sprinkler head with a Langstrom 7" Gangley Wrench.....
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Now you prepare that Fetzer valve with some 3-in-1 oil and some gauze pads. And I'm gonna need 'bout ten quarts of anti-freeze, preferably Prestone.
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Now you prepare that Fetzer valve with some 3-in-1 oil and some gauze pads. And I'm gonna need 'bout ten quarts of anti-freeze, preferably Prestone.
Ball bearings?
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Ball bearings?
Oh, it's all ball bearings these days.
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That's probably why so much of the citizen spending in the country isn't real currency but borrowed also.
I think you missed the context. People with jobs earning wages, spending that money in the retail arena and the trickle down effect it has from a macro perspective. When I say borrowed, I mean the govt borrowing more money from the fed and throwing it at the problem. It's not the natural way a free economy works. Yes, people on a micro level borrow too much, aka credit cards, etc. My point was that jobs create wages which is spent and stimulates the economy which creates more jobs.
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But, is that a bad thing? Sure, it's bad that people are out of jobs. Which means they are probably depending on some sort of government subsidy. But what were those jobs? Were those jobs that were created in the fist place for some bullUAT reason that wasn't even needed, thus considered expendable? That's where I'm coming from. Maybe that is the job market stabilizing itself in the correct way. Maybe that is a sign that companies are putting forth better operating plans, to where they have realized consumers aren't spending as much, so they don't need as much workforce. Like it or not, unemployment is a portion of what a free market economy is. How right would it be for the government to again throw a bunch of money (that doesn't exist, mind you) to create jobs based on.....nothing. Companies just hiring people to, again, do something meaningless that the company doesn't even need. How does that make things better in the long run?
That's kind of my entire point, really. Sorry if I'm being confusing. We have learned that throwing money at this whole thing will not fix it. It won't create lasting jobs. It won't fix things long term. It is a waste. And all at the same time while we are throwing as much money as we can at every little problem, we devalue the dollar that much more, and drive up our debt that much more. For absolutely nothing.
I understand your point, but there are a lot of ridiculous things at work. A lot of companies are collectively sitting on hundreds of billions in reserve right now. They're hesitant to make any significant investments (hiring new employees) because they don't know what Obama's going to do next. At the end of last year, we came to an agreement to extend the evil "Bush tax cuts". Unemployment began to fall from it's October high of 10.1%. Just a few months later, there he goes again wanting to raise taxes on corporations and corporate jet owners. You can't continually threaten the job creators and expect the economy to improve.
Most of us have already known that throwing money at this problem isn't going to solve it. The shovel-ready jobs infusion was a stupid idea. He just created a bunch of temporary jobs in minimal ROI/non-productive sectors that don't self-sustain. Once these public works utilities use up the funds, they're just going to layoff the temporary workers. If he was serious about creating long-term growth, he should have cut the corporate tax rate from 35% down to 20-30% and infuse the SBA with the funds used for the shovel-ready jobs programs. Empower the SBA to offer low interest loans to small businesses and new startups with the strongest business cases. Most of our workers are employed by small businesses. This would have gone a long way to improving our situation.
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Most of us have already known that throwing money at this problem isn't going to solve it. The shovel-ready jobs infusion was a stupid idea. He just created a bunch of temporary jobs in minimal ROI/non-productive sectors that don't self-sustain. Once these public works utilities use up the funds, they're just going to layoff the temporary workers. If he was serious about creating long-term growth, he should have cut the corporate tax rate from 35% down to 20-30% and infuse the SBA with the funds used for the shovel-ready jobs programs. Empower the SBA to offer low interest loans to small businesses and new startups with the strongest business cases. Most of our workers are employed by small businesses. This would have gone a long way to improving our situation.
As long as there are politicians with their hands in the money, unfortunately, this will never happen. The money will always go to wherever the pols interests lie. And that's really sad.
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As long as there are politicians with their hands in the money, unfortunately, this will never happen. The money will always go to wherever the pols interests lie. And that's really sad.
It's pretty close to Herman Cain's idea for an economic stimulus. I have hope for change...
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It's pretty close to Herman Cain's idea for an economic stimulus. I have hope for change...
I don't like him, but Newt put on an economic clinic last night.
Bachmann went off on Pawlenty as well.
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I don't like him, but Newt put on an economic clinic last night.
Bachmann went off on Pawlenty as well.
They truly dislike each other to put it politely. I have heard them separately express dislike for one another in separate political radio interviews so the sparring between them last night did not surprise me.
I don't particularly care for Newt either but he did a good job last night.
Which reminds me I should probably start a separate thread on the debate...