Home › Forums › Financial Markets/Economics › california tax revolt: attend a TEA PARTY!
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April 18, 2009 at 8:08 PM #384393April 18, 2009 at 8:45 PM #383762CoronitaParticipant
[quote=svelte][quote=partypup]
Afx114, in the midst of EVERYTHING that is happening – as we watch Obama incur the biggest deficit in American history and pass the fruits of that deficit to banks (just as Bush began to do with TARP) – how do you possibly come to the conclusion that these protesters are simply angry Republicans? Seriously, do you think that a Democrat should not be fed up with what is happening? I’ve never voted GOP, and if I hadn’t been on a 3-hour feeding and diapering schedule with my son I would have gladly attended a tea party.If you think this is just about “right wing” extremists, you’re fooling yourself. [/quote]
Oh, give me a break! If you don’t believe it was the Republicans driving this teabagging party, then you’re extremely gullible!
And the last time I checked, babies were portable…they can be moved from place to place in strollers and car seats.
I just have to wonder where these folks were when Republicans were creating a massive deficit like drunken sailors the last eight years. Not a peep then. Geez how people only see what they want to see.
And to sit here and bitch “Socialism” and “Tyranny” when we have no choice but to loan money in attempts to get us out of the biggest pickle we’ve been in since the Great Depression – which was created while the Republicans fiddled and turned a blind eye – absolutely flabberghasts me.
It’s just like when these folks impeached Gray Davis but now that a Republican Terminator is raising fees shortly after re-election, NOT A PEEP.
What a crock.[/quote]
Wait, I thought the CA voters recalled Davis…Just like the CA voters put in the Terminator….
I think what got us into this mess is significantly the fault of the american public. Blame it on banks, but if equally guilty are the folks that extended themselves silly without understanding the implications. It takes two to tango.
April 18, 2009 at 8:45 PM #384028CoronitaParticipant[quote=svelte][quote=partypup]
Afx114, in the midst of EVERYTHING that is happening – as we watch Obama incur the biggest deficit in American history and pass the fruits of that deficit to banks (just as Bush began to do with TARP) – how do you possibly come to the conclusion that these protesters are simply angry Republicans? Seriously, do you think that a Democrat should not be fed up with what is happening? I’ve never voted GOP, and if I hadn’t been on a 3-hour feeding and diapering schedule with my son I would have gladly attended a tea party.If you think this is just about “right wing” extremists, you’re fooling yourself. [/quote]
Oh, give me a break! If you don’t believe it was the Republicans driving this teabagging party, then you’re extremely gullible!
And the last time I checked, babies were portable…they can be moved from place to place in strollers and car seats.
I just have to wonder where these folks were when Republicans were creating a massive deficit like drunken sailors the last eight years. Not a peep then. Geez how people only see what they want to see.
And to sit here and bitch “Socialism” and “Tyranny” when we have no choice but to loan money in attempts to get us out of the biggest pickle we’ve been in since the Great Depression – which was created while the Republicans fiddled and turned a blind eye – absolutely flabberghasts me.
It’s just like when these folks impeached Gray Davis but now that a Republican Terminator is raising fees shortly after re-election, NOT A PEEP.
What a crock.[/quote]
Wait, I thought the CA voters recalled Davis…Just like the CA voters put in the Terminator….
I think what got us into this mess is significantly the fault of the american public. Blame it on banks, but if equally guilty are the folks that extended themselves silly without understanding the implications. It takes two to tango.
April 18, 2009 at 8:45 PM #384221CoronitaParticipant[quote=svelte][quote=partypup]
Afx114, in the midst of EVERYTHING that is happening – as we watch Obama incur the biggest deficit in American history and pass the fruits of that deficit to banks (just as Bush began to do with TARP) – how do you possibly come to the conclusion that these protesters are simply angry Republicans? Seriously, do you think that a Democrat should not be fed up with what is happening? I’ve never voted GOP, and if I hadn’t been on a 3-hour feeding and diapering schedule with my son I would have gladly attended a tea party.If you think this is just about “right wing” extremists, you’re fooling yourself. [/quote]
Oh, give me a break! If you don’t believe it was the Republicans driving this teabagging party, then you’re extremely gullible!
And the last time I checked, babies were portable…they can be moved from place to place in strollers and car seats.
I just have to wonder where these folks were when Republicans were creating a massive deficit like drunken sailors the last eight years. Not a peep then. Geez how people only see what they want to see.
And to sit here and bitch “Socialism” and “Tyranny” when we have no choice but to loan money in attempts to get us out of the biggest pickle we’ve been in since the Great Depression – which was created while the Republicans fiddled and turned a blind eye – absolutely flabberghasts me.
It’s just like when these folks impeached Gray Davis but now that a Republican Terminator is raising fees shortly after re-election, NOT A PEEP.
What a crock.[/quote]
Wait, I thought the CA voters recalled Davis…Just like the CA voters put in the Terminator….
I think what got us into this mess is significantly the fault of the american public. Blame it on banks, but if equally guilty are the folks that extended themselves silly without understanding the implications. It takes two to tango.
April 18, 2009 at 8:45 PM #384270CoronitaParticipant[quote=svelte][quote=partypup]
Afx114, in the midst of EVERYTHING that is happening – as we watch Obama incur the biggest deficit in American history and pass the fruits of that deficit to banks (just as Bush began to do with TARP) – how do you possibly come to the conclusion that these protesters are simply angry Republicans? Seriously, do you think that a Democrat should not be fed up with what is happening? I’ve never voted GOP, and if I hadn’t been on a 3-hour feeding and diapering schedule with my son I would have gladly attended a tea party.If you think this is just about “right wing” extremists, you’re fooling yourself. [/quote]
Oh, give me a break! If you don’t believe it was the Republicans driving this teabagging party, then you’re extremely gullible!
And the last time I checked, babies were portable…they can be moved from place to place in strollers and car seats.
I just have to wonder where these folks were when Republicans were creating a massive deficit like drunken sailors the last eight years. Not a peep then. Geez how people only see what they want to see.
And to sit here and bitch “Socialism” and “Tyranny” when we have no choice but to loan money in attempts to get us out of the biggest pickle we’ve been in since the Great Depression – which was created while the Republicans fiddled and turned a blind eye – absolutely flabberghasts me.
It’s just like when these folks impeached Gray Davis but now that a Republican Terminator is raising fees shortly after re-election, NOT A PEEP.
What a crock.[/quote]
Wait, I thought the CA voters recalled Davis…Just like the CA voters put in the Terminator….
I think what got us into this mess is significantly the fault of the american public. Blame it on banks, but if equally guilty are the folks that extended themselves silly without understanding the implications. It takes two to tango.
April 18, 2009 at 8:45 PM #384403CoronitaParticipant[quote=svelte][quote=partypup]
Afx114, in the midst of EVERYTHING that is happening – as we watch Obama incur the biggest deficit in American history and pass the fruits of that deficit to banks (just as Bush began to do with TARP) – how do you possibly come to the conclusion that these protesters are simply angry Republicans? Seriously, do you think that a Democrat should not be fed up with what is happening? I’ve never voted GOP, and if I hadn’t been on a 3-hour feeding and diapering schedule with my son I would have gladly attended a tea party.If you think this is just about “right wing” extremists, you’re fooling yourself. [/quote]
Oh, give me a break! If you don’t believe it was the Republicans driving this teabagging party, then you’re extremely gullible!
And the last time I checked, babies were portable…they can be moved from place to place in strollers and car seats.
I just have to wonder where these folks were when Republicans were creating a massive deficit like drunken sailors the last eight years. Not a peep then. Geez how people only see what they want to see.
And to sit here and bitch “Socialism” and “Tyranny” when we have no choice but to loan money in attempts to get us out of the biggest pickle we’ve been in since the Great Depression – which was created while the Republicans fiddled and turned a blind eye – absolutely flabberghasts me.
It’s just like when these folks impeached Gray Davis but now that a Republican Terminator is raising fees shortly after re-election, NOT A PEEP.
What a crock.[/quote]
Wait, I thought the CA voters recalled Davis…Just like the CA voters put in the Terminator….
I think what got us into this mess is significantly the fault of the american public. Blame it on banks, but if equally guilty are the folks that extended themselves silly without understanding the implications. It takes two to tango.
April 18, 2009 at 11:49 PM #383787urbanrealtorParticipant[quote=Allan from Fallbrook] You think this shit is a mess? Wait until you catch a whiff of the biggest unfunded liability on the planet: Medicare and Social Security. You’re talking $80Trn to $100Trn; numbers that absolutely dwarf the present crisis, both in terms of sheer magnitude and societal impact.
[/quote]Your point is well taken but the sheer magnitude of that liability is the kind of thing that begs the question of what will be done.
Obviously, if this expense were to be a catastrophically incurred, monetization (or even just paying out of reserves) would not be an option.
It would require an honest-to-dobbs paradigm shift.
Everyone would have to re-think how best to achieve the intended result.Examples of previous expense-driven innovations:
-Universal health (British post-war)
-The automobile
-the pc
-Home loans of more than 50% LTVI mean once the expense gets too big, the rules just change in a big way.
April 18, 2009 at 11:49 PM #384051urbanrealtorParticipant[quote=Allan from Fallbrook] You think this shit is a mess? Wait until you catch a whiff of the biggest unfunded liability on the planet: Medicare and Social Security. You’re talking $80Trn to $100Trn; numbers that absolutely dwarf the present crisis, both in terms of sheer magnitude and societal impact.
[/quote]Your point is well taken but the sheer magnitude of that liability is the kind of thing that begs the question of what will be done.
Obviously, if this expense were to be a catastrophically incurred, monetization (or even just paying out of reserves) would not be an option.
It would require an honest-to-dobbs paradigm shift.
Everyone would have to re-think how best to achieve the intended result.Examples of previous expense-driven innovations:
-Universal health (British post-war)
-The automobile
-the pc
-Home loans of more than 50% LTVI mean once the expense gets too big, the rules just change in a big way.
April 18, 2009 at 11:49 PM #384246urbanrealtorParticipant[quote=Allan from Fallbrook] You think this shit is a mess? Wait until you catch a whiff of the biggest unfunded liability on the planet: Medicare and Social Security. You’re talking $80Trn to $100Trn; numbers that absolutely dwarf the present crisis, both in terms of sheer magnitude and societal impact.
[/quote]Your point is well taken but the sheer magnitude of that liability is the kind of thing that begs the question of what will be done.
Obviously, if this expense were to be a catastrophically incurred, monetization (or even just paying out of reserves) would not be an option.
It would require an honest-to-dobbs paradigm shift.
Everyone would have to re-think how best to achieve the intended result.Examples of previous expense-driven innovations:
-Universal health (British post-war)
-The automobile
-the pc
-Home loans of more than 50% LTVI mean once the expense gets too big, the rules just change in a big way.
April 18, 2009 at 11:49 PM #384295urbanrealtorParticipant[quote=Allan from Fallbrook] You think this shit is a mess? Wait until you catch a whiff of the biggest unfunded liability on the planet: Medicare and Social Security. You’re talking $80Trn to $100Trn; numbers that absolutely dwarf the present crisis, both in terms of sheer magnitude and societal impact.
[/quote]Your point is well taken but the sheer magnitude of that liability is the kind of thing that begs the question of what will be done.
Obviously, if this expense were to be a catastrophically incurred, monetization (or even just paying out of reserves) would not be an option.
It would require an honest-to-dobbs paradigm shift.
Everyone would have to re-think how best to achieve the intended result.Examples of previous expense-driven innovations:
-Universal health (British post-war)
-The automobile
-the pc
-Home loans of more than 50% LTVI mean once the expense gets too big, the rules just change in a big way.
April 18, 2009 at 11:49 PM #384429urbanrealtorParticipant[quote=Allan from Fallbrook] You think this shit is a mess? Wait until you catch a whiff of the biggest unfunded liability on the planet: Medicare and Social Security. You’re talking $80Trn to $100Trn; numbers that absolutely dwarf the present crisis, both in terms of sheer magnitude and societal impact.
[/quote]Your point is well taken but the sheer magnitude of that liability is the kind of thing that begs the question of what will be done.
Obviously, if this expense were to be a catastrophically incurred, monetization (or even just paying out of reserves) would not be an option.
It would require an honest-to-dobbs paradigm shift.
Everyone would have to re-think how best to achieve the intended result.Examples of previous expense-driven innovations:
-Universal health (British post-war)
-The automobile
-the pc
-Home loans of more than 50% LTVI mean once the expense gets too big, the rules just change in a big way.
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