Home › Forums › Financial Markets/Economics › Fed cuts .5% yet again…
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lendingbubblecontinues.
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January 31, 2008 at 8:11 AM #146255January 31, 2008 at 8:17 AM #145921
kewp
ParticipantUm, kewp, again not trying to pick up a fight here. But when an organization, your organization that employees you, declares they have at least a $417million shortfall, don’t you think somehow you’re going to be affected?
Read the fine print!
It’s $417 million less than what the Regents asked for.
We are getting a $223 million budget increase, then taking a 10% ($332 million) haircut. So really its more like getting $90 million dinged off of our current budget.
Since students are our #1 cost, its easy to make that up by restricting enrollment and raising fees. Which is not an issue because we have kids clamoring at the door to get in.
If the state/fed government goes kaput, yeah I’m (and you and everyone else) in deep doo-doo.
But personally, my opinion is we can easily balance our budget if we stop waging war while cutting taxes for rich people. Hopefully President Obama will do that. 🙂
January 31, 2008 at 8:17 AM #146166ParticipantUm, kewp, again not trying to pick up a fight here. But when an organization, your organization that employees you, declares they have at least a $417million shortfall, don’t you think somehow you’re going to be affected?
Read the fine print!
It’s $417 million less than what the Regents asked for.
We are getting a $223 million budget increase, then taking a 10% ($332 million) haircut. So really its more like getting $90 million dinged off of our current budget.
Since students are our #1 cost, its easy to make that up by restricting enrollment and raising fees. Which is not an issue because we have kids clamoring at the door to get in.
If the state/fed government goes kaput, yeah I’m (and you and everyone else) in deep doo-doo.
But personally, my opinion is we can easily balance our budget if we stop waging war while cutting taxes for rich people. Hopefully President Obama will do that. 🙂
January 31, 2008 at 8:17 AM #146193ParticipantUm, kewp, again not trying to pick up a fight here. But when an organization, your organization that employees you, declares they have at least a $417million shortfall, don’t you think somehow you’re going to be affected?
Read the fine print!
It’s $417 million less than what the Regents asked for.
We are getting a $223 million budget increase, then taking a 10% ($332 million) haircut. So really its more like getting $90 million dinged off of our current budget.
Since students are our #1 cost, its easy to make that up by restricting enrollment and raising fees. Which is not an issue because we have kids clamoring at the door to get in.
If the state/fed government goes kaput, yeah I’m (and you and everyone else) in deep doo-doo.
But personally, my opinion is we can easily balance our budget if we stop waging war while cutting taxes for rich people. Hopefully President Obama will do that. 🙂
January 31, 2008 at 8:17 AM #146204ParticipantUm, kewp, again not trying to pick up a fight here. But when an organization, your organization that employees you, declares they have at least a $417million shortfall, don’t you think somehow you’re going to be affected?
Read the fine print!
It’s $417 million less than what the Regents asked for.
We are getting a $223 million budget increase, then taking a 10% ($332 million) haircut. So really its more like getting $90 million dinged off of our current budget.
Since students are our #1 cost, its easy to make that up by restricting enrollment and raising fees. Which is not an issue because we have kids clamoring at the door to get in.
If the state/fed government goes kaput, yeah I’m (and you and everyone else) in deep doo-doo.
But personally, my opinion is we can easily balance our budget if we stop waging war while cutting taxes for rich people. Hopefully President Obama will do that. 🙂
January 31, 2008 at 8:17 AM #146264ParticipantUm, kewp, again not trying to pick up a fight here. But when an organization, your organization that employees you, declares they have at least a $417million shortfall, don’t you think somehow you’re going to be affected?
Read the fine print!
It’s $417 million less than what the Regents asked for.
We are getting a $223 million budget increase, then taking a 10% ($332 million) haircut. So really its more like getting $90 million dinged off of our current budget.
Since students are our #1 cost, its easy to make that up by restricting enrollment and raising fees. Which is not an issue because we have kids clamoring at the door to get in.
If the state/fed government goes kaput, yeah I’m (and you and everyone else) in deep doo-doo.
But personally, my opinion is we can easily balance our budget if we stop waging war while cutting taxes for rich people. Hopefully President Obama will do that. 🙂
January 31, 2008 at 8:23 AM #145925SD Realtor
ParticipantBreeze no you are not supposed to feel sorry for me at all. My example is actually one that is supposed to display how fragile an engineering job can be. The example was not supposed to draw pity or anything of the sort.
Once more you my friend have missed the point entirely. I don’t want your pity for myself, for the american people, for anybody.
Many bulls get BLASTED for trying to portray a situation that is not based on fact, that is speculative in nature. In some respects sitting way up high on your pile of money looking down at the minyans and saying eh, let the bad times roll so they will all learn thier lessons, while you personally will not be affected, while NOBODY that you care about or have ever cared about will NEVER BE AFFECTED is a LIE. It is a fallacy that lies on the other end of the spectrum as those bulls who routinely get blasted.
No doubt there is tons of opportunity. You don’t need to tell me about it. I feel the same way about people who bitch about the price of housing Breeze. Hey people bitch about how you cannot afford a downpayment? Well work your ass off and save money. I do it. I work my ass off and have saved plenty of cash. I don’t personally wish for a monster recession to come and spank everyone back to a quaker like existence just so that I can afford a home. Talk about whining… how many posts do we see where people are whining about how they are priced out? Hey tough break for you pal, think about ways to make yourself more money to even the playing field rather then wishing that the playing field will come down to you.
Look I KNOW that there is no solution here. I don’t have a drop of sympathy for American citizens who overspend and such. I care about myself and family first, but also for my relatives and many friends I have. Many of them are hard working and they WILL be affected adversely. I know that there is no panacea that will not hurt and hurt badly and hurt those that deserve and do not deserve it.
Try this Breeze. List all of your relatives, list all of your friends and go down that list and see if none of them are affected. That they all are as well prepped as you and oh by the way when they do get whacked, make sure you tell them to pick it up and take a salt pill.
SD Realtor
January 31, 2008 at 8:23 AM #146171ParticipantBreeze no you are not supposed to feel sorry for me at all. My example is actually one that is supposed to display how fragile an engineering job can be. The example was not supposed to draw pity or anything of the sort.
Once more you my friend have missed the point entirely. I don’t want your pity for myself, for the american people, for anybody.
Many bulls get BLASTED for trying to portray a situation that is not based on fact, that is speculative in nature. In some respects sitting way up high on your pile of money looking down at the minyans and saying eh, let the bad times roll so they will all learn thier lessons, while you personally will not be affected, while NOBODY that you care about or have ever cared about will NEVER BE AFFECTED is a LIE. It is a fallacy that lies on the other end of the spectrum as those bulls who routinely get blasted.
No doubt there is tons of opportunity. You don’t need to tell me about it. I feel the same way about people who bitch about the price of housing Breeze. Hey people bitch about how you cannot afford a downpayment? Well work your ass off and save money. I do it. I work my ass off and have saved plenty of cash. I don’t personally wish for a monster recession to come and spank everyone back to a quaker like existence just so that I can afford a home. Talk about whining… how many posts do we see where people are whining about how they are priced out? Hey tough break for you pal, think about ways to make yourself more money to even the playing field rather then wishing that the playing field will come down to you.
Look I KNOW that there is no solution here. I don’t have a drop of sympathy for American citizens who overspend and such. I care about myself and family first, but also for my relatives and many friends I have. Many of them are hard working and they WILL be affected adversely. I know that there is no panacea that will not hurt and hurt badly and hurt those that deserve and do not deserve it.
Try this Breeze. List all of your relatives, list all of your friends and go down that list and see if none of them are affected. That they all are as well prepped as you and oh by the way when they do get whacked, make sure you tell them to pick it up and take a salt pill.
SD Realtor
January 31, 2008 at 8:23 AM #146198ParticipantBreeze no you are not supposed to feel sorry for me at all. My example is actually one that is supposed to display how fragile an engineering job can be. The example was not supposed to draw pity or anything of the sort.
Once more you my friend have missed the point entirely. I don’t want your pity for myself, for the american people, for anybody.
Many bulls get BLASTED for trying to portray a situation that is not based on fact, that is speculative in nature. In some respects sitting way up high on your pile of money looking down at the minyans and saying eh, let the bad times roll so they will all learn thier lessons, while you personally will not be affected, while NOBODY that you care about or have ever cared about will NEVER BE AFFECTED is a LIE. It is a fallacy that lies on the other end of the spectrum as those bulls who routinely get blasted.
No doubt there is tons of opportunity. You don’t need to tell me about it. I feel the same way about people who bitch about the price of housing Breeze. Hey people bitch about how you cannot afford a downpayment? Well work your ass off and save money. I do it. I work my ass off and have saved plenty of cash. I don’t personally wish for a monster recession to come and spank everyone back to a quaker like existence just so that I can afford a home. Talk about whining… how many posts do we see where people are whining about how they are priced out? Hey tough break for you pal, think about ways to make yourself more money to even the playing field rather then wishing that the playing field will come down to you.
Look I KNOW that there is no solution here. I don’t have a drop of sympathy for American citizens who overspend and such. I care about myself and family first, but also for my relatives and many friends I have. Many of them are hard working and they WILL be affected adversely. I know that there is no panacea that will not hurt and hurt badly and hurt those that deserve and do not deserve it.
Try this Breeze. List all of your relatives, list all of your friends and go down that list and see if none of them are affected. That they all are as well prepped as you and oh by the way when they do get whacked, make sure you tell them to pick it up and take a salt pill.
SD Realtor
January 31, 2008 at 8:23 AM #146209ParticipantBreeze no you are not supposed to feel sorry for me at all. My example is actually one that is supposed to display how fragile an engineering job can be. The example was not supposed to draw pity or anything of the sort.
Once more you my friend have missed the point entirely. I don’t want your pity for myself, for the american people, for anybody.
Many bulls get BLASTED for trying to portray a situation that is not based on fact, that is speculative in nature. In some respects sitting way up high on your pile of money looking down at the minyans and saying eh, let the bad times roll so they will all learn thier lessons, while you personally will not be affected, while NOBODY that you care about or have ever cared about will NEVER BE AFFECTED is a LIE. It is a fallacy that lies on the other end of the spectrum as those bulls who routinely get blasted.
No doubt there is tons of opportunity. You don’t need to tell me about it. I feel the same way about people who bitch about the price of housing Breeze. Hey people bitch about how you cannot afford a downpayment? Well work your ass off and save money. I do it. I work my ass off and have saved plenty of cash. I don’t personally wish for a monster recession to come and spank everyone back to a quaker like existence just so that I can afford a home. Talk about whining… how many posts do we see where people are whining about how they are priced out? Hey tough break for you pal, think about ways to make yourself more money to even the playing field rather then wishing that the playing field will come down to you.
Look I KNOW that there is no solution here. I don’t have a drop of sympathy for American citizens who overspend and such. I care about myself and family first, but also for my relatives and many friends I have. Many of them are hard working and they WILL be affected adversely. I know that there is no panacea that will not hurt and hurt badly and hurt those that deserve and do not deserve it.
Try this Breeze. List all of your relatives, list all of your friends and go down that list and see if none of them are affected. That they all are as well prepped as you and oh by the way when they do get whacked, make sure you tell them to pick it up and take a salt pill.
SD Realtor
January 31, 2008 at 8:23 AM #146271ParticipantBreeze no you are not supposed to feel sorry for me at all. My example is actually one that is supposed to display how fragile an engineering job can be. The example was not supposed to draw pity or anything of the sort.
Once more you my friend have missed the point entirely. I don’t want your pity for myself, for the american people, for anybody.
Many bulls get BLASTED for trying to portray a situation that is not based on fact, that is speculative in nature. In some respects sitting way up high on your pile of money looking down at the minyans and saying eh, let the bad times roll so they will all learn thier lessons, while you personally will not be affected, while NOBODY that you care about or have ever cared about will NEVER BE AFFECTED is a LIE. It is a fallacy that lies on the other end of the spectrum as those bulls who routinely get blasted.
No doubt there is tons of opportunity. You don’t need to tell me about it. I feel the same way about people who bitch about the price of housing Breeze. Hey people bitch about how you cannot afford a downpayment? Well work your ass off and save money. I do it. I work my ass off and have saved plenty of cash. I don’t personally wish for a monster recession to come and spank everyone back to a quaker like existence just so that I can afford a home. Talk about whining… how many posts do we see where people are whining about how they are priced out? Hey tough break for you pal, think about ways to make yourself more money to even the playing field rather then wishing that the playing field will come down to you.
Look I KNOW that there is no solution here. I don’t have a drop of sympathy for American citizens who overspend and such. I care about myself and family first, but also for my relatives and many friends I have. Many of them are hard working and they WILL be affected adversely. I know that there is no panacea that will not hurt and hurt badly and hurt those that deserve and do not deserve it.
Try this Breeze. List all of your relatives, list all of your friends and go down that list and see if none of them are affected. That they all are as well prepped as you and oh by the way when they do get whacked, make sure you tell them to pick it up and take a salt pill.
SD Realtor
January 31, 2008 at 9:41 AM #145986JWM in SD
ParticipantJWM in SD
“So this is what I fear. This is what concerns me much more then anything else. That is why when someone posts be careful what you wish for, I think some of us understand the gravity of that statement much more then others.
Does that make sense?”
Yes, it does and that is why I was harping about the macro-economic picture well over a year ago while everyone else here was bleating on about whether or not Carmel Valley prices will ever moderate.
January 31, 2008 at 9:41 AM #146231ParticipantJWM in SD
“So this is what I fear. This is what concerns me much more then anything else. That is why when someone posts be careful what you wish for, I think some of us understand the gravity of that statement much more then others.
Does that make sense?”
Yes, it does and that is why I was harping about the macro-economic picture well over a year ago while everyone else here was bleating on about whether or not Carmel Valley prices will ever moderate.
January 31, 2008 at 9:41 AM #146258ParticipantJWM in SD
“So this is what I fear. This is what concerns me much more then anything else. That is why when someone posts be careful what you wish for, I think some of us understand the gravity of that statement much more then others.
Does that make sense?”
Yes, it does and that is why I was harping about the macro-economic picture well over a year ago while everyone else here was bleating on about whether or not Carmel Valley prices will ever moderate.
January 31, 2008 at 9:41 AM #146269ParticipantJWM in SD
“So this is what I fear. This is what concerns me much more then anything else. That is why when someone posts be careful what you wish for, I think some of us understand the gravity of that statement much more then others.
Does that make sense?”
Yes, it does and that is why I was harping about the macro-economic picture well over a year ago while everyone else here was bleating on about whether or not Carmel Valley prices will ever moderate.
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