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March 15, 2011 at 2:32 AM #678120March 15, 2011 at 8:08 AM #677019briansd1Guest
CA renter, assuming your solutions will work, they will take time to implement.
What do we do in the mean time? The budget needs to be balance right now.
Also your solution might work for California, but what about other states that have huge deficits also?
BTW, you California solutions includes tax increases. And how do you charge employers for the costs of immigration? That would be a Federal thing so the State would not get the revenue.
And do you propose discriminating against certain American citizens because their parents are/were unauthorized immigrants? That’s not the American way.
March 15, 2011 at 8:08 AM #677072briansd1GuestCA renter, assuming your solutions will work, they will take time to implement.
What do we do in the mean time? The budget needs to be balance right now.
Also your solution might work for California, but what about other states that have huge deficits also?
BTW, you California solutions includes tax increases. And how do you charge employers for the costs of immigration? That would be a Federal thing so the State would not get the revenue.
And do you propose discriminating against certain American citizens because their parents are/were unauthorized immigrants? That’s not the American way.
March 15, 2011 at 8:08 AM #677686briansd1GuestCA renter, assuming your solutions will work, they will take time to implement.
What do we do in the mean time? The budget needs to be balance right now.
Also your solution might work for California, but what about other states that have huge deficits also?
BTW, you California solutions includes tax increases. And how do you charge employers for the costs of immigration? That would be a Federal thing so the State would not get the revenue.
And do you propose discriminating against certain American citizens because their parents are/were unauthorized immigrants? That’s not the American way.
March 15, 2011 at 8:08 AM #677819briansd1GuestCA renter, assuming your solutions will work, they will take time to implement.
What do we do in the mean time? The budget needs to be balance right now.
Also your solution might work for California, but what about other states that have huge deficits also?
BTW, you California solutions includes tax increases. And how do you charge employers for the costs of immigration? That would be a Federal thing so the State would not get the revenue.
And do you propose discriminating against certain American citizens because their parents are/were unauthorized immigrants? That’s not the American way.
March 15, 2011 at 8:08 AM #678164briansd1GuestCA renter, assuming your solutions will work, they will take time to implement.
What do we do in the mean time? The budget needs to be balance right now.
Also your solution might work for California, but what about other states that have huge deficits also?
BTW, you California solutions includes tax increases. And how do you charge employers for the costs of immigration? That would be a Federal thing so the State would not get the revenue.
And do you propose discriminating against certain American citizens because their parents are/were unauthorized immigrants? That’s not the American way.
March 15, 2011 at 8:17 AM #677032jpinpbParticipant[quote=briansd1]
Perhaps CA renter is decrying the fact that we have to rely on Wall Street at all. But it’s the foundation of our capitalist system.
[/quote]I think you have it backwards, brian. Wall Street has been relying on us. They made money off our stupidity and they are being bailed out by the taxpayers while cuts are made.
And one more thing to consider. I remember you were in favor of bailing out banks b/c the whole system would collapse. They got their money. They are slow in releasing their inventory, taking the loss and adjusting their books. AND very few are lending.
March 15, 2011 at 8:17 AM #677087jpinpbParticipant[quote=briansd1]
Perhaps CA renter is decrying the fact that we have to rely on Wall Street at all. But it’s the foundation of our capitalist system.
[/quote]I think you have it backwards, brian. Wall Street has been relying on us. They made money off our stupidity and they are being bailed out by the taxpayers while cuts are made.
And one more thing to consider. I remember you were in favor of bailing out banks b/c the whole system would collapse. They got their money. They are slow in releasing their inventory, taking the loss and adjusting their books. AND very few are lending.
March 15, 2011 at 8:17 AM #677701jpinpbParticipant[quote=briansd1]
Perhaps CA renter is decrying the fact that we have to rely on Wall Street at all. But it’s the foundation of our capitalist system.
[/quote]I think you have it backwards, brian. Wall Street has been relying on us. They made money off our stupidity and they are being bailed out by the taxpayers while cuts are made.
And one more thing to consider. I remember you were in favor of bailing out banks b/c the whole system would collapse. They got their money. They are slow in releasing their inventory, taking the loss and adjusting their books. AND very few are lending.
March 15, 2011 at 8:17 AM #677834jpinpbParticipant[quote=briansd1]
Perhaps CA renter is decrying the fact that we have to rely on Wall Street at all. But it’s the foundation of our capitalist system.
[/quote]I think you have it backwards, brian. Wall Street has been relying on us. They made money off our stupidity and they are being bailed out by the taxpayers while cuts are made.
And one more thing to consider. I remember you were in favor of bailing out banks b/c the whole system would collapse. They got their money. They are slow in releasing their inventory, taking the loss and adjusting their books. AND very few are lending.
March 15, 2011 at 8:17 AM #678179jpinpbParticipant[quote=briansd1]
Perhaps CA renter is decrying the fact that we have to rely on Wall Street at all. But it’s the foundation of our capitalist system.
[/quote]I think you have it backwards, brian. Wall Street has been relying on us. They made money off our stupidity and they are being bailed out by the taxpayers while cuts are made.
And one more thing to consider. I remember you were in favor of bailing out banks b/c the whole system would collapse. They got their money. They are slow in releasing their inventory, taking the loss and adjusting their books. AND very few are lending.
March 15, 2011 at 8:40 AM #677042briansd1Guest[quote=jpinpb]
I think you have it backwards, brian. Wall Street has been relying on us. They made money off our stupidity and they are being bailed out by the taxpayers while cuts are made.
[/quote]Ok. That’s where we differ.
As a society, we greatly benefited from Wall Street. Without Wall Street and the lending they created, our economy would have been a fraction of what it is now.
Without credit cards, retailers would suffer, restaurants would close and the economy wouldn’t be as vibrant.
Without Wall Street, America would not be the capitalist society it is today.
BTW, CA renter complains about the 7%-9% annual returns that Wall Street did not deliver, but she forgot that relying on those returns allowed the compensation largesse to begin with.
Another thing that CA renter did not address is layoffs. As she admitted before, the revenue of the bubble years, combined with anticipated returns on investments allowed state and local governments to go on a spending binge (government spending grew much faster than population and inflation).
How about rolling back spending to the pre-bubble years and mandating that government spending not increase faster than population growth + inflation?
March 15, 2011 at 8:40 AM #677097briansd1Guest[quote=jpinpb]
I think you have it backwards, brian. Wall Street has been relying on us. They made money off our stupidity and they are being bailed out by the taxpayers while cuts are made.
[/quote]Ok. That’s where we differ.
As a society, we greatly benefited from Wall Street. Without Wall Street and the lending they created, our economy would have been a fraction of what it is now.
Without credit cards, retailers would suffer, restaurants would close and the economy wouldn’t be as vibrant.
Without Wall Street, America would not be the capitalist society it is today.
BTW, CA renter complains about the 7%-9% annual returns that Wall Street did not deliver, but she forgot that relying on those returns allowed the compensation largesse to begin with.
Another thing that CA renter did not address is layoffs. As she admitted before, the revenue of the bubble years, combined with anticipated returns on investments allowed state and local governments to go on a spending binge (government spending grew much faster than population and inflation).
How about rolling back spending to the pre-bubble years and mandating that government spending not increase faster than population growth + inflation?
March 15, 2011 at 8:40 AM #677711briansd1Guest[quote=jpinpb]
I think you have it backwards, brian. Wall Street has been relying on us. They made money off our stupidity and they are being bailed out by the taxpayers while cuts are made.
[/quote]Ok. That’s where we differ.
As a society, we greatly benefited from Wall Street. Without Wall Street and the lending they created, our economy would have been a fraction of what it is now.
Without credit cards, retailers would suffer, restaurants would close and the economy wouldn’t be as vibrant.
Without Wall Street, America would not be the capitalist society it is today.
BTW, CA renter complains about the 7%-9% annual returns that Wall Street did not deliver, but she forgot that relying on those returns allowed the compensation largesse to begin with.
Another thing that CA renter did not address is layoffs. As she admitted before, the revenue of the bubble years, combined with anticipated returns on investments allowed state and local governments to go on a spending binge (government spending grew much faster than population and inflation).
How about rolling back spending to the pre-bubble years and mandating that government spending not increase faster than population growth + inflation?
March 15, 2011 at 8:40 AM #677844briansd1Guest[quote=jpinpb]
I think you have it backwards, brian. Wall Street has been relying on us. They made money off our stupidity and they are being bailed out by the taxpayers while cuts are made.
[/quote]Ok. That’s where we differ.
As a society, we greatly benefited from Wall Street. Without Wall Street and the lending they created, our economy would have been a fraction of what it is now.
Without credit cards, retailers would suffer, restaurants would close and the economy wouldn’t be as vibrant.
Without Wall Street, America would not be the capitalist society it is today.
BTW, CA renter complains about the 7%-9% annual returns that Wall Street did not deliver, but she forgot that relying on those returns allowed the compensation largesse to begin with.
Another thing that CA renter did not address is layoffs. As she admitted before, the revenue of the bubble years, combined with anticipated returns on investments allowed state and local governments to go on a spending binge (government spending grew much faster than population and inflation).
How about rolling back spending to the pre-bubble years and mandating that government spending not increase faster than population growth + inflation?
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