- This topic has 165 replies, 17 voices, and was last updated 18 years ago by
NotCranky.
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December 3, 2007 at 12:16 PM #108248December 3, 2007 at 2:07 PM #108113
NotCranky
ParticipantRustico
December 3, 2007 at 2:07 PM #108216NotCranky
ParticipantRustico
December 3, 2007 at 2:07 PM #108251NotCranky
ParticipantRustico
December 3, 2007 at 2:07 PM #108255NotCranky
ParticipantRustico
December 3, 2007 at 2:07 PM #108268NotCranky
ParticipantRustico
December 3, 2007 at 2:41 PM #1082044plexowner
ParticipantRichard Russel – bear or realist?
Russell Comment — The US and the world is facing an almost unbelievable problem. Nobody knows what type or quality of risk they own. This has put a huge HALT to lending. Talk of another Fed rate cut this month sounds heartening. But a rate cut has nothing to do with solving the basic problem. The fact is that the US and the world’s “lending machines”are frozen. The credit risk is now so huge that it’s almost beyond comprehension.
December 3, 2007 at 2:41 PM #1083074plexowner
ParticipantRichard Russel – bear or realist?
Russell Comment — The US and the world is facing an almost unbelievable problem. Nobody knows what type or quality of risk they own. This has put a huge HALT to lending. Talk of another Fed rate cut this month sounds heartening. But a rate cut has nothing to do with solving the basic problem. The fact is that the US and the world’s “lending machines”are frozen. The credit risk is now so huge that it’s almost beyond comprehension.
December 3, 2007 at 2:41 PM #1083414plexowner
ParticipantRichard Russel – bear or realist?
Russell Comment — The US and the world is facing an almost unbelievable problem. Nobody knows what type or quality of risk they own. This has put a huge HALT to lending. Talk of another Fed rate cut this month sounds heartening. But a rate cut has nothing to do with solving the basic problem. The fact is that the US and the world’s “lending machines”are frozen. The credit risk is now so huge that it’s almost beyond comprehension.
December 3, 2007 at 2:41 PM #1083454plexowner
ParticipantRichard Russel – bear or realist?
Russell Comment — The US and the world is facing an almost unbelievable problem. Nobody knows what type or quality of risk they own. This has put a huge HALT to lending. Talk of another Fed rate cut this month sounds heartening. But a rate cut has nothing to do with solving the basic problem. The fact is that the US and the world’s “lending machines”are frozen. The credit risk is now so huge that it’s almost beyond comprehension.
December 3, 2007 at 2:41 PM #1083614plexowner
ParticipantRichard Russel – bear or realist?
Russell Comment — The US and the world is facing an almost unbelievable problem. Nobody knows what type or quality of risk they own. This has put a huge HALT to lending. Talk of another Fed rate cut this month sounds heartening. But a rate cut has nothing to do with solving the basic problem. The fact is that the US and the world’s “lending machines”are frozen. The credit risk is now so huge that it’s almost beyond comprehension.
December 3, 2007 at 4:30 PM #108290Navydoc
Participant"Do you know who breed like rabbits? Men in the military."
All I have to say is Thank God for that! (I'm a Navy obstetrician!) Seriously though, people in the military do NOT gat married for the housing allowance. You get your BAH (base allowance for housing) whether you're single or married, and it goes up maybe 30% when you get married, hardly an incentive alone to tie the knot. Also, the housing allowance stays the same no matter how many little ones you create, there is onle a distinction of BAH with and without dependents. The only advantage to having more chilren is for the tax advantages, which you get whether you have pledged to "support and defend the constitution against all enemies both foreign and domestic" or not. One last thing, before I forget, BAH is non-taxable (YES!!!)
Sometimes suckling off the government teet isn't so bad.
December 3, 2007 at 4:30 PM #108392Navydoc
Participant"Do you know who breed like rabbits? Men in the military."
All I have to say is Thank God for that! (I'm a Navy obstetrician!) Seriously though, people in the military do NOT gat married for the housing allowance. You get your BAH (base allowance for housing) whether you're single or married, and it goes up maybe 30% when you get married, hardly an incentive alone to tie the knot. Also, the housing allowance stays the same no matter how many little ones you create, there is onle a distinction of BAH with and without dependents. The only advantage to having more chilren is for the tax advantages, which you get whether you have pledged to "support and defend the constitution against all enemies both foreign and domestic" or not. One last thing, before I forget, BAH is non-taxable (YES!!!)
Sometimes suckling off the government teet isn't so bad.
December 3, 2007 at 4:30 PM #108425Navydoc
Participant"Do you know who breed like rabbits? Men in the military."
All I have to say is Thank God for that! (I'm a Navy obstetrician!) Seriously though, people in the military do NOT gat married for the housing allowance. You get your BAH (base allowance for housing) whether you're single or married, and it goes up maybe 30% when you get married, hardly an incentive alone to tie the knot. Also, the housing allowance stays the same no matter how many little ones you create, there is onle a distinction of BAH with and without dependents. The only advantage to having more chilren is for the tax advantages, which you get whether you have pledged to "support and defend the constitution against all enemies both foreign and domestic" or not. One last thing, before I forget, BAH is non-taxable (YES!!!)
Sometimes suckling off the government teet isn't so bad.
December 3, 2007 at 4:30 PM #108431Navydoc
Participant"Do you know who breed like rabbits? Men in the military."
All I have to say is Thank God for that! (I'm a Navy obstetrician!) Seriously though, people in the military do NOT gat married for the housing allowance. You get your BAH (base allowance for housing) whether you're single or married, and it goes up maybe 30% when you get married, hardly an incentive alone to tie the knot. Also, the housing allowance stays the same no matter how many little ones you create, there is onle a distinction of BAH with and without dependents. The only advantage to having more chilren is for the tax advantages, which you get whether you have pledged to "support and defend the constitution against all enemies both foreign and domestic" or not. One last thing, before I forget, BAH is non-taxable (YES!!!)
Sometimes suckling off the government teet isn't so bad.
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