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DWCAP
Participant[quote=kewp][quote=DWCAP] But I still dont see any reason why we couldnt cut our way out of this mess. [/quote]
I hope you realize its all those government employees spending money on private-sector goods and services that’s keeping us afloat right now![/quote]
If it is true that Government deficit spending is the only thing keeping us afloat right now than we are already screwed.
Plus, you still have not answered the question at all. Why cant we cut the budget enought to meet current and projected tax income?
Is your answer because then we would fall into a deeper recession?
ParticipantI dont know jack about the cell phone biz, but I do know I tried to get my GF a new cell phone for her upcoming BDay, and she turned me down. “Its too expensive” she said, and “I dont wanna get a new phone that I then have to get a data plan with.”
I think it is hard for tech people to realize that the rest of the nation doesnt care about alot of the stuff they do. This isnt the 90’s, and cell coverage isnt an emmerging buisness. Growth will come slow, hard, and be cost vs quality driven.
ParticipantI dont know jack about the cell phone biz, but I do know I tried to get my GF a new cell phone for her upcoming BDay, and she turned me down. “Its too expensive” she said, and “I dont wanna get a new phone that I then have to get a data plan with.”
I think it is hard for tech people to realize that the rest of the nation doesnt care about alot of the stuff they do. This isnt the 90’s, and cell coverage isnt an emmerging buisness. Growth will come slow, hard, and be cost vs quality driven.
ParticipantI dont know jack about the cell phone biz, but I do know I tried to get my GF a new cell phone for her upcoming BDay, and she turned me down. “Its too expensive” she said, and “I dont wanna get a new phone that I then have to get a data plan with.”
I think it is hard for tech people to realize that the rest of the nation doesnt care about alot of the stuff they do. This isnt the 90’s, and cell coverage isnt an emmerging buisness. Growth will come slow, hard, and be cost vs quality driven.
ParticipantI dont know jack about the cell phone biz, but I do know I tried to get my GF a new cell phone for her upcoming BDay, and she turned me down. “Its too expensive” she said, and “I dont wanna get a new phone that I then have to get a data plan with.”
I think it is hard for tech people to realize that the rest of the nation doesnt care about alot of the stuff they do. This isnt the 90’s, and cell coverage isnt an emmerging buisness. Growth will come slow, hard, and be cost vs quality driven.
ParticipantI dont know jack about the cell phone biz, but I do know I tried to get my GF a new cell phone for her upcoming BDay, and she turned me down. “Its too expensive” she said, and “I dont wanna get a new phone that I then have to get a data plan with.”
I think it is hard for tech people to realize that the rest of the nation doesnt care about alot of the stuff they do. This isnt the 90’s, and cell coverage isnt an emmerging buisness. Growth will come slow, hard, and be cost vs quality driven.
Participant[quote=barnaby33]Taxes must rise, employment must fall, all one or the other simply isn’t possible.
Josh[/quote]Why? What possible reason is there that we cant cut our way out of this? Companies and buisneess do it all the time. Some services will suffer, some may even end. If they were really that important, they will be picked up in the private sector for a fee. But I still dont see any reason why we couldnt cut our way out of this mess.
Participant[quote=barnaby33]Taxes must rise, employment must fall, all one or the other simply isn’t possible.
Josh[/quote]Why? What possible reason is there that we cant cut our way out of this? Companies and buisneess do it all the time. Some services will suffer, some may even end. If they were really that important, they will be picked up in the private sector for a fee. But I still dont see any reason why we couldnt cut our way out of this mess.
Participant[quote=barnaby33]Taxes must rise, employment must fall, all one or the other simply isn’t possible.
Josh[/quote]Why? What possible reason is there that we cant cut our way out of this? Companies and buisneess do it all the time. Some services will suffer, some may even end. If they were really that important, they will be picked up in the private sector for a fee. But I still dont see any reason why we couldnt cut our way out of this mess.
Participant[quote=barnaby33]Taxes must rise, employment must fall, all one or the other simply isn’t possible.
Josh[/quote]Why? What possible reason is there that we cant cut our way out of this? Companies and buisneess do it all the time. Some services will suffer, some may even end. If they were really that important, they will be picked up in the private sector for a fee. But I still dont see any reason why we couldnt cut our way out of this mess.
Participant[quote=barnaby33]Taxes must rise, employment must fall, all one or the other simply isn’t possible.
Josh[/quote]Why? What possible reason is there that we cant cut our way out of this? Companies and buisneess do it all the time. Some services will suffer, some may even end. If they were really that important, they will be picked up in the private sector for a fee. But I still dont see any reason why we couldnt cut our way out of this mess.
ParticipantDidnt we just go through a period where a branch of the Government stepped in and bought down morgages to unheard of levels? Wasnt the target 4.5% and we got to 4.8% or something like that? Strange, it didnt fix anything, must of not been big enough. Lets do it BIGGER next time, that’s the trick.
So lets say it goes to 4.25% and everybody refi’s and is all happy and such cause they have hundreds of dollars extra every month to blow on Chinese and Japanese imports. House sales go through the roof, housing stops declining, Target and Wal Mart start hiring like mad and everything is just peachy! Yay Stimulus! Mission Accomplished! We can dress Ben B. in a flight suit and have him flown out to a cruise ship filled with boomers all taking a retirment vacation with their “unlocked” equity and a great big sign saying something like “IT’S ALWAYS A GOOD TIME TO BUY!” Itll be a ratings hit and Yun will be there as a commentator the entire time. No one wont buy a house.Cept, then we stop stoking interest rates and they go back up to atleast 6-7% (50%+ increase in rate BTW) due to the skyrocketing level of inflation induced by our 2 TRILLION dollar a year deficits (900b stimulus + 1T in defict spending in 2009, plus who knows what else is at hand, it is only Feb.) and massive money supply increases. This makes new buyers unable to buy due to NORMAL interest rates and BS jobs at target or the Outback serving shirmp on the barby and blooming onions.
Then guess what? Housing has to fall as itll be unaffordable again. Plus we will have trillions of new debt to pay back with taxes on our service sector jobs paying minimum wage plus tips. But who cares? We are only paying 4% on our Morgage!!!!
Yay Stimulus!ParticipantDidnt we just go through a period where a branch of the Government stepped in and bought down morgages to unheard of levels? Wasnt the target 4.5% and we got to 4.8% or something like that? Strange, it didnt fix anything, must of not been big enough. Lets do it BIGGER next time, that’s the trick.
So lets say it goes to 4.25% and everybody refi’s and is all happy and such cause they have hundreds of dollars extra every month to blow on Chinese and Japanese imports. House sales go through the roof, housing stops declining, Target and Wal Mart start hiring like mad and everything is just peachy! Yay Stimulus! Mission Accomplished! We can dress Ben B. in a flight suit and have him flown out to a cruise ship filled with boomers all taking a retirment vacation with their “unlocked” equity and a great big sign saying something like “IT’S ALWAYS A GOOD TIME TO BUY!” Itll be a ratings hit and Yun will be there as a commentator the entire time. No one wont buy a house.Cept, then we stop stoking interest rates and they go back up to atleast 6-7% (50%+ increase in rate BTW) due to the skyrocketing level of inflation induced by our 2 TRILLION dollar a year deficits (900b stimulus + 1T in defict spending in 2009, plus who knows what else is at hand, it is only Feb.) and massive money supply increases. This makes new buyers unable to buy due to NORMAL interest rates and BS jobs at target or the Outback serving shirmp on the barby and blooming onions.
Then guess what? Housing has to fall as itll be unaffordable again. Plus we will have trillions of new debt to pay back with taxes on our service sector jobs paying minimum wage plus tips. But who cares? We are only paying 4% on our Morgage!!!!
Yay Stimulus!ParticipantDidnt we just go through a period where a branch of the Government stepped in and bought down morgages to unheard of levels? Wasnt the target 4.5% and we got to 4.8% or something like that? Strange, it didnt fix anything, must of not been big enough. Lets do it BIGGER next time, that’s the trick.
So lets say it goes to 4.25% and everybody refi’s and is all happy and such cause they have hundreds of dollars extra every month to blow on Chinese and Japanese imports. House sales go through the roof, housing stops declining, Target and Wal Mart start hiring like mad and everything is just peachy! Yay Stimulus! Mission Accomplished! We can dress Ben B. in a flight suit and have him flown out to a cruise ship filled with boomers all taking a retirment vacation with their “unlocked” equity and a great big sign saying something like “IT’S ALWAYS A GOOD TIME TO BUY!” Itll be a ratings hit and Yun will be there as a commentator the entire time. No one wont buy a house.Cept, then we stop stoking interest rates and they go back up to atleast 6-7% (50%+ increase in rate BTW) due to the skyrocketing level of inflation induced by our 2 TRILLION dollar a year deficits (900b stimulus + 1T in defict spending in 2009, plus who knows what else is at hand, it is only Feb.) and massive money supply increases. This makes new buyers unable to buy due to NORMAL interest rates and BS jobs at target or the Outback serving shirmp on the barby and blooming onions.
Then guess what? Housing has to fall as itll be unaffordable again. Plus we will have trillions of new debt to pay back with taxes on our service sector jobs paying minimum wage plus tips. But who cares? We are only paying 4% on our Morgage!!!!
Yay Stimulus! -
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