[GH]

I have never understood why 640 MILLION dollar winners is not preferable to 3 200 million winners. A million dollars for most people is a life altering win. Mortgage and debt gone. College paid for etc.
That said folks would never go for this. Only the idea of a super win keeps folks buying and at astronimical odds akin to finding a grain of sand on a beach!

[GH]

I am going to go long on this one.
1. Zimmerman is no more a white latino than Obama is a white black president.
2. The press appears determined to make rodney king riots look like a scuffle compared to what this could bring on if Zimmerman is not hung out to dry.
3. Many black folk simply do not relate to the banger he killed and do not understand why a more recent photo is not being displayed. Why not a baby picture?

[GH]

The answer in part would appear simple. based on projections regarding life span over the past 100 years and known retirement age and increase of medical insurance over the same time and force the employer to pay 100% of the cost AT THE TIME of pay into a fund. The fund should NOT engage in ANY form of gaming (Stocks etc) and should invest 100% into US treasuries. Thus if a policeman is paid $1500 for a weeks work and the retirement contribution for this week is $2500 the municipality would IMMEDIATELY pay the worker and the $2500 into the retirement fund.

I am all but certain this is not what most municipalities intended…

[GH]

The credit industry has us all running around holding our basket of credit score eggs. One trip or slip…

There is obviously a LOT of thinking that needs to go into a decision like this, but if you are likely to default in the near term or intermediate term obviously you do not want to end up being 1099’d.

That said there are a LOT of circumstances such as being insolvent which may make the issue moot.

Sounds like you REALLY need to dig in and get all the information.

[GH]

From the perspective of a small business owner, I am not seeing any improvement at all since the initial crash in 2008. Other small business owners I know have a similar experience.

I do not deny areas of the economy are improving, but my customer base which consists mainly of upper income middle class people are showing a lot of signs of distress.

[GH]

Italy is the third largest gold holder in the world with some $150 billion held. Given they will need to sell this soon to keep the lights on I suspect gold will temporarily crash in a manner similar to the 90’s when Russia was dumping its stock to keep the lights on. Demand for consumer electronics is tied to the economy as well.

Me thinks in the near term (2 – 3 years) gold back down to around $800.

Of course I may be totally wrong about Italy as it is possible their gold will be used or has already been used to secure their debt and will never enter the market. In this case we could see gold up over $2000 within the year.

WAY to volatile for my appetite!

[GH]

I suppose if I really find myself needing to knock off some 20’s I will have to buy a used printer on Craigslist…

Seems to me this kind of monitoring is useless.

[GH]

Or a brown TAX OR a black tax or an old tax or a young tax. No doubt there are a lot or contributing factors to health care costs. Apparently blacks are more likely to get sickle cell anemia. That ALONE justifies a higher premium right?

[GH]

[quote=UCGal]I may be opening up a can of worms here but…..

SS is a defined benefit retirement program. Does everyone here who argues against defined benefit plans want to give up their SS?[‘/quote]

What would you do if I discovered a cure for old age?
Now ALL people cal live to 10,000,000 years or MORE!

would you have young people born AFTER this discovery living in slavery so the SS recipients can continue to receive what is OWED to them for ALL TIME?

This has already happened to SS. Folks are living a LOT longer than expected and young tax payers are being asked to pay up!

IMO, SS needs to be immediately converted to a 401K type account where each person has an earned balance and no more and no less!

[GH]

[quote=CA renter]Note that when the Fed (or anyone at CNBC) talks about inflation, they only call wage inflation “dangerous” or “bad.” When asset prices rise, though, they cheer it on.[/quote]

Asset price increases are a tax on the poor and young to pay the elderly and the wealthy who tend to hold assets.

Wage increases tax the elderly and wealthy and thus are a non starter.

[GH]

[quote=gandalf]The financial industry caused pension insolvency by a wide margin.[/quote]

I have an idea. While the pension fund managers sue Wall Street they reduce pensions in accordance with the shortfall.

I for one had absolutely nothing to do with this mess and do not as a tax payer want to be left on the hook along with every other bailout imaginable

[GH]

AWW comm on cant we just borrow ?? Greece has all these things why shouldn’t we?

[GH]

I actually don’t care if these allegations are true or not. What I do not like is the way he is responding.

Arnie was pretty straight “I have behaved badly” end of story.

How about some honesty rather than denial, blame and conspiracy?

[GH]

[quote=SK in CV]

Nice link. But there is nothing in there to substantiate 50% overhead. And you just repeated the same uninformed crap. It’s NOT primarily funded out of Washington, it’s a state program. Stick your fingers in your ears all you want when you’re told facts that don’t conform to your ideology. It doesn’t change the facts. Your 50% return model doesn’t work. Every government program is not the same. Just like some Ron Paul advocates can make better arguments than others.

And sdrealtor is right. If employers didn’t pay it, you wouldn’t get it. They would.[/quote]

Not true. My last job they indicated employee overhead was around 33% (unemployment, SS, Insurance, Health etc). They told me they would love to give me what I asked but with all the overhead they could not.

The fact is that unemployment insurance, Social Security, welfare and other similar programs foster a sense of entitlement and deter individual hard work and self reliance.

The whole lot should be replaced with a work program where you show up at 6AM for work and are paid $8 an hour. Some folks are put in charge of day care and others do other tasks. Those with children are provided with day care provided for by other unemployed or down on their luck people. A safety net where you can earn a basic wage and not starve while you are looking for new work.

I have been self employed since college with a few W2 stops along the way and I can tell you as a self employed person there are NO safety nets!!! You work your butt off because IT MATTERS!

[GH]

More loans are not the answer to bad loans. This is another failed initiative which attempts to addresses the problem without addressing the underlying causes of the problem.

[Author]

Posts