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August 30, 2010 at 3:55 PM in reply to: A close friend/relative wants to borrow money. What do you do? #598618
GH
ParticipantOur reliance on debt needs to end. In reality it has started to come to an end as investors realize they may never be repaid for that which has already been lent.
ParticipantOur reliance on debt needs to end. In reality it has started to come to an end as investors realize they may never be repaid for that which has already been lent.
ParticipantOur reliance on debt needs to end. In reality it has started to come to an end as investors realize they may never be repaid for that which has already been lent.
ParticipantOur reliance on debt needs to end. In reality it has started to come to an end as investors realize they may never be repaid for that which has already been lent.
ParticipantOur reliance on debt needs to end. In reality it has started to come to an end as investors realize they may never be repaid for that which has already been lent.
ParticipantMost pension commitments which are problematic were made based on an assumption of growth, both in terms of tax revenue and in terms of investments which were assumed to return 8% annually. Obviously today, many have lost value or are at best returning just a small fraction of this amount.
I doubt tax increases are on the menu, and even if they were, I doubt it would raise revenue as the economy continues to circle the drain.
ParticipantMost pension commitments which are problematic were made based on an assumption of growth, both in terms of tax revenue and in terms of investments which were assumed to return 8% annually. Obviously today, many have lost value or are at best returning just a small fraction of this amount.
I doubt tax increases are on the menu, and even if they were, I doubt it would raise revenue as the economy continues to circle the drain.
ParticipantMost pension commitments which are problematic were made based on an assumption of growth, both in terms of tax revenue and in terms of investments which were assumed to return 8% annually. Obviously today, many have lost value or are at best returning just a small fraction of this amount.
I doubt tax increases are on the menu, and even if they were, I doubt it would raise revenue as the economy continues to circle the drain.
ParticipantMost pension commitments which are problematic were made based on an assumption of growth, both in terms of tax revenue and in terms of investments which were assumed to return 8% annually. Obviously today, many have lost value or are at best returning just a small fraction of this amount.
I doubt tax increases are on the menu, and even if they were, I doubt it would raise revenue as the economy continues to circle the drain.
ParticipantMost pension commitments which are problematic were made based on an assumption of growth, both in terms of tax revenue and in terms of investments which were assumed to return 8% annually. Obviously today, many have lost value or are at best returning just a small fraction of this amount.
I doubt tax increases are on the menu, and even if they were, I doubt it would raise revenue as the economy continues to circle the drain.
August 19, 2010 at 9:09 PM in reply to: Founder Of Reaganomics Says That “Without A Revolution, Americans Are History” #593685ParticipantPoor Americans aren’t actually poor because a hundred years ago poor people couldn’t have a TV or a flush commode. Poor Americans now have both! They’re rich! What a bunch of whiners.
LOL – great post! of course 100 years ago not many rich people had TV’s either. As for “deserve” I think we absolutely “deserve” what we have coming to us, and I agree there is not a darn thing we can do either.
The bottom line is that labor rates are set by the hungriest person, and right now there is plenty of suffering in the world to tap! If you trade dollars and hours, you might want to re-evaluate your future and your goals.
August 19, 2010 at 9:09 PM in reply to: Founder Of Reaganomics Says That “Without A Revolution, Americans Are History” #593781ParticipantPoor Americans aren’t actually poor because a hundred years ago poor people couldn’t have a TV or a flush commode. Poor Americans now have both! They’re rich! What a bunch of whiners.
LOL – great post! of course 100 years ago not many rich people had TV’s either. As for “deserve” I think we absolutely “deserve” what we have coming to us, and I agree there is not a darn thing we can do either.
The bottom line is that labor rates are set by the hungriest person, and right now there is plenty of suffering in the world to tap! If you trade dollars and hours, you might want to re-evaluate your future and your goals.
August 19, 2010 at 9:09 PM in reply to: Founder Of Reaganomics Says That “Without A Revolution, Americans Are History” #594317ParticipantPoor Americans aren’t actually poor because a hundred years ago poor people couldn’t have a TV or a flush commode. Poor Americans now have both! They’re rich! What a bunch of whiners.
LOL – great post! of course 100 years ago not many rich people had TV’s either. As for “deserve” I think we absolutely “deserve” what we have coming to us, and I agree there is not a darn thing we can do either.
The bottom line is that labor rates are set by the hungriest person, and right now there is plenty of suffering in the world to tap! If you trade dollars and hours, you might want to re-evaluate your future and your goals.
August 19, 2010 at 9:09 PM in reply to: Founder Of Reaganomics Says That “Without A Revolution, Americans Are History” #594429ParticipantPoor Americans aren’t actually poor because a hundred years ago poor people couldn’t have a TV or a flush commode. Poor Americans now have both! They’re rich! What a bunch of whiners.
LOL – great post! of course 100 years ago not many rich people had TV’s either. As for “deserve” I think we absolutely “deserve” what we have coming to us, and I agree there is not a darn thing we can do either.
The bottom line is that labor rates are set by the hungriest person, and right now there is plenty of suffering in the world to tap! If you trade dollars and hours, you might want to re-evaluate your future and your goals.
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