[GH]

Poor 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.

[GH]

By the majority of responses I see on this blog, there is not a person present who by globalization standards deserves more than a couple of dollars a day. Unfortunately, it is unlawful here in America to hire someone for $2 a day, so you may have to do without altogether until your government gets its head out of its rear and eliminates the minimum wage. We also need to get rid of the ridiculous notion of OSHA and unemployment benefits, which are not available in cheap labor countries and make America uncompetitive in the global markets. I am sure if most of you took on 200 – 300 part time jobs you could make your mortgages. I mean come on folks, you cannot support the new global economy “sort of”, you need to be ALL IN!

[GH]

By the majority of responses I see on this blog, there is not a person present who by globalization standards deserves more than a couple of dollars a day. Unfortunately, it is unlawful here in America to hire someone for $2 a day, so you may have to do without altogether until your government gets its head out of its rear and eliminates the minimum wage. We also need to get rid of the ridiculous notion of OSHA and unemployment benefits, which are not available in cheap labor countries and make America uncompetitive in the global markets. I am sure if most of you took on 200 – 300 part time jobs you could make your mortgages. I mean come on folks, you cannot support the new global economy “sort of”, you need to be ALL IN!

[GH]

By the majority of responses I see on this blog, there is not a person present who by globalization standards deserves more than a couple of dollars a day. Unfortunately, it is unlawful here in America to hire someone for $2 a day, so you may have to do without altogether until your government gets its head out of its rear and eliminates the minimum wage. We also need to get rid of the ridiculous notion of OSHA and unemployment benefits, which are not available in cheap labor countries and make America uncompetitive in the global markets. I am sure if most of you took on 200 – 300 part time jobs you could make your mortgages. I mean come on folks, you cannot support the new global economy “sort of”, you need to be ALL IN!

[GH]

By the majority of responses I see on this blog, there is not a person present who by globalization standards deserves more than a couple of dollars a day. Unfortunately, it is unlawful here in America to hire someone for $2 a day, so you may have to do without altogether until your government gets its head out of its rear and eliminates the minimum wage. We also need to get rid of the ridiculous notion of OSHA and unemployment benefits, which are not available in cheap labor countries and make America uncompetitive in the global markets. I am sure if most of you took on 200 – 300 part time jobs you could make your mortgages. I mean come on folks, you cannot support the new global economy “sort of”, you need to be ALL IN!

[GH]

By the majority of responses I see on this blog, there is not a person present who by globalization standards deserves more than a couple of dollars a day. Unfortunately, it is unlawful here in America to hire someone for $2 a day, so you may have to do without altogether until your government gets its head out of its rear and eliminates the minimum wage. We also need to get rid of the ridiculous notion of OSHA and unemployment benefits, which are not available in cheap labor countries and make America uncompetitive in the global markets. I am sure if most of you took on 200 – 300 part time jobs you could make your mortgages. I mean come on folks, you cannot support the new global economy “sort of”, you need to be ALL IN!

[GH]

few politicians are brave or stupid enough to publicly take this stance (i.e. increase taxes and reduce spending/services) today.

Greece is very different from the US in that they do not control the currency of the debt they hold, placing them in the same position Argentina was in a decade or so back. The US can and I believe WILL simply devalue their currency.

Remember – the money has already been spent. It is GONE!!! Frittered away on Big Screen TV’s, Hummers, Marble Counter tops etc. The only question now is WHO has to pay? The creditors or the debtors or both? In a deflationary scenario, the creditors will receive a small percentage of their debt at a high value. In an inflationary scenario, they will receive most at a devalued amount. Either way, pain is baked in. CREDIT AND INDEBTEDNESS IS NO WAY TO LIVE OR RUN A COUNTRY!!!!!!!!!

[GH]

few politicians are brave or stupid enough to publicly take this stance (i.e. increase taxes and reduce spending/services) today.

Greece is very different from the US in that they do not control the currency of the debt they hold, placing them in the same position Argentina was in a decade or so back. The US can and I believe WILL simply devalue their currency.

Remember – the money has already been spent. It is GONE!!! Frittered away on Big Screen TV’s, Hummers, Marble Counter tops etc. The only question now is WHO has to pay? The creditors or the debtors or both? In a deflationary scenario, the creditors will receive a small percentage of their debt at a high value. In an inflationary scenario, they will receive most at a devalued amount. Either way, pain is baked in. CREDIT AND INDEBTEDNESS IS NO WAY TO LIVE OR RUN A COUNTRY!!!!!!!!!

[GH]

few politicians are brave or stupid enough to publicly take this stance (i.e. increase taxes and reduce spending/services) today.

Greece is very different from the US in that they do not control the currency of the debt they hold, placing them in the same position Argentina was in a decade or so back. The US can and I believe WILL simply devalue their currency.

Remember – the money has already been spent. It is GONE!!! Frittered away on Big Screen TV’s, Hummers, Marble Counter tops etc. The only question now is WHO has to pay? The creditors or the debtors or both? In a deflationary scenario, the creditors will receive a small percentage of their debt at a high value. In an inflationary scenario, they will receive most at a devalued amount. Either way, pain is baked in. CREDIT AND INDEBTEDNESS IS NO WAY TO LIVE OR RUN A COUNTRY!!!!!!!!!

[GH]

few politicians are brave or stupid enough to publicly take this stance (i.e. increase taxes and reduce spending/services) today.

Greece is very different from the US in that they do not control the currency of the debt they hold, placing them in the same position Argentina was in a decade or so back. The US can and I believe WILL simply devalue their currency.

Remember – the money has already been spent. It is GONE!!! Frittered away on Big Screen TV’s, Hummers, Marble Counter tops etc. The only question now is WHO has to pay? The creditors or the debtors or both? In a deflationary scenario, the creditors will receive a small percentage of their debt at a high value. In an inflationary scenario, they will receive most at a devalued amount. Either way, pain is baked in. CREDIT AND INDEBTEDNESS IS NO WAY TO LIVE OR RUN A COUNTRY!!!!!!!!!

[GH]

few politicians are brave or stupid enough to publicly take this stance (i.e. increase taxes and reduce spending/services) today.

Greece is very different from the US in that they do not control the currency of the debt they hold, placing them in the same position Argentina was in a decade or so back. The US can and I believe WILL simply devalue their currency.

Remember – the money has already been spent. It is GONE!!! Frittered away on Big Screen TV’s, Hummers, Marble Counter tops etc. The only question now is WHO has to pay? The creditors or the debtors or both? In a deflationary scenario, the creditors will receive a small percentage of their debt at a high value. In an inflationary scenario, they will receive most at a devalued amount. Either way, pain is baked in. CREDIT AND INDEBTEDNESS IS NO WAY TO LIVE OR RUN A COUNTRY!!!!!!!!!

[GH]

A lot of things can change over 75 years …

That said, the notion of retirement funds, Social Security etc, must be changed from the unknown quantity of x dollars a month until you die to “your account currently contains x dollars – use it wisely in case you live too long”

All government workers and social security recipients should have their retirements converted to a fixed balance, based on their total contributions. You know like every one else?

[GH]

A lot of things can change over 75 years …

That said, the notion of retirement funds, Social Security etc, must be changed from the unknown quantity of x dollars a month until you die to “your account currently contains x dollars – use it wisely in case you live too long”

All government workers and social security recipients should have their retirements converted to a fixed balance, based on their total contributions. You know like every one else?

[GH]

A lot of things can change over 75 years …

That said, the notion of retirement funds, Social Security etc, must be changed from the unknown quantity of x dollars a month until you die to “your account currently contains x dollars – use it wisely in case you live too long”

All government workers and social security recipients should have their retirements converted to a fixed balance, based on their total contributions. You know like every one else?

[GH]

A lot of things can change over 75 years …

That said, the notion of retirement funds, Social Security etc, must be changed from the unknown quantity of x dollars a month until you die to “your account currently contains x dollars – use it wisely in case you live too long”

All government workers and social security recipients should have their retirements converted to a fixed balance, based on their total contributions. You know like every one else?

[Author]

Posts