[jficquette]

[quote=Username]Seems to me like taxes in this country is like cell phone reception in Rancho Santa Fe. Everyone wants the benefit of the cell tower and the reception it brings but no one wants to “pay” for it by putting the tower on their property. Taxes have to be paid by someone and it doesn’t hurt someone making 75K a year like it does someone making 25K a year. Of course most posters on this blog are in the first group so they complain about how unfair it is. Personally I’d rather earn more and pay the taxes than earn less and have less. Then again political views are often influenced by your parents and I had an affluent democrat for a mother who lived within her means, owns her house our right has zero debt and has assets/money in the bank and is now “working retired” collecting social security, retirement and a paycheck. My father is a broke republican who is still working at almost 80 years old and spent more than he earned his whole life. He has massive debts and can never retire. He jokes that “the longer I work the less I have to save for retirement”. Sad truth is he will die working, just as many boomers today.[/quote]

Thats only because half the people have bought into the lie that we need $4 Trillion a year in government spending including states, cities etc.

The government is the problem.

John

[jficquette]

[quote=Username]Seems to me like taxes in this country is like cell phone reception in Rancho Santa Fe. Everyone wants the benefit of the cell tower and the reception it brings but no one wants to “pay” for it by putting the tower on their property. Taxes have to be paid by someone and it doesn’t hurt someone making 75K a year like it does someone making 25K a year. Of course most posters on this blog are in the first group so they complain about how unfair it is. Personally I’d rather earn more and pay the taxes than earn less and have less. Then again political views are often influenced by your parents and I had an affluent democrat for a mother who lived within her means, owns her house our right has zero debt and has assets/money in the bank and is now “working retired” collecting social security, retirement and a paycheck. My father is a broke republican who is still working at almost 80 years old and spent more than he earned his whole life. He has massive debts and can never retire. He jokes that “the longer I work the less I have to save for retirement”. Sad truth is he will die working, just as many boomers today.[/quote]

Thats only because half the people have bought into the lie that we need $4 Trillion a year in government spending including states, cities etc.

The government is the problem.

John

[jficquette]

[quote=Username]Seems to me like taxes in this country is like cell phone reception in Rancho Santa Fe. Everyone wants the benefit of the cell tower and the reception it brings but no one wants to “pay” for it by putting the tower on their property. Taxes have to be paid by someone and it doesn’t hurt someone making 75K a year like it does someone making 25K a year. Of course most posters on this blog are in the first group so they complain about how unfair it is. Personally I’d rather earn more and pay the taxes than earn less and have less. Then again political views are often influenced by your parents and I had an affluent democrat for a mother who lived within her means, owns her house our right has zero debt and has assets/money in the bank and is now “working retired” collecting social security, retirement and a paycheck. My father is a broke republican who is still working at almost 80 years old and spent more than he earned his whole life. He has massive debts and can never retire. He jokes that “the longer I work the less I have to save for retirement”. Sad truth is he will die working, just as many boomers today.[/quote]

Thats only because half the people have bought into the lie that we need $4 Trillion a year in government spending including states, cities etc.

The government is the problem.

John

[jficquette]

[quote=Username]Seems to me like taxes in this country is like cell phone reception in Rancho Santa Fe. Everyone wants the benefit of the cell tower and the reception it brings but no one wants to “pay” for it by putting the tower on their property. Taxes have to be paid by someone and it doesn’t hurt someone making 75K a year like it does someone making 25K a year. Of course most posters on this blog are in the first group so they complain about how unfair it is. Personally I’d rather earn more and pay the taxes than earn less and have less. Then again political views are often influenced by your parents and I had an affluent democrat for a mother who lived within her means, owns her house our right has zero debt and has assets/money in the bank and is now “working retired” collecting social security, retirement and a paycheck. My father is a broke republican who is still working at almost 80 years old and spent more than he earned his whole life. He has massive debts and can never retire. He jokes that “the longer I work the less I have to save for retirement”. Sad truth is he will die working, just as many boomers today.[/quote]

Thats only because half the people have bought into the lie that we need $4 Trillion a year in government spending including states, cities etc.

The government is the problem.

John

[jficquette]

[quote=Username]Seems to me like taxes in this country is like cell phone reception in Rancho Santa Fe. Everyone wants the benefit of the cell tower and the reception it brings but no one wants to “pay” for it by putting the tower on their property. Taxes have to be paid by someone and it doesn’t hurt someone making 75K a year like it does someone making 25K a year. Of course most posters on this blog are in the first group so they complain about how unfair it is. Personally I’d rather earn more and pay the taxes than earn less and have less. Then again political views are often influenced by your parents and I had an affluent democrat for a mother who lived within her means, owns her house our right has zero debt and has assets/money in the bank and is now “working retired” collecting social security, retirement and a paycheck. My father is a broke republican who is still working at almost 80 years old and spent more than he earned his whole life. He has massive debts and can never retire. He jokes that “the longer I work the less I have to save for retirement”. Sad truth is he will die working, just as many boomers today.[/quote]

Thats only because half the people have bought into the lie that we need $4 Trillion a year in government spending including states, cities etc.

The government is the problem.

John

[jficquette]

[quote=lostcat92120]All this is stupid. Republican’s are bailing out banks, the rich, and making the middle class pay for it. WTF is that.. let them take care of themselves. Anytime the middle class needs anything, the republican base bitches like little kids. If that’s not a re-distribution of wealth, I don’t know what is. I say divide America into two again. Let the republicans manage one side and the dems manage the other side. I’d put money on it that the country of Republican would be borrowing money from the country of Democrats in about two years to balance their budget and the keep their mismanaged banking system whole. In 10-years, the country of republicans would be headed for a great depression and the country of democrats would be prospering and buying cheap republican lands and failed business entities.

America is no longer a democracy because no one has enough real information to make a real decision.
[/quote]

MSM probably didn’t tell you but more Democrats voted for the bailout then Reps and they probably didn’t tell you that Bush tried to fix it years ago but Franks, Dodd et. al needed the bribes too much.

John

[jficquette]

[quote=lostcat92120]All this is stupid. Republican’s are bailing out banks, the rich, and making the middle class pay for it. WTF is that.. let them take care of themselves. Anytime the middle class needs anything, the republican base bitches like little kids. If that’s not a re-distribution of wealth, I don’t know what is. I say divide America into two again. Let the republicans manage one side and the dems manage the other side. I’d put money on it that the country of Republican would be borrowing money from the country of Democrats in about two years to balance their budget and the keep their mismanaged banking system whole. In 10-years, the country of republicans would be headed for a great depression and the country of democrats would be prospering and buying cheap republican lands and failed business entities.

America is no longer a democracy because no one has enough real information to make a real decision.
[/quote]

MSM probably didn’t tell you but more Democrats voted for the bailout then Reps and they probably didn’t tell you that Bush tried to fix it years ago but Franks, Dodd et. al needed the bribes too much.

John

[jficquette]

[quote=lostcat92120]All this is stupid. Republican’s are bailing out banks, the rich, and making the middle class pay for it. WTF is that.. let them take care of themselves. Anytime the middle class needs anything, the republican base bitches like little kids. If that’s not a re-distribution of wealth, I don’t know what is. I say divide America into two again. Let the republicans manage one side and the dems manage the other side. I’d put money on it that the country of Republican would be borrowing money from the country of Democrats in about two years to balance their budget and the keep their mismanaged banking system whole. In 10-years, the country of republicans would be headed for a great depression and the country of democrats would be prospering and buying cheap republican lands and failed business entities.

America is no longer a democracy because no one has enough real information to make a real decision.
[/quote]

MSM probably didn’t tell you but more Democrats voted for the bailout then Reps and they probably didn’t tell you that Bush tried to fix it years ago but Franks, Dodd et. al needed the bribes too much.

John

[jficquette]

[quote=lostcat92120]All this is stupid. Republican’s are bailing out banks, the rich, and making the middle class pay for it. WTF is that.. let them take care of themselves. Anytime the middle class needs anything, the republican base bitches like little kids. If that’s not a re-distribution of wealth, I don’t know what is. I say divide America into two again. Let the republicans manage one side and the dems manage the other side. I’d put money on it that the country of Republican would be borrowing money from the country of Democrats in about two years to balance their budget and the keep their mismanaged banking system whole. In 10-years, the country of republicans would be headed for a great depression and the country of democrats would be prospering and buying cheap republican lands and failed business entities.

America is no longer a democracy because no one has enough real information to make a real decision.
[/quote]

MSM probably didn’t tell you but more Democrats voted for the bailout then Reps and they probably didn’t tell you that Bush tried to fix it years ago but Franks, Dodd et. al needed the bribes too much.

John

[jficquette]

[quote=lostcat92120]All this is stupid. Republican’s are bailing out banks, the rich, and making the middle class pay for it. WTF is that.. let them take care of themselves. Anytime the middle class needs anything, the republican base bitches like little kids. If that’s not a re-distribution of wealth, I don’t know what is. I say divide America into two again. Let the republicans manage one side and the dems manage the other side. I’d put money on it that the country of Republican would be borrowing money from the country of Democrats in about two years to balance their budget and the keep their mismanaged banking system whole. In 10-years, the country of republicans would be headed for a great depression and the country of democrats would be prospering and buying cheap republican lands and failed business entities.

America is no longer a democracy because no one has enough real information to make a real decision.
[/quote]

MSM probably didn’t tell you but more Democrats voted for the bailout then Reps and they probably didn’t tell you that Bush tried to fix it years ago but Franks, Dodd et. al needed the bribes too much.

John

[jficquette]

[quote=patientrenter][quote=jficquette]
Net new money isn’t created unless its borrowed. If no debt is in involved then its simply cash to cash.

The Fed doesn’t print money. It sets conditions to influence how much of it is borrowed. Its the borrowing that expands the money supply.

Low rates won’t help anything if people are not willing to borrow it.

John
[/quote]

Yes since debt was increased money was created although not literally printed. It just shows up

John,

So what happens in this case?

1. Govt offers non-recourse 30-year 3% fixed rate home loans to anyone with a pulse, no money down.

2. Govt prints any money necessary to make the loans.

Even I would borrow to buy an overpriced house with that arrangement.[/quote]

You have a good illustration. In the case where people are actually taking the loans then money is being created. If people don’t want to borrow then no money will be created.

As far as actually printed though no. It will just be a bookkeeping entry in the entities books.

John

[jficquette]

[quote=patientrenter][quote=jficquette]
Net new money isn’t created unless its borrowed. If no debt is in involved then its simply cash to cash.

The Fed doesn’t print money. It sets conditions to influence how much of it is borrowed. Its the borrowing that expands the money supply.

Low rates won’t help anything if people are not willing to borrow it.

John
[/quote]

Yes since debt was increased money was created although not literally printed. It just shows up

John,

So what happens in this case?

1. Govt offers non-recourse 30-year 3% fixed rate home loans to anyone with a pulse, no money down.

2. Govt prints any money necessary to make the loans.

Even I would borrow to buy an overpriced house with that arrangement.[/quote]

You have a good illustration. In the case where people are actually taking the loans then money is being created. If people don’t want to borrow then no money will be created.

As far as actually printed though no. It will just be a bookkeeping entry in the entities books.

John

[jficquette]

[quote=patientrenter][quote=jficquette]
Net new money isn’t created unless its borrowed. If no debt is in involved then its simply cash to cash.

The Fed doesn’t print money. It sets conditions to influence how much of it is borrowed. Its the borrowing that expands the money supply.

Low rates won’t help anything if people are not willing to borrow it.

John
[/quote]

Yes since debt was increased money was created although not literally printed. It just shows up

John,

So what happens in this case?

1. Govt offers non-recourse 30-year 3% fixed rate home loans to anyone with a pulse, no money down.

2. Govt prints any money necessary to make the loans.

Even I would borrow to buy an overpriced house with that arrangement.[/quote]

You have a good illustration. In the case where people are actually taking the loans then money is being created. If people don’t want to borrow then no money will be created.

As far as actually printed though no. It will just be a bookkeeping entry in the entities books.

John

[jficquette]

[quote=patientrenter][quote=jficquette]
Net new money isn’t created unless its borrowed. If no debt is in involved then its simply cash to cash.

The Fed doesn’t print money. It sets conditions to influence how much of it is borrowed. Its the borrowing that expands the money supply.

Low rates won’t help anything if people are not willing to borrow it.

John
[/quote]

Yes since debt was increased money was created although not literally printed. It just shows up

John,

So what happens in this case?

1. Govt offers non-recourse 30-year 3% fixed rate home loans to anyone with a pulse, no money down.

2. Govt prints any money necessary to make the loans.

Even I would borrow to buy an overpriced house with that arrangement.[/quote]

You have a good illustration. In the case where people are actually taking the loans then money is being created. If people don’t want to borrow then no money will be created.

As far as actually printed though no. It will just be a bookkeeping entry in the entities books.

John

[jficquette]

[quote=patientrenter][quote=jficquette]
Net new money isn’t created unless its borrowed. If no debt is in involved then its simply cash to cash.

The Fed doesn’t print money. It sets conditions to influence how much of it is borrowed. Its the borrowing that expands the money supply.

Low rates won’t help anything if people are not willing to borrow it.

John
[/quote]

Yes since debt was increased money was created although not literally printed. It just shows up

John,

So what happens in this case?

1. Govt offers non-recourse 30-year 3% fixed rate home loans to anyone with a pulse, no money down.

2. Govt prints any money necessary to make the loans.

Even I would borrow to buy an overpriced house with that arrangement.[/quote]

You have a good illustration. In the case where people are actually taking the loans then money is being created. If people don’t want to borrow then no money will be created.

As far as actually printed though no. It will just be a bookkeeping entry in the entities books.

John

[Author]

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