[kewp]

[quote=paramount]Actually, the government is also largely responsible for the economic train wreck as well.
[/quote]

GMAFB

The government is only responsible for this mess in absentia. It’s entirely a product of the Federal Reserve, Wall Street and consumer greed.

And jeepers dude, do you really consider the UC system and the hard-working folks that do public works projects (like providing you clean drinking water) as *overhead*?

Especially when compared to the typical SoCal securitized debt broker?

What a topsy-turvy world we live in!

[kewp]

[quote=paramount]Actually, the government is also largely responsible for the economic train wreck as well.
[/quote]

GMAFB

The government is only responsible for this mess in absentia. It’s entirely a product of the Federal Reserve, Wall Street and consumer greed.

And jeepers dude, do you really consider the UC system and the hard-working folks that do public works projects (like providing you clean drinking water) as *overhead*?

Especially when compared to the typical SoCal securitized debt broker?

What a topsy-turvy world we live in!

[kewp]

[quote=paramount]Actually, the government is also largely responsible for the economic train wreck as well.
[/quote]

GMAFB

The government is only responsible for this mess in absentia. It’s entirely a product of the Federal Reserve, Wall Street and consumer greed.

And jeepers dude, do you really consider the UC system and the hard-working folks that do public works projects (like providing you clean drinking water) as *overhead*?

Especially when compared to the typical SoCal securitized debt broker?

What a topsy-turvy world we live in!

[kewp]

[quote=paramount]Actually, the government is also largely responsible for the economic train wreck as well.
[/quote]

GMAFB

The government is only responsible for this mess in absentia. It’s entirely a product of the Federal Reserve, Wall Street and consumer greed.

And jeepers dude, do you really consider the UC system and the hard-working folks that do public works projects (like providing you clean drinking water) as *overhead*?

Especially when compared to the typical SoCal securitized debt broker?

What a topsy-turvy world we live in!

[kewp]

[quote=paramount]Actually, the government is also largely responsible for the economic train wreck as well.
[/quote]

GMAFB

The government is only responsible for this mess in absentia. It’s entirely a product of the Federal Reserve, Wall Street and consumer greed.

And jeepers dude, do you really consider the UC system and the hard-working folks that do public works projects (like providing you clean drinking water) as *overhead*?

Especially when compared to the typical SoCal securitized debt broker?

What a topsy-turvy world we live in!

[kewp]

[quote=paramount]What makes the most sense is to start reducing the state government payroll. For starters we can’t afford their lavish benefits and pensions.

But that won’t happen – instead just stick it to the tax payers.
[/quote]

Actually, the private sector has done a *grand* job reducing our pension fund all by itself. No need for government intervention there.

And FYI, public employees are tax-payers too.

[kewp]

[quote=paramount]What makes the most sense is to start reducing the state government payroll. For starters we can’t afford their lavish benefits and pensions.

But that won’t happen – instead just stick it to the tax payers.
[/quote]

Actually, the private sector has done a *grand* job reducing our pension fund all by itself. No need for government intervention there.

And FYI, public employees are tax-payers too.

[kewp]

[quote=paramount]What makes the most sense is to start reducing the state government payroll. For starters we can’t afford their lavish benefits and pensions.

But that won’t happen – instead just stick it to the tax payers.
[/quote]

Actually, the private sector has done a *grand* job reducing our pension fund all by itself. No need for government intervention there.

And FYI, public employees are tax-payers too.

[kewp]

[quote=paramount]What makes the most sense is to start reducing the state government payroll. For starters we can’t afford their lavish benefits and pensions.

But that won’t happen – instead just stick it to the tax payers.
[/quote]

Actually, the private sector has done a *grand* job reducing our pension fund all by itself. No need for government intervention there.

And FYI, public employees are tax-payers too.

[kewp]

[quote=paramount]What makes the most sense is to start reducing the state government payroll. For starters we can’t afford their lavish benefits and pensions.

But that won’t happen – instead just stick it to the tax payers.
[/quote]

Actually, the private sector has done a *grand* job reducing our pension fund all by itself. No need for government intervention there.

And FYI, public employees are tax-payers too.

[kewp]

[quote=barnaby33]
I’ve heard a lot of dumb shit on piggington, but this one is a real gem. So you advocate bringing back debtors prison? Enforcing debt limits isn’t that easy, by fiat anyway. If it were we wouldn’t have the issues we are having. The real problem is that the govt is trying to absolve the debtors of their obligations, without even going into bankruptcy liquidation.
[/quote]

I’m all for debtors prison. Put the flippers to work on chain gangs. Would do them some good.

Enforcing debt limits will be trivial once we are done socializing the banking system. Secure loans to salaries. No more 500k loans on 50k a year income.

[kewp]

[quote=barnaby33]
I’ve heard a lot of dumb shit on piggington, but this one is a real gem. So you advocate bringing back debtors prison? Enforcing debt limits isn’t that easy, by fiat anyway. If it were we wouldn’t have the issues we are having. The real problem is that the govt is trying to absolve the debtors of their obligations, without even going into bankruptcy liquidation.
[/quote]

I’m all for debtors prison. Put the flippers to work on chain gangs. Would do them some good.

Enforcing debt limits will be trivial once we are done socializing the banking system. Secure loans to salaries. No more 500k loans on 50k a year income.

[kewp]

[quote=barnaby33]
I’ve heard a lot of dumb shit on piggington, but this one is a real gem. So you advocate bringing back debtors prison? Enforcing debt limits isn’t that easy, by fiat anyway. If it were we wouldn’t have the issues we are having. The real problem is that the govt is trying to absolve the debtors of their obligations, without even going into bankruptcy liquidation.
[/quote]

I’m all for debtors prison. Put the flippers to work on chain gangs. Would do them some good.

Enforcing debt limits will be trivial once we are done socializing the banking system. Secure loans to salaries. No more 500k loans on 50k a year income.

[kewp]

[quote=barnaby33]
I’ve heard a lot of dumb shit on piggington, but this one is a real gem. So you advocate bringing back debtors prison? Enforcing debt limits isn’t that easy, by fiat anyway. If it were we wouldn’t have the issues we are having. The real problem is that the govt is trying to absolve the debtors of their obligations, without even going into bankruptcy liquidation.
[/quote]

I’m all for debtors prison. Put the flippers to work on chain gangs. Would do them some good.

Enforcing debt limits will be trivial once we are done socializing the banking system. Secure loans to salaries. No more 500k loans on 50k a year income.

[kewp]

[quote=barnaby33]
I’ve heard a lot of dumb shit on piggington, but this one is a real gem. So you advocate bringing back debtors prison? Enforcing debt limits isn’t that easy, by fiat anyway. If it were we wouldn’t have the issues we are having. The real problem is that the govt is trying to absolve the debtors of their obligations, without even going into bankruptcy liquidation.
[/quote]

I’m all for debtors prison. Put the flippers to work on chain gangs. Would do them some good.

Enforcing debt limits will be trivial once we are done socializing the banking system. Secure loans to salaries. No more 500k loans on 50k a year income.

[Author]

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