[SD Realtor]

Once more SK, it is not that Obama is any better or worse the Bush or any other republican. My argument is that he is the same. Wall Street loves him. Show me how the rich have suffered under him. How has Wall Street suffered or been harmed by him. How has big pharma been hurt by him. His expertise or shall I say the democratic party has learned to harness and play the class warfare card to the polls over the past 8 years and especially the past 4 years. The poor are just as bad off if not worse and the numbers will grow, faster then ever. The programs themselves don’t need to grow but simple stay the same because the simple debt service on the existing 16 trillion will be bore by the middle class. So even keeping the programs as they are will continue to doom us. The issue at hand is that one hand will wash the other and continue to do so. The middle class will bear the brunt. Whether by taxes or by programs that they are deemed to not qualified to participate in.

You show me the numbers saying that they have not been expanded. Show me that no new programs exist at any state or local levels either. Show me that there are no programs that exclude middle class families that participation. Show me that these programs have not expanded or contracted.

[SD Realtor]

It is also not just at the federal level. How about the state level where a middle class guy cannot afford to send his kid to a college and some other kids will get some or all of the cost paid for. It is much more pervasive then getting an Obama phone.

[SD Realtor]

You don’t get it SK. Expansion doesn’t matter. The facts don’t matter. You tell me, have the number of people vying for the benefits increased? That is what matters. The volume of voters is what counts. That larger volume gets told that they should be given what others have earned.

[SD Realtor]

I think this is true now because the democratic party found that providing a focus on income imbalances and stressing these imbalances in elections is the way to win. Securing the lower income vote is much more important. Compare this election to the strategy used by Gore in 2004. The strategies were not even close to being related. I believe that as we move forward this will become the standard strategy to be used. Forget anything else… forget foreign policy, forget debt, forget domestic policy…simply play the card of imbalance and that I will fight to take from others to give to you and I think that can secure a majority of the vote, especially in high electoral areas.

That is the political side of it.

Make no mistake about it, the track record of the republicans and their ineptitude makes this a very easy task. Insisting that make over 250k but under 1 million was as stupid as a move as ever. They make it so easy. Yet however politically incorrect Romneys 47% statement was, essentially the idea holds water.

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Another make no mistake about it, the policies of the past 40 years have in fact laid the foundations for these imbalances. In some administrations they grew faster then others. Yet the fallacy that the current administration takes steps to slow this down are true. The current administration is not any different in that regard, the rich are getting richer, Wall Street has seen incredible wealth increases. The success is that this administration has laid down what I believe is a very successful blueprint in political victory. In 2016 we will still be in a world of hurt with regard to debt and deficit. There will still be problems galore but I bet that the 2016 blueprint used by the Hillary or Biden or whoever will indeed pander get the lower income vote by motivating class warfare.

No these programs have not been cut or decreased. You are not correct. more important, the number of people needing the assistance has grown. Take a look at the number of people needing food stamps. It doesn’t matter if the programs grow. What matters is that these people think they are entitled to phones or snap cards or whatever and that these must come from the rich. In reality they come from the middle class.

After squat pointed out the cost of education and displayed how much of an imbalance there is for a middle class family to send their kid to school when a child from a a low income family can get it for much less cost your response was “it is worth it”.

Sorry I don’t agree with that. I think that examples like that are indeed exactly what dooms the middle class.

[SD Realtor]

I believe what is also killing off the middle class is the entitlement attitude that our society has taken on. I believe that the tipping point has been reached with regards to a fundamental cycle that will be hard to break. That is, a ruling political party will continue to promise the lower income strata welfare in exchange for votes. As this strata grows in population, the resources needed to support them will grow. Resources will slowly be peeled away from the middle class in order to support the growing strata who will then continue to vote in support of politicians who promise to feed the machine. This of course is and will continue to be done under the guise of redistribution of wealth from the rich to the poor but the middle class bears the brunt of the transfer. It is done not only through taxation but also for programs such as access to education and other programs that the middle class will are and will be deemed “to wealthy” to take advantage of…. see college education for instance.

[SD Realtor]

There are plenty of quality tenant screening services online. I would also stress to ask for a few months worth of bank statements and reconcile those statements with what the tenant claims as liabilities and income on their application. I find that to be a much better measure of their ability to pay rent then any credit report.

[SD Realtor]

FLU get back to work and pay your taxes man! We need to keep those pensions funded.

[SD Realtor]

It was Bushes fault. Can’t you see, this administration is different.

[SD Realtor]

This is true. I have no problem with that method either. Of course we were told that the bailouts were a must. The theme just recurred with the fiscal “cliff”.

Good thing we have all these people looking out for us. Funny how the rich seem to benefit from each of these moves while the general public just gets deeper into debt.

[SD Realtor]

In 2008 we had an approximate total mortgage debt of 11 trillion.

So instead of making Wall St richer we could have taken a few trillion of those dollars and simply payed off a large percentage of those homes. A simple program that would have perhaps identified owner occupants with incomes under say 100k could have had their entire mortgage paid off. Then payoff a smaller amount for some higher incomes. Well I guess it was better to bailout Wall St and keep the majority of the population in debt.

[SD Realtor]

harbor freight tools are definitely cheap. I found them in Texas a few years back on some property purchases. Definitely priced really well but the quality of them kind of sucks. Still if you are looking for something you need and will not need it much at all, it is a good deal.

[SD Realtor]

My god! How can you miss the conclusion SK?

We spend to much. That is the conclusion. Oh and by the way, the next budget proposal from the current party in power wants to increase taxes even more.

[SD Realtor]

Wow… fantastic article.

[SD Realtor]

I like that nsr. Kind of reminds me of the scene in Scarface when Al Pacino is in front of his desk with all that coke in front of him.

[SD Realtor]

There is your answer. If you look back at my post the first thing I mentioned was the secondary market. Portfolio lenders can get away with alot more of this kind of behavior.

[Author]

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