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| No double standards |
Agreed. It all comes down to who pays and when they have to pay it. The longer the road, the bigger the hole. "Liberty lies in the hearts of men and women. When it dies there, no constitution, no law, no court can save it....While it lies there, it needs no constitution, no law, no court to save it" - Judge Learned Hand, May 1944 | |||
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Bolt Thrower |
The USSR found out what happens when you run out of money. | |||
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| No double standards |
When will Venezuela have that same experience? "Liberty lies in the hearts of men and women. When it dies there, no constitution, no law, no court can save it....While it lies there, it needs no constitution, no law, no court to save it" - Judge Learned Hand, May 1944 | |||
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Member |
Right now https://www.msn.com/en-us/mone...ar-bills/ar-BB1ei8Dj | |||
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Go Vols! |
Just did my taxes. Paid a lot and sending in even more. I think I know where it comes from. | |||
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| No double standards |
Question asked, question answered. "Liberty lies in the hearts of men and women. When it dies there, no constitution, no law, no court can save it....While it lies there, it needs no constitution, no law, no court to save it" - Judge Learned Hand, May 1944 | |||
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| Member |
Lock in your 30 fixed at the lowest possible the bank will give you and don’t prepay it. Buy things claims on things and enjoy the ride up. Gold and silver guns and hard assets like land Stocks will continue to go up until they don’t. Currently cash about the worst place to be. Unless you have a need for it in the near term. If uncle sugar wants to give me 5k for each of my kids I’ll pop it in their 529. I’m already aced out of the current round of “free money” because my income level. Its nothing but a pork laden spending bill. Such a joke. | |||
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Member |
I remember as a kid someone telling me "that some day we would need a wheelbarrow full of money to buy a loaf of bread". We may not be that far off some day. A lot of people talk about their children or their grand children will some day have to bay this back. It has been quoted "we should not put this burden on them". Please do not take this the wrong way but someones parents,grandparents or great grandparents (quite possibly my parents,grandparents or great grandparents )many many years ago put the burden on us. This is what happens when people are elected to go to Washington who refuse to work with a balanced budget and think the government is the solution to all the American peoples problems. Think socialism. Margret Thatcher once said something like "socialism is a great idea till you run out of other peoples money" We have been letting this go on for way to many years. We can't keep printing money for every emergency or budget shortfall that happens. We as a country are broke. This what happens when you spend more than you take in plain and simple. I remember as a kid back in the 70s or early 80s reading the the debt divided up among the American population was around $7000.00 per American of all ages. Now the national debt per person I think is over $50,000 or $60,000 per American of all ages. This has been going on for decades. As far as I can tell their is no end in sight. As long as someone is willing to buy the federal debt "China" it will continue. You can replace every politician in Washington at election time and it will continue. The Second Amendment to the United States Constitution. A well regulated militia being necessary to the security of a free state, the right of the people to keep and bear arms shall not be infringed. As ratified by the States and authenticated by Thomas Jefferson, Secretary of State NRA Life Member | |||
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| Member |
https://www.goodreads.com/auth...xander_Fraser_Tytler ____________________________________________________ The butcher with the sharpest knife has the warmest heart. | |||
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| Non-Miscreant |
All fun and games until you have to pay the bill. So please allow me to ask a simple question. Who here still has their first two stimulus "checks"? Did you blow it on the 75" flat screen TV? Or booze and steaks? Pay off or down your mortgage or car? Or are you the boring type and its still wasting away in your checking account? Just as bad, did you buy ammo at highly inflated prices? Yes, getting all that money does ease the pain of the upcoming inflation and economic turmoil. Not many of those getting and spending are what we call "deep thinkers". They figure they'll just vote themselves more when the time comes (at ever shorter intervals). So if you're among the group that blew it, what did you spend it on and do you still have it? Ugly questions, I know. But basically it separates those that are the problem from those that might be part of the solution. So in other economic news, my mother died last summer just short of 100. She did her best to blow all the money my poor father managed to save over his working life. My wife, her executor, just closed the estate and dumped all of $1200 into my checking account, with about twice as much going to my brother. Neither of us needed it. But we did make one big mistake, we have all of her mail forwarded to our address. Wish I'd have had it sent to my brother. But the important part is all the lefty causes that solicit us for money. There just ain't no way in hell I'd give any of them a plug nickel. But a lot of the "mail" is stupid shit. They send her socks, frilly envelopes and note pads. So I dutifully toss the shit out, mostly. Not the socks, those go to grand daughters. I'm guessing some folks feel guilty and even send some money to them. Just like the Gubberment, how can they continue to exist? But it does annoy me that those fat envelopes, full of shit, keep arriving. And they're sent with 11 cents of postage, give or take. So I've got to pay a full half dollar to mail in my electric bill. You know, real business mail, honest commerce. And the answer seems pretty simple (to me at least). There are favored causes and dis-favored ones. Honest work isn't favored. The pain is coming. Sooner than you think so be ready for it. Unhappy ammo seeker | |||
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| Savor the limelight |
It'll end when they run out of ink. | |||
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| The Ice Cream Man |
Wall St sold its soul to the devil, and became a vassal of DC, about 30 years ago - roughly, when trading houses stopped being partnerships. Now, a 1/4, roughly, of the Fortune 1000 are zombies. Economics will not be denied, those zombies will be killed. Its just a matter if they have such a lock on DC, that they will take DC down with them. Things have been truly insane since '08. Honestly, even though this sounds crazy, if we cannot pull off Texit, then we need to focus on getting PR turned as libertarian as we can. If we can establish a low-cost/minimal reg capital market, smaller companies will have enough access to market-priced capital, to reinvigorate public companies. (The Private Equity crowd will try to block that as hard as they can.) As for the debt, yes, it would suck, but we're still at the point where a real balanced budget amendment, and winding up social security - and, probably, selling off the absurd amount of land holdings in the Western states - would be fairly painless. | |||
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Nullus Anxietas |
We spent the first ones on a well water pump replacement and upgrade. The most recent ones are still sitting in the bank.
I don't count replacing a 22-year-old water well pump as "blowing it," but, yes: We still have the pump 
I fear it is, and not a few economists agree with me. I have regular discussions with our retirement investments guy about strategies to protect those investments to the extent possible. One thing we do is take profit on a regular basis and plow it into cash. Doesn't earn anything that way, but it doesn't lose, either. As for the last "free money," the next "free money," our income tax refunds, and any other discretionary income: It's not burning holes in our pockets. I may, may buy new golf clubs this season, depending upon how much and how well I play, and whether I perceive my current clubs are actually holding me back. Otherwise: While I can think of no end of things I don't need, but would like to have, I'm not feeling any burning need to acquire them. "America is at that awkward stage. It's too late to work within the system,,,, but too early to shoot the bastards." -- Claire Wolfe "If we let things terrify us, life will not be worth living." -- Seneca the Younger, Roman Stoic philosopher | |||
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I Deal In Lead |
I do, plus the money I made off of investing it in the market. | |||
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Fighting the good fight |
Ditto.
Except it does lose, thanks to the devaluation from inflation. Even in normal times, cash that's just sitting there loses 1%-3% annually from inflation. | |||
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| Nullus Anxietas |
I'll gladly take that hit over a 25% or greater hit if (when?) the wheels fall off. "America is at that awkward stage. It's too late to work within the system,,,, but too early to shoot the bastards." -- Claire Wolfe "If we let things terrify us, life will not be worth living." -- Seneca the Younger, Roman Stoic philosopher | |||
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Don't Panic |
RE: the 'stimulus' money - still have it all. First stimulus got put in the savings account, where it still lives, and the second - after multiple trips to an associated ATM - got converted into nicely engraved pictures of Andrew Jackson which I clipped together and still have around here somewhere. Much as I'd like a 'limited, fiscally responsible government' ... I don't see that winning elections and remaining in power for long enough to make any difference. Reason being, the vast majority of the voting populace does not care about the national debt, and hasn't for some time. We have the practical choice between two varieties of free-spenders: one set that supports policies we abhor, or their opponents. Why do I say I don't see fiscally-responsible governing staying in power long enough to make a difference? To illustrate, here's a scenario. Assume some political party were to focus on this in their campaigning, and assume also that somehow they won power. Also then assume - unlike almost every non-Trump politician in recent memory - they then delivered on their campaign promises, and actually drastically cut spending and/or raised taxes to create enough of a budget surplus to start redeeming those Treasury bonds, notes and bills. Now, the National Debt is staggering, so of course any debt reductions in a given year or two could only be a small percentage of the total debt. OK, now.... what would happen next election? Opponents of the incumbents would decry all the hardships caused and point fingers at the culprits. The defense? "We put a tiny dent in the National Debt." Hopefully nobody doubts the 'dent in the National Debt' side would lose in a landslide, given the electorate, culture, and media we currently have. They wouldn't have been in power long enough to make a major reduction, but they would have handed power to the opposition in record time. TL: DR - Politicians may not be rocket scientists, but they do know which way the wind blows, and they do like keeping power. So, IMO, nothing is likely to change unless a lot more 'likely voters' start caring about the debt. | |||
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| That rug really tied the room together.  |
Hey I resemble that comment.... I just went out and bought a 75 inch TV. But, I didn't get the first stimulus, or the second one, or this coming up one either. Make too much money. My sister in law qualified for the many thousands of dollars in free money. She used it to put a fence up in her yard, and paint her house. ______________________________________________________ Often times a very small man can cast a very large shadow | |||
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| Member |
Let this really sink in: $84+K per Citizen; $223+K/Tax Payer owed to pay off the nation debt nearing $29 Trillion U.S. Debt Clock Want to see how jacked up we are compared to the rest of the World... World Debt Clock CASH is TRASH ---------- “Nobody can ever take your integrity away from you. Only you can give up your integrity.” H. Norman Schwarzkopf | |||
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