Significantly reduce social welfare, beginning with illegal aliens. Eliminate CalTrans and go back to local contractors. Get our kids off the electronic heroine and back mowing lawns, delivering papers & sacking groceries. Cut government salaries benefits (esp. retirement) at all levels. Bring all of our troops home. Audit the DOD & all contractors. Require a high school diploma to get a driver's license. Increase taxes on the wealthy. Mourn the death of common sense. Just some early morning ideas.
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For the majority of us middle class home owners, it was not done as an investment. It was done as a status move and a lifestyle choice. Also, I hated my landlord. (Slumlord, now in jail) Home ownership makes sense, but only in that it provides a convenient savings account (very low, if any, interest) for our children.
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just be patient...
On Oct 27 12:34 PM Thomas J. Gordon wrote:
> A lot of us have lamented gov't spending in excess of tax take. It's > not clear to me that genuine borrowing (borrowing with the intent > of paying it back later) is inflationary. Although clearly the u.s. > is borrowing a lot more than they have in the past and you would > think that would have a bad effect somewhere, at minimum drive interest > rates up. but so far obama and geithner are getting away with it. > they are spending a ton of money they don't have and there are no > new bad effects. no inflation (defined as a rise in the overall price > level), u.s. treasury rates are low, the stock market is rising. > so when do obama and geithner pay the piper?
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I hope that you are right... But, everyting that I read says that you are a wide-eyed optimist. The US has sold out it's middle class & it will be a long road back, even if we start now. If you haven't noticed, great economies are not built on deficit spending.
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Latest comments | Highest ratedCalifornia's Default Is Certain [View article]
Eliminate CalTrans and go back to local contractors.
Get our kids off the electronic heroine and back mowing lawns, delivering papers & sacking groceries.
Cut government salaries benefits (esp. retirement) at all levels.
Bring all of our troops home.
Audit the DOD & all contractors.
Require a high school diploma to get a driver's license.
Increase taxes on the wealthy.
Mourn the death of common sense.
Just some early morning ideas.
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Housing Can Indeed Be a Good Investment [View article]
Also, I hated my landlord. (Slumlord, now in jail)
Home ownership makes sense, but only in that it provides a convenient savings account (very low, if any, interest) for our children.
The Intrinsic Value of Nothing, Part 1 [View article]
On Oct 27 12:34 PM Thomas J. Gordon wrote:
> A lot of us have lamented gov't spending in excess of tax take. It's
> not clear to me that genuine borrowing (borrowing with the intent
> of paying it back later) is inflationary. Although clearly the u.s.
> is borrowing a lot more than they have in the past and you would
> think that would have a bad effect somewhere, at minimum drive interest
> rates up. but so far obama and geithner are getting away with it.
> they are spending a ton of money they don't have and there are no
> new bad effects. no inflation (defined as a rise in the overall price
> level), u.s. treasury rates are low, the stock market is rising.
> so when do obama and geithner pay the piper?
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WE will create our future by the our actions, not our opinions.
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But, everyting that I read says that you are a wide-eyed optimist.
The US has sold out it's middle class & it will be a long road back, even if we start now.
If you haven't noticed, great economies are not built on deficit spending.
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