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WMARKW

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  • Why I Will Start Social Security At Age 62 [View article]
    For those interested, there is an annual report published by the "Trustees" of the SS (OASDI) fund. This report has several informative items in it that I review periodically, specifically the time at which the fund ceases to be able to pay all benefits from existing "invested" surpluses - which I think is 2033 now. After that, the report in the past has stated that the fund will be able to pay 75% of required expenses.

    http://1.usa.gov/xfUsVA

    I concur with previous comment that SS funds are mal-invested, and that the FED has done the SS Trust Fund no favors with it's ZIRP policy. However, the reality is that the government considers the SS income and expenses as simple budget items. And, since we run deficits on everything, there is no reason to expect that there will be any "fuss" about paying out benefits by simply running deficits (printing money).

    Actually, on a total other note, in my view the best thing that could have been done for the economy since 2009 would have been a full elimination of all employer and employee payments into SS for several years (3-4). The 2% SS tax relief program (prematurely suspended IMHO) was to little, too late and for not long enough.
    Sep 25 08:11 PM | 1 Like Like |Link to Comment
  • Bottom In Gold Likely To Be Below $770 [View article]
    Robert, please. In your discussion of Buffet's feelings about gold, also cite his history with silver. You can't have it both ways.

    Can you also cite Greenspan's polar shifting on gold?
    Sep 25 12:42 PM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Electrolux To Acquire GE Appliance Business For $3.3B [View article]
    I'll make it 8. Why the Yikes? Is there anything he said that is untrue? Ok we can question the "legal" element of citizenship, but the practical reality is that our President fancies himself a citizen of the world, and he is a purveyor of the "new" progressive dogma (hardly new) that the USA needs to be less powerful and more mundane in the world. No need for the USA to rule the roost, when their basic principals are so foreign to those of the "world at large". Yikes.
    Sep 10 12:15 AM | 1 Like Like |Link to Comment
  • The Wrath Of Abenomics Crushes Japanese Consumers, Slams Economy [View article]
    David, why not spend a couple trillion $$$, (printed of course) to build say 200 nuke power plants (gov funded, to be sold to power companies later after all haggling and EPA stuff is overcome and no risks to power companies). Then advance order 20 million electric vehicles and fund the charging grid (hmmm like those nukes now) then sell those at Dutch auction on ebay to anyone who wants one (highest bidder of course). Then you could print the money to fund Social Security, no reason to have tax. Give the 15% back to the people earning paychecks. Lots of ways for the "government" to get involved.

    Abe's tax increase is totally contrary to the goal.
    Sep 9 05:06 AM | Likes Like |Link to Comment
  • The Wrath Of Abenomics Crushes Japanese Consumers, Slams Economy [View article]
    If inflation is the goal, the WHY??? the tax increase??? Leave the taxes alone. Print the money, run deficits.
    Sep 9 05:00 AM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Electrolux To Acquire GE Appliance Business For $3.3B [View article]
    Wyostocks....took the words out of my mouth. With the Japanese economy in the condition they are in, the LAST tax hike was totally uncalled for, and now they are debating an increase to 10%. They say they need more revenue? Ha... total nonsense. A lesson we should watch and learn from.
    Sep 8 09:01 AM | 7 Likes Like |Link to Comment
  • How To Survive A Secular Stagnation [View article]
    But....it's ok to preach progressive political policies - or to preach support for Central Banks who rob countries blind??
    Sep 3 05:53 PM | Likes Like |Link to Comment
  • How To Survive A Secular Stagnation [View article]
    Really. There should be NO corporate taxes - which are just passed on to the consumer. And as indicated above, all payments for Social Security benefits should simply be paid for by printing money. Now, if everyone had another 15% of their income to spend....perhaps you would see some increase in final demand.
    Sep 3 05:51 PM | Likes Like |Link to Comment
  • How To Survive A Secular Stagnation [View article]
    Locutus49.....sorry, I totally disagree. Obama has done absolutely nothing in his Presidency except ram Obamacare down our throats.

    The Fed may possibly be credited with "saving" this economy. They are an independent entity who does just what they think is good for the banking brotherhood.

    Bin Laden? You can't be serious. Please. How in your mind can you suggest that it was a "difficult" decision.

    Regardless of your political orientation....the economy is a reflection of the choices of the political class and the responses of "We the People".
    Sep 3 05:49 PM | 1 Like Like |Link to Comment
  • How To Survive A Secular Stagnation [View article]
    versangitorix:

    "malaise is a problem they recognize and would like to solve,"

    I am not so sure that I would credit this group with wanting to solve anything. I have seen no evidence of such a desire.

    Why don't fiscal policy maker's just "print" money to pay for all Social Security obligations. I do not mean "borrow". I mean "print". Not a single dollar of such expenses would precipitate ANY inflation. And it would free up other fiscal expenditures to be directed at places that might just do some good. How about we build a couple hundred nuclear power plants - prefunded by the government and then sold to business after start-up. How about we build 20 or 30 million electric vehicles - contracts let by government and sold at Dutch Auction to the public. Why not spend some money on something that would actually precipitate some final demand.
    Sep 3 05:37 PM | Likes Like |Link to Comment
  • Why I Will Start Social Security At Age 62 [View article]
    Seriously??? I have dyed and gone to "Blue Heaven" to be with Elvis.
    Sep 2 04:51 PM | Likes Like |Link to Comment
  • Why I Will Start Social Security At Age 62 [View article]
    Yea but... yea but....my wife won't let me stop working. She wants the SS check to be bigger in case I die early, then she'll have a higher check because she'll take mine vs. hers. I try to tell her that this works both ways, and that she could die earlier and if she kept working then I could take hers rather than mine. So until we conclude what to do, we're both working :-( ... and working....and working....and (well you know).
    Sep 2 04:43 PM | Likes Like |Link to Comment
  • Why I Will Start Social Security At Age 62 [View article]
    I don't know that I have seen this yet in the postings, but just for your information:

    "The maximum benefit depends on the age you retire. For example, if you retire at full retirement age in 2014, your maximum benefit would be $2,642. However, if you retire at age 62 in 2014, your maximum benefit would be $1,992. If you retire at age 70 in 2014, your maximum benefit would be $3,425."

    http://1.usa.gov/1sXHdSt
    Sep 2 04:18 PM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Restrictions Imposed On Citigroup's Hedge Fund Sales [View article]
    RIQ - "By that guage only"..... Seriously??? What a specious red herring.
    Sep 2 01:56 PM | Likes Like |Link to Comment
  • How To Survive A Secular Stagnation [View article]
    Ah yes.....debt. The money lenders and changers have ever been conducting their business in the same fashion....and then everyone gave them control of the "Central Banks". They must have nearly fallen over dead laughing at their achievement.
    Aug 28 06:30 PM | 5 Likes Like |Link to Comment
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