http://www.wimp.com/budgetcuts
It really puts into persepctive the trouble we are in with this unmanageable debt.
Matt
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http://www.wimp.com/budgetcuts
It really puts into persepctive the trouble we are in with this unmanageable debt.
Matt
WOW thanks for sharing that.
I've been avoiding the news lately because it's always so depressing.
What I got from that video is that the US Gov. needs to increase everyone's taxes by a quarter of a penny. Problem solved! :D
No, seriously, the world economy looks grim. Spain, Portugal, Greece - all downgraded credit ratings. And despite what Moody's say, I believe the UK should be set to follow if the credit ratings agency has any balls at all. And at some stage after that, the US too, unless they can do something serious to reduce their debt.
I predict rocky times ahead. :(
James.
Rocky? I don't think that begins to describe it. I could have retired a while ago, but didn't. I think now, that my retirement accounts will tank coupled with the fact that my government has squandered my 45 years of Social Security payments to the "more needy" will assure me of having to work until I die. It's probably the way things should work in the grand plan, but it's also not the way I planned things. I had hoped to take some time off to just play, but likely can't now.
...another joyfully happy camper,,,
:gwh:
Jimbo,
We have mentors, moderators, super moderators, and devlopers and probably others I've missed. So just what does an advisor do?
Given my unique qualifications and willingness to share and counsel, when you are in conference with your fellow executives, please tell them of my ability and willingness to fill yet another niche: grouser.
What one does well, one must do.
:beer2:
I believe the fantasy of retirement was short lived and is now more or less over, wide spread further education will follow shortly. The reverse will happen in China, I suspect.
Seems to me the actual problem stems from having too many people who need visuals to understand the meaning of simple numbers.
mhailey, now that you're shocked, have you got any plans for your personal contribution to decreasing that part to the right of the blue line?
Or may be you have an updated video that's not one year old. I seem to remember there was some voting for death panels. If that's not gonna cut the big pile on the left of the white line I don't know what else will.
But they just keep spending money they don't have.
When Social Security was instituted the life expectancy in the USA was not much beyond the 65 years you had to be for eligibility to collect it. There was no early in at 62 and no medicare.
It was also a country that generated it's GNP through manufacturing. How can a country that has 3/4 of it's GNP based on consumerism sustain it's standard of living. The entrepreneurs and the politicians they bought killed the goose that laid the golden egg for filthy lucre.
Why a jobless recovery ? Because McDonalds and Walmart can only hire so many. China is booming. Glad I'm 61 and have way less life in front of me than behind me.
Jimmy, this absolutely an aside, but your wide and informed views on things make me hope that someday I will be able to meet you and chat over good beers. That is all.Quote:
Originally Posted by JimmyHAD