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| Income And Spend: Huh? in forum [Market-Ticker]
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Digitlman
Posts: 328
Incept: 2011-03-04
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Funny story - gf's father is a big anti-gov't guy, staunch Republican, always bashing Obama and Democrats. So, he needs to get into shape or he will die. Gets a gym membership *and* a personal trainer. Who is paying? Medicare.
So, big gov't is bad, gov't medical programs are bad, but he'll gladly use these programs for his own benefit? I see how it is.
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Little_eddie
Posts: 592
Incept: 2009-04-30
Delaware
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Digitlman
If you want to bankrupt someone, you have to make sure he spends more money then he make.
If he makes it easy for you, to make him to spend more, so much the better. I think they should buy him a home gym for the days he don't feel like going to the Gym.
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Quote:If the math says one thing and the law says something different, it will be the law that ends up changing Charles Calomiris From an article in Foreign Affairs entitled “The End Of The Euro” |
Digitlman
Posts: 328
Incept: 2011-03-04
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It's the FSA Manifesto: It's bad, until it benfits me, and then it's still bad, but only for everybody else.
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Coaster
Posts: 665
Incept: 2008-07-25
Maine
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So if "Personal consumption expenditures (PCE) increased $4.6 billion, or less than 0.1 percent," and inflation is running well ahead of 0.1 percent per month, isn't this actually a decrease in personal consumption in terms of units sold? Or am I missing something?
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Genesis
Posts: 130663
Incept: 2007-06-26
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Yes it is.
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I don't care if it makes sense -- only if it makes money. -- Me
Bank (n): See scam, fraud and theft. Eat a bankster -- they're low-carb.
What part of "shall not be infringed" was unclear?
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Mirac
Posts: 3
Incept: 2008-05-18
London, Canada
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"Oh there it is. The Free **** Army got it's handouts."
What is that **** thing? Don't understand the approximately 10 billion add.
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You can whip cream...but you can't beat sh*t!
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Genesis
Posts: 130663
Incept: 2007-06-26
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Go into your control panel and tell it you don't mind profanity ;-)
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I don't care if it makes sense -- only if it makes money. -- Me
Bank (n): See scam, fraud and theft. Eat a bankster -- they're low-carb.
What part of "shall not be infringed" was unclear?
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Lordhumongous
Posts: 4279
Incept: 2008-09-29
USA
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Interesting discussion with a 60s lefty about Ron Paul and Kuchinich's legalization bill. Paul is no good at all, quite evil and dangerous apparently in spite of his hippy aligned freedom agenda because he is not FSA compatible.
FSA friendly trumps EVERYTHING. Hard left or hard right, they gotta have their free **** bennies or their "principals" go right out the window. Torture, abortion, war, taxes, whatever, it's just ****ing window dressing, swill in the bucket that our pig farmers in DC whack a stick against to get the FSA all worked up before every election.
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Lordhumongous
Posts: 4279
Incept: 2008-09-29
USA
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Nothing*****es off the FSA more than individual liberty.
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Flaps10
Posts: 5144
Incept: 2008-10-17
seattle
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oh look, the markets are in a rally
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"Better to die on your feet than live on your knees"
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Rickl
Posts: 1226
Incept: 2009-03-08
Pennsylvania
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To be fair, people over 65 pretty much have to go on Medicare unless they're wealthy enough to pay in cash. My boss (small business owner) just turned 65 and his doctor told him he has to go on Medicare. He's pretty*****ed about it, and doesn't want any part of it. Anyone have any suggestions I can pass along?
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We are so far past and beyond the “long train of abuses and usurpations” that the Colonists and Founders experienced and which necessitated the Revolutionary War that they aren’t even visible in the rear-view mirror.
~ Ann Barnhardt
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Smacktle
Posts: 1358
Incept: 2009-01-20
Texas
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Most of the people I talk to don't know what FSA means. I feel like I'm in a constant education mode.
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The faults of the burglar are the qualities of the financier.
- George Bernard Shaw
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Aztrader
Posts: 6648
Incept: 2007-09-10
Scottsdale, AZ
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Like discussed before, the largest increase in govt handouts is via Social Security Disability. The definition of disabled is a complete joke and very easy to game. If you have minor children, this program makes welfare worthless. Picture getting your $1200 a month disability check and each of your minor children getting a check for between 50% and 80% of your check. Really is rewarding for large families. In many cases, the spouse also gets a check.
The definition of "disabled" need to be "DISABLED"!. People claim they have reading disorders or back pain. It's insane how easy it is to get on the program with the right doctor.
I get over a dozen emails a week from law firms pushing this. It's the new welfare and pays very well.
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Lucky1
Posts: 2019
Incept: 2009-08-05
Pittsburgh
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Where did the money come from? Why, last month it came from the G- Fund, of course. Hilarious if it weren't tragic. The Public Dole leeches are now sucking from the Public Servant leeches. That's gotta mark the end.
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"Crime is contagious. If the government becomes a law-breaker, it breeds contempt for law; it invites every man to become a law unto himself; it invites anarchy."
-USSC Justice Louis D. Brandeis: Dissenting Opinion in "Olmstead v. United States" (1928)
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Uwe
Posts: 6423
Incept: 2009-01-03
19446
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LH wrote..Nothing*****es off the FSA more than individual liberty. That's because individual liberty is intrinsically incompatible with people getting things for "Free". It's only "Free" because it was taken from someone else to begin with. -Uwe-
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“Whenever the legislators endeavor to take away and destroy the property of the people, or to reduce them to slavery under arbitrary power, they put themselves into a state of war with the people, who are thereupon absolved from any further obedience.” - John Locke
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Bshj
Posts: 347
Incept: 2007-08-07
Near Huntsville Texas - Execution Capital
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So I suppose THIS is the reason for a nice Monday rally...all is well (very tongue in cheek)
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Mannfm11
Posts: 3533
Incept: 2009-02-28
DFW, Tx
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There is no reason for the Monday rally. There is only a made up reason.
I was listening to Steve Keen a couple of nights ago. He said he had a source that said the retail sales figures reported by the government the past couple of years had no connection to reality. I have to believe this is true with home equity shrinking, credit debt shrinking and unemployment being high. The all over the place numbers reported in this income report is nothing more than making it up as they go along. What would the swing in FSA receipts be other than tax payments or tax returns? This is almost a dog ate my homework story.
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The only function of economic forecasting is to make astrology look respectable.---John Kenneth Galbraith
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Bertdilbert
Posts: 2651
Incept: 2008-12-22
CA
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Quote:Of course the questions are "where did the money come from?" and "is that sustainable?"
Make sure you duck after asking those questions
It came from your daughter's future income Karl. You make a big story about the youth being ripped off by a collage education. Graduating with little prospect of jobs and encumbered by the a debt that cannot be dismissed. When you look at the CIA fact book, it lists every country and the available males capable of military service. Obviously the ones that are too young or too old do not fit their purposes. When I look at a debt per household, I discount the 20% that are on poverty line and primarily exist on government handouts. We will always have approx 20% of households in this condition, with no ability to repay the debt. Like the CIA fact book, I discount the ones that will not amount to being useful for my purpose. After subtracting the dead wood, you are left with about 100 million "capable households". Assuming your daughter ends up in a capable household, she is currently amassing debt at 15 to 17k per year. She does not need to participate in the collage scam to get ripped off. She is getting ripped off before she is even of legal age and has no say in the matter. The current crop of adults we have in the USA are so self centered and selfish that they just do not give a damn about the up and coming generation. In short we are saying "Screw the children".
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Dear Euroland: Relax, Germany has a plan for your money!
Political Capital Defined: We are out of money but will tax our citizens for whatever it takes to "SAVE" the Euro.
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Genesis
Posts: 130663
Incept: 2007-06-26
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Good luck trying to collect from her 
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I don't care if it makes sense -- only if it makes money. -- Me
Bank (n): See scam, fraud and theft. Eat a bankster -- they're low-carb.
What part of "shall not be infringed" was unclear?
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Vidad
Posts: 97
Incept: 2010-08-15
Florida
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"Good luck trying to collect from her"
Yeah. Feel the same way about my kids.
There will be a default or an exodus of the creative/productive. Those "each person owes $_______" when they're born is misleading - they didn't accrue that debt, don't relate to those that did, and will have no capacity/desire to pay for it.
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Mortgageguymn
Posts: 1561
Incept: 2009-03-09
North Coast
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Vidad
Posts: 97
Incept: 2010-08-15
Florida
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Along these lines, it's worth reading Tacitus' account of what happened after Nero's death. Those accustomed to profligacy took affront at Galba's (the new emperor) thriftiness - i.e., he didn't give out lots of favors and free stuff to those accustomed to receiving it. And he was assassinated... and then those that came after him were lousy... and also unable to pay... and civil war, riots and more took place until Vespasian paid the important folks off and punished dissenters. And debased the denarius.
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Jstanley01
Posts: 8171
Incept: 2008-07-30
San Antonio, Texas
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So transfer payments in the GDP expenditures number is counted as C not G, eh? Okay, I suppose, yeah, whatever. That does make the REAL numbers that the politicos confiscate to keep the FSA paid off easy to calculate. In 2010 the governments' expenditure contributions to GDP were $3 trillion (federal, state and local), while their total spending was $6 trillion. That's $3 trillion, or 20% of GDP, taken from the productive at gunpoint and handed out to the politically favored AFTER all other expenses.  http://en.wikipedia.org/wiki/File:GDP_Ca....http://www.usgovernmentspending.com/
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You can't cheat an honest man. ~P.T. Barnum
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