Tickerguy's View On Political Parties
The Market Ticker ® - Commentary on The Capital Markets
Posted 2013-02-20 10:47
by Karl Denninger
in Political Positions
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Tickerguy's View On Political Parties
 

I promised in a backhanded way I'd release this a few days ago.

There are many political events that surround us in our daily lives, and many political organizations and groups that vie for our attention and effort, whether it be in-person effort, money or both.

I put quite a bit of effort into the Libertarian party over the last few years, up until a couple of months before the election, when I severed ties with the local and state parties.  I kept on as Treasurer of the House campaign that I had taken earlier in the year; the candidate in question (Calen Fretts) was someone who is a man of integrity that was trying to do the right thing.

I've also spent a lot of time post-election contemplating whether, and on what terms, I'm willing to lend effort to political causes both now and in the future.

Let's start with what's going on right now, and I'll lead with the Libertarians.

The Gary Johnson campaign was a disaster.  But the disaster is not over.  No, Gary ended the year a staggering $1.135 million in debt, against a mere $43,933 in cash

There has been a stunning silence from the Florida State Party apparatus, which has a chair who vehemently boosted this clown of a candidate, as to this latest report and its implications.  Nor has National stopped trying to solicit me to renew my membership, which I explicitly resigned (right here, publicly, cutting up my card.)

The internals are frightening.  Enormous amounts of money were spent on staffing, and damned little on actual advertising and media.  The campaign was ineffective beyond words, garnering a mere 1% of the vote -- but one has to wonder if the point of the campaign was to actually garner votes at all, or whether it was just a means to "employ" some people, with nearly all of the money funneled through "Political Advisors" out of Salt Lake City.

Remember, this is a politician who said he would eliminate in his first budget as President the ~40% operating deficit that the Federal Government holds. 

Yet he took in $2.2 million during the entire election cycle but after spending essentially all of both it and his "matching funds", with the candidate himself donating only $8,000 of his own money, he then went on to rack up $1.135 million in debt on top of it.

I note with alarm that this debt is 51.6% of the total amount donated and I have seen exactly zero in terms of how he intends to pay it off.  Soliciting people to donate to a failed campaign that violated the very fiscal integrity the candidate promised were he to be elected is going to be a hell of a lot of fun.

Indeed, you could look at paying political advocates and staffers as a form of welfare, if you want to be less-than-charitable about it.  After all, what do they do that produces GDP?  What good or service do they provide into the economy?

Nothing, unless you count the hot air spewed by these clowns as a positive contributor to global temperature trends -- something we could use right now in Florida, as it's too damned chilly for my taste. 

Of course the Libertarians are not, by any stretch of the imagination, the only ones with wild-eyed idiocy in the political sphere of late.  They're just one of the more-blatant (yet tiny and thus utterly insignificant in the scheme of things, mostly due to their own duplicity) when it comes to selling "We'll do X while we can't conduct ourselves in the same manner we claim we'll govern -- or are governing" to you, the gullible.

Speaking of which, the latest nonsense relates of course to the sequester.  Obama looks like a petulant child pouting about how the sequester is "irresponsible."  Perhaps, Mr. President, you might want to explain to the American people why you proposed it originally!

It's not like a President would ever propose something he knows is ruinously bad, right?  Oh wait, according to his own standards, he did!

Obama, of course, is not alone.  Senate and House Republicans, including but not limited to McConnell, Boehner, McMorris-Rodgers, Ryan and others have for the last two+ years bleated about how we "must get our fiscal deficit under control."  They then vote for continuing resolutions and ever-expanding debt ceilings, unwilling to draw a single breath before turning their own previous statements into lies with their own acts.  I made my opinion known to several of them in 2011, and it stands: You're liars and frauds, now go perform an anatomically-impossible act.  My opinion in that regard will stand until your actions change -- period.

Those who argue that there is "no alternative" are lying too.  There most-certainly is an alternative.  The House can refuse to authorize any further continuing resolutions that add one nickel of additional debt to the Federal ledger.

So why not do it?

The reason is simple: They're all handing out welfare to both people and corporations and in addition they're well-aware that the deficit spending, some 8% of GDP, would instantly come back out of the economy were it to stop -- because that's "demand" that doesn't really exist.

In other words GDP would instantly contract by that same 8% plus whatever the knock-on effects are of the people not producing (up and down the line) that which is no longer bought.

And despite the bleating about fraud, waste and abuse the fact of the matter is that this very same fraud, waste and abuse is part of GDP and for every dollar of it you eliminate and thus don't spend that's a dollar that comes out of the economy!

Next, there's the health care fiasco.  If being screwed out of 10x the market cost of a procedure isn't enough to cause you to want to burn to ash the entire medical industry in this nation you're not very bright.  Medical "costs" are one of the largest causes of individual bankruptcy.  Worse, the escalation of medical spending from $53 billion in 1980 to over $800 billion in 2011 by the Federal Government alone lays bare on the table where we're headed -- national bankruptcy -- if this crap is not stopped, and stopped now.

Finally, I'm tired of watching the commission of felonies by the tens or hundreds of thousands by privileged groups, such as the banksters, while the guy who steals $50 worth of gas or smokes a joint goes to prison.

So here's the deal.

I'm always willing to work toward positive change.

I'm not going to tilt at windmills.

If you, as a politician or political subdivision, whether that be a party, a candidate, or an officeholder, want me to effort on your behalf, no matter how small or large, or provide you with any sort of service at all (like, for instance, provide advice on your web hosting, fix your computer or other similar things that I happen to be pretty good at), then you will:

  • Refuse all deficit spending measures.  Period, end of sentence, full stop.  No ifs, ands, buts or maybes.

  • Expose and excoriate all those within your own ranks that cannot live within their means.  No exceptions, period, and this particularly goes to political candidates and campaigns.

  • Put a stop to the health care cost scams right here and nowThis means that the centerpiece of your activity will be the breaking of these monopoly practices and the removal of every single legal protection these firms have that shield these practices from prosecution, and then prosecuting all those that refuse to stop.  There is absolutely no reason why in a free market system health care should not cost one fifth or less of what it does now, and at that price most people could pay cash.  They might not enjoy it and some exotic treatments might be beyond their ability to afford and thus not be available, but for nearly everyone they would be dramatically better off.

  • Stop the looting and start prosecuting.  I'm done with being lied to on this account.

  • Respect unalienable rights.  All of them.  Do so in public, do so in your bills you file and in the positions you take and advocate.  We'll start with three bad and blatantly-unconstitutional laws: Repeal the NFA, GCA of 1968 and the Brady Law.  If you can't read The Constitution and its clear language get the hell out of your office and make room for someone who can.  And no, that's not an exhaustive list -- it just demonstrates that you can read.  We'll get to the other blatantly unconstitutional "laws" after those three are gone.

If you can't do that, then stop calling me, stop asking for help and stop expecting me to provide anything but a slammed door on your fingers and a boat horn in your ear when you ring my phone.

In addition you should expect that in the not-so-distant future I will cease looking for signs that you're going to do -- or advocate for -- the right thing.   When that day arrives, and it shall not so long from today, I will do my level best to withdraw all of my material effort that can be taxed and therefore used to support that which I know (1) cannot possibly work and (2) will simply go to fatten the wallets of those who are and have been both lying to me and intend to screw myself and my progeny.

And finally, may God have mercy on you if your computer is hacked and you need help, or if you would like someone to come and perform some sort of forensic inspection on your machines or networks,  because I sure as hell won't have any mercy -- or provide any assistance -- to you at all.

I, and the other productive members of society, do not need you.

You need me.

But right now I'm out in the garage stenciling up some signs to picket with, because I'm very, very close to going on strike and I know full well there isn't a damn thing you can do about it if I do.

May millions of others decide to do so as well.

Ps: Should you decide to ignore me in this regard, I will caution you that a man known as "Math" is going to resolve these problems all on his own, that I (and anyone else who's paying attention) have a pretty good idea when he will, despite your best attempts, breach your walls, and when he does unless you can manage to convince God to change the laws of physics and thus how the universe works you're buggered and done.

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User Info Tickerguy's View On Political Parties in forum [Market-Ticker]
Duc888
Posts: 7368
Incept: 2008-11-06
Gold
CT, the UNconstitution State
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Quote:
I, and the other productive members of society, do not need you.


How true. Government does not facilitate in any way shape or form running any privately owned businesses, unless of course you are an Uber-corp. I would go as far as to say government is a totally parasitic drag on the real economy.

Quote:
I will do my level best to withdraw all of my material effort that can be taxed and therefore used to support that which I know (1) cannot possibly work and (2) will simply go to fatten the wallets of those who are and have been both lying to me and intend to screw myself and my progeny.


Yup, see above. Why fund these *******s. Use every legal loophole not to pay their check.

In 4-5 months I'll cut my tax liability by 2/3rds.

Quote:
I'm very, very close to going on strike and I know full well there isn't a damn thing you can do about it if I do.


Yup, been sayin' that all along. A PEACEFUL work strike.

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...burp

Steelhead23
Posts: 2041
Incept: 2008-09-09
Green
Portland OR
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I tore up my draft card in 1971 at Ron Kovic's insistence. Yet, I still loved this country - and I devoted a bit of energy trying to set it straight. Gen, today you wish to stand outside the party you love because it has gone astray. Don't. Carry that placard. Write those letters. Keep trying because giving up is never a successful strategy. The party needs you.

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"Give me control of a nation's money and I care not who makes it's laws" —Mayer Amschel Bauer Rothschild Benjamin Bernanke
For-profit commercial banks are a menace and should be eradicated
Ruaslave
Posts: 108
Incept: 2012-06-30

Republic of Texas
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Karl, Math is not a man. She is a Bitch and she don't care. Amen to everything else you said.

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Math is a Bitch and she don't care. - R.U.A. Slave
My idea of non-partisanship is not that there are politicians who just have different ideas of what is best for the country. My non-partisanship is they are ALL crooks and liars.
Truthseeker
Posts: 8474
Incept: 2007-10-07
Silver A True American Patriot!
NorCal
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Amen, brother.

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"...But people better realize that the worst-case scenario could actually happen.9/11 happened. This can happen. An economic 9/11, the likes of which we've never seen." Gerald Celente
Andysvw
Posts: 1725
Incept: 2010-06-26
Green
Tujunga Ca
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The honest people have productive jobs or use too. This system runs on hard work. Truck drivers, wrench turners,farmers,plumbers,electricians,cooks they did that. Not some paper pushing fool. Without them the machine would stall. Much faster than most think. Without all of them doing the actual work it will grind to a halt in a couple of weeks. You cant fake gas into your tank. You cant fake 3 phase power hook ups. No way can you fake it when you need a guy like Karl. And there is not a dam thing they can do about it. Those skills dont happen by luck. They come from hard work. Lets see the Paul Krugmans remove a broken bolt. Or better yet hook up a buildings 3 phase. Those jobs are worth a living wage.

What I call the organic economy/productive work. Cannot be faked.
Dji
Posts: 1245
Incept: 2009-04-21
Silver
Ponzi world 3rd rock from the sun
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What We THE PEOPLE need is a Ban on Politicians.......

Name 1 politician that is a true public servant.

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Don't be a bag holder-Me

What goes up Must come Down- Alan Parsons Project
Flaps10
Posts: 5149
Incept: 2008-10-17
Silver
seattle
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Quote:
Expose and excoriate all those within your own ranks that cannot live within their means. No exceptions, period, and this particularly goes to political candidates and campaigns.

smiley

Follow the money, starting with how campaign money is spent.

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"Better to die on your feet than live on your knees"
Azusgm
Posts: 2396
Incept: 2010-12-02
Green
East Texas
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Quote:
Name 1 politician that is a true public servant.


Louie Gohmert.

He is constantly given a hard time. Hannity had him on a couple of weeks ago and tried to shame him into being a good soldier and doing Boehner's bidding. The local newspaper editors in his district moan about him.

Louie's not perfect by any means, but I cannot find a reason to question his motives. All three of his girls went to college on student loans. He hasn't made himself rich in Washington and doesn't seem to be trying to get rich either.
Andysvw
Posts: 1725
Incept: 2010-06-26
Green
Tujunga Ca
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Its hard to live within your means when the money we use is becoming worthless?
Gas is heading north of 5. How many millionaires in Zimbernankyland after they move the decimal point three spaces?
Bertdilbert
Posts: 2655
Incept: 2008-12-22
Gold
CA
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Air horn by the phone... is that like a telephonic ban hammer? I need that for those brokers calling from NY.

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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.
Genesis
Posts: 130691
Incept: 2007-06-26
Admin A True American Patriot!
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Yep. One of these -- I've had it in my desk drawer for years, going back to when I ran MCSNet to deal with people who got abusive:

inline

It's ****ing LOUD too.

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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?
Azusgm
Posts: 2396
Incept: 2010-12-02
Green
East Texas
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My phone rang yesterday. Who could it be but some woman requesting that I send the Republican National Committee $200 to help our dear leader Reince Priebus.

Give me a break.

The dear woman received a full measure of what I think of Reince Priebus and what transpired in Tampa.

She still wanted money.

I told her to go away and not call back until Reince Priebus is gone and the party has changed for the better.

What kind of idiot would support a big time loser such as Priebus?
Bertdilbert
Posts: 2655
Incept: 2008-12-22
Gold
CA
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One burst from that would probably kill the battery on my cell phone.

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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.
Seraphical
Posts: 42
Incept: 2010-04-06
Green
Phoenix.AZ
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Thank you for all that you do, Karl.

Would anyone have some guidance on reducing their tax liabilities? As far as I can tell I've done all that I can by filing my Schedule E & deducting every penny possible.

This year I finally setup an HSA so that'll reduce my taxable income by ~$1,300 this year.

Thanks in advance, stay strong everyone.
Genesis
Posts: 130691
Incept: 2007-06-26
Admin A True American Patriot!
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Stop earning money, basically. Reduce what you need to the point that you no longer have material tax liability.

Yeah, it requires a change of your view of the world.

And?

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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?
Susanjbear
Posts: 417
Incept: 2010-06-10
Gold
Salt Lake City, Utah
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Gee, forcing the pols to live by the rules and laws they make for the rest of us. What a concept!

Quote:
She still wanted money. I told her to go away and not call back


During the Romney campaign I wrote on his surveys with a big red marker "REMOVE ME FROM YOUR MAILING LIST" and enclosed his "surveys" in his own postage-paid reply envelopes and mailed them back. The mailings continued - without the postage paid reply envelopes.

The GOP doesn't want to hear bad news or deviate from their script - look at how they blocked the Paulites at every turn, including the convention, throwing out rules and making up new ones as they went along. Even after losing 2012, they STILL don't get it.

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Susan
Oliver1655
Posts: 22
Incept: 2012-08-02

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Thanks Gen for all that you have done and continue to do to inform the masses and to try and make positive changes.

I merely speculate here that the "It has begun" post was likely the beginning of some yet unnamed negative event. I doubt there can be much in the way of a positive event to turn the Titanic as she heads for the iceberg. Only the cries from those in control of "nobody could have seen this coming" are yet to be uttered.

Sean
Posts: 1766
Incept: 2009-04-21

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Yep. Karl's "Reason for Optimism" ticker a while back IMO now has hole in it and is slowly sinking.

Who is John Galt?


----------
* I think Ann Barnhardt is more and more right. God help us!
* Progressives / Marxists / Communists are many things, STUPID and IMPATIENT are not two of them.
* A hot civil war is coming.
* And people wonder why I prep!
Sharon
Posts: 4352
Incept: 2008-02-10
Green
Odessa, Missouri
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If everyone would just read Nock's Our Enemy, the State, everything would become clear.

Exploitation, theft, and violence are what the State is FOR. Duh.

The notion that anyone is going to reform something whose whole nature is entirely negative is just silly.

And I don't think there's ever been and instance in which the State was overthrown that wasn't merely a case of, "Meet the new boss."

Invariably, when someone wants to overthrow the government, they're actual plan is to get rid of the old exploiters with the idea of enjoying the position of being the new exploiters.

It's rare to find someone who is really opposed to the State system. What you mainly find is people who think that they should be the beneficiaries, rather than the people who are the beneficiaries under the current system.

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Semper ubi sub ubi.
Frankschoenburg
Posts: 178
Incept: 2011-08-05
Green
Northbrook, IL
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I am so getting one of the air horns. smiley
Mannfm11
Posts: 3537
Incept: 2009-02-28
Gold
DFW, Tx
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The amazing fact is the true Liberarians didn't believe in voting, in that it would be hypocrisy to get elected and force others to do it your way.

It would be nice to see DC as a mere shell of itself. Maybe 10% of its current size and what was left a strong Navy and enforcement of civil rights and legitimate interstate commerce. NO DICTATES TO THE STATES OUTSIDE OF THESE AREAS and in the case of commerce, the clause restricted to competitive trade and not to the nonsense we see today. The founders at least gave the appearance of intending for it to be difficult for the central government to get money out of the people. That didn't last long.

I listened to a tax protestor on tape about 15 years ago. He made a point that government had to muster 50% turnout in elections or they lost their legitimacy. It was his contention that to be a successful tax protester, it was important that you didn't vote. Agreement is a big part of any contractual obligation, which is what protestors contend income taxes are, and that voting indicated you agreed with the outcome. When Bush Jr was put out as a candidate for Governor of Texas, I ceased voting, as I felt they were going to make this CT Yankee transplant President. Having voted for his old man twice and regretting it, hating Clinton, another stooge for the elite, I decided we were watching a stage show.

I don't talk alot about conspiracy any more. Once in awhile I will point it out as they are acting it on the stage. There are things going on now that 40 years ago were written about by guys they called Conspiracy Theorists. Guys like Gary Allen. Well, they are doing out in the open what these guys warned us about 40 years ago. The Central Bankers are out front ****ing the middle classes around the world out of what they have left. There is a world system of commerce that has little to do with any given country, save for the fact the US is supposed to keep the dance going, even if it bankrupts the common man in doing so. The elite? They merely move to another country, once their policies have looted the country where they are.

There is some interesting ideas in Libertarian philosophy. I don't mean the political end, but the philosophy itself. While free enterprise, anti government interference, I have read ideas one might consider Communist. The Sandinistas in El Salvador might have been closer to libertarian than our own government. The rule of the world by a few elites revolves around ancient government supported accumulation of basic state supported property and industries. Like arms, drugs, money and banking, endowment of large estates, etc. These lords of the land are different than the guy who saves his money and builds a real estate empire, something else that would be less possible without access to state supported credit. While the little guy is getting rich in such an endeavor, the big guy is now drawing the real return out of the property owned by the little guy through the reserve banking system. Bank goes broke, we lose what the bank owes us. If it doesn't, they own us. What a deal!

In any case, the philosophy of Jefferson, where America was to be made up of men with land, where the people weren't relegated to chattel and the landlord gained possession of the economic value of activity. One of the first things FDR did was cease the distribution of public lands and today about 1/3 the US is frozen as public lands. There are no longer many family farms and a lot of factory farms, clearly put together by the banking system that has replaced equity as the lord of the land. What is free enterprise is really nothing more than what is quite often unfree enterprise. See what your company is worth if you don't give Wall Street a piece of the pie. They don't give us all bank charters and their privilege of committing fraud with every loan. This system is not only endowed by the state, but clearly protected by the state, to include immunity from being charge with massive violations of the law.

The great levellor of society today would be to take away the prohibition of bank runs. Most of these outfits wouldn't last until next week. Sure, a lot of us would lose our money, but much equality and opportunity over the long run would be re-established in the US. I'm sure it would take all of 3 weeks for the bankers to buy their way back into the good graces of the politicians. We would need a Constitutional amendment prohibiting the protection of various ponzi schemes by any government, backed up with detailed writing as to what was meant by the term. Clearly reserve banking with its credit multipliers is a ponzi scheme, forced on us by government, giving them, the privilege of creating money.

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The only function of economic forecasting is to make astrology look respectable.---John Kenneth Galbraith
Sean
Posts: 1766
Incept: 2009-04-21

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Don't forget a great way to Go Galt is buying stuff from Craigs List/Ebay/Good Will.

Sean

----------
* I think Ann Barnhardt is more and more right. God help us!
* Progressives / Marxists / Communists are many things, STUPID and IMPATIENT are not two of them.
* A hot civil war is coming.
* And people wonder why I prep!
Apotheoun
Posts: 1281
Incept: 2009-08-14
Gold
MN
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Where did you get 8% from? From the estimates I have seen suggest more like a total GDP collapse of 40-60% when all is said and done... Or were you just saying from medical alone?

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"when despair is all you can see, the end is finally near."
"Because there is some good left in this world, AND ITS WORTH FIGHTING FOR!"
Gweedo
Posts: 98
Incept: 2010-11-12
Green
Florida
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HELL YEAH, Karl!

We've "galted out" as mush as possible. Instead of buying a short-sale and taking on $150k of mortgage debt, we decided to have my wife stay home with the new baby and we altered our expectations. Our home is smaller (by American standards) but nicely trimmed and furnished and the debt free lifestyle we've built over the past 10 years is, well, comforting.

It got to the point where we decided on a number that's all I need to take home every year to support the lifestyle we want... being self employed and having the ability to refuse work that doesn't pay me what I want to make suits me just fine. That attitude has afforded me to find a lot of clients that bring high quality barter services and goods to the table instead of a "rate of pay."

With the squeeze coming from utilities, gas, food, and everything else, I'm glad we made the choice to keep our growing family in the same space and learn to adjust.

In a short time, we have starved the beast of $24,000 of tax revenue with our lifestyle adjustment. You know what's funny. I honestly think our quality of life is better now. We're just one full time worker no longer paying the system and an entrepreneur who basically took his taxable income down by a 3rd. **** 'em.

I know there have to be others of you on here who saw the writing on the wall and adjusted your lives accordingly. There's plenty more to come one way or another.

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