Asimov
148k posts, incept 2007-08-26
2019-07-27 23:47:10
Quote:
For example you borrow $200,000 to buy a house but over the 30 years you pay that back more than twice, so you REALLY paid ~$450,000 for the house, not $200. This of course makes people jump shit so nobody talks about it
My SO actually cried when I showed her what she paid for the car she leased then bought after the lease.
She certainly didn't do it a second time though, so maybe it was worth a cry...
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It's justifiably immoral to deal morally with an immoral entity.
Festina lente.
Tsherry
14k posts, incept 2008-12-09
2019-07-28 09:40:40
"Fucked with a chainsaw" doesn't quite do it justice.
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Father forgive me for the times I craved a place at a table that you would have flipped.
Tickerguy
200k posts, incept 2007-06-26
2019-07-28 09:46:50
@Kochevnik -
Quote:
Then add the Medpocalypse numbers onto those. To me, assuming a big recession sometime in the next couple years, 2024 looks like 30 to 35 Trillion total debt.
Yep, and anyone who thinks we can pile up
another 50% on the existing ~23 trillion and NOT have it fold back on us is flat-out insane. The Japanese got away with it thus far for only one reason -- they had a HUGE capital stock in the form of personal savings rates that were EXTREMELY high and in addition their social model doesn't have any sort of real welfare dependency; their households tend to be three generations deep (that is, the younger take care of the older DIRECTLY.)
China is "getting away with it" because they literally murder you or force you into a concentration camp (for real!) if you try to resist. Never mind that communist governments simply lie when it comes to economic statistics and, once again, if you try to challenge it in any sort of "official" way you literally disappear. Even there it's showing cracks -- Taiwan and Hong Kong anyone?
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"Anyone wearing a mask will be presumed to be intending armed robbery and immediately shot in the face. Govern yourself accordingly."
Zappafan
6k posts, incept 2007-11-30
2019-07-29 21:35:18
My understanding of the Medicare/Social Security "lock box" is that it is all BS. Congress looted all the money a long time ago. All that remains are non-marketable IOU's (essentially pieces of paper saying that one arm of the government owes another.)
Keeping the accounting fiction going hides the true deficit, as Karl points out.
But every penny that isn't paid through payroll taxes into the CMS has to come from treasury issuing new debt. They're hiding some of it until the lockbox runs out.
Somebody can correct me if I'm wrong.
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