OT entitlements (was lighthouses)
 

On 12/06/2010 4:20 PM, nom=de=plume wrote:

Metal is metal. It's not a good measure of wealth, esp. today. The
T-notes represent "value" as best as can be determined by global
markets. The Fed has limited control over that. Inflation is the danger
you're talking about. It's the job of the Fed not to let it get out of
control. They're doing a pretty good job. No reason to think that'll
change.

I really hope no one listens to your nonsense. Buying t-bills is silly,
pathetic and just down right stupid. Simple fact of the mater is rates
can't go lower, and will in time rise. World average is 4-6%. And
congress isn't getting out of this government caused depression of 0.25%
interest rates...oh no.

When the run occurs, look out, those t-bills face value will crumble big
time.

The tax consequences disappear at 59.5 years old. If you are carrying
a big balance on a 29.99% credit card, that 10-15% you will have to
give Sam starts looking very attractive.

Completely untrue. If you liquidate a regular IRA, you have to pay taxes
on whatever you receive over some base amount. There are certainly going
to be people with a 30% rate, but the vast majority won't be in that
situation. And, as I said, it's not going to happen all at once. Where
are the ones who have that rate now? I don't see any run on the banks
happening.

Today you will not see people run to the banks on foot...
electronically, a different mater. What do you think happened 3 weeks
ago on the Thursday dip? Santa Claus?

Wow, you do define stupid.

--
Taxation, modern day slavery. The loss of economic freedom.

Time to trash the Conservatives
 

nom=de=plume wrote:

"Larry" wrote in message
...
nom=de=plume wrote:

"Canuck57" wrote in message
...
On 11/06/2010 9:03 PM, nom=de=plume wrote:

"Canuck57" wrote in message
...
On 11/06/2010 11:56 AM, nom=de=plume wrote:

wrote in message
...
On Fri, 11 Jun 2010 09:12:26 -0400, BAR wrote:

Cut "entitlements."

Helen Thomas wouldn't even have the nerve to say that. ;-)

I feel sorry for her. She could have left the scene as a class act.
Instead...

Funny how everyone slams "entitlements" right up until it
affects their
social security, medicare, police/fire/infrastructure in their
neighborhood, EMT availability, library access, etc. Then, it's
don't
touch. If people don't want entitlements, then they should vote
against
them and vote out any politician that promotes funding them. So
far,
that hasn't happened, and there doesn't appear to be any strong
movement
to do so.

Actually, what the produicers shoudl do, and many are is to move.

Why live in a country where the 2/3rds not paying for it can outvote
the 1/3 that does?

To me, it feels like taxation without representation when the
begars,
liberal losers and pocket pickers out vote the tax paying worker.
Also
known as slavery.

--
Liberalism - a disease of envy, greed, entitlement and KAOS.

What are you ranting about. Your first sentence is not coherent
and the
rest is just a mindless rant.

Who cares how it feels to you??? You're not a citizen. Go complain to
the Canadian gov't. I doubt they'll listen to you either.

You had better care, who is going to pay for your welfare check?

It will not be me for much longer. Me, I plan on retiring early and
most of my assets are tax paid, so

You are right about Canada, they are much further down the road
than the US is. You will figure it out in 10 years. In Canada
many move out of Canada on retirement. I might yet do so.

--
Taxation, modern day slavery. The loss of economic freedom.

You?? YOU???? hahaha... you can barely pay for your beer money.
So you know that to be a fact? How?

Osmosis.


Nice try, moron.

OT entitlements (was lighthouses)
 

On 12/06/2010 4:31 PM, nom=de=plume wrote:

"Canuck57" wrote in message
...
On 12/06/2010 2:33 PM, Moose wrote:
wrote in message
...
On 12/06/2010 9:48 AM, wrote:
On Sat, 12 Jun 2010 09:37:25 -0600,
wrote:

On deduction that should be phased out is mortgage tax
deductability as
you get older. Say at 20 you get the full benefit, but as you get
older
say to 50 it disappears. Encouraging people to have their homes 100%
paid for in due time. That is, reduce mortgage deductabiltiy
encouraging equity in the home.

So when the economy tiffs, they are less likely to toss the keys
to the
repo man. And be in a hell of a lot better position for retirement.
But this would be progressive and will not happen as the US
economy is
now built on debt that is going delinquent.

The other deduction that should go is the "2d home" mortgage
deduction. That is what fueled the "want house" market at the expense
of the taxpayer.

Don't know what the 2d was. But if BMBO (Big Mouth Barrack Obama)
wanted
to solve the problems:

1) Declining benefits of mortgage deducability with age. Ok as a start,
but designed to encourage home equity not big debt.

2) If you don't have 20% down, pretty darned good chance you can't
afford
it.

3) Factor in kids and lifestyle. There is more to good finances than
how
much you can pay. Kids eat crap as parents are "house poor".

4) If a loan puts you over $20k total debt, then you need to graduate a
personal debt and finace course test first. Or no debt.

5) Stop the Fed banks from undervaluing cost of debt, reward
depositors.
Stop slighting people who do it right for the losers.

Obama however is a spend crazy jack ass. Selling out USA...

--
Taxation, modern day slavery. The loss of economic freedom.

The key word is Jackass. That's how history will remember him.

Yep. As history hasn't been written yet. People in 3 years will get to
do that.

Are you going spekll crazy too?

--
Taxation, modern day slavery. The loss of economic freedom.

Vote for Palin. Oh wait, you can't vote...

Does not mater. US democracy is a ruse. All the best government
criminals can buy.

--
Taxation, modern day slavery. The loss of economic freedom.

Time to trash the Conservatives
 

"nom=de=plume" wrote in message
...

"Moose" wrote in message
...

"nom=de=plume" wrote in message
...

"Canuck57" wrote in message
...
On 12/06/2010 1:05 PM, Moose wrote:
wrote in message
...

wrote in message
...
On 11/06/2010 10:50 PM, nom=de=plume wrote:

wrote in message
...
nom=de=plume wrote:

wrote in message
...


wrote in message
...
On 11/06/2010 11:56 AM, nom=de=plume wrote:

wrote in message
...
On Fri, 11 Jun 2010 09:12:26 -0400,
wrote:

Cut "entitlements."

Helen Thomas wouldn't even have the nerve to say that. ;-)

I feel sorry for her. She could have left the scene as a class
act.
Instead...

Funny how everyone slams "entitlements" right up until it
affects
their
social security, medicare, police/fire/infrastructure in their
neighborhood, EMT availability, library access, etc. Then,
it's
don't
touch. If people don't want entitlements, then they should
vote
against
them and vote out any politician that promotes funding them.
So
far,
that hasn't happened, and there doesn't appear to be any
strong
movement
to do so.

Actually, what the produicers shoudl do, and many are is to
move.

Why live in a country where the 2/3rds not paying for it can
outvote the 1/3 that does?

To me, it feels like taxation without representation when the
begars, liberal losers and pocket pickers out vote the tax
paying
worker. Also known as slavery.


Uh...did you say you weren't working at this time?

He's unemployable.


And you know that to be a fact because...Harry said so?

It's so obvious... he can't really speak English. He rants like a
crazy
man. Actually, he might be employed, but I doubt it's more than in
a
day-laborer capacity.

Jeez, said the unemployable envious slug....


--
Taxation, modern day slavery. The loss of economic freedom.

You're the one who's always ranting about the sky fall numnuts.
How would you like it if we started talking about your privates. Try
to show
a modicom of decency around here, Emanuela.

Don't worry, if de-fumer came after my nuts, I would run like hell.
She-it must be a real ball breaker.

--
Taxation, modern day slavery. The loss of economic freedom.

You have nuts?? Oh, you're talking what passes for balls. Nope. You
don't have any of those.
(Um!),Now you are taking inventory of some poor guy's junk. How low can
you go, you stalking piece of ****e?


So, you're claiming he has balls? How would you know? Did you check?


You're sick!

OT entitlements (was lighthouses)
 

"Canuck57" wrote in message
...
On 12/06/2010 4:20 PM, nom=de=plume wrote:

Metal is metal. It's not a good measure of wealth, esp. today. The
T-notes represent "value" as best as can be determined by global
markets. The Fed has limited control over that. Inflation is the danger
you're talking about. It's the job of the Fed not to let it get out of
control. They're doing a pretty good job. No reason to think that'll
change.

I really hope no one listens to your nonsense. Buying t-bills is silly,
pathetic and just down right stupid. Simple fact of the mater is rates
can't go lower, and will in time rise. World average is 4-6%. And
congress isn't getting out of this government caused depression of 0.25%
interest rates...oh no.

When the run occurs, look out, those t-bills face value will crumble big
time.

The tax consequences disappear at 59.5 years old. If you are carrying
a big balance on a 29.99% credit card, that 10-15% you will have to
give Sam starts looking very attractive.

Completely untrue. If you liquidate a regular IRA, you have to pay taxes
on whatever you receive over some base amount. There are certainly going
to be people with a 30% rate, but the vast majority won't be in that
situation. And, as I said, it's not going to happen all at once. Where
are the ones who have that rate now? I don't see any run on the banks
happening.

Today you will not see people run to the banks on foot... electronically,
a different mater. What do you think happened 3 weeks ago on the Thursday
dip? Santa Claus?

Wow, you do define stupid.

--
Taxation, modern day slavery. The loss of economic freedom.

Oh be quiet. The adults are talking.

OT entitlements (was lighthouses)
 

wrote in message
...
On Sat, 12 Jun 2010 15:20:58 -0700, "nom=de=plume"
wrote:

Treasury notes are really nothing but paper that represents whatever
the fed says the money supply should be. It is like electricity in the
grid, you can't really store money if you are the guy who prints it.
It would only result in a decrease in the money supply.
When metal was the standard, your government was as rich as the metal
they held. Everything else was an IOU. We abandoned the metal standard
and made all of our money IOUs. I can understand the justification but
it comes with the danger of simply printing money and that can degrade
into hyper-inflation. These days they call that "monetizing the debt".
You balance the books but your money becomes worthless.
That is the fear in the EU with the P.I,G.S. They are writing checks
they do not have the money to cash and dragging down the Euro for the
countries who do have fiscal responsibility.

Metal is metal. It's not a good measure of wealth, esp. today. The T-notes
represent "value" as best as can be determined by global markets. The Fed
has limited control over that. Inflation is the danger you're talking
about.
It's the job of the Fed not to let it get out of control. They're doing a
pretty good job. No reason to think that'll change.


The real question still comes down to what the world will pay for our
paper. Most of our debt is in short term notes. All it will take to
bury us is for that interest rate we need to make our paper attractive
go up to 7 or 8%
The only reason they like the dollar is the rest of the western
economies are in worse trouble than we are.

Well, the world isn't having much of a problem so far. With all the trouble
in Europe, the money seems to be invested in the US even more lately, as you
said... they are in worse shape. China isn't going to do much, given they
would lose lots and be much worse off if they decided to pull out of their
investment in a precipitous fashion.


Not really... there are always foolish people, but there are lots of
people
already in debt who don't pull out their money. As I said, the tax
consequences alone usually give people pause. Many boomers are in debt
in
one form or another... mortgages are a good example. Most people think
of
their home as an asset, but if you owe money, it's really a liability...
certainly one kind of liability that's easy to live with, even in
retirement.


The tax consequences disappear at 59.5 years old. If you are carrying
a big balance on a 29.99% credit card, that 10-15% you will have to
give Sam starts looking very attractive.


Completely untrue. If you liquidate a regular IRA, you have to pay taxes
on
whatever you receive over some base amount. There are certainly going to
be
people with a 30% rate, but the vast majority won't be in that situation.
And, as I said, it's not going to happen all at once. Where are the ones
who
have that rate now? I don't see any run on the banks happening.

You don't need all the boomers to liquidate all of their 401k/IRA
holding to seriously impact the markets, you just need the hint that
they will and some movement in that direction. The rumor of a run on
one stock caused the Dow to lose 1000 points in about 15 minutes.


There is no such hint. That particular drop still hasn't been fully
explained, and banks have failed in greater numbers in previous years. No
run on banks happened then either.

OT entitlements (was lighthouses)
 

wrote in message
...
On Sat, 12 Jun 2010 15:30:23 -0700, "nom=de=plume"
wrote:

Tyler again. As long as people get to vote for the taxes they pay they
will always vote themselves a "generous benefit"

So, I ask again, what's your solution? Take away their ability to vote??


There isn't any real solution. That is the problem.
We are like alcoholics. There is not going to be a fix until we hit
absolute rock bottom and come away with a whole new way to live.
We keep "fixing" our economy by borrowing more money and promising if
we get away with it this time, we will never do it again. We still
never pay the debt back.
I really think this recession/depression thing will end the same way
the last one did, in a global war.
Our biggest problem is there are not enough people alive today who
remember that things don't really have to go well and things do not
always come out OK in the end.

One solution might be to use nudge psychology....

http://www.guardian.co.uk/politics/2...conservatives1

Again, there's no expectation of "global" war. Who exactly are we going to
fight that's capable of any kind of sustained major campaign??

I totally disagree with your last thought. Things pretty much have always
"come out OK in the end." I can't think of a huge problem that didn't
eventually find some resolution... Fascism, racism (well, it's a work in
process), communism (even China isn't really an economic communistic state,
so that leave N. Korea?)...

OT entitlements (was lighthouses)
 

"Canuck57" wrote in message
...
On 12/06/2010 4:31 PM, nom=de=plume wrote:

"Canuck57" wrote in message
...
On 12/06/2010 2:33 PM, Moose wrote:
wrote in message
...
On 12/06/2010 9:48 AM, wrote:
On Sat, 12 Jun 2010 09:37:25 -0600,
wrote:

On deduction that should be phased out is mortgage tax
deductability as
you get older. Say at 20 you get the full benefit, but as you get
older
say to 50 it disappears. Encouraging people to have their homes 100%
paid for in due time. That is, reduce mortgage deductabiltiy
encouraging equity in the home.

So when the economy tiffs, they are less likely to toss the keys
to the
repo man. And be in a hell of a lot better position for retirement.
But this would be progressive and will not happen as the US
economy is
now built on debt that is going delinquent.

The other deduction that should go is the "2d home" mortgage
deduction. That is what fueled the "want house" market at the expense
of the taxpayer.

Don't know what the 2d was. But if BMBO (Big Mouth Barrack Obama)
wanted
to solve the problems:

1) Declining benefits of mortgage deducability with age. Ok as a
start,
but designed to encourage home equity not big debt.

2) If you don't have 20% down, pretty darned good chance you can't
afford
it.

3) Factor in kids and lifestyle. There is more to good finances than
how
much you can pay. Kids eat crap as parents are "house poor".

4) If a loan puts you over $20k total debt, then you need to graduate
a
personal debt and finace course test first. Or no debt.

5) Stop the Fed banks from undervaluing cost of debt, reward
depositors.
Stop slighting people who do it right for the losers.

Obama however is a spend crazy jack ass. Selling out USA...

--
Taxation, modern day slavery. The loss of economic freedom.

The key word is Jackass. That's how history will remember him.

Yep. As history hasn't been written yet. People in 3 years will get to
do that.

Are you going spekll crazy too?

--
Taxation, modern day slavery. The loss of economic freedom.

Vote for Palin. Oh wait, you can't vote...

Does not mater. US democracy is a ruse. All the best government
criminals can buy.

--
Taxation, modern day slavery. The loss of economic freedom.

You're pretending to be sane... fyi, it's not convincing.

Time to trash the Conservatives
 

"Moose" wrote in message
...

"nom=de=plume" wrote in message
...

"Moose" wrote in message
...

"nom=de=plume" wrote in message
...

"Canuck57" wrote in message
...
On 12/06/2010 1:05 PM, Moose wrote:
wrote in message
...

wrote in message
...
On 11/06/2010 10:50 PM, nom=de=plume wrote:

wrote in message
...
nom=de=plume wrote:

wrote in message
...


wrote in message
...
On 11/06/2010 11:56 AM, nom=de=plume wrote:

wrote in message
...
On Fri, 11 Jun 2010 09:12:26 -0400,
wrote:

Cut "entitlements."

Helen Thomas wouldn't even have the nerve to say that. ;-)

I feel sorry for her. She could have left the scene as a
class act.
Instead...

Funny how everyone slams "entitlements" right up until it
affects
their
social security, medicare, police/fire/infrastructure in
their
neighborhood, EMT availability, library access, etc. Then,
it's
don't
touch. If people don't want entitlements, then they should
vote
against
them and vote out any politician that promotes funding them.
So
far,
that hasn't happened, and there doesn't appear to be any
strong
movement
to do so.

Actually, what the produicers shoudl do, and many are is to
move.

Why live in a country where the 2/3rds not paying for it can
outvote the 1/3 that does?

To me, it feels like taxation without representation when the
begars, liberal losers and pocket pickers out vote the tax
paying
worker. Also known as slavery.


Uh...did you say you weren't working at this time?

He's unemployable.


And you know that to be a fact because...Harry said so?

It's so obvious... he can't really speak English. He rants like a
crazy
man. Actually, he might be employed, but I doubt it's more than in
a
day-laborer capacity.

Jeez, said the unemployable envious slug....


--
Taxation, modern day slavery. The loss of economic freedom.

You're the one who's always ranting about the sky fall numnuts.
How would you like it if we started talking about your privates. Try
to show
a modicom of decency around here, Emanuela.

Don't worry, if de-fumer came after my nuts, I would run like hell.
She-it must be a real ball breaker.

--
Taxation, modern day slavery. The loss of economic freedom.

You have nuts?? Oh, you're talking what passes for balls. Nope. You
don't have any of those.
(Um!),Now you are taking inventory of some poor guy's junk. How low can
you go, you stalking piece of ****e?


So, you're claiming he has balls? How would you know? Did you check?


You're sick!


I'd rather be sick that stupid.

Time to trash the Conservatives
 

"Larry" wrote in message
...
nom=de=plume wrote:

"Larry" wrote in message
...
nom=de=plume wrote:

"Canuck57" wrote in message
...
On 11/06/2010 9:03 PM, nom=de=plume wrote:

"Canuck57" wrote in message
...
On 11/06/2010 11:56 AM, nom=de=plume wrote:

wrote in message
...
On Fri, 11 Jun 2010 09:12:26 -0400, BAR wrote:

Cut "entitlements."

Helen Thomas wouldn't even have the nerve to say that. ;-)

I feel sorry for her. She could have left the scene as a class act.
Instead...

Funny how everyone slams "entitlements" right up until it affects
their
social security, medicare, police/fire/infrastructure in their
neighborhood, EMT availability, library access, etc. Then, it's
don't
touch. If people don't want entitlements, then they should vote
against
them and vote out any politician that promotes funding them. So
far,
that hasn't happened, and there doesn't appear to be any strong
movement
to do so.

Actually, what the produicers shoudl do, and many are is to move.

Why live in a country where the 2/3rds not paying for it can outvote
the 1/3 that does?

To me, it feels like taxation without representation when the
begars,
liberal losers and pocket pickers out vote the tax paying worker.
Also
known as slavery.

--
Liberalism - a disease of envy, greed, entitlement and KAOS.

What are you ranting about. Your first sentence is not coherent and
the
rest is just a mindless rant.

Who cares how it feels to you??? You're not a citizen. Go complain to
the Canadian gov't. I doubt they'll listen to you either.

You had better care, who is going to pay for your welfare check?

It will not be me for much longer. Me, I plan on retiring early and
most of my assets are tax paid, so

You are right about Canada, they are much further down the road than
the US is. You will figure it out in 10 years. In Canada many move
out of Canada on retirement. I might yet do so.

--
Taxation, modern day slavery. The loss of economic freedom.

You?? YOU???? hahaha... you can barely pay for your beer money.
So you know that to be a fact? How?

Osmosis.


Nice try, moron.

I guess you aren't familiar with that term either. I don't see why, you have
nothing on plants.