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Old 06-03-2013, 04:27 PM   #926
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Default Re: Discussion: The Economy, Fiscal Cliff, National Debt, And Other Financial Issues

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I think you're really delusional about the motivations of the GOP, while they haven't offered an alternative to Obamacare, their efforts to repeal Obamacare are ideological due to the expansion of government regulation, the increase in taxes, and overall bureaucratic mess that the bill represents. It's not meant for show, they actually want to get rid of the bill because they are genuinely opposed to it. And many members of Congress were elected to do things like that.
So let's see if the Bill to repal Obamacare passes the house it then

1. Has to be brought up in the Senate
2. has to pass in the Senate
3. Obama has to sign it

So of the 3 things that need to happen, the first is very unlikely, the second is even more unlikely and the third will never happen. So yes it's a lost cause just done for show but hey they creeping on 50 tries, so maybe the 51st will be free.

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Old 06-03-2013, 04:31 PM   #927
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Default Re: Discussion: The Economy, Fiscal Cliff, National Debt, And Other Financial Issues

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So let's see if the Bill to repal Obamacare passes the house it then

1. Has to be brought up in the Senate
2. has to pass in the Senate
3. Obama has to sign it

So of the 3 things that need to happen, the first is very unlikely, the second is even more unlikely and the third will never happen. So yes it's a lost cause just done for show but hey they creeping on 50 tries, so maybe the 51st will be free.
Of course it's not ever going to happen. To think that a repeal of Obamacare would succeed is just flat out delusional. You're completely missing the point.

The reality is that a good chunk of the GOP delegation were elected in very conservative districts (that have become even more conservative through gerrymandering) and they were elected specifically to oppose the Obama agenda. Doing things like holding symbolic (but utterly pointless) votes to repeal Obamacare is their way of trying to fulfill their promises to their constituents the best they can. And the GOP House leadership has no choice but to go along with it because they hold no control over these Tea Party inspired members.

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Old 06-03-2013, 04:32 PM   #928
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Default Re: Discussion: The Economy, Fiscal Cliff, National Debt, And Other Financial Issues

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Of course it's not ever going to happen. To think that a repeal of Obamacare would succeed is just flat out delusional. You're completely missing the point.

The reality is that a good chunk of the GOP delegation was elected in very conservative districts (that have become even more conservative through gerrymandering) and they were elected specifically to oppose the Obama agenda. Doing things like holding symbolic (but utterly pointless) votes to repeal Obamacare is their way of trying to fulfill their promises to their constituents the best they can.
So they basically wasting time and money to try prove a point. Great government there. I get it though(do something to please your base), bring it up once a year to make a point, but 37 times is beyond ridiculous. It's as if the Republicans have a bad case of A.D.D. and can't do anything productive till they get beyond that one thing that will never change

Here is the problem with constantly going after Obamacare. It might help the Republican party in gerrymandered congressional districts, but it makes the party in a bigger picture(Senate and President races) look useless and will turn off independents who don't have a dog in the fight that just wants a government that does it's job competently

Bold prediction here, in 2014 the Republicans constantly making Obamacare an issue(as if it's the only thing that is important) will cost them a few Senate seats and give the Democrats a net gain in the House(but not enough for a majority)


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Old 06-03-2013, 04:38 PM   #929
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Default Re: Discussion: The Economy, Fiscal Cliff, National Debt, And Other Financial Issues

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So they basically wasting time and money to try prove a point. Great government there. I get it though(do something to please your base), bring it up once a year to make a point, but 37 times is beyond ridiculous
Oh I totally agree that it's ridiculous, but there is a basis for it beyond just for show. IMO, it really shows the weaknesses of both Congressional leadership and the Obama Administration for not being able to calm down the Tea Party inspired members.

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Old 06-03-2013, 04:41 PM   #930
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Default Re: Discussion: The Economy, Fiscal Cliff, National Debt, And Other Financial Issues

Ladies and gentlemen, please stop on this issue. In spite of attempts by the Republicans to circumvent the President's efforts, he has helped create and/or save jobs as well as helped stimulate the economy. You can find his record on job growth here: http://www.whitehouse.gov/snapshots/...-american-jobs. Since 2009, there have been over 6.8 million jobs added by the private sector and there still are plans to add more.

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Old 06-03-2013, 04:47 PM   #931
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Ladies and gentlemen, please stop on this issue. In spite of attempts by the Republicans to circumvent the President's efforts, he has helped create and/or save jobs as well as helped stimulate the economy. You can find his record on job growth here: http://www.whitehouse.gov/snapshots/...-american-jobs. Since 2009, there have been over 6.8 million jobs added by the private sector and there still are plans to add more.
It's those private sector jobs that are killing us(your police officers, teachers, etc). You know those "Big Government" jobs that the Republicans love to demigog. I am guessing the amount of private sector jobs lost somewhat equals out the increase in private sector jobs.

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Old 06-03-2013, 04:59 PM   #932
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It's those private sector jobs that are killing us(your police officers, teachers, etc). You know those "Big Government" jobs that the Republicans love to demigog. I am guessing the amount of private sector jobs lost somewhat equals out the increase in private sector jobs.
You mean public sector jobs.

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Old 06-03-2013, 05:00 PM   #933
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You mean public sector jobs.
Opps yeah I ment the decrease in Public Sector "Big Government" jobs that Republicans seem to hate

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Old 06-12-2013, 03:25 PM   #934
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Default Re: Discussion: The Economy, Fiscal Cliff, National Debt, And Other Financial Issues

Why is no one talking about the sequester? You know...the thing where congress is allowing people to die from lack of cancer treatment in order to ease the budget a little.

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Old 06-13-2013, 07:06 AM   #935
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Default Re: Discussion: The Economy, Fiscal Cliff, National Debt, And Other Financial Issues

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Why is no one talking about the sequester? You know...the thing where congress is allowing people to die from lack of cancer treatment in order to ease the budget a little.
And where did you get this?

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Old 06-13-2013, 08:07 AM   #936
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And where did you get this?
http://www.mesotheliomaadvice.org/th...rug-shortages/

http://news.yahoo.com/blogs/ticket/s...092336101.html

Many clinics focuses on cancer treatment have shut down or are forced to turn away people in need of cancer treatment, forcing people to go to hospitals where there is a shortage...which in turns forces doctors to decide who lives and who dies. ALL due to the sequester.

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Old 06-23-2013, 11:40 AM   #937
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Default Re: Discussion: The Economy, Fiscal Cliff, National Debt, And Other Financial Issues

In all the doom and gloom, here's some good news. Now if the government will just follow our lead. Wait, the government do what should be done....HAHAHAAHAHAHAAHAHAHAAA... But still good news.

http://www.economist.com/news/united...erballandchain

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Old 07-08-2013, 12:19 PM   #938
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Default Re: Discussion: The Economy, Fiscal Cliff, National Debt, And Other Financial Issues

How will the FDIC raising the key leverage ratio for bank balance sheets effect financial sector stocks in the short term? Anyone know?

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Old 07-08-2013, 06:03 PM   #939
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Default Re: Discussion: The Economy, Fiscal Cliff, National Debt, And Other Financial Issues

Robert Reich is smarter than this, but I imagine he's counting on the HuffPo readers to not be--and, if reading the comments section of any given article is any indication, there appears to a good number of them whose intellectual bulbs shine rather dimly.

Why Republicans Want to Tax Students and Not Polluters

http://www.huffingtonpost.com/robert...b_3560596.html

He starts out well (although I oppose government using taxation to encourage or discourage certain behaviors, he at least acknowledges the effect of taxation on behavior):

Quote:
A basic economic principle is government ought to tax what we want to discourage, and not tax what we want to encourage.
A good start, and one that is completely non-partisan. But, then he goes on into full-blown partisan hand-wringing:

Quote:
Earlier this year the Republican-led House passed a bill pegging student-loan interest rates to the yield on the 10-year Treasury note, plus 2.5 percentage points. "I have very little tolerance for people who tell me that they graduate with $200,000 of debt or even $80,000 of debt because there's no reason for that," Rep. Virginia Foxx (R-NC), the co-sponsor of the GOP bill, said.

Republicans estimate this will bring in around $3.7 billion of extra revenue, which will help pay down the federal debt.

In other words, it's a tax -- and one that hits lower-income students and their families.
Hey, if you raise the interest rate, you raise the cost of borrowing, and you raise the amount of money coming out of someone's pocket. That's math. That's a fact. I don't think anyone with even the slightest understanding of reality could or would dispute that. He wants to call it a tax? Fine (even though it really isn't). Tax, penalty, higher rate . . . call it what you will: At the end of the day, it results in the individual having less disposable income.

He then goes on a typical liberal rant, berating Republicans for opposing taxation of energy producers:

Quote:
Meanwhile, the Koch brothers -- whose companies are among America's 20 worst air-polluters -- have long been intent on blocking a carbon tax or a cap-and-trade system. And they, too, have been donating generously to Republicans to do their bidding.

We should be taxing polluters and not taxing students. The GOP has it backwards because its patrons want it that way.
Look at that bolded part. Yeah! Get those polluters! Tax the polluters and not the students!

But, there's a tiny problem with his argument (and by "tiny," I mean "huge"), and here's where a little critical thinking goes a long way:

As we've already established, if the interest rate is raised, the cost of borrowing goes up. Assuming they borrowed the same amount at the same rate, two college grads will pay X amount of increased interest (one makes $35,000 and the other $75,000). If they pay the same excess interest, it clearly impacts the disposable income of the $35k earner more than the $75k earner. It does have a regressive effect.

But carbon taxes, more taxes, and cap-and-trade (those darlings of the left) raise the cost of doing business to the energy producer. The likely result of that increased cost is that it gets passed along to the consumer in terms of increased energy rates--hey, Obama even said so in this YouTube video talking about his cap-and-trade plan. Now, let's say the electricity rate goes up. The $35k and $75k college grads see their electric bills go up by $20 a month. Who is going to be more impacted by the rate increase? That's right--the $35k earner who has less disposable income available (and thus another regressive effect). Reich is criticizing Republicans for supporting a "tax" in the form of higher interest, while he supports a "tax" in the form of higher energy rates (by supporting taxes/cap-and-trade on energy producers).

So really, Reich is just a hypocrite--he doesn't mind hitting the poor in their pocketbooks, as long as it supports leftist causes. He's just counting on his readers not to connect the dots.

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Old 07-10-2013, 04:35 PM   #940
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Found out we're screwed due to a loan we took through Chase a while back. We now own more on the house than what it's worth bt $30k. It's easy to see us in the future being one of the many houses in our neighborhood who had to abandon their home. My whole neighborhood is starting to look pretty empty. No way to fix it either, Chase already said we can't adjust.

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Old 07-10-2013, 04:46 PM   #941
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Default Re: Discussion: The Economy, Fiscal Cliff, National Debt, And Other Financial Issues

Did your rate adjust upwards or something?

Because if you're not planning to sell right now, then it doesn't really effect you. You just need to wait for housing prices to go back up, which they are.

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Old 07-11-2013, 08:14 AM   #942
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Did your rate adjust upwards or something?

Because if you're not planning to sell right now, then it doesn't really effect you. You just need to wait for housing prices to go back up, which they are.
They did last year by about $100 a month. Not sure if they will this year. If they do I won't be able to afford it. I'll just walk away.

Chase won't even talk to us about it now. lol

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Old 07-11-2013, 06:52 PM   #943
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I love the comment that there's no reason for anyone to have $200,000,or even $80,000, of student loan debt. considering that's what my wife has hanging over us,200,000. due to the fact she had to get 3 degrees to become the Nurse Practitioner that she wanted to be. and,of course,no one wants to hear anything about financial aid or even partial forgiveness. the total payment each month is $1,500. which,i might add,is more than DOUBLE what out mortgage is each month. they say college education is the way people need to go now to get good jobs. except,when you can't afford to get that education,or when you do it puts you in the poorhouse.

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Old 07-11-2013, 07:08 PM   #944
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Default Re: Discussion: The Economy, Fiscal Cliff, National Debt, And Other Financial Issues

It's a catch-22.

Financial aid is provided so more people can go to college.

Demand for college goes up.

Price goes up to offset the additional costs of more students.

So the need for financial aid goes up.

So price goes up.

So the need for financial aid goes up.

on and on and on


Until they increase supply with more schools to better meet demand and bring price down, there's no real way to prevent students from racking up the debt.

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Old 07-12-2013, 01:46 PM   #945
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exactly. the only way to not rack up huge student debt loans...is to not go to school.

for Reich to say he has no tolerance for students who rack up these huge debts...just...wow.

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Old 07-15-2013, 10:41 PM   #946
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Oh joy. Seems like over a trillion dollars of defense spending is unaccounted for.

http://ivn.us/infographics/2013/07/1...accounted-for/

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Old 07-15-2013, 10:49 PM   #947
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Default Re: Discussion: The Economy, Fiscal Cliff, National Debt, And Other Financial Issues

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Oh joy. Seems like over a trillion dollars of defense spending is unaccounted for.

http://ivn.us/infographics/2013/07/1...accounted-for/
Sadly that is nothing new.

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Old 07-15-2013, 11:41 PM   #948
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Oh joy. Seems like over a trillion dollars of defense spending is unaccounted for.

http://ivn.us/infographics/2013/07/1...accounted-for/
Just audit Weapon Manufacturer spreadsheets, I am guessing you will find a decent amount there

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Old 07-16-2013, 12:29 PM   #949
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Oh please, this isn't just in the Defense Department, it is across our government as a whole. There is so much excess and unaccounted for money being spent out there it is sickening.

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Old 07-18-2013, 02:20 PM   #950
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So let's see if the Bill to repal Obamacare passes the house it then

1. Has to be brought up in the Senate
2. has to pass in the Senate
3. Obama has to sign it

So of the 3 things that need to happen, the first is very unlikely, the second is even more unlikely and the third will never happen. So yes it's a lost cause just done for show but hey they creeping on 50 tries, so maybe the 51st will be free.
Oh man, I REALLY hope Obamacare gets sunk soon...I'm not sure the country could handle that disaster.

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