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Your nuts... Most American's would waste every penny of the loan on things they don't need and then get upset the next year when they didn't get another $50,000 (Where's my money?????). Our country would be another $15Trillion in debt and then the economy would crash because we wouldn't have all the stimulus anymore....more
He's been predicting doom and gloom in the stock market for many months however and he's been striking out. I could make a bunch of predictions as well and I'm sure at least one of them would be right.
6 Billion? That doesn't pass the giggle test... 6 Billion won't even fund the government for a day. Anyway it's 2 to 3 Trillion that was borrowed/spent. They will need to raise taxes in order to repay it.
The study is clearly trying to mislead people. While it's true that there was a net decrease in public sector jobs since Obama came into office, ALL of those jobs were at the state and local level. The number of workers at the Federal level (that Obama controls) has increased since he took office. And as the study c...more
This article makes a common mistake...each $$$ is going to either a rich OR non-rich person. Under that scenario it makes sense to raise taxes on the rich. However we live in a global economy and chances are more likely that if the dollar doesn't go to "the rich" then it is lost.
When tax rates on the rich declin...more
The problem with medicare is that people only pay about 1/6 what it actually costs. That worked great when we had a lot of workers per retiree. But consider today we have the lowest job participation rate that most of us have ever seen in our lives. That means we have less workers paying and more people taking. Peo...more
Starting the beginning of this year "the rich" now pay a higher effective tax rate then they did under Clinton. This was because of the recent income tax rate increases and also due to new taxes under Obamacare both of which target the rich only.
The rest of americans are either paying a much lower tax rate then t...more
Mirhaydari has been talking about the stock market going down for months and possibly years. One of these days he's going to be right! A lot of money is being made in the market. Sure the reason for that is bogus (Fed QE) but regardless it's money in peoples pockets. That money in turn is used to create new buisnes...more
"The Social Security trust fund is expected to be exhausted in 2033." That's a bad way to start out an article. There is no real money in the trust fund and there are no real treasuries in the trust fund. Instead there are a bunch of IOUs. Forget about the trust fund. It's a meaningless concept that is only exists...more
3/7/2013
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