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Why is the Federal Reserve saying the problem has been fixed instead of the banks? Could it be because the Fed is the one who negotiated thie loophole ridden agreements that allow for the abuses to continiue? Has the Fed become just a mortgage industry mouth piece after buying all those mortgage backed securities?
Well that would be because the government doesnt have any money. They spent the money they took from social securtiy and borrowed from China on top of that.
They could print money to pay the seniors but that would just make what the seniors receive worthless as far as buying goods and services and require higher ...more
Social Security began at a time with most workers had a pension that paid them an income for retirement that was expected to be 10-15 years. Social Security was intended to be a supplement. However as everyone knows todays workers (unless they are unionized) have no pensions. Those that do have pensions still face t...more
Seems to me if they use chained CPI to reflect substitution to cheaper goods that would create a vicious circle. Seniors with reduced income are forced to turn to cheaper lower cost goods and the CPI goes down further reducing their income. Of course deliberately excludes highly inflationary goods from the CPI now to...more
The lead in link blurb says Thanksgiving weekend sales slumped but the headline after the link says they jumped. Which is it? Doesnt make sense to be open if you are going to lose money.
And when our borrowing costs go up on the 16 TRILLION in debt we currently have that will wipe out any defitcit reduction now contemplated. We will be back where we started only worse - no moves left to make. Checkmate.
Wow what a revelation. In the crash of 2008 and 2009 when the entire market declined 40-50% Google went down too.
So we can expect Apple to decline if the market crashes.
Just days before the stock hit 700.00 it was predicted Apple would hit 1000.00 now you predict it will decline 70%? Apparently the only ...more
I wonder if that 500K of new expense is deductible. So at 35% business rate the government will lose 175,000 in revenue and increase the deficit. Also the people left unemployed by Obamacare will not be generating revenue but increasing costs for unemployment, a double whammy.
11/28/2012
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