Comments on: ER (Wed 3rd.)

By: SSanf

SSanf — Fri, 05 Mar 2010 15:12:11 +0000

Well, I am from the …
Well, I am from the baby boom generation. For some reason, I am not too worried about it. Either they keep sending the checks or our kids will have to take us in and provide for us in their homes instead of in places of our own. Or, they will see their parents die in want on the streets. They won’t let their own parents die on the streets and they sure as don’t want us living in the homes they support (they don’t mind living in ours). So, they will pay for us to keep our own places some way

By: BeenInACaveWayToLong

BeenInACaveWayToLong — Fri, 05 Mar 2010 15:12:11 +0000

Just wait another …
Just wait another 10-20 years and see how your example plays out for the baby boomers.

“We’re screwed” takes on a whole new meaning.

Under the current system the baby boomers will never live the standard their parents currently enjoy … no matter how dismal it seems.

By: SSanf

SSanf — Fri, 05 Mar 2010 15:12:11 +0000

You can also add …
You can also add $26 for Medicare part D if you have that. It pays a portion of drug costs but far from all of it. Good luck making ends meet if you have 5 or more medications. If you have less than $1500 a month for retirement or must pay rent or have a car payment, or need any kind of repairs or maintenance, you’re screwed.

By: rayomans

rayomans — Fri, 05 Mar 2010 15:12:11 +0000

I’m trying figure …
I’m trying figure out whether the main export product of Europe these last 10 years has been the Euro itself.

Greeks and Germans in financial war? So what happened to that European unity then? Looks like it’s going, going, gone, before you can say, Bosnia.

By: TheModernMystic

TheModernMystic — Fri, 05 Mar 2010 15:12:10 +0000

BIACWTL,
Yeah, but …
BIACWTL,
Yeah, but not a bad offer by the Chasers, eh?

By: TheModernMystic

TheModernMystic — Fri, 05 Mar 2010 15:12:10 +0000

zen,
I/We have got …
zen,
I/We have got a dozen fruit trees planted in the last two days.
I will do a video when the wind goes away.

By: BeenInACaveWayToLong

BeenInACaveWayToLong — Fri, 05 Mar 2010 15:12:10 +0000

Without a change to …
Without a change to the existing system, the “Government” has the choice to:

1. Borrow the money
2. Increase taxes
3. Print the money
4. Wage war & steal wealth

You can only squeeze a turnip so much … no matter how much that turnip loves dear ‘ole Mom … or “Dad” for that matter. Something has to give … and demanding for the “government” to fix “it” ain’t gonna work when there’s nobody willing to lend and there’s no margin left to tax or print.

To the winner go the spoils.

By: Geodge

Geodge — Fri, 05 Mar 2010 15:12:10 +0000

No such thing as a …
No such thing as a “No-News Day” these days. Greece has been in default approx 100 of its 200 years since independence. Do they learn? No-govt spending is scooting UP as default looms. 1/2+ of GDP is govt spending-and govt workers are out striking rather than working & so govt can’t produce timely & supported #s for their financials. No investor of sound mind would bail Greece out now-so if its rescued it can only mean one thing–money experts now view irrational fiscal policy as our only hope.

By: SSanf

SSanf — Fri, 05 Mar 2010 15:12:10 +0000

Sure, lots of old …
Sure, lots of old people are dumped and abandoned or have no living children to care about them. But, most people have a relationship of some kind with their living parents and do still love them. When Mom loses her home and must be taken in and provided for (often causing disruption to the young family) the young people are going to get up in arms and insist that the SS be continued no matter how the government finances it. They will not stand for it being discontinued when it is their mother.

By: TheModernMystic

TheModernMystic — Fri, 05 Mar 2010 15:12:09 +0000

G, “No investor of …
G, “No investor of sound mind would bail Greece out now”.
Well that maybe true……..but doesn’t exclude EU leaders.