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  1. #1 What about our "other" mortgage? 
    Super Moderator BadCat's Avatar
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    With all the talk over the bailout for idiots who gave loans to people they know wouldn't pay them back, another "mortgage" is coming due for America.

    This is the mass retirement of the baby boomers. 2008 is the year that they start retiring, with each one of them fully expecting something back for the large amount of money the government stole from them during their working careers in the name of Socialism.

    How wise would it be, to ring up $750,000,000,000 in debt at a time when the most massive government subsidy in all history is just beginning?

    I bring this up, because I have seen no discussion on it, anywhere. It's coming, and it's going to be BAD.
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  2. #2  
    Quote Originally Posted by BadCat View Post
    With all the talk over the bailout for idiots who gave loans to people they know wouldn't pay them back, another "mortgage" is coming due for America.

    This is the mass retirement of the baby boomers. 2008 is the year that they start retiring, with each one of them fully expecting something back for the large amount of money the government stole from them during their working careers in the name of Socialism.

    How wise would it be, to ring up $750,000,000,000 in debt at a time when the most massive government subsidy in all history is just beginning?

    I bring this up, because I have seen no discussion on it, anywhere. It's coming, and it's going to be BAD.
    We can always count on you to be Little Mister Sunshine. :D
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  3. #3  
    Super Moderator BadCat's Avatar
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    Quote Originally Posted by Gingersnap View Post
    We can always count on you to be Little Mister Sunshine. :D
    The clouds on the horizon are indeed dark, as Congress has spent all the SS money.

    We're trying to address the problem at work, where we have many highly experienced engineers that are retiring. The colleges are not producing enough engineers, and there is no one to "pass the knowledge" to.

    There will not only be a huge financial drain, there will be a huge brain drain as well.
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  4. #4  
    HR Corporate Scum patriot45's Avatar
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    The news shows were saying the phone calls about the bailout were 99-1 against the bailout.
    I am negligible in the market so I'm not getting creamed there and I think there are alot of people that are not investors who do not want to reward these retards with 700 billion of our money.

    The quickest fix - The Fairtax! :D

    : “Grow your own dope. Plant a liberal.”
    ” Obummercare, 20 percent of the time it works everytime.
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  5. #5  
    Super Moderator BadCat's Avatar
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    Quote Originally Posted by patriot45 View Post
    The news shows were saying the phone calls about the bailout were 99-1 against the bailout.
    I am negligible in the market so I'm not getting creamed there and I think there are alot of people that are not investors who do not want to reward these retards with 700 billion of our money.

    The quickest fix - The Fairtax! :D
    I got out of the market when the Dow was at 13406, so it's not bothering me much. But I think the coming HUGE outlay of $$ to the boomers needs to be considered before we put ourselves $700B in debt.
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  6. #6  
    Senior Betwixt Member Bubba Dawg's Avatar
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    This is a big issue.

    An issue that is as big or bigger is Medicare.

    I think that Social Security can be dealt with. it won't be easy, but it can be done.

    Medicare costs can become so great that it could dwarf the ability to pay.

    I think both should and must be addressed togerther. I'm really not sure exactly how.

    I see what you're saying. I agree. I just don't have the answer.

    it is a great concern.
    Hey careful man! There's a beverage here!
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  7. #7  
    HR Corporate Scum patriot45's Avatar
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    Quote Originally Posted by BadCat View Post
    I got out of the market when the Dow was at 13406, so it's not bothering me much. But I think the coming HUGE outlay of $$ to the boomers needs to be considered before we put ourselves $700B in debt.
    Well the feds have proven if you give them what they want, they will not stop there. The floodgates will open with 700 billion, what if they need more.
    I can see it now. We just need to infuse another 500 billion and we will have this licked. And by that time some other entity will need to be bailed out like the Auto industry, or more for government education.
    How about another devastating disaster or God forbid a terrorist attack!

    The fair tax would work.

    : “Grow your own dope. Plant a liberal.”
    ” Obummercare, 20 percent of the time it works everytime.
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  8. #8  
    Super Moderator BadCat's Avatar
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    Quote Originally Posted by patriot45 View Post
    Well the feds have proven if you give them what they want, they will not stop there. The floodgates will open with 700 billion, what if they need more.
    I can see it now. We just need to infuse another 500 billion and we will have this licked. And by that time some other entity will need to be bailed out like the Auto industry, or more for government education.
    How about another devastating disaster or God forbid a terrorist attack!

    The fair tax would work.
    Oh, I'm more for a flat tax. No reason why 40% of Americans pay no income tax at all.
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  9. #9  
    Senior Member AlmostThere's Avatar
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    Quote Originally Posted by BadCat View Post
    How wise would it be, to ring up $750,000,000,000 in debt at a time when the most massive government subsidy in all history is just beginning?
    Considering the folks who are about to start collecting have paid into the system for 40 to 50 years, I'm not sure I'd call it a subsidy.
    Better to die on your feet than live on your knees.
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  10. #10  
    Senior Member wineslob's Avatar
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    Quote Originally Posted by BadCat View Post
    The clouds on the horizon are indeed dark, as Congress has spent all the SS money.
    We're trying to address the problem at work, where we have many highly experienced engineers that are retiring. The colleges are not producing enough engineers, and there is no one to "pass the knowledge" to.

    There will not only be a huge financial drain, there will be a huge brain drain as well.


    Most people don't know that it was spent a long time ago, not just "now". We'll just have to work for 6 months instead of 3-4 to pay for it.
    There's no way you can trust her. Her missile is gigantic
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