A Complete Waste of Space

Pudfark wrote:It's a damn shame....ya can't extrapolate that to yer country and our finances?

I don't because, as any person with any intelligence knows, government and personal finance are COMPLETELY different. In government, you establish spending and can then tailor income afterwards. Most people cannot.

Or is yer family wealth? All borrowed?

in an Existential sense, all wealth is 'borrowed'.....but, I don't expect you to get that.

callmeslick wrote:

Pudfark wrote:It's a damn shame....ya can't extrapolate that to yer country and our finances?

I don't because, as any person with any intelligence knows, government and personal finance are COMPLETELY different. In government, you establish spending and can then tailor income afterwards. Most people cannot. I know the difference, you seem to ignore that by what you espouse...'spend now, tax later.'

Or is yer family wealth? All borrowed?

in an Existential sense, all wealth is 'borrowed'.....but, I don't expect you to get that. Oh, I get that from an investment point of view, it's the accumulation I'm questioning?

In addition to what I wrote above in bold...there's an old adage that sez, "You're worth what ya owe." Pretty much how Trump goes at things....and generally speaking, all is well and good and fine? Until the debt is called and ya can't borrow more, because of yer debt to income ratio. Our economy sez yer accumulation of debt theory is killing us. Why? Take a good look around the world and see/realize who would save us....when they can just "take" or call in their debt.

Old Pudfark sez: " Default is yours now by position and opportunity...your default is mine, by association and I grow tired of it and may not bail ya out...this time. "

I knew you wouldn't get it.....

completely off topic, you mention Trump, and I think we're in agreement. I have a friend or two who are neighbors in Florida of his. They, and most of my peers, view him as a joke. His 'wealth' is all a illusion, and I wouldn't be the least surprised if he leaves nothing but debt to his heirs. He's already been to bankruptcy court twice, which requires a net worth below Zero, and seems to be heading there for a third go-round, judging from the fire-sale he's been running over in Atlantic City(sold one property for which he paid 300 million for 19 million), and all he really owns in NYC is his name on some buildings.

Not trying especially to tweak yer nose...or rub it in yer face....but?
Same could be said fer Obama...his "renewable/green energy plan"....other'n Donald got more of his money back, granted not much, than us tax payers.............who got none. Not tryin' to ram that up yer booty hole, just say'n.......nicely.

Pudfark wrote:Not trying especially to tweak yer nose...or rub it in yer face....but?
Same could be said fer Obama...his "renewable/green energy plan"....other'n Donald got more of his money back, granted not much, than us tax payers.............who got none. Not tryin' to ram that up yer booty hole, just say'n.......nicely.

actually, it was a very thoughtful and forward thinking proposal. At some point, and sooner than most think, we are going to have to start the move to non-petroleum energy production/utilization('green energy'). Our global competitors in the world economy subsidize the bejeepers out of this stuff, knowing precisely that it isn't, currently, economically profitable. Obama was trying to get the US up to speed, having the smarts to know what most Americans avoid thinkilng about: at the current pace of things, we will be an economic also-ran nation in a generation or two if we AREN'T on the cutting edge of 'green tech'.

Obama jumped the gun...by a couple hundred years and blew the "capital" prematurely...along with the taxpayers. Every "grand" plan Obama has had/initiated has been an abysmal failure and a financial disaster. The only good news about it? His friends are the only one's who benefitted, other'n the Chinese.

Pudfark wrote:Obama jumped the gun...by a couple hundred years and blew the "capital" prematurely...along with the taxpayers. Every "grand" plan Obama has had/initiated has been an abysmal failure and a financial disaster. The only good news about it? His friends are the only one's who benefitted, other'n the Chinese.

If we wait 20 years, let alone a couple hundred, we condemn our descendants to servitude at the hands of those with forsight.

callmeslick wrote:

Pudfark wrote:Obama jumped the gun...by a couple hundred years and blew the "capital" prematurely...along with the taxpayers. Every "grand" plan Obama has had/initiated has been an abysmal failure and a financial disaster. The only good news about it? His friends are the only one's who benefitted, other'n the Chinese.

If we wait 20 years, let alone a couple hundred, we condemn our descendants to servitude at the hands of those with forsight.

Obama has already condemned our descendants to pay for his mistakes....for the next forty years and green energy still ain't gonna be financially feasible now, during and then. Perhaps, you should google what amortization means and how it applies both to our debt and "green/renewable" energy.

Pud, you act as if Obama has caused some catastrophic rise in debt. He hasn't. At all. In fact, you should be thankful that he and his team were able to manage a recovery while incurring so LITTLE extra deficit spending. More deficit spending was incurred due to Bush(who left it to his sucessor to actually put on the books and pay). Frankly, you are just repeating and/or falling for a load of fairy tales. Not worth dignifying further(taking a page from Darkhorse's noble example).