dwight wrote:
> "Michael Johnson" <cds@[EMAIL PROTECTED]
> wrote in message
> news:5eCdnWbds-Hm0jfanZ2dnUVZ_hisnZ2d@[EMAIL PROTECTED]
>> Joe wrote:
>>> Michael Johnson <cds@[EMAIL PROTECTED]
> wrote in
>>> news:1dGdncky_LTtSTTanZ2dnUVZ_rSrnZ2d@[EMAIL PROTECTED]
>>>
>>>> Joe wrote:
>>>>> <big snip>
>>>>>
>>>>> And we've come full circle back to how to change the system so that
>>> it
>>>>> actually works...
>>>> Looking at the past it seems to me that something catastrophic has to
>>>> occur to the general population before serious action is demanded by
>>> the
>>>> public. You can see it happening with Obama. His sup****ters really
>>>> want to believe the words coming out of his mouth but his is just a
>>>> typical tax and spend politician. They think that since his skin is
>>>> black he will actually change things. He won't change anything. All
>>>> this stuff he claims he will deliver would bankrupt us in short order
>>> so
>>>> he isn't the answer.
>>> We're already bankrupt. :) BTW, thanks for trimming the thread.
>> No problem on the trimming. My scroll down key was getting ready to
>> suffer a heart attack.
>>
>>>> Like I said to Dwight, people will only demand real change when they
>>> are
>>>> punched square in the face by hard****p. I think this day is coming
>>> soon
>>>> and will be brought about by the collapse of the social security
>>> system
>>>> resulting from the retirement of the baby boomers. Then it will take
>>> a
>>>> leader that can clearly, effectively and truthfully explain the
>>> problems
>>>> and their solutions and promote them to act. I also think this
person
>>>> will have to be outside the two party system.
>>> You've got a good point about social security. I'm on the tail end,
so
>>> I'll probably get what I'm expecting (or close to it). But when
younger
>>> people realize that they're paying into a system that won't return
>>> anything to them, maybe they'll actually force some change.
>> I think it will hit many of the baby boomers. Just wait until the day
>> comes when they need certain medical treatments and the government
won't
>> approve the it. There is a gender war coming in this country. It will
>> pit the working people against the retirees because the working
people's
>> taxes are going to go through the roof to pay for the entitlements of
the
>> boomers if they aren't trimmed substantially.
>>
>>> At any rate, I think the doomsday you speak of is right around the
>>> corner, at least fiscally. Just a few observations:
>>> * The housing market is in the crapper
>> The housing market will rebound one more time, IMO. Then the flood of
>> houses on the market from the boomers will be the real killer of the
>> housing market for quite some time. Many won't be able to afford their
>> mortgages on social security checks and they don't have enough
retirement
>> savings to make up the difference. They will be going to senior
>> apartments for the cheap rent. The result is a continual flood of
housing
>> being dumped on the market for years and years. The only thing that
can
>> possibly keep this from happening is to allow much more legal
immigration
>> to bolster up the work force numbers.
>>
>>> * The service sector is way down
>> This will be OK, IMO. The boomers will need a lot of services and many
>> will take the "Walmart greeter" type jobs to make ends meet.
>>
>>> * Inflation is edging higher
>> I know you don't agree but so far inflation has been kept at bay
overall.
>> The government will do anything to keep inflation low and has done that
>> over the past several decades.
>>
>>> * Return on investments is in the crapper due to the fed's rate cuts
>> This is a real problem area. If we lose foreign investment capital
then
>> it will be real ugly for businesses.
>>
>>> * Banks and lenders are collapsing all over the place
>> This will all shake out over time. We have got through past banking
>> problems and this is just the latest one. It is the possible lack of
>> foreign capital that could be the big problem for banks, IMO.
>>
>>> * We're about to enter a big, fat recession
>> I don't know if I would say that just yet or how bad it will be. The
rate
>> cuts will help but they take 6-12 months to show results. I have been
>> saying for the past 1.5 years that the Fed has been extremely negligent
in
>> dealing with the housing market problems. The economy can't continue
to
>> be healthy with such a large component tanking severely. I'm in the
land
>> development business and can tell you the housing market is in VERY bad
>> condition. Think of all the services and products associated with
>> building and furni****ng a new house. It ripples through all kinds of
>> industries and service businesses. It is now dragging the rest of the
>> economy down. The feds should have started cutting the prime 18 months
>> ago.
>>
>>> Better buckle your seat belt.
>> Let me tell you something. With the housing market in horrible shape I
am
>> already fully **** hammered. I can't get any lower and I might be
getting
>> a lot of company in the economic dungeon before long. Shall I save
anyone
>> a seat?
>
> Oh, you guys worry too much.
>
> We're going to add 20,000,000 Mexicans to the tax rolls, so us tail-end
> boomers don't need to worry. It's the people in their 30s, possibly 40s,
> that can kiss Social Security goodbye.
Wait until you are 85 years old and have a tumor the size of a small
child growing on you somewhere. Then the government doctor says you're
too old for an operation and chemotherapy or they just put you on the
"list". The trouble is the "list" is for getting you a casket.
My mother-in-law was a life long Democrat. Voted for FDR and stuck by
Bill Clinton even though she knew he had *** with that woman. She was a
WAC in the Army during WWII and believed that the government was going
to take care of her in her older years. Then she became too stricken
with Alzheimer's disease to stay on her own or to live with family
without some supervision through the day. Well, she was supposed to get
admittance to a VA assisted living facility and they denied her a place
there. When she heard this she looked at my wife, her daughter, and
said "They lied to me didn't they?" She finally knew the truth that the
government wasn't going to deliver more than the bare minimum and
nothing else. She ended up with terminal cancer before she had to leave
the apartment and spent her last months in a nursing home.
We are all going to come to the same realization one day. The smart
ones will have prepared for it but the majority of baby boomers will not
have. Then when they need assistance beyond a social security check the
government will take every penny and possession they have until NOTHING
is left. They did this very thing with my Mother.
Dwight, do you really think 20,000,000 Mexicans earning minimum wage are
going to make a dent in the tab the boomers are going to rack up? We
need 20,000,000 phDs earning $250k per year just pay for the Geritol
supply.
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