al and annie; two great accounting/financial minds:
Lindsay Graham has launched HIS OWN plan to destroy Lindsay Graham.
The truth of the matter; it's the ones who compromise that will ALWAYS cause the conflict and make sure we never address our problems. On every issue, as long as there are people in government that are not guided by principal, there will always be a tug of war to win the the vote of the unprincipled.
This is the legacy of the progressive movement.
$126 Trillion in unfunded liabilities. Got any ideas Al or Annie? Let's blame Bush/Cheney isn't going to make a dent. This is assured destruction. It's just math. Progressive, pyramid scheme entitlements are root cause.
Right on volsam. start looking at financial statements of your local county and/or municipality and you will find they act worse than the Fed. Fight it local, that's what we do and take a lot of heat for it.
$125 trillion and growing.
Go ahead Rickaroo and Anniebelle; keep blaming Bush (Exclusively) for all the worlds problems. That makes things very simple, does it not? expand your horizon - blame the tea party - Keep looking for that scapegoat!!
However it is always a liberal who does not care that we leave assured destruction for our children as long as we (they) have comfort and ease now for themselves.
With liberals running us at all levels of our government now, clay should have used dollar bills instead of toilet paper.
A few talk about the $17 trillion in actual debt the Fed government has. Almost no one is talking about the $125 trillion unfunded liabilities we have in which $80 trillion is medicare and medicaid.
Bernanke's replacement is a clone (or clown) of Paul Krugman.
Liberals love saying there is no inflation so let's keep printing money for our new social programs. But I just bought bacon for $5.98 that I paid under $3.00 back in 2008. I just buy a lot less of it because I am being squashed by government spending which IS taxation.
well, let's just keep fighting over the tactics of politicians instead...
tifosi, getting elected is the measure of being successful?
We have politicians at all levels of government in all parties that we can't get rid of like roaches. Do you call them all successes?
Medicare alone now is an $80 Trillion unfunded liability. What do we do? Nothing? For all of us who are cheering on Ted Cruz, please convince me that I should not be concerned. Without insulting me and hurling names, please give me your(or anyone else please chime in) best shot as to why it just doesn't matter. I'm waiting...
The Governor's work in Tennessee is the same work that Jerry Brown did as mayor of Oakland, CA. Is that the direction we want to go in?
Our governor, state reps, and local governments are in the business of pushing redevelopment and business attraction using our tax dollars. By doing this, they are only attracting more poor to our state and of course running up our state debt load and our debt load locally as well.
I personally know of people who are employed by Amazon who are living in section 8 housing. Amazon consumes services, does not pay for those services because their property assets are owned by the industrial development board, then attracts and pays people to live with section 8 vouchers. Are those the high quality jobs that are worth your tax dollars?
If we did not force this business growth, that population would leave to where they can live and get a job. Growth is only good when it is natural; not government "inspired" using our tax base.
Crime increase will always follow this kind of artificial population surge.
nucanuck and conservative, it's times like this that I find it really worthwhile to comment on these boards because I completely agree with BOTH of your last comments! Please let me try to explain.
nucanuck, you said it better than I ever could: we as a nation abandoned capitalism over 100 years ago in favor of a creeping Corporatocracy. That is not capitalism. That is a safety net that should NOT exist for the individual and certainly not for a corporation or a bank. The more safety nets, the decline of the nation. That is why we need a separation of government and big business! I know it won't happen but let's not demonize capitalism. Capitalism works every time it is tried. Let's try it once again. Remember, big companies LOVE regulation; Regulation squashes competition. Our corporations are not run by capitalists today. There are very few Fords, Pennys, Canegies, etc...
Where they exist, let them make and keep a lot of money. We are all better off for it.
Conservative, you are very accurate on your description of socialism. Let's not regulate and certainly let's not support business (pick winners and losers). Laissez-faire "Hands off" means hands off in terms of regulation and hands off in terms of tax credits, bailouts,etc.. That is where I stand.
nucanuck, is conservative right about you? Are you a full blown socialist or do you wish to return to the days of capitalism when people flocked to America and fled Europe for a better life and found it even though our re-education system tells our kids about sweat shops and abusive labor practices.
it is always the poor that get screwed by sustainable development, is it not? The liberals scream about the rich and then fight with me when I point out corruption between big government and wall street bond brokers. I am for capitalism which means invest and risk YOUR OWN money, not the public's. That's sensible, is it not?
I have no problem with government building bike lanes and that is their job as you say. You are not correct about California though: Yes, the pensions are obscene and the CURRENT problem with them is that they are underfunded. The real pension problem has not hit yet. You never here this said but the real problem is REDEVELOPMENT which caused bonded debt to be carried by those cities which bankrupted them. Chattanooga is revitalizing itself in the same manner: redevelopment, business attraction through PILOT programs, tax incentives and now TIF.
It always looks good at first but the debt load takes its toll in a short time period.
Did you look at that bond broker's website? Does that make you as mad as me? There are hundreds of those brokers out there.
I bet you didn't know that you are financing all of these developments in the scenic city, did you?
Right on engineer. Now we have something we can discuss...
You said "risk" - Did you not see where I said that these loans are non-recourse? Please please please look at this one link as an example. Don't take my word for it. Sit back and soak in how reckless these loans are and then you will understand my problem with government manipulating markets.
WE the taxpayer are assuming the risk. They are high bankruptcy rate and it is a bubble Chattanooga will be continually revitalized for the next 40 years.
Did you know that Chattanooga debt has grown over 118 million dollars in the last 6 years due to business attraction and revitalization among other things? We are going down the same road as Stockton, Cal and others through redevelopment schemes.
We know what happened to the housing industry because of the government nudging buyers into homes they couldn't afford.
Look at all the articles in the TFP over the last few days about new apartment complexes and new mixed use developments going up in Chattanooga.
This is an example of nudging:
The government is pushing these developments by financing them through HUD 220D financing to developers. These loans require 1% down and are NON_RECOURSE!!! They have a high bankruptcy rate which is why banks won't finance these developments without government backing. Call the article's author Mike Pare and ask him if the developer is using a HUD 220 loan to build the development. Also Google HUD 220D.
There is a large redevelopment bubble that is about to burst in a couple of years caused by this explosion in green building at the hands of government nudging. That is one example.
Add a bike lane and a greenway but government is not here to re-engineer society.