Re: The real deal....

mes.

datory

se.

No, it's just cleaner. This way those same people can take your money, 100% guaranteed, but they can stay home and watch television while they're doing it. Keeps them off the streets.

My unemployment insurance was saving up 6 months' expenses up, on my own, working two full-time minimum wage jobs. I was 17.

But it's so much more convenient to just let the government take it from other people if you ever need it. That way you don't have to take care of yourself, and you don't have to save. Or work.

-- Cheers, James Arthur

"Unemployment insurance is a premium" WHO pays? It's paid by the employer. That's a good reason NOT to hire in risky times.

I'm counting on the Darwin phenomenon to work properly ;-) ...Jim Thompson

--
| James E.Thompson, CTO                            |    mens     |
| Analog Innovations, Inc.                         |     et      |
| Analog/Mixed-Signal ASIC's and Discrete Systems  |    manus    |
| Phoenix, Arizona  85048    Skype: Contacts Only  |             |
| Voice:(480)460-2350  Fax: Available upon request |  Brass Rat  |
| E-mail Icon at http://www.analog-innovations.com |    1962     |
             
I love to cook with wine.     Sometimes I even put it in the food.

I don't consider extortion to be, in any way, clean.

Or they'll riot if not fed enough while watching daytime TV? Extortion.

I've never collected UI. I have at least 6month's cash (depending on how you figure it, indefinite).

...or they'll riot. Well, at least they'll get their exercise.

That's like saying that flood victims pay for flood insurance. Employers don't even come close to paying for it.

...but the *children*!

Who are these people of which you speak? Certainly not the guys hanging around in front of the Home Depot, waiting to pick up any work people are willing to offer them. They aren't on unemployment or welfare. And they aren't sitting in front of TV, nursing thoughts of taking what they feel they deserve from society regardless of having earned it.

We need less TV watchers and more Home Depot guys in this world.

--
Paul Hovnanian     mailto:Paul@Hovnanian.com
------------------------------------------------------------------
What if no one ever asked a hypothetical question?

lean times.

mandatory

sense.

place,

Overly hopeful optimist? Or Hope and Change? The universe bites (in every sense).

?-D

will

around.

can pick

back on

tooling up

shouldn't be

You are only pretending to be that ignorant please?

?-((

GDP is

economic

Not even that, impure saline when we are lucky.

8-(

in

So, just because Reagan and both Bushes were blazing spendaholics, = Obummer and company are not even worse spendaholics??? And not spending more destructively to 'murcan ideals?

?-(

in

Should it actually come to pass, there will be NOTHING civil about it.

?-(

of

, s s

, etc.

e

from

ts

well

Here are the actual numbers:

(millions of dollars) Revenue Spending overspending (deficit)

2007 2,567,985 2,728,686 160,701 2008 2,523,991 2,982,544 458,553 2009 2,104,989 3,517,677 1,412,688 2010 2,162,724 3,456,213 1,293,489 2011 2,173,700 3,818,819 1,645,119

01z1.xls

-- Cheers, James Arthur

I know. I think it's more likely that enough QE's will drive us into a hard depression... then all valuations reset to what the market will bear, NOT what unions can extort. In fact many job types will cease to exist. ...Jim Thompson

--
| James E.Thompson, CTO                            |    mens     |
| Analog Innovations, Inc.                         |     et      |
| Analog/Mixed-Signal ASIC's and Discrete Systems  |    manus    |
| Phoenix, Arizona  85048    Skype: Contacts Only  |             |
| Voice:(480)460-2350  Fax: Available upon request |  Brass Rat  |
| E-mail Icon at http://www.analog-innovations.com |    1962     |
             
I love to cook with wine.     Sometimes I even put it in the food.

etc.

Washintonian logic: when revenues go down, the thing to do is increase spending by about 4x the decline.

"It is statistically provable that 97% of economists are idiots."

John

:

that

Agreed. Just don't take unemployment too while doing it.

Yup.

"Plasma bank" is actually a pretty good analogy--they're thinning the soup, with stock they've drained from someone else.

-- Cheers, James Arthur

"Hope and change" sounds a lot like IV glucose.

ng

er

ll

ff

c.

The 28% spending jump from '07 to '09 is basically the stimulus / bailout spending, kicking in over two years, all on the premise that borrowing-to-spend has a gain >1.

That 28% bump is now a permanent part of the budget. It didn't work, naturally, so they doubled down in 2011, which didn't work either.

It didn't work because the actual gain is

Why doesn't Obama "just press the reset button" on the economy.

It would be reasonable to make basic food and medical care free. Not just for poor people, but for anyone who wants the basics.

It would also be more than reasonable to eliminate all income taxes and collect necessary government revenue from sales taxes.

Everybody would be much better off. Of course, none of that is politically possible.

John