BAMA winning is a warm loving reminder of how weak-minded...

[CaneOil]

Trump is at best cognitively impaired and at worst deranged. Frankly, am not sure what he is.

I have been teaching mathematics after work in the inner-city since 1997, so your assertion that I am racist against African Americans is highly erroneous.

The world would be markedly different if everyone devoutly read (and comprehended) the Economist on a weekly basis.

Agree that we have too much debt. Illinois will file for bankruptcy within 10-years and that will FINALLY awaken the populace. Detroit and Puerto Rico had zero effect, but Chicago eliminating half of their pending pension obligations will shock the world.

I feel for the poor and wish that we had an efficient government that devoted its "pork" to schools and education.

Voted Republican until Bush lied about weapons of mass destruction; then spent $5 trillion on useless wars; and ultimately maimed 50,000 Americans. We could have funded Social Security, or repaired our infrastructure, or built schools in the inner city, with that kind of money....... (He also founded the useless Homeland Security office, which we will have to close since we have $65 trillion in Medicaid, Medicare and SS obligations and they are being funded by a population that is expected to lose 40% of contributors in the next 10 years..........)

Don't care what Trump is, for your sake I wouldn't try to derail his work right now, If you're in CALSTRS it's already in the *******. LMAO Only a complete moron would want to go back to what the liberals do and crash this market. I have my popcorn ready though. PIOnline : Subscription Center

After reading your posts there is no way in **** do I think you're not a full blown racist.

I have read the economist before. Let me tell my experience with one of the so called best economists in the country, was with the U of Central Florida I believe, it was back in 2003. This is when I started planning my exit in RE. I was lucky enough to get in on a blog in a Sarasota paper he was telling everyone about Florida RE pushing it every day. Well I lived Florida RE since 2000, pretty invested in it because I could see what was coming.

Only a couple times in a life time could you make this type of money in RE if you're lucky. We use to go back and forth a few times a week till the market really heated up, he was saying RE in Florida would never crash just about daily. Well I told him inventories are at an all time high and prices have peaked. The abuse I took from him was unreal. I told my wife this is once in a lifetime hit for me, she said ok if you're sure, I said I have never been more sure in my life. Saw the same thing in MA in the 80's. So in Dec 2005 I knew the market was done in Florida and GA where I had all my investment land.

I told this RE economist I will be selling everything even the brand new house I had built in Stuart right across from the ocean in 2001. Oh the bashing I took. All of it was gone within 3 months. My best friend in Stuart was working for the biggest realtor in the south east at the time, I begged her to sell with me, she said no it's going up, I just said the market is done. She lost 1.3 million dollars which was everything. A couple months later in my area in Stuart and in Sebastian nothing was selling. 2 years later I could have bought some of it back at 25 cents on the dollar.

I blasted that dumb *** economist for weeks until he never came back. My point is, most economists are morons and losers that couldn't make it on the outside so they take a college job. Only two economist out of more than twenty I followed agreed with me in 2003, Shiller from Yale and Mish who was a rookie. IMO the only economists I would ever listen too. The worst of the worst is Krugman absolute clueless hack. I want to know something I do my homework.

States can't claim bankruptcy without an act of congress being as smart as you say you are why don't you know this? Even if congress said they could it would be tied up in the courts for years. .

The government pork is illegals and crazy *** people from nutjob countries who will never work or assimilate, see Europe. Enough money right there to build palaces for schools in the cities.

Yup, Bush was not a smart man, 5 trillion wasted. Obama also doubled him with close to 10 trillion = to all other presidents combined.

 

[canesproponent]

As of October, Illinois has $185 billion in unfunded pensions funds. I do not think that the government will write the check because it will set a precedent that the US cannot afford. In total, states have $6 trillion in unfunded pension liabilities, so you cannot bail any states out. The government owes $15 trillion at present and has $65 trillion in future Medicare, Medicaid and Social S disbursements due over the next 15 years. They HAVE to allow Illinois to default.

Social S is now bereft of funds by 2030 and Medicaid within 5-10 years.

We lose 52% of our income to taxes, payroll taxes and entitlement programs (i.e. Medicare, Medicaid and Social S). I will NEVER receive anything from these programs. It is a tax for our generation. When that 52% hits 55%, I leave the country and move to Spain, France or Italy.

 

[CaneOil]

Stock market update: Up another 175 today, Pension funds up, 401ks up, Ira's up, Fire that ******* Trump he talks mean. LMAO


I've always liked looking at this one, now this is the whopper. I've got my popcorn. One trillion of under funded pensions. Gotta love it, most of the private sector doesn't get a pension and makes less money than the public sector but they have to pay for some smucks pension who can also retire early. https://www.zerohedge.com/news/2016...sions-underfunded-1-trillion-or-93k-household

Just do what the city in RI did in 2012 they cut pensions by 55% Even better in Prichard AL they just stopped sending pension checks, stopped following this in 2013 so I don't know what happened. Public employees getting pensions that the private sector pays for is one of the biggest scams in this country.

We have over 111 trillion in total unfunded liabilities, easier to look at the total instead because they move debt around. Just a couple years ago they had the medicare debt at 88 trillion and it went to low 20's. U.S. National Debt Clock : Real Time

SS: When SS started it had about a 46 to 1 ration putting in now it is less than 3 to 1 Ponzi Scheme. Now you have another 10 million collecting disability off SS which probably 8 million are scamming. It was meant to supplement your retirement that's it. I might never take mine. .

Like I said earlier CA is a ****hole, they tax everything they can, move to a less corrupt state. You will receive all of those benefits but it will be at a discounted rate. You will get less SS and pay more for Medicare as we should. So you want move to bigger crime ridden ****hole countries than where you live in CA? Good luck wait till you see what you pay in taxes over there. GL

• Found this going through some CA documents, so some 18 year old kid in Florida who just started working making say 25k a year who doesn't get health care at his job has to pay a tax because he can't afford HC. That tax money goes right to the illegal who doesn't have to pay a penny. Something new I learned today. So you steal more from young Americans to pay for illegals, wake up America!
''The expansion of health care coverage to undocumented children and the
millions of Californians covered under the federal Affordable Care
Act.''

 

[canesproponent]

There are two topics that are silly to publish on because they are practically mathematically infallible. The first is free trade. In order to keep that coal town alive, you are increasing taxes and inefficiencies on hundreds of millions of people. Unilateral free trade is mathematically provable. The advantages outweigh disadvantages by a staggering amount. Look up David Ricardo.

The second is illegal immigration. If you subtract the gains in lower pay and the money that you pay them in govt. benefits, it is not even debatable. Every generation has its bogeyman. The English despised the Irish, who in turn despised the Italians and now the Mexicans are the new bogeymen...... Who is going to de-bone our chickens or pick our fruit? Even if they paid them the minimum wage, there would not be enough interest from real citizens to complete these humbling tasks. Let them in...... If they want lawful work, who am I to stop them. [Read too many of Steinbeck's novels...........] Also, immigration is actually down to a trickle..............

Social Security worked fine until the 70's when the US government decreed that our population would always grow so they were "borrowing future payments to improve the country." Now it is dead. 40% of the current payers will stop paying 10-years. Millenials are too smart and are leaving the country at the rate of 1.7% per annum, or are simply living with the parents and working in fractional employment.

Brown is supposedly a liberal, but when 4 cities in California defaulted on pensions. he threw them into bankruptcy court. It is amazing how that motivated other populaces and cities throughout the state.

Agree with you. Some cities may raise taxes but most of them will say "sorry, we did not save enough to fund pensions".

Government takes 52% of my salary, if that goes to 55%, I leave the country. That is why I learned 4 languages!

 

[CaneOil]

Forget about getting into it with me on trade. I have schooled you on too much already.

You don't care about the truth.

https://fairus.org/sites/default/files/images/economic-impact-illegal-immigrants_1.jpg

https://fairus.org/issue/publicatio...n-illegal-immigration-united-states-taxpayers

And then you have this! Not counting the crimes, can you imagine how much this costs? CA is so corrupt they wont post their #'s. This was verified with the border patrol I saw a special on it. https://pjmedia.com/jchristianadams/2015/7/23/alien-crime-wave-in-texas-611234-crimes-2993-murders/

SS: Now go back and read my post that's why SS is a mess. https://www.cbsnews.com/news/lets-debunk-this-social-security-myth/

What I say about the millennials will get me bannnnned off this site. And by the way you spelled millennials wrong.
Are you sure you went to college almost everything you write is false.
You know nothing about illegal immigration or it's costs to the American tax payers.
One thing I did learn is illegals get Obamacare and the middle class worker pays for it.

Like I said taxes are more in Europe and everything costs double including gas and housing. GL I'll head to Panama for the winters.

Last post for me, I'm not wearing out my welcome.