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alstry (35.42)

How long can government keep borrowing and spending?

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August 06, 2010 – Comments (11)

It worked for housing......for a while.....as more and more are becoming dependent on government handouts while the deficits grow larger and larger.......

US Senate Oks $2.5 Billion in Medicaid, School Funds For NY  

Record Number of Americans Receiving Food Stamps Benefits  

Postal Service loses $3.5 Billion...

Social Security in red for first time...

FANNIE MAE Seeks $1.5 Billion From Treasury After 12th Straight Loss...

THE PROBLEM COMPOUNDS WITH CREDIT BEING CUT OFF TO THE PRIVATE ECONOMY....the dependency and deficits grow as the private economy contracts....

OUR ECONOMY HAS MORPHED INTO WASHINGTON AND WALL STREET BORROWING AND SPENDING.........NOW UP TO TRILLIONS EACH YEAR.......THE QUESTION IS HOW LONG CAN IT LAST WHILE THE PRIVATE ECONOMY EVAPORATES....

Quad Graphics - 2,200 Layoffs and Closing 5 Plants

 

 

11 Comments – Post Your Own

#1) On August 06, 2010 at 8:42 AM, alstry (35.42) wrote:

It is amazing if you think about it.....how many Americans are receiving Social Security....Medicare/Medicaid.....Food Stamps.....Unemployment........

just the spending from above drives a huge percentage of our consumer economy.....yet the only way those payments can be made today is if government borrows the money......while fewer and fewer are "working" and paying taxes.....

Payrolls Shrink by 131,000, More Than Expected, Unemployment Stays at 9.5%

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#2) On August 06, 2010 at 9:49 AM, GNUBEE (24.85) wrote:

Alstry,

In response to the Postal Service one you linked to. Just want you to be aware the the PS is unique in that they are required to Prefund pension accounts. If that requirement is lifted there would be no problem.

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#3) On August 06, 2010 at 9:51 AM, alstry (35.42) wrote:

The problem with the Postal Service is that volume is collapsing.....it has nothing to do with Pension funding.

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#4) On August 06, 2010 at 9:59 AM, GNUBEE (24.85) wrote:

Uhh...the postal pension fund was OVERfunded by $50Billion dollars according to a recent audit.

$50 BILLION

 NOT Volume

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#5) On August 06, 2010 at 10:00 AM, miteycasey (30.51) wrote:

Japan has a debt of 450% of GDP. I belive the US is somewhere around 50% so they can grow 8x their current position.

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#6) On August 06, 2010 at 10:14 AM, GNUBEE (24.85) wrote:

Way to start a new post when someone disproves your "fire in the theater" statement.

Good work master lawyer, way to deflect. Intelligent discourse would show your abilites, changing the subject would not.

Credit Loss -2

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#7) On August 06, 2010 at 10:35 AM, GNUBEE (24.85) wrote:

Had you had knowledge of what you were posting about you could have argued that the "missing $50 billion" is a moot point because no one knows where it is.

Yet another Rob from Peter to pay Paul. I can guess that the $50 billion is strewn in the sand in the form of bomb fragments, but that was your job.

As I am now arguing your side, on your behalf I am done. Please try to add something other that mindless cut and pastes that you have little to no knowledge about. If it means you have to post only one quality post a day I think the site will be better for it. Good luck in your recent picks, having greater than a <20 is a good start in rebuilding your cred

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#8) On August 06, 2010 at 11:10 AM, alstry (35.42) wrote:

Please....only a idiot would look at pensions.....pensions are simply a collection of financial assets that are a derivitive of production......and as production collapses....pension will evaporate in time.......this is guaranteed.

The problem with the Post Office is it is going the way of the horse and carriage.......and what is replacing it will not require much human input......

humanity is now being replaced with technology....it will be interesting to see how humans react...

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#9) On August 06, 2010 at 11:27 AM, GNUBEE (24.85) wrote:

So paying roughly $2billion a year when you are not required to is good? It only has minimal effects on your organization? Not just talking about pension, but the pension fund, which means all retirement benefits. These misguided payments are in place by law until 2015. Only congressional action can change this. So moving forward, the Law is requiring these overpayments to continue. If you do not see that as a huge weight cuffed to USPS viabilty, it is you that has problems with your vision.

Human labor has ALWAYS by definition been replaced by technology. Humanity is what makes humans humans. (Here is the definitions from dictionary.com below) That by its definition CANNOT be replaced by technology

1. all human beings collectively; the human race; humankind. 2. the quality or condition of being human; human nature. 3. the quality of being humane; kindness; benevolence. 4. the humanities, a. the study of classical languages and classical literature. b. the Latin and Greek classics as a field of study. c. literature, philosophy, art, etc., as distinguished from the natural sciences. d. the study of literature, philosophy, art, etc. I'll help you out again. Human labor, not humanity is being replaced. Again no revelation, only another "fire in the theater comment". Report this comment
#10) On August 06, 2010 at 11:43 AM, alstry (35.42) wrote:

It doesn't matter...the payments are going into assets that are evaporating in intrinsic value...they could triple or quadriple the payments....they will all be worthless in the end......

No....human labor has NOT always been replaced by technology....there have been long periods of time where technology required massive labor....like when man moved out of caves and into dwellings.......

Now we have too many dwellings.....so we don't need people to build them anymore....

We don't need people to maintain documents with digital storage of documents....

We don't need people to deliver mail with email and other advances...

The issue now is technology requiring addtional human input or less on a NET basis....and I submit the evidence is clearly coming in on the less side.

 

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#11) On August 06, 2010 at 12:24 PM, GNUBEE (24.85) wrote:

 Never underestimate the will of a politician/policymaker to maintain their power. To avoid revolution new sources of labor needs will materialize.

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