[andrewc24301]

... give it to the government!

At least that's what I heard an old man say a few years back, kind of stuck with me.

Now that the government is inches away from owning one of the largest companies in the world, who knows that interesting turns this will take?

It's a sure fire thing for any company, let it go to an organization with bottomless pockets (the federal government) after all, there is no limit to the amount of money they can borrow right? All it cost is a little inflation, but surely our unemployed masses can afford it.

What's ironic is, I've often said if any private business were ran like the federal government, they'd be bankrupt. After all, no business can run in a defecit year after year after year. Of course, I guess if you got big enough and did, you'd just be bought out by the federal government.. err... wait a minute... there is an error in the program here... a loop in the system.

So how much longer before this program crashes and we go the way of Rome and Russia?

Everyone all set to stand in line for stale bread at your local supercenter?

[NeedKarma]

It must suck to live in the US. :(

[J_9]

It must suck to live in the US. :(

It does right now... Just waiting on hubby to get home to tell me when our shop will be taken over by the bank. Good thing we can live in our van down by the river! :confused:

[NeedKarma]

I never thought that gun mentality would be productive in the end.

[J_9]

NK, it's been productive for over 7 years with our family and more than 25 years with the previous owner.

[J_9]

It does right now.....Just waiting on hubby to get home to tell me when our shop will be taken over by the bank. Good thing we can live in our van down by the river!! :confused:

And if you think I'm kidding, I'm not... Quite serious actually. Got to figure out how to tell the kids.

[NeedKarma]

NK, it's been productive for over 7 years with our family and more than 25 years with the previous owner.

I didn't mean just your shop, I guess I kind of feel like you guys are going to shoot yourselves to death in some massive civil war.

[Skell]

J_9,

Surely you don't lay all the blame on the present administration?

[J_9]

J_9,

Surely you don't lay all the blame on the present administration?

Well, most of it yes I do. Skell, we see the difference in what we are no allowed to order and what we aren't. We see that there are certain things that are no longer available to anyone in the industry.

In 2007 this company excessed one million dollars, in 2008 it was over one and a half mil. This year, and it's only May, we are struggling to make $1000 a day.

I just thank the FSM that I have a job in healthcare and that people are always going to have babies. But then I have to deal with his proposal of abortions... guess I could go into another area of nursing.

[galveston]

It must suck to live in the US. :(

Don't feel smug. If the US goes under do you really think Canada won't go down too?

In fact, given the amount of foreign goods purchased here, a LOT of countries would go down.

[andrewc24301]

I wouldn't say it sucks to live in the US, is right now a rough time?; certainly. However it has been worse, and can get worse.

We still haven't touched the great depression.

And if I understand history, the era around the revolution were trying times.

The real question is, are people willing to stand up and fight for their rights as they did 200 years ago, or shall we roll over the die a slow death..

[andrewc24301]

J_9: You and yours have my sympathy and I wish you all the best of luck. I understand for families who are going through the brunt of this, it may feel like the great depression.

In fact, I found out another neighbor just went on unemployment today, last week, I was talking to another who's unemployment is about to run out in a week. Very few of us here on this block still have jobs.

[NeedKarma]

If the US goes under do you really think Canada won't go down too?

Well we did fare much better in the real estate/mortgage debacle. We aren't all doom and gloom here.

[Skell]

Well, most of it yes I do. Skell, we see the difference in what we are no allowed to order and what we aren't. We see that there are certain things that are no longer available to anyone in the industry.

In 2007 this company excessed one million dollars, in 2008 it was over one and a half mil. This year, and it's only May, we are struggling to make $1000 a day.

I just thank the FSM that I have a job in healthcare and that people are always going to have babies. But then I have to deal with his proposal of abortions...guess I could go into another area of nursing.

So do you see it as a fault of Obama, supposed tightening of gun laws (yet to see any evidence of that) or the economic downturn?

Its quite clear from sales in all industry sectors that we are in recession and people are tightening their belts and saving the money they used to spend. That can hardly be entirely the fault of this admin. Bush was driving the bus for a long time prior to Obama and didn't do anything worthwhile to prevent it.

You're in the medical field. You of all people should no that prevention is better than cure.

[inthebox]

Likewise, the fault can't be placed solely on Bush, neither. And blaming Bush does not make this situation any better. What is known is that CONGRESS makes the laws and the budgets.

The country has its ups and its downs, we survived the Great Depression, 2 world wars, Jimmy Carter... we will get over Obama soon enough.




G&P

[spitvenom]

As Skell said I think it is more of people just spending less money. My cousin wanted to buy a new gun but he said I either buy a new gun or pay rent he paid his rent. I researched this and Obama hasn't put any new gun laws into place. He wanted to but he didn't.

[excon]

If you want to screw something up.... give it to the government!

At least that's what I heard an old man say a few years back, kinda stuck with me.

Hello andrew:

I'm no lover of government... But there ARE a few jobs they're cut out to do... Like fight wars, build and maintain roads, run the power grids and stuff like that.

The problem as I see it, for the last 30 years the government was run by people just like that old man. The departments that were set up to regulate, were run by people who believed that government shouldn't regulate, so they didn't regulate...

And, look what's happened.

excon

[KISS]

Regulation is supposed to make people play fair or protect.

Lobbying isn't playing fair.

If anyone in government makes any ethics violation, they should be out with "no elligibility for parole" so to speak.

Common sense! Lawyers and politicians make laws. Corruption at it's best. Next, apparently is CEO's.

[speechlesstx]

Speaking of screwing things up and fairness...

Millionaires Go Missing
Wednesday, May 27, 2009provided byWSJ

Here's a two-minute drill in soak-the-rich economics:

Maryland couldn't balance its budget last year, so the state tried to close the shortfall by fleecing the wealthy. Politicians in Annapolis created a millionaire tax bracket, raising the top marginal income-tax rate to 6.25%. And because cities such as Baltimore and Bethesda also impose income taxes, the state-local tax rate can go as high as 9.45%. Governor Martin O'Malley, a dedicated class warrior, declared that these richest 0.3% of filers were "willing and able to pay their fair share." The Baltimore Sun predicted the rich would "grin and bear it."

One year later, nobody's grinning. One-third of the millionaires have disappeared from Maryland tax rolls. In 2008 roughly 3,000 million-dollar income tax returns were filed by the end of April. This year there were 2,000, which the state comptroller's office concedes is a "substantial decline." On those missing returns, the government collects 6.25% of nothing. Instead of the state coffers gaining the extra $106 million the politicians predicted, millionaires paid $100 million less in taxes than they did last year -- even at higher rates.

No doubt the majority of that loss in millionaire filings results from the recession. However, this is one reason that depending on the rich to finance government is so ill-advised: Progressive tax rates create mountains of cash during good times that vanish during recessions. For evidence, consult California, New York and New Jersey (see here).

The Maryland state revenue office says it's "way too early" to tell how many millionaires moved out of the state when the tax rates rose. But no one disputes that some rich filers did leave. It's easier than the redistributionists think. Christopher Summers, president of the Maryland Public Policy Institute, notes: "Marylanders with high incomes typically own second homes in tax friendlier states like Florida, Delaware, South Carolina and Virginia. So it's easy for them to change their residency."

All of this means that the burden of paying for bloated government in Annapolis will fall on the middle class. Thanks to the futility of soaking the rich, these working families will now pay Mr. O'Malley's "fair share."

[tomder55]

That's why the Obots are going to go national with the tax increases .

Remember that tax cut for 95% of Americans ? Well the Compost is reporting that they will increase taxes to 100 % of Americans with a VAT national sales tax.
Once Considered Unthinkable, U.S. Sales Tax Gets Fresh Look

Can't move to another State to avoid that !