Obama's Effort to Reduce the Deficit Should Make Us All Happy.

[Exterminator]

Once you understand how free-market economies REALLY work, instead of how you HOPE (and CHANGE!) they work, you'll be better prepared to discuss these matters.

Would you like to compare post-secondary educations in economics?

[Henry Hawk]

Would you like to compare post-secondary educations in economics?

Charles Schultze was Jimmy Carter's economic advisor, and he was highly educated, but he got it wrong.

[Exterminator]

Ha! I demonstrably know more about them than you! You are the moron who thinks the poor (who you hold in contempt, btw) are some "massive engine of job creation", lol!

Several of my acquaintances have boats, but only one has a yacht, that I am aware of anyway.
He and I spent half a night hitting clubs in Manhattan a couple of years ago. That was after we spent part of the afternoon in Times Square, at the NASDAQ offices. We were there to celebrate the company's IPO.

LMAO!  Yeah, because Madison County is such a hotbed of wealth, you have lots of opportunities to rub elbows with them.

That is not true. And you are either ignorant or a damn liar. I am calling you out on that one, Ex: prove it.
If you prove that statement to be fact, then I will publicly apologize for ever doubting your brilliance and I will leave this board forever.

Prove it isn't true.

No hate? You OOZE contempt, dude! Geezul Pete! The only thing you have more of than contempt is the arrogance to think that you don't, lol!

Yeah, because I'm the one here pretending to be an expert in a field in which I have zero formal education and about the same amount of successful experience.

How many are employed when someone buys a car? I don't know, but we are getting an idea of how many lose their jobs when people DON'T buy cars, aren't we?  And you think that taking more money away from people who can't afford to buy cars, via taxation, is somehow going to motivate them to start buying cars.

I would hazard a guess that most employed people already own cars.  I do; you?

PS: I mean it, Ex. I will leave this board forever. All you have to do is prove that your statement above, "Actually, the overwhelming majority were born into (wealth)", is the truth rather than a lie.
Don't talk smack and don't change the subject. Just. Prove. It.

Why would I care if you left? 

[Exterminator]

Charles Schultze was Jimmy Carter's economic advisor, and he was highly educated, but he got it wrong.

I guess that that proves that everyone educated in a field is inept while those with no education are experts.  You have just described the basis for conservatives' economic policies.

[Ghost of Jaco]

LMAO!  Yeah, because Madison County is such a hotbed of wealth, you have lots of opportunities to rub elbows with them.

Believing that the universe "self-created" out of nothing doesn't strain your credulity, but you cannot believe there are millionaires in Madison County?
Just because you don't know any here doesn't mean there are none.
They probably just avoid you, you're not exactly pleasant to be around.
Besides, I never said that my wealthy acquaintances lived in Madison County, now did I?

... I'm the one here pretending to be an expert in a field in which I have zero formal education and about the same amount of successful experience.

Wow. We don't usually get the unvarnished truth from you. But sorry, I already gave out a kewpie today.

I would hazard a guess that most employed people already own cars.  I do; you?

Yes, I bought two in the last 18 months. Paid cash for them both.
That notwithstanding, your comment is nonetheless disregarded. Your response did not address my statements, but rather it is an attempt to divert the discussion because you realized your premise was incorrect: spending does indeed create employment.

Prove it isn't true.

I was hoping you respond in exactly that manner, Ex! Thanks for pitching underhand to me:

Recently, PNC Wealth Management conducted a survey of people with more than $500,000 free to invest as they like, a fair definition of "wealthy," and possibly "millionaire" once you begin including home equity and other assets. Only 6% of those surveyed earned their money from inheritance alone. 69% earned their wealth mostly by trading time and effort for money, or by "working."  http://www.consumerismcommentary.com/2008/04/18/most-wealthy-individuals-earned-not-inherited-their-wealth/#comments

An overwhelming number of
affluent Americans earned their wealth and are more likely to feel secure
during challenging economic times compared to peers who inherited their money,
according to findings by PNC Wealth Management, a member of The PNC Financial
Services Group, Inc. (NYSE: PNC).  http://www.reuters.com/article/pressRelease/idUS119380+10-Apr-2008+PRN20080410

1. According to a study of Federal Reserve data conducted by NYU professor Edward Wolff, for the nation's richest 1%, inherited wealth accounted for only 9% of their net worth in 2001, down from 23% in 1989. (The 2001 number was the latest available.)

2. According to a study by Prince & Associates, less than 10% of today's multi-millionaires cited "inheritance" as their source of wealth.

3. A study by Spectrem Group found that among today's millionaires, inherited wealth accounted for just 2% of their total sources of wealth.  http://blogs.wsj.com/wealth/2008/01/14/the-decline-of-inherited-money/?mod=WSJBlog

Report findings show that in North America the largest share (32 percent) of
HNWI wealth is from income versus business ownership (26 percent) and inheritance (16
percent).  http://www.capgemini.com/resources/news/world_wealth_report_finds_high_net_worth_individuals_increasingly_earn_rather_than_inherit_wealth/



So tell us Ex, when you made this statement, "Actually, the overwhelming majority were born into (wealth)", were you knowingly lying, or were you just ignorantly assuming what you wanted to believe was true?
No matter. Either way I have bested you, yet again, with commonly available knowledge and simple logic even my six-year-old could understand.

In light of the humiliating "smackdown" you have suffered at my hand today, perhaps portions of my previous, and proven this very day to be quite apt, assessment of you bears a timely repeating:

from Ghost of Jaco:
I, personally, have illustrated your reasoning and logical thinking skills to be substandard time and time again.
Heck, my six-year-old can support her argument for a second cookie with better logic than you have offered to this group for any of your positions.
You think you are an intellectual; you are not.
You think you are well-read; you are not.
You think you are conversant on current events; you are not.
And you are mistaken if you think your boorish, uni-brow, low-forehead insults make you even appear to be intelligent.

The "preponderance" of evidence forces one to conclude through "logical thought processes" that what you are is a poseur.
A head-up-his-ass, blind-to-the-truth, snug-and-comfy-in-his-ignorance, poseur.

And if I and ME and HENRY...weren't having so much damn fun tweaking you and laughing at your sophomoric behavior behind your back, we'd probably band together and petition the mods to have you banned from this board for being such an obnoxious boor.

So remember as you bask so warmly in your own regard that you are the unwitting jester, the unknowing fool, our own Hopfrog; just one of a stable of such around here who speak with the same voice as you.
We love you for the entertainment that you bring to this board.
Just don't forget your station.

You are dismissed.

[Exterminator]

Believing that the universe "self-created" out of nothing doesn't strain your credulity, but you cannot believe there are millionaires in Madison County?
Just because you don't know any here doesn't mean there are none.

I know there are millionaires in Madison County but they are not exactly abundant when compared to Hamilton or Marion counties, now are they?  And come on, you believe in an invisible man in the sky who proves his love by the brutal slaughter of his only child and you seriously want to talk credulity?

They probably just avoid you, you're not exactly pleasant to be around.

It's more likely that you were on the boat to wait on them.

Wow. We don't usually get the unvarnished truth from you. But sorry, I already gave out a kewpie today.

I wouldn't expect you to recognize sarcasm.

Yes, I bought two in the last 18 months. Paid cash for them both.

Bet they're real nice, too.   

That notwithstanding, your comment is nonetheless disregarded. Your response did not address my statements, but rather it is an attempt to divert the discussion because you realized your premise was incorrect: spending does indeed create employment.

I never claimed spending doesn't create employment; you did.  For some reason, you believe that your spending creates employment while the government's does not, however.

So tell us Ex, when you made this statement, "Actually, the overwhelming majority were born into (wealth)", were you knowingly lying, or were you just ignorantly assuming what you wanted to believe was true?

It doesn't surprise me at all that your definition of 'wealth' would set the bar so low.

In light of the humiliating "smackdown" you have suffered at my hand today...

Keep believing that...while the rest of us keep laughing at you.   

[followsthewolf]

Not necessary to get so heated, ghost.

Your avatar says it all.

And don't worry about my welfare.

Every time you turn your key, you pay me my income.

[kimmi]

It was not my intent to offend, kimmi. I meant "lazy" in a general, kidding sense, like, "I need to get my lazy butt to the grocery, lol!".
I don't think you are lazy, kimmi. My apologies if you took it that way. Tone of voice is hard to perceive in written/typed communications.

Then I'm still unsure as to what you meant in your original post.  If I end up in the hospital for some reason, lose my house, and or job, I'm supposed to do what exactly to get by?  I'm a single income household. 


There is a large percentage of people who are a hospital stay away from going bankrupt.  None of them are planning an illness or injury, but who is? People having babies are the only ones that I can think of.