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Old 10-16-2020, 05:44 PM   #71  
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Originally Posted by Buck Rogers View Post
Nothing political about it ....23 -27T of debt is a fact. Somebody has to pay for it. I'll be retired. Hello sucker.

No matter who is elected, I'm still gonna get me a free Obama phone to go with my 26 weeks of unemployment. Hello ducker

I just use the logic that the recipients of "free stuff"use, "The government pays for it". Hello sucker.😋😋😎
There’s no question that the debt will be have to be taken care of.....eventually. At least for now it’s not damaging to the overall economy. It could be a very long time until it becomes an issue, however.

That said, the U.S has no choice but to inject stimulus and liquidity to fight the economic effects of COVID (lockdowns, travel restrictions, unemployment). I’d actually be scared to see how badly we’d be doing had they not put out any stimulus.

FWIW, most developed nations are borrowing trillions from the credit markets, not just us.
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Old 10-17-2020, 09:11 AM   #72  
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Originally Posted by Buck Rogers View Post
Nothing political about it ....23 -27T of debt is a fact. Somebody has to pay for it. I'll be retired. Hello sucker.

No matter who is elected, I'm still gonna get me a free Obama phone to go with my 26 weeks of unemployment. Hello ducker

I just use the logic that the recipients of "free stuff"use, "The government pays for it". Hello sucker.😋😋😎
Just because you are retired doesn’t mean you won’t pay for it. You still pay taxes, your dollars still devalue just like everyone else.
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Old 10-17-2020, 12:11 PM   #73  
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Just because you are retired doesn’t mean you won’t pay for it. You still pay taxes, your dollars still devalue just like everyone else.
Yea, because we all know that after the flat tax rate that we currently have, nobody pays proportionally more than anyone else. Oh snap, guess that didn't happen. Have fun at the 35% marginal rate, while I get a "rebate", even when I won't pay anything in the first coupla years
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Old 10-17-2020, 01:08 PM   #74  
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Yea, because we all know that after the flat tax rate that we currently have, nobody pays proportionally more than anyone else. Oh snap, guess that didn't happen. Have fun at the 35% marginal rate, while I get a "rebate", even when I won't pay anything in the first coupla years
Its not hard to imagine with the retirement many of us will have we will still pay more in taxes In retirement than the average American will any given year.
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Old 10-17-2020, 02:54 PM   #75  
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Its not hard to imagine with the retirement many of us will have we will still pay more in taxes In retirement than the average American will any given year.
Well being broke takes care of that problem.
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Old 10-17-2020, 04:48 PM   #76  
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I guess I'm missing something, one day you're making $6 a minute, the next day you're retired and standing next to Sluggo, the burger guy at the unemployment line. Seems right?

Unless you invested in a concert ponzi scheme aka Jack Ustick, fake oil wells or your 4th wife's silicon boobs. I'm entitled too, signing up Monday morning. Thanks for the heads up Sailing.
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