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Originally Posted by ASAPsafetyGUY
(Post 3108619)
Or a drop in the bucket for the top 1 percenters.
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Originally Posted by AllOva736
(Post 3108628)
it only take $521k for salary or about 10M net worth to be in the top 1% in the US. Not exactly a drop in the bucket for all those in the 1%
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Originally Posted by Mtnbikemike
(Post 3108398)
Yeah exactly, because adding trillions in debt to subsidize airline pilot jobs so we can all sit around is all that matters.
Being on reserve especially as a commuter isn’t sitting around. Further those not on reserve are working everyday and if those below them weren’t on reserve they would be and they would be sitting around “doing nothing”. Pre Covid all airlines had reserves and many “did nothing” as you incorrectly describe. Further, in your lifetime tell me how the national debt increasing has affected your life in any way for the worse? And while it’s the highest it’s ever been it’s not the highest it’s ever been as a percentage of GDP. We aren’t Greece. We actually can spend our way out of this. I’m not advocating for an endless welfare state because if you never get back to producing then servicing the debt does become a problem, but spending big for a short term crisis actually makes perfect sense. As long as GDP grows faster than the debt over time it literally never has to be paid back in its entirety. Old pieces get paid off as new pieces get added. This can go on forever as long as GDP over time grows at a faster rate than the debt. 2020 is a point on chart and while this year the debt will grow and GDP will contract it’s only a small point in history. You obviously cannot do it forever but history shows that not spending enough now will cost more on revenues later than you save today. Your life and finances have a finite horizon. The United States does not. Stop thinking about it like your household budget. |
Actually our GDP to debt ratio isn’t that great. By a long shot.
136.6% |
Originally Posted by Qotsaautopilot
(Post 3108672)
Now is actually a good time to be short sighted and not big picture.
Being on reserve especially as a commuter isn’t sitting around. Further those not on reserve are working everyday and if those below them weren’t on reserve they would be and they would be sitting around “doing nothing”. Pre Covid all airlines had reserves and many “did nothing” as you incorrectly describe. Further, in your lifetime tell me how the national debt increasing has affected your life in any way for the worse? And while it’s the highest it’s ever been it’s not the highest it’s ever been as a percentage of GDP. We aren’t Greece. We actually can spend our way out of this. I’m not advocating for an endless welfare state because if you never get back to producing then servicing the debt does become a problem, but spending big for a short term crisis actually makes perfect sense. As long as GDP grows faster than the debt over time it literally never has to be paid back in its entirety. Old pieces get paid off as new pieces get added. This can go on forever as long as GDP over time grows at a faster rate than the debt. 2020 is a point on chart and while this year the debt will grow and GDP will contract it’s only a small point in history. You obviously cannot do it forever but history shows that not spending enough now will cost more on revenues later than you save today. Your life and finances have a finite horizon. The United States does not. Stop thinking about it like your household budget. I just don’t want my grandchildren’s children and their children paying for it. Maybe with Covid, there will be a baby bump and increase GDP 30 years from now. |
Originally Posted by Jimdunbar
(Post 3108678)
Actually our GDP to debt ratio isn’t that great. By a long shot.
136.6% |
Originally Posted by Mtnbikemike
(Post 3108687)
Thanks for looking that up on Wikipedia. Not sure where I would get that wealth of information without you Boy Scout.
I just don’t want my grandchildren’s children and their children paying for it. Maybe with Covid, there will be a baby bump and increase GDP 30 years from now. edit: and if for no other reason, if you are a pilot think of all the money you’ve paid in taxes in years past. Look at this as getting some of it back. If you’re too senior to be furloughed or downgraded look at as in investment in your job security (stability of the company). And if the feds won’t grant the airlines the money who do you think they will look to for the grant. at the very least an investment in your relative seniority that will slide back if your brothers are let go. |
Originally Posted by Tranquility
(Post 3108648)
You say only like it's water off a duck's back, but only 1% of this country are at that point.... It's no small feat. Personally, I'm 'only' in the top 2-3% for my age for both net worth and income.... I guess I'm slacking.
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Originally Posted by Qotsaautopilot
(Post 3108699)
not off wiki btw, but it’s misinformation that the national debt is a big scary thing and a valid reason to not spend stimulus money on a crisis when it’s very much needed. Also the airlines as a whole got less than $50 billion of a multi trillion dollar package. Keeping the airlines solvent and held together for now is worth the relative small dollars. Why? Because it’s an investment that will pay back more in future tax revenues and law makers know it but unfortunately their kitchen table economist constituents don’t.
I just don’t agree with another stimulus that has so much pork that is non Covid. |
Originally Posted by Tranquility
(Post 3108179)
Dead on arrival or not, it is the responsibility of the Senate to do their ****ing job and pass their version. If the President vetoes what blended version the Congress passes, it’s on him. Like or dislike what’s in HR6800, the House did their job; they passed something, a few months ago in fact. The Senate as usual has done squat and had ample time to negotiate with the House, or to pass their own version and meet in conference..... But, McConnell chose to do NOTHING...
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