Comments on: Here's the Problem

By: 6ftrabbit

6ftrabbit — Tue, 14 Jul 2009 00:30:11 +0000

Yes, and to add to the pain here’s a little preview of what the Cap and Tax bill currently in the Senate might do. Courtesy of California. AB32. Thank you, Nancy.

http://wattsupwiththat.com/2009/07/13/50-grand-tab-for-ab32-global-warming-solutions-act-nevada-looking-better-and-better/#more-9326

“The report concluded that when the program is fully implemented, the average annual loss in gross state output from small businesses alone would be $182.6 billion, approximately a 10% loss in total gross state output. This will translate into nearly 1.1 million lost jobs in California. Lost labor income is estimated to be $76.8 billion, with nearly $5.8 billion lost in indirect taxes.”

“The study reveals that when the plan is fully implemented, California families will be facing increased annual costs of $3,857.”

By: Kevin Elmore

Kevin Elmore — Tue, 14 Jul 2009 00:09:13 +0000

Do not forget the Fed’s monetary policies that changed drastically in the 1970’s when our US$ (currency) was severed from ANY gold backing. The Fed has been inflating like crazy ever since then to create “growth”. My parents said the same thing about never spendinging more than they had, but they had time to earn under relatively stable economic times and “save” — we are just trying to survive.

Kill the Federal Reserve monster and we might just have a chance!

By: ErikW

ErikW — Mon, 13 Jul 2009 20:11:30 +0000

Never spend more than you have…HA when real wages are falling and costs are continueing to skyrocket, what are you to do. Granted you try to live within means but when people in manufacturing are being forced 10,20, even 30% pay cuts, what are you to do????? Globalization is slang for wage cut, wage cut, wage cut!!!

By: Playin Possum

Playin Possum — Mon, 13 Jul 2009 18:18:28 +0000

That’s half the problem. The other half is that globalism stole us blind and ruined our wages.

I don’t know about you – maybe you just borrowed and partied it away. I borrowed to survive. I didn’t have a choice. In a sense I’m a victim. And I see no reason why I – or millions of others who got screwed – should have to pay back a cent of it.

By: Gene Boettcher

Gene Boettcher — Mon, 13 Jul 2009 17:42:55 +0000

We should be driving the government. Aren’t they here to serve us?

By: JohnC

JohnC — Mon, 13 Jul 2009 16:24:54 +0000

Are you surprised?
Remember Mom and Dad advising us “Never spend more that you have”?

The government has been driving this for years. Come to think o fit, they have driven everything that is wrong with this country for a long time.