NO LIBERALS! 
The LIEberman, Dodd, and Simmons Trio
Posted on 05/15/2009 8:10:42 PM PDT by sickoflibs
I’m going to have to take issue with this post. Debt is necessary in an economy which wants to expand. If you’re referring to people who live off of easy credit, who charge every purchase on credit, and who are debt up tho their eyeballs with no sound way to repay this debt, then I agree. That needs to stop and the market has ways of punishing that behavior.
But most businessmen can’t afford what they need to expand /start-up unless they go into debt. Most people wouldn’t be able to own cars or homes if they couldn’t go into debt. The reason is because these purchases are large, and people don’t make all their income at once.
As for the housing bubble, cheap money is always influential in bubbles, going back to the Mississippi and South Sea bubbles. The new money and lower interest rates fuel speculation and bubble activity while it is generally some sort of government policy or fad of the time that directs where that money will go.
I’ve never borrowed one cent including running a business that employe an average of 25 people for over 40 years.
The only money i’ve borrowed was a first mortgage on our first home.
Everything else was paid for in cash including cars, my airplane, and our condo which we currently use as our residence and our home as a second home.
I grew up in the depression and that’s how I was raised and that’s how my parents lived.
They saved enough durring the depression to start the business without borrowing and built their home in an upscale neighborhood in 1936 and only borrowed a 1st on that home and never for anything else.
I have nothing but contempt for anyone that buys things on credit.
Of the hundreds of people that I had as employees I can count on my 2 hands the ones that had more than a pot to piss in and they paid cash for everything they had. The rest were in hock up to their asses and never had anything worth talking about.
I commend you. Growing up in an entirely different generation that lives off loans, grants, debt, and their parents money, I am most envious of the generation that has the audacity to save rather than consume.
But their is a difference between that kind of debt and the kind needed to fund the modern economy. Nobody I know has the money to pay for a house out right. I believe putting money down is a very important and necessary step to acquiring a mortgage, but nonetheless, the mortgage must be acquired and that is debt.
I also commend you for your business. I hope things are going well for you now. My dad owned a pizza place which he sold about a year ago. I realize how difficult running a business can be. But not all businesses can operate from money they have on hand. So long as they can provide a steady stream of payments to the creditor (or in other words, prove their creditworthiness as determined by the creditor) there is no problem with debt. Businesses sell bonds all the time.
I’m not by any means advocating that everyone go out and buy a bunch of things on credit. What I’m saying is that many people can not do without debt to finance their aspirations, and the determination of who should qualify for saved funds should come from creditors, the people who risk losing their money. Don’t get me wrong, this country NEEDS a nice sweep of fiscal discipline and I believe that will be coming soon enough.
I agree with both of you. Some businesses need loans and are very conservative about the risk and their ability to repay. On the other hand, we have others playing craps with (or maybe stealing) someone else's money, and then asking Bush/Obama for help.
Remember California's Prop 1C in 2006? It authorized the selling of $2.9 billions in bonds for the "Housing and Emergency Shelter Trust Fund Act of 2006." That included over $1 billion in grants and loans for "downpayment assistance" for low- and moderate-income homebuyers.
I agree that those who couldn't afford to buy homes, but did, were deadbeats. But they were aided and abetted by government at many levels along with unscrupulous mortgage sellers who cared only about a commission. That those mortgage holders then sold them up the daisy chain to even more unscrupulous characters is criminal racketeering, in my book.
A friend of my mother’s, A Catholic priest from South America, here legally, sent by the church, there was some problem and he just had to go back for a few months to reapply for something.
Meanwhile a hundred more people walk into Texas.
NO LIBERALS!
The LIEberman, Dodd, and Simmons Trio
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Hopefully, Blunt, McCain, and Crist will lose their primaries.
Hopefully they ALL lose their primaries, though it’s much harder with the incumbents. I don’t think McCain will be defeated in the primary. The most liberal Republican up for re-election in this cycle is probably Murkowski. She’s much more liberal than McCain has ever been, and has no business representing the heavily conservative state of Alaska. The only reason she’s in office is because her RINO daddy handed her that job on a silver platter and Republicans held their nose for her in November to prevent the liberal RAT from winning.
It will likely be Sununu rather than RINO Bass but I’m sure they’d beg him if Sununu passed.
Cornyn is just awful, to him the more liberal=the more electable.
Lisa Murk definitely needs to be primaried. Palin still has work to do as Governor and if she wants to run for President should definitely not run for Senate.
If she doesn’t win national office she should run against Begich in 2014.
LT Guv Steve Parnell is listed as a possible candidate. I’m not optimistic this RINO will be challenged.
Alaska is very similar to Kansas. 3 parties, Conservative GOP, RINO (very corrupt in Alaska’s case) and Rat.
I’m hopeful Rubio can beat Crist, he has a chance at least. I fear McStain will win easily though.
Dodd looks like french toast and our best shot at a pickup in the Senate. We need Schiff to enter for it to be a worthwhile one.
In case he doesn’t is Sam Caligiuri any better than Simmons? I seem to recall him being discussed before and that he’s no conservative.
In New Hampshire, I’m hoping that Steve Merril comes out of retirement. I’d prefer him to Sununu. And if we have to resort to Bass as the nominee, our situation in New England is even more dire than I thought.
In Alaksa, Steve Parnell will probably primary Don Young, whom he nearly defeated last year.
It’s unfortunate that so many competitive races are in states that went for Gore, Kerry, & Obama.
I want Merrill to run also.
Terrible Senate map. Only 2 McCain states have rat Senators up.
Dorgan in ND, vulnerable only if the Governor runs.
Lincoln in Arkansas, the elderly leading Republican in the race so far just referred to Chuckie ShoeMer as “that Jew”.
Do you get a Social Security Check or Medicare? Any idea where that money comes from?
Hint1: Not from a trust fund! Hint2:Not from those that get benefits.
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