Posted on 03/29/2011 2:48:49 PM PDT by Rca2000
It now seems that EVERYONE is broke!! Individuals, towns, cities, and the WHOLE country!! AL I hear is how "no one has ANY money anymore--business, schools, charities, etc. It seems that nearly everyone is broke anymore.
Case in point. Not far from here, maybe 10 miles away--a well--known school district passed a BIG levy, maybe a YEAR ago. Now, they are broke AGAIN and threatening massive"cuts" as schools always do. The people of this upper-middle class area most likely will see another levy in a couple of months.
What happened to all of the money?? That levy was for millions--why are they broke again??
And that is not the only school like that. Most schools seem to be like this.
I seem to recall, when I was a kid, maybe 35-40 years ago...this country seemed to have PLENTY of money for EVERYTHING it needed to do. We had a top-notch military, space program, schools were not always broke, nor did most every state and city run huge budget deficits. People had good jobs--and were paid well--and were loyal, comfortable employees.
Now-we as a country are about 14 TRILLION in debt--but STILL nearly everyone is broke!! IN the last 3 years alone---about 5 Trillion has been flushed down the drain, to NO improvement. Still--no one seems to have any money. And NO ONE seems to have decent jobs anymore--and employers do NOT seem to be willing to pay much, either. Needless to say, few employees feel secure, or comfortable at their jobs.
SO---just WHERE did the money go??
Is it all going to the illegals and their "expenses"?? Is it all somehow being funneled to the "peaceful" Muslims??
Of have a bunch of super-rich people simply been squirreling it all away?? TRILLIONS?? I really doubt THAT.
But somehow--trillions have just "disappeared". Now--we have a weak military, a dying space program, no energy policy--and things are getting WORSE!!
Anyone have any ideas??
Soros has most of it. The DemocRATS, the union thugs and GE have the rest. IMHO.
PABL
Pissed Away By Liberals
Are you serious? New Deal & Great Society, add to that unionization of public employees and giving them collective bargaining rights and it didn't take a degree in calculus to figure out where we'd end up.
Its been a long time coming, but its finally here.
People ought to be p*ssed off enought to be up in arms. But I guess the TV really has been that good.
Most of the “money” that we had here was debt, both on an individual and a societal level. Most people buy things on credit, not the same as real money. Government spending is the same way.
Secondly, inflation is causing the actual money that you have to be worth less and less. Some of my Air Force buddies in Europe actually get a cost of living allowance of about $1000 while their stationed in Europe. Because you would be in poverty with a normal paycheck in dollars compared to the price of the Euro.
Excessive debt causing credit to be cut off + Inflation = no money
To put it in perspective, the estimate to rebuild Japan after the earthquake/tsunami/nuclear meltdown is only $180 Billion.
But if that was the case...shouldn’t thee be something tangible to show for it?? We are talking trillions, remember. For that money—we should have a moonbase, Mars landing, energy independence and have cured most of the major illnesses. Instead...we have NONE of those—but are over 14T in debt!!
With government management, no. We have the proverbial paying a guy to dig a hole and paying another guy to fill it in x a trillion.
If you give the federal “g” gangsta your money you’ll get about 1 % back and they will tell you, you need to pitch in you racist basta%$...are you kidding, they are robbing us blind and using it against us, they need to be stripped of their ability to take from the people, all taxes should go to states..we can hold them accountable
Do you have any idea how much all of this costs? About right now about 4 trillion a year.
Our first quarter sales are wayyyyy down. I’m literally begging for purchase orders the next few days in order to bring March some respectability. Giving deeper discounts as well, so our margins will suffer.
We are contracted for quite a bit of stuff in the near future, but this economy absolutely sucks.
The only decent sized projects are public works projects (because it is OUR money, not theirs) and my guess is even they will dry up later in the year.
Good question. Remember that roughly $7 trillion went into the reduction in value of real estate. Furthermore, that real estate used to collateralize lots of lending. So its collaterlization value has declined, *and* the willingness of lenders to lend, as well as the quality of borrowers, have both declined. That right there is probably the bulk of your $14 trillion.
That’s one aspect. Another aspect is the perception of “how much money there is” is more a perception of money velocity than measuring how big your stack, my stack, his stack is. Monetary velocity has been drastically reduced because there is a modestly widespread (not universal) perception that investing in businesses is not a great idea when the rules and goalposts for business success can and will shift at any time. There is a perception that what we see in those green closes in the stock market on the 6 o’clock news does not in any way reflect the real economy out there.
And of course there is little escaping the perception of depression-era levels of unemployment and food stamp use. One in seven Americans on food stamps. That leaves me speechless.
Saw where LIGHTS OUT is getting cancelled. Guess everyone’s watching AMERICAN IDOL and DANCING WITH THE “WASH UP” STARS and BALD HEADED POLITICIANS.
The interest on the debt is where most of this money went.
Politicians found it easier to give the illusion of a higher standard of living, through accumulation of debt rather than try and convince you, the voter, to say no to every program.
I remember trying to convince people 15 years ago of the dangers of debt, when the US was only about a trillion in debt and they didn’t see the problem of of it.
The truth of the matter is that your country is no longer going farther into debt to give yourselves a higher standard of living than you can really afford. Now you guys are inctreasing your debt in hopes of delaying the time your debt comes due.
Quite large piles have been lured away to hidden places via creative bookkeeping, not the least of which = Comprehensive Annual Financial Report (CAFR.
In terms of having something tangible for your money, you would have had to build something tabgible to have something tangible.
Your politicians, instead, chose to spend that money on the intangibles, like health, welfare, and education. The very stuff that would disappear the moment you can’t afford it anymore.
And other welfare haven't been hurt either SFAIK.
ML/NJ
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