You can’t continue to borrow to cover debt. You must cut spending! It is that plain and simple. Or just default and file for bankruptcy.
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Tag: politics
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Increase borrowing…
Here is a real life situation:
1. Invest cash, credit and other sources of income with TPTB and pals.
2. Debtor continues to default on repayment of principal and interest to creditor based on trust, promises and guarantees.
3. Creditor defaults on borrowings to fund investments with debtor and ruins credit ratings.
4. Creditor settles on borrowings with other sources of borrowings.
5. Debtor continues to borrow to repay other sources of borrowings and expenses.—
There are two ways to avoid default and/or bankruptcy:
1. Increase borrowings and/or
2. Increase taxes.—
Option two would place undo burden (or heavily “tax”) citizens.
Option one personally worked for me but allows repayment/settlement as arraigned with compassionate creditors.Posted from WordPress for Android
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Stalemate debt…
Why are these politicians playing with some sort of experiment on the lives of people, animals, plants and minerals with their grand Masonic chessboard of black and white? The black/dark squares are those that cannot give it up. The white/light squares are those that are willing to give it up. What’s going on, really? Again, it is prudent to pay off the creditors first than all other obligations, such as Social Security, Medicare, Medical, welfare and other socialist-type benefits. Entitlements can wait. The rest can die.
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No cure…
“[Once medicine has been discovered and is ready for the public, the government will NOT stop the bio-pharmaceutical industry from selling their poisons at the highest price possible. The government wants revenue in the form of taxes as “pay-back” for funding the research and development of these “health rememdies”. Of course, people will never get the cure they had hope for themselves and future generation.]” ~Maw’s theory after lunch today at 14:41pm.
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Hard lesson by hard teacher…
Samoan Shame – WARNING: CONTAINS GRAPHIC VIOLENCE by mikeiafeta
“take them back to their roots and make them understand who they are…”
“Do you think we let you keep on stealing other people’s stuff? Eh?”
“Who da hell do you think you are? Huh?”
I love “Joanna”! “Peter” deserved to be disciplined. I’m sure TPTB and pals will learn about “SHAME“. For example, Obama’s actions brought shame upon his people.
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Increase taxes…
I hate to say it but the wealthy need to be taxed. I believe they are Republicans, too. It is almost next to impossible to cut spending. That’s what Ben had mentioned in a LONG conversation with four other old timers (the twosome, his wife and Fred, who had on a dirty gray shirt-yuch!)
Addendum-Draft saved at 5:26:33 am. Last edited on 20110724 at 03:19:55 AM UTC: We were walking in the Great Mall (Milpitas, CA) when we encountered “Minh” sitting on a chair and waiting for Ben and Fred. Later I saw Gloria walking with the wife of the florist. We had encountered them earlier this morning at the Farmer’s Market near Piedmont High School.
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Cut it out…
I like Neil Cavuto and how he keeps asking direct questions and won’t back down until the questions are answered properly.
So Speaker Boehner and POTUS Obama are talking about the debt since 11:00am Eastern Time. The goal, as per Neil Cavuto this morning, is to cut spending and taxes at the same time.
By cutting spending, such as Medicare, Medicaid, Social Security, welfare and other socialized benefits, which are NOT entitlements, the citizens will have no other choice but to look for a job.
By cutting taxes, without any special treatment to any entities, the businesses have no choice but to open shop and hire these deadbeats, who have been spoiled by the government handouts.
As far of giving us no definite answers or timeline, that’s how these non-human entities operate – to tell lies upon lies because one truth will unravel all the other lies. I personally know this truth.
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Millionaires gone…
“Try to do your best and work hard. You can have child/ren only once. If your child/ren turn out good, you are okay, but if not you are on your own later on in your life.” Said Mrs. Christensen (the supervisor) to Maw before she left Virginia.
Four of Maw’s patients were once millionaires but died penniless because the government wouldn’t help them since they were wealthy. One didn’t transfer her wealth to her daughter before she got sick. But it was to late.
Mrs. Helen Smith (?), Mr. Simpson (?), Mr. Leedman (?), and Mr. Paramoor (?) all had the same story. You can’t take money to heaven. Learn to live within your means and never spend beyond your budget. Without money, you cannot retire.
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Cisco To Shed 10,000 Jobs While Asking For Giant Corporate Tax Break | ThinkProgress
In recent news,
Cisco To Shed 10,000 Jobs While Asking For Giant Corporate Tax Break | ThinkProgress
“In an attempt to “revive profit,” corporate giant Cisco Systems is expected to announce that it’s laying off 10,000 workers, or 14 percent of its workforce:”
“The cuts include as many as 7,000 jobs that would be eliminated by the end of August,”
“Eliminating jobs will help Cisco wring $1 billion in expenses“
And y’all wondered why I left on June 22; while someone lived on his truck that same year. There was something strange about the timing of my position, the department, the management philosophy, the secured lock-downs and federal contracts.
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No patience…
“You have no “cha-ga”! Whenever you have no patience something happens. You have no “cha-ga”! You have no patience.” ~Maw freaking out in the back seat again and everyday! She’s short-circuiting, typical of sensitive old timers.
Paw and I bought a $5.00 Pepperoni pizza from Little Caesar pizza. The Chinese kid didn’t ring up the order properly for a visual of $5.41 and didn’t give us our receipt, except crinkle it and throw it away: That’s not nice service. This franchise is next to King’s Eggrolls. Anyway, what do you expect from a fast-food pizza joint that just barely started up in MY neighborhood?
Anyway, I didn’t want to wait for the traffic to pass, backed out to take the long route back, ended up making a U-turn within the parking lot, got a narrow exit between a parked truck to my left, an incoming vehicle and parked cars to my right.
My mind wanted to scream at the crone: “Your asthma is your karma for mouthing off criticism to your family every day! If you just shut your trap, you might be able to breathe better and get more oxygen to your stubborn brain!”
Actually, I do have patience — over ten slong years of waiting for the fat bastard to act on his promises and guarantees. But like any politicians, our government has ways of creating snags that delays the inevitable.
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Two cheeks on the same ass…
You’ve got the Reptilicans and the Demoncraps serving Satan. How would you exorcise these Satan worshipers?
- End taxes and other socialized benefits.
- End wars and other imprisonments.
- End oligarchs and corporists.
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Pay parents back…
I actually care about getting my money back from TPTB and pals because most of it belongs to my parents by their own hard work and retirement funds. Without their faith in God, they too would have depended on their two ungrateful children for health expenses in their old age.
I owe my parents more than $500,000: for $480,000 free lodging since 18 years old; for food and clothing; for health expenses of $10,000 metal teeth braces and $16,000 hearing aid; for automobile expenses of car maintenance and repairs; for $40,000 in credit card expenses and for other emergency and non-emergency services.
So you see, while they follow the path of righteousness, the reason why I didn’t go after the “gifted folks” is because they too have a choice to make: to follow the correct path to God. If you want that favored GOP to win, so be it because that groups still owes moi.
The current POTUS served well but the angry people don’t seem to “see” that now. I await your return.