I REALLY Appreciate how Humble the Obama's are in this "Great Recession"...

[mudwhistle]

U.S. Is Bankrupt and We Don't Even Know

Last month, the International Monetary Fund released its annual review of U.S. economic policy. Its summary contained these bland words about U.S. fiscal policy: “Directors welcomed the authorities’ commitment to fiscal stabilization, but noted that a larger than budgeted adjustment would be required to stabilize debt-to-GDP.”

But delve deeper, and you will find that the IMF has effectively pronounced the U.S. bankrupt. Section 6 of the July 2010 Selected Issues Paper says: “The U.S. fiscal gap associated with today’s federal fiscal policy is huge for plausible discount rates.” It adds that “closing the fiscal gap requires a permanent annual fiscal adjustment equal to about 14 percent of U.S. GDP.”

The fiscal gap is the value today (the present value) of the difference between projected spending (including servicing official debt) and projected revenue in all future years.

61 Percent of Employees Live Paycheck to Paycheck

One-third reduce long-term savings plans to make ends meet. A majority of American employees are finding themselves hard-pressed to live up to their household budgets, according to a new report from CareerBuilder. The survey of more than 4,400 full-time U.S. staffers found that 61 percent of respondents reported that they always or usually live paycheck to paycheck, an increase from 47 percent in 2008.

One-in-five workers (21 percent) polled said they are taking money from their long-term savings to satisfy financial burdens and have decreased their personal savings or 401(k) contributions over the last six months.

One-third of employees have forgone long-term savings plans. They have increased their savings each month (33 percent) and do not participate in 401(k)s, IRAs or other retirement plans (36 percent). Of those who did attempt to save, 30 percent saved $100 per month and 16 percent saved less than $50 per month.

Good times in the Government sector at the expense of the private sector. Obama gave government employees a huge raise. They make more than twice the money that their civilian counterparts do.

Nice chart but deceptive. It does not compare similar job functions only gross pay. Government farmed out low paying jobs to private companys decades ago. There are no government janitors. Most of the government employees have college degrees and decades of experience.

When you compare like job titles and experience, government makes 20% less. When you compare executive salaries and compensation, government makes 70% less

I sense a big push coming to cut military pay.

 

[topspin]

Gut the military.

 

[daveman]

U.S. Is Bankrupt and We Don't Even Know


61 Percent of Employees Live Paycheck to Paycheck


Good times in the Government sector at the expense of the private sector. Obama gave government employees a huge raise. They make more than twice the money that their civilian counterparts do.

Nice chart but deceptive. It does not compare similar job functions only gross pay. Government farmed out low paying jobs to private companys decades ago. There are no government janitors. Most of the government employees have college degrees and decades of experience.

When you compare like job titles and experience, government makes 20% less. When you compare executive salaries and compensation, government makes 70% less

I sense a big push coming to cut military pay.

Yeah, that'll be great for retention and recruiting.

 

[daveman]

Gut the military.

Stop giving money to crack whores.

No, not you, personally; you can do with your money what you like. I meant welfare.

 

[ConHog]

Gut the military.

Stop giving money to crack whores.

No, not you, personally; you can do with your money what you like. I meant welfare.

Any money topspin has came from welfare. FACT

 

[daveman]

Gut the military.

Stop giving money to crack whores.

No, not you, personally; you can do with your money what you like. I meant welfare.

Any money topspin has came from welfare. FACT

I bet you a thousand dollars.

 

[topspin]

I'd rather take welfare than shoot kids for pot. Narc

 

[ConHog]

I'd rather take welfare than shoot kids for pot. Narc

I am pretty sure I've saved more kids than I've shot. Wait, I've never shot a kid, so that would be pretty easy to make true.

 

[ConHog]

Stop giving money to crack whores.

No, not you, personally; you can do with your money what you like. I meant welfare.

Any money topspin has came from welfare. FACT

I bet you a thousand dollars.

Now THAT was some funny.

Here is another classic

"I is an MBA and your just a history major who could only get an officer in the reserves"

 

[Avatar4321]

Let's worry less about the Obama's being humble and focus on us being Humble.

Pride comes before the fall. If they aren't humble, God will cause them to fall. Same if we aren't humble.

But if we are humble. God will bless us, even if the Obamas are never humble or if their fall doesnt come for decades.

Let's be compassionate, there isn't enough of that anymore.

I think Obama needs a lesson in humility.

Who's gonna give it to him if nobody speaks out?

God. He's good at that.

 

[Avatar4321]

I'd rather take welfare than shoot kids for pot. Narc

You know, that really isn't an either/or proposition.

 

[daveman]

Any money topspin has came from welfare. FACT

I bet you a thousand dollars.

Now THAT was some funny.

Here is another classic

"I is an MBA and your just a history major who could only get an officer in the reserves"

 

[Care4all]

The people with money to spare need to kick it up a bit and spend more, or spend like crazy! BUT they need to spend it here, in their OWN country, imo.

those of us, just getting by, need to save what money we can....

BTW, a previous thread on this had an article that said the trip was paid for, including the cost of the plane, by the Obama's and NOT tax payer's money? When did this change to the taxpayers footing 300k?

 

[jknowgood]

bush was at his ranch in texas, and if i remember it had a building on the property that he paid for, that he could run his daily task just as if he was at the white house. also the media constantly brout up the trips to ranch, but the hide all of obama and company's outings.

 

[Rinata]

Why should we because if it were Buooooosh you would be making enough noise for everybody 5 times over. Anyway it really wouldn't matter if the economy was this bad with any prident I don't think they would allow their families to make this many trips.

LET THEM EAT CAKE

ignore Rinata, all that bitch has is "you're a racist"

I try but sometimes there are those monments that something should be said. I read some where that obamas mother was white. so how can he be black?

Oh, you read this, "somewhere". Where?? You're too lame brained to even remember that.

 

[ConservativeDad]

The people with money to spare need to kick it up a bit and spend more, or spend like crazy! BUT they need to spend it here, in their OWN country, imo.

those of us, just getting by, need to save what money we can....

BTW, a previous thread on this had an article that said the trip was paid for, including the cost of the plane, by the Obama's and NOT tax payer's money? When did this change to the taxpayers footing 300k?

300k is the estimated cost for the security details, fuel & operating costs for the aircraft, and all the trappings that would follow the first family on any trip. Abaout the same price tag as the Obama date-nite in the big apple. The consternation comes from those who see an extravagant holiday from those telling America they need to cut back a tad hypocritical.

Supposedly, the Obamas are paying all their own personal expenses. My guess is that at some point, Michelle will call a Spanish kid fat, and write the whole trip off as a diplomatic mission

 

[Rinata]

I will never believe there is this much hate for Obama because of his policies. Supposedly that was the reason for hating Bill Clinton too. But I never believed that. Good old Bubba cheated Bush 41 out of a second term. Plus the fact that he was a democrat and a lib was the real reason for all of that conservative hate.

I read once that Obama is so hated because he is a trifecta: (1) Black, (2) Liberal & (3) Democrat!!! And that's the truth.

Conservatives are nothing but whiny, snivelling children that cannot ever lose graciously. But you all keep saying it's his policies you don't like, just like you did with Clinton.

 

[saveliberty]

I will never believe there is this much hate for Obama because of his policies. Supposedly that was the reason for hating Bill Clinton too. But I never believed that. Good old Bubba cheated Bush 41 out of a second term. Plus the fact that he was a democrat and a lib was the real reason for all of that conservative hate.

I read once that Obama is so hated because he is a trifecta: (1) Black, (2) Liberal & (3) Democrat!!! And that's the truth.

Conservatives are nothing but whiny, snivelling children that cannot ever lose graciously. But you all keep saying it's his policies you don't like, just like you did with Clinton.

Might want to stock up on gracious for November. In a pinch, you can just continue with your whiny third-grader routine.

 

[ConservativeDad]

I will never believe there is this much hate for Obama because of his policies. Supposedly that was the reason for hating Bill Clinton too. But I never believed that. Good old Bubba cheated Bush 41 out of a second term. Plus the fact that he was a democrat and a lib was the real reason for all of that conservative hate.

I read once that Obama is so hated because he is a trifecta: (1) Black, (2) Liberal & (3) Democrat!!! And that's the truth.

Conservatives are nothing but whiny, snivelling children that cannot ever lose graciously. But you all keep saying it's his policies you don't like, just like you did with Clinton.

No need to get your panties all in a twist. I don't hate either one of them. Clinton will be compared to the dem presidents who preceded and followed him. Makes him look like a frigging genius!! And Obama? He was indoctrinated, educated, and groomed by socialist radicals to be exactly what he is. Basically, he was grown like a weed. You don't hate the weed. You just pluck it, toss it on the compost heap, and later use it to grow something useful.

 

[jknowgood]

What a bunch of whining, snivelling, fatheaded, idiots. If it were any other president, you wouldn't open your stupid mouths. Obama has not taken anywhere near the time off that W did. But then, W was the right color wasn't he??

We have a black president, fools. Live with it.

bush didn't fly mrs. bush to new york just for a dinner and a show either. i bet you whined when bush went to his house. i don't care obama is black.