Solution to our debt.

[Andylusion]

One cannot be a millionaire making a slave wage like $20 an hour. Not possible.

Sure they can. In fact, you can end up a millionaire making half that.

Lets say you don't go to college, and you get married, and start working at Walmart at age 20.

So lets do the math.

$10 an hour, is of course $400 a week. Let's say you put just 10% into stock mutual fund that gets about a 10% rate of return. I personally invest in 3 mutual funds that do 12%, 13% and 15% respectively. So 10% return on investment isn't difficult.

View attachment 441460

If you work consistently at Walmart for just $10/hour, from age 20 to 67, at age 67, you would retire with $2 Million dollars.

Of course this graph showing how much money you would have at retirement is completely inaccurate for two specific reasons.

Reason 1: Walmart has a 401K stock matching program, which matches dollar for dollar, the first 6% if your investment.

That means if you invested 10%, you would end up putting in not $40 a week, but rather $64 a week, or $256 a month.

You would end up not with $2 Million, but more like $3.3 Million.

Reason 2: Walmart specifically has a Walmart Employee stock purchase program, where you can buy Walmart stock at a very low price.

So when you add that benefit into the already massive $3 Million plus from your 401K... yes you can very easily end up a millionaire working for low wages.

Again... it's all in spending less money, than you make. It's that simple.

Thanks for all the great financial advice!
But sorry, it doesn't work that way. If you want to learn of all the flaws in your strategy to get rich, just ask me. We Canadians do thing a little different up here and we do pretty well. We're #1 on quality of life while America has fallen to #15.

It's quite simple really but it needs explaining in phases so to speak. Each concept needs to be accepted step by step.

Then why are thousands of Canadian a year, flocking to the US for health care?

As for higher quality of life... I've been to Canada routinely. Know people who live in Canada to this day. Canada is pretty close to the US in terms of quality of life, for average working people.

The problem with saying "the has fallen to (whatever) in quality of life" that depends entirely on where in the US you are talking about.

In places like California, run by left-wing socialist Democrats, it's practically 3rd world. There are places in California dealing with Typhus. An illness, more normal in the 1600s.

But in other places, that isn't the case. The standard of living is very good outside of left-wing democrat socialist destroyed areas.

Now, I will grant you that with the election of Biden, and Democrats, we could very will end up bad all over the country, but we're not even close to that yet.

Thanks for all the great financial advice!
But sorry, it doesn't work that way.

No, that pretty much is in fact the way it works.

My parents are millionaires. They were just public school teachers.

A janitor secretly amassed an $8 million fortune and left most of it to his library and hospital

A one-time janitor and gas station attendant demonstrated that you can become a multimillionaire with a modest salary.

www.cnbc.com

It's that simple. Even a janitor can become a multi-millionaire... just by spending less than you make, and saving and investing. That simple.

 

[Donald H]

Then why are thousands of Canadian a year, flocking to the US for health care?

As for higher quality of life... I've been to Canada routinely. Know people who live in Canada to this day. Canada is pretty close to the US in terms of quality of life, for average working people.

The problem with saying "the has fallen to (whatever) in quality of life" that depends entirely on where in the US you are talking about.

In places like California, run by left-wing socialist Democrats, it's practically 3rd world. There are places in California dealing with Typhus. An illness, more normal in the 1600s.

But in other places, that isn't the case. The standard of living is very good outside of left-wing democrat socialist destroyed areas.

Now, I will grant you that with the election of Biden, and Democrats, we could very will end up bad all over the country, but we're not even close to that yet.

Thanks for all the great financial advice!
But sorry, it doesn't work that way.

No, that pretty much is in fact the way it works.

My parents are millionaires. They were just public school teachers.

A janitor secretly amassed an $8 million fortune and left most of it to his library and hospital

A one-time janitor and gas station attendant demonstrated that you can become a multimillionaire with a modest salary.

www.cnbc.com

It's that simple. Even a janitor can become a multi-millionaire... just by spending less than you make, and saving and investing. That simple.

Close to 2 1/2 times more Americans leave their country for health care than do Canadians. (per capita adjusted)

Can we deal with that fact first, and then I'll be happy to deal with the rest of your mistruths and exaggerations?

 

[Andylusion]

Ask a commie? Funny.

Trump could have decided not to enrich China by not having a clothing line if, as your fantasize, it must be made in China. Why didn't he? I'm asking a commie.

Excellent! You've captured the concept of a difference between capitalism America style and capitalism Canadian style.

Trump could have decided to enrich America rather than China but that would have resulted in less profit for Trump.

Don't begrudge Trump just because he's Trump. He's a capitalist and we all subscribe to the capitalist system. That ends lesson #1.

I await your reply before we proceed to lesson #2. It gets more exciting and a little more complicated as we go along. It's going to eventually deal with the reasons why the OP is so wrong.

Both of you are wrong.

The key flaw in your argument is here:

"Trump could have decided to enrich America rather than China but that would have resulted in less profit for Trump."

Now to be open and honest, it is true that I do not have access to the actual numbers, but of course you two don't either.

What I do know, because I was involved in a company that dealt with this issue, is that you are making an assumption that is not automatically true.

You are assuming that companies could choose to make things domestically, or internationally, and make a profit either way. You are assuming that the reason they are outsourcing is because they make a little profit here, or a big profit there.

That is often not at all the case. Most of the time it's either make a profit outsourcing, or don't.

At my company, a specific customer wanted a product built for them at a given price point. We ran the numbers a dozen times. No matter how we cut it, to have the product produced domestically, was simply impossible, without incurring a loss.

The company was faced with three options. They could build the product here, and lose money on each unit built. They could not build the unit at all, and just lose the contract. Or they could outsource to China.

They outsourced to china. Which sucked by the way. Outsourcing sucks. Ignorant people have this wacky idea that outsourcing is like sending and email, and collecting massive checks of profit or something.

Not like that. It's more like spending hours and hours at 4 AM calling people, speaking through translators, and then having the instructions built wrong because they didn't do the conversion right, having to fly to China, and spend a day trying to explain to everyone "that's wrong", and so on.

We sent them parts to build 5 demo units, and when they sent them back, each unit was built different than the others. It was amazing, not one unit was like any of other other units. Like each was a one-off product.

So outsourcing sucks. It's not something you do because you can save a penny. It's something you do, when the option is either outsource or don't build the product.

One last thing I'd like to confront, is this idea, that it is either us or them. That in capitalism, one person gets richer, while the other gets poorer. That isn't how it works.

This idea that somehow if we outsource to China, that this means the US is getting poorer. Not true.

Yes, we outsourced the production using low-wage labor. That's true. But we hired a dozen engineers, that designed and created the product to be built.

Further all the profits that came back to the company were used in creating more jobs and more products. How do you think we paid those American engineers to design the product?

This is why you don't see the same complaining in Japan for example, that you do in the US. In Japan they have no problem with Honda opening a plant here in the US, that sale cars all over the world. Why? Because the profits from that operation flow back to Japan which is where Honda is located. Same with Toyota, and numerous other foreign owned, but locally operated companies.

They all understand that outsourcing builds the country where those profits flow back to.

Because here is the alternative. If we didn't outsource to China, it's not like US workers would have those jobs. A product that can't be built profitably, simply isn't built. If we didn't have the product built outside the US, we simply would not have had it built. Which also means that the engineers that were hired here in the US, would not have been hired.

It really is that simple.

As I have said before, if Trump didn't have his line of clothing in China, he likely would not have had it at all.

At least with it outsourced, the profits still came back to American, instead of a foreign brand, where the profits would have flowed to that other country.

What Trump was trying to do, to a more or less extent, was to change the system so that building things in the US, was more profitable. Sometimes he did this in a stupid way, by jacking up taxes on imports which has never worked, and I opposed.

But sometimes he did this is a good way, like reducing the tax burden, and the regulatory burden on companies, so that it was more profitable to have things built in the US.

 

[Andylusion]

Then why are thousands of Canadian a year, flocking to the US for health care?

As for higher quality of life... I've been to Canada routinely. Know people who live in Canada to this day. Canada is pretty close to the US in terms of quality of life, for average working people.

The problem with saying "the has fallen to (whatever) in quality of life" that depends entirely on where in the US you are talking about.

In places like California, run by left-wing socialist Democrats, it's practically 3rd world. There are places in California dealing with Typhus. An illness, more normal in the 1600s.

But in other places, that isn't the case. The standard of living is very good outside of left-wing democrat socialist destroyed areas.

Now, I will grant you that with the election of Biden, and Democrats, we could very will end up bad all over the country, but we're not even close to that yet.

Thanks for all the great financial advice!
But sorry, it doesn't work that way.

No, that pretty much is in fact the way it works.

My parents are millionaires. They were just public school teachers.

A janitor secretly amassed an $8 million fortune and left most of it to his library and hospital

A one-time janitor and gas station attendant demonstrated that you can become a multimillionaire with a modest salary.

www.cnbc.com

It's that simple. Even a janitor can become a multi-millionaire... just by spending less than you make, and saving and investing. That simple.

Close to 2 1/2 times more Americans leave their country for health care than do Canadians. (per capita adjusted)

Can we deal with that fact first, and then I'll be happy to deal with the rest of your mistruths and exaggerations?

That is true.

However, there is a massive difference in the reasons.

You have "free" health care. Your country forces you citizens, to pay higher taxes, through higher gas, electricity, and of course a sales tax, and so on. Again, I've been to Canada, I know that prices are higher on everything, and the number one cause is taxes.

So, with that in mind, that you are paying a massive amount of money to the government, in exchange for what is supposedly free health care.......

Why would *ANYONE* travel outside Canada to get health care?

See the reason why Americans do shop around for health care, is specifically that.... they are shopping around. There are places that give quality care for a lower price. Are Canadian's shopping for a lower price... when they are paying supposedly zero?

Why would you leave the country for health care, when you paid massive taxes your entire life to get care free?

Well, we know why....

https://www.amazon.com/Lucky-Dog-Being-Veterinarian-Saved/dp/1770893512&tag=ff0d01-20

This Canadian Veterinarian, found a lump in her neck, and went to the doctor, only to be told it would months on months before she could get help.

The entire book, is her talking about how lucky dogs were in Canada, because they got treated better by the clinics, than people got treated, got treated faster, and got better care, than Canadians.

This is why Canadians come to the US for health care, even after paying massive taxes their whole life for free government care.

 

[DustyInfinity]

Maybe we could just be more fiscally responsible.

What a novel concept! Pity those in DC can't manage to do that.

Our current system allows them to, and we don't care enough to change the system.

And because those who profit from the overspending are the ones who would have to pass laws to stop it.

Its like term limits. It gets lip-service, but to pass legislation to do it, the self-serving politicians would have to pass what is not in their best interests.

How in the world do they come up with 6000 page bills which nobody reads? Washington is so far removed from working people it isn't funny.

 

[DustyInfinity]

Working people in America are being cheated out of a piece of the American pie and they have been conditioned and brainwashed into thinking that's acceptable.

Trump had succeeded in placing the blame on black Americans and not on the corporate billionaires where it belongs.

It's not going to get any simpler and straight forward to understand than that.

What in the world are you talking about? Dude, nobody blamed any skin color for anything. Everybody was doing better under Trump, all colors. Just so you know, it is ok to hate the billionaires without deciding to give the government over 50% of people's income. Hate the rich, knock yourself out, just don't let us get raped by Washington.

 

[Andylusion]

Maybe we could just be more fiscally responsible.

What a novel concept! Pity those in DC can't manage to do that.

Our current system allows them to, and we don't care enough to change the system.

And because those who profit from the overspending are the ones who would have to pass laws to stop it.

Its like term limits. It gets lip-service, but to pass legislation to do it, the self-serving politicians would have to pass what is not in their best interests.

How in the world do they come up with 6000 page bills which nobody reads? Washington is so far removed from working people it isn't funny.

Well it's really the public's fault. The public knows all this. You know this. We know this. Everyone knows that government is passing massive bills no one reads. The Democrats openly said as much. They said they made obama huge on purpose, so no one would read it. Wasn't it Pelosi that said they had to pass the bill, in order to find out what was in the bill?

They are not hiding the ball. They are not hiding from the working people. They are open and blatant about it. Biden openly boasted about protecting his son with his presidential power. He didn't even deny the China scandal.

No one is disconnected from the public. They are open, arrogant, and honest about their corruption and evil.

So the problem isn't government. The problem is the public.

The public is informed. They don't care. They even like it. The Democrats openly celebrate evil. They praised evil in the streets. They celebrate corruption, like it was a national holiday.

I remember years ago, a BBC reporter, reporting on an election in a African country, where the person who won, was clearly documented engaging in crime, and he was looting the country, to enrich himself. The people celebrated his election victory, and the reporter was baffled and confused by this. How can they celebrate someone they know is screwing over the country?

On the way back to his hotel in the taxi cab, the reporter was interviewing a citizen who said the reason they celebrated it, was because everyone in the country, wanted to be the next guy to find a way to make tons of money themselves. They were celebrating this evil, because they all hoped they would be the next one to win by fraud or corrupt. As they are riding in this cab, doing this interview, the guy driving the cab turns around and say, yeah that's right. I want to get wealthy too.

That's America today. That's how it is. The people want Biden to win, because they want to be the next person to engage in crime and get wealthy from it. That's why they loved and supported the looting. The loved the back room deals with China. They loved the riots and tearing down public property and burning buildings. They loved all of it.

We have to face the facts that the American public no longer supports good over evil. They are in fact the very evil in the country, themselves. Lesh, and Candy, and MarcTL, and all those people. They celebrate evil, because they are the evil. AOC, Omar, Karris... we can yell at them until the end of time, but it's the public that support them, that is the real evil, and if we get rid of those politicians, Lesh and Candy and MarcTL, will just find some other evil person to elect in their place.

 

[donttread]

it doesnt work like that...

Right, the way it works is, the US continues to sell out to China and keeps mounting debt exponentially, which further deludes the value of your own wealth as the economy continues to tank. Then when it implodes you blame Trump and the lack of a proper socialist dictatorship to stop it.

Trump contributed to the rise of China. He had his stuff made over there instead of hiring Americans.
You punished him by pledging your everlasting support.

That is the dumbest reply I've seen in this thread. Really? Really Candy? You actually think that if Trump sells 100 of his over priced ties, and button down business shirts in China, that that alone, in and of itself, caused the rise of China? Really Candy? REALLY?

He "contributed" to it?

Really? China had $2.6 Trillion in exports. Of that only $250 Billion were textiles. Of that only $1 Billion was men's suits. I wager that Trumps ties couldn't even be a high enough value in total exports, to even be counted.

If Trump had not done anything in China, no one anywhere, here or in China, would even have noticed it.

You people.... "Trump contributed to the rise of China." XD

Trump contributed directly to the rise of china.
Biden did not.

Sorry...those are the facts and they are not in dispute.

Contributed to the "rise of China" ? How. He actually took actions that no one in China's pocket would have done and in fact that no Mainstream president has even tried to do ( despite promises) in decades.Such as bring manufacturing home and not cow towing to China over their poor information on the virus. Another thing that no president has done in along time was to decrease our war presence. So what facts are you refrring to exactly?

He paid a factory in China to make his products. He could have accepted a smaller profit margin and paid Americans.

and hunter biden could have worked for an american company,,, instead he chose to work for foreign countries his father the VP has ties to,,

Hunter is a POS with as far I can tell few or zero redeeming value. He married his brother's widow while having unprotected sex with a stripper and then refusing to pay her child support. But he is not his dad so I am more interested in Joe's behavior on the matter which is certainly questionable at best.

 

[progressive hunter]

it doesnt work like that...

Right, the way it works is, the US continues to sell out to China and keeps mounting debt exponentially, which further deludes the value of your own wealth as the economy continues to tank. Then when it implodes you blame Trump and the lack of a proper socialist dictatorship to stop it.

Trump contributed to the rise of China. He had his stuff made over there instead of hiring Americans.
You punished him by pledging your everlasting support.

That is the dumbest reply I've seen in this thread. Really? Really Candy? You actually think that if Trump sells 100 of his over priced ties, and button down business shirts in China, that that alone, in and of itself, caused the rise of China? Really Candy? REALLY?

He "contributed" to it?

Really? China had $2.6 Trillion in exports. Of that only $250 Billion were textiles. Of that only $1 Billion was men's suits. I wager that Trumps ties couldn't even be a high enough value in total exports, to even be counted.

If Trump had not done anything in China, no one anywhere, here or in China, would even have noticed it.

You people.... "Trump contributed to the rise of China." XD

Trump contributed directly to the rise of china.
Biden did not.

Sorry...those are the facts and they are not in dispute.

Contributed to the "rise of China" ? How. He actually took actions that no one in China's pocket would have done and in fact that no Mainstream president has even tried to do ( despite promises) in decades.Such as bring manufacturing home and not cow towing to China over their poor information on the virus. Another thing that no president has done in along time was to decrease our war presence. So what facts are you refrring to exactly?

He paid a factory in China to make his products. He could have accepted a smaller profit margin and paid Americans.

and hunter biden could have worked for an american company,,, instead he chose to work for foreign countries his father the VP has ties to,,

Hunter is a POS with as far I can tell few or zero redeeming value. He married his brother's widow while having unprotected sex with a stripper and then refusing to pay her child support. But he is not his dad so I am more interested in Joe's behavior on the matter which is certainly questionable at best.

joes behavior created hunter,,,

 

[donttread]

it doesnt work like that...

Right, the way it works is, the US continues to sell out to China and keeps mounting debt exponentially, which further deludes the value of your own wealth as the economy continues to tank. Then when it implodes you blame Trump and the lack of a proper socialist dictatorship to stop it.

Trump contributed to the rise of China. He had his stuff made over there instead of hiring Americans.
You punished him by pledging your everlasting support.

That is the dumbest reply I've seen in this thread. Really? Really Candy? You actually think that if Trump sells 100 of his over priced ties, and button down business shirts in China, that that alone, in and of itself, caused the rise of China? Really Candy? REALLY?

He "contributed" to it?

Really? China had $2.6 Trillion in exports. Of that only $250 Billion were textiles. Of that only $1 Billion was men's suits. I wager that Trumps ties couldn't even be a high enough value in total exports, to even be counted.

If Trump had not done anything in China, no one anywhere, here or in China, would even have noticed it.

You people.... "Trump contributed to the rise of China." XD

Trump contributed directly to the rise of china.
Biden did not.

Sorry...those are the facts and they are not in dispute.

Contributed to the "rise of China" ? How. He actually took actions that no one in China's pocket would have done and in fact that no Mainstream president has even tried to do ( despite promises) in decades.Such as bring manufacturing home and not cow towing to China over their poor information on the virus. Another thing that no president has done in along time was to decrease our war presence. So what facts are you refrring to exactly?

He paid a factory in China to make his products. He could have accepted a smaller profit margin and paid Americans.

He probably did that because he was a businessman and high corporate taxes ( paid always bu consumers) It's not like high corporate taxes cause Fortune 500 CEA's to drive Chevy's or their kids to have to wait in the long line at Amusement parks. No the consumer pays them. But businesses do leave the country because of them. When he got in office he lowered those corporate taxex and started to bring manufacturing back and caused a booming economy that for once reached doen the working man, many of thos poor blacks.

 

[progressive hunter]

it doesnt work like that...

Right, the way it works is, the US continues to sell out to China and keeps mounting debt exponentially, which further deludes the value of your own wealth as the economy continues to tank. Then when it implodes you blame Trump and the lack of a proper socialist dictatorship to stop it.

Trump contributed to the rise of China. He had his stuff made over there instead of hiring Americans.
You punished him by pledging your everlasting support.

That is the dumbest reply I've seen in this thread. Really? Really Candy? You actually think that if Trump sells 100 of his over priced ties, and button down business shirts in China, that that alone, in and of itself, caused the rise of China? Really Candy? REALLY?

He "contributed" to it?

Really? China had $2.6 Trillion in exports. Of that only $250 Billion were textiles. Of that only $1 Billion was men's suits. I wager that Trumps ties couldn't even be a high enough value in total exports, to even be counted.

If Trump had not done anything in China, no one anywhere, here or in China, would even have noticed it.

You people.... "Trump contributed to the rise of China." XD

Trump contributed directly to the rise of china.
Biden did not.

Sorry...those are the facts and they are not in dispute.

Contributed to the "rise of China" ? How. He actually took actions that no one in China's pocket would have done and in fact that no Mainstream president has even tried to do ( despite promises) in decades.Such as bring manufacturing home and not cow towing to China over their poor information on the virus. Another thing that no president has done in along time was to decrease our war presence. So what facts are you refrring to exactly?

He paid a factory in China to make his products. He could have accepted a smaller profit margin and paid Americans.

and hunter biden could have worked for an american company,,, instead he chose to work for foreign countries his father the VP has ties to,,

Hunter is a POS with as far I can tell few or zero redeeming value. He married his brother's widow while having unprotected sex with a stripper and then refusing to pay her child support. But he is not his dad so I am more interested in Joe's behavior on the matter which is certainly questionable at best.

if you need to know more about joe heres a good article explaining his corruption and how he used his office to enrich his family,,

Biden, Inc.: How ‘Middle Class’ Joe’s family cashed in on the family name

Over his decades in office, the Biden family’s fortunes have closely tracked the former vice president’s political career.

www.politico.com

 

[August West]

Theoretically, you could but no other country would trade with America again. Countries should workout the cost of Covid and give China the bill.

How do we get Chinese bats to pay the bill for Covid?

 

[candycorn]

He probably did that because he was a businessman and high corporate taxes ( paid always bu consumers) It's not like high corporate taxes cause Fortune 500 CEA's to drive Chevy's or their kids to have to wait in the long line at Amusement parks. No the consumer pays them. But businesses do leave the country because of them. When he got in office he lowered those corporate taxex and started to bring manufacturing back and caused a booming economy that for once reached doen the working man, many of thos poor blacks.

LOL...

As if Trump ever needed to launch a clothing line anyway.
Bottom line. He could have hired Americans....he hired Chinese folks. He is no friend to America or it's textile workers.

 

[Donald H]

Working people in America are being cheated out of a piece of the American pie and they have been conditioned and brainwashed into thinking that's acceptable.

Trump had succeeded in placing the blame on black Americans and not on the corporate billionaires where it belongs.

It's not going to get any simpler and straight forward to understand than that.

What in the world are you talking about? Dude, nobody blamed any skin color for anything. Everybody was doing better under Trump, all colors. Just so you know, it is ok to hate the billionaires without deciding to give the government over 50% of people's income. Hate the rich, knock yourself out, just don't let us get raped by Washington.

I'm familiar with your talking point dusty, but I know I can't change minds that are influenced from the cradle to the grave by the big business establishment American way. I shouldn't really care so much I guess.

 

[Donald H]

.....

I offered a rebuttal to you on one specific point you made but you deflect away from that and insist on writing a book with every post.
When you're up to dealing with rebuttals of your nonsense, maybe we can talk. I'm just not going to get into playing that scattergun game with you.
or
If you are stumped on the one rebuttal I offered you, then choose one of your talking points and challenge me with it.

 

[Andylusion]

He probably did that because he was a businessman and high corporate taxes ( paid always bu consumers) It's not like high corporate taxes cause Fortune 500 CEA's to drive Chevy's or their kids to have to wait in the long line at Amusement parks. No the consumer pays them. But businesses do leave the country because of them. When he got in office he lowered those corporate taxex and started to bring manufacturing back and caused a booming economy that for once reached doen the working man, many of thos poor blacks.

LOL...

As if Trump ever needed to launch a clothing line anyway.
Bottom line. He could have hired Americans....he hired Chinese folks. He is no friend to America or it's textile workers.

You don't know that. He could have hired Americans, and had it be so expensive, that he lost money.

No one is going to do that. No one is going to hire US labor, if the cost is too high, and you don't know the numbers on that. You are making an assumption.

Which again, is why Trump was trying to change the system to make hiring US labor more profitable. But that means not being greed and envy motivated, and trying to regulate and tax the crap out of US companies. Something left does not seem to have the mental capacity to understand.

 

[candycorn]

He probably did that because he was a businessman and high corporate taxes ( paid always bu consumers) It's not like high corporate taxes cause Fortune 500 CEA's to drive Chevy's or their kids to have to wait in the long line at Amusement parks. No the consumer pays them. But businesses do leave the country because of them. When he got in office he lowered those corporate taxex and started to bring manufacturing back and caused a booming economy that for once reached doen the working man, many of thos poor blacks.

LOL...

As if Trump ever needed to launch a clothing line anyway.
Bottom line. He could have hired Americans....he hired Chinese folks. He is no friend to America or it's textile workers.

You don't know that. He could have hired Americans, and had it be so expensive, that he lost money.

No one is going to do that. No one is going to hire US labor, if the cost is too high, and you don't know the numbers on that. You are making an assumption.

Which again, is why Trump was trying to change the system to make hiring US labor more profitable. But that means not being greed and envy motivated, and trying to regulate and tax the crap out of US companies. Something left does not seem to have the mental capacity to understand.

American Apparel made products in Downtown Los Angeles while Trump was having stuff made in China.

American Apparel

Discover American Apparel Wholesale t-shirts and other blank American Apparel for your iconic premium basics with innovative fabrics, sweatshop free styles.

americanapparel.com

As always, your post is crap.

 

[Bryan Luhning]

Maybe we could just be more fiscally responsible.

What a novel concept! Pity those in DC can't manage to do that.

We elect them so we are partly to blame. It does not matter left or right Congress has forgotten we are their bosses. I think it is time we take back our country using the same tactics that served AOC. Face it if someone dumb as a stump can do it we the people should have a fighting chance. The Time is now to get active in the political system.
There is no better call to arms than fight for what you believe in at the ballot box. Make yourself known volunteer, hell even run if you fancy a run at truly serving your country. Stop worrying about the present and meticulously plan the future you want for our country.

 

[Bryan Luhning]

The quick and easy solution is in forcing the very wealthy to pay the debt.
Had they been paying their fair share all along the situation wouldn't even exist.

Trump was born of income inequality in America that had resulted in poverty for the working class.

Hitler was born out of the people's poverty.

In both cases a minority was blamed and the murders could begin.

Has America been saved from the problem by the election of Biden and the ousting of Trump.

No! America's problems are much deeper than anything the two main rightist parties can fix.

Trump was just a symptom of the much greater problem and that will now start to become obvious with the fall of Trump's evil regime.

Why does the solution always start in somebody else’s pocket. How about making everyone responsible to chipping in. We all allowed them to redistribute our wealth across the globe. You just got $600 while over 700 million was slated to send over seas. Maybe we need people who give a hoot to run for office and put an end to the pork train. You can’t reduce the debt until you spend less than you bring to the table. Right now we are just a bit more than a year’s GDP in debt. Think how would you work off credit card debt slightly higher than you annual salary. This is the problem your country faces.

 

[otto105]

Cancel our debt to China as partial payment for the pandemic.

Right.... Um... Ok. Quick math. So as of July 2020, China had roughly $1 Trillion in US bonds.

The US national debt is $28 Trillion.

So, not going to solve our problem, is it?

Further, I learned back when I first moved out, that it didn't matter if I paid off a debt, if I was living in a way that racked up debt.

The only way to not have a debt problem, is to live on less than you make in income. Spend less... than you collect in income.

Similarly, as long as the US public wants to spend more than the government can collect in revenue, canceling debt will cause tons of problems, and we'll end up in debt anyway.

We need to cut spending. Cut welfare, unemployment, SNAP, housing, cut education, cut all entitlements.

If we don't do that, it doesn't matter if you cancel debt. You keep spending more than you collect, you end up with debt. That's how it works.

Lastly, the bond market is critical to borrowing money. The only reason anyone, anywhere, is willing to buy US bonds, is because they believe the US government will pay back the loan.

You cancel those bonds, and everyone everywhere in the world, will stop buying US bonds. They are not going to distinguish US bonds, from other US bonds, because they are all US bonds.

It would be like you and your neighbor both buying a health insurance policy with the same company. You find out the following week, that your neighbor got sick, and the company just decided to not honor the policy. Are you going to keep your policy with that company? Well yeah, that was him, not you... so you are safe? No, you would cancel that policy and buy from someone else.

Same thing in with bonds. No one is going to buy those bonds knowing we won't pay, if we decide to blame you for a virus.

If we can't borrow money, then Social Security or Medicare will be cut dramatically in a month.

Or... we would have to get an international bailout. Do you want to get bailed out by Europe? Because that's what happened with Greece. They went bankrupt, needed an international bailout, and suddenly you had people all over the EU, dictating Greek public policy. You want Europe or others dictating US policy, because we have to have a bailout, because we defaulted on our bonds like Greece did?

Very bad idea. Very bad. Your idea might well actually cause civil war, and a break up of the United States.

One cannot be a millionaire making a slave wage like $20 an hour. Not possible.

Sure they can. In fact, you can end up a millionaire making half that.

Lets say you don't go to college, and you get married, and start working at Walmart at age 20.

So lets do the math.

$10 an hour, is of course $400 a week. Let's say you put just 10% into stock mutual fund that gets about a 10% rate of return. I personally invest in 3 mutual funds that do 12%, 13% and 15% respectively. So 10% return on investment isn't difficult.

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If you work consistently at Walmart for just $10/hour, from age 20 to 67, at age 67, you would retire with $2 Million dollars.

Of course this graph showing how much money you would have at retirement is completely inaccurate for two specific reasons.

Reason 1: Walmart has a 401K stock matching program, which matches dollar for dollar, the first 6% if your investment.

That means if you invested 10%, you would end up putting in not $40 a week, but rather $64 a week, or $256 a month.

You would end up not with $2 Million, but more like $3.3 Million.

Reason 2: Walmart specifically has a Walmart Employee stock purchase program, where you can buy Walmart stock at a very low price.

So when you add that benefit into the already massive $3 Million plus from your 401K... yes you can very easily end up a millionaire working for low wages.

Again... it's all in spending less money, than you make. It's that simple.

What is this persons take home pay? Where do they live? Mom and Dad's house until they die. Never get married or have kids>

Who lives on $300wk and becomes a $3.3 millionaire?

Nice fantasy land. Nobody from Pottersville gets rich.