Slaves and children need work too. If you are so unskilled you can be replaced by a child you deserve what you get. http://www.miseryindex.us/indexbymonth.asp
I am already a slave from Jan 1 to May every year. Y'all keep bitching about every little problem I am sure our politicians in Washington will be glad to extend my yearly period of slavery.
Least you admit it.... And you know they will. View attachment 8 Hmmm.. that chart only goes to 2002... wonder what the last 5 years look like... Lemme guess. Well, it hit 9 trillion, so it's off that chart.. nice Maybe you're a slave for 365 days and just don't know it, teach...
The Truth on Trade by Daniel T. Griswold PRINT PAGE E-MAIL PAGE TEXT SIZE President Bush urged Congress yesterday to pass four pending trade agreements, telling a White House audience that open markets boost economic growth, raise standards of living by creating higher-paying jobs and deliver more choice and better prices for consumers. Despite claims to the contrary by populist opponents of trade expansion, the president has the facts and decades of experience on his side. Critics of trade counter that real wages have stagnated while the middle class has been squeezed by a loss of jobs to low-wage competitors such as China and Mexico. Democrats in Congress point to those anxieties to justify their opposition to any meaningful trade-expanding legislation ? including pending free trade accords with South Korea and Colombia and renewal of presidential trade-promotion authority. Like so many assumptions about trade, the belief that more global competition has somehow lowered the living standards of the average American worker and family is just a myth. Daniel Griswold directs the Cato Institute's Center for Trade Policy Studies and authored the new study, "Trading Up: How Expanding Trade Has Delivered Better Jobs and Higher Living Standards for American Workers," available at freetrade.org. More by Daniel T. GriswoldThe critics have it all wrong: The middle class isn't disappearing ? it's moving up. The Census reports that the share of U.S. households earning $35,000 to $75,000 a year (in '06 dollars) ? roughly, the middle class ? has indeed shrunk slightly over the last decade, from 34 percent to 33 percent. But so, too, has the share earning less than $35,000 ? from 40 percent to 37 percent. It's the share of households earning more than $75,000 that's jumped ? from 26 percent to 30 percent. Trade has helped America transform itself into a middle-class service economy. Yes, the country's lost a net 3.3 million manufacturing jobs in the past decade ? but it's added a net 11.6 million jobs in service and other sectors where average wages are higher than in manufacturing. Most of these new jobs are in better-paying categories, like professional and business services, finance and education and health services. Trade and globalization have also helped bolster the balance sheets of American households by delivering higher incomes, lower interest rates and wider investment opportunities. From 1995 to 2004, the real median net worth of U.S. households jumped by 31 percent, boosted by rising home values and stock prices. (Even with the recent housing slump, average home values remain more than 2.5 times what they were a decade ago, according to the S&P/Case-Shiller index.) Despite frequently heard worries, American families are not "drowning in debt." Yes, total household debt has risen in the past decade ? but total assets have risen in value even faster. On average, U.S. households spent 14.4 percent of their income on debt payments in 2004, not much different from the 14.1 percent they spent in 1995. The bulk of what we've borrowed hasn't paid for groceries or big-screen TVs but for housing ? which, again, has appreciated strongly in the last decade. Like so many assumptions floating around about trade, the belief that more global competition has somehow lowered the living standards of the average worker and family is just a myth. In fact, trade has delivered lower prices, higher worker compensation and an upwardly mobile middle class. The critics have it all wrong: The middle class isn't disappearing ? it's moving up. Critics of trade repeat as a mantra that real wages have been stagnant since the 1970s. But the data on real wages exclude benefits ? which have been rising as a share of worker compensation. Those data also rely on a cost-of-living index that has systematically overstated inflation and thus understated real income gains. The U.S. Bureau of Labor Statistics reports that the average real hourly compensation earned by Americans has actually grown by 22 percent during the past decade ? even as trade and other measures of globalization have grown rapidly. Trade has brought us lower prices on a broad range of goods ? from fruits and vegetables to consumer electronics and automobiles ? stretching the paychecks of U.S. workers. Household incomes have also been rising. When they point to a small decline in median household income compared to 2000, opponents of trade are cherry-picking their numbers. That year was the frothy peak of a decade-long expansion. Use 1996 ? the comparable point in the previous business cycle ? as the baseline, and you see a 6 percent rise in median income. Convincing Americans that we are worse off than we were in years past has become a popular line of attack against globalization and trade expansion. But trade has played an important part in the positive story of long-term gains in hourly compensation, household income and net wealth. To promote further progress for U.S. workers and their families, Congress and the administration should work together to pursue policies that expand the freedom of Americans to participate in global markets.
Misery index 1976-01 14.62 1976-02 13.99 1976-03 13.67 1976-04 13.75 1976-05 13.60 1976-06 13.57 1976-07 13.15 1976-08 13.51 1976-09 13.09 1976-10 13.16 1976-11 12.68 1976-12 12.66 1977-01 12.72 Carter 1977-02 13.51 1977-03 13.84 1977-04 14.15 1977-05 13.73 1977-06 14.07 1977-07 13.73 1977-08 13.62 1977-09 13.40 1977-10 13.19 1977-11 13.52 1977-12 13.10 2006-01 8.69 2006-02 8.40 2006-03 8.06 2006-04 8.25 2006-05 8.77 2006-06 8.92 2006-07 8.95 2006-08 8.52 2006-09 6.66 2006-10 5.71 2006-11 6.47 2006-12 7.04 2007-01 6.68 2007-02 6.92 2007-03 7.18 2007-04 7.07 2007-05 7.19 2007-06 7.19 2007-07 6.96 2007-08 6.57 2007-09 7.46 30 years ago really sucked. More good news. Millions of American homebuyers are going to find purchasing a home cheaper this year.
Yeah, Vietnam wasn't cool.. I suppose it's not so bad as there isn't footage of American dead and footage of the fighting along with the daily casualty count on the evening news every night. Monkey no see, monkey no care...
There is some truth to this statement... http://www.thomasnogales.com/US-Debt-Nowhere-to-Hide.htm but it only works for a while and we're about to the end of this "while".
Yeah, if you have the cash cuz you aint getting a good loan for cheap... Millions? Nay.... Hundreds of thousands maybe..
If you are a responsible individual (one who pays his bills) you can still get an FHA loan for most housing. You can still get conventional 5% loans. If you are an irresponsible individual, with no money, you can no longer move into a home of your own for less than an apartment deposit.
Why America's Debt Burden Is Declining by Brian M. Riedl In bold is our only real problem. The national debt is quite manageable.
This gentleman is obviously a raging dip sh*t. That is a pretty big problem. Change the face of the Earth as we know it...
And that is why you are wrong most of the time. There is not one person in the world who knows everything. You can only perceive what you are around and you are not around most of what is and has happened around the world. I keep seeing you time and again make claims, get proven wrong and either attack that person: Or just ignore you were proven wrong and change the subject hoping nobody noticed. The problem you clearly point out is not that the economy is less welcoming to the young but is intead the young is not wanting to put in the hard work that the old put in to succeed. America has had very bad times, just starting out this Country was massively difficult every day. In the last 20 years, I have been sick and missed work exactly 8 days. 3 of those days were from an injury that kept me from walking but I still did basic work from home. It is called work ethic, and younger people seem to not have any these days.
perhaps I should acquire a nuke, then I can be right all the time, right, tough guy? Sure there is, that individual human being named America, right, tough guy? Repeating something is not poving anything wrong, and money as we know it is a joke, redesigned to validate an illusion of "power", mixed along with fear to control people. Money is worthless. What does it provide that people need to live? Motivation through fear? Perhaps kids take a look at morons such as yourself and say, "I don't want to end up like that". Perhaps they see adults that work the least have the most while those that work the hardest have the least, just like it's always been, and say, "that's f*cked up". Perhaps kids are working harder and longer than they ever did.. Almost all the kids I go to school with work full time as well as attend school full time.. Perhaps you're just a bitter old man who likes to scare and control women and children because you can't control what's in your own head, eh, tough guy? Ever had a women accuse you of being a control phreak or was she too scared to say it to your face? If so, she just didn't appreciate your "good works".... Hahahahahahahaha
If the current times and coming changes scare you, then you have not been paying attention for a very long time, squandered your opportunities and wasted your resources. Those who have paid attention will merely take advantage of the declining markets and economic sectors and come out even more secure. Opportunity is coming not disaster.
One person's disaster is another person's opportunity. It just depends on which side you're looking from. If you're young and have the resources, you can take advantage of the situation. But in that, you're taking advantage of someone else's problems.
That's good to know.. We'll be sure to line your pine box with your security and bury you in an affluent cemetary.... And your tombstone can read.. Here lies vulture..."Always paid attention, never wasted his resources, or squandered an opportunity to take advantage and build self worth and security upon the suffering of others"..R.I.P.
I must agree, we are not living in a socialist Country, we are living in America and thise too lazy to work hard will be stepped on as those of us who are willing to work hard pass them by. I know many people want to turn America into a socialist Country, and we have many socialist like programs to help the lazy, but it is not the lazy that made America great, and people need to remember that.
