Cost of Living Exceeds Capacity for Giving

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   It's not quite as bad as you might suspect. It will be a depression of the governmental sort, like New York City had in the 80's. There won't be as much money for infrastructure or anyone that depends upon government money. Business will be another issue, unless the government goes after it. No one will be receiving Social Security before the age of 70 or 75, that's for sure. Inflation will be the biggest concern for business, other than taxation. 

The politicians will promise more and more, and the older boomers will be happy to take it. 50% of your income to government won't be enough. Neither will 60%, 70% or 80%. Send your wife out to work, get a second job, and then send her out to get a second job. Those second jobs don't pay too much, since the illegal immigrants will be welcomed with open arms. But those illegal immigrants are potential future voters, so take a step back and let them get in your line.  After all, it's a free country, for those who don't have to pay for it.

Edited by FriendlyHammer - 30/July/2008 at 5:45am

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FriendlyHammer Members Profile Send Private Message Find Members Posts Add to Buddy List Master Carpet Cleaner Joined: 08/July/2007 Location: United States Status: Offline Points: 1383	Post Options Post Reply Quote FriendlyHammer Report Post Thanks(0) Quote Reply Topic: Cost of Living Exceeds Capacity for Giving Posted: 30/July/2008 at 5:31am
	It's not quite as bad as you might suspect. It will be a depression of the governmental sort, like New York City had in the 80's. There won't be as much money for infrastructure or anyone that depends upon government money. Business will be another issue, unless the government goes after it. No one will be receiving Social Security before the age of 70 or 75, that's for sure. Inflation will be the biggest concern for business, other than taxation. The politicians will promise more and more, and the older boomers will be happy to take it. 50% of your income to government won't be enough. Neither will 60%, 70% or 80%. Send your wife out to work, get a second job, and then send her out to get a second job. Those second jobs don't pay too much, since the illegal immigrants will be welcomed with open arms. But those illegal immigrants are potential future voters, so take a step back and let them get in your line. After all, it's a free country, for those who don't have to pay for it. Edited by FriendlyHammer - 30/July/2008 at 5:45am
	Ken Harris Nov 08: "This will cause oil to rise to near $100 by the end of November. It stays up there to about the end of February. Better save this so you know who told it to you first."

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rick007 Members Profile Send Private Message Find Members Posts Add to Buddy List Senior Member Joined: 29/January/2008 Location: canada Status: Offline Points: 152	Post Options Post Reply Quote rick007 Report Post Thanks(0) Quote Reply Posted: 30/July/2008 at 12:05am
	look on the bright side guys- when money is short people will clean their existing carpets instead of buying new or putting in UGG! "hardwood flooring".looks like a win win situation. hope there are enough around to reap the benefits.just my thoughts.
	happy cleaning

FriendlyHammer Members Profile Send Private Message Find Members Posts Add to Buddy List Master Carpet Cleaner Joined: 08/July/2007 Location: United States Status: Offline Points: 1383	Post Options Post Reply Quote FriendlyHammer Report Post Thanks(0) Quote Reply Posted: 29/July/2008 at 7:25pm
	You actually hit on something there, Duck. Contrary to what Barfbag Kenny has been saying, oil is not the problem. Demand will always be affected by price, and technology will solve all those problems anyhow. However, in the US, entitlements and govenment debt now consume 60% of all the money the government takes in. No matter how much Americans make, we will not be able to keep up with the inflation caused by government spending. A great depression will happen, but it won't be because we lack energy. We simply won't have the money to pay for our government. The older baby boomers took everything for themselves, both at the government and union level. The government is going to run out of money, and GM and Ford can't stay in this country either, because they foolishly signed agreements with the older baby boomers that gave away too much. Those who have retired and will retire in in next 5 or so years got it all. The rest of us will have to work for every penny, twice.
	Ken Harris Nov 08: "This will cause oil to rise to near $100 by the end of November. It stays up there to about the end of February. Better save this so you know who told it to you first."

John L Members Profile Send Private Message Find Members Posts Add to Buddy List Carpet Cleaning Guru Joined: 29/November/2004 Location: I'm Right Here! Status: Offline Points: 4013	Post Options Post Reply Quote John L Report Post Thanks(0) Quote Reply Posted: 29/July/2008 at 3:58pm
	Ppl better start caring! Unless you want to be a slave..

duckcountry Members Profile Send Private Message Find Members Posts Add to Buddy List Master Carpet Cleaner Joined: 29/October/2005 Location: USA Status: Offline Points: 1082	Post Options Post Reply Quote duckcountry Report Post Thanks(0) Quote Reply Posted: 29/July/2008 at 1:23pm
	Minimum wage was $1.35/hour and you could live like a king on $2.00/hour. TV was free, boxboys would take your bags to the car, carhops were routine, moms stayed at home while dads worked, doctors made routine housecalls, drive-ins reined supreme for family entertainment and their were no movies put out that could not pass a G rating then. Surf was up, being a greaser was uncool. Sits-ins, Love-ins and standing up to the man were never stronger. Gas is up, life became too expensive to maintain and wages are on the decline, having never kept up with expenses. The question is not whether or not this civilization is worth saving, the real question is who cares anymore? Edited by duckcountry - 29/July/2008 at 1:24pm
	Are you in a high paying business or are you just a self employed low paid grunt who thinks this business provides dignity?

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Cost of Living Exceeds Capacity for Giving