Where is the US economy headed?

How many times do I have to point out to you, though, that this is meaningless when it comes to measuring wealth? It isn't how much stuff you have, it's how much security you have. There's absolutely no way that the poorest here in America enjoy 1% of the economic security as those in Europe who are well-off. A ridiculous statement that shows you don't understand what wealth really is.

Cycloptichorn

okie: Then my advice for poor people is to start buying stock instead of lottery tickets.

Read what Cyclo and maporsch wrote; because you'll never "get it"

cicerone imposter wrote:

okie: Then my advice for poor people is to start buying stock instead of lottery tickets.

Read what Cyclo and maporsch wrote; because you'll never "get it"

I suggest that they get one or two jobs, work 7 days a week and save, save, and save.

okie wrote:

The poorest people in America have more of some amenities than the well to do in Europe.

Please, prove that one.

Cycloptichorn wrote:

How many times do I have to point out to you, though, that this is meaningless when it comes to measuring wealth? It isn't how much stuff you have, it's how much security you have. There's absolutely no way that the poorest here in America enjoy 1% of the economic security as those in Europe who are well-off. A ridiculous statement that shows you don't understand what wealth really is.

Cycloptichorn

Theres no such thing as complete security, cyclops, and if we had it, we would be a miserable lot. Besides, if I have total security and live in a mud hut and work 16 hours a day scavenging in the garbage for a living, no thanks.

okie: Then my advice for poor people is to start buying stock instead of lottery tickets.

Read what Cyclo and maporsch wrote; because you'll never "get it"

cicerone imposter wrote:

How does one buy stocks if they're living from paycheck to paycheck, using up their savings, plus the equity in their homes?

Magic?

Um...They probably don't and are probably in over their head with the House. Why did they buy the house if they could not afford to pay for it as well as all the other expenses associated with Life.

Is it my or your responsibility to take care of the financially stupid of this country?

maporsche wrote:

okie wrote:

The poorest people in America have more of some amenities than the well to do in Europe.

Please, prove that one.

Well, just one quote from the following:
"The average poor American has more living space than the average individual living in Paris, London, Vienna, Athens, and other cities throughout Europe. (These comparisons are to the average citizens in foreign countries, not to those classified as poor.)"

Perhaps I should rephrase my assertion to say the poor in America have some better amenities than the average citizen of significant parts of Europe.

http://waysandmeans.house.gov/hearings.asp?formmode=view&id=5454

maporsche wrote:

okie wrote:

The poorest people in America have more of some amenities than the well to do in Europe.

Please, prove that one.

Well, just one quote from the following:
"The average poor American has more living space than the average individual living in Paris, London, Vienna, Athens, and other cities throughout Europe. (These comparisons are to the average citizens in foreign countries, not to those classified as poor.)"

Perhaps I should rephrase my assertion to say the poor in America have some better amenities than the average citizen of significant parts of Europe.

http://waysandmeans.house.gov/hearings.asp?formmode=view&id=5454

Miller wrote:

cicerone imposter wrote:

okie: Then my advice for poor people is to start buying stock instead of lottery tickets.

Read what Cyclo and maporsch wrote; because you'll never "get it"

I suggest that they get one or two jobs, work 7 days a week and save, save, and save.

And then you can complain when their kids break into your house because their parents weren't home to raise them right.

Their foolish parents should have either stayed out of bed or used birth control and their dimwit offspring wouldn't be breaking into other people's houses.

maporsche wrote:

Miller wrote:

cicerone imposter wrote:

okie: Then my advice for poor people is to start buying stock instead of lottery tickets.

Read what Cyclo and maporsch wrote; because you'll never "get it"

I suggest that they get one or two jobs, work 7 days a week and save, save, and save.

And then you can complain when their kids break into your house because their parents weren't home to raise them right.

Their foolish parents should have either stayed out of bed or used birth control and their dimwit offspring wouldn't be breaking into other people's houses.

If these dimwit kids come into my neighborhood my dog will know what to do, if the dimwits try to break into my home.

[
The fact that we have more land space here has lead to larger domiciles overall. And you are equating this to better amenities?

Do you understand what wealth is? I'm sure there are poor farmers in other countries who have far larger houses then my apartment, but I wouldn't dream of saying they have more amenities then me.

This is really ridiculous.

Cycloptichorn

Many families are going to lose their homes this year, and many who don't will be scraping to get by for years to come. The ripple effect of this is a sharp curtailing of spending on their part. Not good for our overall economy

Cycloptichorn wrote:

[
The fact that we have more land space here has lead to larger domiciles overall. And you are equating this to better amenities?

Do you understand what wealth is? I'm sure there are poor farmers in other countries who have far larger houses then my apartment, but I wouldn't dream of saying they have more amenities then me.

This is really ridiculous.

Cycloptichorn

In a free country, you have choices, cyclops. You can choose to spend your money on a bigger house or apartment, or on other things. And if those other things mean more to you than health insurance or a savings account, then that is the choice you make. That is what happens with freedom. People are free to choose what they want, security, a bigger house, a newer car, or lottery tickets and a trip to Vegas or Disney World.

And for the people that are too poor to do the above, there are programs called Medicaid and other parts of the safety net for them. For those that are not able bodied, a doctor can vouch for their condition, and all of their natural needs are supplied by the taxpayer.

Quote:

Many families are going to lose their homes this year, and many who don't will be scraping to get by for years to come. The ripple effect of this is a sharp curtailing of spending on their part. Not good for our overall economy

First of all those families, who'll be losing their homes shouldn't have tried to buy one, in the first place. Some of these dimwit folks either put down nothing on the mortgage or put down a mere 5% when they went to buy the house. These fools should be renters not owners of real estate.

Sharp decrease in spending by the poor? So what! The rich have the dough to compensate for any shortage in spending. Do you think someone who has enough cash for a $20 million condo in NYCity is going to worry about Wal-Marts latest sale on disposable baby diapers?