Comments by "worn down" (@worndown8280) on "CNBC Television" channel.

  1.  @richardshane1109  whats your point? If the Federal government spends x amount of dollars it needs to be paid for some way. Even if you confiscated every billionaires total assets, made them sell every stock and every piece of property, still wouldnt be able to fund the US government at todays levels for even a year. We dont have a tax problem, we have a spending problem. And most Americans still want the Federal government to spend more not less. Mostly because those Americans are ignorant or they are thieves. Sometimes both.
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  2.  @richardshane1109  you can cut everything, every penny. But unless you cut Medicare, medicaid and ssi it won't matter. And you can't cut those because any politican that does will get voted out. All the rest of the spending is just pocket change next to those three.
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  3. Because our markets are so manipulated. For years we have had QE, which is like a heroine addict smocking crack to even themselves out. Now we have to much cocaine so we need to bring it down with heroine, rate hikes. We havent had real markets since 2008. Thats not even counting the debt or demographic trends both here and world wide.
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  4. Immigrant workers. From where. The rest of the world, aside from Sub Saharan Africa arent even at replacement levels. Mexico is at 2.1, South Korea 0.5 Brazil it was 0.72 in 2018. We are at the pause as most of the nations of the world stop growing population wise. By 2050 most nations will be like Japan whose population is declining since 2009 is losing 400k a year. You wont be finding any more workers.
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  5. I remember when the defense of marriage act was passed and SCOTUS overturned it. It was overturned because the Federal government had no right getting involved with marriage with is managed at the State level, it violated the equal protection clause. The Federal government passing this law will violate the 10th amendment should it pass. This is stupid. We have actual real problems in this country. But yea lets do another dog and pony show.
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  6. Thats because they want higher home values. Governments, both state and local need that, and the increased tax revenue it brings. Otherwise they all go bankrupt. The "housing crisis" and everything that enables it is just a way to address governments that are spendthrifts. We saw what will happen all across America with cities like Detroit, Stockton, and Vallejo. I worked in Vallejo at that time. One of the local hospital had to basically pay for a law enforcement officer to protect the hospital. Kaiser paid the city 120k per year.
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  7. considering working class people typically dont pay federal income tax, they may very well.
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  8. They wont be the ones holding the bag. They have sold their positions and now the new holders, retirement funds, state pension funds and the like will take the big hits. Thats why the Fed has given everyone ample time to make their moves. Only the dumb normies are going to get hit.
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  9. We are at a point where not raising the debt limit will cause as much damage as raising it. Either way its an economic depression. Just with different steps.
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  10. I dont think you understand just how much of the Federal budget goes to SSI alone. Its 1/5 of the total budget. The largest item. Followed by, you guessed it, Medicare. This fight was lost 50 years ago when the fertility rate dropped below 2.1 children per woman. Why do you think the gates to immigration have been opened? Still its not enough. But that is what happens when you run a Ponzi scheme as part of your national social welfare benefit plan.
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  11. reading my mind.
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  12. The should have started raising rates in 2016. The Fed always lets the pot boil over due to political pressure. We dont have anymore adults in politics to tell people what needs to be done. Just ideologues.
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