Never going to happen until a market event forces the cut in spending. Both parties are drunken spenders. The only thing that changes is the bullchit they spend it on. Now let’s pass some tax cuts wtf
Fun little game here. Closest I could get was around 45%. I’m more pragmatic about stuff in the categories but I made some hard cuts, again so everyone shares the pain. The game gives a good idea of where $ is going and how much a tweak here or there impacts the bottom line.
Raised the SS age to 69, gave everything a 10% cut across the board, except military dropped it 100 billion and raised taxes on everyone including corporations a couple percent with middle and lower class paying in 10% minimum instead of taking money out and we are balanced. Easy peasyFun little game here. Closest I could get was around 45%. I’m more pragmatic about stuff in the categories but I made some hard cuts, again so everyone shares the pain. The game gives a good idea of where $ is going and how much a tweak here or there impacts the bottom line.
Hint, if you spend your Memorial Day playing with the numbers in this game you have some other problems you might want to address. Go grill some meat…
Balancing Act
Welcome to Balancing Act, a public budget simulator. Have a voice in your government. Show your elected officials how you’d balance the budget.us.abalancingact.com
likely only works if the game is static, turn that into a dynamic game where spending cuts and raising taxes reduce GDP and it gets even tougher.
I did the same with SS. I also upped Corporate taxes to 20%. But the rest is not that easy. The biggest spending categories are non discretionary, particularly the medical stuff. They need to have structural changes to reduce the payment path. The good news is you don’t have to get to zero, you just want the debt to grow by less than GDP. Agree there is a feedback loop on GDP that isn’t taken into account. We just have to accept lower GDP growth.
Political suicide for anyone addressing it. The market will need to force it. Not sure what or when that looks like but I suspect grab a snickers as well as I don’t think it will be a good period in our history per the exercise we just ran through. Neat website. Thanks for posting
Interesting news. Not helping VZ, TMUS, or T, but AMZN up 2%? Seems like an overreaction in the wrong directions.
UPDATE 5-US telecom companies say not in talks with Amazon for wireless services
Major U.S. wireless carriers on Friday said they not in talks with Amazon.com Inc to offer low-cost wireless services to its Prime members. Wireless shares fell Friday after Bloomberg News reported that Amazon was negotiating to get the lowest possible wholesale prices and could offer wireless...finance.yahoo.com
This one is getting ready to auger into the hillside.
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No sweat for Ernest 3 though, boomer daddy should have a couch to sleep on!
Carvana CEO’s Net Worth Skids But His Dad, Who Controls Company, Is Worth Nearly $3 Billion
Ernest Garcia II made billions of dollars by timing his Carvana stock sales to perfection. As the used car retailer careens towards bankruptcy, his controversial cashout looks smarter than ever.www.forbes.com
The more I learn about the stock market, the less I understand it, LOL!
Company with a questionable business model preannounces good results. Result is a short squeeze.
And it's doubled since then . . . geez.
Lots of stuff doesn't make sense, but CVNA back to about 50% of shares sold short.
Bought a few shares of T yesterday, prolly shudda bought more as I thought it might drop further. I'll keep a few hundred shares for the dividend and maybe dump it if it pops enough.
I'm wondering the same thing however past experience tells me to hold tight.
Same thoughts as well however I'm trying to reduce my individual holdings and funnel those $$ to index funds. I passed up on INTC around $26.00 for the same reason.
