Mere excuse. Iraq had designs on Kuwait for decades after British made up the country of Kuwait for their own reasons. Us propped that up for decades of Iraq pushes and then in early 90’s some idiot in state dept hinted we would look the other way for a bit and sadam believed us and did what they wanted for decades. Whoops, changed our mind.
What hell did your kin folk do, to make you feel so superior? Vote for Trump?Resisting the urge to harken back to the playground days and say it takes one to know one, but I am too mature for that these days (or am I)?
Kidding aside, klinging to prairie populism did my clan in ND no favors over the last 50 years. Time to update the thinking.
It's not marketing that fuels debt. It is the human condition. We as a species always want something "more". We have to have something, and when we get it we realize it's not enough, so we want something else. Creditors (Credit card companies and banks) came up with the idea of spending money that isn't yours to get something you want. It feeds right into our desires. Marketing companies saw a way to fuel those desires and we got commercials. And yet, you can be debt free if you want. It takes self-control.
They shot guns with sloppy engraving
I’ve been told that jet skis are the key to happiness
K serious question, @SAJ-99, so why shouldn’t the fed go to say 6 or 8% on interest rates.
Ok more charts. I think @Buckbrush said something like "So they raise rates, what is that going to do?Nothing!", or something to that effect. Just look for the pattern in the chart of Fed Funds rate below. It goes up before the gray bars (recessions) and down during. The couple of times you see it go up not followed by a gray bar (1994 and 2018) sure felt like recessions even if they didn't meet the technical definitions. Rates are the price of money. If you make it more expensive, people stop using it, leading to a recession. That is how you fix inflation in the Fed's mind (Not my theory @BigHornRam).
Most of them are great people who I love dearly. And I do not feel superior. It has been hard at times to see them trapped in their own self fulfilling narrative at times. Probably no different a situation than a 28 year old trying to get 60 year old dad to do more active crop pricing management on the family farm. Love, respect, appreciation, but a strong desire to update the narrative.
Id love to see some more realistic rates to reel in this inflation and speculation in the markets. I just don’t know what that would do to our national debt. If we have to start paying 5,6,7% to service the debt over the long term, either taxes are going to increase drastically, or the US will default on its debt. My bet is that rates stay sub 4% and inflation will power forward for quite some time.
I think somebody cut the brake lines.
Now I know why I don’t have any money.
This is sums up the box we have put ourselves in perfectly. Agree with everything you have said here.
High possibility that is how it plays out.
Wouldn't it be easier to cut some of that spending instead of raise taxes. Less government subsidies sounds better than higher taxes. We pay enough.
I don’t have time to provide an exhaustive list but let’s start with the men and women who did volunteer and gave their life or wellness for the nation, the nation’s first responders, below national median income ICU nurses on 14 hour, 6 day a week, shifts for the last two years, what about the hourly employees, many of them lawful but still disparaged first generation immigrants, shoulder to shoulder still working when to worst of Covid hit so we all could enjoy our burgers and bacon, etc etc etc
Agreed, the world War generations were volunteering to fight off evil. Not give up more money to politicians disastrous spending, which is quite the opposite of fighting evil.
Unique theory SAJ.
