Daily Digest

Image by Photographing Travis, Flickr Creative Commons

Daily Digest 7/13 - Good News Friday: Ending the Dead-End-Job Trap, Is Laziness Good For The Environment?

Friday, July 13, 2018, 11:45 AM

This is Good News Friday, where we find some good economic, energy, and environmental news and share it with PP readers. Please send any positive news to [email protected] with subject header "Good News Friday." We will save and post weekly. Enjoy!

Economy

Federal Judge in California Halts Splitting of Migrant Families at Border (sv)

“The facts set forth before the court portray reactive governance — responses to address a chaotic circumstance of the government’s own making,” the judge wrote in the opinion. “They belie measured and ordered governance, which is central to the concept of due process enshrined in our Constitution. This is particularly so in the treatment of migrants, many of whom are asylum seekers and small children.”

How Mexico Could Force America’s Hand on Immigrants (Jen H.)

But outside Capitol Hill, a new front for accountability opened this week: The Mexican government’s human rights arm, along with its counterparts from Colombia, Ecuador, Guatemala and Honduras, launched a formal complaint against the Trump administration at the Organization of American States. Normally a sleepy regional organization with headquarters by Washington’s National Mall, the OAS is now poised to become—by default—the most significant institutional response to Trumpism in what is otherwise a town under one-party control.

Ending the Dead-End-Job Trap (tmn)

So there is still much to be done to get rid these of dream-stealing restrictions, which are all-too common in low-wage businesses like temporary agencies and fast-food companies. A study published last year by the Princeton economists Alan Krueger and Orley Ashenfelter found that 80 percent of franchisers examined in the quick-serve restaurant industry made use of these arrangements. (These restrictions don’t prevent workers from jumping to another company altogether.)

Reading Improves Memory, Concentration and Stress (Thomas R.)

Another NCU professor points out that reading is important to a child’s overall development. Dr. Jennifer Duffy, Graduate School Dissertation Chair at NCU, said “Reading is a fundamental skill needed to function in society. Words - spoken and written - are the building blocks by which a child’s mind grows. Reading is not only essential to a child’s verbal and cognitive development, but it also teaches the child to listen, develop new language, and communicate. Additionally, books open a child’s imagination into discovering his or her world,” according to Dr. Duffy.

Gov. Wolf signs new 'clean slate' bill for people living with criminal records (sv)

The law won't expunge convictions — but it will shield these crimes from public review in an effort to help those living with criminal histories the opportunity to more easily find jobs, education and housing without the hardships often associated with living with a record.

New York City teachers to get 6 weeks of paid parental leave (sv)

"Paid parental leave makes so much sense, it always made sense, but it makes even more sense in the 21st Century when people are working so hard with such long hours and struggle to make ends meet," de Blasio said at the announcement. "It's a fundamental manner of fairness to make sure people have this opportunity."

Hey, Savers! There’s Finally Some Good News For Your Cash (Thomas R.)

Bankrate.com Chief Financial Analyst Greg McBride expects the Federal Reserve to hike rates three more times by the end of the year...and that could mean higher yields on cash accounts. McBride expects the savings accounts to yield as much as 2.3% and 5-year CDs t0 pay 3%. For some context, the best rates available on savings accounts currently is about 1.55%, while the national average is a puny 0.25%, according to Bankrate.com. And the best rate on a 5-year CD is about 2.5%, with the national average closer to 2.2%.

Thune: List of Tax Reform Good News Just Keeps Growing (Thomas R.)

U.S. Sen. John Thune (R-S.D.), a member of the tax-writing Senate Finance Committee and a key voice during the tax reform debate, today discussed the many ways in which tax reform is already working for American families. One of Thune’s examples was the lowering of utility rates across the United States, including in Rapid City where Black Hills Energy is working with regulators to pass tax savings on to South Dakotans.

Good News: Being Lazy Can Be Good for the Environment (Thomas R.)

Considering that these metrics are from 2012, it's likely that people are spending even less time traveling outside their houses these days. U.S. government data show that e-commerce has been a steadily growing portion of total retail sales for a decade.

Scientists Use CRISPR To Engineer Cancer Cells That Kill Own Tumor (Thomas R.)

The team used the CRISPR approach to introduce S-TRAIL to the cancer cells using two methods and found that in mice with primary brain cancer, recurrent brain cancer, and breast cancer that had metastasized to the brain, the engineered cells that were re-introduced to the body went directly to the tumors and also killed the cancer cells. Both types of engineered cells were able to significantly reduce tumor size in the mice that got the treatment compared to the mice that didn’t. Furthermore, researchers also reported that the mice that got the treatment lived longer as well.

Guest Opinion: The good side of environment news after a year of Trump (Thomas R.)

Irrespective of government action, America is well on its way to achieving the Plan’s goals even with the Plan locked-up in federal courts for the last two years as Massachusetts Attorney General Maura Healey and 13 other attorneys general sue to prevent repeal. Coal continues to decline as other energy sources, including renewables, become increasingly cost-competitive and businesses and homes across the country reduce carbon emissions, improve energy efficiencies and increase their use of wind and solar energy. It is likely that judicial proceedings will prevent the Administration from repealing and replacing the plan before the 2020 election.

Good news for trees in the 25 Year Environment Plan (Thomas R.)

"It is great to see that the hard work of the Mersey Forest Partnership is recognised in the new 25 Year Plan for the environment. We particularly welcome the focus on how, by creating new community woodlands, we can help to improve health and wellbeing of our communities and also the increasing focus on how natural flood management can help reduce flood risk. We look forward to using this impetus to continue to deliver the Mersey Forest Plan."

The man who ​thinks trees talk to each other (Thomas R.)

The key to it, he says, is the so-called woodwide web – trees message their distress in electrical signals via their roots and across fungi networks (“like our nerve system”) to others nearby when they are under attack. By the same means, they feed stricken trees, nurture some saplings (their “most beloved child”) and restrict others to keep the community strong.

Scottish greenhouse gas emission rates 'halved since 1990' (sv)

Climate Change Secretary Roseanna Cunningham said: "These statistics are hugely encouraging and show we have almost halved the greenhouse gases emitted in Scotland - underlining our role as an international leader in the fight against climate change.

Top 10 Happy Environmental Stories Of 2017 (Thomas R.)

First-of-a-kind surveys of forests in Karen state in southeast Myanmar also yielded records of at least 31 species of mammals, including tigers, Asian elephants, Phayre’s langurs and dholes. The region was previously out-of-bounds for scientists due to security and political reasons. Similarly, surveys in Thailand’s Eastern Forest Complex revealed the world’s second known breeding population of Indochinese tigers (Panthera tigris corbetti), making Thailand home to two breeding populations of this tiger subspecies.

Gold & Silver

Click to read the PM Daily Market Commentary: 7/12/18

Provided daily by the Peak Prosperity Gold & Silver Group

Article suggestions for the Daily Digest can be sent to [email protected]. All suggestions are filtered by the Daily Digest team and preference is given to those that are in alignment with the message of the Crash Course and the "3 Es."

19 Comments

thc0655's picture
thc0655
Status: Diamond Member (Offline)
Joined: Apr 27 2010
Posts: 1614
Good news indeed!

Can you blame her?  Isn't that the exact lesson we should draw from the Federal Reserve and modern fractional reserve banking?

Edwardelinski's picture
Edwardelinski
Status: Gold Member (Offline)
Joined: Dec 23 2012
Posts: 319
Why not take a minute

and head over to the Intercept and read Aida Chavez,Ryan Grim,Kate Arnoff and Glenn Greenwald?They paint a very clear picture of who she is and what she stands for.Another point of view is always good.The ladies are quietly rebooting democracy and the state and local elections are reflecting that...

Montana Native's picture
Montana Native
Status: Silver Member (Offline)
Joined: Mar 17 2009
Posts: 166
Russia, Russia, Russia

Anyone have an up to date run down on the whole Russian election rigging story that won't go away? I haven't done my due dilligence following this story, but it seems like a whole lot of nothing from where I sit. There was initially all the memes that supposedly influenced the election and now there are the indictions today, althought there is no collusion shown between Russia and Trump. Any input would be great....

Doug's picture
Doug
Status: Diamond Member (Offline)
Joined: Oct 1 2008
Posts: 3158
Russian hacking
Quote:

With a new indictment of 12 Russian intelligence officers filed this Friday, special counsel Robert Mueller’s team has either indicted or gotten guilty pleas from 32 people and three companies — that we know of.

https://www.vox.com/policy-and-politics/2018/2/20/17031772/mueller-indic...

Quote:

Michael Flynn and George Papadopoulos have pleaded guilty to making false statements about their contacts with Russians to investigators. Paul Manafort and Rick Gates were hit with tax, money laundering and other charges that relate to their work for the government of Ukraine and a Russia-affiliated Ukrainian political party.


Quote:

21) Richard Pinedo: This California man pleaded guilty to an identity theft charge in connection with the Russian indictments, and has agreed to cooperate with Mueller.

22) Alex van der Zwaan: This London lawyer pleaded guilty to making false statements to the FBI about his contacts with Rick Gates and another unnamed person based in Ukraine.

23) Konstantin Kilimnik: This longtime business associate of Manafort and Gates, who’s currently based in Russia, was charged alongside Manafort with attempting to obstruct justice by tampering with witnesses in Manafort’s pending case this year.

The plea deals mean these people are cooperating with the Mueller investigation.  As we know Manafort is lawyered up and fighting to avoid spending the rest of his life behind bars.  

So far that doesn't sound like "a whole lot of nothing."

The 12 indictments of Russians today were probably announced to impress upon Trump the fact that Russia hacked our elections before his meeting with his hero, Putin, on Monday.

Quote:

There was initially all the memes that supposedly influenced the election and now there are the indictions today, althought there is no collusion shown between Russia and Trump..

Memes?  Do you call unanimous agreement of all our intelligence agencies and those of our allies that Russia influenced our elections memes?  Really?  That's a bit like calling "general quarters"  (all hands man your battle stations) as a prelude to battle on a Navy vessel a gentle suggestion.

There really isn't any meaningful doubt that Russia hacked our elections.  They are doing similar things to our NATO allies.  Putin very much wants to weaken the bonds between NATO nations that have been called the most important alliance in world history.

While it is true that evidence of "collusion" (I don't know why they keep using that word.  It has no legal meaning.  Conspiracy would seem a better descriptor) between the Trump campaign/adminstration and Russia has not yet been released, the full extent of the machinations of the Russians/Wikileaks/Trump administration are still closely guarded by the Mueller investigation.  It will all come out at some point and my guess is it may be the greatest scandal in American if not world history.  Buckle up boys and girls, this may turn into a wild ride.

If you're really interested, here's a fun little read on the history of this emerging scandal:

https://www.theatlantic.com/politics/archive/2018/07/russia-hacking-trum...

 

 

 

 

 

 

 

 

thc0655's picture
thc0655
Status: Diamond Member (Offline)
Joined: Apr 27 2010
Posts: 1614
Rebooting democracy

davefairtex's picture
davefairtex
Status: Diamond Member (Offline)
Joined: Sep 3 2008
Posts: 5412
regime change

Wait, so you are telling me that Russia had the gall to try and execute a sort of pre-regime-change attack on the US by hacking emails and releasing them to the public in a sort of truth-assault-upon-democracy?  That's awful.  The US certainly wouldn't do such a thing.  We use drones, sponsored coups, assassination, and bombs, with lies to cover it all up.  WMDs in Iraq, Babies in Incubators, Bomber Gaps, Missile Gaps, Operation Gladio, Operation Northwoods, dozens of other coups, funded civil wars, and overthrown governments - that's the right way to do it.

Hacking emails and then releasing them is really beyond the pale.  Terrible, terrible Russians.

But assuming for a moment that this "truth bomb" saved us and the world from a catastrophic HRC presidency - avoiding a batch of "Libya-clones" - I'm just gonna come out and say it: thanks.  Thanks for showing everyone just how slimy she and her group really were.  Thanks for showing us the truth.  Thanks to Seth Rich, or Russia, or Seth Rich AND Russia.  Whoever did it, thanks.

Whoa, did I just "collude with Russia" right there by thanking whoever it was after the fact?  Mueller needs to start questioning all my associates, to see if he can get any of them to "lie to the FBI" so he can threaten them with 5 years in prison, and hopefully get them to cough up something, anything on me, to make sure that nobody ever "outs" a "protected class friend-of-the-Agency" slimeball like HRC ever again...

Doug's picture
Doug
Status: Diamond Member (Offline)
Joined: Oct 1 2008
Posts: 3158
Wow, that's some rationalization
Quote:

But assuming for a moment that this "truth bomb" saved us and the world from a catastrophic HRC presidency - avoiding a batch of "Libya-clones" - I'm just gonna come out and say it: thanks.  Thanks for showing everyone just how slimy she and her group really were.  Thanks for showing us the truth.  Thanks to Seth Rich, or Russia, or Seth Rich AND Russia.  Whoever did it, thanks.

So, subverting our democracy by a hostile foreign power is ok as long as your guy wins?

MarkM's picture
MarkM
Status: Platinum Member (Offline)
Joined: Jul 22 2008
Posts: 845
davefairtex wrote: Wait, so
davefairtex wrote:

Wait, so you are telling me that Russia had the gall to try and execute a sort of pre-regime-change attack on the US by hacking emails and releasing them to the public in a sort of truth-assault-upon-democracy?  That's awful.  The US certainly wouldn't do such a thing.  We use drones, sponsored coups, assassination, and bombs, with lies to cover it all up.  WMDs in Iraq, Babies in Incubators, Bomber Gaps, Missile Gaps, Operation Gladio, Operation Northwoods, dozens of other coups, funded civil wars, and overthrown governments - that's the right way to do it.

Hacking emails and then releasing them is really beyond the pale.  Terrible, terrible Russians.

But assuming for a moment that this "truth bomb" saved us and the world from a catastrophic HRC presidency - avoiding a batch of "Libya-clones" - I'm just gonna come out and say it: thanks.  Thanks for showing everyone just how slimy she and her group really were.  Thanks for showing us the truth.  Thanks to Seth Rich, or Russia, or Seth Rich AND Russia.  Whoever did it, thanks.

Whoa, did I just "collude with Russia" right there by thanking whoever it was after the fact?  Mueller needs to start questioning all my associates, to see if he can get any of them to "lie to the FBI" so he can threaten them with 5 years in prison, and hopefully get them to cough up something, anything on me, to make sure that nobody ever "outs" a "protected class friend-of-the-Agency" slimeball like HRC ever again...

Bingo, dave.

Why are we "ok" doing it? Because...exceptional.

Finally, some real and necessary talk.

https://www.zerohedge.com/news/2018-07-14/rod-rosenstein-impeachment-pla...

davefairtex's picture
davefairtex
Status: Diamond Member (Offline)
Joined: Sep 3 2008
Posts: 5412
"truth subverts democracy"

So, subverting our democracy by a hostile foreign power is ok as long as your guy wins?

I'll take your reframe challenge.

Yes, it turns out that revealing the truth about HRC was a subversion of democracy.  Terrible thing, whoever did it.  Probably saved millions of lives, half a dozen countries not-destroyed, and prevented a needless war with Russia, possibly a nuclear one, which was certainly brewing.

And how was democracy subverted?  By releasing the truth.  All that slimy activity, including US election meddling by the HRC campaign, released for the whole world to see.  Clearly, you would have preferred for all that slime to remain a secret.  To "preserve democracy."

Ok so according to Doug, "Truth Subverts Democracy."

Goes right along with, "We had to destroy the village in order to save it."

Put me up there with Truth: Ellsberg, Snowden, Binney, and whoever released those emails.

Doug can stand with Lies: HRC, the CIA, the Obama FBI, and Operation Mockingbird.

Doug's picture
Doug
Status: Diamond Member (Offline)
Joined: Oct 1 2008
Posts: 3158
Truth?

You're championing truth in support of the POTUS who has been documented telling over 3,000 lies and other misstatements since being elected?  And this goes on on a daily basis.

Quote:

Yes, it turns out that revealing the truth about HRC was a subversion of democracy.  Terrible thing, whoever did it.  Probably saved millions of lives, half a dozen countries not-destroyed, and prevented a needless war with Russia, possibly a nuclear one, which was certainly brewing.

On what fevered fantasy do you base this statement?  Where is your truth?  This is pure speculation of a Hillary hater.  But, even at your worst you are rationalizing the subversion of our representative democracy as flawed as it may be.  Have you even thought about what you are saying?  Do you really think the Russians and their allies who hacked our election were interested in truth?  Take the time to read the actual indictment and tell me where you find any interest in the truth in what the hackers did.

https://www.vox.com/2018/7/13/17568806/mueller-russia-intelligence-indic...

Did you happen to see the so-called hearing of FBI agent Strzok?  Did you see the so-called hearing again headed by Trey Gowdy of Hillary last year?  The alt-right loons, ably represented by Gowdy, King, Issa, Gohmert, Jordan and other conspiracy theorists of their ilk had their heads handed to them on both occasions by witnesses who were far more intelligent, informed, honest and principled than any of the conspiracists doing the questioning.

Dave, wake up.  The principle people you defend, Trump and Putin, cut their teeth on lying, Trump as a salesman and Putin in the KGB.  They have no moral bottom.

Tude's picture
Tude
Status: Bronze Member (Offline)
Joined: Apr 1 2017
Posts: 25
Democracy was not "hacked"

If we are all going to start throwing "truth" around then why don't we stop lying about domacracy being "hacked". It was Hillary's private email server, that should have never existed in the form and for the fuction that it did, that was "hacked". It was also the DNC that was "hacked".

I still cannot for the life of me get my head around the fact that people try to claim that what Hillary did with that email server was nothing. Why don't you try working in any capacity for the federal govenment, or any financial company, or any corporation, and set up your own private email server to do business outside their (tracked and monitored and backed up) system? I'm not someone running around screaming "lock her up", although there are certainly many crimes for which I believe she should be in jail. But at the VERY LEAST she should have lost her security status within the government and been disqualified from ever working within any govenment agency for the rest of her life. For me that is the biggest scandal here. Any of us would have been fired and diqualified for employment...most of us probably would have gone to prison.

The systems "hacked" were private, not government systems. "Democracy" was not "hacked", corrupt idiots were who believed they could literally get away with murder were. And I fully support davefairtex, I want to know the truth.

davefairtex's picture
davefairtex
Status: Diamond Member (Offline)
Joined: Sep 3 2008
Posts: 5412
reframe redux

Reframe again.  Now you are pretending I'm defending Trump and Putin.  And Gowdy, and "other conspiracy theorists", whatever that means.

I"m going to stick with what I said, rather than play along with your reframe this time.

You wanted HRC's election-rigging to remain secret.  You are clearly angry that secret got out.  You call this secret-releasing "subverting democracy."  Clearly, that puts you right alongside the CIA, the Obama FBI, and Operation Mockingbird.

I'm going to notice one more thing.  I haven't defended Trump.  Or Putin.  Or Gowdy.  All I've done is say that, whoever did release the emails was a de facto defender of both Truth and Democracy.  Of course if it was Putin, his original intent wasn't to defend Democracy - but boy, the unintended consequence of the release ended up cleaning up a whole lot of dirty politics.  For instance, the Dems have decided to do away with "Superdelegates" voting on the first ballot at the convention.  Democracy improved.  And HRC's election-rigging was also uncovered.  I bet the DNC won't get bought next time around.  Democracy improved again.

If it was Putin, well then, the Lord certainly does Work in Mysterious Ways.

Me, I still think it was Seth Rich.  That's what the forensic evidence tells me.  And I'm a whole lot better positioned to appreciate (slash comprehend) that evidence than you are.

As for speculation as to HRC's country-destroying ways, I provide Libya and Syria as evidence.  Those were her deals, and she wasn't even President, but she sure took credit.  "We came, we saw, he died." (giggle giggle).  I'm eternally relieved she's not able to destroy countries any longer.

700,000 migrants in Libya right now, just waiting to go to Italy.  Europe is dining on HRC's banquet of Unintended Consequence.

I remain eternally relieved she and her demonstrated country-destroying psychopathy is far from power.

DennisC's picture
DennisC
Status: Gold Member (Offline)
Joined: Mar 19 2011
Posts: 309
Venimus...Vidimus...Mortuus est [cachinno, cachinno]

One could always try this (way better than a cloth apparently):

BleachBit has many useful features designed to help you easily clean your computer to free space and maintain privacy.

https://www.bleachbit.org/features

sand_puppy's picture
sand_puppy
Status: Diamond Member (Online)
Joined: Apr 13 2011
Posts: 1888
17 Intelligence Agencies Agree ...

It is a bit distressing to me to hear the "17 Agencies unanamously agreed" statement coming around again.  This was put to rest a couple of years ago.

Robert Perry at Consortium News writes

A founding Russia-gate myth is that all 17 U.S. intelligence agencies agreed that Russia hacked into and distributed Democratic emails, a falsehood that The New York Times has belatedly retracted, reports Robert Parry.

 

By Robert Parry (Updated on July 1 with new NYT deception)

The New York Times has finally admitted that one of the favorite Russia-gate canards – that all 17 U.S. intelligence agencies concurred on the assessment of Russian hacking of Democratic emails – is false.

New York Times building in New York City. (Photo from Wikipedia)

On Thursday, the Times appended a correction to a June 25 article that had repeated the false claim, which has been used by Democrats and the mainstream media for months to brush aside any doubts about the foundation of the Russia-gate scandal and portray President Trump as delusional for doubting what all 17 intelligence agencies supposedly knew to be true.

In the Times’ White House Memo of June 25, correspondent Maggie Haberman mocked Trump for “still refus[ing] to acknowledge a basic fact agreed upon by 17 American intelligence agencies that he now oversees: Russia orchestrated the attacks, and did it to help get him elected.”

However, on Thursday, the Times – while leaving most of Haberman’s ridicule of Trump in place – noted in a correction that the relevant intelligence “assessment was made by four intelligence agencies — the Office of the Director of National Intelligence, the Central Intelligence Agency, the Federal Bureau of Investigation and the National Security Agency. The assessment was not approved by all 17 organizations in the American intelligence community.”

The Times’ grudging correction was vindication for some Russia-gate skeptics who had questioned the claim of a full-scale intelligence assessment, which would usually take the form of a National Intelligence Estimate (or NIE), a product that seeks out the views of the entire Intelligence Community and includes dissents.

The reality of a more narrowly based Russia-gate assessment was admitted in May by President Obama’s Director of National Intelligence James Clapper and Obama’s CIA Director John Brennan in sworn congressional testimony.

Clapper testified before a Senate Judiciary subcommittee on May 8 that the Russia-hacking claim came from a “special intelligence community assessment” (or ICA) produced by selected analysts from the CIA, NSA and FBI, “a coordinated product from three agencies – CIA, NSA, and the FBI – not all 17 components of the intelligence community,” the former DNI said.

Clapper further acknowledged that the analysts who produced the Jan. 6 assessment on alleged Russian hacking were “hand-picked” from the CIA, FBI and NSA.

Yet, as any intelligence expert will tell you, if you “hand-pick” the analysts, you are really hand-picking the conclusion. For instance, if the analysts were known to be hard-liners on Russia or supporters of Hillary Clinton, they could be expected to deliver the one-sided reportthat they did.

So was it "17 Intelligence Agencies unanamously agreed" or "a few hand-picked analysts from 3 agencies."  (And were those "hand picked" analysts selected because of their known allegiances?)
sand_puppy's picture
sand_puppy
Status: Diamond Member (Online)
Joined: Apr 13 2011
Posts: 1888
"Russia! Russia! Russia" stories just before summit

Caitlan Johnstone points out the obvious:  It is not surprising that the demonization of Russia is being amped up in the days before the Trump-Puting summit.

Any movement toward friendship and cooperation can thus be framed as "Trump Kowtowing to Putin" and "colluding."

The multi-trillion dollar MIC must be fed.  After all, the US Military is the enforcement arm of the global oligarchy.

 

Nate's picture
Nate
Status: Platinum Member (Offline)
Joined: May 6 2009
Posts: 590
Mauldin

Bottom line: There’s going to be a train wreck here. Which train will go off which track is unclear, but something will. And we’re all going to feel it.

They will need to find some way to rationalize or “reset” the debt. Exactly how is hard to predict but it probably won’t be good for lenders, or for the holders of government promises like pensions and healthcare.

There really are only two ways to solve this problem: massive taxes on someone, or a debt liquidation of some kind. And remember, if you are getting a retirement pension fund and/or healthcare, your benefits are part of that “debt liquidation.” Both will be painful. We have pulled forward our spending and must eventually pay for it. The time is coming. Please don’t shoot the messenger.

http://ggc-mauldin-images.s3.amazonaws.com/uploads/pdf/TFTF_Jul_13_2018.pdf

Montana Native's picture
Montana Native
Status: Silver Member (Offline)
Joined: Mar 17 2009
Posts: 166
Thanks!

Thanks for the replies and the lively debate guys...I still feel that the Russiagate stuff has little substance and lots of hype. Plenty of people tune into their two minutes of hate on the Tee Vee everynight to fan the flames I supose.

Edwardelinski's picture
Edwardelinski
Status: Gold Member (Offline)
Joined: Dec 23 2012
Posts: 319
Be good to yourself

A therapist could help you sort through the anger,hostility and rage.The time you spent to dig up something that offensive has nothing to do with me...Dig Deep,free yourself....

TechGuy's picture
TechGuy
Status: Gold Member (Offline)
Joined: Oct 13 2008
Posts: 415
Nate Wrote or Quoted: "There

Nate Wrote or Quoted:

"There really are only two ways to solve this problem: massive taxes on someone, or a debt liquidation of some kind. And remember, if you are getting a retirement pension fund and/or healthcare, your benefits are part of that “debt liquidation"

My guess is that the tax payer gets liquidated first as taxes soar to pay for state\local\federal pension & entitlements. Taxes to prop up pensions & entitlements have been going up for decades. Back in the early 1990s The Payroll tax was capped at about 45K/yr. Today the cap is over $130K/yr. PropertyTaxes on a 2000sqft home in the 1990s was under $1K/yr. Today its about $9K/yr. My guess is that gov't will continue this trend and taxes will increase by another 50% to 75% over the next 10 years. When raising taxes fails, then they simply start printing money and crash the dollar.

 I don't the federal gov't will reduce entitlements.That said, I am sure some concessions will be made on Pensions, but not enough to fix the problem. The bulk will come from higher taxes and money printing. 

My guess is that the Boomer retirement may trip inflation, do to "skilled" labor shortages. The entire US economy will need to be supported by late boomers & Gen-x (ie Born between 1960 & 1979), as I don't expect the Millennials to pitch in much. The Majority of Millinneals avoid STEM, Industrial, & Trades type jobs. For the time being, Boomers continued to work past retirement age, but health issues will eventually force them into retirement.  Those that were born between 1960 and 1979 will be supporting the entire countriy.

 

 

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Login or Register to post comments