Discussion Topic |
|
This thread has been locked |
Craig Fry
Trad climber
So Cal.
|
|
Jul 15, 2015 - 01:58pm PT
|
Pensions are paid into by the employee, so it's called stealing when the Gov. takes it away.
SS could be solvent for the rest of eternity if it was fixed by Congress, all they have to do is lift the cap so the rich pay into it.
But the Neo-cons would rather scrap it than fix it, they say you can't make the rich pay their fair share, that's Wealth Redistribution!
|
|
TGT
Social climber
So Cal
|
|
Jul 15, 2015 - 02:15pm PT
|
SS could have been solvent if Johnson hadn't started robbing the "trust fund" to pay for the "great society" and succeeding administrations hadn't continued the theft of our collective retirement funds.
|
|
rottingjohnny
Sport climber
mammoth lakes ca
|
|
Jul 15, 2015 - 05:17pm PT
|
Craig..Come on now..The 1% are hurting..if you lower their taxes they will create more jobs...Raising the minimum wage will hurt job growth...
|
|
Gary
Social climber
From A Buick 6
|
|
Jul 15, 2015 - 05:22pm PT
|
Don't you understand that? The problem they have, like much of the rest of the world. They/we have too many over 60 people collecting fat pensions from the Gov. and not enough people paying into the system.
Totally wrong. If we got the parasitical .1% off our backs, we'd all be doing fine. We just can't afford to carry those leeches on our backs anymore.
|
|
TGT
Social climber
So Cal
|
|
Jul 15, 2015 - 05:36pm PT
|
The problem Greece has is that those "parasitical Leeches" left long ago.
There are plenty of great Greek job creators,
Just none of them in Greece.
|
|
tuolumne_tradster
Trad climber
Leading Edge of North American Plate
|
|
Jul 15, 2015 - 08:38pm PT
|
I miss Yanis...apparently he had to go when the Troika realized how popular he was becoming among German youth...
[Click to View YouTube Video]
|
|
Brokedownclimber
Trad climber
Douglas, WY
|
|
Jul 15, 2015 - 09:16pm PT
|
The banks have already taken a haircut of some 42% of the amount loaned, as the several governments involved (Germany, Austria, and Finland)have purchased much of the Greek debt and are in the process of passing the pain along to their taxpaying citizens. The banks were paid a severely discounted 58% of the debt and are actually "off the hook." The chance that this debt will be paid back is virtually nonexistent. Figure a rough 60:40 pain distribution between governments and banks. The EU is fiscally able to stand that sort of beating based on Eu 400 Billion, and the banks are well capitalized. Merkel, et. al. aren't in the business of charity, so additional "handouts" are going to have some severe restrictions included.
|
|
climbski2
Mountain climber
Anchorage AK, Reno NV
|
|
Jul 15, 2015 - 09:44pm PT
|
What is money? What is it's purpose at this level...
Simple questions I don't pretend to know the answers to.
I'm very sure it is not simply a metric for transferring and supporting legitimate productivity. It seems to be at least as much a geopolitical tool for a game I suspect is being played in ways I cannot imagine.
|
|
Gary
Social climber
From A Buick 6
|
|
Jul 16, 2015 - 05:45am PT
|
The problem Greece has is that those "parasitical Leeches" left long ago.
They may physically leave the country, but they still rob from the working folk. Just like in this country, they move their factories to communist China, but they continue to live in their mansions here.
Nowadays, of course, they just import Indian slaves.
An Alabama marine construction company has agreed to pay $20 million to more than 200 guest workers from India who alleged they were kept in labor camps so squalid and crowded that one worker attempted suicide.
The settlement, announced Tuesday, resolves 11 lawsuits against Signal International filed in Alabama, Texas and Louisiana. The company has declared bankruptcy, so the settlement must be approved in bankruptcy court.
Signal International brought guest workers to Pascagoula, Miss., and other sites in 2006 and 2007 to repair oil rigs and other heavy machinery in the Gulf of Mexico that were damaged during Hurricane Katrina.
The men were trained in India as welders and pipe fitters, and came to the U.S. on promises that they would get green cards and permanent U.S. residency, according to the lawsuits filed by the workers, who put their families deep in debt to reach the U.S.
They received no green cards. Instead, the lawsuits alleged, they were confined to guarded camps, where 24 men were crammed into living spaces the size of a double-wide trailer.
According to the Southern Poverty Law Center, which pursued the case on behalf of some of the workers, Signal International forced the men to pay $35 per day to live in the labor camp and sent security guards to detain workers who complained. http://www.latimes.com/nation/la-na-ff-workers-lawsuit-20150714-story.html
|
|
Reilly
Mountain climber
The Other Monrovia- CA
|
|
Jul 16, 2015 - 08:00am PT
|
So explain to me why hard working Germans and Dutch should pay for Greeks to sit around
avoiding paying their own taxes? In effect the Germans and the Dutch members of the great
socialist brotherhood are paying the Greek socialists' taxes. Nice!
The Euro is getting hammered today but I'm no longer short it. It really
should be lower anyway and that helps them, not that it will make Mercs
or Porsches any cheaper.
|
|
Fritz
Trad climber
Choss Creek, ID
|
|
Jul 16, 2015 - 07:29pm PT
|
Reilly! Re your mention:
So explain to me why hard working Germans and Dutch should pay for Greeks to sit around
avoiding paying their own taxes? In effect the Germans and the Dutch members of the great
socialist brotherhood are paying the Greek socialists' taxes. Nice!
From USA TODAY. http://www.usatoday.com/story/news/world/2015/07/15/greece-parliament-bailout-vote/30176167/
ATHENS — After anti-austerity protesters clashed with police nearby, Greece's parliament early Thursday accepted harsh terms demanded by creditors to receive nearly $100 billion in the country's third bailout in five years.
The measure passed overwhelmingly, 229-64, despite three dozen defections from Prime Minister Alexis Tsipras' ruling Syriza party.
The vote — cast about two hours after the midnight Wednesday deadline — will allow Athens to receive a financial lifeline from its international creditors, but comes at a significant cost of higher taxes, deep cuts in pensions and other government benefits and the sale of most state assets.
After the approval, the European Central Bank agreed to increase the limit on emergency funding to Greece, supplying much-needed funds to the debt-strapped country.
Driving home from a mountain adventure late today, I listened to NPR following up on this story & reporting Greek banks will reopen on Monday, with strict limits on allowing withdrawls.
Despite my mixed libtard/consevatard thoughts on this whole matter, it appears the Greek crisis is “mostly-over" for the moment.
Yes!
Greek will default on their loans, but that’s Europe’s problem.
U.S. stock markets were up again today & once again touching or beating record highs-------which is very rare in the summer months.
|
|
Studly
Trad climber
WA
|
|
Jul 16, 2015 - 07:54pm PT
|
Considering that there is absolutely no way we can pay off our national debt, was does that tell you about our economy Fritz? Who is going to bail us out? What will the stock market look like then?
|
|
rockermike
Trad climber
Berkeley
|
|
Jul 16, 2015 - 08:26pm PT
|
Well China could come marching in and take their blood. I bet yosemite would fetch a pretty penny. But the US has been investing heavily in arms for years - rust belt factories be damned - so we're good to go. No foreign troops will be marching in here to claim their due. I guess that was Greece's mistake. ha
|
|
Fritz
Trad climber
Choss Creek, ID
|
|
Jul 16, 2015 - 09:07pm PT
|
Studly: I agree it is a very complicated subject, but here is a link to a Bloomberg site that shows the story of government debt per person by country.
http://www.bloomberg.com/visual-data/best-and-worst//most-government-debt-per-person-countries
It appears that in 2014, each American could pay off their share of the public debt with around $59,000. Each Greek owes around $38,000 euros.
Think about how much average income differs between the US & Greece.
Feel free to correct me from accepted websites.
I'm not panicked about my share of our government debt.
|
|
Reilly
Mountain climber
The Other Monrovia- CA
|
|
Jul 16, 2015 - 09:18pm PT
|
Think about how much average income differs between the US & Greece
Yeah, but what does a bottle of ratsina cost there?
|
|
Reilly
Mountain climber
The Other Monrovia- CA
|
|
Jul 16, 2015 - 09:35pm PT
|
I can't get a thing by you, Fritzi, at least in the oenology department.
Funny, I had a superb Greek white at a tasting at the Getty Villa Sunday.
It was astonishingly good - sort of a sauvignon blanc with just the merest
touch of sweetness - perfect for the horse d'oeuvres of figs wrapped in
pancetta. OMG!
BTW, off to the Winds tomorrow! WOOT!
|
|
Brokedownclimber
Trad climber
Douglas, WY
|
|
Jul 17, 2015 - 11:18am PT
|
In the long run, Greece leaving the EU should benefit the country enormously. They will all have to go back to work at their jobs, be taxed, and live happily ever after. Not.
Germany, Netherlands, Finland, and Austria will heave a sigh of relief from no longer being burdened by a deadbeat economy. The price was only Eu 400 Billion. They got off cheap.
Fritz & Reilly: Retsina = disgusting; agreed!
|
|
|
SuperTopo on the Web
|