Vegas Free-for-All - The Federal Reserve's $4.3 trillion ticking time bomb

The Federal Reserve's $4.3 trillion ticking time bomb

alanleroyII

Jun 4, 2016
11:22am

Quote

Originally posted by: Toomany10pins
I never heard any GOP'ers in real life or in the media mention the debt until Jan 21st, 2008.

Although I am an Independent and not a Republican I constantly attacked Bush as irresponsible in running up the debt . My father was a lifelong Republican, quit the party and became an Independent because of GWB and the debt. His comment was that 'Republicans have bitched about a balanced budget for 50 years and the first time they get control of Congress and the Presidency they spend like drunken sailors'.

Frankly I don't know anyone...Republican or Democrat who is happy with the 13+ Trillion in debt our Republican and Democrat politicians have added during the Bush and Obama years. Do you?

hoops2

Jun 5, 2016
9:26pm

Block User

According to the BLS, workforce participation has been increasing for those over 55 & decreasing for those under 55.

Quote

Originally posted by: billryan
10,000 Americans reach 65 each day. The vast majority leave the workforce and retire. Another 10,000 turn 62 and about half of them retire early.
Baby Boomers have been predicted to retire in these numbers for years, yet suddenly it's a big story.

Don

Jun 6, 2016
1:30am

Block User

Quote

Originally posted by: hoops2
According to the BLS, workforce participation has been increasing for those over 55 & decreasing for those under 55.

Quote
Originally posted by: billryan
10,000 Americans reach 65 each day. The vast majority leave the workforce and retire. Another 10,000 turn 62 and about half of them retire early.
Baby Boomers have been predicted to retire in these numbers for years, yet suddenly it's a big story.

hoops2 is precisely correct. The Baby Boomers are not retiring as previous generations have.

The older/oldest workers cannot retire.
The younger/youngest workers cannot/will not find employment.

This is not a favorable trend in a healthy society.

IndyBoilerman

Jun 8, 2016
2:12am

Block User

Then Toomany wasn't listening well, since Boiler complained often and loudly.

Quote

Originally posted by: Toomany10pins
I find it ironic that we didn't hear a peep out of Republicans/conservatives/teajadists when their guy was running up debt like a drunken sailor on leave and putting it on the the taxpayer credit card. The silence was deafening.

hoops2

Jul 28, 2016
11:07pm

Block User

1,2% GDP in Q2, that is now 4 out of the last 6 quarters less than 2%. The 1.2% is even lower than obama's 7+ year avg.

LurkerPoster

Jul 29, 2016
5:49pm

Block User

Quote

Originally posted by: jatki99

Quote
Originally posted by: pjstroh
Yeah, thanks Obama for implementing QE....even though you actually have/had nothing to do with FED policy.

Europe largely followed jatki's anti-QE policy in the wake of 2008 and almost collapsed as a result. They've since followed our FED's footsteps with more positive results.

And jatki, if you support the fed aggressively raising rates you can say hello to $20 oil. You And I both got a nice taste of what that did to our investments last year didn't we?

Never said I had an answer PJ, just passing alomg a message.

Nah, you never really have answers but you're happy to blame Obama for shit every chance you get. Real stand-up guy!

hoops2

Jul 29, 2016
10:12pm

Block User

Obama is always taking credit for the economy under his watch, so when we have consistent low GDP growth under his watch it is correct to blame him.

The democrats are always blaming President Bush for his economy, so it is only fair that Obama get blamed for having the worst GDP growth since FDR.

rdwoodpecker

Jul 30, 2016
12:56pm

Block User

Quote

Originally posted by: hoops2
Obama is always taking credit for the economy under his watch, so when we have consistent low GDP growth under his watch it is correct to blame him.

The democrats are always blaming President Bush for his economy, so it is only fair that Obama get blamed for having the worst GDP growth since FDR.

Bush is long gone and it is time the Dems take some share of this run-away spending! Our employment is at it lowest levels in 40 years. The federal debt has doubled under Obama, now this can't be all of Bush's fault! Get real, we are supporting too many folks who do nothing and I mean nothing but hold their hands out for public assistance. It can not continue.

forkushV

Jul 30, 2016
2:50pm

Block User

Quote

Originally posted by: rdwoodpecker

Quote
Originally posted by: hoops2
Obama is always taking credit for the economy under his watch, so when we have consistent low GDP growth under his watch it is correct to blame him.

The democrats are always blaming President Bush for his economy, so it is only fair that Obama get blamed for having the worst GDP growth since FDR.

True that. And it turns out Bush gets a really bad rap when you compare him with Reagan.

(1.5 years out of date.)

IndyBoilerman

Jul 31, 2016
2:07am

Block User

One can always count on Forkie to misrepresent the truth.

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