Guess where all those "Free Trade" jobs are growing in our economy, yup, GOVERNMENT aka Socialism is the number one employer.
Posted on 01/05/2006 9:44:26 AM PST by jb6
Guess where all those "Free Trade" jobs are growing in our economy, yup, GOVERNMENT aka Socialism is the number one employer.
We don't have a $40 trillion national debt. Where are you getting your supposed MBA? Sure doesn't seem like you're getting your moneys worth.
The simple fact is that the average wage earner is earning less. If wealth is being added to or maintained, its because both spouses are now working.
As I was saying, our debt is through the roof. That's how we're "rich" in crap that we can't afford.
Note that while the income growth has stagnated from 1979 to 2003, the number of mothers working has sky rocketed in the same time period. So, it now takes both parents working to keep even a bit ahead.
Thanks for posting this! Good points!
As of this year, the Federal government debt is: $8.2 trillion
House Hold Credit card and Auto loan debts are $2 trillion + but we'll just round to $2 trillion.
House Hold Mortgage debts are around $8 trillion
That's $18.2 trillion on Federal and House Hold debt.
The remainder is eaten up between corporate and state/municipality debt.
That's great, problem is, debt is still rising faster then household net worth and household net worth mostly comes from unrealized realestate worth. If the value of the realestate falls, so does the net worth. Debt, however, remains, since it is realized or in other words, already liquid and spent.
Sorry, the $51 trillion was households only. That's household assets minus household debt equals $51 trillion.
I'd be interested in a source that gives that info. Even if true, net worth already includes debt, and it's still rising, in fact almost doubled over the last 10 years.
and household net worth mostly comes from unrealized realestate worth.
Actually, real estate equity only makes up $10.9 trillion of the $51 trillion total.
Yada..yada..there were Italians, Romainians, Japanese, British, American, ..etc..etc..
Do some reading before you start name calling.
Well I never woulda thunk it. Hitler the internationalist. I do a lot of reading but the books I read make all those Allies of Hitler out to be fools who would have been under the boot of the Master Race (unless they were lucky enough to be able to prove their Aryan i.e. German ancestry) had Hitler won the war. This is a joke. Do some reading yourself without interpreting everything to suit your purposes.
Saying this line over and over might make it believed, but it will never make it true.
We're not bad off. We all know wages are not down --well, ok maybe your full-time-payroll-large-company-male-median from '77 to '01, but I'll withhold judgment until I see where those stats came from. We all know we're better off --everyone can see for themselves that total incomes are way up and wealth is way up. That stuff about debt being greater than net wealth or most assets are from the real estate bubble --horse hockey. We all went to school and know that net worth is what you have when you subtract debt from assets, and anyone can look up wealth data on the web and see that and that home equity is less than a fourth of total wealth ($17 trillion out of $49 trillion).
Perhaps you should first look to your own defense. I'm still waiting for a cogent reply to my first comment on this thread (#21). If my defense is so shoddy, then you should have no trouble explaining why you and Marx both argue that free(r) trade leads to social unrest, yet I am a Marxist while not doing so. I'll go make pancakes. 
I have done some reading, to the tune of several dozen books.
I can't say I've read "several dozen books" on Nazi Germany, but I've read many and Hitler most assuredly was no socialist or internationalist. He didn't give a damn about socialism or he wouldn't have purged the true socialists from the party. He was a nationalist dictator, or "facist" (to use the terminology of the left which isn't quite accurate). He was no friend of internationalists.
Any source for your (phony) $40 trillion claim? Do you understand that household numbers don't include government totals?
I was thinking, maybe we could get that Brazilian professor's e-mail address? I'd like to ask him or her about that "income equalization" claim. Most professors enjoy answering e-mail, but I understand if his or her privacy needs to be respected.
Maybe the professor could also tell us how much of WalMart's sales are of Chinese goods?
The interesting thing is that most of the $8+trillion is assets held by the people as savings bonds or T-bills; and if anyone here thinks that t-bills are worthless, I'll be happy to buy them at 10cents on the dollar.
Don't thank me, that's just the kind of guy I am.
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