Posted on 02/01/2006 8:49:13 AM PST by Toddsterpatriot
Ping.
Just under 15% of my income is stolen from me in the form of Social Security. The politicians want you to think its savings.
Yes what we need is more complex calculations more invassive surveys, and to count everything including the XBox360 as savings.
Between the price of gasoline for the car, and gas and oil for heating, is it any wonder that peoples savings have gone negative. Hell, even a Democrat can figure that out.
You're as good at reading as you are at accounting.
YO, Adrian, read the article. American savings are not going negative. DemonRATS can't "figure" anything out. Being a demonRAT is akin to being a communist which is a mental disease.
Is paying down debt the equivalent of savings?
Thanks for the ping!
You apparently have never heard of the word sarcasm.
people are just saving "differently" than they used to ... people are smarter about how and in what they invest. Many of these changes in behavior are not registering in government surveys.
LOL! Kind of ironic since they probably have already spent it.
So much for "savings."
You mean all your posts about assets yesterday were sarcasm and not stupidity? Thanks for clearing that up.
IMO, no.
A good, timely article, and the 'savings rate' is a bogus statistic since its absolutely meaningless in the context of today's environment. My net worth keeps on growing year after year, despite having 0 savings according to the gubmint. Oh, the horror.
"Saving differently". Exactly. Why should anyone park significant funds in interest bearing accounts that not only lag the return in stocks, real estate but are taxed every year as income as well?
Exactly. You can make $100,000 in capital gains which the government doesn't count. They do manage to subtract the $15,000 you pay in capital gains taxes. I guess the $85,000 left over doesn't exist.
You can put $14,000 (last year, $15,000 this year) into your 401k, but that doesn't count either. Real good statistic they have there.
Thanks for posting this.
It is probably a safe bet to say that, The Wall Street Journal’s David Wessel, was/is a rat weasel hire by Al Hunt when Hunt ran the bs side of the WSJ.
Hunt was in charge of the rigged polls and bs like this. He hire and trained a large cadre of left wing liars to infiltrate the WSJ, and they are still there.
Ths is quite unrelated to you're bragging about what big assets you have yesterday.
Liberalizing the definition of savings is a stupid idea that will drive the country further into debt.
It's bad enough that idiots like yourself call your car savings without convincing everyone to do so.
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