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Deep in Debt, and Now Deep in Worry (pls feel sorry for the irresponsible)
NYT ^
| 01/25/09
| BEN STEIN
Posted on 01/25/2009 3:52:00 AM PST by TigerLikesRooster
click here to read article
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To: TigerLikesRooster
ROFLOL
41
posted on
01/25/2009 7:18:32 AM PST
by
org.whodat
(Conservatives don't vote for Bailouts for Super-Rich Bankers! Republicans do!)
To: TigerLikesRooster
There’s always a honest living to be made in porn. Get busy, girl.
To: TigerLikesRooster
I can't comprehend the astral plane that this story issued from. The magnitude of the financial problem is beyond any thinking persons comprehension.
Why does Ben feel compelled to try to offer her advice? She obviously is a leech and as such should be ignored. The only thing she has to offer others is advice on how to take what isn't hers.
My advice to anyone who is having a tough time nowadays is for them to study the prior choices others have made that allows them to be free from worry in todays economy.
43
posted on
01/25/2009 7:26:53 AM PST
by
whodathunkit
(Shrugging as I leave for the Gulch)
To: TigerLikesRooster
Ever since, Ive been thinking of the troubles of this sweet woman,
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
Sweet? I would call her **STUPID**!!!
She is reaping what she as sowed. ( And...I feel sorry for her kids who are likely very “messed up”.)
44
posted on
01/25/2009 7:58:50 AM PST
by
wintertime
(Good ideas win! Why? Because people are NOT stupid)
To: raybbr
Um—the last 5 months have been hugely deflationary. Food is higher than a year ago but most other things are down. Housing prices are way down, clothing & electronics are way down, gas is the lowest it’s been in 5 years, commodity prices are down on average around 60%. Stocks are down 40+%, corp bonds are down, assets dropped $10 trillion in value. Car values are down. Almost everything is down.
45
posted on
01/25/2009 8:27:09 AM PST
by
rb22982
To: pnh102
In stories like these, I think the unmarried boyfriends who foot the bill for such lifestyles are more foolish than the woman who is the subject of this story.The johns in this story are Ivy League graduates who have been running the financial institutions that got us into this mess. The distaff side is providing a cash service, which the Johns are paying for with cash ripped off from their depositors and investors and now the American public.
To: rb22982
Umthe last 5 months have been hugely deflationary. Food is higher than a year ago but most other things are down. Housing prices are way down, clothing & electronics are way down, gas is the lowest its been in 5 years, commodity prices are down on average around 60%. Stocks are down 40+%, corp bonds are down, assets dropped $10 trillion in value. Car values are down. Almost everything is down.What about compared to a year ago? Of course they came down in the last five months.
Also, notice now they are adding fuel and energy into the CPI whereas before it was separate.
47
posted on
01/25/2009 8:45:44 AM PST
by
raybbr
(It's going to get a lot worse now that the anchor babies are voting!)
To: raybbr
Electronics, clothing, housing, cars, gas, commodities are all down from a year ago. IT was NEVER seperate a year ago...the US measures 2 versions of inflation - Core (which excludes food & energy) and total (all). Feel free to go to bls.gov and do the research.
48
posted on
01/25/2009 8:51:20 AM PST
by
rb22982
To: rb22982
I have done the research and believe the CPI is manipulated to keep inflation down because of its ties to SS increases.
BTW, how did we only have 2 or 3 percent inflation when housing was going up ten to fifteen percent a year several years ago?
I don't buy electronics, housing and cars every day. Food I need for my family. That's way up over a year ago. Just look at chicken prices.
Honestly, anyone that looks at the CPI for an indication of whether we are in inflation or deflation lives in a fantasy world. Just like a politician.
49
posted on
01/25/2009 8:55:04 AM PST
by
raybbr
(It's going to get a lot worse now that the anchor babies are voting!)
To: raybbr
They measure rents instead of owning (Clinton changed that IIRC). Food only makes up 10% of my budget, so even if it went up 10%, it would only be a 1% cost of living increase. Just because you don’t buy it every day doesn’t mean its not a valid measure. I got chicken breast for $2.77/lb this week and $2.99 the two weeks before. Last year it was $3.99-$4.99. What’s your point?
50
posted on
01/25/2009 9:02:13 AM PST
by
rb22982
To: raybbr
http://www.bls.gov/news.release/cpi.nr0.htm
FYI--SS is going up over 5% this year despite the fact that we are likely to have massive deflation.
51
posted on
01/25/2009 9:07:50 AM PST
by
rb22982
To: raybbr
Also, notice now they are adding fuel and energy into the CPI whereas before it was separate.Are core and headline two words you keep missing?
52
posted on
01/25/2009 9:50:13 AM PST
by
Toddsterpatriot
(Will the doomers ever buy a calculator?)
To: raybbr
BTW, how did we only have 2 or 3 percent inflation when housing was going up ten to fifteen percent a year several years ago?If I bought my house 15 years ago with a fixed rate mortgage, why will a jump in housing raise my cost of living?
53
posted on
01/25/2009 9:51:49 AM PST
by
Toddsterpatriot
(Will the doomers ever buy a calculator?)
To: TigerLikesRooster
Let’s see, she took huge financial risks to live beyond her means. Depended on the belief of a never ending stream of money from x-husband and boyfriend, tries to run a store that never makes money, and has an interest only loan on a 2.7 million dollar house. Financial planning at its best.
54
posted on
01/25/2009 9:52:25 AM PST
by
yazoo
To: TigerLikesRooster
America, a nation of free-spending Peter Pans. Ben Stein's right on this - and this is a well thought out piece.
55
posted on
01/25/2009 9:58:33 AM PST
by
GOPJ
(Bad & corrupt business decisions get bailed-out. Why should I play by the rules?FRpierrem15)
To: Toddsterpatriot
If I bought my house 15 years ago with a fixed rate mortgage, why will a jump in housing raise my cost of living?If I bought a tv, a car, a computer, etc. two years ago why would a drop in their cost affect my cost of living.
Thanks for proving my point. The "cost of living" has nothing to do with electronics, cars, tv's, etc.
56
posted on
01/25/2009 10:03:36 AM PST
by
raybbr
(It's going to get a lot worse now that the anchor babies are voting!)
To: raybbr
Excellent! Now you know how we only had 2 or 3 percent inflation when housing was going up ten to fifteen percent a year several years ago.
Glad I could help.
57
posted on
01/25/2009 10:06:21 AM PST
by
Toddsterpatriot
(Will the doomers ever buy a calculator?)
To: TigerLikesRooster
She has a wealthy beau who pays her credit card bills and other incidentals, but she is thinking of telling him she is through with him.Looks like she has options not fully 'excercised'.
58
posted on
01/25/2009 10:10:39 AM PST
by
Balding_Eagle
(If America falls, darkness will cover the face of the earth for a thousand years.)
To: Toddsterpatriot
Excellent! Now you know how we only had 2 or 3 percent inflation when housing was going up ten to fifteen percent a year several years ago. Glad I could help.Not so much! I still believe the numbers are manipulated and we are lied to about the "cost of living". Why should anything but consumables be included in there? Why aren't taxes included?
59
posted on
01/25/2009 10:13:42 AM PST
by
raybbr
(It's going to get a lot worse now that the anchor babies are voting!)
To: raybbr
Why should anything but consumables be included in there?CPI is consumer price index. Do consumers buy housing?
Why aren't taxes included?
Fuel and property taxes are included.
60
posted on
01/25/2009 10:16:09 AM PST
by
Toddsterpatriot
(Will the doomers ever buy a calculator?)
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