The Nation's Financial Condition

[tech37]

https://www.cnn.com/2020/01/11/politics ... index.html

Do a word search in that article for "feel", they need to grow the F up and stop whining. Maybe if they were not still tied to mommies umbilical cord, the middle class areas would not be suffering so much attrition. Spoiled brats.

My niece is in the same crybaby situation. Went to The McDounough School, had to get married at the Ritz in Baltimore, both her and her husband make ~$80k/yr and live in Bethesda...renting a condo. Say they can't afford to buy a house. Why? because they want it all, right now....that entitlement BS. Yet they fly to Vegas once a month, and eat out at high end places every weekend.

Most Millennials go to McDonogh?

Ask CNN....you seem to think they have all the answers.

I am asking you. You are the guy that provided an example. The millennials I know are doing well.

Here is some data on why people may feel they are not making progress: https://www.pewresearch.org/fact-tank/2 ... r-decades/

Now that's funny...TLD fat cat 1% er...of course the millennials he knows are doing well

Persians too

Of course that was his point. Keep up.

Assuming TLD is indeed in the 1% (or 10%), I suspect he earned it.
How about you, tech, have you earned your way into the top 10%?

Lord knows I've tried but the 10% won't have me

I'm a straight, old, white male...I don't stand a chance!

[MDlaxfan76]

My signature line is so apt in this conversation. Jfc. The Trump mania blinds you to possibilities.

Does one of TLD, a fan, or MD understand that we (the government) owes 90% of the money to ourselves (the Fed mostly followed by banks, which in effect are government agencies)? Treasury debt is not, as you all seem to be so fond of saying, like Trump when he owed $$ to banks. A more apt comparison would be if Trump had owed the money to himself.

Your information is simply wrong. And your reaction is to lash out at anyone who questions your "facts", and call them TrumpHaters?

Come on, man.

The Fed holds roughly 1/6th of our Treasury notes. So nope, nowhere near your 90% nonsense. So if we follow your idea? We're stiffing real global partners in the real world.

BTW, here's the actual number of which countries we owe money to, straight from the Treasury Department.

Japan is our biggest creditor. And you're telling us that you want to stiff them?

https://ticdata.treasury.gov/Publish/mfh.txt

Sorry not 90%, just 70%. Which as I’ve said is manageable provided you offer something In exchange on a mutually agreeable deal, ie: not stiffing anyone.

And Japan is not our biggest creditor. We are our biggest creditor.

https://www.marketwatch.com/story/heres ... 2018-08-21

If you add the debt held by Social Security and all the retirement and pension funds, almost half of the U.S. Treasury debt is held in trust for your retirement. If the United States defaults on its debt, foreign investors would be angry, but current and future retirees would be hurt the most. So what do you do? Maybe offer in exchange some form of social security replacement vehicle. My guess is something needs to be done and will. I’ve heard some fascinating ideas at some events. We will surely figure it out.

But orange man bad and I don’t want to debate any topic that’s complex because all I care about is Trump.

So you changed your mind about defaulting?

I just love his argument.
Let's default all debt to all Social Security, retirement and pension funds...after all what do they need the money for?

Just offer "some sort of social security replacement vehicle". Huh, with what?

You gonna borrow any of that money???
Who from, the folks you stiffed?

So, who you gonna get that fresh cash from? The Fed (nope, you bankrupted them too).
How about the American taxpayer...really, in return for what?
A "promise"???

Meanwhile the entire world is in financial meltdown.
No one's obligations get honored, after all why should they?

But he's a "capitalist"!

[MDlaxfan76]

https://www.cnn.com/2020/01/11/politics ... index.html

Do a word search in that article for "feel", they need to grow the F up and stop whining. Maybe if they were not still tied to mommies umbilical cord, the middle class areas would not be suffering so much attrition. Spoiled brats.

My niece is in the same crybaby situation. Went to The McDounough School, had to get married at the Ritz in Baltimore, both her and her husband make ~$80k/yr and live in Bethesda...renting a condo. Say they can't afford to buy a house. Why? because they want it all, right now....that entitlement BS. Yet they fly to Vegas once a month, and eat out at high end places every weekend.

Most Millennials go to McDonogh?

Ask CNN....you seem to think they have all the answers.

I am asking you. You are the guy that provided an example. The millennials I know are doing well.

Here is some data on why people may feel they are not making progress: https://www.pewresearch.org/fact-tank/2 ... r-decades/

Now that's funny...TLD fat cat 1% er...of course the millennials he knows are doing well

Persians too

Of course that was his point. Keep up.

Assuming TLD is indeed in the 1% (or 10%), I suspect he earned it.
How about you, tech, have you earned your way into the top 10%?

Lord knows I've tried but the 10% won't have me

I'm a straight, old, white male...I don't stand a chance!

Yeah those straight white males have had such a hard time of it...I mean, really, who would ever hire them, pay them top dough?

After all, straight white males are stupid and lazy and...

[tech37]

https://www.cnn.com/2020/01/11/politics ... index.html

Do a word search in that article for "feel", they need to grow the F up and stop whining. Maybe if they were not still tied to mommies umbilical cord, the middle class areas would not be suffering so much attrition. Spoiled brats.

My niece is in the same crybaby situation. Went to The McDounough School, had to get married at the Ritz in Baltimore, both her and her husband make ~$80k/yr and live in Bethesda...renting a condo. Say they can't afford to buy a house. Why? because they want it all, right now....that entitlement BS. Yet they fly to Vegas once a month, and eat out at high end places every weekend.

Most Millennials go to McDonogh?

Ask CNN....you seem to think they have all the answers.

I am asking you. You are the guy that provided an example. The millennials I know are doing well.

Here is some data on why people may feel they are not making progress: https://www.pewresearch.org/fact-tank/2 ... r-decades/

Now that's funny...TLD fat cat 1% er...of course the millennials he knows are doing well

Persians too

Of course that was his point. Keep up.

Assuming TLD is indeed in the 1% (or 10%), I suspect he earned it.
How about you, tech, have you earned your way into the top 10%?

Lord knows I've tried but the 10% won't have me

I'm a straight, old, white male...I don't stand a chance!

Yeah those straight white males have had such a hard time of it...I mean, really, who would ever hire them, pay them top dough?

After all, straight white males are stupid and lazy and...

When is the last time you interviewed thru a HR Dept?

[Peter Brown]

I just love his argument.
Let's default all debt to all Social Security, retirement and pension funds...after all what do they need the money for?

Just offer "some sort of social security replacement vehicle". Huh, with what?

You gonna borrow any of that money???
Who from, the folks you stiffed?

So, who you gonna get that fresh cash from? The Fed (nope, you bankrupted them too).
How about the American taxpayer...really, in return for what?
A "promise"???

Meanwhile the entire world is in financial meltdown.
No one's obligations get honored, after all why should they?

But he's a "capitalist"!

Except it’s not an ‘argument’, it’s an idea. Even there you get it wrong. Your TDS clouds your thoughts.

Any debtor with large assets but low cash flow has some bargaining position. It may not be great but it’s not negligible. If anyone was brought in as a Chapter 11 trustee to work this out, I think they could do it. I could come up with a multitude of options where all creditors are made whole and I’m not even smart.

What MDLax prefers based on his ‘I’ll vote Bernie over Trump’ is in effect socialism as his cure to deficits. That’ll work out swell!

[MDlaxfan76]

https://www.cnn.com/2020/01/11/politics ... index.html

Do a word search in that article for "feel", they need to grow the F up and stop whining. Maybe if they were not still tied to mommies umbilical cord, the middle class areas would not be suffering so much attrition. Spoiled brats.

My niece is in the same crybaby situation. Went to The McDounough School, had to get married at the Ritz in Baltimore, both her and her husband make ~$80k/yr and live in Bethesda...renting a condo. Say they can't afford to buy a house. Why? because they want it all, right now....that entitlement BS. Yet they fly to Vegas once a month, and eat out at high end places every weekend.

Most Millennials go to McDonogh?

Ask CNN....you seem to think they have all the answers.

I am asking you. You are the guy that provided an example. The millennials I know are doing well.

Here is some data on why people may feel they are not making progress: https://www.pewresearch.org/fact-tank/2 ... r-decades/

Now that's funny...TLD fat cat 1% er...of course the millennials he knows are doing well

Persians too

Of course that was his point. Keep up.

Assuming TLD is indeed in the 1% (or 10%), I suspect he earned it.
How about you, tech, have you earned your way into the top 10%?

Lord knows I've tried but the 10% won't have me

I'm a straight, old, white male...I don't stand a chance!

Yeah those straight white males have had such a hard time of it...I mean, really, who would ever hire them, pay them top dough?

After all, straight white males are stupid and lazy and...

When is the last time you interviewed thru a HR Dept?

I've worked for myself for over 30 years, so no, I haven't dealt with anyone's HR dept to get a job (though HR departments are among our customers of current wellness technology company).

Don't want to be stuck with HR depts? Work for yourself.
It's "risky" but can be very rewarding, and not just financially.

But that's me.

My straight white male son had to deal with an HR dept in his hiring, though he was interviewed by the CEO too. Being white, straight and male was certainly not an impediment ...for him. I'm quite confident that with a bit of luck he will be quite successful in the business world, given his work ethic and smarts. He's more likely than I was to stick in the corporate track, but he's got a bit of risk taker too, after all he lives and works in Shanghai at age 26, running a very high growth situation for his early stage company on its way to being a unicorn. Took way less cash pay than his lax peers who went Wall Street routes, but the stock options he's earned his way into could be worth any short term give up. But if it doesn't pay off in the bank account at first, the experience will be priceless.

My straight white male brother-in-law, who lives in my basement (!), constantly deals with the bureaucracy of HR depts, even worse they involve government roles requiring the very highest security clearances. Yet, he gets hired at rates equivalent to $300k a year. How? He's wicked smart as they say in Boston, one of just a handful of guys in the world at his level of computer science. Being, old, white, male and straight is not an impediment.

My nephew is white, male and straight, hasn't found any issues with any of those attributes...he's a super hard working good kid, not in the slightest 'book smart', but I wouldn't bet against his eventually working his way into the top 10%. He's gonna get maximum mileage out of his talents.

His dad, like me, works for himself...not a 'book smart' guy either, started out simply selling houses, now owns a quite successful real estate firm. Top 10%, yes.

Frankly, I don't know any white, straight males that have found being such to be an impediment to their success.

Which is why I find the whining about being white, male and straight to be a bit ridiculous.
Now being "old" is another matter...I've got lots of aches and pains.

[Typical Lax Dad]

I just love his argument.
Let's default all debt to all Social Security, retirement and pension funds...after all what do they need the money for?

Just offer "some sort of social security replacement vehicle". Huh, with what?

You gonna borrow any of that money???
Who from, the folks you stiffed?

So, who you gonna get that fresh cash from? The Fed (nope, you bankrupted them too).
How about the American taxpayer...really, in return for what?
A "promise"???

Meanwhile the entire world is in financial meltdown.
No one's obligations get honored, after all why should they?

But he's a "capitalist"!

Except it’s not an ‘argument’, it’s an idea. Even there you get it wrong. Your TDS clouds your thoughts.

Any debtor with large assets but low cash flow has some bargaining position. It may not be great but it’s not negligible. If anyone was brought in as a Chapter 11 trustee to work this out, I think they could do it. I could come up with a multitude of options where all creditors are made whole and I’m not even smart.

What MDLax prefers based on his ‘I’ll vote Bernie over Trump’ is in effect socialism as his cure to deficits. That’ll work out swell!

The Art of the Cram Down!

[Typical Lax Dad]

https://www.cnn.com/2020/01/11/politics ... index.html

Do a word search in that article for "feel", they need to grow the F up and stop whining. Maybe if they were not still tied to mommies umbilical cord, the middle class areas would not be suffering so much attrition. Spoiled brats.

My niece is in the same crybaby situation. Went to The McDounough School, had to get married at the Ritz in Baltimore, both her and her husband make ~$80k/yr and live in Bethesda...renting a condo. Say they can't afford to buy a house. Why? because they want it all, right now....that entitlement BS. Yet they fly to Vegas once a month, and eat out at high end places every weekend.

Most Millennials go to McDonogh?

Ask CNN....you seem to think they have all the answers.

I am asking you. You are the guy that provided an example. The millennials I know are doing well.

Here is some data on why people may feel they are not making progress: https://www.pewresearch.org/fact-tank/2 ... r-decades/

Now that's funny...TLD fat cat 1% er...of course the millennials he knows are doing well

Persians too

That’s the point. Just because the folks I know are doing well doesn’t mean everyone is....most folks that are in the lacrosse bubble are doing pretty well....(notice I didn’t say all)...

[tech37]

Who's whining mdlax?...my emoji chortles

And, elitists tend to be immune from the common man's concerns

[Peter Brown]

I just love his argument.
Let's default all debt to all Social Security, retirement and pension funds...after all what do they need the money for?

Just offer "some sort of social security replacement vehicle". Huh, with what?

You gonna borrow any of that money???
Who from, the folks you stiffed?

So, who you gonna get that fresh cash from? The Fed (nope, you bankrupted them too).
How about the American taxpayer...really, in return for what?
A "promise"???

Meanwhile the entire world is in financial meltdown.
No one's obligations get honored, after all why should they?

But he's a "capitalist"!

Except it’s not an ‘argument’, it’s an idea. Even there you get it wrong. Your TDS clouds your thoughts.

Any debtor with large assets but low cash flow has some bargaining position. It may not be great but it’s not negligible. If anyone was brought in as a Chapter 11 trustee to work this out, I think they could do it. I could come up with a multitude of options where all creditors are made whole and I’m not even smart.

What MDLax prefers based on his ‘I’ll vote Bernie over Trump’ is in effect socialism as his cure to deficits. That’ll work out swell!

The Art of the Cram Down!

Wait til TLD learns ‘the art of the cram down’ in socialist countries (Bernie over Trump, correct?). Hope you enjoy Uncooked dog meat.

[Typical Lax Dad]

I just love his argument.
Let's default all debt to all Social Security, retirement and pension funds...after all what do they need the money for?

Just offer "some sort of social security replacement vehicle". Huh, with what?

You gonna borrow any of that money???
Who from, the folks you stiffed?

So, who you gonna get that fresh cash from? The Fed (nope, you bankrupted them too).
How about the American taxpayer...really, in return for what?
A "promise"???

Meanwhile the entire world is in financial meltdown.
No one's obligations get honored, after all why should they?

But he's a "capitalist"!

Except it’s not an ‘argument’, it’s an idea. Even there you get it wrong. Your TDS clouds your thoughts.

Any debtor with large assets but low cash flow has some bargaining position. It may not be great but it’s not negligible. If anyone was brought in as a Chapter 11 trustee to work this out, I think they could do it. I could come up with a multitude of options where all creditors are made whole and I’m not even smart.

What MDLax prefers based on his ‘I’ll vote Bernie over Trump’ is in effect socialism as his cure to deficits. That’ll work out swell!

The Art of the Cram Down!

Wait til TLD learns ‘the art of the cram down’ in socialist countries (Bernie over Trump, correct?). Hope you enjoy Uncooked dog meat.

That’s where we are headed with cuts at the FDA. I won’t have to worry about dog meat but it’s popular In Vietnam so don’t knock it until you try it. Smoked Labrador is probably tasty!

[MDlaxfan76]

I just love his argument.
Let's default all debt to all Social Security, retirement and pension funds...after all what do they need the money for?

Just offer "some sort of social security replacement vehicle". Huh, with what?

You gonna borrow any of that money???
Who from, the folks you stiffed?

So, who you gonna get that fresh cash from? The Fed (nope, you bankrupted them too).
How about the American taxpayer...really, in return for what?
A "promise"???

Meanwhile the entire world is in financial meltdown.
No one's obligations get honored, after all why should they?

But he's a "capitalist"!

Except it’s not an ‘argument’, it’s an idea. Even there you get it wrong. Your TDS clouds your thoughts.

Any debtor with large assets but low cash flow has some bargaining position. It may not be great but it’s not negligible. If anyone was brought in as a Chapter 11 trustee to work this out, I think they could do it. I could come up with a multitude of options where all creditors are made whole and I’m not even smart.

What MDLax prefers based on his ‘I’ll vote Bernie over Trump’ is in effect socialism as his cure to deficits. That’ll work out swell!

good lord...ok, I'll bite, what exactly are these "assets" ?
Maybe you're going to sell off the park system?
Nope, that gets you at best a couple of percent there.

Yeah, at best this is an "idea"...a ridiculous one, but it does fall into the category of 'idea'.

Have I mentioned Trump in this discussion? Nope.
Someone else made that connection, but I actually thought you were 'thinking' for yourself.

On Bernie, I think he's half off his rocker, but I'll swallow half off versus fully off. I'll trade honest over dishonest.

Please pay attention, my interest (with regard to economic philosophy) is Trumpism getting defeated ignominiously so that we (the GOP) can actually return to promoting a notion of fiscal responsibility, heck the opposite of what you are describing above.

[Typical Lax Dad]

Who's whining?...my emoji chortles

And, elitists tend to be immune from the common man's concerns

Man these minorities have it easy with HR. Just stand in front of 270 Park Ave and watch the people go in. We need to MAGA!!

[Peter Brown]

Who's whining?...my emoji is chortles

And, elitists tend to be immune from the common man's concerns

I’ve come to feel sorry for HBS and Yale Law grads, mostly the ones who constantly remind you of their degrees. Trust me, I hire many of them.

Their problems are in fact worse than the ‘common man’s’. Many are self-hating egotists, prone to cracking under pressure, no faith in god, awful interpersonal relationships, constantly evaluating themselves against unachievable results, ultimate fakers unable to be real.

I’ll take an engineer any day. The common man is far superior.

[MDlaxfan76]

Who's whining?...my emoji chortles

And, elitists tend to be immune from the common man's concerns

Perhaps I misunderstood you as "whining" with all the stuff about being an old, white, straight male...thus what, disadvantaged?
Sure sounds like a whine to me.

Actually, I'm quite interested in the "common man's concerns".
I just don't think the only "common men" are those that fit that definition.

And bottomline, don't be "common".

[Peter Brown]

I just love his argument.
Let's default all debt to all Social Security, retirement and pension funds...after all what do they need the money for?

Just offer "some sort of social security replacement vehicle". Huh, with what?

You gonna borrow any of that money???
Who from, the folks you stiffed?

So, who you gonna get that fresh cash from? The Fed (nope, you bankrupted them too).
How about the American taxpayer...really, in return for what?
A "promise"???

Meanwhile the entire world is in financial meltdown.
No one's obligations get honored, after all why should they?

But he's a "capitalist"!

Except it’s not an ‘argument’, it’s an idea. Even there you get it wrong. Your TDS clouds your thoughts.

Any debtor with large assets but low cash flow has some bargaining position. It may not be great but it’s not negligible. If anyone was brought in as a Chapter 11 trustee to work this out, I think they could do it. I could come up with a multitude of options where all creditors are made whole and I’m not even smart.

What MDLax prefers based on his ‘I’ll vote Bernie over Trump’ is in effect socialism as his cure to deficits. That’ll work out swell!

good lord...ok, I'll bite, what exactly are these "assets" ?
Maybe you're going to sell off the park system?
Nope, that gets you at best a couple of percent there.

Yeah, at best this is an "idea"...a ridiculous one, but it does fall into the category of 'idea'.

Have I mentioned Trump in this discussion? Nope.
Someone else made that connection, but I actually thought you were 'thinking' for yourself.

On Bernie, I think he's half off his rocker, but I'll swallow half off versus fully off. I'll trade honest over dishonest.

Please pay attention, my interest (with regard to economic philosophy) is Trumpism getting defeated ignominiously so that we (the GOP) can actually return to promoting a notion of fiscal responsibility, heck the opposite of what you are describing above.

You think the ‘parks’ are the only revenue assets the United States owns?! Jfc.

[MDlaxfan76]

Who's whining?...my emoji is chortles

And, elitists tend to be immune from the common man's concerns

I’ve come to feel sorry for HBS and Yale Law grads, mostly the ones who constantly remind you of their degrees. Trust me, I hire many of them.

Their problems are in fact worse than the ‘common man’s’. Many are self-hating egotists, prone to cracking under pressure, no faith in god, awful interpersonal relationships, constantly evaluating themselves against unachievable results, ultimate fakers unable to be real.

I’ll take an engineer any day. The common man is far superior.

Are you saying that engineers are "common man"?
Or are these unrelated thoughts?

I'm also puzzled as to why you think we should 'trust' that you hire "many" HBS and Yale Law grads, yet clearly despise (or are envious of) them.

I sure wouldn't hire anyone I considered "self-hating egotists, prone to cracking under pressure, no faith in god, awful interpersonal relationships, constantly evaluating themselves against unachievable results, ultimate fakers unable to be real."

Actually the no faith in god one probably wouldn't come up, but the rest would all send them out the door.

[tech37]

Who's whining?...my emoji chortles

And, elitists tend to be immune from the common man's concerns

Perhaps I misunderstood you as "whining" with all the stuff about being an old, white, straight male...thus what, disadvantaged?
Sure sounds like a whine to me.

Actually, I'm quite interested in the "common man's concerns".
I just don't think the only "common men" are those that fit that definition.

And bottomline, don't be "common".

Interested? i'm surprised you don't write another one of your novellas on the subject

[MDlaxfan76]

I just love his argument.
Let's default all debt to all Social Security, retirement and pension funds...after all what do they need the money for?

Just offer "some sort of social security replacement vehicle". Huh, with what?

You gonna borrow any of that money???
Who from, the folks you stiffed?

So, who you gonna get that fresh cash from? The Fed (nope, you bankrupted them too).
How about the American taxpayer...really, in return for what?
A "promise"???

Meanwhile the entire world is in financial meltdown.
No one's obligations get honored, after all why should they?

But he's a "capitalist"!

Except it’s not an ‘argument’, it’s an idea. Even there you get it wrong. Your TDS clouds your thoughts.

Any debtor with large assets but low cash flow has some bargaining position. It may not be great but it’s not negligible. If anyone was brought in as a Chapter 11 trustee to work this out, I think they could do it. I could come up with a multitude of options where all creditors are made whole and I’m not even smart.

What MDLax prefers based on his ‘I’ll vote Bernie over Trump’ is in effect socialism as his cure to deficits. That’ll work out swell!

good lord...ok, I'll bite, what exactly are these "assets" ?
Maybe you're going to sell off the park system?
Nope, that gets you at best a couple of percent there.

Yeah, at best this is an "idea"...a ridiculous one, but it does fall into the category of 'idea'.

Have I mentioned Trump in this discussion? Nope.
Someone else made that connection, but I actually thought you were 'thinking' for yourself.

On Bernie, I think he's half off his rocker, but I'll swallow half off versus fully off. I'll trade honest over dishonest.

Please pay attention, my interest (with regard to economic philosophy) is Trumpism getting defeated ignominiously so that we (the GOP) can actually return to promoting a notion of fiscal responsibility, heck the opposite of what you are describing above.

You think the ‘parks’ are the only revenue assets the United States owns?! Jfc.

help me out...what are these revenue producing assets that the US owns?

[MDlaxfan76]

Who's whining?...my emoji chortles

And, elitists tend to be immune from the common man's concerns

Perhaps I misunderstood you as "whining" with all the stuff about being an old, white, straight male...thus what, disadvantaged?
Sure sounds like a whine to me.

Actually, I'm quite interested in the "common man's concerns".
I just don't think the only "common men" are those that fit that definition.

And bottomline, don't be "common".

Interested? i'm surprised you don't write another one of your novellas on the subject

another time, tech, another time.