The Nation's Financial Condition

[a fan]

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.

First of all, your ownership of debt numbers are still wrong, but let's set that aside.

What you are suggesting is that we intentionally default on a debt by swapping that debt for......what, exactly? We have to give up something of value to another country...what could you possibly imagine that to be?

And you understand that no one will want to lend us money anymore if we follow this advice of yours right? So the day we default...we can't borrow anymore. So....what do you suggest we do to keep the lights on in America when that happens?


Wouldn't the easier path be to simply pay our fair share of taxes, and stop borrowing money for no reason other than we have Americans who don't want to pay their tab?

[Typical Lax Dad]

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.

An engineer is the common man? BTW, there are a ton of kids that go engineering > MBA track . You should stop hiring from blue blood MBA programs.

[Peter Brown]

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.

First of all, your ownership of debt numbers are still wrong, but let's set that aside.

What you are suggesting is that we intentionally default on a debt by swapping that debt for......what, exactly? We have to give up something of value to another country...what could you possibly imagine that to be?

And you understand that no one will want to lend us money anymore if we follow this advice of yours right? So the day we default...we can't borrow anymore. So....what do you suggest we do to keep the lights on in America when that happens?


Wouldn't the easier path be to simply pay our fair share of taxes, and stop borrowing money for no reason other than we have Americans who don't want to pay their tab?

Maybe we shouldn’t borrow? Novel idea I know.

I have zero debt. Maybe the country should do the same?

[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.

An engineer is the common man? BTW, there are a ton of kids that go engineering > MBA track . You should stop hiring from blue blood MBA programs.

If you think HBS and Yale Law grads consider engineers their peers, you may want to have a few drinks while I tell you some anecdotes.

[Typical Lax Dad]

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.

An engineer is the common man? BTW, there are a ton of kids that go engineering > MBA track . You should stop hiring from blue blood MBA programs.

If you think HBS and Yale Law grads consider engineers their peers, you may want to have a few drinks while I tell you some anecdotes.

So an engineer that goes to HBS or Yale law is not a peer? Where did you see that?

[a fan]

Maybe we shouldn’t borrow? Novel idea I know.

I have zero debt. Maybe the country should do the same?

That's precisely what most of us here want! You're preaching to the choir.

Raise taxes to a reasonable, sustainable level.

Cut unneeded services.

Problem solved.


Trump could have done that at any point in his first two years when he controlled government with the R's.

What did they do? They increased spending, and cut taxes, just as they always do.

[Peter Brown]

Maybe we shouldn’t borrow? Novel idea I know.

I have zero debt. Maybe the country should do the same?

That's precisely what most of us here want! You're preaching to the choir.

Raise taxes to a reasonable, sustainable level.

Cut unneeded services.

Problem solved.


Trump could have done that at any point in his first two years when he controlled government with the R's.

What did they do? They increased spending, and cut taxes, just as they always do.

And obviously the solution to this spending is socialism, according to many of the same ‘most of us here’. Bernie over Trump, right?

[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.

An engineer is the common man? BTW, there are a ton of kids that go engineering > MBA track . You should stop hiring from blue blood MBA programs.

If you think HBS and Yale Law grads consider engineers their peers, you may want to have a few drinks while I tell you some anecdotes.

So an engineer that goes to HBS or Yale law is not a peer? Where did you see that?

Engineers rarely attend HBS or Yale Law. They’re too busy solving actual problems.

[youthathletics]

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.

An engineer is the common man? BTW, there are a ton of kids that go engineering > MBA track . You should stop hiring from blue blood MBA programs.

If you think HBS and Yale Law grads consider engineers their peers, you may want to have a few drinks while I tell you some anecdotes.

So an engineer that goes to HBS or Yale law is not a peer? Where did you see that?

Engineers rarely attend HBS or Yale Law. They’re too busy solving actual problems.

As opposed to creating them for everyone else.

[a fan]

And obviously the solution to this spending is socialism, according to many of the same ‘most of us here’. Bernie over Trump, right?

Right. Because Trump isn't a socialist, right? Please. Trump left "socialist" Obama in the dust $3 Trillion+ in new spending ago, remember? What do you think all that money is for?

Handouts. How many billions did farmers get?

And well.....we discussed this already, didn't we? Anytime you and your industry want to turn in your Federal and State subsidies and privatize all those airports, let me know. Start there.

You think socialism is bad? Great. Heal thyself, and send your lobbyist the DC to private the industry. The Chinese would be overjoyed to buy DIA or OHare.

I'm not sure you'd be all that happy with what they'd charge you to land. But I'd be thrilled to not have to hand you my tax dollars over so you can turn a profit. I'm in!

[old salt]

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.

An engineer is the common man? BTW, there are a ton of kids that go engineering > MBA track . You should stop hiring from blue blood MBA programs.

If you think HBS and Yale Law grads consider engineers their peers, you may want to have a few drinks while I tell you some anecdotes.

So an engineer that goes to HBS or Yale law is not a peer? Where did you see that?

Engineers rarely attend HBS or Yale Law. They’re too busy solving actual problems.

As opposed to creating them for everyone else.

The engineers & technical pilots at Boeing knew there were potential new emergency failure modes, due to the addition of the MCAS on the MAX.
Emergencies which could be quickly recognized & safely dealt with if the pilots received transition training, including simulator training, when qualifying to fly the new MAX. The bean counter MBA's wanted to save the training $$$ for their customers by advertising that the transition training need only be a 2 hr self-administered online course. They sold the FAA on it & intimidated some hesitant foreign nation aviation authorities to accept it. ...some Boeing MBA's deserve jail time for this (imho).

[Typical Lax Dad]

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.

An engineer is the common man? BTW, there are a ton of kids that go engineering > MBA track . You should stop hiring from blue blood MBA programs.

If you think HBS and Yale Law grads consider engineers their peers, you may want to have a few drinks while I tell you some anecdotes.

So an engineer that goes to HBS or Yale law is not a peer? Where did you see that?

Engineers rarely attend HBS or Yale Law. They’re too busy solving actual problems.

You on faculty?

https://www.hbs.edu/mba/academic-experi ... fault.aspx

Jokers.

[Typical Lax Dad]

I take it some of the clowns here didn’t go to business school..... it’s common.

https://spectrum.ieee.org/at-work/educa ... n.amp.html

Of the two smartest kids I went to school with, one was from Turkey and the other was an engineer.

https://www.nytimes.com/2009/11/03/educ ... engin.html

https://www.business.rutgers.edu/execut ... y-managers

[MDlaxfan76]

I take it some of the clowns here didn’t go to business school..... it’s common.

https://spectrum.ieee.org/at-work/educa ... n.amp.html

Of the two smartest kids I went to school with, one was from Turkey and the other was an engineer.

https://www.nytimes.com/2009/11/03/educ ... engin.html

https://www.business.rutgers.edu/execut ... y-managers

For some, ignorance is bliss.

[Kismet]

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.

An engineer is the common man? BTW, there are a ton of kids that go engineering > MBA track . You should stop hiring from blue blood MBA programs.

If you think HBS and Yale Law grads consider engineers their peers, you may want to have a few drinks while I tell you some anecdotes.

So an engineer that goes to HBS or Yale law is not a peer? Where did you see that?

Engineers rarely attend HBS or Yale Law. They’re too busy solving actual problems.

As a graduate of an Engineering school, I can tell you that MANY of my classmates and those from other classes attended both HBS and Yale Law. I found this also to be true about other engineering schools as I interacted with those people post-graduation. I don't know if you attended an engineering school, but no idea how you arrived at this conclusion. IMHO it is exactly these kinds of unsubstantiated materials some try to foist on others to make some kind of a point. This is actually pointless as there is no point if there are to facts to back-up such declarations.

[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.

An engineer is the common man? BTW, there are a ton of kids that go engineering > MBA track . You should stop hiring from blue blood MBA programs.

If you think HBS and Yale Law grads consider engineers their peers, you may want to have a few drinks while I tell you some anecdotes.

So an engineer that goes to HBS or Yale law is not a peer? Where did you see that?

Engineers rarely attend HBS or Yale Law. They’re too busy solving actual problems.

As a graduate of an Engineering school, I can tell you that MANY of my classmates and those from other classes attended both HBS and Yale Law. I found this also to be true about other engineering schools as I interacted with those people post-graduation. I don't know if you attended an engineering school, but no idea how you arrived at this conclusion. IMHO it is exactly these kinds of unsubstantiated materials some try to foist on others to make some kind of a point. This is actually pointless as there is no point if there are to facts to back-up such declarations.

I think what you meant is ‘some’ of your engineering classmates attended “either” HBS or Yale Law. I mean not many persons attend both schools let alone are an engineer.

No matter. I have 35 engineers whom I work with every day. None attended business school nor law school. Generally, their common sense is phenomenal.

The program listed far above in another post is a 30 person scholarship to HBS. I believe HBS has 1000 attendees per year?

Do engineers get graduate business degrees? Sure. It’s also clearly a sore issue to point out that engineers are generally in the business of real world problem solving and not theoretical degree accumulating. I get the distinct sense there is something afoot here that I have stumbled upon.

Carry on.

[Typical Lax Dad]

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.

An engineer is the common man? BTW, there are a ton of kids that go engineering > MBA track . You should stop hiring from blue blood MBA programs.

If you think HBS and Yale Law grads consider engineers their peers, you may want to have a few drinks while I tell you some anecdotes.

So an engineer that goes to HBS or Yale law is not a peer? Where did you see that?

Engineers rarely attend HBS or Yale Law. They’re too busy solving actual problems.

As a graduate of an Engineering school, I can tell you that MANY of my classmates and those from other classes attended both HBS and Yale Law. I found this also to be true about other engineering schools as I interacted with those people post-graduation. I don't know if you attended an engineering school, but no idea how you arrived at this conclusion. IMHO it is exactly these kinds of unsubstantiated materials some try to foist on others to make some kind of a point. This is actually pointless as there is no point if there are to facts to back-up such declarations.

I think what you meant is ‘some’ of your engineering classmates attended “either” HBS or Yale Law. I mean not many persons attend both schools let alone are an engineer.

No matter. I have 35 engineers whom I work with every day. None attended business school nor law school. Generally, their common sense is phenomenal.

The program listed far above in another post is a 30 person scholarship to HBS. I believe HBS has 1000 attendees per year?

Do engineers get graduate business degrees? Sure. It’s also clearly a sore issue to point out that engineers are generally in the business of real world problem solving and not theoretical degree accumulating. I get the distinct sense there is something afoot here that I have stumbled upon.

Carry on.

“Engineers rarely attend HBS or Yale Law. They’re too busy solving actual problems.”

Harvard should just shut down their program, since they can’t draw enough students. Yeah. Carry on.

[Kismet]

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.

An engineer is the common man? BTW, there are a ton of kids that go engineering > MBA track . You should stop hiring from blue blood MBA programs.

If you think HBS and Yale Law grads consider engineers their peers, you may want to have a few drinks while I tell you some anecdotes.

So an engineer that goes to HBS or Yale law is not a peer? Where did you see that?

Engineers rarely attend HBS or Yale Law. They’re too busy solving actual problems.

As a graduate of an Engineering school, I can tell you that MANY of my classmates and those from other classes attended both HBS and Yale Law. I found this also to be true about other engineering schools as I interacted with those people post-graduation. I don't know if you attended an engineering school, but no idea how you arrived at this conclusion. IMHO it is exactly these kinds of unsubstantiated materials some try to foist on others to make some kind of a point. This is actually pointless as there is no point if there are to facts to back-up such declarations.

I think what you meant is ‘some’ of your engineering classmates attended “either” HBS or Yale Law. I mean not many persons attend both schools let alone are an engineer.

No matter. I have 35 engineers whom I work with every day. None attended business school nor law school. Generally, their common sense is phenomenal.

The program listed far above in another post is a 30 person scholarship to HBS. I believe HBS has 1000 attendees per year?

Do engineers get graduate business degrees? Sure. It’s also clearly a sore issue to point out that engineers are generally in the business of real world problem solving and not theoretical degree accumulating. I get the distinct sense there is something afoot here that I have stumbled upon.

Carry on.

I'd appreciate you not telling me what I meant - I meant what I said which, in no way, meant BOTH. It illustrates your problem - you not only know it all but you feel obligated to tell everyone else they are wrong and you are right - Frankly you sound exactly like those arrogant grads of those school that you dislike so intensely. My advice would be for you to stop talking and start listening or, i other words STFU for a while.

[Peter Brown]

"MANY of my classmates and those from other classes attended both HBS and Yale Law."


I'd appreciate you not telling me what I meant - I meant what I said which, in no way, meant BOTH.

TDS infects us in ways both big and small.

[Kismet]

I read it as I wrote it - and know what I meant which I have since clarified

As for my opinion of you - it has not changed - I still consider you an arrogant know-it-all.

Have a nice day.