Registered: Jul 2003
Location: Illinois
Posts: 1190

Yeah, Your union man gov. Blagoyavich cut all state spending, costing us teamsters thousands of dollars last year.

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Registered: Oct 2004
Location: N.W. Indiana
Posts: 85

what about the tollroad and 80 94 expansions. they sure produced jobs. Blagoyavich aproved both.

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Registered: Oct 2004
Location:
Posts: 34

Like what,you calling me daddy?LOL

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Registered: Jul 2003
Location: Illinois
Posts: 1190

2 wooping jobs state wide!!!! Both in Chicago!!!! Gotta get those Chicago votes!!!!!!! Gimme a break!!!!!!!

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Registered: Oct 2004
Location:
Posts: 34

beat me to it blister

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Registered: Jul 2003
Location: PA
Posts: 2162

In the short-term, tax-cuts usually help the economy!!! Buy now, pay later. Well, that's how I bought my house. That's how I buy my cars. Without a roof over my head, and a car to get to work, I HAVE NO ECONOMY!!!

In the long-term, it's hard to judge. It's not debt dollars that count, so much as debt-income ratio. For example, Reagan drove our national debt to about 4 trillion. GW is the second greatest contributor to national debt, taking it to around $7 trillion (so far), but interest costs are lower. Let's take it to $8 trillion by 2006 (he'll probably get there).

Example :

Assumption 1 (1988) : Debt is 4 trillion. Interest rate is 5%. Our annual interest pymt. is 200 Billion.

Assumption 2 (2006) : Debt is 8 trillion. Interest rate is 3%. Our annual interest payment is 240 Billion.

If you just look at the 4 trillion and 8 trillion figures, you'd say we're twice as worse off.

But, let's look further. Assume that our national income is .25 times our national debt (in each case).

Assumption 1 (1988) : Income 1 trillion. Debt 4 trillion. Interest 200 Billion. Debt-Income Ratio = 20%. Money left for other purposes = 80%.

Assumption 2 (2006) : Income 2 trillion. Debt 8 trillion. Interest 240 Billion. Debt-Income Ratio = 12%. Money left for other purposes = 88%.

Where are we better off? Under Assumption 2, obviously.

These are hypotheticals (for illustration only). If you want to do some research, check the annual national debts, treasury interest rates, and GNI figures, and do the calculations (to see what our most prosperous years were (as a country), feel free.

In government, it's debt-income ratio that matters most, as govt. is perpetual.

On an individual level, we have to pay it off (our lives are not perpetual).

Geez!!! I'm confusing myself. I thought increasing the national debt was bad. Now, I'm surmising that "it depends". It depends on the financing rate, and the level of income that the debt investment produces. WHEW!!!

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Registered: Jun 2003
Location: Gosport Indiana
Posts: 800

DANG T-BO, we live in Indiana too, but in our area the size of house you have would be around $70,000. Seems to me you are paying thru the nose just to be where you are. No offense but, here in the mid south area of our great state the average cost of a 1300 sq. ft. home is much lower than what you have to pay, I guess if you want to live in a certain area you have to pay for it. Me, I'd rather live where my money goes farther. My average yearly income is $45,000 a year, we own 2 acres, have a decent home, drive 2 fairly nice trucks, are able to buy the "little" things we want, nothing major, and we get by just fine. But again, I guess it could depend if you can be happy with what you really need and not what you want in order to "keep up" with the Jones's. Us, we are happy with having family close by, hounds to hunt with and each other to love and lean on. But again, I guess it all depends on where your priorities are. Material things, with all the bells and whistles, or a simple life of family, love, and happiness. Us, we choose the latter.

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Registered: Aug 2004
Location: Rockmart Ga.
Posts: 8685

T-BO, YOU MAKE $34 AN HOUR AND YOUR GRIPING???? I'VE NEVER HEARD SUCH IN ALL MY LIFE. $34 AN HOUR????? WHAT DO YOU WANT????????????? $34 an hour???????? I got layed off a couple of years ago from the chemical company and I was making $17.50 an hour and I THOUGHT I HAD IT MADE!!!!!!!!! I WAS SO DANG GRATEFULL, I COULDNT BELIEVE THE MONEY I WAS MAKEING!!!!!!!!!!! $34 AN HOUR AND YOUR GRIPEING!!!!!!!!!!! AND ALL YOUR DOING IS WELDING????????? You aint performing brain surgery there man. Your not a lawyer, your a welder. If I'm not mistaken, last time I checked on a welding job around here it paid maybe $15 an hour. What would you say to $15 and hour????? IF you cry and whine this bad over $34 an hour what would you say to $15 an hour????? I just got layed off the other day and I was making $10.50 an hour!!!!!!!!!!! MAN!!!!!!!!!!! I GUESS I REALLY SHOULD BE CRYING AND WHINING REALLY BAD!!!!!!!!!!!!!!!!! LISTEN T-BO .............. THE REGISTERED NURSES (RN'S) WHERE I WORKED DIDNT MAKE NO $34 AN HOUR!!!!!!!!!!!!!!!!!!!!

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Registered: Oct 2004
Location: N.W. Indiana
Posts: 85

Im happy Im just sticking up for others. Not saying me personally.

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HOME of 'Y&T's CHIEF EXECUTIVE
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Where the hounds do the talkin!
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Registered: Jun 2004
Location: (Richmond IN)
Posts: 967

T-BOs....... Just mad because BUSH won Indiana by 60%.......HIS vote didnt count.......LOL.....CHET

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Registered: Jul 2003
Location: N.C.
Posts: 207

T-Bo, " I feel your pain" because it's the same way I felt when Clinton got re-elected ! LOL, you are a class act sir. I guess someone has to stand in for Redtick.

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