Comments for My Budget 360 http://www.mybudget360.com Fri, 20 Feb 2015 22:09:52 +0000 hourly 1 http://wordpress.org/?v=4.1.1 Comment on A demographic tsunami looms: By 2020 we will have 20 percent of our population 65 and older. Half of elderly Americans would be in financial ruin if it weren’t for Social Security. by ame http://www.mybudget360.com/social-security-demographic-tsunami-ssi-income/#comment-368682 Fri, 20 Feb 2015 22:09:52 +0000 http://www.mybudget360.com/?p=6087#comment-368682 Supposedly hyperinflation is coming this year and so that will be a game-changer, right?
((shrugs))

All I know is, “Debt is dumb, cash is king and the paid-off home mortgage has taken the place of the BMW as the status symbol of choice.”
(Quote: Dave Ramsey)

Take good care to the best of your ability your friends and family. They are where your wealth lies.

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Comment on Top 4 largest occupation sectors in the United States all in the low wage service sector paying $10 an hour or less: What does it mean living near the minimum wage? by stan http://www.mybudget360.com/top-4-employment-sectors-us-low-wage-top-employment-fields/#comment-368669 Fri, 20 Feb 2015 20:28:38 +0000 http://www.mybudget360.com/?p=6082#comment-368669 Many of those in the $10 an hour group were the very same people who laughed and picked on the kids who studied in high school so maybe its poetic justice…

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Comment on A demographic tsunami looms: By 2020 we will have 20 percent of our population 65 and older. Half of elderly Americans would be in financial ruin if it weren’t for Social Security. by jsmith http://www.mybudget360.com/social-security-demographic-tsunami-ssi-income/#comment-368305 Wed, 18 Feb 2015 02:25:50 +0000 http://www.mybudget360.com/?p=6087#comment-368305 That’s the ticket crawlars! I’m going to go to the local social security office and see if they can increase my monthly electronic deposit to my account by $1000.00. I’ll let the agent know that all she has to do is tell the Fed to approve it, and that I’ll make sure they know that in turn I’m going to take those $1000.00 tokens and exchange it for food and maybe throw in a new car, which by the way with an extra $1000.00 I can probably make $400.00 payments per month, thereby keeping auto workers working and paying taxes. What a marvelous idea! Of course I’m going to buy an American car. It’s the right thing to do.

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Comment on A demographic tsunami looms: By 2020 we will have 20 percent of our population 65 and older. Half of elderly Americans would be in financial ruin if it weren’t for Social Security. by Rufus T Firefly http://www.mybudget360.com/social-security-demographic-tsunami-ssi-income/#comment-368292 Wed, 18 Feb 2015 01:36:36 +0000 http://www.mybudget360.com/?p=6087#comment-368292 Too freaking bad, baby boomers. You had 30 years of bull markets to prepare for when you were 64 and far too many of you didn’t. Enjoy your miserable retirements, living on ramen noodles and bloviating on how special you were.

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Comment on A demographic tsunami looms: By 2020 we will have 20 percent of our population 65 and older. Half of elderly Americans would be in financial ruin if it weren’t for Social Security. by crawlars http://www.mybudget360.com/social-security-demographic-tsunami-ssi-income/#comment-368237 Tue, 17 Feb 2015 16:49:17 +0000 http://www.mybudget360.com/?p=6087#comment-368237 Someday, perhaps, enough of the public will understand that the US is monetary sovereign, it cannot run out of money. As such, the cry that Social Security is broke or will be broke is a lie.
The Fed (or Treasury) can fund social security with electronics entries to bank accounts, no taxation necessary.
For the public at large, those of us in the 99%, this would actually be a better way to more widely distribute cash into the productive economy….through seniors who would spend this money on food, shelter and care…employing a wide variety of workers. This is far better than the banks deploying only 80% of the money they create into non-productive enterprise (commercial loans, home mortgages and speculation…all of which should be either interest/profit free or not done at all by banks…whose mission to profit for themselves does not deploy the public’s money to the benefit of society in general.
Read up on the Big Lie and Monetary Sovereignty.

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