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- report: US has regressed to developing nation status
http://news.mit.edu/2017/america-economy-decline-middle-class-0313
http://www.independent.co.uk/news/world/americas/us-developing-nation-regressing-economy-poverty-donald-trump-mit-economist-peter-temin-a7694726.html MIT economist Peter Temin says 80 per cent of the population is burdened with debt and anxious about job security Peter Temin says the world's’ largest economy has roads and bridges that look more like those in Thailand and Venezuela than those in parts of Europe.
What is it like living in a 2nd world country? |
FLUFFYGERM posted...
we better impose more costs on that 20 percent so they too can be poor! It's like a 17 year old decided to start discussing politics.
Typical gameFAQers are "Complainers that always complain about those who complain about real legitimate complaints."-Joker_X
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FightingGames posted...
Peter Temin says the world's’ largest economy has roads and bridges that look more like those in Thailand and Venezuela than those in parts of Europe. Simple solution: Gut entitlement spending, and slash military spending. End the "prevailing wage" laws. That frees up plenty of money for infrastructure. The preamble specifically states "common defense" and "general welfare" - not force projection and individual entitlements. |
Questionmarktarius posted...
FightingGames posted... The preamble was written much earlier than the bill of rights. |
Rexdragon125 posted...
Capitalism working as intended it sure is capitalism's fault people are paying as much for their insurance premiums as they are for their mortgage definitely not government's fault! it sure is capitalism's fault people are taking on way too much consumer debt for things they don't nee. definitely not people's fault! |
FLUFFYGERM posted...
it sure is capitalism's fault people are paying as much for their insurance premiums as they are for their mortgage Why do we have premiums in the first place? |
KiwiTerraRizing posted...
USA isn't a country, its a business run by management trying to bleed it dry. That...seems like a good metaphor to describe most countries really.
I'm Mary Poppins y'all.
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Damn.... That's really messed up 😔
Listen to my story... This... May be our last chance...
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FLUFFYGERM posted...
we better impose more costs on that 20 percent so they too can be poor! Home ownership was a dream that entirely died in the early 2000s for all except the high middle class and above. People have rented or lived at home their entire lives in multigenerational homes. The baby boom dream of every family realistically owning their own home was an anomaly, and society is moving to correct it. Besides, even when you 'own' your home, you always have to pay property taxes and home maintenance costs. You will ALWAYS be paying some asshole to be living where you are.
Welcome to the Brave New World of 1984! Current temp: Fahrenheit 451
It's never a bad day, and always a good night, so BE HAPPY and enjoy your stay! |
EyeWontBeFooled posted...
Home ownership was a dream that entirely died in the early 2000s for all except the high middle class and above. I got a mortgage on a $120,000 house while making $10.50/hr Wasn't easy though and I regret the inground pool
"All I have is my balls and my word, and I don't break them for anyone!"-Tony Montana
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FLUFFYGERM posted...
it sure is capitalism's fault people are taking on way too much consumer debt for things they don't nee. definitely not people's fault! It's funny that you think how most people behave under a system is not part of the system.
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Tote | 0791-3850-7706 |
Unsugarized_Foo posted...
EyeWontBeFooled posted... If you've somehow managed to keep the mortgage payment under $546, that's not so bad. |
developing nation definition. A nation where the average income is much lower than in industrial nations, where the economy relies on a few export crops, and where farming is conducted by primitive methods. In many developing nations, rapid population growth threatens the supply of food. How in the world does the US fit that definition? We don't export as much as we used to but we have a very wide variety of exports and still export more than most other countries on the planet. Our agriculture techniques are far from primitive and a rapid population boom would in no way threaten our food supply. |
So just End the Fed then.
AKA Level 36 ForestWanderer / ObjectiveLogic
http://www.poorcouplesfoodguide.com - Pizza Time! |
HBOSS posted...
Ouch. Cash out and let everything burn. They won't care as long as they get their paychecks from the lobbyist. |
Wherethisfeom posted...
Makes Americans making fun of Japan all the funnier. At least they're still in developed county territory Developing countries can still make fun of developed countries. China used to make fun of the US and various EU countries all the time.
Grass Hurricane Master
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Tmaster148 posted...
HBOSS posted... Surely we need another stimulus to get the economy going? Shouldn't that have trickled down by now? Turns out it was the biggest transfer of wealth in history from the poor and middle class to the rich. Whoops. |
I feel like 90% of this is stuff that @Darkman124 and I have talked about in the past. I read that to mean that we are as smart as MIT professors.
Honestly this is the stuff that keeps me up at night. I am in the top income quintile, am educated and kind of sort of in the FTE industry (manufacturing but with a company that spends tons on cutting edge technology development, though not for stuff at the consumer level). I support mass unionization and to a certain extent, protectionism. But I also think we need to support globalism to an extent to not be left behind. Basically capitalism/socialism, worker rights/employer rights, protectionism/globalism are all on a spectrum which we always think in black and white but need to find places in the middle that actually benefit the most Americans. I think income and wealth disparity is the major driver in all divisiveness today. |
KILBOTz posted...
I feel like 90% of this is stuff that @Darkman124 and I have talked about in the past. I read that to mean that we are as smart as MIT professors. it's not some new idea or anything this isn't even the first or second prominent book about it released this year lol edit -- it actually could be the second one, I didn't realize this was months old already
He would make his mark, if not on this tree, then on that wall; if not with teeth and claws, then with penknife and razor.
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Balrog0 posted...
KILBOTz posted... I know. I just wanted to say I am as smart as an MIT professor. Let me have my moment. |
I love how they always refer to "parts of Europe" because if they actually compared to Europe as a whole they'd have to deal with shitty countries like Greece or Ukraine.
Speaking of Europe, if the US is so bad why is unemployment in the likes of Italy, France, or Spain double or even triple our rate?
It will be more bearable for Tyre and Sidon on the day of judgment than for you. | I did not come to bring peace to the earth, but the sword.
-Jesus |
KILBOTz posted...
Balrog0 posted... but how can you be as smart as an MIT professor if you can't figure out you soiled yourself |
courier_nv posted...
but how can you be as smart as an MIT professor if you can't figure out you soiled yourself What makes you think that MIT professors don't regularly soil themselves? |
Darkman124 posted...
are you quoting me repeatedly to get my hot take mostly just to harass you. |
Zeeak4444 posted...
FLUFFYGERM posted... Hey man, I wasn't that dumb at 17
Cowboy Dan's a major player in the cowboy scene
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Unsugarized_Foo posted...
EyeWontBeFooled posted... Try doing the same thing living anywhere in Canada. Not gonna fly.
Welcome to the Brave New World of 1984! Current temp: Fahrenheit 451
It's never a bad day, and always a good night, so BE HAPPY and enjoy your stay! |
That's not a report, it's just a clickbait headline taken from a book he wrote. The articles linked have absolutely no content whatsoever.
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soon we will be a 3rd world country thanks trump
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- report: US has regressed to developing nation status
- Boards
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- report: US has regressed to developing nation status
Zeeak4444 posted...
FLUFFYGERM posted...
we better impose more costs on that 20 percent so they too can be poor!
forget home ownership, enjoy your Obamacare premiums instead!!!!!!! LOL!!!!!
It's like a 17 year old decided to start discussing politics.
Sometimes you’d swear that account was Proudclad, other times...lol
TomNook20 posted...
That's not a report, it's just a clickbait headline taken from a book he wrote. The articles linked have absolutely no content whatsoever.
That's the impression I'm getting.
The most relaxing version of Aquatic Ambiance I've ever heard:
http://www.youtube.com/watch?v=bl61y1XM7sMQuestionmarktarius posted...
mortimerjames posted...
Obama is sitting on an island with a smug look
"Mission accomplished"
...he moved back to Hawaii?
did you not see him buying carribean islands a few months ago?
Tell me the story about how people used to believe in the Bible - Future kid to their grandparentsHm. I guess it makes sense. But going to have to agree with the clickbait thing. Unfortunately the wealthy being cheap-asses hits home far too often than not. Also seems like when they are doing this they are invested in something that will be a loss for them. Unfortunately the upper class in this country is incompetent as all hell.
I've been tempted to move out of the country but I'm not entirely sure where I'd want to move. Probably a more socialist centered country. And one that can properly manage it's problems.
Hive Mind of Dark Aether, the unofficial Metroid Social Private board.
https://www.gamefaqs.com/boards/851-dark-aetherI've considered Iceland and Switzerland before. Iceland is extremely small though and bilingual. Switzerland from what I remember has some political issues, as do a few European countries, specifically with their neighbors in the middle East and in Russia. Australia has a weird government from what I remember, and they get strange laws sometimes that benefit nobody. New Zealand is nice but it's also very small and remote even in comparison to Iceland.
So I'm not entirely sure.
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