O T and the economy

[Juan]

I think he needs to start a new poll!
2nd 1/4 G D P 3.3%

 

[Anonymous]

I think he needs to start a new poll!
2nd 1/4 G D P 3.3%

Juan- you must be a Republican cultist- having to ask an Independent how to do something, you can easily do yourself :???: :wink: :lol: :lol: McGigolo just asks his wife to do it for him on the computer, since the computer age has passed him by also and he is also computer illiterate :roll: :shock: :lol: :lol:

I was going to run a new one- but wait until after the election, so folks would have more info- on whether we get 4 more years of the Same-O economic policy- or if we have a chance for change...

 

[Soapweed]

I think he needs to start a new poll!
2nd 1/4 G D P 3.3%

Juan- you must be a Republican cultist- having to ask an Independent (LIBERAL) how to do something, you can easily do yourself :???: :wink: :lol: :lol: McGigolo just asks his wife to do it for him on the computer, since the computer age has passed him by also and he is also computer illiterate :roll: :shock: :lol: :lol:

I was going to run a new one- but wait until after the election, so folks would have more info- on whether we get 4 more years of the Same-O economic policy- or if we have a chance for change...

Another perfect example of a Liberal Elitist looking down their nose at a mere Republican. :roll:

 

[nonothing]

I think he needs to start a new poll!
2nd 1/4 G D P 3.3%

Juan- you must be a Republican cultist- having to ask an Independent (LIBERAL) how to do something, you can easily do yourself :???: :wink: :lol: :lol: McGigolo just asks his wife to do it for him on the computer, since the computer age has passed him by also and he is also computer illiterate :roll: :shock: :lol: :lol:

I was going to run a new one- but wait until after the election, so folks would have more info- on whether we get 4 more years of the Same-O economic policy- or if we have a chance for change...

Another perfect example of a Liberal Elitist looking down their nose at a mere Republican. :roll:

Well it is almost impossible to look up their nose at them....

 

[Soapweed]

Juan- you must be a Republican cultist- having to ask an Independent (LIBERAL) how to do something, you can easily do yourself :???: :wink: :lol: :lol: McGigolo just asks his wife to do it for him on the computer, since the computer age has passed him by also and he is also computer illiterate :roll: :shock: :lol: :lol:

I was going to run a new one- but wait until after the election, so folks would have more info- on whether we get 4 more years of the Same-O economic policy- or if we have a chance for change...

Another perfect example of a Liberal Elitist looking down their nose at a mere Republican. :roll:

Well it is almost impossible to look up their nose at them....

You could always try.

 

[RobertMac]

...whether we get 4 more years of the Same-O economic policy????

Careful of what you ask for....

http://gatewaypundit.blogspot.com/2008/08/recession-on-hold-poverty-declines.html

 

[MoGal]

Well, here's an example of how seniors who don't get raises on their social security (CPI doesn't include food and utilities and medicine) that are really essential for everyday living:

http://www.truthout.org/article/study-bankruptcies-soar-senior-citizens

While the bankruptcy filing rate for those under 55 has fallen, it has soared for older Americans, according to a new analysis from the Consumer Bankruptcy Project, which examined a sampling of noncommercial bankruptcies filed between 1991 and 2007.

The older the age group, the worse it got - people 65 and up became more than twice as likely to file during that period, and the filing rate for those 75 and older more than quadrupled.

"Older Americans are hit by a one-two punch of jobs and medical problems and the two are often intertwined," said Elizabeth Warren, a Harvard Law School professor who was one of the authors of the study. "They discover that they must work to keep some form of economic balance and when they can't, they're lost."

In 1991, the 55-plus age group accounted for about 8 percent of bankruptcy filers, according to the study, which looked at more than 6,000 cases filed in 1991, 2001 or 2007. By last year, filers 55 and over accounted for 22 percent.

Each age group under 55 saw double-digit percentage drops in their bankruptcy filing rates over the survey period, older Americans saw remarkable increases. The filing rate per thousand people ages 55-64 was up 40 percent; among 65- to 74-year-olds it increased 125 percent; and among the 75-to-84-year-old set, it was up 433 percent.

A number of factors are contributing to the increase. Higher prices for ordinary consumer goods have hit seniors on fixed budgets. For older Americans living below the poverty level, or not far above, a safety net likely doesn't exist for economic setbacks such as medical problems. And some fall prey to scams that cripple their finances.

Warren noted increasing numbers of Americans are entering their retirement years with significant debt and are still paying off mortgages. She said it was wrong to assume that lives of luxury are bankrupting seniors; rather, they're incurring debts to meet needs such as medical treatment.

"There's no evidence that the problem is consumerism," the professor said.

Nor is there a significant aging trend to blame. While the country is set to experience a notable age shift in the coming years, no major one took place between 1991, when the average age was 33, and 2007, when it was 36.

So, just smirk to yourself all you'd like about this "wonderful" economy but one day you'll be a senior too.

 

[Soapweed]

So, just smirk to yourself all you'd like about this "wonderful" economy but one day you'll be a senior too.

Oh boy, then do we get to graduate? :roll: