Comments on: How Subprime Will Hurt Your Kids, Byron King on $115 Oil, Food Crisis Getting Serious, $2 Mil Camels, and More!

By: Flexiril » Blog Archive » How Subprime Will Hurt Your Kids, Byron King on $115 Oil…

Tue, 06 May 2008 14:27:10 +0000

[...] decried this morning. “Under current conditions… loans can only be made at an economic loss.”read more | digg [...]

By: Employment Stats Point to Recession, Heads Rollin’ on Wall Street, Financials Outlook, Universal Healthcare and More! : Contrarian Profits

Fri, 18 Apr 2008 18:05:07 +0000

[...] Lynch followed their own bad news yesterday with the announcement they’ll be letting 10% of their work force go, another 4,000 [...]

By: Roberts81756

Roberts81756 — Thu, 17 Apr 2008 22:05:48 +0000

As the single parent of a daughter who will hopefully enter college in September, 2009 I’d like to make an observation regarding your first item. It seems that college tuition has undergone the same, irrational explosion as home prices and for the same reason. As long easy money was available through extortionistas like Sallie Mae, tuitions could go stratospheric. One did not even have to worry about overstating income on the application because these kids HAD no regular income. Sallie Mae could claim the maximum high road in furthering education when it lent $40,000 per school year in the pursuit of a degree which led to a job that paid $25,000 per “adult” year. Instant debt slavery without the hassle of a FICO score and legally not dischargeable–EVER. Another American policy made in debt heaven. So is it too much to hope that college tuition will go the way of home equity and the dodo? Deflation has a melodic ring here. Be gentle. (Is it really abusive to force your only child into the service economy instead of Aruba over Easter?)

By: ToddWarner

ToddWarner — Thu, 17 Apr 2008 20:48:53 +0000

Gentleman,

After reading the readers’ responses regarding universal heath care, I wondered if there was still intelligent life in this country. Haven’t they been paying attention to you’ve been saying???

Let’s review….the Treasury is printing money like crazy and the value of the dollar is tanking, the National Debt keeps climbing along with the cost to support it and Baby Boomers are poised to retire and crush the Social Security and Medicare systems. Social Security will start paying out more than it takes in around 2017 and will be exhausted in 2041. Medicare is already bleeding red ink and will be exhausted in about 10 years. I suggest everyone read the Annual Trustees report for Social Security and Medicare. Then move over to the report from the Office of Management and Budget. And while you’re at it, check out the Gov’t Accounting Office (GAO) and see what they have to say about our financial mess.

After digesting all of that and you still think we have the money to pay for Universal Health Care, then get yourself to the nearest emergency room because your brain function has flat-lined. You think we’re not part of the civilized world because we don’t have socialized medicine. May I also remind you that we don’t have the crippling tax rates of these countries either. It’s about time you cleared your head of liberal/socialist haze and realized that the solution lies in fixing the way health care is delivered in this country rather than thinking the gov’t can fix it by taking control of it. What makes you think a bunch of mind-numb bureaucrats can run our health care system?

I feel much better now, thank you.