Yeah. Of working hard and actually managing your money instead of blowing it away on junk. Those are the right kind of thoughts/attitude.
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Yeah. Of working hard and actually managing your money instead of blowing it away on junk. Those are the right kind of thoughts/attitude.
How does that apply to the coal miners, always indebt to the company store? or to millions around the world who never have owned a coin? Are you not just confirming that "it takes money to make money" and other facts relating to the poor and exploited stated in my last post (#279)?
I was tempted to say "I am self-made. No one "gave" me anything", but I'm not. I'm God-made. Everything I have/am is from His grace.
And I want my 3 minutes back from having to read that monologue.
In post 279, which you read, I gave a little personnal information. Please at least tell us where you went to school (names of the schools, not the cities) and how was that paid for? Did God really make those tuition and years of food payments?
Start with your high school(s) - were they public or private? I will probably know that about the college, but give that public vs. private infro too (After a poor West Virginia public highschool, I went to two private universities, Cornell* and Johns Hopkins, but never paid tuition. - Always full need scholarship.)--------------------
*Cornell is actually a mix of public and private. It is a "land grant" state or public school in the agricultural departments and high tution private ivy league in the rest. Some poor NY state students get accepted in the agg school, take as few ag-corses as possible and as many in the other departments as possible and then transfer out of the ag school in their last year - that saves a lot of money, and ends up wit a degree from private ivy league part of Cornell, but I do not know if still possible.
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No, I'm not just confirming that old adage. Many times it also involves making a big change - like filing bankruptcy and moving AWAY from the coal mines (although I believe that actually a figment of your imagination today - left over from when it was true of coal miners in the 1940s).
Or do as many others do in poverty stricken parts of the world - start walking and/or jump into a boat to a better place. Might get killed on the way? They probably will die prematurely where they are now so why not try???
Buffalo Roam
Registered Senior Member
Yes, I have to agree with you, to work is to be a winner, and there are a lot of poor people who work and have family who don't feel poor, I never felt poor when I grew up, and it was family that made it so, and we worked hard every day, and we went to Church on Sunday, and when the family got together, it was good times, everybody brought something, and we were rich in the things that counted most, God, Family, Country.
No not imagination but certainly not true any longer in the USA, only in India, China and many other less wealthy countries.* In fact being a coal miner is not a bad option in the USA to day for a strong young man** who does not like academic things. I think the starting pay is over $50K per year at most mines and the safety is not too bad. - Certainly more likely to die, on a per exposure hour basis, if you are in your car and going more than 50mph than working in a modern US mine. In China, more than 5,000
coal miners die each year in accident. I not one year in the last decade have 50 coal miners died in the US but may be wrong on that. I would put money on the bet that the last ten year average has been less than 50/yr rate.
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*Again illustrating on a national level, that "it takes money to make money easily" (as I stated initially) and now add "safely."
**I dated a very attractive lady (one of many) for a few months between marriages, occasionally going to bed with her, who had worked in the mines as a saftey officer, so this opportunity is not just for men.
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Many do and have. So many have that EU and USA are effectively closed to them now, unless they have the cash to pay someone to help sneak them in. (Many die even then, perhaps from lack of air in some crate or over crowded truck.) A few, too badly educated to know they can not breath at high altitudes many airliners fly, die trying and fall out of the landing wheel wells when the plane lands. I bet they worked harder* than Sandy ever will and probably prayed to the same God, but that does not give the guaranteed "success" that Sandy suggests. They were not going to the same schools as Sandy did so were much more ignorant and God took them "home sooner" because of that lack of schooling.
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*typically digging ditches or "back breaking" day labor under a hot sun stoop picking some crop.
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Buffalo Roam
Registered Senior Member
For the atheist out there it's Darwin law cleaning out the gene pool.
For the rest of us, do it legally and you won't have to worry about dying because some coyote takes your money and does'nt give a rats ass about your life, and ships you like cattle to the slaughter.
Sounds like farm work, and many a family came to America, Legally, and started out that way, back breaking work under a hot sun, and they gave their children a better life for it, so what has changed? for one, I don't know of a ditch that is dug by hand today in America, and to many people want it handed to them on a silver platter, they don't want to wait in line, they don't give their children a good work and saving ethic, and teach them to wait and save to get some where, every one wants it now.
I was tempted to say "I am self-made. No one "gave" me anything", but I'm not. I'm God-made. Everything I have/am is from His grace.
And I want my 3 minutes back from having to read that monologue.
actually your parents made you
kmguru
Staff member
Great Economic News for China
USA Trade Deficit
Year Deficit $Billions
2001 83,045,656
2002 103,115,207
2003 123,960,742
2004 161,977,969
2005 201,625,793
2006 232,548,623
2007 260,000,000 (Projection, on track $239B till November)
2008 300,000,000 (Projection)
2009 330,000,000 (Projection)
2010 359,000,000 (Projection)
Is it sustainable?
USA Trade Deficit
Year Deficit $Billions
2001 83,045,656
2002 103,115,207
2003 123,960,742
2004 161,977,969
2005 201,625,793
2006 232,548,623
2007 260,000,000 (Projection, on track $239B till November)
2008 300,000,000 (Projection)
2009 330,000,000 (Projection)
2010 359,000,000 (Projection)
Is it sustainable?
Buffalo Roam
Registered Senior Member
Now how about the projections of the growth of the GNP, that is the question, GNP is a far better indication of debt sustainability than Projection of Debt.
Besides China will bury themselves in pollution and crash their economy for it.
the trade defict is a important stat
kmguru
Staff member
U.S. Trade Deficit Vs. the world
Year Deficit in $Billions
1997 -108,310
1998 -165,009
1999 -263,394
2000 -378,272
2001 -362,729
2002 -421,180
2003 -494,814
2004 -617,583
2005 -723,616
2006 -817,976
2007 -900,000 (Projection)
2008
2009
2010
2011
2012 -1,500,000 (Conservative Projection)
2007 is extrapolated. That projection can be made to 2012 at $1.5 Trillion. This is may not be sustainable.
Year Deficit in $Billions
1997 -108,310
1998 -165,009
1999 -263,394
2000 -378,272
2001 -362,729
2002 -421,180
2003 -494,814
2004 -617,583
2005 -723,616
2006 -817,976
2007 -900,000 (Projection)
2008
2009
2010
2011
2012 -1,500,000 (Conservative Projection)
2007 is extrapolated. That projection can be made to 2012 at $1.5 Trillion. This is may not be sustainable.
Just keep in mind that it is a projection (estimate) and assumes many things will simply not change - and that's rarely true.
kmguru
Staff member
GNP= GDP + Net US income receipt = $13252.7 Billion in 2006
GDP = $13194.7 Billion
GDP = C + I + G + (X-M)
C is private consumption in the economy. This includes most personal expenditures of households such as food, rent, medical expenses and so on but does not include new housing.
C = $9224.5 Billion in 2006 and is the major component of GNP
G is the sum of government expenditures on final goods and services. It includes salaries of public servants, purchase of weapons for the military, and any investment expenditure by a government. It does not include any transfer payments, such as social security or unemployment benefits.
G = $2523 Billion in 2006
(Source: Federal Reserve)
So, if milk and drug prices go up, it adds to the GDP irrespective of whether you have a job or not. You have to spend by brrowing money from your grandpa while guest workers come here and take money home. If you buy all the products from China, that adds to our GDP....that is weird....
GDP = $13194.7 Billion
GDP = C + I + G + (X-M)
C is private consumption in the economy. This includes most personal expenditures of households such as food, rent, medical expenses and so on but does not include new housing.
C = $9224.5 Billion in 2006 and is the major component of GNP
G is the sum of government expenditures on final goods and services. It includes salaries of public servants, purchase of weapons for the military, and any investment expenditure by a government. It does not include any transfer payments, such as social security or unemployment benefits.
G = $2523 Billion in 2006
(Source: Federal Reserve)
So, if milk and drug prices go up, it adds to the GDP irrespective of whether you have a job or not. You have to spend by brrowing money from your grandpa while guest workers come here and take money home. If you buy all the products from China, that adds to our GDP....that is weird....
kmguru
Staff member
The doctor gave you two years to live, because you are dying of Cancer. So the doctor estimated wrong. You will live 26 months. Is not that great!
Are you married to Sandy aka Ann Coulter?
The doctor gave you two years to live, because you are dying of Cancer. So the doctor estimated wrong. You will live 26 months. Is not that great!
Are you married to Sandy aka Ann Coulter?
Married to neither - thank you very little.
The problem with any estimated projections is that conditions can, and usually do, change. As in your cancer estimate above, a new and better treatment may show up within 26 months, you may go into remission, etc...
As to the National Debt, the war in the Middle East may have wound down considerably by 2012 which, by it's self alone, would cut that estimate by billions. and there will likely be many unforeseen things happen over a five-year span. So don't take ANY of those projected numbers as solid - they are just guesses.
kmguru
Staff member
Married to neither - thank you very little.
The problem with any estimated projections is that conditions can, and usually do, change. As in your cancer estimate above, a new and better treatment may show up within 26 months, you may go into remission, etc...
As to the National Debt, the war in the Middle East may have wound down considerably by 2012 which, by it's self alone, would cut that estimate by billions. and there will likely be many unforeseen things happen over a five-year span. So don't take ANY of those projected numbers as solid - they are just guesses.
Of course they are. But without estimation, companies could not plan ahead. Stores could not stock products and so on. Based on the data since 1997, the excel spreadsheet plot is moving according to the predicted path (so far). Yes, things can change, there are variances but the plan has to take the historial data to make new decisions and not leave it to uncertainity.
I plotted the data since 1960 and let the curve fit in Excel do the job. Since 1997, it is basically following the curve...but next year definitely be different. I agree on that. How different, time will tell. Dont bet your house on having a half a trillion dollar surplus!
Of course they do! But they will always wind up making MANY adjustments to a 5-year plan. Things just aren't that neatly predictable because there are always going to be unforeseen developments.
And I simply cannot see ANYONE being foolish enough as to expect a huge surplus THAT soon.
So you did all these projections yourself, eh? Totally without using any government-supplied data on projects under development, changes in tax bases, or any other information at all? No wonder they look so screwy and horrible for the future. I'm sure I could fit some curves together in Excel that would prove that we've totally run out of oil already if I went back and used 1960 as a starting point.
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