Will a democrat controlled congress cause inflation? - Page 2 - Mercedes-Benz Forum

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post #11 of 70 (permalink) Old 11-07-2006, 02:37 PM
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Originally Posted by Teutone
The 8.5 Trillion National debt eventually will. It's mostly the Chinese and Saudis still willing to buy U.S. bonds.
Thing about debt is having a collector.

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post #12 of 70 (permalink) Old 11-07-2006, 02:39 PM
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How much is Alaska worth?

"If spending money you don't have is the height of stupidity, borrowing money to give it away is the height of insanity." -- anon
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post #13 of 70 (permalink) Old 11-07-2006, 02:40 PM
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Why should the Government decide how to spend my money?
I agree. I want a refund for the last six years for non-performance.

"If spending money you don't have is the height of stupidity, borrowing money to give it away is the height of insanity." -- anon
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post #14 of 70 (permalink) Old 11-07-2006, 02:40 PM
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How much is Alaska worth?
Is it worth sending a collection agent for it? Collection agent better have a health plan.
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post #15 of 70 (permalink) Old 11-07-2006, 03:23 PM
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If anyone would run a business the way the Goverment runs their affairs, he would be in jail for fraud.
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post #16 of 70 (permalink) Old 11-07-2006, 03:28 PM
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If anyone would run a business the way the Goverment runs their affairs, he would be in jail for fraud.
Yep. There would be 536 people in the dock.
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post #17 of 70 (permalink) Old 11-07-2006, 06:54 PM
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Originally Posted by jdc1244a
As to your question – the issue is more the opportunity for advancement and why adults in their 40s and 50s are working minimum wage jobs, that’s the true concern.
Because not everyone is smart and lucky and has a good job. Or some are just entering the job market due to spouse dieing or some have to take a second job or some lost their previous job and this is all they could find.

Some times in small towns [under 50,000] there are not high paying jobs and Walmart level jobs are just all there are in the area. It is worse if the only factory has pulled out due to NAFTA and the work went offshore.

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post #18 of 70 (permalink) Old 11-07-2006, 06:58 PM
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Originally Posted by That Guy
Your logic is good, but I disagree with your assumptions. Does anyone still work for minimum wage anymore? I have serious doubts about that. If there was a significant number of people who actually worked for minimum wage, then it would have inflationary effects. In the case of today though, I think inflation has already occurred and therefore no significant portion of the population still works for the minimum wage. Just a thought.

My personal view is that the minimum wage is poor policy. I disagree with it. I believe the market should dictate since we have enough other worker protections built into the system.
You need to get out more. In small towns across the countrypeople work for minimum wage AND LESS. Not just young kids at McDonalds but older folks also. Your sentence: "If there was a significant number of people who actually worked for minimum wage, then it would have inflationary effects." makes no sense. What are you trying to say with that?

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post #19 of 70 (permalink) Old 11-07-2006, 07:03 PM
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Originally Posted by mcbear
You need to get out more. In small towns across the countrypeople work for minimum wage AND LESS. Not just young kids at McDonalds but older folks also. Your sentence: "If there was a significant number of people who actually worked for minimum wage, then it would have inflationary effects." makes no sense. What are you trying to say with that?
Without a minimum wage people would be paid what their labor is worth. You know, like a free market.

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post #20 of 70 (permalink) Old 11-07-2006, 07:03 PM
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Originally Posted by BadBenz94
What I find so amusing about your statement is that I have alot of (clients) retired persons who have saved their whole lives to build a nice nest egg , live of the dividend breaks that you dont like and they fit your bill of middle class just fine. A 10% increase in taxes would do alot more harm to them than you think.

Why should the Government decide how to spend my money?
the government should only decide how to spend your fair share of taxes that provide things like roads and defense and the R&D for this internet thingie [a offshoot of the space program] and pay interest on debt [for the T-Notes of your clients nest eggs] for medicare, medicaid, and the other programs that your elected officials voted for and the DEBT run up by The Great Decider.

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