Recession coming

[Tyrone Bigguns]

Actually, you would be wrong.

Under Clinton the defense budget ROSE as compared to Bush Sr.

No Ty. You do not agree with me, which is why you said I "would be wrong" and said the defense budget "ROSE" under Clinton.

I was never wrong once in this thread relating to my comments pertaining to defense spending.

As I pointed out, the defense budget was cut 18% from 1992-1999. However, you apparently think that means the defense budget rose.

No, you are misunderstanding...thru my poor communication. Maybe you missed my edit where i said..negative growth.

When i said "rose" i meant the spending decrease was less than before in comparison. Like if we were plotting it on a graph..from Bush (point a) to Clinton (point b) the line would be going up.

Like i said, my miscommunication.

LOL

You can spin it however you want, but I still think you just fucked up reading the graph. No biggie.

I may be forced into calling you a repub...you are bordering close to Rovian/Atwater tactics.

No spinning. I posted the graph..i clearly understand it. I'm at work..on the phone, writing at the same time.

Mea culpa on my poor communication, but to think i can't read a graph is laughable.

I would liken this fuck up to what i always said to my ex wife...we are going broke with savings..when she would show me what a "deal" were going to get.

Norm Crosbyish..but, you get the idea.

[Partial]

If Clinton is some super-president who did so well with all the is federal, why didn't he recognize the defense budget was too low and raise it up instead of cutting it lower?

Like I said, all he did is slow the rate of the change. It is slightly less negative under him. That doesn't mean that the graph doesn't dip far lower under him, though.

[Tyrone Bigguns]

If Clinton is some super-president who did so well with all the is federal, why didn't he recognize the defense budget was too low and raise it up instead of cutting it lower?

Like I said, all he did is slow the rate of the change. It is slightly less negative under him. That doesn't mean that the graph doesn't dip far lower under him, though.

again, what is your point?

You keep trying to link a terrorist attack to defense budget. Nobody, but you would ever do that. Stupid.

The attacks were an INTEL issue, not defense issue.

Again, i ask, why not ask that of bush sr. for the WTC attacks.

Finally, if the defense was hurt under clinton..how do you account for our spectacular success in both 'stan and Iraq..militarily speaking?

[Scott Campbell]

..........but to think i can't read a graph is laughable.

I doubt anyone believes you can't read a graph.

[Tyrone Bigguns]

..........but to think i can't read a graph is laughable.

I doubt anyone believes you can't read a graph.

Ty never loved math..cept for charts, graphs or geometry.

Ty even when taking mba class grew to love the symetry of accounting and basic finance. Ty loves talking about TVOM!

[The Leaper]

LOL

You can spin it however you want, but I still think you just fucked up reading the graph. No biggie.

I think Ty just got a big Johnson while talking about getting a fat condo in another thread...and the rush of blood away from the brain left him powerless.

[Tyrone Bigguns]

LOL

You can spin it however you want, but I still think you just fucked up reading the graph. No biggie.

I think Ty just got a big Johnson while talking about getting a fat condo in another thread...and the rush of blood away from the brain left him powerless.

I hate to say that i'm taking pleasure in the pain of others...but, i am. Screw the developers.

[Scott Campbell]

..........but to think i can't read a graph is laughable.

I doubt anyone believes you can't read a graph.

[MJZiggy]

Oh, screw it. Never mind.

[Tyrone Bigguns]

I am all for using dollars instead of credit. IMO, people should have to have 30% down to buy a house in equity and put at least 20% down in cash. If they screw up their lives and get foreclosed on, then they should have to suffer the consequences of their actions themselves.

Ah, more fun with partial. Do you even think before you post?

Hmm, let's say you graduate at have a starting salary of 40k. I know from your brilliant posts that you will be socking some of that away for retirement. I'll give you 10%. Now i don't live in Wisco, so i'm gonna say around at least 13k you aren't going to see..as you pay taxes, ss, wisco taxes, etc. That leaves you with 24k. Of course, i'm sure you'll want to live wity your parents after you get your new job. But, humor me and let's say you live with a roommate. Let's call it an even 6 bills for rent, cable, power, utilities..and i'm being kind. Let's add a modest 200 a month for food..that is all cooking in..no eating out. Let's call that 10k.

Now we are down to 14K. I'm sure that most college students don't have cars, but will need them upon graduation. So, let's just say 350 a month. Add in a modest 100 bucks a month insurance. Call it 5k.

You'll need gas for the car. Prices at the pump are high. Call it 200 a month. 2500k.

Down to 7500k.

Since you are fairly normal (being kind) i'm assuming you'll want to entertain the ladies or your special lady. We'll call that 100 bucks a month...gifts, dinners, movies, etc. And, she'll be looking at you like a tightwad.

BTW, i'm sure you'll want to buy some birthday and Xmas presents. We'll call that 500 for the year. You are a cheap guy, but people will understand as you need to save 40k.

Now at 5800. Hey, will you be needing any new clothes? Any suits or work apparel..or new jackets for the winter. How about 500 for the year.

5300.

You like taking vacations. So, let's call that 1000 for the year.

4300.

BTW, there are many things i haven't even accounted for...friends weddings, tux rentals, bachelor parties, cleaning supplies, DRINKING!, going to sporting events, ISP, computer, etc.

So, leaving your 4300 for the year...bam...9 years to get to 40k. Of course, you will get raises, but if you are like most normal people as you income increases so do your expenses.

So, let's cut it to 7 years. Of course, i'm giving you the bennie of not adjusting for inflation on the cost of the home, etc.

Exactly how long do you figure it will take you to save 40K for your 20% in cash on a 200k house?

And, how long will it take those who don't make 40k..let's say teachers. Let's day they wanna buy 150k house?

I'm sure you want to mandate that they don't have children before they buy that house as that will affect their savings rate.

Partial, you want to single handedly destroy the housing market.

[Scott Campbell]

Don't forget, Mad charges him $2500/year to subscribe to PackerRats.

[Partial]

20% down would require people to practice better money manangement. I am not all about the housing industry being a huge industry where the rich get richer. I am all about everyone learning to live within their means. That to me will have a chain reaction and people will get smarter with their careers and make more money, be better at investing it, etc, and we can get rid of this stupid social security plan and let everyone sink or swim on their own.

Realistically, when taking a look at kids my age, its kind of disgusting. Most of my friends are going to school on their parents dime yet they don't have any money of their own. Hell, some even have credit card debt. That's ridiculous. One of my friends who is good with managing his money has 40 grand in the bank, several acres of land that he bought up north, bought his own car, and is graduating from marquette without any debt on his own dime. I see no reason these kids who's parents pay for everything shouldn't have some big time cash sitting in the bank.

Partial is sitting at a few grand in the bank right now because he has been paying off the few student loans he had from the semesters he dinked around. Other than that, he is poised to do quite well financially this next year as he has about 6 grand in total expenses over the year with a pretty good amount of income. Partial will soon be seeking the advice of others on what is a fairly risk free investment for 5 grand.

[GBRulz]

Oh no, not another rat starting to talk in third person.

[The Leaper]

Leaper is gonna have to get Leaper some.

Wow. That IS refreshing.

[GBRulz]

I am all for using dollars instead of credit. IMO, people should have to have 30% down to buy a house in equity and put at least 20% down in cash. If they screw up their lives and get foreclosed on, then they should have to suffer the consequences of their actions themselves.

Partial, the problem with foreclosers is not because someone didn't put 20%down on their house, it's mostly because they live beyond their means. The banks handing money out like candy is part of the problem, too. When I bought my house 6 years ago, I was shocked at what the bank pre-qualified me for. Um, hello? I want to be able to live outside of paying for my mortgage. I also took in account that "what if" I lost my job? (I worked in telecommunications, I know better) I bought something in a nice neighborhood that I was comfortable in and could still afford even on a rainy day. I only put down 10% on my house.

Two months later, my company downsized and I lost my job. What if I put the 20 or 30% down like you insisted and then had no savings to fall back on?

The problem is two-fold. I partially blame the banks for overextending credit. I also blame people for not being disciplined enough. The combination of the two is why foreclosures are up. As a homeowner, it concerns me because MY home is the one dropping in value right now.