the "new normal" in the US

[Christ_empowered]

I just read a brief article on the "economic recovery." Seems like...there's going to be a "new normal" here in the US. The article recommended social policies that make life better for more people (I'm thinking that means more of a safety net).

I don't know much about the economy, but...what's the new normal going to look like? Lower wages? Less job stability? Less upward mobility for the younger generations?

 

[jasonc]

I just read a brief article on the "economic recovery." Seems like...there's going to be a "new normal" here in the US. The article recommended social policies that make life better for more people (I'm thinking that means more of a safety net).

I don't know much about the economy, but...what's the new normal going to look like? Lower wages? Less job stability? Less upward mobility for the younger generations?

lower income, less upward mobility. social security shall not be around unless fixed less then twenty years from now. it will be unable to meet all the obligations. medicare has less then a decade.

 

[Christ_empowered]

how depressing. I hope we do get a more socialistic gov't out of this mess. I mean, if we're all gonna be un or under-employed and making less money, the least the gov't can do is make it more bearable.

 

[iLOVE]

Our kingdom is not of this world. No matter what man says and how things may change, we only say and agree with the word of God. This is why I thank Lord Jesus Christ that His work is finished and done and I only stand on the word of God. Nothing is impossible for God to do. I choose to trust Gods timing knowing He is faithful. Remember the Gospel of Christ to the natural mind is not reasonable.

 

[JoJoe]

IMHO, things are going to get worse before it gets better. Worse being our earthly way of living and better being when Jesus takes us into himself to be with God for eternity. I am ready to accept any outcome in this life and have no fear of it.

 

[th1b.taylor]

I just read a brief article on the "economic recovery." Seems like...there's going to be a "new normal" here in the US. The article recommended social policies that make life better for more people (I'm thinking that means more of a safety net).

I don't know much about the economy, but...what's the new normal going to look like? Lower wages? Less job stability? Less upward mobility for the younger generations?

That is the normal the Progressive Dems are pushing us into. It looks exactly like Russia when it was the USSR. The best illustration of their perfect society is found in the study of Carl Marx. The problem with this society is people and will never work.

 

[Michael74]

Divers weights, and divers measures, both of them are alike abomination to the LORD. Proverbs 20:10 KJV

Bankers will not heed the Scripture, and give us consistent weights and measures. Thus the economy is slowly turning into a banana republic.

 

[jasonc]

how depressing. I hope we do get a more socialistic gov't out of this mess. I mean, if we're all gonna be un or under-employed and making less money, the least the gov't can do is make it more bearable.

Why? We can't pay for military retirees.next few months I will see a change in my government pension.can't pay less then 10 percent.I don't see them doing any better

 

[Michael74]

Banana republics can only afford banana republic militaries. We have fewer planes and ships each year.

 

[Christ_empowered]

actually...one reason this is happening is because of expen$ive wars. Nothin against the military, but I read somewhere that this happens when empires collapse...way too much effort+money is spent on military stuff, there's corruption, problems in the economy, social problems, moral decay, and then...

...end of empire.

 

[jasonc]

actually...one reason this is happening is because of expen$ive wars. Nothin against the military, but I read somewhere that this happens when empires collapse...way too much effort+money is spent on military stuff, there's corruption, problems in the economy, social problems, moral decay, and then...

...end of empire.

actually as is a bigger debt.it's an iou.there's no trust.just iou.

 

[Michael74]

When the US produced half of global GDP, we could afford to spend as much on our military as the rest of the world put together. Now that bankers have moved us into 2nd place behind China, China is the one with additional planes and ships each year.

 

[jasonc]

When the US produced half of global GDP, we could afford to spend as much on our military as the rest of the world put together. Now that bankers have moved us into 2nd place behind China, China is the one with additional planes and ships each year.

Clinton signed that but we spend more on the did now then the 80s.waste is a problem with the dod.

 

[Michael74]

Military inflation is the #1 problem. Tank and plane inflation is in the stratosphere. The bank is removing purchasing power from the military budget. Military items are not tracked by the CPI.

State and local budgets are similarly being affected, as the bank confiscates purchasing power from their revenue. State and local pension plans are in a real situation.

 

[Christ_empowered]

www.paulcraigroberts.org

tell me what y'all think...

 

[Michael74]

Paul Craig Roberts is right that the economy is a basket case. Divers weights and measures have misallocated our economy, and we are going backward. Capitalism relies on price to allocate capital to its most efficient use. By manipulating prices, the bank is moving capital into Keynesian pyramids, which don't produce anything useful. If this goes on long enough, the US will become a banana republic.

 

[jasonc]

Military inflation is the #1 problem. Tank and plane inflation is in the stratosphere. The bank is removing purchasing power from the military budget. Military items are not tracked by the CPI.

State and local budgets are similarly being affected, as the bank confiscates purchasing power from their revenue. State and local pension plans are in a real situation.

Yes site for free you get 50 to 75 percent of your base pay for your retirement.55 year old retires dies at 100.unsastainable nyc you start collecting at 20 years.if I left at 38.do the math.the government doesn't have to fund a retirement just make a promise to pay when the time comes
some pensions I don't mind but reality is most of them are unsustainable

 

[Michael74]

They are moving toward 401k type plans. That way the bank can slowly confiscate the 401ks, and employers don't have to worry about how the hapless retirees will put food on the table.

With regular pensions, the city puts money in a pension plan, and the bank slowly confiscates the pension fund. Then the city has no way to pay promised pensions.

 

[jasonc]

They are moving toward 401k type plans. That way the bank can slowly confiscate the 401ks, and employers don't have to worry about how the hapless retirees will put food on the table.

With regular pensions, the city puts money in a pension plan, and the bank slowly confiscates the pension fund. Then the city has no way to pay promised pensions.

No that doesn't work like that.the money is placed into a trust which invests it.sometimes like the florIda retirement system it's funded at 80 percent or higher
my plan is at way less then that
Stocks are what funds pensions can the average worker save half his income and expect it back from a savings plan.stocks don't do that well.if I leave today at 65 I would get 500 a month. In two years I will have taken out what I pUT in.in the first what any worker has put in is gone when collect.so Its a promise That shouldn't be made.less then 5 percent of my checks goes toward that.in 30 years I will have enough for 50 of my pay yearly till death?it's not enough when the finance director tells his daughter don't take the pension plan you will save your or invest it better then they can.he is right.FYI I receive a trust.it's collect interest from stocks.banks my do that but it's in a different fund.I get yearly reports of its gains and losses
totally different creature .pension plans have managers that work for the government or company.they aren't bankers

 

[jasonc]

Www.investopedia.Com defines pensions pretty much as I said.