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Spengler on Jihadis and whores
#21
Quote:The crack about $40K/yr as a 'subsistence' wage (I think that puts you somewhere toward the top 10% of humanity per the other thread here) was intended as parody. Keep in mind that with a small fraction of some notable exceptions (MS-13 for example), those folks aren't here to 'whore' ... they are here to work their asses off. I'm much less worried about our capacity to absorb hard working people than I am about the insane way that we avoid the matter of actually assimilating them as U.S. citizens. The odds of "moving up" are pretty nill without some formal mechanisms to become legitimate (ie have a SS number that hasn't been recycled).

Yep. This is the problem with Europe - they won't integrate their immigrants(because they don't believe their immigrants are actually immigrants - they're "guest-workers" or migrant workers to the European mind).

The Mexicans don't want to take over America and make it part of Mexico. They're trying to get away from Mexico. They want to become better than the people in Mexico. And once they do become better, you can bet the first thing they'll do is turn around and demand the borders be closed S6 Ultimately, that will be how illegal immigration is stopped - when there are more uprising middle-class Mexicans than poor immigrants.
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#22
Palladin Wrote:Man,I'd love for my son to get a subsistence wage job.

I Bullsh*t you not! Maybe Geraldo can 'afford' to poo poo that kind of salary ... for "cutting heads off cows" ... but after the Swift deal I looked at it. $14-15/hr ... throw in a good deal of overtime and you're pretty much there! It's crappy, nasty demanding work ... but it pays ... and apparently they are having difficulty enough filling the jobs that the packing houses have to hire from any available pool of workers ... and that 'pool' is empty enough to support a bunch of fish swimming northward. Again, compare these 'desperate' conditions to those in which it's an economic necessity to sell of your daughters to the brothels!

Hey this anti-pimping buisness is really catching on! ...

VICTOR HANSON .. just ignore the whoremongers!
DICK MORRIS & EILEEN Mc GANN .. quit financing the whoremongers!

I've been bitching about Russia and Shell over on the Gas Leverage thread. But now I'm starting to (re)think that companies that invest in places like Iran and Russia really deserve what they get. S6
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#23
Mr.Yak,

I understood your post.

Fit2BThaied Wrote:mv, I think you're onto something true. Oh, those bean counter CFO's don't think about it in those terms ("let's have fewer guards on the border"), but they know their job depends on increases in the rate of change of profit increases. 9% profit one year, 11.5% the next year, 14.5% the third year, etc. - and only an increase in market share or the market size can possibly do that. General Motors can't sell many Chevolets to Chinese peasants, but if Juan and Rosita get more skills, they can buy a new car.

Uhu. And the same goes for a very large number of products: Ketchup, Cigarettes, same Lettuce: increasing the market share is hard, but a guaranteed 1%-2% increase of market size may be a handy tool. Incidentally, these products will be bought but Juan and Rosita right away, and for *some* products market size increase will be disproportional.
Government is necessary because people left unchecked will do evil.

The government is composed of people left unchecked


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#24
mv Wrote:I understood your post.

Then why does it seem like you're complaining? Particularly when our pyramid is inverted? ... at least compared to Europe's. It's one thing to bitch about the cup being half empty ... it's another entirely when the damn thing is turned upside down! S6
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#25
Any growth built on the pyramid concept tends to end badly.

While the US has been very successful with managing pyramid schemes so far -- indeed much better than Europe -- the end is still the same.
Government is necessary because people left unchecked will do evil.

The government is composed of people left unchecked


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#26
I'm not sure what pyramids you folks are discussing, but mv has a good point that GROWTH for growth's sake is how senior executives meet their bonuses.

As for walking across the Tex-Mex border, my Christmas phone call to my Brownsville girls informed me that effective any day now, you will need a US PASSPORT to go to lunch or a dental appointment in Mexico now!! That's an incredible change to border life, and the flow was two-way, with Mexicans even attending school on the north side of the river, daily.

But Juan and Rosita keep coming to the USA, finding jobs, having a few kids who marry White kids and have very few grandchildren, who only speak English. We assimilate our aliens, more than Europe does. But on my last visit to Ireland, there were countless workers from eastern Europe working there.
I'm often wrong. But I'm not always wrong!
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#27
Fit2BThaied Wrote:I'm not sure what pyramids you folks are discussing, but mv has a good point that GROWTH for growth's sake is how senior executives meet their bonuses.

The biggest ponzi scheme going in this country is Social Security. And a shrinking number of workers supporting a growing number of checks. Lock box my arse! The bulk of that money was spent in the '60/70s.

There in lies the double edged sword of folks using bogus SS #s. While it's infuriating to have the IRS call you about the extra $40K you earned last year in a slaughterhouse in another state, Juan and Rosita got absolutely no choice when it comes to throwing cash at that FICA fellow ... Funny, you never hear anyone talk about how much of those types of (involuntary/mandatory) contributions are being used to prop up the 'pyramid'. The old adage about "death and taxes" needs to be updated to "death and FICA". Wink1
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#28
mr_yak Wrote:
Fit2BThaied Wrote:I'm not sure what pyramids you folks are discussing, but mv has a good point that GROWTH for growth's sake is how senior executives meet their bonuses.

The biggest ponzi scheme going in this country is Social Security. And a shrinking number of workers supporting a growing number of checks. Lock box my arse! The bulk of that money was spent in the '60/70s.

There in lies the double edged sword of folks using bogus SS #s. While it's infuriating to have the IRS call you about the extra $40K you earned last year in a slaughterhouse in another state, Juan and Rosita got absolutely no choice when it comes to throwing cash at that FICA fellow ... Funny, you never hear anyone talk about how much of those types of (involuntary/mandatory) contributions are being used to prop up the 'pyramid'. The old adage about "death and taxes" needs to be updated to "death and FICA". Wink1
It's funny that you should mention this, because it's seldom discussed even among those directly involved in the IRS audits. When Juan poses as Humberto Diaz, Mr. Diaz' social security earnings get a big boost, unless the IRS auditor and the keypuncher remember to decrease Mr. Diaz' earnings. Meanwhile, as you point out, Juan gets nothing, because he's still part of the underground economy. Actually, this helps to keep the SS trust fund afloat, as you point out. But I don't think it's a major factor.

The economists will tell you the trust fund is still locked up in a box that's stuffed with t-bonds and agency loans. They've been using FICA net inflows to publicly help to reduce each year's deficit. Only once in my lifetime that I know of, around 1999, did the federal treasury come close to balancing the budget if all SS pension funds were excluded.

The supply side worshippers will tell you that so long as the GDP keeps growing, it wouldn't matter if the national debt were 998 trillion dollars; we just keep issuing more t-bonds. I don't think so.

My daughter may have misspoken about needing a passport to travel just a few miles south of the border.
I'm often wrong. But I'm not always wrong!
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#29
Fit2BThaied Wrote:The supply side worshippers will tell you that so long as the GDP keeps growing, it wouldn't matter if the national debt were 998 trillion dollars; we just keep issuing more t-bonds. I don't think so.

My daughter may have misspoken about needing a passport to travel just a few miles south of the border.

Come on Fit', admit it: you don't know what Supply-Side Economics is, from Adam. Admit it.
___________________________________________________________________________________________________
All men are frauds. The only difference between them is that some admit it. I myself deny it.
H. L. Mencken
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#30
John L Wrote:
Fit2BThaied Wrote:The supply side worshippers will tell you that so long as the GDP keeps growing, it wouldn't matter if the national debt were 998 trillion dollars; we just keep issuing more t-bonds. I don't think so.

My daughter may have misspoken about needing a passport to travel just a few miles south of the border.

Come on Fit', admit it: you don't know what Supply-Side Economics is, from Adam. Admit it.
I admit, John, that I only know what you pointed me to, from links in this forum. If I didn't understand those links, I'm a dummy. But my comment above was based on what I understood your links to say.
I'm often wrong. But I'm not always wrong!
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#31
Fit2BThaied Wrote:
John L Wrote:
Fit2BThaied Wrote:The supply side worshippers will tell you that so long as the GDP keeps growing, it wouldn't matter if the national debt were 998 trillion dollars; we just keep issuing more t-bonds. I don't think so.

My daughter may have misspoken about needing a passport to travel just a few miles south of the border.

Come on Fit', admit it: you don't know what Supply-Side Economics is, from Adam. Admit it.
I admit, John, that I only know what you pointed me to, from links in this forum. If I didn't understand those links, I'm a dummy. But my comment above was based on what I understood your links to say.

Again, you are assuming that it is the other side, that is the problem. Done any introspection lately. Wink1
___________________________________________________________________________________________________
All men are frauds. The only difference between them is that some admit it. I myself deny it.
H. L. Mencken
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#32
John L Wrote:
Fit2BThaied Wrote:
John L Wrote:
Fit2BThaied Wrote:The supply side worshippers will tell you that so long as the GDP keeps growing, it wouldn't matter if the national debt were 998 trillion dollars; we just keep issuing more t-bonds. I don't think so.

My daughter may have misspoken about needing a passport to travel just a few miles south of the border.

Come on Fit', admit it: you don't know what Supply-Side Economics is, from Adam. Admit it.
I admit, John, that I only know what you pointed me to, from links in this forum. If I didn't understand those links, I'm a dummy. But my comment above was based on what I understood your links to say.

Again, you are assuming that it is the other side, that is the problem. Done any introspection lately. Wink1
Pardon me? Are you accusing me of accusing others again? I am assuming nothing. I admitted ignorance, as you requested. If you read me (which you're starting not to do), I said I was the dummy for not understanding your links. And, I said that I understood (or misunderstood).

If I recall correctly, in a previous topic when I expressed concern over the solvency of the SS fund, you pointed me to some links based upon percentage of GDP, and GDP always increasing, and the fund being financed by T-bonds, and we can always issue more T-bonds. Right?
I'm often wrong. But I'm not always wrong!
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#33
John L.,

Are you simply having fun ... or are you trying to dispute the fact that the Social Security "trust fund" is essentially a bunch of computer print out IOUs in a file cabinet somewhere in Maryland? Just curious.
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#34
mr_yak Wrote:John L.,

Are you simply having fun ... or are you trying to dispute the fact that the Social Security "trust fund" is essentially a bunch of computer print out IOUs in a file cabinet somewhere in Maryland? Just curious.

In answer to your two questions: I'm not sure; and no.
___________________________________________________________________________________________________
All men are frauds. The only difference between them is that some admit it. I myself deny it.
H. L. Mencken
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#35
John L Wrote:
mr_yak Wrote:John L.,

Are you simply having fun ... or are you trying to dispute the fact that the Social Security "trust fund" is essentially a bunch of computer print out IOUs in a file cabinet somewhere in Maryland? Just curious.

In answer to your two questions: I'm not sure; and no.

Well ... with that said ... do you really think it makes much difference whether or not the file cabinet has a 'lock' on it? S6
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#36
mr_yak Wrote:
John L Wrote:
mr_yak Wrote:John L.,

Are you simply having fun ... or are you trying to dispute the fact that the Social Security "trust fund" is essentially a bunch of computer print out IOUs in a file cabinet somewhere in Maryland? Just curious.

In answer to your two questions: I'm not sure; and no.

Well ... with that said ... do you really think it makes much difference whether or not the file cabinet has a 'lock' on it? S6

Probably. Wink1
___________________________________________________________________________________________________
All men are frauds. The only difference between them is that some admit it. I myself deny it.
H. L. Mencken
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