Comments on: U.S. creating mostly low-wage jobs

By: Beelzebub

Beelzebub — Wed, 18 Apr 2012 20:19:53 +0000

This is all you really need to know, folks.

FACT: The US Federal debt currently stands at $15.6T. 700% of current income.

FACT: Our current revenue stands at about $2.3T.

FACT: We are adding more than $1T each year to our gross Federal debtload.

Look at it this way. Let’s say you had a heart to heart with your friendly banker to whom you owe $700,000. You tell him that you have an income of $100,000 and you admit that you are adding $50,000 each year to your accumulated debtload. After catching his breath Mr. Banker’s first course of action would be to get on the horn and cancel all your credit cards and existing lines of credit.

You see, when the markets finally determine that the American tax base does not have the horsepower to slow down the deficit spending – let alone pay down the debt – it’s over. The bond markets dislocate. Just like you are starting to see in Europe. Look at the 10 year bond index in Spain. Watch closely and take copious notes.

By: queeg

queeg — Wed, 18 Apr 2012 13:36:04 +0000

Libs wanted Hawaii lite for California where tony spots cater to tourists and Nirvana movies are made for the great unwashed in the world to enjoy!!

No manufacturing….high tech being taxed to death….utilities chasing windmills…service jobs with deadend futures abound!!”

Libs love it….while a peanut butter sandwhich costs about as much as a service worker makes per hour in wages….

By: Beelzebub

Beelzebub — Wed, 18 Apr 2012 05:17:34 +0000

So what exactly are you saying, Chuck? That everything’s hunky dory? Please translate.

By: Chuck DeVore

Chuck DeVore — Wed, 18 Apr 2012 05:14:05 +0000

For instance, the U.S., with a large number of young immigrants and a higher birthrate, has a median age of 36.8 years. Belgium, at the bottom of the chart, with a more homogeneous population, less immigration, and a lower birthrate has a median age of 42.3 years. This is a huge difference statistically, John, and it would likely account for a correspondingly huge difference in wage level differences, i.e., less young people = less low wage people.

Bottom line, be very careful when accepting conclusions from a left wing group that advocates for more unionism and more government handouts.

By: Chuck DeVore

Chuck DeVore — Wed, 18 Apr 2012 05:04:53 +0000

John, the group you cited is a liberal group. Wage levels are also determined by average age, and other factors, such as pay at the higher levels.

By: Beelzebub

Beelzebub — Wed, 18 Apr 2012 04:14:19 +0000

George Carlin had the wisdom and insight of Job. In his little 3 minute monologue “American Dream” he said that our owners want us to be just smart enough to punch the cash registers and operate the machines – and just stupid enough not to understand how badly we’re getting screwed by the system. And he’s right! I bet 10% of the American population tops knows that the average working wage in America has been stagnant for over 10 years. 5% of them tops know that the Federal government is borrowing $0.40 of every dollar it spends to run the system. Maybe 5% understand that 90% of the nation’s wealth is owned by 10% of the people.

They’ve turned us into a nation of pizza delivers and Walmart register punchers. The Walmart register puncher sells the cheap chinese crap to the pizza deliverer by day – and the pizza deliverer shows up at the Walmart’s register puncher’s residence by night with a cheap $10 artery clogging pizza. That accounts for about 70% of our GDP.

They are pulling a fast one on the American people and they are getting away with it due to a high degree of intentional dumbed down stupidity. You think these public schools are producing defective and failed students because of incompetence? BS. It’s intentional. The system is designed to produce idiots. Idiots are easy to control. Give an idiot a six pack of beer and a big screen and he’s happy as a sow rolling in the mud. Why do you think they are saturating us with indigent illegals? Because they want to create society of brain surgeons and a new breed of intelligensia. Come on, folks. I don’t have to point out the obvious to you, do I? For Christ sakes – THINK!