The random political thoughts thread (Part Deux) - Page 54

Motorboat Cruiser · 05-05-2006, 03:08 PM

I'm thinking that it might just be a good idea to revoke any license currently held by a Kennedy to operate a vehicle, be it car, plane, tricycle, whatever.

sleepyjeff · 05-05-2006, 09:12 PM

Quote:

Originally Posted by Motorboat Cruiser

I'm thinking that it might just be a good idea to revoke any license currently held by a Kennedy to operate a vehicle, be it car, plane, tricycle, whatever.

Don't forget skiis

Alex · 05-05-2006, 10:10 PM

That one needs to be extended to the Bonos as well.

scaeagles · 05-05-2006, 03:13 PM

You gotta know Father Ted is just wanting to run and hide.

I do hope the rehab does this guy some good. TO be honest, though, from what I've been reading and hearing, he may not be ready for rehab. The story has changed many times and I feel because of this he isn't being very honest about what's going on. It could be the natural reaction to hide what is embarrassing to you and your family.

Ghoulish Delight · 05-06-2006, 09:02 AM

Our economy is floating on a bs money. Outrageous debt from interest-only mortgages. The US is the only industrialized nation to have a negative savings rate (i.e., as a country we spend more than we earn). The average credit card debt is over $8000, and the percentage of that credit card debt that is food and other basic necessities is on the rise. And people like me, who actually save money and carry no debt, are punished by this economy. It's a recipe for disaster.

scaeagles · 05-06-2006, 11:52 AM

Quote:

Originally Posted by Ghoulish Delight

Outrageous debt from interest-only mortgages.

I look at interest only mortgages a bit differently. I do not have an interest only, but not a lot of what I pay monthly goes to principle.

If you live in a market with appreciating real estate values, it makes much more sense to have an interest only mortgage than to rent. Your real estate investment continues to grow regardless of whether you are paying down the principle, and you have massive tax benefits.

BarTopDancer · 05-06-2006, 12:28 PM

Quote:

Originally Posted by scaeagles

I look at interest only mortgages a bit differently. I do not have an interest only, but not a lot of what I pay monthly goes to principle.

If you live in a market with appreciating real estate values, it makes much more sense to have an interest only mortgage than to rent. Your real estate investment continues to grow regardless of whether you are paying down the principle, and you have massive tax benefits.

A big problem (at least here) is the people who took out interest only loans they could barely afford. Now the interest rates are going up and people are behind on their mortgages. Yes, it was their fault for buying a home they could barely afford but the untraditional methods banks are using to get people into homes are messing with the economey as well.

scaeagles · 05-06-2006, 04:21 PM

Quote:

Originally Posted by BarTopDancer

A big problem (at least here) is the people who took out interest only loans they could barely afford. Now the interest rates are going up and people are behind on their mortgages. Yes, it was their fault for buying a home they could barely afford but the untraditional methods banks are using to get people into homes are messing with the economey as well.

Shows you what I know - I didn't realize that interest only loans were adjustable, not fixed.

I also fault the banks, though. They shouldn't give an adjustable rate mortgage to people who can't handle the variances in rates. That's just poor business practice.

innerSpaceman · 05-06-2006, 09:48 AM

Yay, people like me who have no savings and owe tens of thousands are riding on the backs of the fools who won't particpate in our bs economy!!

Eh, the exchange of "money" is all an illusory practice anyway.

Gemini Cricket · 05-06-2006, 10:01 AM

Quote:

Originally Posted by innerSpaceman

no savings

I'm horrible with money and I'm about to give advice about it. Hold on to your hats, people.

Everytime I get a tax refund it goes automatically to savings and I don't use it unless an emergency arises. Often, I'll overpay my taxes by 20 bucks or so each month to insure a refund. Then when it goes in, Ralphie and I aren't allowed to touch it. If we must, we do... but we have to replace it over the course of a couple of paychecks.

Also, we do a sweep every month. At the end of the month, we see how much is left in checking. Even if it's a few bucks, we sweep it into the Savings of No Return. Then we live off of the paychecks for that month. Whatever is left at the end of the next month gets swept.

I also have a savings account in Hawai'i still. I can automatically send deposits to it over the internet. To get it out is quite an ordeal. They can only withdraw it for me with a cashier's check that takes a couple days to process and a week to be mailed to me. The ordeal deters me from using it. So, I send money there often. (I'm saving up for a DL trip and a large freshwater aquarium.)

My 2 cents...

05-05-2006, 03:08 PM	#1
Motorboat Cruiser Cruiser of Motorboats Join Date: Jan 2005 Location: So Cal Posts: 3,665	I'm thinking that it might just be a good idea to revoke any license currently held by a Kennedy to operate a vehicle, be it car, plane, tricycle, whatever.
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05-05-2006, 10:10 PM	#3
Alex . Join Date: Feb 2005 Posts: 13,354	That one needs to be extended to the Bonos as well.
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05-05-2006, 03:13 PM	#4
scaeagles I LIKE! Join Date: Jan 2005 Posts: 7,819	You gotta know Father Ted is just wanting to run and hide. I do hope the rehab does this guy some good. TO be honest, though, from what I've been reading and hearing, he may not be ready for rehab. The story has changed many times and I feel because of this he isn't being very honest about what's going on. It could be the natural reaction to hide what is embarrassing to you and your family. Last edited by scaeagles : 05-05-2006 at 03:22 PM.
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05-06-2006, 09:02 AM	#5
Ghoulish Delight I Floop the Pig Join Date: Jan 2005 Location: Alternative Swankstyle Posts: 19,348	Our economy is floating on a bs money. Outrageous debt from interest-only mortgages. The US is the only industrialized nation to have a negative savings rate (i.e., as a country we spend more than we earn). The average credit card debt is over $8000, and the percentage of that credit card debt that is food and other basic necessities is on the rise. And people like me, who actually save money and carry no debt, are punished by this economy. It's a recipe for disaster. __________________ 'He who receives an idea from me, receives instruction himself without lessening mine; as he who lights his taper at mine, receives light without darkening me.' -TJ
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05-06-2006, 09:48 AM	#9
innerSpaceman Kink of Swank Join Date: Jan 2005 Location: Inner Space Posts: 13,075	Yay, people like me who have no savings and owe tens of thousands are riding on the backs of the fools who won't particpate in our bs economy!! Eh, the exchange of "money" is all an illusory practice anyway.
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