From HousingWire:
Hillary Clinton unveils sweeping economic agenda, including major housing reforms
With the 2016 presidential election inching closer at a seemingly glacial pace, one issue that many of the main candidates have neglected to address is housing and its impact on the country’s economy.
Several now-former candidates for President spoke at last year’s New Hampshire Housing Summit hosted by the J. Ronald Terwilliger Foundation for Housing America’s Families and the Bipartisan Policy Center, but housing doesn’t often get mentioned in the stump speeches of Donald Trump, Ted Cruz, Marco Rubio, Bernie Sanders or Hillary Clinton.
But it appears that is about to change as Clinton, the Democratic hopeful and former Secretary of State, recently announced a sweeping economic agenda that includes some major housing reforms.
…
Part of Clinton’s $125 billion program is a $25 billion housing investment program that aims to “lift more families into sustainable homeownership,” by offering down payment assistance, increasing housing counseling programs, expanding beyond traditional credit scores, building more affordable rental housing, clarifying lending rules and other changes.Clinton’s campaign states that the $25 billion housing investment program targets the blight that is still dragging down many communities, addresses “skyrocketing” rents that are impacting the country’s working families, and the “barriers” that prevent many families from becoming homeowners.
“Homeownership is about more than just owning a home. It is about putting roots down in a community with better schools, safer streets and good jobs,” Clinton’s campaign states.
“And it is about building wealth, as homeowners build equity in their home one mortgage payment at a time,” Clinton’s campaign continues. “But this opportunity is increasingly out of reach for too many families, particularly families of color.”
…
Clinton’s plan also addresses the “skyrocketing rise of rental costs in areas of opportunity.”According to Clinton’s campaign, nearly half of all renters between age 25 and 34 pay 30% or more of their monthly income on rent, and one-fourth pay over half of their income on rent.
“High rents not only weigh heavily on the pocketbooks of these families but often displace entire communities in the face of local growth,” Clinton’s campaign states. “There is simply not enough affordable rental housing in many parts of the country to keep up with new demand, driving prices in these areas to a level that is unaffordable for large segments of the population.”
Clinton’s plan will tackle these issues by “increasing incentives for new affordable rental housing development and easing the local barriers to building affordable housing in areas of economic opportunity.”
Good Morning New Jersey
Gubmint housing ‘assistance’ programs: one of the biggest soak-the-poor swindles of all time.
Didn’t Bernie say free housing?
http://www.rollingstone.com/tv/news/nathan-barksdale-baltimore-drug-kingpin-wire-inspiration-dead-at-54-20160216
The majority of this group does it to themselves by refusing to work hard and patiently put in the time to get ahead. Instead they want fast easy money, which never ends well. Their main problem is that they refuse to participate in the single biggest factor in building wealth, creating a family. Until you man up and take on the roll of creating families, there is no is hope for a mentality that calls their kids mother “baby momma”. Education is key, Clinton. You can take the horse to the river, but you can’t force it to drink.
“And it is about building wealth, as homeowners build equity in their home one mortgage payment at a time,” Clinton’s campaign continues. “But this opportunity is increasingly out of reach for too many families, particularly families of color.”
Honestly, this state needs 15 dollar wage. It’s a high cost state. Get these people off the support of the taxpayer and let them be supported by the private sector, the way it should be. Govt should not have to step in and support them. The welfare artificially holds down wages. These people wouldn’t work for these wages if welfare didn’t subsidize the rest of the cost of surviving.
Don’t tell me it’s a job killer, because the tax burden of supporting these low cost workers is a much much bigger job killer.
“As usual, the governor is trying to pit New Jerseyans against each other. But that’s a cold-blooded, calculated tactic designed to hide the fact that no one has been stingier to working families and more generous to the wealthy and corporate interests than Gov. Christie.
“The governor attacked the minimum wage proposal in the beginning of his speech, but by the end of his remarks, he called for increased taxpayer funds for much-needed programs that support struggling seniors, homeowners and the most vulnerable. Why not support a living wage, so that fewer New Jerseyans are in need of taxpayer assistance, rather than cater to businesses that fail to pay their employees enough to sustain their families? Under the governor’s watch, the number of New Jerseyans living below the federal poverty line has increased 18 percent, and the state’s median annual household income has declined more than $10,000.”
6- maybe the answer is to lower the welfare benefits. Force these people to demand higher wages on their own. Either way, something has to be done. It’s not right to put the burden on middle class workers, which is the case right now.
Of course redlining had nothing to do with making sure the poor stayed poor especially by denying them the ability to create wealth through homeownership, which paid for a lot of white folk college educations and status upgrades. Nor did Clinton and the republicans’ “welfare reform”, which tripled the number of people living in extreme poverty have anything to do with destabilizing poor families. Nor did prison reform which throws 1/3 of all black men in jail, mostly for crimes whites and people with any kind of resources get out of on a routine basis, contribute.
We could also discuss the use of poor people as cash cows, as they do in Ferguson, by fining them for every single infraction and then adding fees when they can’t pay on time, or throwing them in jail, as another way to keep the poor, poor. I’m sure you never speed, or cross against a light?
It is fun watching the democrats finally get their Azzes handed to them for acting like republicans for decades. It’s also fun watching morons continue to pretend that poor people are just lazy and deserve their lot in life while ignoring some basic and obvious facts about their true situation.
I’m sure you’d agree with Clinton when she called poor women on welfare, deadbeats. And I trust you don’t ever claim the home mortgage and property tax deductions on your taxes. Or the lower capital gains rate, or any depreciation on your business assets, especially those that don’t actually depreciate, like real estate. You wouldn’t be a hypocrite, right?
“The majority of this group does it to themselves by refusing to work hard and patiently put in the time to get ahead. Instead they want fast easy money, which never ends well. Their main problem is that they refuse to participate in the single biggest factor in building wealth, creating a family. Until you man up and take on the roll of creating families, there is no is hope for a mentality that calls their kids mother “baby momma”. Education is key, Clinton. You can take the horse to the river, but you can’t force it to drink.”
Family structure has nothing to do with it? Motivation to work hard has nothing to do with it? We make way too many excuses for the poor and esp people of color. If ben carson can be running for the president of the united states, enough with the bs. How come he did so well for himself? Could it be that he worked hard and got an education? How come his skin color didn’t hold him back?
Not saying this applies across the board, but most African Americans I have worked with have this entitled attitude in the work place. Always bi!ching and complaining, instead of getting the job done. I’ll be clear, it’s not all, but the majority I have worked with carry this attitude which is a cancer to the work place. No one wants to hear it, just do your job.
Yes, the pumpkin is getting older and seeing the world through different eyes. Everyone is given a chance at an education. For some the road is much harder, but that’s life. Pick up your big boy pants and start working hard for what you want. NO ONE CAN HOLD YOU BACK FROM WORKING HARD AND GETTING EDUCATED. NO ONE.
Pumpkin is getting older, turning 36 next week. Starting to see the world through different eyes….more experienced eyes.
“It is fun watching the democrats finally get their Azzes handed to them for acting like republicans for decades. It’s also fun watching morons continue to pretend that poor people are just lazy and deserve their lot in life while ignoring some basic and obvious facts about their true situation.”
Hey Ottoman,
The guy in the White House is a black guy.
Any questions?
“The guy in the White House is a black guy.”
Really?
Pumpkin is getting older….yikes, wait till you go through another 20 years like me..and some others here…
Before you know it, you’ll be buying a walk-in bathtub and filling it with gold.
Of course redlining had nothing to do with making sure the poor stayed poor especially by denying them the ability to create wealth through homeownership…/I>
Who the f.uck is denying anyone from creating wealth? When do the excuses stop? Here’s an idea, get a job, work hard. Then, get a better job, work hard some more. Build a resume, even if you stack boxes for a living. Every other ethnic background comes this country and works their balls off. That includes the Mexican guy biking to work in a rain storm and the Indian guy working 16 hours behind a counter or pumping gas. And as much as I hate to admit it, the Muslims seem to be transforming Main Avenue, Paterson into a thriving community. Cry me a river. There’s a certain group that likes to lay blame on everything else for their poor decisions.
Italics off
Reparations will solve everything (not).
8, Correct, redlining had nothing to do with it. To the extent it happened, it probably saved people with poor credit from going into debt on really bad real estate purchases, on average, in imploding inner cities.
If the left really wanted to uplift the unfortunate population, they’d be moving to destroy the great state plantation of welfare programs called “the Great Society” which has bred a culture of government dependence, and they would be trashing the cultural garbage put out by the music industry, and instead trying to uplift by instilling self-confidence via personal responsibility and virtue.
“If the left really wanted to uplift the unfortunate population, they’d be moving to destroy the great state plantation of welfare programs called “the Great Society” which has bred a culture of government dependence”
They would lose their most sheepish voting block though. Nice to see Bernie making some inroads with the brothers and sisters in the south. Even the ghetto crumb collectors realize that free cell phones and WIC is not a path out of Vailsburg.
Never thought I would say this, but fast eddie is dead on. Enough with the excuses, actions speak louder than words.
Fast Eddie says:
February 17, 2016 at 8:54 am
Of course redlining had nothing to do with making sure the poor stayed poor especially by denying them the ability to create wealth through homeownership…/I>
Who the f.uck is denying anyone from creating wealth? When do the excuses stop? Here’s an idea, get a job, work hard. Then, get a better job, work hard some more. Build a resume, even if you stack boxes for a living. Every other ethnic background comes this country and works their balls off. That includes the Mexican guy biking to work in a rain storm and the Indian guy working 16 hours behind a counter or pumping gas. And as much as I hate to admit it, the Muslims seem to be transforming Main Avenue, Paterson into a thriving community. Cry me a river. There’s a certain group that likes to lay blame on everything else for their poor decisions.
Footstool [8];
You’ve got the cause and effect backwards. See Reynold’s Law:
I was thinking about the pension issue, and it might be messed up, but they need to just raise the age and get it over with. It’s the easiest way to solve the problem.
What about the unfunded medical coverage guarantees in retirement. The shortfall there is even larger than the pension shortfalls.
Apple vs FBI.. Interesting. Funny, the FBI never asked to crack the security on the phones used by banking executives that have had encryption for much longer than the general public had access to….
https://www.washingtonpost.com/world/national-security/us-wants-apple-to-help-unlock-iphone-used-by-san-bernardino-shooter/2016/02/16/69b903ee-d4d9-11e5-9823-02b905009f99_story.html?wpisrc=nl_rainbow
21 Easy for you. Try taking the high road for a change. Do what is right, not what is “easy.”
Easy is for whimps…
[23] Reddington
Apple should unlock the phone in-house and give the FBI all of the data. That way they leave their encryption techniques in place.
Welfare started out with noble intentions but like so many other govt programs was ripe for abuse. I would venture to say that 30% of the people on welfare actually use it/need as originally intended.
26.
Why, then they could just buy these..
http://www.cmlvn.com/Web/encryptedMobiphoneNokia6600.htm
26 Welfare would have worked fine if it had a throttle.
It has no throttle. Have 10 kids, get 10 checks.
There were ways to deal with that, but you have a large segment of the population, red in color, that are against things like birth control, etc.
Can’t have your cake and eat it too..
22
Simple. Same old goats never put enough money in to pay for their own medical care, same as every old goat on Medicare…
22. Simple. Same old goats never put enough money in to pay for their own medical care, same as every old goat on Medicare…
Medicare is social ism based. Funny how old goats are against social ism, except when it benefits them the most.
Same old goats want young people to continue paying into the system to keep it floating for themselves, yet wish to deny the same benefits for those young people supporting them.
It’s a ponzi scheme, with the old goats cashing out first.
9-
Right on.
RR…yup.
Pumpkin sounding an awful lot like Trumpkin.
#30…not that your position is not accurate, but was same position we all had 20-25 years ago, so, in 25 years, after you continue to pay into the system (where you really have no choice)..don’t be surprised that some 25-35 year old wants to cut you off….and blame you too.
34.
Let’s just stick with accuracy and truth.
It is still social ism. Taking money from one to pay to another.
They are not “cut off.”
They had years to pay.
They have the money from the housing they profited on.
They can use that instead. Maybe they did not work hard enough after all….
Wow, only through post number 8 and there are some real gems today……
“We could also discuss the use of poor people as cash cows…”
Darn, you figured the billionaire boys club out. We became wealthy by stealing it from the poor because…that’s where all the money is!! (LOL)
“Of course redlining had nothing to do with making sure the poor stayed poor…”
Fact, the default rate for mortgages at 5th Avenue and 131 St is at least ten times the default rate at 5th Avenue and 64 St. So what do you want? Market rate loans uptown or solvent banks? Can’t have both…….
“there is no is hope for a mentality that calls their kids mother “baby momma”.”
We should adopt one of China’s former pro-growth policies. Forced abortions. If you can’t qualify to support a child you shouldn’t be allowed to birth one. Birthing is not a inherent right. Instead, it is a violation of a newborn’s civil rights to allow them into a household where they are destined for poverty, no education, and crime. If you want to be leftish or pro-life on this issue don’t abort, just take the child away at birth for adoption.
36 In their defense, they were also ripped off by the system and other white collar criminals.
Problem is, no one is held accountable any more except low level drug dealers and child support deadbeats.
Fines don’t affect these types, yet that is the only penalty they get. Jail time should be mandatory, on a sliding scale, 1 year for every 10k stolen….
You are right. They were contractually given something, and it must be paid. We can’t live in a society where contracts mean nothing because times became “tough”. I def am a man of honor, and would never agree with erasing a contract.
Raymond Reddington formerly Phoenix says: says:
February 17, 2016 at 10:06 am
21 Easy for you. Try taking the high road for a change. Do what is right, not what is “easy.”
Easy is for whimps…
Tim Cook to GITMO!
#35..not sure who “they” are…are you not “they”? I was crushed in the housing market in the 1980’s, bore down and paid off the $60,000 that was owed on my mortgage after my $140k condo sold for $80k…my company was purchased and my alleged pension was terminated…paid into all the mandated social programs for 35 plus years…paid for my own college and find I have to pay for my kid’s at inflated prices….just having a picnic so far…
In principle, I agree that contracts should be honored. But these contracts were truly bullsh1t. You have this giant and powerful educators’ union paying top dollar for political favors such as insane retirement benefits such as Cadillac health plans for life for worker and spouse, which is unheard of for the rank and file in the private sector. Or pensions with guarantees that are mathematically impossible. If they were able to bargain fairly, these contracts would never have been made. But they simply can not. The endorsement of the union is so great. Plus it’s easy for a politician to guarantee benefits that are super-sized when that politician is no longer in office when the promises are to be paid. This is what the union likes to call collective bargaining, which is why public sector unions must be handled differently than private sector unions. This is the reason the butchers’ union is not compensated like the average public sector worker. So that public sector contract is really a crock.
My son whines about all this too…..I tell him you have two choices, whine about it all, or accept this as your environment and kick ass and make enough money, etc that you are in that group that is above this fray….I have buds who whined back in mid 80’s,,One World Government, Welfare, Angry white man…..nothing has changed since 1985…much will be same in 2045…
I agree with this on this issue. I’m not going to complain about a govt worker getting health benefits in retirement when people get free heath benefits through medicare. Can’t keep punishing the worker.
Raymond Reddington formerly Phoenix says: says:
February 17, 2016 at 10:22 am
22
Simple. Same old goats never put enough money in to pay for their own medical care, same as every old goat on Medicare…
I wish white privilege were a real thing. I could use some once in a while.
Lib, I know what you are saying. But a contract is a contract. All of this information was public knowledge for decades. People had all the chances in the world to do something about it, but chose not to. That’s why it’s kind of hypocritical for taxpayers to be bashing govt workers only when the economy went bad for them. Too many people only worry about themselves. They were lazy and didn’t want to participate in their govt, but now are crying when the bill comes due?
Libturd feeling the Berning Cankles says:
February 17, 2016 at 11:25 am
In principle, I agree that contracts should be honored. But these contracts were truly bullsh1t. You have this giant and powerful educators’ union paying top dollar for political favors such as insane retirement benefits such as Cadillac health plans for life for worker and spouse, which is unheard of for the rank and file in the private sector. Or pensions with guarantees that are mathematically impossible. If they were able to bargain fairly, these contracts would never have been made. But they simply can not. The endorsement of the union is so great. Plus it’s easy for a politician to guarantee benefits that are super-sized when that politician is no longer in office when the promises are to be paid. This is what the union likes to call collective bargaining, which is why public sector unions must be handled differently than private sector unions. This is the reason the butchers’ union is not compensated like the average public sector worker. So that public sector contract is really a crock.
D-FENS [44];
I wish white privilege were a real thing. I could use some once in a while.
Here’s the facts:
Yup, I will be taking the torch from you guys. Training in progress. Lol
1987 Condo says:
February 17, 2016 at 8:46 am
Pumpkin is getting older….yikes, wait till you go through another 20 years like me..and some others here…
“Whatevah, I do what I want”
https://www.youtube.com/watch?v=lZLVi4v7lSM
Great advice. Dead on.
1987 Condo says:
February 17, 2016 at 11:30 am
My son whines about all this too…..I tell him you have two choices, whine about it all, or accept this as your environment and kick ass and make enough money, etc that you are in that group that is above this fray….I have buds who whined back in mid 80′s,,One World Government, Welfare, Angry white man…..nothing has changed since 1985…much will be same in 2045…
Right here is the answer to most social problems. Not throwing money at the problems, just solve this issue. Then you will realize racism is just excuses and noise.
Anon E. Møøse, Who never bit anyone’s sister says:
February 17, 2016 at 12:00 pm
D-FENS [44];
I wish white privilege were a real thing. I could use some once in a while.
Here’s the facts:
If you are raised by a father and mother, you enter adulthood with more privileges than anyone else in American society, irrespective of race, ethnicity, or sex. That’s why the poverty rate among two-parent black families is only 7 percent.
Compare that with a 22 percent poverty rate among whites in single-parent homes. Obviously the two-parent home is the decisive “privilege.”
According to E. FINANCIAL STATUS OF THE HI TRUST FUND
1. 10-Year Actuarial Estimates (2015-2024)
Expenditures from the HI trust fund have exceeded income each year
since 2008, with the fund deficit amounting to $8.1 billion in 2014. As
a result of recently enacted legislation and the assumed continuation
of the economic recovery, the Trustees project that HI income (which
includes payments from the general fund) will exceed expenditures by
about $2 billion in 2015 and that trust fund surpluses will continue
for the next 8 years. Deficits are projected to return beginning in 2024
and to persist for the remainder of the projection period. Beginning in
2024, payment of expenditures in full and on time will continue to
require redemption of trust fund assets until the trust fund’s
depletion in 2030.
Table II.E1 presents the projected operations of the HI trust fund
under the intermediate assumptions for the next decade. At the
beginning of 2015, HI assets represented 72 percent of annual
expenditures. This ratio has declined from 150 percent since 2007.
The Board has recommended an asset level at least equal to annual
expenditures, to serve as an adequate contingency reserve in the
event of adverse economic or other conditions.
The Trustees apply an explicit test of short-range financial adequacy,
described in section III.B2 of this report. Based on the 10-year
projection shown in table II.E1, the HI trust fund does not meet this
test because estimated assets are below 100 percent of annual
expenditures and are not projected to attain this level under the
intermediate assumptions. This outlook indicates the need for prompt
legislative action to achieve financial adequacy for the HI trust fund
throughout the short-range period.
E. FINANCIAL STATUS OF THE HI TRUST FUND
1. 10-Year Actuarial Estimates (2015-2024)
Expenditures from the HI trust fund have exceeded income each year
since 2008, with the fund deficit amounting to $8.1 billion in 2014. As
a result of recently enacted legislation and the assumed continuation
of the economic recovery, the Trustees project that HI income (which
includes payments from the general fund) will exceed expenditures by
about $2 billion in 2015 and that trust fund surpluses will continue
for the next 8 years. Deficits are projected to return beginning in 2024
and to persist for the remainder of the projection period. Beginning in
2024, payment of expenditures in full and on time will continue to
require redemption of trust fund assets until the trust fund’s
depletion in 2030.
Table II.E1 presents the projected operations of the HI trust fund
under the intermediate assumptions for the next decade. At the
beginning of 2015, HI assets represented 72 percent of annual
expenditures. This ratio has declined from 150 percent since 2007.
The Board has recommended an asset level at least equal to annual
expenditures, to serve as an adequate contingency reserve in the
event of adverse economic or other conditions.
The Trustees apply an explicit test of short-range financial adequacy,
described in section III.B2 of this report. Based on the 10-year
projection shown in table II.E1, the HI trust fund does not meet this
test because estimated assets are below 100 percent of annual
expenditures and are not projected to attain this level under the
intermediate assumptions. This outlook indicates the need for prompt
legislative action to achieve financial adequacy for the HI trust fund
throughout the short-range period.
https://www.cms.gov/Research-Statistics-Data-and-Systems/Statistics-Trends-and-Reports/ReportsTrustFunds/Downloads/TR2015.pdf
[42] 1987
You got it right, kick a$$ and get above the fray!!!
You have just as many clowns whining at the top as you do at the bottom …all about entitlements
“People had all the chances in the world to do something about it, but chose not to.”
What choice? We didn’t have one! We still don’t have one. Look what happens when you vote a self-proclaimed pension reformer into one of the most powerful governorships in the nation. Even he could barely change a thing. All of our politicians are OWNed. In the case of NJ, the state assembly is owned by the teachers’ union. Hence, completing the cycle of retarded life.
“Beginning in
2024, payment of expenditures in full and on time will continue to
require redemption of trust fund assets until the trust fund’s
depletion in 2030.”
Just like SS,Medicare Trust Fund will never reach depletion. Congress will adjust the Taxes paid so that it will receive surplus. Contribution coming in will be more than to cover retirees.
In a Deficit,Congress needs to budget for the shortfall. Their only obligation on this debt.
After adjusting, the surplus will be invested to the Trust Fund’s bonds called Special Issues. The Surplus is borrowed and spent by the Government. The amount owed will never be paid,because their only obligation is to cover the deficit and will adjust when they need to start covering the shortfall.
The Trust Funds is the biggest money maker for the Fed. The debt will never be paid but on paper there is Trillions of dollars.
And we argue about how the Seniors did not pay enough to cover their old age?
“A Morris County anesthesiologist was arrested on Valentine’s Day in an apparent “ski rage incident” involving a 12-year-old boy at Mountain Creek, police said.
Samuel G. Caruthers, 44, of Mountain Lakes, punched the boy in the mouth and struck him with the end of a ski pole during the assault at the ski resort on Sunday afternoon during a “ski rage incident,” Vernon police Lt. Keith Kimkowski said in a news release.
The boy was visibly injured when police arrived at the scene, he said.
Caruthers was skiing with his own child when the 12-year-old boy fell into them, prompting the assault, Kimkowski said. He currently faces charges of second-degree aggravated assault and third-degree endangering the welfare of a child.”
http://www.nj.com/sussex-county/index.ssf/2016/02/man_charged_in_ski_rage_attack_on_12-year-old_cops.html#incart_most-read_
This is why I don’t ski south of Plattekill.
The thing I think you are missing is that a lot of people actually support the teachers. Christie def turned a lot of people into teacher haters, but in general, the people of nj respect teachers and value the education they bring. If everyone was against them, doesn’t matter if the state govt was controlled by their union, the people will make so much noise that they will have no choice but to do what they want. Look at all these bad cops the past 2 years in the national headlines, they were originally keeping their jobs, but people made noise, and they were fired.
Libturd feeling the Berning Cankles says:
February 17, 2016 at 12:33 pm
“People had all the chances in the world to do something about it, but chose not to.”
What choice? We didn’t have one! We still don’t have one. Look what happens when you vote a self-proclaimed pension reformer into one of the most powerful governorships in the nation. Even he could barely change a thing. All of our politicians are OWNed. In the case of NJ, the state assembly is owned by the teachers’ union. Hence, completing the cycle of retarded life.
I agree with you. I actually pointed it out on this blog when I finally realized it. Social security and pensions can never ever go broke. It’s all noise and scare tactics used by politicians in power grabs. Christie used it as a power grab, starting throwing out all these big numbers scaring the hell out of people, and he almost rode that to becoming president until he crapped the bed with bridgegate. Before that, he had a 70% approval rate based on pure bs fear mongering. You know, the sky is falling, I CAN SAVE YOU! What did Christie do besides almost ruining this states education system by underfunding education every year and making suburbs beg for their money back? Scumbag. He has no problem sending money to his boys pet projects, but can’t find money for education budgets because as he claims, the sky is falling and nj will fall into a black hole if we don’t let him save us. What a joker.
yome says:
February 17, 2016 at 12:34 pm
“Beginning in
2024, payment of expenditures in full and on time will continue to
require redemption of trust fund assets until the trust fund’s
depletion in 2030.”
Just like SS,Medicare Trust Fund will never reach depletion. Congress will adjust the Taxes paid so that it will receive surplus. Contribution coming in will be more than to cover retirees.
In a Deficit,Congress needs to budget for the shortfall. Their only obligation on this debt.
After adjusting, the surplus will be invested to the Trust Fund’s bonds called Special Issues. The Surplus is borrowed and spent by the Government. The amount owed will never be paid,because their only obligation is to cover the deficit and will adjust when they need to start covering the shortfall.
The Trust Funds is the biggest money maker for the Fed. The debt will never be paid but on paper there is Trillions of dollars.
And we argue about how the Seniors did not pay enough to cover their old age?
55/56. One of my first experiences in Joisey was a college buddy who took me from the City to Vernon Valley to ski.
Two groups about our age, maybe a bit younger, are mouthing off at eachother on the lift up. First group exits the lift, kid from that group kicks his skis off, second group exits, kid from the first group in his boots starts pummeling someone in the second group (incidentally who was still in his skis).
Kid from the first group gets pulled off the second kid, pops up, looks around the top of the slope all staring at him and says “Man, it feels GREAT to totally take advantage of someone like that.” Pops his skis back on and heads down the mountain.
My buddy looks at me with my jaw hanging open, deadpan (hotelie by the way), and says “The Weehawken crowd.”
Your State, not mine. Keep it.
There has to be a better way than the current approach.
“3. FUNDING FOR HOSPITAL CHARITY CARE FOR THE UNINSURED & TEACHING HOSPITALS
The problem: New Jersey hospitals are legally required to accept patients who come to the emergency room, but the state reimburses only a portion of what is spent to treat them. Teaching hospitals need financial support to offer residency programs for medical students.”
http://www.nj.com/politics/index.ssf/2016/02/what_are_the_key_issues_in_the_upcoming_budget.html#incart_river_home_pop
Skiing should not feel like merging on to the Sprain.
Though, I do miss the days of the Chinese Downhill. That was the shiznit. You young folk probably have no clue as to what I’m talking about.
http://www.bloomberg.com/news/articles/2016-02-17/star-wars-sputters-short-of-avatar-and-titanic-box-office-hauls
lol…nope. What is it?
Libturd feeling the Berning Cankles says:
February 17, 2016 at 2:10 pm
Though, I do miss the days of the Chinese Downhill. That was the shiznit. You young folk probably have no clue as to what I’m talking about.
I used to live for snowboarding back in my teen years. Almost killed myself at mountain creek when they first opened up their snowboarding park. I was going off the giant double, which required you to bomb the hill to even clear it. Decided to do a flip after hitting it enough times and feeling comfortable. Didn’t work out so well, caught an edge on the icy lip of the jump, which destroyed my momentum in the flip. Landed on my head and didn’t know where the hell I was. Landing was all ice, no idea how I wasn’t bleeding from my head with that kind of impact. No helmet either, this was before they cared about head injuries. It was 1997. My mom had to drive up to come get me. They still didn’t know I had a concussion. On my way home, my mom bought me a burger. When I got home, I unwrapped the burger, put salt and ketchup on it, wrapped it back up, and did this 3 times. My mom took me to the hospital. Hospital checked me out and let me go home and sleep (they would never let you do that today). I woke up next morning, my brother asks me if I’m okay. I said, yes, why? I didn’t even know it happened. Complete knock out. Shows you how far we have come with head injuries, god knows what happen to some of you when you were growing up. You prob had severe concussions, but the medical field just didn’t know much about it at that time. Now they ban headers from little kids soccer games. lol
re # 65 – head injury explains allot.
JEB! must be Poed..
Nikki Haley to endorse Marco Rubio for president
LW,
Did the creation and issuance of various derivative and synthetic product types increase the systemic debt and leverage of the TBTF institutions? Did that create a situation where a higher than normal rate of mortgage defaults had the potential to cause a gigantic problem rather than a few localized ones?
leftwing says:
February 16, 2016 at 10:07 pm
Ragnar says:
February 16, 2016 at 11:45 pm
Ratings agencies weren’t the whole story. They were stooges providing the ratings cover the bankers and originators wanted. No serious institutional investor in debt just takes a rating without asking questions. They didn’t want to ask questions. They wanted assets with the maximum ability to leverage, and helped guide the agencies in how to create those.
Go to jebbush dot com. lol!
Hey Pumpkin, were you ever in a barber shop quartet in Skokie, IL?
I didn’t know today was yome’s scheduled update on SSI/Medicare… thought it was next week?
Find the highest point of a ski resort. Everyone lines up for the starting count. First person to down a shot at the pub in the base lodge wins. No rules whatsoever. Shortcuts through the glades are allowed as is checking your opponents.
I almost killed a friend of mine doing this. I checked him into a major jump at Stowe. All we saw on the trail was his wool hat, goggles and poles. About a quarter mile down the trail, I passed a ski. Was stoned off my ass. When the others got to the lodge, we couldn’t stop laughing as we all encountered different elements of this poor guys clothing and ski equipment. Once we calmed down, we took the chairlift back up to try to find the guy. After landing what had to be a 20 foot air and having everything pop off, he ended up in the woods with one ski left on braced between two trees, which probably saved his life. Without the rest of his equipment, which was pretty much strewn across the remaining mile or so of trail, he was forced to go down the rest of the trail on his butt. This was no easy trail either. It was Lift Line. I checked him right before the turn onto the steep portion under the lifts as he tried to pass me on the inside. It’s probably about 45 seconds down from the top. Youtube it to see what I’m talking about. Well, it was taking him forever to get down, so I told him to lay on his back and lift his boots and just slide down. Before you know it, he’s gained so much speed that if he puts his boots down to try to slow down, it would probably brake his legs. So as the trail veers off to the right (and directly under the lifts), he slides off back into the woods at high speed. If you thought we were laughing hard before, I nearly puked from laughing so hard this second time. Especially when my buddy just says, “Houston, we lost him.”
Holy crap do I miss being young.
Men’s Health PSA (jj Edition):
Sex moves that can send you to the ER
By Kyle Smith
True, there are no bones in a boner. But pen!s breakage is a real thing. There are no bones in a stalk of celery or (if you prefer) a giant redwood either. What doctors call “penile fracture” happens when the tunica albuginea membrane tears. That is the bit surrounding the corpora cavernosa, the part in the center of the pen!s that becomes engorged with blood during an erection.
A tearing of the tunica albuginea means the blood in the area spills out into other tissue. You’ll know it’s happening because there is a cracking or popping sound, accompanied by severe pain, purple bruising and (if you’re smart) a trip to the ER. Tim-ber! Your woody just became kindling. Look up penile fracture on Wikipedia if you want to see a picture of what this looks like — but you really, really don’t.
This unpleasant happenstance once inspired an episode of “Grey’s Anatomy,” but if you’ve ever seen the show, you’re probably not in possession of a pen!s in the first place. In many cases, penile fracture can require surgery — going in and sewing up the tears in the tunica albuginea — though if left untreated, the tears may heal themselves, albeit leaving scar tissue that could result in erectile dysfunction or a permanent curvature that may change your pocket rocket to more of a man-banana.
Sexperts say that certain bedroom maneuvers involve a much-increased risk of busting your junk. Among them, the leading culprits involve any sex act in which the pen!s strikes an unyielding surface, such as the perineum. Among cases in a study compiled between 2000 and 2013, heterosexual sex resulted in most of the injuries, followed by “penile manipulation,” with gay sex a distant third place.
The weenie-crackingest position, by far, is woman on top, with its potential for a lot of weight to be concentrated on a small area. That position led to 50 percent of penile fractures. In second place was doggy style (28 percent) and in third was man on top (21 percent). But don’t worry: According to the doctors’ study, “Immediate surgical treatment warrants long-term very low morbidity,” meaning you probably won’t die. Except of embarrassment.
Even better news: Penile fracture is so rare that, over a 13-year period studying three emergency rooms covering a metropolitan area that is home to 3 million people in Brazil, only 42 men were confirmed as suffering from the condition in the first place. Moreover, good, healthy nooky may be less worrisome than hiding the salami somewhere other than where nature intended: In Iran, most cases of penile fracture involve “manual bending of the erected pen!s to achieve detumescence due to cultural circumstances.” In other words, most boner breakages in Iran are the result of trying to conceal your man-parts via the not-wise tactic called “Taghaandan,” which means “to click or snap into place.” Ow.
“We are committed to disrupting the Western-prescribed nuclear family structure requirement by supporting each other as extended families and “villages” that collectively care for one another, and especially “our” children to the degree that mothers, parents and children are comfortable.”
– Black Lives Matter
One thing that almost everyone here can agree upon is that it’s fun to watch Jeb! lose elections while throwing his crony donations down the drain. Who are these people who have donated so much money to him with so little effect?
D-FENS,
What’s the attribution of that quote? Hard to believe they are that explicit and willing to let people know this.
D-FENS,
I take it back, I believe all that and more. BLM is a caricature of everything PC, and then some.
I found your quote under “Black Villages” here:
http://blacklivesmatter.com/guiding-principles/
you can also read up on their ‘herstory” and their “queer affirming” policies.
I do believe that Blacks in the US have legitimate grievances, however the BLM exploits them to advance an extreme leftist ideology, and does blacks a great disservice.
I can’t stop laughing! That is hilarious. Damn, I would have loved hanging out with you. You def know how to have fun. That’s one of the best stories I have read on this blog. Thanks for the laugh! Today’s generation would never do that and you know why. What a story!!
Libturd feeling the Berning Cankles says:
February 17, 2016 at 2:47 pm
Find the highest point of a ski resort. Everyone lines up for the starting count. First person to down a shot at the pub in the base lodge wins. No rules whatsoever. Shortcuts through the glades are allowed as is checking your opponents.
I almost killed a friend of mine doing this. I checked him into a major jump at Stowe. All we saw on the trail was his wool hat, goggles and poles. About a quarter mile down the trail, I passed a ski. Was stoned off my ass. When the others got to the lodge, we couldn’t stop laughing as we all encountered different elements of this poor guys clothing and ski equipment. Once we calmed down, we took the chairlift back up to try to find the guy. After landing what had to be a 20 foot air and having everything pop off, he ended up in the woods with one ski left on braced between two trees, which probably saved his life. Without the rest of his equipment, which was pretty much strewn across the remaining mile or so of trail, he was forced to go down the rest of the trail on his butt. This was no easy trail either. It was Lift Line. I checked him right before the turn onto the steep portion under the lifts as he tried to pass me on the inside. It’s probably about 45 seconds down from the top. Youtube it to see what I’m talking about. Well, it was taking him forever to get down, so I told him to lay on his back and lift his boots and just slide down. Before you know it, he’s gained so much speed that if he puts his boots down to try to slow down, it would probably brake his legs. So as the trail veers off to the right (and directly under the lifts), he slides off back into the woods at high speed. If you thought we were laughing hard before, I nearly puked from laughing so hard this second time. Especially when my buddy just says, “Houston, we lost him.”
Holy crap do I miss being young.
Lol yup! I was waiting for that.
Juice Box says:
February 17, 2016 at 2:40 pm
re # 65 – head injury explains allot.
Can’t make this sh!t up.
If only they wasted the same amount of energy on working hard and getting ahead. Some people will never get it and I’m at the point in my life to realize they never will. You know damn well I have tried to fight for these people through my 20’s and early 30’s, now I finally realized that I have wasted my time. They can’t be saved. They mock the white lifestyle, yet complain they don’t have the same good life. You can bring the horse to the water, but you can’t make them drink. They want everything easy. They are too naive to realize that everyone struggles, but it’s the ones that fight to overcome their struggles that come out ahead. I know I didn’t like doing all the work it took to get where I am, but I knew that I had no other choice…..there is no easy way to the top. I also refuse to live my only life making excuses and feeling sorry for myself, barely getting by. I do what I have to do to get ahead just like everyone else that is successful.
D-FENS says:
February 17, 2016 at 3:20 pm
“We are committed to disrupting the Western-prescribed nuclear family structure requirement by supporting each other as extended families and “villages” that collectively care for one another, and especially “our” children to the degree that mothers, parents and children are comfortable.”
– Black Lives Matter
81- This isn’t a caste system. Only person holding you back is yourself. Yes, some people have an easier road than others, but if you want it, you can get it. Only thing holding you back is excuses. Go get it!
[61] libturd
“Skiing should not feel like merging on to the Sprain.”
That’s why I can’t stand the f&#%ing Poconos.
CNBC is irrelevent…….
The poconos is Detroit in the woods.
82. Thus spake…..Candide.
Candide
Candide is the protagonist of the novel, but he is bland, naïve, and highly susceptible to the influence of stronger characters. Like the other characters, Candide is less a realistic individual than the embodiment of a particular idea or folly that Voltaire wishes to illustrate.
Candide’s name is derived from the Latin word candidus, which means “white” and connotes fair-mindedness or a lack of corruption. As that name suggests, Candide begins the novel as a perfect innocent—wide-eyed in his worship of his tutor Pangloss’s wrongheaded optimistic philosophy, and completely unfamiliar with the ways of the world. Over the course of the novel, Candide acquires wealth and even some knowledge about the world, and begins to question his faith in optimism. Yet that faith remains and is frequently reactivated by any event that pleases him, from the kindness of the stranger Jacques to the death of Vanderdendur, the merchant who cheats him. At the end of the novel, Candide rejects Pangloss’s philosophizing in favor of the practical labor that is introduced to him by the old farmer. While this shift in philosophy appears on the surface to be real progress, Candide’s personality remains essentially unchanged. He is still incapable of forming his own opinions, and has simply exchanged blind faith in Pangloss’s opinions for blind faith in the opinions of the farmer. Despite his simplicity, Candide is an effective, sympathetic hero. He is fundamentally honest and good-hearted. He readily gives money to strangers like Brother Giroflée and the poorest deposed king, and he honors his commitment to marry Cunégonde even after his love for her has faded. His naïveté, though incredible, makes Candide sympathetic to readers; the world of the novel is exaggerated and fantastic, and we are likely to find the events described as unsettling and confusing as he does.
[87] sx
As I started to read this, I thought to myself “is Essex going to compare himself to Pangloss?”
[86] sx
I’d rather hear from Zarathustra
[65] pumps
Well that story clears things up.
My 12yo did the same thing this weekend in a mogul field at Camelback. Hit her head (helmeted) and complains of pain front and back. Ski Patrol backboards her and toboggans her down. Diagnosis was low pain threshold and overdeveloped sense of drama. Not even a concussion but neck sore the next day. Same injury I got from a hard PLF.
Zarathustra was born in Bactria (or Aria) as the son of a not very powerful nobleman named Purushaspa and a woman named Dughdhova. Zarathustra was the third of five brothers. He became a priest and seems to have showed a remarkable care for humans and cattle. The family is often called Spitama, which is a honorary title meaning ‘most beneficient’, but was later taken for a family name.
Zarathustra’s life changed when the god Ahuramazda granted him a vision. A spirit named Good Thought appeared and ordered Zarathustra to oppose the bloody sacrifices of the traditional Iranian cults and to give aid to the poor. In one of his own compositions, Zarathustra says:
Thee I conceived as holy, O Ahuramazda, when thy Good Thought appeared to me and asked me: ‘Who art thou? And whose is thine allegiance?’ […]
Then I answered: ‘Zarathustra am I; to the false believers a forthright enemy, but to the righteous a mighty help and joy. […]
Thee I conceived as holy, O Ahuramazda, when thy Good Thought appeared to me. […] A difficult thing it seemed to me, to spread thy faith among men, to do that which Thou didst say was best.note
Zarathustra started to preach that there was a supreme god, the “wise lord” Ahuramazda, who had created the world, mankind and all good things in it through his holy spirit, Spenta Mainyu. The rest of the universe was created by six other spirits, the Amesha Spentas (‘holy immortals’). However, the order of this sevenfold creation was threatened by The Lie; good and evil spirits were fighting and mankind had to support the good spirits in order to speed up the inevitable victory of the good.
A remarkable aspect of Zarathustra’s teaching is that he employs special words to describe the demons. Their names are remarkably similar to words from the Indian Rigveda. Now it is reasonably certain that the language of the Rigveda was spoken in eastern Iran at some stage in the history of the second millennium BCE. We may assume that Zarathustra opposed the old religion, which was to flourish in the Punjab.
It was the duty of the believer to side with Ahuramazda, which was possible by avoiding lies, supporting the poor, several kinds of sacrifices, the cult of fire, et cetera. Zarathustra warned the people that there would be a Last Judgment, where the friends of The Lie were to be condemned to Hell and the pious allowed to enter Heaven (text).
It’s all bread and circuses.
Sprach Zarathustra?
https://youtu.be/TE_YBBEp4nQ
^^hooooooly S–t
I’m pretty sure that Cruz, Rubio, and maybe Bush would ban that. Screw your second amendment.