Can someone tell me the amount of debt Regan and the Bush's accumulated?

[nynco]

Who give a shit about a TV. The cost of life now requires two incomes to earn the same purchasing power as was the norm in 1979. I went on to list examples and still still target fixate on a TV. Fuck I don't even own one and most of the people my age don't either.

"When you isolate out the true basics - food, energy and basic shelter - those differences in purchasing power disappear and in fact invert."


What world do you live in? Because the cost of gas alone is way more. Heck I just told you that the average cost of a house is 3 times more than the average wages of that time. Yet you still cling to that false reality.

[spqrzilla]

What world do you live in? Because the cost of gas alone is way more. Heck I just told you that the average cost of a house is 3 times more than the average wages of that time. Yet you still cling to that false reality.

And you still don't understand how your little factoid is meaningless despite several attempts to explain it to you. The small three bedroom one bath house, with no A/C, and a tiny kitchen that my mother grew up in did not increase in price three times more than wages over the last half century. The false reality here is yours.

[dwalker460]

I can buy a TV right now for 10 dollars on craigs list used. In fact I can pick them up free all day long. There is no equivalent to having a house full of TVs today and only one when you were a kid. Heck I gave 3 away in the last year myself. So yeah I can afford to enjoy what you did not have or barely had. That is how the world works. Cost of those "luxories" went down. What todays generation enjoys that you did not is the debt you left, the college school system that has risen over 800% more in cost than inflation, A system that forces them to take loans that can NEVER BE BANKRUPTED OUT OF... which basically is the modern form of share cropping, wages that have half the purchasing power and houses that cost 3 times as much..... whooo hoooo its all about a TV though.

If it is going over any ones head it is right over yours.

You are literally the most ignorant person I have had the pleasure of addressing in recent memory.

My college tuition in 1990 was $600 for 15 credit hours, which was full time back then. My tuition rose steadly because of the mandatory programs the school had to offer, NOT because new buildings were built, or professors got pay increases, or higher percentages of new equipment was bought. However because the college had to offer a lot of "free" programs for "disadvantaged" students, tuition rose. And its going to keep rising because while the tuition for those who can pay goes up, it does so to pay for those who cannot pay. Not everyone goes to college, nor should they.

The TV thing is an example of the gluttony of those who cannot afford it. As a specific example-

I had an employee a couple of years ago who made part time pay, and worked part time hours. I paid him one Friday and the following Monday and Tuesday he did not show up for work. I asked him on Wednesday why. He told me he did not have the money for gas for his car. Huh.... So I responded that I had just paid him on Friday, what happened? He replied he has bills to pay.. cell phone, X-box or whatever game accounts, his car insurance, etc. and just didnt have anything left. I was shocked, and asked how does a 19yr old kid living at home have so many bills he cant afford to put gas in his car to get to work? We all have bills I told him, but we plan ahead so that we can get to work, and even if it works out we have no gas money, we get a friend or family member to help us out. I let him go about a week later. I spoke with his dad a few weeks after and he had no idea of this, and flat told me that he would have given his son the money to get to work, and had no idea his son was squandering every dime he made.

Its a sign of the times. The average American has no savings, has more debt than thier yearly income, and is less than two months of unemployment from insolvency. We need to fix that, and it starts by teaching responsibility, not the BS theories of those who have never worked for a living.

[Sharpienads]

dwalker, If you had been here a bit longer you would know that trying to argue with nynco is useless. He was here before, took about a year or so off, and is now back. But have fun.

[Pancho Villa]

In this thread, we blame capitalism for the government-backed policy of inflation that steals purchasing power / savings from our citizens.

The irony is so delicious, I skipped breakfast to have some more.

[nynco]

1960
Median household income: $5,620
Median home price: $11,900
Home price / income = 211 percent
Today

average median income today $50,964
average cost of a house - $244,792
Home price / income = 480 percent

You were saying? Oh yeah... it's all about a TV

http://i.usatoday.net/news/graphics/housing_prices/home_prices.pdf

[nynco]

The real irony is that libertarian economic models always lead to business buying gov and gov reinforcing those same things that you think libertarian/conservative economics will fix.

[dwalker460]

thanks for making my point. The 2 bedroom one bath home is no longer the average, what we have now is the McMansion, at least three bedrooms 2.5 bath with garage, HVAC, etc.

I can buy such a house TODAY for 60K in Colorado, and LESS in other areas, soooo that kinda shoots yourself right in the ass....

[Pancho Villa]

The real irony is that libertarian economic models always lead to business buying gov and gov reinforcing those same things that you think libertarian/conservative economics will fix.

That's exactly what happens! You're totally right.

[nynco]

Its happening today and has been for a long time. We deregulated the financial serves industry and then at the same time said money was free speech... so they bought our elected officials elections.

Hows the coffee smell?