altivo: Wet Altivo (wet altivo)
[personal profile] altivo
Y'know, I was born on a Wednesday, for all the good it did me.

Farrier was here this morning, vet late in the afternoon. Worked late shift as usual for Wednesday, boss called a meeting at 4:30 to tell us that due to a budget shortfall of 25K (decline in tax revenue due to the recession, increase in insurance costs) there will be no raises this year and staffing will continue to be paper thin. Not that the usual raises are that good. The last two years mine hasn't even covered the increases in state income tax and health care insurance. My check shrinks even when I get a raise.

The Fed once again demonstrates its incompetence and lack of vision, so the stock markets rise and so does inflation. Savings and CDs are earning rock bottom rates, but the wealthy Republicans want to take away retirement benefits and medicare as well. Then they'll tell us we aren't saving enough for retirement, since they've made it all but impossible to save anything anyway.

Obama talks Hawaii into handing over his full birth record, but of course the "Birthers" aren't satisfied and just consider it a fraud. Peabrain Trump demands that the President turn over his college transcripts as well. Is he willing to hand out copies of his own, I wonder?

Hummingbirds were still hanging around today, maybe they'll stick around and nest here.

Forecast: more rain, rain, and rain possible. There might be a moment of sunshine on Friday, if you don't blink and miss it.

Enough. I'm going to bed.

Date: 2011-04-28 07:43 am (UTC)
From: [identity profile] calydor.livejournal.com
Do the rules say you have to have attended a US college?

Or a college at all?

Is there anything in ones college papers that would hint at original citizenship in any way?

Captcha: investors thfli. These are getting crazier every time I reply to one of your posts.

Date: 2011-04-28 09:51 am (UTC)
schnee: (Default)
From: [personal profile] schnee
Obama talks Hawaii into handing over his full birth record, but of course the "Birthers" aren't satisfied and just consider it a fraud. Peabrain Trump demands that the President turn over his college transcripts as well. Is he willing to hand out copies of his own, I wonder?

This really was expected, wasn't it? You don't get anywhere by feeding trolls, not even in real life.

The whole thing's actually quite reminiscent of creationist tactics. If there's two species, say A and C, creationists will wail about how the huge gaping hole in the fossil record that evolution couldn't possibly explain; so when archaelogists later on manage to find the "missing link", so that there's now species A, B and C, creationists, far from satisfied, will now wail about how there's TWO huge gaping holes in the fossil record.

There's a similar mechanism at work here, and attempting to debate with these people makes just as much sense as debating creationists. You can't make someone see if his job/income/political power/... depends on his being blind.

Date: 2011-04-28 12:41 pm (UTC)
From: [identity profile] calydor.livejournal.com
"We didn't come from no monkey."

I just love this butchering of the language, since if I'm not too mistaken they're actually using a double negative to say that they did from a monkey.

Now if only I understood why it is so important for religious people to set themselves aside from the rest of, oh, the entire planet ecosystem.

Date: 2011-04-28 11:10 am (UTC)
From: [personal profile] avon_deer
Someone where I work (who has just taken early retirement himself) joked that the only retirement gift the youth of today will get is a bullet with which they can feel free to shoot themselves. :/

Not a nice guy; but somehow I worry quite visionary.
Edited Date: 2011-04-28 11:10 am (UTC)

Date: 2011-04-28 01:23 pm (UTC)
From: [identity profile] kakoukorakos.livejournal.com
Trump is very smart. He's pandering to the same demographic that made his "reality" show a hit, and they're people who don't do much thinkin'.

It probably won't get him terribly far, if it does, we're a step closer to a true idiocracy. But it will get him more media attention, and publicity is good for the other things he does.

Inflation isn't a huge concern yet. Low interest rates make it more attractive for banks and investors to take risks making loans, bot to individuals and businesses. The knee-jerk reaction would be to jack the Prime Rate up to make-up for all the damage Greenspan's incompetence caused, but that would really just make things worse. We're in minimal danger of inflation at this time because money is not flowing as much because everyone is still scared. How it all basically works is that low interest benefits higher-risk investments and tends to get maximum money in circulation, which causes inflation if it goes on too long. High interest only benefits those with exceptional credit and well-established businesses, and stifles competition, because it makes it much more difficult for little guys to get loans at all.

I don't get the obsession everyone seems to have with going on the dole at 65. "Retirement", to me, is "too fucking old to work anymore", not going on an indefinite vacation funded by the generations currently in the workforce. Social Security was to be only a net that allowed people who could no longer work to not die penniless and homeless, or having to resort to begging, Medicare is to keep them from dying of easily treatable diseases. That's what's really wrong with the system. Without raising the SS taxes, you can't really expect it to keep working as a retirement hammock when it was designed solely to help-out those who were either financially irresponsible and didn't save during their working years, or simply just getting by and couldn't afford to save anything for the eventuality that they could no longer work.

Date: 2011-04-29 03:31 am (UTC)
From: [identity profile] kakoukorakos.livejournal.com
I don't think it's a good idea to make cuts to entitlement funding, but I do think it's necessary to increase the retirement age just 5 or 10 years. For those who are unable to work to the retirement age, there's always SSDI, but 65 isn't really all that "old" anymore, when more and more people are living into their 80s and 90s thanks to advancements in medicine. My dad has already outlived his dad by about a decade. It's clear we have to change our perception of old age and retirement a bit. Older folks vacating jobs to make room for young people entering the workforce is nice, but the economy really has to grow and create more jobs too. As Baby Boomers continue to retire, we'll have a lot of vacancies.

But I do think that it's silly to give everyone retirement dole just because they paid in. People who can easily afford to live without it really shouldn't be collecting SS. everyone seems to view it kind of as a retirement account, and that's probably the wrong approach. Maybe it should be treated more like welfare or unemployment insurance, where those who need it can claim it, and others just consider themselves fortunate not to need it.

This is also one of those areas where I'm not sure privatization is an entirely bad idea, either. The problem with any sort of viable retirement accounts is that they have to grow along with inflation, otherwise there's no point in paying in at all. If your retirement investment loses one or more percent each year as it's outstripped by inflation, it's not going to amount to much. Saving money is kind of stupid if it's just saved to a bank account. If it's not working somehow, it's just decaying. I'm not terribly happy about that fact of life, and the only way to avoid that decay would be to lock the economy back to a standard baseline (such as a valuable metal commodity, gold or platinum), but that tends to be disastrous for other reason. Basically, it hamstrings the economy a little because there's less need to invest, and it keeps the currency far too strong, making for trade imbalances. A weak currency is great for exports, which is why China is holding its Yuan down. They risk runaway inflation, but until that happens, they're extremely competitive when it comes to exports.

Also, don't confuse fuel and commodity prices spiking with inflation. It's most likely speculation again. I've already seen the prices at the pump drop nearly $0.30 in the past week or so. I'm taking that as a sign that the unsustainable climb in prices has started heading back down, more of that bubble economics thing. Hopefully a bunch more late-to-the-game (or rather, late-out-of-the-game) speculators get burned badly for their troubles in driving prices up. I have a feeling food prices, at least for certain types, will stay high due to the weird weather lately, which is probably affecting planting, and fuel prices impact those prices pretty heavily too.

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