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Comment: Re:How about import duties? (Score 1) 351

For instance, you took out a loan on 'future income', similarly the government can budget based on their expectation of 'future income' (taxes but really tied to 'GDP').

The previous poster accused me of not understanding how to live within my means when all I did was pointed out how voters behaved at the voting booth. My personal example was to dispute that point. Seems like some /. posters are resisting the idea of taking personal responsibility at the voting booth, which of course goes back to wanting more government services while someone else pays for it.

Comment: Re:How about import duties? (Score 1) 351

The U.S. Mint has the legal authority to produce enough $1T coins to deposit with the Treasury and pay off the entire national debt. This was one option considered during the 2013 government shutdown. Although perfectly legal under the U.S. Constitution, it would undermine the world-wide confidence in the full trust and credit of the American people.

Comment: Re:How about import duties? (Score 1) 351

Why don't you just pay off the loan as fast as possible? It sounds rather waseful to pay a huge interest when you have mony to put in your savings account.

As part of my loan agreement, I had to direct my paycheck not only into my checking account, but also savings and Roth IRA accounts. My combined accounts now greatly exceed what owe on the loan. I could have paid off the 9% loan, but it's not a burden for me to continue paying off on schedule. This isn't like have a 30% credit card debt.

Then why didn't you have a year's worth of expenses on a savings account?

Because I haven't recovered from being unemployed for two years (2009-2010), underemployed for six months (working 20 hours PER MONTH), and filing for Chapter 7 bankruptcy in 2011. It's hard to build up a cash reserve when you make just enough money to pay the bills but not enough to get ahead. Most of my contract jobs varied in length and pay between brief bouts of unemployments. I'm fortunate that my current job is "permanent" with annual contract renewals for the next four years.

The European countries that tried to balance their budgets during the recession are now recovering nicely and are able to lower taxes. Those that did not are still in trouble.

The European countries that printed their own currency are doing fine. The countries that are tied together with the Euro are still struggling from their double dip recession. Greece is most likely to abandon the Euro. Who knows what will happen after that.

Comment: Re:'Doze mode...? (Score 1) 82

Which is quite a coincidence, because my new Windows phone is actually quite good at not draining the battery when I'm not doing anything. The other day I was still at 95% battery by the end of the day because I was too busy to use my phone. My old Android phone on the other hand would easily go through 25-50% of it's battery in a day, even if I didn't use it for much. Most of the time I would plug it in at the office because if I didn't, it would be below 20% by the end of the day.

Comment: Re:Doesn't get it (Score 2) 289

I don't think you can fix this problem by trying to teach more people how to program. Making students take math classes every year hasn't helped solve the problem of not having enough mathematicians. High level math is just something that is beyond the cognitive capabilities of most people. I'm not ashamed to admit that it's above my cognitive capability.

Programming, and more specifically, actual software development, as opposed to just being able to write a few simple functions like one would use in Excel, is also something that I believe to be outside the ability of a large percentage of the population. You can try to teach programming to everybody, and that may bring the number of programmers up a bit and salaries may go down a little bit, but it's not going to solve the fundamental problem which is that most people will never be able to write software.

Comment: Re:No kid should be forced to code ... (Score 1) 289

I think the difference is that writing is an important skill to have even if you aren't going to be writing novels. My life would be so much easier if people writing emails could just compose a few simple sentences that are easy to understand.

Programming on the other hand doesn't seem to be all that useful unless you want to actually write computer programs. And I say that as somebody who is a programmer. It's definitely not something that everybody needs to know how to do. There's so many other skills that students are lacking in. Trying to add another subject which will only help a tiny fraction of students seems like a bad idea.

Comment: Re:How about import duties? (Score 1) 351

You cannot regularly exceed your budget and expect to remain operational. Governments are no exception.

The United State has historically been in debt since the 1790's. If you look at the graph, we spent far more money in World War II than we did to turn around the Great Recession. The graph also shows that the debt will be going up as the baby boomers retire and the tax base (workers) shrinks over the next 20 years, where mandatory spending (social security) will consume 2/3 of the federal budget. The Republicans are talking about balancing the budget in 10 years, but their balanced budget plan doesn't fix the problem in 20 years from now.

Comment: Re:How about import duties? (Score 1) 351

If you're talking about the federal debt limit, which most people mistakenly refer to as a credit limit, it limits how many bonds the Treasury can issue to refinance existing debt obligations. The debt limit doesn't prevent Congress from spending like drunken sailors. If the debt limit isn't periodically raised to pay the bills that Congress already rung up on the charge card, the government will default on the debt and the world-wide economy collapses from a worthless U.S. dollar. This almost happened when the government shutdown for 16 days in 2013.

Comment: Re:How about import duties? (Score 1) 351

by creimer (#49796021) Attached to: FCC Proposes To Extend So-Called "Obamaphone" Program To Broadband

Its called living within your means, and you have zero understanding of what that means.

When I was out of work for eight months last year, I got a new job but it wouldn't start for another month and the rent was due. I went to the credit union, filled out a loan application and showed them my employment contract. Three days later I got a loan for $2,500 @ 9% interest. I paid my rent, started my job. Almost a year later, I'm about half-way through paying off my loan, saving 21% of my monthly paycheck and getting a raise with my next contract renewal. So I think I know to live with my means.

Just because the government can alter its means to support its lifestyle does not mean that its a good idea.

If we treat a national budget the same way as a personal budget, the economy would collapse into another Great Depression. Europe tried to cut back, suffered back-to-back recessions, and are now buying bonds to inject liquidity into the system. The U.S. could have done a lot more to turn the economy around if wasn't for people like you who insisted on tightening the belt around our collective necks.

Comment: Re:How about import duties? (Score 5, Informative) 351

by creimer (#49795835) Attached to: FCC Proposes To Extend So-Called "Obamaphone" Program To Broadband

It's time Washington works within a budget like everyone else.

Yet we vote out every politician who offers to balance the budget by raising taxes, vote in every politician who promises to expand services without a word on balancing the budget, and borrow trillions of dollars to maintain the status quo. If you want to change Washington, look in the mirror.

The life of a repo man is always intense.