diving in America will never be the same

Chris Guynn wrote:

> "John R. Macdonald" <scubajohn@remove.claranet.fr> wrote in message
> news:51i7l2lajecit9r9g0v203v18q8ukr60to@4ax.com...
>
>>On Thu, 09 Nov 2006 14:23:55 GMT, "Chris Guynn"
>><chris.guynn@gmail.com> wrote:
>>
>>
>>>"dechucka" <dechucka@vomithotmail.com> wrote in message
>>>news:45527e8b$0$3022$5a62ac22@per-qv1-newsreader-01.iinet.net.au...
>>>
>>>>The democrats have control of the congress
>>>>
>>>>by the way OT
>>>
>>>Great. According to the new speaker of the house, we will now have an unprecedented run of
>>>bi-partisanship.
>>>
>>>I read that to mean that we will now see the Democrats try to ramrod their legislation through
>
> the
>
>>>system to "level out" what the Republicans have done over the last few years. I bet that they're
>>>now wishing they had passed some of that legislation limiting the 60/40 rule.
>>>
>>>I also fully expect that our taxes will start going up and our spending power will begin going
>
> down.
>
>>>It will all be okay though, because they will raise minimum wage so the poorest of the poor (who
>
> are
>
>>>still working) will have more money (even though that money will end up buying less).
>>>
>>
>>Well seeing the size of the federal deficit and US national debt why
>>should your kids and their kids be the only ones to foot the bill
>>(apart the fact they can't (yet) vote)?
>
>
> Why do people think that the only possible way to fix a federal deficit and high national debt is by
> raising taxes?
>
>
Lack of responsibility?

Thus spake "Chris Guynn" <chris.guynn@gmail.com> :

>
>"dechucka" <dechucka@vomithotmail.com> wrote in message
>news:45527e8b$0$3022$5a62ac22@per-qv1-newsreader-01.iinet.net.au...
>> The democrats have control of the congress
>>
>> by the way OT
>
>Great. According to the new speaker of the house, we will now have an unprecedented run of
>bi-partisanship.
>
>I read that to mean that we will now see the Democrats try to ramrod their legislation through the
>system to "level out" what the Republicans have done over the last few years. I bet that they're
>now wishing they had passed some of that legislation limiting the 60/40 rule.
>
>I also fully expect that our taxes will start going up and our spending power will begin going down.
>It will all be okay though, because they will raise minimum wage so the poorest of the poor (who are
>still working) will have more money (even though that money will end up buying less).
>

I have a prediction. The market will tank at the end of 2008. You
see, the current tax structure for capital gains ends then and those
of us with large, unrealized capital gains will sell our winners. The
coming of the Democrats hearlds a new era in the stock market. One
where the dot com bust will look like a minor correction.

Boy howdy, I just can't wait. Meanwhile, I have an AR15 to buy. Along
with some 30 rd mags.
--
dillon

If you can't figure out how to unmunge my
address, email me and I'll explain it.

Go gcreime na péisteoga do cheann Dillon Pyron
<dmpyronINVALID@austin.rr.com>:

> The
> coming of the Democrats hearlds a new era in the stock market.

A repeat of the market performance from 1993 - 2000, the Clinton years.


--
Posted via a free Usenet account from http://www.teranews.com

"Dillon Pyron" <dmpyronINVALID@austin.rr.com> wrote in message
news:509dl2hflktpsjohcn10i7a3d1odsnghoq@4ax.com...
> Thus spake "Chris Guynn" <chris.guynn@gmail.com> :
>
> >
> >"dechucka" <dechucka@vomithotmail.com> wrote in message
> >news:45527e8b$0$3022$5a62ac22@per-qv1-newsreader-01.iinet.net.au...
> >> The democrats have control of the congress
> >>
> >> by the way OT
> >
> >Great. According to the new speaker of the house, we will now have an unprecedented run of
> >bi-partisanship.
> >
> >I read that to mean that we will now see the Democrats try to ramrod their legislation through
the
> >system to "level out" what the Republicans have done over the last few years. I bet that they're
> >now wishing they had passed some of that legislation limiting the 60/40 rule.
> >
> >I also fully expect that our taxes will start going up and our spending power will begin going
down.
> >It will all be okay though, because they will raise minimum wage so the poorest of the poor (who
are
> >still working) will have more money (even though that money will end up buying less).
> >
>
> I have a prediction. The market will tank at the end of 2008. You
> see, the current tax structure for capital gains ends then and those
> of us with large, unrealized capital gains will sell our winners. The
> coming of the Democrats hearlds a new era in the stock market. One
> where the dot com bust will look like a minor correction.
>
> Boy howdy, I just can't wait. Meanwhile, I have an AR15 to buy. Along
> with some 30 rd mags.

I'll be positioning myself into a much more conservative holding structure around that same time.

Currently, I'm "super aggressive". In two years, I'll probably be moderately conservative. Amazing
what a few years difference can make.

I'm young enough to be able to handle the risk of a moderately conservative portfolio during a
downturn. I don't htink anyone is young enough to weather a super aggressive downturn in the same
circumstances.

"Chris Guynn" <chris.guynn@gmail.com> wrote in message
news:1K05h.11804$B31.7740@newssvr27.news.prodigy.n et...
>
> "John R. Macdonald" <scubajohn@remove.claranet.fr> wrote in message
> news:51i7l2lajecit9r9g0v203v18q8ukr60to@4ax.com...
> > On Thu, 09 Nov 2006 14:23:55 GMT, "Chris Guynn"
> > <chris.guynn@gmail.com> wrote:
> >
> > >
> > >"dechucka" <dechucka@vomithotmail.com> wrote in message
> > >news:45527e8b$0$3022$5a62ac22@per-qv1-newsreader-01.iinet.net.au...
> > >> The democrats have control of the congress
> > >>
> > >> by the way OT
> > >
> > >Great. According to the new speaker of the house, we will now have an
unprecedented run of
> > >bi-partisanship.
> > >
> > >I read that to mean that we will now see the Democrats try to ramrod
their legislation through
> the
> > >system to "level out" what the Republicans have done over the last few
years. I bet that they're
> > >now wishing they had passed some of that legislation limiting the 60/40
rule.
> > >
> > >I also fully expect that our taxes will start going up and our spending
power will begin going
> down.
> > >It will all be okay though, because they will raise minimum wage so the
poorest of the poor (who
> are
> > >still working) will have more money (even though that money will end up
buying less).
> > >
> > Well seeing the size of the federal deficit and US national debt why
> > should your kids and their kids be the only ones to foot the bill
> > (apart the fact they can't (yet) vote)?
>
> Why do people think that the only possible way to fix a federal deficit
and high national debt is by
> raising taxes?
>
>

I'd say its poor education.
When I'm in debt, I cut back on spending until I'm out of it.

Dennis

>> Why do people think that the only possible way to fix a federal deficit
>> and high national debt is by
>> raising taxes?

> I'd say its poor education.
> When I'm in debt, I cut back on spending until I'm out of it.

When your fixed costs, particularly debt payments, exceed your income, you
can't break even by spending less. You have to increase income or default
on your debts. You aren't in this position because you won't let yourself
be. Many people weren't so wise. They, and perhaps our country, are in
over their heads. Besides, it's easier to raise taxes for those who do not
have the political organization to resist, than to reduce benefits for those
who demonstrated their political power when they got the benefits.

Go gcreime na péisteoga do cheann "Dennis \(Icarus\)"
<nojunkmail@ever.invalid>:

> When I'm in debt, I cut back on spending until I'm out of it.

Yet you and your buddies support Bush and the Repugs.

--
Posted via a free Usenet account from http://www.teranews.com

"Dennis (Icarus)" <nojunkmail@ever.invalid> wrote in message
news:e6973$45591165$1860878d$20983@KNOLOGY.NET...
> "Chris Guynn" <chris.guynn@gmail.com> wrote in message
> news:1K05h.11804$B31.7740@newssvr27.news.prodigy.n et...
> >
> > "John R. Macdonald" <scubajohn@remove.claranet.fr> wrote in message
> > news:51i7l2lajecit9r9g0v203v18q8ukr60to@4ax.com...
> > > On Thu, 09 Nov 2006 14:23:55 GMT, "Chris Guynn"
> > > <chris.guynn@gmail.com> wrote:
> > >
> > > >
> > > >"dechucka" <dechucka@vomithotmail.com> wrote in message
> > > >news:45527e8b$0$3022$5a62ac22@per-qv1-newsreader-01.iinet.net.au...
> > > >> The democrats have control of the congress
> > > >>
> > > >> by the way OT
> > > >
> > > >Great. According to the new speaker of the house, we will now have an
> unprecedented run of
> > > >bi-partisanship.
> > > >
> > > >I read that to mean that we will now see the Democrats try to ramrod
> their legislation through
> > the
> > > >system to "level out" what the Republicans have done over the last few
> years. I bet that they're
> > > >now wishing they had passed some of that legislation limiting the 60/40
> rule.
> > > >
> > > >I also fully expect that our taxes will start going up and our spending
> power will begin going
> > down.
> > > >It will all be okay though, because they will raise minimum wage so the
> poorest of the poor (who
> > are
> > > >still working) will have more money (even though that money will end up
> buying less).
> > > >
> > > Well seeing the size of the federal deficit and US national debt why
> > > should your kids and their kids be the only ones to foot the bill
> > > (apart the fact they can't (yet) vote)?
> >
> > Why do people think that the only possible way to fix a federal deficit
> and high national debt is by
> > raising taxes?
> >
> >
>
> I'd say its poor education.
> When I'm in debt, I cut back on spending until I'm out of it.

What a novel idea. That's friggin brilliant. Has anyone thought to let our Congresscritters know
how effective that plan is? I've been letting mine know, but apparently they aren't too bright.

"Lee Bell" <pleebell2@bellsouth.net> wrote in message
news:cvi6h.24761$GU5.4773@bignews8.bellsouth.net.. .
> >> Why do people think that the only possible way to fix a federal deficit
> >> and high national debt is by
> >> raising taxes?
>
> > I'd say its poor education.
> > When I'm in debt, I cut back on spending until I'm out of it.
>
> When your fixed costs, particularly debt payments, exceed your income, you
> can't break even by spending less. You have to increase income or default
> on your debts. You aren't in this position because you won't let yourself
> be. Many people weren't so wise. They, and perhaps our country, are in
> over their heads. Besides, it's easier to raise taxes for those who do
not
> have the political organization to resist, than to reduce benefits for
those
> who demonstrated their political power when they got the benefits.
>
>

While, indeed, many folks may be in over their heads, I doubt that is the
case for the country.
I'm pretty sure there's still a good bit of waste in the budget.

Dennis