Greek Bond 'Haircut' of 50% Appears Set: Sources

[CosmicCowboy]

If they have to act (and that's a big if), it's gonna be reactionary, as usual. Obviously, if GDP grows steadily again, then it becomes less of an issue, which is what this waiting game is all about. I was reading China apparently already hit their ceiling of external consumption and now are fomenting internal consumption to continue growth. That's going to be interesting to follow.

I agree that if they ever act it will be in reaction to the catastrophic consequences of their previous actions to hide the mess. My guess is that they will eventually try to print their way out of it, making it even worse in the long run.

[CosmicCowboy]

Again, I am just pointing it out. I don't claim to have the answers but I can at least see the problems. I am comfortably set financially pretty much whatever happens and the next generation of my family is rapidly getting there, fortunately so hopefully I have prepared no matter what happens short of anarchy. I get criticized and disparaged by the idiots like Fuzzy for being "old" like being young makes them smarter. I'm not saying I'm smarter but I have had the chance to watch politicians and politics since LBJ and seen the both parties lie to me. I've seen federal wage and price controls, I've see 18% mortgages. It really CAN happen. I've seen the financial devastation in Texas of the 80's when oil crashed the last time...and ...I'm not even 60 yet...

[FuzzyLumpkins]

Again, I am just pointing it out. I don't claim to have the answers but I can at least see the problems. I am comfortably set financially pretty much whatever happens and the next generation of my family is rapidly getting there, fortunately so hopefully I have prepared no matter what happens short of anarchy. I get criticized and disparaged by the idiots like Fuzzy for being "old" like being young makes them smarter. I'm not saying I'm smarter but I have had the chance to watch politicians and politics since LBJ and seen the both parties lie to me. I've seen federal wage and price controls, I've see 18% mortgages. It really CAN happen. I've seen the financial devastation in Texas of the 80's when oil crashed the last time...and ...I'm not even 60 yet...

I call you old because your demographic has many common behaviors that you yourself exhibit. I don't think you're dumb. Pigheaded means obstinate not dumb.

You coming on here to tell us about every single en lement that you can get your hands, tell us about how you have been politically active since JFK, and want to tell us how worried we should now be about the national debt? Is the irony lost on you? It seems so blatant to me as to be contrived.

[boutons_deux]

"tax increases quickly would weaken the economy"

bull ing .

income taxes were much higher throughout the 50s, and the economy exploded, all boats floated.

America is wealthy enough to cover its 99%, but the 1% has hoarded $Ts due to paid-for, rigged tax policies.

Medicare is expensive because health care is for-profit (and yes, Americans are sicker, fatter, and brain-washed that BigPharama, BigMedicine is the solution, rather the diet + exercise)

Federal debt is burdened with Repug bogus, botched wars costing $3T+, plus Repug tax cuts.

[CosmicCowboy]

I call you old because your demographic has many common behaviors that you yourself exhibit. I don't think you're dumb. Pigheaded means obstinate not dumb.

You coming on here to tell us about every single en lement that you can get your hands, tell us about how you have been politically active since JFK, and want to tell us how worried we should now be about the national debt? Is the irony lost on you? It seems so blatant to me as to be contrived.

i see no irony. I do see a jealous ankle biting , though. I have literally paid over a million dollars in taxes so far. If your President wants to give tax credits for electric cars and residential solar systems to influence consumers behavior then I will be influenced and take advantage of the tax credit. Doing otherwise and intentionally paying more taxes than are owed would be stupid.

[pgardn]

i see no irony. I do see a jealous ankle biting , though. I have literally paid over a million dollars in taxes so far. If your President wants to give tax credits for electric cars and residential solar systems to influence consumers behavior then I will be influenced and take advantage of the tax credit. Doing otherwise and intentionally paying more taxes than are owed would be stupid.

It seriously makes that much of a difference to you? Unless it's like, a hobby?

[CosmicCowboy]

It seriously makes that much of a difference to you? Unless it's like, a hobby?

I don't understand? They are financial/investment decisions...for the rooftop solar, I invested $10,000 after rebates and tax credits to reduce my utility bill by $100 a month for 20-30 years. For the electric vehicles, I bought them for $14,000 in December and took a $13,000 tax credit for them in April. Both investments were perfectly legal and the tax credits were offered by the Federal government to entice people like me to take advantage of them. It bothers Fuzzy because he is just a jealous ankle biting .

The only real irony I saw in the US tax credits was that the solar panels and most of the equipment for the rooftop solar came from Canada and the electric vehicles came from Korea. They made Obamas' "green" buddies happy, though.

[boutons_deux]

\solar panels and most of the equipment for the rooftop solar came from Canada and the electric vehicles came from Korea. They made Obamas' "green" buddies happy, though.

the "Canadian" solar panels were made in China, if your panels are "Canadian Solar" brand.

US has imposed anti-dumping tariffs on Chinese panels, so maybe some US mfg will spring up.

btw, your "business buddies" paid govt to push for, achieve "globalization" which destroyed $Ts in US (solar panel) mfg and US jobs.

Do you know which Congress s (it wasn't Obama) who added the "golf cart" tax break to some bill? Obviously, golf carts have been electric forever, so the tax break wasn't a "consume less oil" angle.

[CosmicCowboy]

uhhhh Boooo...it's my house. I know where the panels came from.

@ my "business buddies"

and yeah Boo...the electric vehicle tax credit was Obama's all the way and he is still doing it. @ you trying to deflect "credit" to congress...

http://www.greencarreports.com/news/...gas-cars-added

[Th'Pusher]

uhhhh Boooo...it's my house. I know where the panels came from.

So did the pannels come from China or Canada?

[CosmicCowboy]

Last I checked Ontario was in Canada.

[boutons_deux]

Last I checked Ontario was in Canada.

My solar installer said "Canadian Solar" company's panels are Chinese

[Th'Pusher]

Looks like the bulk of the panels are manufactured in China, but they do have a manufacturing facility in Ontario. .

http://en.wikipedia.org/wiki/Canadian_Solar

[FuzzyLumpkins]

i see no irony. I do see a jealous ankle biting , though. I have literally paid over a million dollars in taxes so far. If your President wants to give tax credits for electric cars and residential solar systems to influence consumers behavior then I will be influenced and take advantage of the tax credit. Doing otherwise and intentionally paying more taxes than are owed would be stupid.

I'm not jealous of your lack of personal accountability. I get that you will follow the money no matter if you think there is a long term cost for everyone else; you don't need to explain it again. Not voting for nor pursuing government handouts is stupid, I get that you think that. You'll likely be dead in 20 years at this point so why stop now?

The Economist estimates that the average boommer has seen $1.3m in outlays on as opposed to what was contributed over their lifetime. We can bump that number up for you because you go out of your way to be a freeloader. You haven't retired yet like your brethren but soon your outlays will go much much higher as you start loading up on SS and medicare.

[CosmicCowboy]

I'm not jealous of your lack of personal accountability. I get that you will follow the money no matter if you think there is a long term cost for everyone else; you don't need to explain it again. Not voting for nor pursuing government handouts is stupid, I get that you think that. You'll likely be dead in 20 years at this point so why stop now?

The Economist estimates that the average boommer has seen $1.3m in outlays on as opposed to what was contributed over their lifetime. We can bump that number up for you because you go out of your way to be a freeloader. You haven't retired yet like your brethren but soon your outlays will go much much higher as you start loading up on SS and medicare.

You will get no argument from me. The whole en lement system is dumb but we have to take care of the poor, the stupid, and the old because we are a compassionate society LOL.. I'm sure my parents have probably gotten out at least 3X what they put in... my dads been collecting SS and Medicare for 30 years...

You crack me up. You are one angry little over baby boomers. And you can't do a ing thing about it

Bite me!

I have paid over a million dollars in taxes and you call me a freeloader. That's rich. How much have you paid, loser?

[FuzzyLumpkins]

You will get no argument from me. The whole en lement system is dumb but we have to take care of the poor, the stupid, and the old because we are a compassionate society LOL.. I'm sure my parents have probably gotten out at least 3X what they put in... my dads been collecting SS and Medicare for 30 years...

You crack me up. You are one angry little over baby boomers. And you can't do a ing thing about it

Bite me!

I have paid over a million dollars in taxes and you call me a freeloader. That's rich. How much have you paid, loser?

I just explained to you how on average your ilk takes $1.3m out and seeing how you seek government dole that number is up for you. I'm thinking you still owe $300k in back taxes. In slightly different shoes, you would be the first one in line for your Lonestar card but you want to tell us about how dangerous running up deficits is.

And you are not blind. My sentiment is not exactly novel and your generation is dying off. Good luck in the coming years.

[CosmicCowboy]

I just explained to you how on average your ilk takes $1.3m out and seeing how you seek government dole that number is up for you. I'm thinking you still owe $300k in back taxes. In slightly different shoes, you would be the first one in line for your Lonestar card but you want to tell us about how dangerous running up deficits is.

And you are not blind. My sentiment is not exactly novel and your generation is dying off. Good luck in the coming years.

So do you hate your parents too? Dirty stinking baby boomers...

[FuzzyLumpkins]

So do you hate your parents too? Dirty stinking baby boomers...

My parents taught me an ethic to take hand outs only as a last resort. You do not operate as they did.

I don't hate boomers as a matter of course. I go on a case by case basis. Maybe it's just Texas but there are a hole lot of freeloaders such as yourself that think that because you pay some tax you are en led to anything you can get your hands on. All the while you denigrate darkytown and the dole and about fiscal debt. That is the stereotype and I know that doesn't fit you exactly but when it chimes you resonate the frequency.

You are cliche frankly.

[CosmicCowboy]

My parents taught me an ethic to take hand outs only as a last resort. You do not operate as they did.

I don't hate boomers as a matter of course. I go on a case by case basis. Maybe it's just Texas but there are a hole lot of freeloaders such as yourself that think that because you pay some tax you are en led to anything you can get your hands on. All the while you denigrate darkytown and the dole and about fiscal debt. That is the stereotype and I know that doesn't fit you exactly but when it chimes you resonate the frequency.

You are cliche frankly.

freeloaders.

LOL

Tax deductions and credits are given by the government in an attempt to influence behavior that is supposed to be in the best interest if the country. In the case of the two tax credits I utilized they were promoting green energy as opposed to using fossil fuel. I'm quite puzzled why this gets your panties in such a wad.

Actually, you are the cliche of the bitter underemployed college graduate who wasted his parents money on a degree. Baby Boutons indeed.

[FuzzyLumpkins]

freeloaders.

LOL

Tax deductions and credits are given by the government in an attempt to influence behavior that is supposed to be in the best interest if the country. In the case of the two tax credits I utilized they were promoting green energy as opposed to using fossil fuel. I'm quite puzzled why this gets your panties in such a wad.

Actually, you are the cliche of the bitter underemployed college graduate who wasted his parents money on a degree. Baby Boutons indeed.

So you just double down on your rationalizations and then make up story's about me.

Yes freeloader. You seek out government handouts that you are eligible for. If you qualified for food stamps you would buy steak with it and tell us it was stupid to do otherwise.

[CosmicCowboy]

at you getting your panties in such a wad about legal and legitimate credits and deductions in the federal tax code.

Are you against Federal incentives promoting green energy?

[FuzzyLumpkins]

at you getting your panties in such a wad about credits and deductions in the federal tax code.

More like smh.

And I am not ignorant of accounting and in the end what you are doing ends up the same in the bottom line. If fact if you do it right it can be even better. You are also ignoring your other welfare like the cash for clunkers. What other dole have you taken advantage of?

[CosmicCowboy]

Yeah you are apparently very ignorant in accounting. That gobbledygoop you just spittled out doesn't even make sense Baby Boo.

I missed cash for clunkers because I didn't own any clunkers. I wasn't the one with the worthless degree

[boutons_deux]

Repugs LOVE big govt SPENDING with tax expenditures

GOP Hypocrites Busted For Trying to Add $310 Billion to the Deficit Via Tax Breaks

The next time a Republican even comes near climbing aboard the deficit cross, you have permission to laugh in their face. The party of paying for things has proposed $310 billion in permanent, unpaid for tax provisions today.The party of austerity for children, veterans, the elderly, and the sick claimed they were only cutting people off in order to be “Responsible with the Deficit”.

This is the same deficit that they told us didn’t matter when they were in charge, but after they fled responsibility in the wake of the 2008 crash as a Democratic President took office to clean up their mess, suddenly the deficit was all Republicans could think about. So sorry about your starving baby, but the DEFICIT.The DEFICIT is the number one priority, they somberly and relentlessly intoned any time they got near a microphone.And yet today, Republicans proposed tax provisions without offsets that Ranking Member Sander Levin (D-MI) points out would add “a combined $310 billion to the deficit,” which “represents more than half of the entire federal deficit this year.”

Republicans are trying to do exactly what got us into this mess, with unpaid for tax credits and give aways, after years of taking from the poor and the vulnerable in order to pay for their last go at Daddy’s credit card.

http://www.politicususa.com/2014/04/...iticus+USA+%29

All y'all redneck Repug voters have to be, REALLY are totally STUPID to believe the Repugs hate budgetary deficits and national debt

[CosmicCowboy]

Repugs LOVE big govt SPENDING with tax expenditures

GOP Hypocrites Busted For Trying to Add $310 Billion to the Deficit Via Tax Breaks

The next time a Republican even comes near climbing aboard the deficit cross, you have permission to laugh in their face. The party of paying for things has proposed $310 billion in permanent, unpaid for tax provisions today.The party of austerity for children, veterans, the elderly, and the sick claimed they were only cutting people off in order to be “Responsible with the Deficit”.

This is the same deficit that they told us didn’t matter when they were in charge, but after they fled responsibility in the wake of the 2008 crash as a Democratic President took office to clean up their mess, suddenly the deficit was all Republicans could think about. So sorry about your starving baby, but the DEFICIT.The DEFICIT is the number one priority, they somberly and relentlessly intoned any time they got near a microphone.And yet today, Republicans proposed tax provisions without offsets that Ranking Member Sander Levin (D-MI) points out would add “a combined $310 billion to the deficit,” which “represents more than half of the entire federal deficit this year.”

Republicans are trying to do exactly what got us into this mess, with unpaid for tax credits and give aways, after years of taking from the poor and the vulnerable in order to pay for their last go at Daddy’s credit card.

http://www.politicususa.com/2014/04/...iticus+USA+%29

All y'all redneck Repug voters have to be, REALLY are totally STUPID to believe the Repugs hate budgetary deficits and national debt

YOU have to be really stupid to think it's only Republicans piling on the pork. Doesn't matter the party affiliation....Neither will ever have the balls to deal with it until it becomes a crisis and bites them in the ass.