A new role for the 1%

[tiptoedaisy]

A whole lot of us are stuck with credit-card debt that goes up each month, mortgages worth more than our homes and student loans that extend into infinity. So it's only natural that we look at the debt crisis from the bottom up: from the perspective of the 99% who are getting screwed.

But what if we instead looked at this whole mess from the top down, from the point of view of the 1%: the billionaires and venture capitalists in Mitt Romney's world? Maybe, just maybe, their problem is our problem.

In fact, as I have come to see it, short of civilization-ending revolution, solving the debt crisis might actually mean saving the 1%.

www.cnn.com/2012/03/08/opinion/rushkoff-one-percent/index.html?hpt=hp_bn9

[Bluerobin]

You only have to look in the mirror, to find who to blame. Don't spend what you don't have.

[maxi snoopy dog]

Why are you taking out more debts than you can afford to pay back? Don't take on debt if you can't afford it.

[mox]

Too many people live beyond their means (I am not one of them)...champagne tastes on a beer budget. You really DO have to save for that rainy day, cuz it is POURING right now.

[gavinsnanna]

;D

Mar 13, 2012 8:22:08 GMT -5 @mox said:

Too many people live beyond their means (I am not one of them)...champagne tastes on a beer budget. You really DO have to save for that rainy day, cuz it is POURING right now.

Yep and gas prices will only continue to rise. Obama's rating a low 41%.

If gas continues to rise, which it will... he will be a one term President
Not to mention the "made up war" on women is back firing.. ;D He might need to start packing! ;D

[gavinsnanna]

Mar 13, 2012 7:53:41 GMT -5 Bluerobin said:

You only have to look in the mirror, to find who to blame. Don't spend what you don't have.

Obama.. stop spending what Americans don't have!

[a]

Tell it to the House of Representatives, they make appropriations, initiate spending bills.
appropriations.house.gov/

Article One of the United States Constitution
www.law.cornell.edu/constitution/articlei

[lonewolf]

Mar 13, 2012 18:28:15 GMT -5 @gavinsnanna said:

Mar 13, 2012 7:53:41 GMT -5 Bluerobin said:

You only have to look in the mirror, to find who to blame. Don't spend what you don't have.

Obama.. stop spending what Americans don't have!

Good One!!!!

But we, the 99%, are the only ones who can show them the way. We need to begin by abandoning the fruitless quest for gainful corporate employment, and instead start working for ourselves and one another. We must stop outsourcing our savings and investments to bankrupt corporations, and instead invest in the people and businesses in our own communities -- however we define those.

Now this makes total sense to me.
My brother was just telling me that there is a Russian community of people in his city that is dependent upon themselves.
Everyone goes to the Russian barber, hairdresser, fruit stand, etc. If you need a babysitter, you look within the community. If you need to borrow money there is a place to get it.
The community is prospering.
We need to think more like this.

[steff]

Mar 22, 2012 18:35:17 GMT -5 lonewolf said:

Mar 13, 2012 18:28:15 GMT -5 @gavinsnanna said:

Obama.. stop spending what Americans don't have!

Good One!!!!

But we, the 99%, are the only ones who can show them the way. We need to begin by abandoning the fruitless quest for gainful corporate employment, and instead start working for ourselves and one another. We must stop outsourcing our savings and investments to bankrupt corporations, and instead invest in the people and businesses in our own communities -- however we define those.

Now this makes total sense to me.
My brother was just telling me that there is a Russian community of people in his city that is dependent upon themselves.
Everyone goes to the Russian barber, hairdresser, fruit stand, etc. If you need a babysitter, you look within the community. If you need to borrow money there is a place to get it.
The community is prospering.
We need to think more like this.

You mean like the Hispanics who are constantly bitched about because they won't assimilate? Because they have their own community based around their own culture?

[Forever Sunshine]

Or like Little Italy back in the day. The Irish did this as well way back when. I'm sure in some areas of the country this is still a common practice.

[lonewolf]

Mar 22, 2012 18:41:48 GMT -5 steff said:

Mar 22, 2012 18:35:17 GMT -5 lonewolf said:

Good One!!!!




Now this makes total sense to me.
My brother was just telling me that there is a Russian community of people in his city that is dependent upon themselves.
Everyone goes to the Russian barber, hairdresser, fruit stand, etc. If you need a babysitter, you look within the community. If you need to borrow money there is a place to get it.
The community is prospering.
We need to think more like this.

You mean like the Hispanics who are constantly bitched about because they won't assimilate? Because they have their own community based around their own culture?

Yes. The only problem, if it is one, is that communities like this are finding ways to not pay taxes.

[a]

Must be taking their ques from big corporations....

[Flying Horse]

And the 1% who pay less taxes than a lowly secretary.

[Flying Horse]

As for gas prices, just what would you have Obama do? It's the oil companies and Goldman Sachs speculators who set the price of oil, not the president.
I've got an idea - let's nationalize the oil industry and then all those obscene profits they make could go to paying off our natinal debt.

[a]

An Obama hater, like a Bush hater, is gonna' hate no matter what.

[Bluerobin]

Bush II is number one on my all time worst presidents' list, but Barry is closing fast. Both have several lengths on Carter. The really scary part is the Pubs still don't have anyone who can beat Obama.