World collapse is coming! What are you going to do?

[Rampent]

It's going to snow in the next few weeks, the whole of the country will grind to a halt anyway........

 

But everybody is going mad on the 99% deal, I'm really getting worried and stuff.

[Harleyman]

But everybody is going mad on the 99% deal, I'm really getting worried and stuff.

 

 

 

I wouldn't get an ulcer worrying over this 99% stuff which is really a slogan somebody came up with and painted on a signboard

 

Here are some other percentages.

 

The national unemployment rate in America is 9.1%

In Caliifornia it's actually 11 %

 

7.5% of the population live below the poverty line. That's around 40 million people. The poverty level is calculated on a family of four with an income of less than 24,000 dollars a year.

 

3% of the population are the wealthiest and it's probably true that they dont pay enough in taxes

 

That leaves 80.4% which can be broken down as follows based on an average sized family of four (either 1 or both parents working with 2.5% kids as dependents) and with the following yearly incomes:

 

25,000 -40,000 dollars income......" working poor" to "borderline working poor"

 

45,000 -200,000 dollars income....."average" to "somewhat above average"

 

Above 200,000 dollars income......."upper income bracket" but not wealthy either if the income is below say 700,000 per year

 

Of course there are a lot of variables to all this but on the other hand it doesnt exactly point to 1% having everything and 99% nothing at all but it does make for a good slogan to rally behind

[Rampent]

I wouldn't get an ulcer worrying over this 99% stuff which is really a slogan somebody came up with and painted on a signboard

 

Here are some other percentages.

 

The national unemployment rate in America is 9.1%

In Caliifornia it's actually 11 %

 

7.5% of the population live below the poverty line. That's around 40 million people. The poverty level is calculated on a family of four with an income of less than 24,000 dollars a year.

 

3% of the population are the wealthiest and it's probably true that they dont pay enough in taxes

 

That leaves 80.4% which can be broken down as follows based on an average sized family of four (either 1 or both parents working with 2.5% kids as dependents) and with the following yearly incomes:

 

25,000 -40,000 dollars income......" working poor" to "borderline working poor"

 

45,000 -200,000 dollars income....."average" to "somewhat above average"

 

Above 200,000 dollars income......."upper income bracket" but not wealthy either if the income is below say 700,000 per year

 

Of course there are a lot of variables to all this but on the other hand it doesnt exactly point to 1% having everything and 99% nothing at all but it does make for a good slogan to rally behind

 

Thanks for that. Made my stella brain think a little. But the bold is a worry to me.

[Harleyman]

Thanks for that. Made my stella brain think a little. But the bold is a worry to me.

 

If they'll ever pay more or not is far from certain. However even if they did pay more would this do anything substantial to ease the budget deficit when we're talking billions, sorry.... trillions.

 

We need to look at government waste which if you could get a detailed report would knock your socks off.

 

Just looking at the wastage and mismanagement in defence spending alone must be a horror story.

 

Sometimes we get glimpses of it via the media like the Air Force paying a few hundred dollars for an ashtray which isn't worth 20.

 

Rip-offs are the key words and there are plenty going on.

[Rampent]

If they'll ever pay more or not is far from certain. However even if they did pay more would this do anything substantial to ease the budget deficit when we're talking billions, sorry.... trillions.

 

We need to look at government waste which if you could get a detailed report would knock your socks off.

 

Just looking at the wastage and mismanagement in defence spending alone must be a horror story.

 

Sometimes we get glimpses of it via the media like the Air Force paying a few hundred dollars for an ashtray which isn't worth 20.

 

Rip-offs are the key words and there are plenty going on.

 

Are the capitalists or the socialists to blame though?

[Harleyman]

Are the capitalists or the socialists to blame though?

 

 

Neither particularly and there is no socialist party in the US by the way no matter what the Tea Party claim about the Obama administration and the Democrats

 

It works like this. When the Democrats are in power the Republicans attack them for overspending which they do

When the Republicans are in power they overspend anyway

[Rampent]

Neither particularly and there is no socialist party in the US by the way no matter what the Tea Party claim about the Obama administration and the Democrats

 

It works like this. When the Democrats are in power the Republicans attack them for overspending which they do

When the Republicans are in power they overspend anyway

 

Grabbed. Is the tea party held in Boston?

[Vague_Boy]

Euro meltdown would pave the way for another Great Depression [The Independent, 17 October 2011]

 

Europe's lost decade as $7 trillion loan crunch looms [The Telegraph, 16 October 2011]

 

10 Essential Fiscal Charts Demonstrating America's Disastrous Condition [Pew Policy Institute, PDF link]

 

UK economy brought to grinding halt by euro crisis [The Telegraph, 17 October 2011]

 

Economic Crisis in Europe; Unpayable Debts, Impending Financial Insolvency [The Market Oracle, 16 October 2011]

 

Move along, nothing to see here.

[PeteMorris]

Such doom and gloom...I was in a pretty good mood before I read this thread....Think I'll go and listen to a Chris Rea album and ..... and......"where's that razor blade!!!"....lol

[esme]

Mod Note

 

Posts deleted for masked swearing.