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Ignore newhomebuyer7
Registered Mar 18, 2010

newhomebuyer7's most recent comments:

• On 17 Mar 2011 in 112 trillion in unfunded liabilities... HOw to hedge?, newhomebuyer7 said:

  MarkInSF says

  justme says

  I think everyone should understand that while unfunded TAX BREAKS are a problem, the 112T is also just a misleading scare tactic.

  This study found that the cost of the tax cuts was $10T. That was back with the discount rates used were ~6%. At 2.9% it’s roughly double that.
  So even if the Bush tax cuts were left to expire, there would still be a huge gap. Let it expire for just the top bracket, like Obama was proposing, and you’re talking 1/3 of that.
  http://www.cbpp.org/cms/index.cfm?fa=view&id=1713
  Taxes are going to have to go up, but that will only partly solve the problem. Something has to give with medical costs.

  Thank you for the constructive replies and information. So we still have a major issue even if we increase taxes. 1/3rd of a gap of 123 trillion is still huge (41 trillion). Thanks for offering useful information and refraining from name calling and belittling those who don't have some of the information you have produced.

• On 17 Mar 2011 in 112 trillion in unfunded liabilities... HOw to hedge?, newhomebuyer7 said:

  justme says

  I call bullshit on this one.

  My take on this is that the poster (newhomebuyer7) and the web site (usdebtclock.org) are full of it. Until they define their terms (”unfunded liabilities”) and show their calculations, this will be my assumption.

  What is it with so many self absorbed, self worshiping, narcissists who just assume they have an extreme level of hyper intelligence because they don't understand something so everyone else must be wrong. If the information is wrong or you have information to add to the discussion great! I'll review it! I want to grow, learn, and become more educated. But to name call, cuss, and pretend like you are an intellectual is pure non-sense until you can refute the information. But using third grade name calling tactics is easier.

• On 10 Mar 2011 in 112 trillion in unfunded liabilities... HOw to hedge?, newhomebuyer7 said:

  I will have to research this a lot more. I'm not sure economic output = cash on hand to pay liabilities. I would think economic output = a lot of non-liquid goods and services. Perhaps not. Do you have a link or author who can explain how a tax increase of 15% will allow us to pay 112 trillion in liabilities? I know the devil is in the detail and I don't mind reading through data. I just haven't run into anyone mainstream that has offered a good answer.