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Drudge Retort: The Other Side of the News
Saturday, August 28, 2021

The clock is now ticking for millions of Americans who are set to face a series of stinging financial hardships in a matter of days, with the loss of federal protections against eviction and looming cuts to their weekly unemployment checks. ... The potential wave of evictions comes after the Supreme Court found the Biden administration's recent eviction moratorium to be unconstitutional, leaving the White House powerless to issue its own new directive protecting as many as 6.4 million households that are not current on their rents, according to federal survey data.

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Admin's note: Participants in this discussion must follow the site's moderation policy. Profanity will be filtered. Abusive conduct is not allowed.

So get ready for more homeless, and more empty housing.

Maybe it's time to stop letting corporations and foreign citizens to buy our homes and drive the prices up to insane levels.

#1 | Posted by SpeakSoftly at 2021-08-28 04:01 PM | Reply

Perhaps not letting Corps buy our politicians would help. Just spit-balling, here...

#2 | Posted by oldwhiskeysour at 2021-08-28 04:35 PM | Reply | Newsworthy 2

"So get ready for more homeless, and more empty housing."

Thanks, Capitalism!

#3 | Posted by snoofy at 2021-08-28 06:17 PM | Reply | Newsworthy 2

Biden says the economy is in good shape with low unemployment. Unemployment is continuing to fall. So what is the problem? Why are things worse now than other times when the unemployment rate was at 5.3%

#4 | Posted by jakester at 2021-08-28 07:19 PM | Reply

#4

Let's say a typical American falls behind on their bills for 6 months. Even if they are able to get back on their feet, how long do you think it would take to dig themselves out of that 6 month hole after paying the bills still coming in?

#5 | Posted by SunTzuMeow at 2021-08-28 07:55 PM | Reply

"Why are things worse now than other times when the unemployment rate was at 5.3%"

LOL

#6 | Posted by snoofy at 2021-08-28 08:03 PM | Reply

"Let's say a typical American falls behind on their bills for 6 months."

That is not a typical American.

There was financial assistance, and until last week, a rent moratorium. I think a lot of the problem is Americans being Americans: going into debt to buy cool gadgets like big screen TVs, boats, homes beyond their means. These people will definitely have to tighten their belts, sell some of their toys, drive that old car another two years.

Where there's a will, there's a way. I've been in the situation you described and got out of it. Yes, it took me two years after being unemployed for 5 months. And granted, I did not go into unreasonable debt nor did I buy a house I could not afford. But we did dig ourselves out of some tough times.

But unlike now, unemployment was much higher. That's why I was unemployed for so long. So I guess agree with the headline that Americans face a financial cliff. But there is no reason they have to go over it, at least for those who lived within their means.

#7 | Posted by jakester at 2021-08-28 08:17 PM | Reply

There was financial assistance, and until last week, a rent moratorium. I think a lot of the problem is Americans being Americans: going into debt to buy cool gadgets like big screen TVs, boats, homes beyond their means. These people will definitely have to tighten their belts, sell some of their toys, drive that old car another two years.

#7 | Posted by jakester

Real liberals don't go around posting republican talking points about how poor people are living it up with their big screen tvs.

You know how much a big screen tv costs? $200. Or $50 at a pawn shop.

#8 | Posted by SpeakSoftly at 2021-08-28 08:28 PM | Reply | Newsworthy 3

"That is not a typical American."

"I've been in the situation you described and got out of it."

If it's not a problem for me, it's not a problem.

Typical "liberal."

#9 | Posted by snoofy at 2021-08-28 08:33 PM | Reply | Newsworthy 2

#7

That's why I was unemployed for so long.

Yeah, the oil business can be cyclical, especially when you are on the Gulf.

#10 | Posted by bocaink at 2021-08-28 08:59 PM | Reply

Jake,

You're hitting the nail on the head.

A lot of people never really learned money management.

Don't live beyond your means.

#11 | Posted by BillJohnson at 2021-08-28 11:09 PM | Reply

#11 - living within one's means is as important, if not more so, as sound investment to ensure financial security.

#12 | Posted by jakester at 2021-08-28 11:13 PM | Reply

This covid thing is devastating.

So.....back to a question I proposed back at the start of the virus.

I knew we would be looking at millions and millions of people thrown into financial ruin likely for the rest of their lives.

So....was it a wise decision to shut down the economy to the extent that we did?

Has it been worth it?

What was the cost and benefit?

I'm not stating an opinion.

I'm asking a question.

#13 | Posted by BillJohnson at 2021-08-28 11:22 PM | Reply

What's your alternative, bill? Let people die for the sake of stock holders?

#14 | Posted by Alexandrite at 2021-08-28 11:26 PM | Reply | Newsworthy 1

Jake,

For a great many people there is no such thing as financial security even if you live within your means.

An ivory tower mentality is easy to get if you've never suffered financial hardship.

I've stolen food out of grocery stores to feed my family before things came together for me.

My heart goes out to people who were forced out of jobs because the economy was deliberately crashed.

#15 | Posted by BillJohnson at 2021-08-28 11:36 PM | Reply

because the economy was deliberately crashed

You're a conspiracy nut.

#16 | Posted by Alexandrite at 2021-08-28 11:37 PM | Reply

"So....was it a wise decision to shut down the economy to the extent that we did?"

We could have shut down the economy a lot better. Under the table workers got hung out to dry, as just one example. But shutting it down was necessary, to keep the health care system afloat.

Look what's happening to health care in the South now. Health care is on the brink. Because they are "business as usual."

#17 | Posted by snoofy at 2021-08-28 11:38 PM | Reply

"My heart goes out to people who were forced out of jobs because the economy was deliberately crashed."

Then you should open your pocketbook for them. You'd feel better.

#18 | Posted by snoofy at 2021-08-28 11:42 PM | Reply

Alex,

Stockholders?

Is that all you think this is about?

What a narrow and hardened view of things.

#19 | Posted by BillJohnson at 2021-08-28 11:43 PM | Reply

"Stockholders?
Is that all you think this is about?"

Did you miss the "let people die" part?

He's obviously thinking of, for example, the workers at Tyson who got COVID because Tyson execs didn't protect their workers.

#20 | Posted by snoofy at 2021-08-28 11:45 PM | Reply

Alex,

That is functionally exactly what happened.

The economy was deliberately crashed.

It was done because we were trying to reduce spreading.

But literally that is what occurred.

We killed the economy on purpose.

#21 | Posted by BillJohnson at 2021-08-28 11:50 PM | Reply

Alex,

Killing the economy wasn't the goal.

It's just what ended up happening and I knew it would happen as did lots of other people who were debating how to move forward.

#22 | Posted by BillJohnson at 2021-08-28 11:53 PM | Reply

Hey BillJohnson, read this:

"In Crescent City, the mortuary is filled beyond capacity and needs a refrigerated truck to hold bodies. The small hospital is so full that it is lining up helicopters to fly COVID-19 patients out of remote Del Norte County. So many employees are out with coronavirus infections that businesses have closed." www.latimes.com

So you see, you can close businesses and try to contain the pandemic, or you can ignore it and end up with businesses closed anyway. The only difference is how many people ------- DIE.

Don't you get that? Did you finish high school? Do you have a metal plate in your head, you twit?

#23 | Posted by snoofy at 2021-08-28 11:56 PM | Reply | Newsworthy 2

"We killed the economy on purpose."

It was that or kill people on purpose.

What's your call, BillJohnson?
You tell us.
You pompous ass.

#24 | Posted by snoofy at 2021-08-29 12:07 AM | Reply

Snoofy,

On purpose...

Consciously or unconsciously?

I'm not so sure how much I trust capitalist hating leftists who would sell their soul to implement a socialist agenda. (A lot already gave)

So I can't honestly answer your question how much i think was on purpose or not.

Certainly I think shutting down was not well thought out.

#25 | Posted by BillJohnson at 2021-08-29 07:47 AM | Reply

Snoofy,

I didn't read your question close enough but you get my point.

Or to put it another way.

How many thousand more lives would have justified preventing millions and millions and millions of people's lives torn asunder?

I mean...people might be alive but....many are suffering and its not stopping anytime soon.

Alex, it's not about the stockmarket although I am appalled how the super rich have soaked up more wealth at alarming rates during this period.

I have a 401k I don't want to see vanish. I'm certainly not rich.

#26 | Posted by BillJohnson at 2021-08-29 08:05 AM | Reply

Snoofy,

Due to the contagious nature of this thing, how much have we really stopped it with masks and social distancing?

That's still under scientific study.

#27 | Posted by BillJohnson at 2021-08-29 08:09 AM | Reply

Alex,

Let's not forget the economy that we killed was thriving with low unemployment. Even blacks were doing better.

All this under Trump.

Would it be conceivable that some people might utilize covid to stop it?

Come on...politics is dirty and people will go to amazing lengths to win.

Conspiracy? That might be the wrong word. I'd use the word opportunist.

#28 | Posted by BillJohnson at 2021-08-29 08:25 AM | Reply

*headdesk*

#29 | Posted by YAV at 2021-08-29 08:53 AM | Reply

Face it, Yav: you were killfiled for not falling for his latest ruse.

Turns out the Butthurt Brigade is full of nothing but snowflakes.

#30 | Posted by Danforth at 2021-08-29 09:21 AM | Reply

A great liberal, Eleanor Roosevelt once said,

"Great minds discuss ideas; average minds discuss events; small minds discuss people."

I wonder what the progressives are discussing right now.

#31 | Posted by jakester at 2021-08-29 09:25 AM | Reply

You're so noble, "Jakester."
You, great arbiter of "liberal" versus "progressive."
All bow down and worship the great Jakester!
He bestows his judgement!

LMAO!

#32 | Posted by YAV at 2021-08-29 09:30 AM | Reply

You're so noble, "Jakester."
You, great arbiter of "liberal" versus "progressive."
All bow down and worship the great Jakester!
He bestows his judgement!

LMAO!

#33 | Posted by YAV at 2021-08-29 09:30 AM | Reply

Face it, Yav: you were killfiled for not falling for his latest ruse.

Pretending he's here to discuss anything is ridiculous. He's a fraud and a troll, and not particularly good at the latter.

#34 | Posted by YAV at 2021-08-29 09:45 AM | Reply

Jake,

"I wonder what the progressives are discussing right now."

Themselves.

#35 | Posted by BillJohnson at 2021-08-29 10:10 AM | Reply

Jake,

They're saving humanity.

#36 | Posted by BillJohnson at 2021-08-29 10:11 AM | Reply

"Due to the contagious nature of this thing, how much have we really stopped it with masks and social distancing?"

We can't stop it with lockdowns. That was never the goal. We can only hope to contain it. The pandemic will persist until enough people are sick, dead, or vaccinated to bring R0 below one.

From the March 13 2020 US Government COVID-19 Response Plan: "A pandemic will last 18 months or longer and could include multiple waves of illness." That prediction has been proven accurate, because epidemiologist know how these things go.

The goal of the lockdowns is to keep the health care system from being overwhelmed. That's trade-off here. As waves hit, lockdowns are imposed, to protect the hospitals from being overrun.

I'd say we've been somewhat successful in achieving that goal. Furthermore, the main reason we are not doing better is Republicans continue to sabotage the plan on both ends. By not getting vaxxed, and by not locking down.

#37 | Posted by snoofy at 2021-08-29 10:12 AM | Reply

#37 - all completely factual and a reiteration of what has been said from the start. We have 14 refrigerated portable morgues on their way to Central Florida. I am past having words.

#38 | Posted by YAV at 2021-08-29 10:16 AM | Reply

Yav,

I never suggested there wasn't going to be deaths and lots of them.

So instead of deaths we're going to see thousands tossed out on the streets.

Something is going to snap.

The course America is on can't be maintained.

Politicians think in 2-4 year increments.

Really...the last 30 years has been a steady diet of short-term financial planning.

We're spending borrowed money and the rich are siphoning it off and then we just have to borrow more.

#39 | Posted by BillJohnson at 2021-08-29 10:24 AM | Reply

#39 So stop voting Republican, because Republicans #1 financial priority is to give the rich a bigger siphon.

#40 | Posted by snoofy at 2021-08-29 10:27 AM | Reply

Notice neither party will really solve the problem of the rich.

Biden will go after family and small businesses.

People who actually work for their money and reinvest much of it back into the economy.

The lower limit $400,000 for tax increases?

Not high enough.

Minimum $1M.

#41 | Posted by BillJohnson at 2021-08-29 10:32 AM | Reply

When are millions of Americans NOT on a financial cliff?

Seriously ... ..when is it not like that?

People with no insurance, no savings, credit card debt, behind on payments, etc.

It will always be that way

#42 | Posted by eberly at 2021-08-29 10:35 AM | Reply

"I'm not so sure how much I trust capitalist hating leftists who would sell their soul to implement a socialist agenda. (A lot already gave)"

You're calling epidemiologist capitalist hating leftists?

What's that coming from?

Does wanting to save lives mean you hate capitalism?

Does wanting to save lives mean you're a leftist?

Don't you vote Republican mostly because you want to save unborn lives?

#43 | Posted by snoofy at 2021-08-29 10:36 AM | Reply

#42 credit cards haven't always existed, Eberly.

#44 | Posted by snoofy at 2021-08-29 10:37 AM | Reply

" Biden will go after family and small businesses."

He's done exactly the opposite for families, and small business rules haven't changed, nor have changes been suggested.

Are you just making this up???

#45 | Posted by Danforth at 2021-08-29 10:37 AM | Reply

"The lower limit $400,000 for tax increases?"

You realize that profits, not gross income, right? Do you know the difference?

#46 | Posted by Danforth at 2021-08-29 10:39 AM | Reply

"Biden will go after family and small businesses"

Like you know anything about family and small businesses. Like you can show us the policy where Biden will go after family.

It's kinda hard to believe you read anything other than right wing propaganda. It might be easier to believe you're an AI that's doing a great job passing the Turing Test.

#47 | Posted by snoofy at 2021-08-29 10:40 AM | Reply

A fair job. A fair job at passing the Turing Test.

#48 | Posted by YAV at 2021-08-29 10:41 AM | Reply

Snoofy,

"So stop voting Republican"

It's not like Democrats are all that fiscally responsible themselves.

#49 | Posted by BillJohnson at 2021-08-29 10:43 AM | Reply

People with no insurance, no savings, credit card debt, behind on payments, etc.
It will always be that way
#42 | POSTED BY EBERLY

The pandemic highlighted how our system is designed to have about a third of the population on the edge, desperate enough to make fries and clean toilets for the rest of us.

#50 | Posted by schifferbrains at 2021-08-29 10:47 AM | Reply

#50 Great point. The pandemic also demonstrated how labor at the bottom end of the lay scale is some of the most necessary labor there is.

You're so Essential, you get minimum wage!

We call those low paying jobs Essential, but what we mean is those low paid workers are Expendable.

#51 | Posted by snoofy at 2021-08-29 10:54 AM | Reply

" It's not like Democrats are all that fiscally responsible themselves."

It was Republicans, without a single vote from Democrats, who chose to reset the fiscal sights of America from surpluses to deficits. Dubya was handed true surplus budgets, as far as the eye could see. By the time he left office, budget predictions were all in the red, and Dubya had rung up the largest deficits known to man since the dawn of time.

Try educating yourself; you'll spew less lies.

#52 | Posted by Danforth at 2021-08-29 10:55 AM | Reply | Newsworthy 1

Dan,

And individual...not joint.

#53 | Posted by BillJohnson at 2021-08-29 10:55 AM | Reply

"It's not like Democrats are all that fiscally responsible themselves"

Doesn't take much to be more fiscally responsible than Republicans!

Democrats are light years ahead of Republicans on fiscal responsibility.

#54 | Posted by snoofy at 2021-08-29 10:56 AM | Reply | Newsworthy 1

" And individual...not joint."

I have no idea what that means, or what it's referring to.

#55 | Posted by Danforth at 2021-08-29 11:00 AM | Reply

#52 For what it's worth, Bush II also oversaw the largest expansion of Federal government since... was it LBJ or FDR?

For years under Bush II, there was net job loss, and the only reason for overall job growth was government hiring.

Ask yourself why didn't you know that, BillJohnson.

#56 | Posted by snoofy at 2021-08-29 11:02 AM | Reply

Eberly's getting little too good at spray and pray drive bys that never hit the target.

#57 | Posted by snoofy at 2021-08-29 11:04 AM | Reply

"Drive by fruiting!"

#58 | Posted by YAV at 2021-08-29 11:13 AM | Reply

Dan,

Clinton can thank Newt Gingrich and a dot.com boom.

#59 | Posted by BillJohnson at 2021-08-29 12:27 PM | Reply

And Bush II can thank debt.
So what's your point?

#60 | Posted by snoofy at 2021-08-29 12:30 PM | Reply

Clinton definitely had the dot com boom in his favor. It was as instrumental to commerce as the railroads were in the 19th century. Like then, the president could do no wrong except maybe to allow the economy to run away and set the stage for recession. This happened a few years after the railroad boom and also a few years after the dot com boom. Indeed, the last few months of the Clinton administration saw the overheated economy starting to decline.

#61 | Posted by jakester at 2021-08-29 12:31 PM | Reply | Newsworthy 1

America has had fiat currency, backed by only the good faith of the United States, for many, many years...also called "riding the tiger" in economist circles! Republican serve as fiscal scolds, and Democrats try to print money until the press gimbals begin to smoke. Same as it ever was.

#62 | Posted by john47 at 2021-08-29 12:46 PM | Reply | Newsworthy 1

#62 - very true. Gold forces financial discipline. Yes, the gold standard has its bad side, namely it is more difficult to recover from the inevitable downturns. However, it of course doesn't bring with it the ills associated with fiat currency like unacceptable inflation caused by debt.

I think we should return to the gold standard (yes, I know that's all but impossible given the global economic models, so don't freak out and retort with your usual pejoratives Jakester obsessed ones) and bite the bullet when necessary rather than rape the cotton fields of the world.

#63 | Posted by jakester at 2021-08-29 12:57 PM | Reply

"Clinton can thank Newt Gingrich and a dot.com boom."

Well, unless you want to re-christen The Reagan Revolution as The Tip O'Neill Compromise, Presidents get the nod.

Regardless, someone had to be at the helm, and it was a Democrat, who handed Dubya true surplus budgets. And Cheney, Dubya, and the Republicans quickly passed two tax cuts, aimed at the wealthiest. The second one was the most lopsided I'd ever seen: a full 27% went to the richest 1%.

Well, that was the most lopsided...until the Trump code. At fruition, 83% will go to the world's wealthiest 1%, in the form of tax cuts. And since we're already running deficit budgets, that means the entire $2.3 Trillion is extra borrowing.

And all without a single Democratic vote. I'd put the blame squarely where it belongs.

#64 | Posted by Danforth at 2021-08-29 01:12 PM | Reply

"the ills associated with fiat currency like unacceptable inflation caused by debt."

If inflation is caused by debt, where has the inflation been during the last three decades of record debt?

#65 | Posted by Danforth at 2021-08-29 01:13 PM | Reply

"I think we should return to the gold standard (yes, I know that's all but impossible"

^
So you're saying, there's a chance!

Great minds discuss ideas I talk about, average minds discuss events I talk about, small minds discuss people I talk about -- "Jakester"

#66 | Posted by snoofy at 2021-08-29 01:20 PM | Reply

"Democrats try to print money until the press gimbals begin to smoke."

Serious question:
Can I see the numbers on this, going back to say 1975 or 1945?

#67 | Posted by snoofy at 2021-08-29 01:22 PM | Reply

And all without a single Democratic vote. I'd put the blame squarely where it belongs.
#64 | POSTED BY DANFORTH

Yea. But Jakesoff won't.

That guy is a fake and a liar.

He reminds me of past posters who pretended to be non partisan. Yet were always attacking Democrats, without a word of criticism for Republicans.

His "both sides are the same" schtik is also very familiar.

#68 | Posted by ClownShack at 2021-08-29 01:25 PM | Reply | Newsworthy 1

A lot of people never really learned money management.

Don't live beyond your means.

#11 | Posted by BillJohnson

This from the party that gave a ten trillion dollar tax cut to billionaires.

#69 | Posted by SpeakSoftly at 2021-08-29 03:02 PM | Reply | Newsworthy 1

"Don't live beyond your means."

People can't live beyond their means without someone giving them the means to live beyond their means.

When are you going to scold for the billionaires running the credit card companies and the banks?

You excel at seeing only one side of everything you look at. Possibly even better at it than JeffJ.

#70 | Posted by snoofy at 2021-08-29 03:13 PM | Reply

"This from the party that gave a ten trillion dollar tax cut to billionaires."

While running record deficits; let's not forget that.

#71 | Posted by Danforth at 2021-08-29 06:08 PM | Reply

The tighter the GOP squeezes the more voters become Democrats. Keep it up --------.

#72 | Posted by moder8 at 2021-08-29 08:13 PM | Reply

#72- and the more conservatives who vote Democrat, the further to the right the party moves.

Be careful what you wish for.

BTW, a progressive gleefully laughing about someone's death isn't likely to ingratiate anyone. Just saying.

#73 | Posted by jakester at 2021-08-29 08:19 PM | Reply | Newsworthy 1

^
I am saddened by the fact I can only plonk this bag of dicks once

#74 | Posted by ChiefTutMoses at 2021-08-29 09:39 PM | Reply

BTW, a progressive gleefully laughing about someone's death isn't likely to ingratiate anyone. Just saying.

#73 | POSTED BY JAKESTER

That really depends on who died and why doesn't it?

#75 | Posted by donnerboy at 2021-08-29 09:50 PM | Reply

I've been laughing a lot lately. Reading that Reddit thread on r/COVIDAteMyFace
Join will do that. Thanks to Kudzu.

#76 | Posted by YAV at 2021-08-29 10:55 PM | Reply

#75

You're right for once. Good f#$@ing riddance to Ed Asner.

#77 | Posted by willowby at 2021-08-29 11:07 PM | Reply

The hardest truth for most people to understand is that sometimes there is inevitability to events completely beyond the control of governments, corporations and communities. It is not an issue of who to blame. There is no blame. Only causes.

#78 | Posted by moder8 at 2021-08-29 11:47 PM | Reply

" Good f#$@ing riddance to Ed Asner."

Awww ... was he mean to your imaginary girlfriend, Mary?

#79 | Posted by Danforth at 2021-08-30 12:12 AM | Reply

was he mean to your imaginary girlfriend, Mary?

More likely he was just a "Leftist".

#80 | Posted by REDIAL at 2021-08-30 12:14 AM | Reply

Well, he believed workers should have rights ...

... so clearly he's an agent of the devil, right?

#81 | Posted by Danforth at 2021-08-30 12:16 AM | Reply

... so clearly he's an agent of the devil, right?

To Willowby? Probably.

#82 | Posted by REDIAL at 2021-08-30 12:18 AM | Reply

#80-82

Idiot far leftists, talking out their ass, assigning positions.

#83 | Posted by willowby at 2021-08-30 01:33 AM | Reply

Well Willowby, stop the assignment and guessing! Why did you say what you said? Put it out there so the guessing stops.

#84 | Posted by YAV at 2021-08-30 08:02 AM | Reply

When I hear or read people blathering on about the economy being shut down as this big horrible thing...
Then I read about trillionaires currently raking it in because of said pandemic... taking two separate trips into space while we are in the middle of a pandemic...
All I have to say is
KMA you filthy liars! GFY you greedy disgusting busturds.

As usual... the politicians start wagging their fingers at the working class as if the source of the problem because they are not managing their nonexistent fortunes better.
If the working class was managing their funds better the rich would not be rich. We live in a delusional "let your money work for you" usuary economics. You don't get to blame others for working within imposed credit/debt system when it fails because of its inherent flaws!! You are lying to feed the avarice of a few stinking pigs in a ------ sty.

You deserve to be hated, ridiculed and eventually slaughtered. Empires are overthrown as often from within as much as from the outside... sometimes it's even a combination. Perhaps this pandemic is the perfect storm moment.

Now let's return to worrying about what's going to happen to Afghanistan because a few billionaires heavily invested om that war are about to lose some money.

#85 | Posted by RightisTrite at 2021-08-30 09:17 AM | Reply

"Then I read about trillionaires currently raking it in because of said pandemic... taking two separate trips into space while we are in the middle of a pandemic..."

The economy is doing better than ever... if you're rich.

"Since 1975, practically all the gains in household income have gone to the top 20% of households."

^
Republicans hear that and say, if you're not in the top 20%, it's your own fault for being lazy and making bad decisions. Even as most Republicans aren't in the top 20%, so they must be lazy and made bad decisions.

Think about it for a minute: Republicans are asking us to take economic advice from people who are lazy and make bad decisions.

#86 | Posted by snoofy at 2021-08-30 09:35 AM | Reply

if you're not in the top 20%, it's your own fault for being lazy and making bad decisions.

According to Madbomber if you have a bag of recyclable bottles and a paper route you are in the global 20%.

#87 | Posted by REDIAL at 2021-08-30 10:08 AM | Reply

According to Madbomber if you have a bag of recyclable bottles and a paper route you are in the global 20%.

You don't even need to do that.

If you're currently collecting unemployment in the US, you're in the global 1%. If you're earning minimum wage and working full time, you're in the global 10%.

www.moneymanifesto.com

#88 | Posted by madbomber at 2021-08-30 12:02 PM | Reply

" If you're currently collecting unemployment in the US, you're in the global 1%"

In purchasing power, or raw dollars? One is a fair metric; the other is a pretense worldwide market prices are the same.

#89 | Posted by Danforth at 2021-08-30 01:20 PM | Reply

"If you're currently collecting unemployment in the US, you're in the global 1%"

Why are 99% of Earth inhabitants so lazy?

#90 | Posted by snoofy at 2021-08-30 01:27 PM | Reply

Welcome to the new Serfdom.

#91 | Posted by lee_the_agent at 2021-08-30 02:37 PM | Reply

"In purchasing power, or raw dollars? One is a fair metric; the other is a pretense worldwide market prices are the same."

Which one is the fair metric?

And why is it a fair metric?

#92 | Posted by madbomber at 2021-08-30 03:03 PM | Reply

"Welcome to the new Serfdom."

Is it your assertion that most serfs would regard being part of the 1% as being insufficient?

What percentage would, in your esteemed opinion, be sufficient?

#93 | Posted by madbomber at 2021-08-30 03:04 PM | Reply

" Which one is the fair metric."

Purchasing power, of course. Didn't you study numbers?

"And why is it a fair metric?"

Because the exact same numerical income, results in vastly different experiences across the globe.

#94 | Posted by Danforth at 2021-08-30 03:12 PM | Reply

I'd say we've been somewhat successful in achieving that goal. Furthermore, the main reason we are not doing better is Republicans continue to sabotage the plan on both ends. By not getting vaxxed, and by not locking down.

#37 | POSTED BY SNOOFY

Hear, Hear! Today's national COVID vaccination rate is 52.9%. If the other 47.1% would get on board we'd beat this thing. Won't happen with Louie Gohmert et al pushing Ivermectin. Seriously, why will people ingest horse dewormer, but won't take a vaccine?

#95 | Posted by El_Buscador at 2021-08-30 03:18 PM | Reply | Newsworthy 1

"Is it your assertion that most serfs would regard being part of the 1% as being insufficient?"

Would it be sufficient for you?

#96 | Posted by snoofy at 2021-08-30 03:19 PM | Reply

"Because the exact same numerical income, results in vastly different experiences across the globe."

So, If I wanted to re-create my house in Louisiana in Honduras, it would cost infinitely more.

Does that mean the cost of living in Honduras is more than in Louisiana? That the purchasing power of a dollar in Honduras is less than what it is in Louisiana?

#97 | Posted by madbomber at 2021-08-30 03:28 PM | Reply

"Would it be sufficient for you?"

Me?

I don't care what others consider to be sufficient for themselves. You do.

I can only tell you what is sufficient for me. And I've attained sufficiency.

#98 | Posted by madbomber at 2021-08-30 03:29 PM | Reply

"If I wanted to re-create my house in Louisiana in Honduras, it would cost infinitely more. "

WTF are you taking about? Average COL in Honduras is almost 35% than in the USA.
www.mylifeelsewhere.com

"...the purchasing power of a dollar in..."

Two clients of mine moved to the Philippines to open an orphanage. The wife tutored from a home office, and while doing their taxes, I noticed she hadn't given me an expense for heating and cooling.

She said it's because they had no heating or cooling costs.

They invited me to visit, telling me a 2-hr massage was $5, and a high-end restaurant meal with drinks was $10-$12 for two people.

Does a dollar buy the same where you live?

#99 | Posted by Danforth at 2021-08-30 03:46 PM | Reply

"I can only tell you what is sufficient for me."

Tell us if being at the low boundary of the top 1% is sufficient for you.

#100 | Posted by snoofy at 2021-08-30 03:47 PM | Reply

Hear, Hear! Today's national COVID vaccination rate is 52.9%. If the other 47.1% would get on board we'd beat this thing. Won't happen with Louie Gohmert et al pushing Ivermectin. Seriously, why will people ingest horse dewormer, but won't take a vaccine?

#95 | Posted by El_Buscador

And DeathSantis shills expensive Regeneron treatments once they've already been infected. HM ...

"An ounce of prevention is worth a pound of cure"

Free preventative shots vs very expensive Regeneron treatments

#101 | Posted by AMERICANUNITY at 2021-08-30 03:53 PM | Reply

"WTF are you taking about? Average COL in Honduras is almost 35% than in the USA."

Really?

So If I wanted to buy my BMW X3, or granite countertops for my house, or a Subzero refrigerator, these items would cost 35% less in Honduras?

#102 | Posted by madbomber at 2021-08-30 03:57 PM | Reply

"Tell us if being at the low boundary of the top 1% is sufficient for you."

Globally or in the US?

#103 | Posted by madbomber at 2021-08-30 03:58 PM | Reply

"So If I wanted to buy my BMW X3, or granite countertops for my house, or a Subzero refrigerator, these items would cost 35% less in Honduras?"

Singular Items you choose to pay more for to get cache will cost whatever the market bears.

Once that's done, general cost of living is 34.9% less than the USA for the same lifestyle.

#104 | Posted by Danforth at 2021-08-30 04:03 PM | Reply

>Seriously, why will people ingest horse dewormer, but won't take a vaccine?

If you take the vaccine, you give up a touchdown to the other team.
If you take the dewormer, you force them to punt (and ---- your pants at the store).

#105 | Posted by schifferbrains at 2021-08-30 04:07 PM | Reply

"Once that's done, general cost of living is 34.9% less than the USA for the same lifestyle."

How can you say it's the same lifestyle when it's not the same lifestyle?

I mean, you can say that a meal at a restaurant is 35% less. That's pretty meaningless if everything else costs more. I don't know that you're going to be able to make up the difference in discount maid service. And when I was there, groceries weren't priced that different than in the US. At least not where I shopped.

#106 | Posted by madbomber at 2021-08-30 04:13 PM | Reply

#106 - there are things one doesn't even think of when talking about the lower cost of living. Most households can't even flush their toilet paper. The paper is too crude plus the sewage systems can't handle it. So you have to put it in a bin generally kept next to the toilet. Then there are the inferior roads, the corruption, so many things that the "35% cheaper" meme doesn't address.

You're right, Madbomber, it may be cheaper, but it's not the same standard of living.

#107 | Posted by jakester at 2021-08-30 05:00 PM | Reply

Tell us if being at the low boundary of the top 1% is sufficient for you.
#100 | POSTED BY SNOOFY

Globally or in the US?
#103 | POSTED BY MADBOMBER

^
Now that's funny!

#108 | Posted by snoofy at 2021-08-30 05:54 PM | Reply

" How can you say it's the same lifestyle when it's not the same lifestyle?"

Take it up with the folks at the link I provided.

Meanwhile, pretending a dollar buys the same thing in New York City as it does in the Philippines is borderline moronic.

#109 | Posted by Danforth at 2021-08-30 06:59 PM | Reply

"You're right, Madbomber, it may be cheaper, but it's not the same standard of living."

Living in Greece is 30% advertised as being cheaper than anywhere else in the EU. But like you said, you can't flush the toilet paper. It goes in the trash. And the roads on Crete, my favorite are, can be scary as hell.

My decision to live in Crete would be based on the fact that Crete is awesome. But like I said, if I wanted to replicate the house I own in Louisiana in Crete, it would cost me infinitely more that my house in Louisiana.

#110 | Posted by madbomber at 2021-08-30 10:31 PM | Reply

"Living in Greece is 30% advertised as being cheaper than anywhere else in the EU. But like you said, you can't flush the toilet paper. It goes in the trash."

Well, if that doesn't prove costs aren't 30% less, nothing does.

#111 | Posted by Danforth at 2021-08-30 10:35 PM | Reply

" if I wanted to replicate the house I own in Louisiana in Crete, it would cost me infinitely more that my house in Louisiana."

Well, yeah, if you insisted importing everything from back home.

#112 | Posted by Danforth at 2021-08-30 10:39 PM | Reply

"Well, yeah, if you insisted importing everything from back home."

It doesn't matter where you import it from.

If you want a subzero refrigerator and granite countertops, there is no cheap place to import them from. It's all going to have to be special order, which means it's going to cost more.

#113 | Posted by madbomber at 2021-08-30 10:41 PM | Reply

"If you want a subzero refrigerator..."

...you're a chump. They're one of the worst values on the market, second only to Viking.

"...and granite countertops"

You're cherry-picking. Sure, if you insist on rare products, you'll pay world rates. Once you get beyond those select items, you'll get to the advertised savings.

But again, even pretending a dollar goes as far in NYC as in your area of Louisiana is ludicrous. And pretending a dollar buys the same thing everywhere, is at the center of your silly representation of the world's 1%.

#114 | Posted by Danforth at 2021-08-30 10:58 PM | Reply

"if I wanted to replicate the house I own in Louisiana in Crete, it would cost me infinitely more that my house in Louisiana."

^
I don't think you know how infinity works.

#115 | Posted by snoofy at 2021-08-30 11:12 PM | Reply

Who needs toilet paper when you have a bidet?

You are a poor allocation of taxpayer resources, MadBomber.

#116 | Posted by snoofy at 2021-08-30 11:14 PM | Reply

"You are a poor allocation of taxpayer resources, MadBomber."

And you're not?

#117 | Posted by madbomber at 2021-08-31 10:08 AM | Reply

I certainly cost them far, far less. And probably yield a better ROI.

#118 | Posted by snoofy at 2021-08-31 10:10 AM | Reply

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