Comments on: Do We Dare Say The “R” Word? http://www.ezgreatlife.com/2008/05/23/do-we-dare-say-the-r-word Family, Fitness & Finances Thu, 20 Nov 2008 17:46:00 +0000 http://wordpress.org/?v=abc By: gailcav http://www.ezgreatlife.com/2008/05/23/do-we-dare-say-the-r-word#comment-414 gailcav Thu, 05 Jun 2008 21:28:18 +0000 http://www.ezgreatlife.com/?p=79#comment-414 You raised some very interesting points. I live in a tourist area and people were saying several months ago that they have never seen business so slow. The people in this industry said when there were rumors of a recession, that this area is usually not affected by a recession. Well, now people are complaining that business is very slow and most events are not well attended. I think we are in a recession. You raised some very interesting points. I live in a tourist area and people were saying several months ago that they have never seen business so slow. The people in this industry said when there were rumors of a recession, that this area is usually not affected by a recession. Well, now people are complaining that business is very slow and most events are not well attended. I think we are in a recession.

]]> By: Genie http://www.ezgreatlife.com/2008/05/23/do-we-dare-say-the-r-word#comment-406 Genie Tue, 03 Jun 2008 02:29:23 +0000 http://www.ezgreatlife.com/?p=79#comment-406 Its true that Social Security and other "entitlements" [they aren't really entitlements, since our tax dollars are collected separately to pay for them]are connected to the cost of living, but it is highly unlikely that the payouts would be 70% higher. The cost of living might be 70% higher, but that would only equate to a 2-4% raise in the payouts per year. The real reason that the government keeps changing the way the cost of living is calculalted is that no government would want to take "credit" for this fiasco. And they wouldn't want talk about the real situation at election time. It is scary, but just wait until the current cost of transportation catches up with us next year! This is just the beginning. Its true that Social Security and other “entitlements” [they aren't really entitlements, since our tax dollars are collected separately to pay for them]are connected to the cost of living, but it is highly unlikely that the payouts would be 70% higher. The cost of living might be 70% higher, but that would only equate to a 2-4% raise in the payouts per year. The real reason that the government keeps changing the way the cost of living is calculalted is that no government would want to take “credit” for this fiasco. And they wouldn’t want talk about the real situation at election time. It is scary, but just wait until the current cost of transportation catches up with us next year! This is just the beginning.

]]> By: John http://www.ezgreatlife.com/2008/05/23/do-we-dare-say-the-r-word#comment-370 John Wed, 28 May 2008 02:13:36 +0000 http://www.ezgreatlife.com/?p=79#comment-370 Well, time will tell. Unfortunately, Mr. Buffett has a pretty good track record of being right on all things financial. Thanks for stopping by and for the feedback! I really appreciate it. Well, time will tell. Unfortunately, Mr. Buffett has a pretty good track record of being right on all things financial. Thanks for stopping by and for the feedback! I really appreciate it.

]]> By: John http://www.ezgreatlife.com/2008/05/23/do-we-dare-say-the-r-word#comment-368 John Wed, 28 May 2008 02:07:29 +0000 http://www.ezgreatlife.com/?p=79#comment-368 Great points Blake. But I'm afraid this latest round of economic problems may not be enough to convince many Americans to change anything. Especially if we recover somewhat quickly. People seem to have short term memory loss. As soon as the immediate crisis passes, we seem to jump right back on the spending train where we got off. Great points Blake. But I’m afraid this latest round of economic problems may not be enough to convince many Americans to change anything. Especially if we recover somewhat quickly. People seem to have short term memory loss. As soon as the immediate crisis passes, we seem to jump right back on the spending train where we got off.

]]> By: John http://www.ezgreatlife.com/2008/05/23/do-we-dare-say-the-r-word#comment-367 John Wed, 28 May 2008 02:02:35 +0000 http://www.ezgreatlife.com/?p=79#comment-367 Once again you offer some great food for thought for our readers. So how do you think we can get off this economic merry-go-round? Once again you offer some great food for thought for our readers. So how do you think we can get off this economic merry-go-round?

]]> By: Rick Vaughn http://www.ezgreatlife.com/2008/05/23/do-we-dare-say-the-r-word#comment-361 Rick Vaughn Sun, 25 May 2008 16:41:18 +0000 http://www.ezgreatlife.com/?p=79#comment-361 Good post John! I heard yesterday that Warren Buffett seems to think we are in for a "long, protracted" recession. I know the guy is a genius but I hope he is wrong on this one. Good post John!

I heard yesterday that Warren Buffett seems to think we are in for a “long, protracted” recession. I know the guy is a genius but I hope he is wrong on this one.

]]> By: Apollo http://www.ezgreatlife.com/2008/05/23/do-we-dare-say-the-r-word#comment-359 Apollo Sat, 24 May 2008 16:00:39 +0000 http://www.ezgreatlife.com/?p=79#comment-359 Hi John, yes you are right the government does increase payouts with the rate of inflation and therefore an artificially low inflation rate will save several billions of dollars but makes life for those who depend on those programs that much more difficult which will have an even greater negative impact on the economy as a whole. Therefore the few billion dollars saved on the programs are more than offset by the total negative economic impact of the artificial low inflation rates and in real life costs the government even more. Most parties involved only chose to look at half the picture and mostly only the half that will favor their case. This failure or ignorance to see the full picture is the source of the negative events that will accompany the ignorance which carries a very high price tag. Hi John, yes you are right the government does increase payouts with the rate of inflation and therefore an artificially low inflation rate will save several billions of dollars but makes life for those who depend on those programs that much more difficult which will have an even greater negative impact on the economy as a whole. Therefore the few billion dollars saved on the programs are more than offset by the total negative economic impact of the artificial low inflation rates and in real life costs the government even more. Most parties involved only chose to look at half the picture and mostly only the half that will favor their case. This failure or ignorance to see the full picture is the source of the negative events that will accompany the ignorance which carries a very high price tag.

]]> By: Blake http://www.ezgreatlife.com/2008/05/23/do-we-dare-say-the-r-word#comment-358 Blake Sat, 24 May 2008 14:59:29 +0000 http://www.ezgreatlife.com/?p=79#comment-358 It does seem to be a perfect storm of conditions that we currently face. As unpleasant as it is, though, we should be much better for it in the long run. The credit crisis should convince millions of Americans that we can't live beyond our means, spending more than we make. Hopefully we will see a change, if only slightly, in the American tradition of over the top consumerism. Also, the energy situation, as dire as it seems, is doing wonders for the alternative energy and green products. We're only seeing the beginning of an enormous shift in how the world powers itself, and it should bring huge benefits to the future economy. It does seem to be a perfect storm of conditions that we currently face. As unpleasant as it is, though, we should be much better for it in the long run. The credit crisis should convince millions of Americans that we can’t live beyond our means, spending more than we make. Hopefully we will see a change, if only slightly, in the American tradition of over the top consumerism. Also, the energy situation, as dire as it seems, is doing wonders for the alternative energy and green products. We’re only seeing the beginning of an enormous shift in how the world powers itself, and it should bring huge benefits to the future economy.

]]> By: John http://www.ezgreatlife.com/2008/05/23/do-we-dare-say-the-r-word#comment-356 John Sat, 24 May 2008 12:24:06 +0000 http://www.ezgreatlife.com/?p=79#comment-356 @Cully - Good point! Thanks for pointing that out to us! @Cully - Good point! Thanks for pointing that out to us!

]]> By: John http://www.ezgreatlife.com/2008/05/23/do-we-dare-say-the-r-word#comment-355 John Sat, 24 May 2008 12:23:09 +0000 http://www.ezgreatlife.com/?p=79#comment-355 @Sue - Thanks for your kind words! I knew I would get mixed reactions. Who wants to read about gloom and doom. I just feel it's so important and what's going on in our economy is affecting so many people. I'm glad you were able to eek out a laugh! @Sue - Thanks for your kind words! I knew I would get mixed reactions. Who wants to read about gloom and doom. I just feel it’s so important and what’s going on in our economy is affecting so many people. I’m glad you were able to eek out a laugh!

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