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Which way is the economy going????

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Austin

Elite Member
Joined
Jan 16, 2002
Professional Status
Certified General Appraiser
State
Virginia
The significant thing about this report is not that things are going down hill. Sounds to me like things are steady as she goes, which is normal and expected. The problem is that the future of all of those government entitlements like SS, medicade, medicare, Federal retirement benefits, etc., are predicated on about a 3% compound growth in GDP continuing forever and it is not going to happen. If you planned on retiring at 65 and getting your monthly check and are 55 or younger, you can forget it. Remember all those Democrats you voted for that promised all of this stuff? They are all now at home making a couple hundred thousand a year in Federal retirement while you struggle to pay the taxes to keep the system pumping out the checks. They did it for the children. Ever seen the children get a government check?
 

Terrel L. Shields

Elite Member
Gold Supporting Member
Joined
May 2, 2002
Professional Status
Certified General Appraiser
State
Arkansas
Democrat or Republican, whats the difference any more? Current building in some areas cannot be sustained. My area is classic. Real pollution problems, landfill was closed for collapsing into Karst topography, Okla and Tulsa is suing us for polluting the lakes, when the fall comes, the 5000 SF homes will sell for one half the cost now.
 
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