re: Rate cuts isn’t economic policy.Market needs to bleed,cut spending,lifestyles need change

You'd have to live in the exurbs of Houston to be able to find anything resembling a McMansion for $650k. And Houston is an 'affordable' big city. Maybe in the midwestern suburbs.

bullshite.
A kid just starting out gets hit for 1000+ per month in rent for a shite hole apartment
A kid just out of school needs a vehicle to get to that shite job that pays next to nothing. Even if said kid has a freebie beater car, they're still on the hook for outrageous monthly insurance.
That kid still needs to eat. Prices in the grocery store has tripled.


Yes, I agree theres ways to tighten the belt on monthly spending, but it disingenuous to call bullshite on kids today being behind the 8 ball trying to get the ball rolling on their adult life.

I am 68 in December; my Parents exceeded their Parents and my wife and I exceeded our Parents' wealth. Now I look at my 2 daughters approaching 40 and my grandkids, and I realize they will not exceed our success, breaking the chain. I think this is further proof that the American Dream is becoming just that, 'a dream', one that most young folks will not be able to obtain. Rising interest rates, cost of renting or buying a house, much less just renting an Apartment, is absurd. Trouble for young people, like my Daughters, they will try to match my lifestyle, but they will fail and just fall into debt. What my kids don't see is what I put away and the fact I even have a pension, things that are different or lacking today. Point of all this, I feel sorry for young people, especially the ones approaching their 30's and not taking work serious enough. No one said life would be easy and in this economy, scary times ahead for all...watch your money!

quote:

---

$35 Trillion and growing is not sustainable.

---

Their is no fixing this with the tools we have available.

Not taxes, not spending cuts, not a combination of.

We have no solutions.

We literally need a miracle (and those do happen).

Sadly, this is true

quote:

---

We need austerity.

---

What does this look like in the federal budget?



3 biggest chunks of the pie, no one will touch. No voters will support changing.

BS.....

Means you have no clue.

The problem is a Federal Government that spends like they run a printing press.

Stop spending bills that go to the favors for the Communists. Money for favors to the Union Bosses and not to the workers ...

Gut the Federal Government. Thousands of non producing GOVERMENT jobs is not productive employment. Most of the damned staff sits at home faking work anyway.

Trump showed the government what works.

Government ....get out of the lives of the public ....You have no business telling us what to drive, what to eat, and what utensils to use.

You communists have a problem with that? We'll go and defeat the Venezuelan military , take over and you can live frikking each other and your children. ...We'll make the il yours

quote:

---

bullshite.
A kid just starting out gets hit for 1000+ per month in rent for a shite hole apartment
A kid just out of school needs a vehicle to get to that shite job that pays next to nothing. Even if said kid has a freebie beater car, they're still on the hook for outrageous monthly insurance.
That kid still needs to eat. Prices in the grocery store has tripled.


Yes, I agree theres ways to tighten the belt on monthly spending, but it disingenuous to call bullshite on kids today being behind the 8 ball trying to get the ball rolling on their adult life.

---

Nah.

There are exceptions to everything, but I've been through this argument with people like you on here many times and the fact is that there are plenty of affordable places to live in the US. It may mean you have to take that first job in Kansas or Indiana instead of California or Denver.

It may mean you need to consider your training/degree carefully and think about future job prospects instead of just what you personally feel like you would enjoy doing.

It may mean you need to live in a duplex or even a trailer starting out, and/or you need to get a roommate (but that's what we're talking about, right? Just starting out?).

It may mean that your college strategy should involve two years at a junior college before transferring to the more expensive university to keep loan debt down.

It may mean living at home during as much of college as possible for the same reason.

It may mean eating a lot of beans and rice and spaghetti (cooked at home).

It may mean these and other things, but it's just not true that young people just starting out cannot afford to live.

That's self-evidently not true, or they would all be homeless within a year or two of graduating, and that's not happening.

I've posted a list of US cities on here before that have between 150,000 and 1.2 million residents (which means that they are big enough to offer opportunity for all kinds of different jobs) where housing prices and general cost of living are far below the national average, and that list was between 12-15 cities (and I'm sure there are more...that was the result of about an 8 minute search).

I'm sure it's true that kids can't go to any university they want for four years living in expensive-arse dorms/apartments, paying out of state tuition and running up massive school debt, major in early childhood education or history or kinesiology, take a job in downtown Denver (because it's rad) or Austin or near either coast, live by themselves in a nice apartment, eat out/order delivery like they got used to doing in college, and live within their budget.

I'm sure that's true.

But they aren't entitled to do that. Even if most people in previous generations could.

The thing about young people bitching about Boomers is that not long before the Boomers came of age life was a lot harder and there was a lot less opportunity and comfort for everyone, and the farther back you go from that point, the truer that becomes.

So it's not like life was free and easy for everybody until the Boomers came along and wrecked it. It's more like life was hard, life was hard, life was hard, life was hard, life was hard, life was hard, life was hard, life was hard, life was hard, life was hard, life was hard, life was hard, life was hard, life was hard, life was hard, life was hard, life was hard, life was hard, life was hard, life was hard, life was hard, life was hard, life was hard, O.k., now life is a little less hard, life is a little less hard, life is a lot easier now, life is a lot easier now, wait...now life is a little less easy than it was a minute ago.

It's just a blip in time.

And even in that context, young people today still have access to far more luxuries and toys and creature comforts and time saving mechanisms than previous generations.

Never put on a credit card what you can't pay back at the end of the month. It's not difficult actually.