Here is a question for the left wing college elite

By the way, 'Marxist Democrat' is as oxymoronic as a black cat that's white.

 

That is absolutely right. The recommendation is that you have 6 months of living expenses always available in cash savings so that you can weather a layoff or economic downturn.

Retirement goals are to have a mortgage free property, no big ticket loans for vehicles or college, some kind of retirement pension to cover at least 70% of your employment income all on top of social security. Unfortunately not many boomers currently reaching retirement are in that situation. Because of frequent layoffs and the Wall Street Casino's stripmining the wealth out of their 401k's and their homes they are going to struggle when they can no longer work or even find work.

As a semi retiree I am fortunate enough to have achieved all but one of those goals. Like everyone else my 401k was hammered and then an unanticipated expense put a serious dent in my savings. I expect to be able to recoup those losses within a decade but only because I don't have a mortgage or car payment. If I had those it simply would not be possible.

The fallacy that anyone working full time can manage their own 401k portfolio at the same time has been exposed. Only 20% of boomers have enough savings to retire comfortably. Another 20% literally have no savings whatsoever and the middle 60% are lucky if they have about half of what they are going to need.

The oldest of the boomer generation turned 70 last year and each and every year another 4 million or so will do the same. (This assumes all 80 million survive. We know that is not the case but it makes for easy round numbers.) If boomers did start retiring at 65 then there are already 20 million who should no longer be working but it is far more likely that 16 million of them are still working either full or part time jobs to make ends meet.

Now comes the interesting part. The elderly are the most prolific voting bloc and they will not stand for any slashing of the funding of their social security. This sets up a situation where there are a lot of aging angry boomers who are going to start punishing anyone who dares to mess with "their money" as the extremist alt right erroneously defines it. Bear in mind that these elderly will have moved to warmer southern states with lower costs of living and their votes could make the difference in federal elections over the next decade or so.

 

I don't have any mortgages or rent payments.. I just pay more taxes..

 

So you've presented nothing to refute my claims. Okay.

 

Of course 2001-200

Willful ignorance is *NOT* a survival trait. If you continue to keep your head buried in the sand something will bite your butt clean off.

 

Still nothing. Okay.

 

The three most basic tenets in the Communist Manifesto written by Marx are 1. class warfare, 2. redistribution of wealth, and 3. central planning of the economy.

You can't hear a Democrat speak today without mentioning all three, many times in the same sentence. It's all they have left to offer the American people.

Marxist and Democrat go together like vanilla ice cream and chocolate syrup!

 

You said:

I gave you everything you needed to know. A declining lfpr coupled with a low unemployment rate does not indicate a good economy.

A rising lfpr coupled with a low unemployment rate does indicate a good economy.

You don't even know how to calculate total jobs created and my guess is that you couldn't integrate a curve if you tried!

Stock market gains do not measure the private economy when the FED is pumping trillions of dollars into the economy via QE and keeping interest rates at zero.

The housing market failure was not driven by Bush, it was driven by Jimmy Carter and Bill Clinton, two facts you simply can't refute.

Bush had the deficit down to $161B before the Marxist Democrat housing bubble blew out and then Obama never got within three times that at hos lowest deficit!

Exactly what is it that you think I am not refuting?

 

I have heard this dogma before.

1.Class warfare? In the US is every individual tries to get ahead of every other individual. It is called competition. Fighting to get ahead by a class? That is called the NCAA..

2.Redistribution of Wealth? That happens in the US every day. It's called business

3.Central Planning? That is telling people what they are going to buy five years from now and how much. In The US people don't vote for what they want to buy in the ballot box. They vote in the showroom.

 

Stafford Loans are not meant to fund government jobs. Stafford Loans are available for a multitude of studies. The federal government funds preK-12th grade students who fail, drop out, go to jail, etc. At least Stafford recipients finished 13 years of primary and secondary education. Funding college for that group is much more financially scrupulous than funding high school students with failing grades and high drop out rates.
What happens to those who default? The IRSwill collect a significant portion of any and everything they earn, inherit, or have until the debt is paid.

 

Why the assumption I am left? I am very Libertarian.
There are no more 8 track manufacturers. No more Blockbusters. No more 35 mm cameras and film, no more blacksmiths.
Adapt or die. One must keep a desirable and marketable skill to make a good living.
You don't get laid off with no other options if you maintain a necessary and desirable skillset.

 

A shift in Capital from the US to China and other developing- and emerging-States. You've lost a total of 3.2 Million jobs to China alone:

Outsourcing to China Cost U.S. 3.2 Million Jobs Since 2001
https://www.usnews.com/news/blogs/d...g-to-china-cost-us-32-million-jobs-since-2001

That doesn't include the Millions of jobs lost to developing- and emerging-States.

The increase in federal minimum wage helped devastate the Export Sector, accelerating the shift in Capital.

It -- a massive shift in Capital -- will happen again when India ramps up its economy, and then Central Asia will follow up, with sub-Saharan Africa's emerging-States eventually advancing their economies, so get used to it.

 

Thanks to federal government policies.

That would be a great example of the failure of federal government policies.

Tax-payers should never be on the hook for 2nd and 3rd Mortgages, or Home Equity Loans.

Only about 25% of defaults were walk-aways. The vast majority of defaults were due to a decline in household income as the result of job losses.

 

Minimum wage is under $7.50/hr. These jobs can be done by anyone and require no skillset.
Mexican illegals make ore per hour.
If it is financially advantageous for businesses to outsource, they will. American politicians had better make it advantageous to operate here or business and revenue will continue to move elsewhere.
I think the Fair Tax would be a good starting point.

 

First set up a false dichodomy and then force a straw man argument on 'left wing college elite' based on that false dichodomy. Sounds like a winning tactical plan if everyone here is a recent graduate from 'Alphabet Soup KinderCare.' We aren't so you will get a lot of pages of denials and ridicule for your trouble. Next time try harder.

 

So everyone who has a degree in art history, gender studies, etc. will know how to repair an air conditioner?

 

So massive layoffs NEVER happen when the Wall Street Casino Bosses demand profits that cannot be achieved without slashing payrolls?

 

Technical jobs requiring less time in school with substantially cheaper tuition are in higher demand and pay more.

 

Really depends on what your degree is in and how much in demand is the skill set you have accomplished by your education.

 

I was thinking of a bachelors in a highly marketable field with high salaries for graduates, whatever that is.

For tuition I'd figure the average for good universities producing highly marketable graduates in that field.

 

The test is much more like an IQ test than a test that demonstrates learned information.
After 18-20 IQ scores remain relatively unchanged throughout one's entire life unless there is brain trauma or a degenerative neurological disorder. Education doesn't improve IQ once the brain is mature.

 

Tuition for "left wing college elites" averages $32k/year, so that would be $128,000 the McDonalds option individual would have ready to invest after four years diligently applying his college level intellect and dedication to the fast food business.

 

Where did you get 32k/yr?