This is a good graphic of where the federal aid goes. If the federal budget was slashed to the bone, as many are in favor of, where does YOUR State get the money to run things? It looks pretty bleak in most of the South and Midwest if that was to happen.
Franco, how does your State stop the hemmoraging if Federal aid to Louisiana is cut to the bone? It's nearly half of the state revenue! Tennesee is nearly in the same boat.....-Paul
Last edited by paul young; 11-18-2013 at 01:18 PM.
there's no good reason to fatten up a retriever.
Last edited by Franco; 11-18-2013 at 01:35 PM.
Collecting more taxes than is absolutely necessary is legalized robbery. Calvin Coolidge
Dow, S&P 500 & Nasdaq all hit historic highs friday but are still climbing the wall fo worry. Latin America with their tin pot dictators & Europe with it's welfare state will be a big drag, even India is having it's issues. & there will be a ton of opportunity in Africa when the tribal conflicts are settled & the labor force is put to productive use.
We've had a really good year - 401K's properly managed are the way to go, but the local machinists union turned that down & will now have little in the future pipeline to fall back to though the guys & gals working the floor are very skilled - one of the local columnists lamented the plight of the poor unionista going into a 401K rather than a defined benefit plan & I e-mailed him offering to take him out to lunch to show him where he had his facts wrong with actual results after the 1st of the year.
As a public service I am going to offer a class on investing to the local volunteer FF's & the young people in the community after the 1st of the year. VIMSX has done well as an index fund .
Everyone's friend is No One's friend
Someday your life will flash before your eyes. It's your responsibility to make sure it's worth watching!
On the second point, I do not believe I have whined about a 401K. If I have, please show me where. I am all for 401Ks but I am also all for social security, and not against defined benefit plans (pensions) for those that can get them. There was much more "certainty" in our economy in well managed pension systems.
Last edited by Henry V; 11-18-2013 at 05:42 PM.