After we dumped over a trillion to keep our economy a float, can there possibly be another recession while we are trillions still in debt? and if so what will be the outcome of a recession with scarcely high debts?

I really do not see the economy getting much better anytime within the next few years. I also see the economy in NJ getting much worse before it gets any better. Thats an "IF" it gets any better. This state is Fucked in my opinion.

not only possible, but probable.

 

remember your 3 b's

Did we ever get out of the current recession?

I dont know, all im hearing is talk of another possible recession.

not only possible, but probable.

 

remember your 3 b's

 

???????????????????????

Did we ever get out of the current recession?

 

Yeah I was going to point that out too.

I dont see it as another recession. We were never out of the first one.

 

All of the "recovery" is based largely on the artificial propping up of the economy, and the blank check with no credit limit of the government. The key question right now is... what will happen if the spending is cut off?

 

I highly doubt we will have a collapse due to debt, but we will have much higher taxes, the question is in what type, how fast, and when?

Possible? Unavoidable in the long term. But for now our government continues to enjoy demand for our debt so we get to continue throwing money down rat holes.

 

not only possible, but probable.

 

remember your 3 b's

 

???????????????????????

Beans Bullets Bandages

Did we ever get out of the current recession?

+1

:confusion-shrug: :confusion-shrug:

hM79IhkbbAg

I think you mean, "will the current recession lead to a depression"?

great thing about charts, you can make them look like anything you want.

great thing about charts, you can make them look like anything you want.

 

Figures lie and liars figure.

 

In any case, I think we can all agree the economy is in the toilet. IMO what this administration IS doing seems to be making it worse, not better.

 

So I am wondering, if I buy a house outside NJ for cash, no mortgage, and virtually no property taxes, exactly how much money will I need to live? Would I survive on say, hmm, I don't know, like "Welcome to Walmart, would you like a cart" salary??

WalMart won't hire you. You're overqualified. Shame though, the employee discount would help with ammo purchases.

great thing about charts, you can make them look like anything you want.

 

Figures lie and liars figure.

 

In any case, I think we can all agree the economy is in the toilet. IMO what this administration IS doing seems to be making it worse, not better.

 

So I am wondering, if I buy a house outside NJ for cash, no mortgage, and virtually no property taxes, exactly how much money will I need to live? Would I survive on say, hmm, I don't know, like "Welcome to Walmart, would you like a cart" salary??

 

 

Consult a financial professional.

WalMart won't hire you. You're overqualified. Shame though, the employee discount would help with ammo purchases.

 

 

Actually, walmart employees do not get any discounts. =) just fyi.

WalMart won't hire you. You're overqualified. Shame though, the employee discount would help with ammo purchases.

 

 

Actually, walmart employees do not get any discounts. =) just fyi.

 

 

Funny - my buddy in NY told me he got an employee discount.

maybe on some stuff?

 

when I was a marketing rep for Hewlett Packard, I was often in Walmarts. All of the folks I spoke with did not mention of one.

 

perhaps they changed the policy or it is store to store.

I have a buddy who's a manager at a wally-world - he does get discounts.