I don’t have an issue with drawing a line. The system isn’t intended to be a personalized evaluation. Such a truly personalized system would be unwieldy and expensive. I just have an issue with the government stepping in and drawing lines which are based not on credit risk factors, but on some [misguided] sense of…

How about a system defined by the creditors based on best approximation of actual credit risk - rather than the arbitrary line in the sand decided by Maxine Waters. I realize Representative Waters is an expert in using her political influence to help her banker husband, but I don’t think she has much insight into…

So the bill won’t prohibit consideration of defaults older than 4 years?

So someone who has never defaulted will be considered the same credit risk as someone who has defaulted (albeit 4 years and a day prior)? Seems fair.

I’m from the government and I’m here to help you. Here, take a bunch of money. But, if you don’t pay it back we’ll allow a bunch of private debt collectors to come after you in ways that are illegal for private debts.

No. It’s a realistic mindset from a country that doesn’t have unlimited resources. Indians aren’t choosing between these cars and a Volvo. They are choosing between these cars and modes of transportation that are likely much less safe.

LOL at “own”. :)

I hear Brandon Sanderson has some free time. He should be able to finish up the series in a few weeks. :)

But, that racer had cancer. He’d never put a foreign substance in his bike.

YAY! Duplicate copies made the app almost useless for me.

The 79 cent figure is misleading a best and more accurately is just completely b.s. One of many articles discussing the problems: http://www.wsj.com/articles/the-w…

Math is hard.

Here’s a good graphic reason to worry about entitlement spending.

Saying that the government doesn’t owe SS (and doesn’t have assets to pay for it even it did) is THE POINT. The whole notion of there being a “Trust Fund” was a con.

A private pension holding government bonds is not holding “pretend” assets. If I loan you $100 and you give me a valid promise to repay me, that promise is a real asset to me (albeit not one necessarily valued at $100 - could be more or less depending on interest and your creditworthiness). If you spend $100 cash from…

Oh and some private pensions may be underfunded, but even the underfunded ones hold actual assets. They aren’t simply being run as pay as you go schemes with pretend assets.

It is pay as you go in now. At least in any rational view of the system. An IOU from the government to the government is an accounting gimick. The government holding it’s own IOU is meaningless - so it is very much unlike private citizens (and China) holding government bonds. Those are assets with value - the real…

Private pensions are generally in much better shape than the public pensions. The government actually enforces the rules when it comes to private companies. They largely have ignored the rules when it comes to their own pensions. Not to mention, pensions are much less relied upon in the private sector.

Stop confusing people with facts. It’s a “Trust Fund” - it most be good. ;)

Lol. Don’t bother understanding the issue, just get mad at the “enemy”. And make sure you don’t bother looking into the $1 Trillion unfunded liability the Feds have run up to all the Federal Employees who are owed pensions.