Skyriver711

1.9K posts

Skyriver711

Skyriver711

@Skyriver7117

Katılım Haziran 2025
10 Takip Edilen25 Takipçiler
Buck Sexton
Buck Sexton@BuckSexton·
Same people who will rail against how Obamacare has driven up costs stratospherically (true!) also wanna tell struggling middle class families to tighten up their budget by ordering less take out food and making their own coffee You know what could buy a lot of takeout food for a family of 4? The $2500 a month average premiums that families are required to buy on ACA marketplace to self insure (for shitty care btw). 20 years ago this number was about $500 a month. ACA has not been repealed. This is policy, not "the market." And why are those premiums so high? Because younger, healthier people are burdened financially to pay for the care of older, sicker people in the exchanges But sure, if all the Millennial whippersnappers in their 30/40s just stopped vaping and getting their nails done, they could buy that $400,000 average American home, no problem. Please. Facts are stubborn things.
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Elle
Elle@ElleRC84·
@Skyriver7117 @GregorioJHall91 @rgreider @BuckSexton That’s not the case on the west coast. Starter homes around here are around half a million and up. And it’s not as simple as picking up and moving to a more affordable place when your whole family is here.
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Greg Hall
Greg Hall@GregorioJHall91·
@Skyriver7117 @ElleRC84 @rgreider @BuckSexton Please let me know where. Baltimore? That’s a fucking dump. I live in Glen Burnie. Average house is 400-500 k. The shore and the mountains might have lower tier pricing. But hardly any jobs
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Skyriver711
Skyriver711@Skyriver7117·
@CatholicCharm No one thinks that. It’s one part of multiple things you could be doing to save money.
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Elle
Elle@ElleRC84·
@rgreider @BuckSexton Both things can be true at the same time. Yes, people buy things they don’t need. However, saying a $5 a day coffee habit is the reason people can’t afford a $500k home is disingenuous and out of touch.
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Littoria
Littoria@Littoria14·
@wy7usa Wonderful if true. What about the majority of people who don't work at a hospital
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Littoria
Littoria@Littoria14·
This is what an ordinary German factory worker can get at his employer provided cafeteria for 8 Euros: Breaded veal, veggies, french fries and mashed potatoes, a dessert and a soft drink. Anywhere in the USA, this same exact meal will cost you 30, maybe 40 with tip. So no, don't listen to conservatives, they are paid to gaslight you to protect Trump and the GOP. The American economy is structured to maximize shareholder profits at the expense of everything and everyone. That is not how economies work in normal first or second world countries, where there is much more balance between capital and labor.
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Kim Siever
Kim Siever@kim_siever·
@TLVersteegh I track where my money goes and have a budget, but thanks for the tip.
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Mary Tracy 🍉
Mary Tracy 🍉@MaryTracy·
They did NOT live cheap. They had restaurants, with tablecloth and cloth napkins. Do NOT buy the revisionism that tells you the Boomers had a better life because they spent less money: THEY SIMPLY HAD MORE MONEY
Jim Sharp@prowrstlngstrng

I am not defending boomers, but they did generally live pretty cheap in their 20s Going out for coffee was insane. You threw Yuban into tiur Mr Coffe and put it in a thermos Eating out meant a trip to Pizza Hut maybe once a month Vacation was driving to a campsite

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Frank DeVito
Frank DeVito@therightfrankd·
@BuckSexton Yes, please spare me the "just stop wasting money lectures" from Boomers sitting on paid-off homes and millions in retirement accounts, watching their kids struggle to afford a starter house.
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usernameisinvalidx
usernameisinvalidx@errorinvalidx·
@BuckSexton Healthcare Housing College (the above two are the largest drivers of inflation) All things the government could fix if it wasn't so inept/corrupt
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Skyriver711
Skyriver711@Skyriver7117·
@BuckSexton My message is simple. Fuck all you squish bitches that can’t balance your over-inflated sense of self-worth with your jobs that you mostly suck at anyway. You want to make more money? Get off your phones, STFU and listen to the boomers give you some life lessons
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Pack_Ldr9
Pack_Ldr9@hermes5210·
@intlmandotcom And the blame for it all falls squarely on Trump and his failed presidency
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Doug Casey's International Man
The 10-year Treasury yield is perhaps the most important financial benchmark in the global fiat system, as it drives valuations and market trends worldwide. It is widely—and erroneously—regarded as the risk-free rate of return. The 10-year Treasury yield can be thought of as a key barometer of the US dollar-based fiat system—a critical measure akin to its beating heart. Bond yields move inversely to bond prices. When bond prices fall, bond yields rise. A rising 10-year Treasury yield signals trouble for the US dollar because it means investors are selling Treasuries, which pushes up the US government’s borrowing costs. That is why the 10-year Treasury yield is a major pain point for the US government. The 10-year Treasury yield was 3.97% when the war started. Now it is around 4.60%, an increase of roughly 63 basis points. I expect the 10-year Treasury yield to keep climbing over the coming weeks and months—until it forces the Fed’s hand. At that point, the intervention will be sold as “stability,” but the mechanism will be familiar: suppress yields by debasing the currency. At today’s debt levels, every 1 basis point increase in the government’s average borrowing cost adds roughly $3.9 billion in annual interest expense. So a 63 bps rise is not trivial—it translates to nearly $250 billion in additional yearly interest costs, materially widening a 2025 budget deficit that was already around $1.8 trillion. Higher yields mean the US government must pay tens or even hundreds of billions more in interest on its debt. At the same time, the global economy faces even greater added costs because Treasury rates serve as the benchmark for borrowing worldwide. That is not an insignificant move. However, given all the headwinds I have discussed, I suspect the 10-year Treasury yield is headed much higher because investors will demand higher yields to compensate for rising inflation. Further, if Hormuz remains closed, drastically higher oil prices are all but certain. Higher energy prices mean higher prices across the economy and higher official inflation rates, which means investors will demand still higher yields to compensate. The problem is that interest on the federal debt is already over $1.2 trillion and is now the second-largest item in the budget. The US government cannot afford yields going much higher because the interest expense would push it toward bankruptcy. I am not sure how—or even if—the US government can manage this situation. Something has to give, and we will not have to wait long to find out what. The Iran war may prove to be more than another foreign policy disaster. It could be the trigger that exposes the fragility of the entire dollar-based financial system.
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Tom Jones
Tom Jones@TomJone35585977·
@CitizenFreePres How do we get people like Thune and McConnell in positions of power? Even more importantly, how do we get them out of those positions?
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Citizen Free Press
Citizen Free Press@CitizenFreePres·
Thune is seething over Ken Paxton. Trump should try to oust him.
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DaniCat
DaniCat@DaniCat9177·
@Oilfield_Rando I think trump tried to convince cornyn to vote for the SAVE act up until this week
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Oilfield Rando
Oilfield Rando@Oilfield_Rando·
Are we really going to pretend that Texas primary voters were sitting around waiting for Trump to tell them who to vote for? Cornyn was going to lose because of Cornyn. It’s really that simple. Trump jumped on the winning train.
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Suepaphly
Suepaphly@suepaphly·
@Parkelle02 Wow no one wants to eat like this for 60 years to get 1% of his wealth? People are spoiled and entitled.
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Ethan Levins 🇺🇸
Ethan Levins 🇺🇸@EthanLevins2·
Putin has arrived to China. You can already feel the difference between him and Trump.
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