that's a hell of a lot better idea than a guaranteed income in my feeble mind, w.t.f. was she thinking with that hair brain idea? what had me peed-off is at what generation of wellie would she of started the guarantee, 1st-2nd-3rd with no end in sight of ever putting back into the system. - don't get me wrong as i am a firm believer in helping those who do need help for whatever legit reason but when it comes to subsidizing multiple generations of people who have chosen not to participate fairly in society, and it is a choice of lifestyle, then i got a problem with it.
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"if you are not the lead dog, the view is all the same"
yes, helping the senior's is a good thing especially those who did work their 30 plus years putting back into the system who find themselves being stretched now to make ends meet through no fault of their own.
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"if you are not the lead dog, the view is all the same"
Actually it is through a fault of our own. We were the baby boomers and we demanded the most and the best of everything. We caused inflation for the first time, we didn't care what it cost, there was always more income. Governments spent to keep up and now we pay the price.
i don't disagree with you entirely on that point but i don't think all the fault is our own entirely either. there was/is always more income, if you were willing to work for it, and as it still is today. i don't pay minimum wages after 3 months with benefits and a pension plan but try and hire someone who is willing to work their way up today, good luck with that. brother is a union plumber with 30 some odd years in and they are desperate for people to hire into the trade at 60-70-plus grand a year and i know for a fact all the other trades are in the same boat. having trucks and dealing with 3 or 4 different repair shops and dealers i hear their horror stories about hiring guys who are willing to put the time in to learn the trade and are willing to get their hands dirty to end up making 50 grand with the drivers making 50-60 grand and they are desperate trying to get them.
as for the inflation that ensued after our run through the boom time that is entirely on the shoulders of whatever government of the day instead of letting it get out of control and hitting the panic button resulting in 17 to 20 % interest rates. there are huge numbers of people and business's that never recovered from that era but everybody was happy leading up to it and they kept getting voted back in. then there is the era of the derivatives or junk bonds if you like. that one shook the world economy and is still not shook out, didn't our government just forgive one of the motor companies of billions owed from it. who's money was that, not theirs. i agree it is a circumstance of greed but not at our level, it's way over our pay scale where this gets started and allowed to fester. i think we are in for another round of not so good of times for a lot of people before long truthfully. the world governments dumped in gazillions of dollars to prevent a collapse from the junk bonds and brought interest rates to near 0% with little to no money down for a mortgage or etc and this is going to play out before to long i am afraid. i haven't verified this, i just read it this morning so it could be junk news, lol, but our pretty boy in ottawa has, " government has turned a budget surplus and a booming economy into “massive deficits” — increasing Canada’s debt faster than any “peacetime PM in Canadian history.” here we go again, lol, and its way-way over my pay scale to control. why, because 1-2 % interest rates with none to very little of your hide into it aren't feasible for any extended period. imagine that.
-- in closing, a question. what do you guys think a fair interest rate would/should be on a house mortgage? just curious is all and keep in mind nothing is free. me, 6 to 8% and that number would sink a lot of people today.
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"if you are not the lead dog, the view is all the same"
I have to agree with both Wuga and Shag. I think 6 % would be the ceiling for most people's mortgages today. What with 2 new cars in the driveway, the annual cruise, the Harley, a weekend or two in Vegas because after all...." we deserve it, we work hard..."
I've heard that quote from so many folks that it makes my head spin. What does that mean?...." even though I can't really afford it and I'll never see the end of my dept I might as well enjoy myself while I can...." ??
We bought a house at 9% years back just before interest rates rocketed. Some of my friends just left the keys in the door and walked away - literally.
My wife and I put our nose to the grindstone, kept up and made it through. We didn't take any cruises but we did manage to get out camping. We didn't have any new cars but we had a safe one for her to cart the kids and a P.O.S. for myself to get back and forth to work. No Harley.
Does that mean we didn't work hard enough to "treat" ourselves, or are we simply realists?
We still own that house today, along with some others.
You're correct Shag, the decisions that nearly sunk our once great country came from a pay scale well beyond ours.
That in itself is a large part of the problem. So many of our Politicians- regardless of Party are 3rd, 4th or more generation Career Politician. Great if you're a Politician after all - just look at their earning potential. The downside to that is they've mostly lived a charmed life, best education, best of everything really - and they've lost touch of how it is for a normal family to survive today.
That hasn't changed from John A Macdonald and it won't. It can't. Those holding the purse strings will never give them up willingly. Therefor, as most of the folks on this site realize, understand and put into effect - we need to look out for ourselves best we can.
isn't that the truth lol, "What with 2 new cars in the driveway, the annual cruise, the Harley, a weekend or two in Vegas because after all...." we deserve it, we work hard..." lol. but you forgot the pair of seadoo's or the big boats with a new truck to pull them, lmao. living out in the sticks i go off path once in awhile and cruise through a new subdivision or 2 just to have a look see and it baffles my mind how a lot of these millennial's can do it carrying a 350 to 400 grand mortgage with little to no skin into it and the lane ways full of high end toys. you ever notice how these store and lock places pop up close to these new subdivisions and wonder where all the demand for them comes from? take a drive through on a summer weekend and you can see all their garages are full of stuff also and they need the extra space if they plan on putting a car in there would be my guess. maybe a 2% mortgage with a line of credit attached to it maybe, lol.
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"if you are not the lead dog, the view is all the same"
