Recession or Depression?

AtLast · 04-13-2010, 02:12 PM

I know that what is upon us does not fit the technical definition of an economic depression, but this recession depresses me! I mean it, it does affect my moods.

I have seen a lot of local businesses closing down here, yet, I know that there are several other areas of the US that are far worse off. Thinking of Michigan as one. There are certainly others

I have never felt anger as deeply as I do right now with such institutions as banks and Wall Street. Its a very different kind of anger... more personal. I'm part of the Baby Boom generation that has contributed throughout my working life to the Social Security System and supported those that retired before me. I paid in for the previous generations to have security in old age- Now, this is being threatened. Of course, I developed other sources of retirement income- and that was pilfered by the banking industry and stock market! And my current tax contributions were used to bail-out these assbites that make millions!!

Don't get me wrong, I am grateful for what I have. However, there is something really wrong in this picture! Truth be known, my kid and his kids do owe me the same economic contributions that I (and the rest of us) have made. There are no exemptions due anyone! I'm tired of the whinning!!!

Billions of dollars have been spent on a war that has been the main source of our deficit rising as it has. We were lied to about that war and are now being fed BS about Afghanistan! Do not take this as any ill will against our troops. They do not make policy and I have no problem with backing up what they need financially now that we have put them in harms way. We need to help them out after leaving the military as well. But, I'm tired of all of the belly aching about the younger generations not deserving our debt. Those before them deserve what they worked hard for in contributing to. Also, the majority attend publically funded schools, drive on publically funded roads, etc. They have reaped the benefits of past generations. They are as responsible as we were, to maintain these systems. No, there is no free lunch…

I am absolutely outraged at particular congressional members halting unemployment benefits! This in an insurance system, that workers pay into so that during times like this, there is something to fall back on!! It isn't an entitlement! The money is from the labor of workers that need it at this time!

Yes, I’m ranting…

Ldyluck88 · 04-13-2010, 02:51 PM

Quote:

Originally Posted by AtLastHome

I am absolutely outraged at particular congressional members halting unemployment benefits! This in an insurance system, that workers pay into so that during times like this, there is something to fall back on!! It isn't an entitlement! The money is from the labor of workers that need it at this time!

Yes, I’m ranting…

I totally agree with your whole post Atlast and it's ok to rant because these are hard times and yes, we paid into the unemployment for years, and now we are left with empty pocketbooks!!
Thanks for sharing your views.

AtLast · 04-13-2010, 03:04 PM

In reading the thread, I am thinking a lot about organizations like Kiva.com (http://www.kiva.org/) and how this concept could be applied to the queer community at large.

I remember a time when small personal loans by family members, friends, church organizations, community programs, etc. were made to support small business enterprises and this actually got the business going in the right direction.

I am so ticked-off with the big banks not lending to small business during a time when it really could make a difference for so many. People who have fantastic ideas and a good business sense (which I don't) that just need a little help.

There are countless people like this right here!

If anyone has links that could be of benefit to the queer community entrepreneurs.. please post them. I can’t plunk down a bunch of cash, but what id my $5, $10, etc. could join forces with others and give a much needed boost to someone here or part of the larger LGBTIQ populations?

04-13-2010, 02:12 PM	#1
AtLast Infamous Member How Do You Identify?: Woman Preferred Pronoun?: HER - SHE Relationship Status: Relating Join Date: Nov 2009 Location: CA & AZ I'm a Snowbird Posts: 5,408 My Photo Gallery Thanks: 11,826 Thanked 10,827 Times in 3,199 Posts Rep Power: 21474858	I know that what is upon us does not fit the technical definition of an economic depression, but this recession depresses me! I mean it, it does affect my moods. I have seen a lot of local businesses closing down here, yet, I know that there are several other areas of the US that are far worse off. Thinking of Michigan as one. There are certainly others I have never felt anger as deeply as I do right now with such institutions as banks and Wall Street. Its a very different kind of anger... more personal. I'm part of the Baby Boom generation that has contributed throughout my working life to the Social Security System and supported those that retired before me. I paid in for the previous generations to have security in old age- Now, this is being threatened. Of course, I developed other sources of retirement income- and that was pilfered by the banking industry and stock market! And my current tax contributions were used to bail-out these assbites that make millions!! Don't get me wrong, I am grateful for what I have. However, there is something really wrong in this picture! Truth be known, my kid and his kids do owe me the same economic contributions that I (and the rest of us) have made. There are no exemptions due anyone! I'm tired of the whinning!!! Billions of dollars have been spent on a war that has been the main source of our deficit rising as it has. We were lied to about that war and are now being fed BS about Afghanistan! Do not take this as any ill will against our troops. They do not make policy and I have no problem with backing up what they need financially now that we have put them in harms way. We need to help them out after leaving the military as well. But, I'm tired of all of the belly aching about the younger generations not deserving our debt. Those before them deserve what they worked hard for in contributing to. Also, the majority attend publically funded schools, drive on publically funded roads, etc. They have reaped the benefits of past generations. They are as responsible as we were, to maintain these systems. No, there is no free lunch… I am absolutely outraged at particular congressional members halting unemployment benefits! This in an insurance system, that workers pay into so that during times like this, there is something to fall back on!! *It isn't an entitlement!* The money is from the labor of workers that need it at this time! Yes, I’m ranting… Last edited by AtLast; 04-13-2010 at 02:26 PM. Reason: goofed

04-13-2010, 03:04 PM	#3
AtLast Infamous Member How Do You Identify?: Woman Preferred Pronoun?: HER - SHE Relationship Status: Relating Join Date: Nov 2009 Location: CA & AZ I'm a Snowbird Posts: 5,408 My Photo Gallery Thanks: 11,826 Thanked 10,827 Times in 3,199 Posts Rep Power: 21474858	In reading the thread, I am thinking a lot about organizations like Kiva.com (http://www.kiva.org/) and how this concept could be applied to the queer community at large. I remember a time when small personal loans by family members, friends, church organizations, community programs, etc. were made to support small business enterprises and this actually got the business going in the right direction. I am so ticked-off with the big banks not lending to small business during a time when it really could make a difference for so many. People who have fantastic ideas and a good business sense (which I don't) that just need a little help. There are countless people like this right here! If anyone has links that could be of benefit to the queer community entrepreneurs.. please post them. I can’t plunk down a bunch of cash, but what id my $5, $10, etc. could join forces with others and give a much needed boost to someone here or part of the larger LGBTIQ populations?