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#1
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Read it, and weep ...
http://www.nytimes.com/1999/09/30/bu...l?pagewanted=1 Read every SINGLE word!! -- www.e-woodshop.net Last update: 10/22/08 KarlC@ (the obvious) |
#2
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Read it, and weep ...
Swingman wrote:
http://www.nytimes.com/1999/09/30/bu...l?pagewanted=1 Read every SINGLE word!! I read the first sentence and almost went into cardiac arrest. |
#3
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Read it, and weep ...
On 1/15/2010 10:13 PM, Swingman wrote:
http://www.nytimes.com/1999/09/30/bu...l?pagewanted=1 Read every SINGLE word!! Heh - most of the time what we learn from our mistakes is to recognize when we make 'em again. :-/ -- Morris Dovey DeSoto Solar DeSoto, Iowa USA http://www.iedu.com/DeSoto/ |
#4
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Read it, and weep ...
"Swingman" wrote in message ... http://www.nytimes.com/1999/09/30/bu...l?pagewanted=1 Read every SINGLE word!! -- www.e-woodshop.net Last update: 10/22/08 KarlC@ (the obvious) Certainly glad that was written over 10 years ago. |
#5
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Read it, and weep ...
On 1/15/2010 11:26 PM, Morris Dovey wrote: On 1/15/2010 10:13 PM, Swingman wrote: http://www.nytimes.com/1999/09/30/bu...l?pagewanted=1 Read every SINGLE word!! Heh - most of the time what we learn from our mistakes is to recognize when we make 'em again. :-/ Did you read the VERY last line ?? A version of this article appeared in print on September 30, 1999, on page C2 of the New York edition. |
#6
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Read it, and weep ...
On 1/15/2010 10:26 PM, Morris Dovey wrote:
On 1/15/2010 10:13 PM, Swingman wrote: http://www.nytimes.com/1999/09/30/bu...l?pagewanted=1 Read every SINGLE word!! Heh - most of the time what we learn from our mistakes is to recognize when we make 'em again. :-/ Obviously _we_ haven't learned anything ... the NYT's writer hit the nail squarely on the head in 1999 and yet the NYT is cheerleading the "blame it on Bush" mentality to this very day!!!??? You are ALL ****ing crazy in this country, I mean gimmme a ****ing break .... sheeeeesssssh! -- www.e-woodshop.net Last update: 10/22/08 KarlC@ (the obvious) |
#7
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Read it, and weep ...
In article , Swingman wrote:
http://www.nytimes.com/1999/09/30/bu...t-to-aid-mortg age-lending.html?pagewanted=1 Read every SINGLE word!! Note the date, too, and recall who was President at the time. Hint: it wasn't the guy who usually gets blamed for this mess. |
#8
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Read it, and weep ...
""__ Bøb __"" wrote in message ... On 1/15/2010 11:26 PM, Morris Dovey wrote: On 1/15/2010 10:13 PM, Swingman wrote: http://www.nytimes.com/1999/09/30/bu...l?pagewanted=1 Read every SINGLE word!! Heh - most of the time what we learn from our mistakes is to recognize when we make 'em again. :-/ Did you read the VERY last line ?? A version of this article appeared in print on September 30, 1999, on page C2 of the New York edition. Actually that was at the very top of the article also. |
#9
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Read it, and weep ...
"Swingman" wrote in message ... On 1/15/2010 10:26 PM, Morris Dovey wrote: On 1/15/2010 10:13 PM, Swingman wrote: http://www.nytimes.com/1999/09/30/bu...l?pagewanted=1 Read every SINGLE word!! Heh - most of the time what we learn from our mistakes is to recognize when we make 'em again. :-/ Obviously _we_ haven't learned anything ... the NYT's writer hit the nail squarely on the head in 1999 and yet the NYT is cheerleading the "blame it on Bush" mentality to this very day!!!??? You are ALL ****ing crazy in this country, I mean gimmme a ****ing break ... sheeeeesssssh! To a T the writer hit the nail on the head. And as a further indicator of the stupidity going on..... Obama is going to tax the banks to get our money back.... Guess who is going to pay that tax. What he fails to realize or what his flock of sheep fail to realize is that "business" does not pay any taxes. The people/consumers pay the taxes for the businesses by paying more for the products that they buy. I propose that the governmant pay off that $12,000,000,000,000.00 debt that they have made before trying to teach us anything about fiscal responsibility. Talk about the Fox guarding the hen house. |
#10
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Read it, and weep ...
Unfortunately, its not the minorities nor the poorer persons that are
losing there homes. Its wanna be's who bought a more (overpriced) home than they could afford and real estate speculators. Ed Pawlowski wrote: Swingman wrote: http://www.nytimes.com/1999/09/30/bu...l?pagewanted=1 Read every SINGLE word!! I read the first sentence and almost went into cardiac arrest. |
#11
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Read it, and weep ...
It is too bad we cannot back in time and make sure this does not happen. but
then I also wished for a billion dollars to fall out of the sky! Hindsight is always best.I'm a tax accountant and I did not see this mess coming did any of you? if so please show me were and how you protested publicly and I will give you a prize. It is just another example of the failure of both political parties the democratic president and republican congress. We knew it was a bad idea but let it slide,it was in great Part OUR mistake not the dum dums in Washington len |
#12
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Read it, and weep ...
"Len" wrote in message ... It is too bad we cannot back in time and make sure this does not happen. but then I also wished for a billion dollars to fall out of the sky! Hindsight is always best.I'm a tax accountant and I did not see this mess coming did any of you? if so please show me were and how you protested publicly and I will give you a prize. I Oh come on do you expect every one to publish their thoughts to prove what they have said or thought ? Did you notice that the writer of the article indicated that this was coming. That was printed.. The trouble is that the people have no say. Elections simply apease some of us. But FIY I did see this coming.... Any thing the governmant does to force help for those that have not earned what they are getting ends up in what is now part of the $12 trillion problem. Plain as day.... It is just another example of the failure of both political parties the democratic president and republican congress. Oh I don't think they are actually failing. They want the power and are gaining the power every day. In our eyes they are failing but let me assure thaey age doing exactly what they want. |
#13
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Read it, and weep ...
"Michael Kenefick" wrote in message ... Unfortunately, its not the minorities nor the poorer persons that are losing there homes. Its wanna be's who bought a more (overpriced) home than they could afford and real estate speculators. Umm... Wanna be's also happen to be the poorer persons and minorities. Because they are poorer than what is required to be able to afford a home, they are loosing their homes... |
#14
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Read it, and weep ...
On 1/15/2010 11:27 PM, Len wrote:
It is too bad we cannot back in time and make sure this does not happen. but then I also wished for a billion dollars to fall out of the sky! It did, for a whole lot of folks ... that was sort of the problem, eh? Hindsight is always best.I'm a tax accountant and I did not see this mess coming did any of you?if so please show me were and how you protested publicly and I will give you a prize. First, show me how your particular occupation should be more prescient than any other ... It is just another example of the failure of both political parties the democratic president and republican congress. We knew it was a bad idea but let it slide,it was in great Part OUR mistake not the dum dums in Washington And, you are dead right on that score ... -- www.e-woodshop.net Last update: 10/22/08 KarlC@ (the obvious) |
#15
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Read it, and weep ...
On 1/15/2010 11:23 PM, Michael Kenefick wrote:
Unfortunately, its not the minorities nor the poorer persons that are losing there homes. Its wanna be's who bought a more (overpriced) home than they could afford and real estate speculators. Missing the point, are we? Did you happen to notice how your country was brought to its knees DIRECTLY by policies outlined in the decade old article? Have you noticed that these very same folks are pointing the finger of blame at others? Basically, you are collectively a damn bunch of fools ... -- www.e-woodshop.net Last update: 10/22/08 KarlC@ (the obvious) |
#16
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Read it, and weep ...
I am sometimes almost terrified at the utter naivete of us: you, me, and all those others, our happy little gang of six billion nitwits. We are so self assured in our petty knowledge. We always know, of course, that we were wrong before, but are sure that we are not wrong now. --Richard C. Henry |
#17
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Read it, and weep ...
On Jan 16, 7:56*am, burtwitlin wrote:
I am sometimes almost terrified at the utter naivete of us: you, me, and all those others, our happy little gang of six billion nitwits. We are so self assured in our petty knowledge. *We always know, of course, that we were wrong before, but are sure that we are not wrong now. --Richard C. Henry The first signs of insanity: "Continuing to do exactly the same thing and expecting different results." Our greed-driven society? |
#18
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Read it, and weep ...
On 1/16/2010 12:27 AM, Len wrote:
It is too bad we cannot back in time and make sure this does not happen. but then I also wished for a billion dollars to fall out of the sky! Hindsight is always best.I'm a tax accountant and I did not see this mess coming did any of you? if so please show me were and how you protested publicly and I will give you a prize. It is just another example of the failure of both political parties the democratic president and republican congress. We knew it was a bad idea but let it slide,it was in great Part OUR mistake not the dum dums in Washington len Under this program described in 1999 when Clinton was President, I sold a house. While I was able to purchase my next house with an interest rate of about 5.4%, the person who bought my house finally got a loan for over 11%. She was a beautician, he was unemployed, they had an 85% debt to income ratio. With minimal income their monthly payment was twice what I was paying. The outcome of this type of financial deals was obvious when we sold the house in 2000. We should be thanking the people at AGI, Fannie May, and others for being able to keep the lid on this disaster for as long as they did. They deserve every penny they got. |
#19
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Read it, and weep ...
On 1/16/2010 10:36 AM, Keith Nuttle wrote:
Under this program described in 1999 when Clinton was President, I sold a house. While I was able to purchase my next house with an interest rate of about 5.4%, the person who bought my house finally got a loan for over 11%. She was a beautician, he was unemployed, they had an 85% debt to income ratio. With minimal income their monthly payment was twice what I was paying. The outcome of this type of financial deals was obvious when we sold the house in 2000. We should be thanking the people at AGI, Fannie May, and others for being able to keep the lid on this disaster for as long as they did. They deserve every penny they got. Instead, thank both your congressmen and the bankers who bought and paid for them. This is provably by design, and not accidental in the least .... can you say "home equity loan"?: http://www.pbs.org/wgbh/pages/frontl...ditcards/view/ My Christmas present this year from my youngest daughter was that she would sit down with me and watch this, along with my commentary, and with her full undivided attention. In return, I couldn't think of a better gift I could give her than for her to understand what most most of the ill educated fools in this country can't seem to grasp. -- www.e-woodshop.net Last update: 10/22/08 KarlC@ (the obvious) |
#20
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Read it, and weep ...
On Sat, 16 Jan 2010 10:51:02 -0600, Swingman wrote:
My Christmas present this year from my youngest daughter was that she would sit down with me and watch this, along with my commentary, and with her full undivided attention. In return, I couldn't think of a better gift I could give her than for her to understand what most most of the ill educated fools in this country can't seem to grasp. You didn't give your daughter's age, but I'll assume that she understood what she watched or that you explained anything she didn't understand. And, that leads me to my question. What did she say about the show and the current situation many now find themselves in? |
#21
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Read it, and weep ...
Doug Miller wrote:
In article , Swingman wrote: http://www.nytimes.com/1999/09/30/bu...t-to-aid-mortg age-lending.html?pagewanted=1 Read every SINGLE word!! Note the date, too, and recall who was President at the time. Hint: it wasn't the guy who usually gets blamed for this mess. The president is not much of an issue. Its the Senate and the Congress that's screwing the country. The presidents main job is to focus your attention on hisself while the rest of the government rapes you. Give me control of the house and senate and the president can be about anyone you can dream up. -- Jack Got Change:More Spending!More Unemployment!More Government!Less freedom! http://jbstein.com |
#23
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Read it, and weep ...
On 1/16/2010 11:47 AM, Jack Stein wrote:
Doug Miller wrote: In article , Swingman wrote: http://www.nytimes.com/1999/09/30/bu...t-to-aid-mortg age-lending.html?pagewanted=1 Read every SINGLE word!! Note the date, too, and recall who was President at the time. Hint: it wasn't the guy who usually gets blamed for this mess. The president is not much of an issue. Its the Senate and the Congress that's screwing the country. The presidents main job is to focus your attention on hisself while the rest of the government rapes you. Give me control of the house and senate and the president can be about anyone you can dream up. Even worse than that ... give me control of printing your money, and it makes no difference who you elect, in any branch of government. -- www.e-woodshop.net Last update: 10/22/08 KarlC@ (the obvious) |
#24
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Read it, and weep ...
On Sat, 16 Jan 2010 04:49:26 GMT, (Doug Miller)
wrote: In article , Swingman wrote: http://www.nytimes.com/1999/09/30/bu...t-to-aid-mortg age-lending.html?pagewanted=1 Read every SINGLE word!! Note the date, too, and recall who was President at the time. Hint: it wasn't the guy who usually gets blamed for this mess. I was in mortgage banking at the time. The banking industry wanted the noose off, from around their necks, so they could be free to make as MANY LOANS and as MUCH MONEY as humanly possible. They lobbied ... fiercely ... for the repeal of Glass-Steagall Act, among other things, and the passage of Gramm–Leach–Bliley Act, among others. Clinton was an idiot for going along with the notion, but -- make no mistake about who pushed for every single bit of at least this part of the meltdown. We privatized profits, and we socialized loss. |
#25
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Read it, and weep ...
On 1/16/2010 12:37 PM, Revivul wrote:
I was in mortgage banking at the time. The banking industry wanted the noose off, from around their necks, so they could be free to make as MANY LOANS and as MUCH MONEY as humanly possible. They lobbied ... fiercely ... for the repeal of Glass-Steagall Act, among other things, and the passage of Gramm–Leach–Bliley Act, among others. Clinton was an idiot for going along with the notion, but -- make no mistake about who pushed for every single bit of at least this part of the meltdown. We privatized profits, and we socialized loss. Good way to put it ... so damn true it makes you want to scream in frustration. -- www.e-woodshop.net Last update: 10/22/08 KarlC@ (the obvious) |
#26
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Read it, and weep ...
"Swingman" wrote in message ... On 1/16/2010 11:47 AM, Jack Stein wrote: Even worse than that ... give me control of printing your money, and it makes no difference who you elect, in any branch of government. And still worse, let the federal government control the education system and it will control our kids minds. Rick Perry finally did something good by turning down the $750,000,000 offered by the feds to take control of our education system in Texas. Had he taken the money he would have traded what little control we have left in our childrens educations for "2" days funding of the education system in Texas. |
#27
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#28
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Read it, and weep ...
Swingman wrote:
She's 24, back in town from college and living on her own (as much as her Mom will allow, of course). If you were good parents, you'd have bought her a boat and let her go out to sea. |
#29
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Read it, and weep ...
On Sat, 16 Jan 2010 14:32:37 -0500, "Ed Pawlowski"
wrote: She's 24, back in town from college and living on her own (as much as her Mom will allow, of course). If you were good parents, you'd have bought her a boat and let her go out to sea. Yeah, but they should have done it 8 years ago. |
#30
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Read it, and weep ...
On Sat, 16 Jan 2010 13:12:52 -0600, "Leon"
wrote: "Swingman" wrote in message ... On 1/16/2010 10:59 AM, wrote: You didn't give your daughter's age, but I'll assume that she understood what she watched or that you explained anything she didn't understand. And, that leads me to my question. What did she say about the show and the current situation many now find themselves in? She's 24, back in town from college and living on her own (as much as her Mom will allow, of course). Keep in mind I've been preaching at her for 24 years, so she was already aware of the fact that, unless you're wealthy, you _always_ need to know to the penny how much money you have or someone is going to take it a way from you, banks being the first in line through credit/debit cards, usurious interest and fee structures. Thus far, she has not fallen into the trap, but did mention that almost all of her college classmates are drowning in debt, both credit card, and student loan, and acknowledges that they have been conditioned to be that way through the greed based machinations of bankers and their bought and paid for politicians. Likely learned from their parents. Good for the both of you. Absolutely! ...learned from her parents. |
#31
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Read it, and weep ...
On Fri, 15 Jan 2010 22:13:54 -0600, Swingman wrote:
http://www.nytimes.com/1999/09/30/bu...l?pagewanted=1 Read every SINGLE word!! Folks bought too much home for too little income. Shame on the government for encouraging this financial irresponsibility. Ginnie Mae bonds, AAA rated, very good. Fannie and Freddie are basically high-risk junk. |
#32
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Read it, and weep ...
On Sat, 16 Jan 2010 13:09:09 -0600, "Leon"
wrote: "Swingman" wrote in message ... On 1/16/2010 11:47 AM, Jack Stein wrote: Even worse than that ... give me control of printing your money, and it makes no difference who you elect, in any branch of government. And still worse, let the federal government control the education system and it will control our kids minds. Rick Perry finally did something good by turning down the $750,000,000 offered by the feds to take control of our education system in Texas. Had he taken the money he would have traded what little control we have left in our childrens educations for "2" days funding of the education system in Texas. If you want to believe it was turned down for such altruistic reasons, I guess that is your right. However, all of the school districts and even states saying that they are "turning down" the federal money are in fact accepting theTeacher Union's demands that they not be subjected to any evaluations or any significant measurement of individual performance. I really am not a fan of Obama, but his attempt to inject at least a little tiny bit of accountability into the teaching "profession" through this "race to the top" giveaway deserves some props. Dave Hall |
#33
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Read it, and weep ...
On Fri, 15 Jan 2010 23:16:03 -0500, the infamous "Ed Pawlowski"
scrawled the following: Swingman wrote: http://www.nytimes.com/1999/09/30/bu...l?pagewanted=1 Read every SINGLE word!! I read the first sentence and almost went into cardiac arrest. Ditto the first sentence. All I can say is "CHRIST, NOT AGAIN! Didn't they !@#$%#$ learn the first time?" Then I saw the 1999 date on the thing. -- The greatest fine art of the future will be the making of a comfortable living from a small piece of land. --Abraham Lincoln |
#34
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Read it, and weep ...
On Jan 16, 4:47*pm, Phisherman wrote:
On Fri, 15 Jan 2010 22:13:54 -0600, Swingman wrote: http://www.nytimes.com/1999/09/30/bu...ases-credit-to... Read every SINGLE word!! Folks bought too much home for too little income. I guess that is hard not to do if you live too far east or west. I am amazed, when we watch the real estate shows on HGTV. They are selling an older California or Massachusetts home and I'm thinking "that's a $170,000 home. Then they show the $750,000 price. We are still selling new $300,000 homes in the plains states for around $300,000, not $1.5M. RonB |
#35
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Read it, and weep ...
RonB wrote:
I guess that is hard not to do if you live too far east or west. I am amazed, when we watch the real estate shows on HGTV. They are selling an older California or Massachusetts home and I'm thinking "that's a $170,000 home. Then they show the $750,000 price. We are still selling new $300,000 homes in the plains states for around $300,000, not $1.5M. Some years ago a Cambridge MA resident was going to retire and move to Alabama. He put his house on the market and called a realtor in his soon to be new home town to set up appointments. When she heard the price range he was looking for, she replied "I don't think we have anything in that range". He ended up with a huge house on few acres on a river (dock and boat included) with fancy gardens and still put a few hundred thousand $ in the bank. |
#36
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Read it, and weep ...
"Ed Pawlowski" wrote in
: RonB wrote: I guess that is hard not to do if you live too far east or west. I am amazed, when we watch the real estate shows on HGTV. They are selling an older California or Massachusetts home and I'm thinking "that's a $170,000 home. Then they show the $750,000 price. We are still selling new $300,000 homes in the plains states for around $300,000, not $1.5M. Some years ago a Cambridge MA resident was going to retire and move to Alabama. He put his house on the market and called a realtor in his soon to be new home town to set up appointments. When she heard the price range he was looking for, she replied "I don't think we have anything in that range". He ended up with a huge house on few acres on a river (dock and boat included) with fancy gardens and still put a few hundred thousand $ in the bank. That's the problem with location, location, location. You can only put money in the bank going one way. Going back requires taking it out or a funny Fanny Mae. -- Best regards Han email address is invalid |
#37
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Read it, and weep ...
On Sun, 17 Jan 2010 07:24:52 -0800 (PST), RonB
wrote: On Jan 16, 4:47*pm, Phisherman wrote: On Fri, 15 Jan 2010 22:13:54 -0600, Swingman wrote: http://www.nytimes.com/1999/09/30/bu...ases-credit-to... Read every SINGLE word!! Folks bought too much home for too little income. I guess that is hard not to do if you live too far east or west. I am amazed, when we watch the real estate shows on HGTV. They are selling an older California or Massachusetts home and I'm thinking "that's a $170,000 home. Then they show the $750,000 price. We are still selling new $300,000 homes in the plains states for around $300,000, not $1.5M. Chicago though is on a coast and prices were getting surreal. Mark |
#38
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Read it, and weep ...
On Sun, 17 Jan 2010 10:43:11 -0500, "Ed Pawlowski"
wrote: RonB wrote: I guess that is hard not to do if you live too far east or west. I am amazed, when we watch the real estate shows on HGTV. They are selling an older California or Massachusetts home and I'm thinking "that's a $170,000 home. Then they show the $750,000 price. We are still selling new $300,000 homes in the plains states for around $300,000, not $1.5M. Some years ago a Cambridge MA resident was going to retire and move to Alabama. He put his house on the market and called a realtor in his soon to be new home town to set up appointments. When she heard the price range he was looking for, she replied "I don't think we have anything in that range". He ended up with a huge house on few acres on a river (dock and boat included) with fancy gardens and still put a few hundred thousand $ in the bank. ....and his property taxes likely were a quarter of what they were in MA. We bought 2x the house in Alabama, and the taxes are 25% of what they were in Vermont. |
#39
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Read it, and weep ...
Leon wrote:
"Swingman" wrote in message ... On 1/16/2010 11:47 AM, Jack Stein wrote: Even worse than that ... give me control of printing your money, and it makes no difference who you elect, in any branch of government. And still worse, let the federal government control the education system and it will control our kids minds. along those lines: http://www.signonsandiego.com/news/2...cuated-school- chollas-view/ Somebody in that school district, starting with the Vice Principal needs to sued, prosecuted, and/or fired. Stupidity *should* hurt. The parents won't be prosecuted, but should receive counseling. Why in heaven's name do *they* need counseling. The Vice Principal who wet himself over a science project at a school that *specializes" in technology is the one who needs counseling. What if the firefighters had found a can of gasoline or a propane bottle in the garage? Were the police then going to arrest someone? Rick Perry finally did something good by turning down the $750,000,000 offered by the feds to take control of our education system in Texas. Had he taken the money he would have traded what little control we have left in our childrens educations for "2" days funding of the education system in Texas. -- There is never a situation where having more rounds is a disadvantage Rob Leatham |
#40
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Read it, and weep ...
On 1/17/2010 11:51 PM, Mark & Juanita wrote:
along those lines: http://www.signonsandiego.com/news/2...cuated-school- chollas-view/ Somebody in that school district, starting with the Vice Principal needs to sued, prosecuted, and/or fired. Stupidity*should* hurt. The parents won't be prosecuted, but should receive counseling. Why in heaven's name do*they* need counseling. The Vice Principal who wet himself over a science project at a school that *specializes" in technology is the one who needs counseling. What if the firefighters had found a can of gasoline or a propane bottle in the garage? Were the police then going to arrest someone? The "educated beyond their intelligence" doing the educating ... -- www.e-woodshop.net Last update: 10/22/08 KarlC@ (the obvious) |
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