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Joint Discussion: How long can "indefinitely" last?

Mr. Friscus

Governor
I think it's entirely irresponsible to have things closed "indefinitely". I think you set tabbed markers of when to look forward to, and then reconsider. Trump did that with Easter (the media freaked out as if he was 100% literal and not just throwing a branch of possibility and hope, but that's another issue)

But this is mainly in regards to the economy. Loss of life and the economy are not mutually exclusive. If you purposefully nuke the economy, you're going to cause not only massive suffering but death in areas. Infrastructure supports human life, and infrastructure can only last so long when you're purposefully de-monetizing it.

What's the answer? I don't really hear any. Keep printing money until my $1 becomes 25 cents? How can the government expect to withhold civil liberties for an "indefinite" amount of time? I think the populace will play ball for a defined period, but man, some of this talk coming from governors and such.. they expect all of us to just stay locked away for 6 months if we have to... I've got news for them, that's not going to probably happen.

What do you think?
 
I think it's entirely irresponsible to have things closed "indefinitely". I think you set tabbed markers of when to look forward to, and then reconsider. Trump did that with Easter (the media freaked out as if he was 100% literal and not just throwing a branch of possibility and hope, but that's another issue)

But this is mainly in regards to the economy. Loss of life and the economy are not mutually exclusive. If you purposefully nuke the economy, you're going to cause not only massive suffering but death in areas. Infrastructure supports human life, and infrastructure can only last so long when you're purposefully de-monetizing it.

What's the answer? I don't really hear any. Keep printing money until my $1 becomes 25 cents? How can the government expect to withhold civil liberties for an "indefinite" amount of time? I think the populace will play ball for a defined period, but man, some of this talk coming from governors and such.. they expect all of us to just stay locked away for 6 months if we have to... I've got news for them, that's not going to probably happen.

What do you think?
As long as social isolation poses less of a threat to their lives than the corona virus.
 

EatTheRich

President
I think it's entirely irresponsible to have things closed "indefinitely". I think you set tabbed markers of when to look forward to, and then reconsider. Trump did that with Easter (the media freaked out as if he was 100% literal and not just throwing a branch of possibility and hope, but that's another issue)

But this is mainly in regards to the economy. Loss of life and the economy are not mutually exclusive. If you purposefully nuke the economy, you're going to cause not only massive suffering but death in areas. Infrastructure supports human life, and infrastructure can only last so long when you're purposefully de-monetizing it.

What's the answer? I don't really hear any. Keep printing money until my $1 becomes 25 cents? How can the government expect to withhold civil liberties for an "indefinite" amount of time? I think the populace will play ball for a defined period, but man, some of this talk coming from governors and such.. they expect all of us to just stay locked away for 6 months if we have to... I've got news for them, that's not going to probably happen.

What do you think?
It’s become obvious that our economic system is unviable if people only get what they need. And that it is incompatible with the sort of large-scale construction of hospitals and production of medical gear needed to keep us safe and put us back to work. Time for socialism.
 

SW48

Administrator
Staff member
Supporting Member
I think it's entirely irresponsible to have things closed "indefinitely". I think you set tabbed markers of when to look forward to, and then reconsider. Trump did that with Easter (the media freaked out as if he was 100% literal and not just throwing a branch of possibility and hope, but that's another issue)

But this is mainly in regards to the economy. Loss of life and the economy are not mutually exclusive. If you purposefully nuke the economy, you're going to cause not only massive suffering but death in areas. Infrastructure supports human life, and infrastructure can only last so long when you're purposefully de-monetizing it.

What's the answer? I don't really hear any. Keep printing money until my $1 becomes 25 cents? How can the government expect to withhold civil liberties for an "indefinite" amount of time? I think the populace will play ball for a defined period, but man, some of this talk coming from governors and such.. they expect all of us to just stay locked away for 6 months if we have to... I've got news for them, that's not going to probably happen.

What do you think?
While my family and I are quarantining as much as possible, this shut down is almost unamerican. It is hard to believe a country that is making the choice for life over peoples livelihood also allows abortion.

Like I said I am for the actions they are taking but I understand those who are not.

At some point if I lose my job I would rather at some point walk away from my house than put mortgage payments on a credit card.
 
While my family and I are quarantining as much as possible, this shut down is almost unamerican. It is hard to believe a country that is making the choice for life over peoples livelihood also allows abortion.

Like I said I am for the actions they are taking but I understand those who are not.

At some point if I lose my job I would rather at some point walk away from my house than put mortgage payments on a credit card.
Pay your mortgage.
 

SW48

Administrator
Staff member
Supporting Member
Pay your mortgage.
If I lose my job for a significant period of time why would on pay for the mortgage?

I bought a house for my family of 6 back in 1999.

I had a realestate agent in last month. She said what she would put it on the market for and what it would sell for. I would actually have to pay the bank about $25,000 to sell the house and I would have nothing obviously to buy another house with. 21 years and the house value went down significantly. Cost of sale and a few repairs (roof and front steps) that are needed would put me at about minus -$55,000 if I sold today. I would have to cash out my 401k in order to pay everything to sell. It would be easier to just hand the bank the keys. yes/no?
 
If I lose my job for a significant period of time why would on pay for the mortgage?
You signed on the dotted line that you would pay it back. It would be unethical not to pay it back.
I bought a house for my family of 6 back in 1999.

I had a realestate agent in last month. She said what she would put it on the market for and what it would sell for. I would actually have to pay the bank about $25,000 to sell the house and I would have nothing obviously to buy another house with. 21 years and the house value went down significantly. Cost of sale and a few repairs (roof and front steps) that are needed would put me at about minus -$55,000 if I sold today. I would have to cash out my 401k in order to pay everything to sell. It would be easier to just hand the bank the keys. yes/no?
Easy doesn't make it the right thing to do.
 

SW48

Administrator
Staff member
Supporting Member
You signed on the dotted line that you would pay it back. It would be unethical not to pay it back.

Easy doesn't make it the right thing to do.
There is nothing easy about a country shutting your work down either, which of course would be the actual reason for the default.

When you sign on the dotted line you have a job and know if you lose it you can get another.

In this case the government took your job and there are no jobs to go and get.

The bank can work with me or they can have the keys. There choice.
 

EatTheRich

President
You signed on the dotted line that you would pay it back. It would be unethical not to pay it back.

Easy doesn't make it the right thing to do.
Usury is an inherently predatory business and this crisis is revealing just how ugly it should be. There should be a national moratorium on rent and mortgage payments for the duration of the crisis.
 
There is nothing easy about a country shutting your work down either, which of course would be the actual reason for the default.

When you sign on the dotted line you have a job and know if you lose it you can get another.
How do you know you can get another job?
In this case the government took your job and there are no jobs to go and get.
Kroger, Walmart, and Amazon are hiring
The bank can work with me or they can have the keys. There choice.
If I said this about my student loans right-wingers would have a conniption.
 
Usury is an inherently predatory business and this crisis is revealing just how ugly it should be.
Mortgages rate are far from usurious
There should be a national moratorium on rent and mortgage payments for the duration of the crisis.
Everyone knows full well, when and how much money is due when they buy a house. They know the consequences of not paying. They should face the consequences of their own poor decisions.
 

Bugsy McGurk

President
I think it's entirely irresponsible to have things closed "indefinitely". I think you set tabbed markers of when to look forward to, and then reconsider. Trump did that with Easter (the media freaked out as if he was 100% literal and not just throwing a branch of possibility and hope, but that's another issue)

But this is mainly in regards to the economy. Loss of life and the economy are not mutually exclusive. If you purposefully nuke the economy, you're going to cause not only massive suffering but death in areas. Infrastructure supports human life, and infrastructure can only last so long when you're purposefully de-monetizing it.

What's the answer? I don't really hear any. Keep printing money until my $1 becomes 25 cents? How can the government expect to withhold civil liberties for an "indefinite" amount of time? I think the populace will play ball for a defined period, but man, some of this talk coming from governors and such.. they expect all of us to just stay locked away for 6 months if we have to... I've got news for them, that's not going to probably happen.

What do you think?
The best thing we could do for the economy (and peoples’ lives) is to keep things partially shut down until we get over “the hump” with the disease. Because if we don’t get over the hump with our medical system still intact you can forget about the economy. We will have a complete breakdown of society. Bill Gates has spoken wisely on this subject

And even if we get past the hump with the nation intact, don’t expect all doors to be flung open immediately. It will be a gradual process and will vary from place to place.

I started a thread on this topic - what comes next, including the federal planning that should be taking place - but wingers just yelled at me instead of discussing the topic.

Here’s that thread...

 
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SW48

Administrator
Staff member
Supporting Member
Mortgages rate are far from usurious

Everyone knows full well, when and how much money is due when they buy a house. They know the consequences of not paying. They should face the consequences of their own poor decisions.
I am willing to accept those consequences.

Do you know what they would be?
 
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