Rising costs of everything........

dorndawg

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Sep 10, 2012
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No, the adults gaming the poor system that's costing us all billions.
Sure, I’m against all fraud. While we look for poor people scamming food stamps for $40 a month, let’s do small business owners scamming millions from SBA, doctors bilking Medicaid, highway construction companies overcharging and under delivering. I bet we can come up with some more if we put our heads to it?
 
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OG Goat Holder

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Sure, I’m against all fraud. While we look for poor people scamming food stamps for $40 a month, let’s do small business owners scamming millions from SBA, doctors bilking Medicaid, highway construction companies overcharging and under delivering. I bet we can come up with some more if we put our heads to it?
Nawwww man, we gots to FAHHHHHR all those lazy IRS and FBI agents that are actually making people follow the law. FUG EM, roll tyde
 

johnson86-1

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Aug 22, 2012
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Sure, I’m against all fraud. While we look for poor people scamming food stamps for $40 a month, let’s do small business owners scamming millions from SBA, doctors bilking Medicaid, highway construction companies overcharging and under delivering. I bet we can come up with some more if we put our heads to it?
I don't think he's talking about fraud, I think he's talking about offering short term incentives that encourage behavior that is reckless and destructive in the long term to people with low conscientiousness. There shouldn't be an implicit marginal tax rate over 50% and there should at some point be a reduction in benefits when you have children while on means tested welfare.
 

IBleedMaroonDawg

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aint nobody got time for that GIF


Even if this thread solves the national financial issues, it hasn't solved our 3-point average or our lineman issues. I also love how they are making fun of somebody who has done more in five days than the previous administration did in four years, good or bad at least he's trying to do something other than walk up the stairs.
 

dorndawg

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I don't think he's talking about fraud, I think he's talking about offering short term incentives that encourage behavior that is reckless and destructive in the long term to people with low conscientiousness. There shouldn't be an implicit marginal tax rate over 50% and there should at some point be a reduction in benefits when you have children while on means tested welfare.
I bet the leader who has his own shiiitcoin crypto will be the one to fix this.
 
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johnson86-1

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Nawwww man, we gots to FAHHHHHR all those lazy IRS and FBI agents that are actually making people follow the law. FUG EM, roll tyde
Good, ethical tax and law enforcement is vital. But the IRS and FBI as currently constructed are not that. It's why it's criminal that all the bad actors in both are getting off with less than slaps on the wrist, because it makes it impossible to fund. We need more small and medium size business audits and less effort discriminating against nonprofits for political reasons, but having the latter makes it easy to politically fight against the former.
 
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ETK99

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Sure, I’m against all fraud. While we look for poor people scamming food stamps for $40 a month, let’s do small business owners scamming millions from SBA, doctors bilking Medicaid, highway construction companies overcharging and under delivering. I bet we can come up with some more if we put our heads to it?
I'm fine with cutting anything back that's being gamed. Our government is well past inefficient. If I'm a betting man, you're about to see taxes rise in a big way and government programs cut. But I'll say, I'm not seeing business owners injury people just to get an extra check.
 

OG Goat Holder

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Good, ethical tax and law enforcement is vital. But the IRS and FBI as currently constructed are not that. It's why it's criminal that all the bad actors in both are getting off with less than slaps on the wrist, because it makes it impossible to fund. We need more small and medium size business audits and less effort discriminating against nonprofits for political reasons, but having the latter makes it easy to politically fight against the former.
Who do you think tells them what to do? Are you sure you're blaming the correct people?
 

johnson86-1

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Definitely truth here. A generation ago, Jackson Prep was like $6,000 for tuition and it was by far the highest. Schools like UCS were like $3,200. Prep just increased their tuition to $18,000. Having three kids in a private school in Jackson now can easily run $40-$50k just for tuition. That is absurd.

One of the dads I'm friends with is struggling bad. Reunion. Two kids in private school. Multiple vacations. He told me recently he is maxed out on Home Equity, credit cards and even a personal signature loan. Doesn't know how he's going to make it. Wife has a college degree and won't work a full time job because it would cramp her style.

She filed for divorce after Christmas. She's going to get the kids and everything. Her parents will bail her out. He will have to file for bankruptcy.
Even worse, if he gets the wrong judge, the fact that she's spending everything they make and more is going to increase the amount of money he owes her rather than counting against her. It's one of the most bat **** parts of a bat **** system that a wife that helps her husband manage his money wisely gets penalized in the lifestyle calculation if she qualifies for alimony.
 

Darryl Steight

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Sep 30, 2022
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When someone's bar is set so low that it doesn't matter if what's being done is good or bad, a hard reset on perspective is needed.
What one person thinks is bad, someone else thinks is good. But besides that, what I think IBMD was actually saying was, sometimes the pot needs to be stirred to get things moving.

In other words, if you're the president, you can't hide in the basement or at the beach for months at a time and expect things to get better. Do something. At least that's how I interpreted his comment.
 
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dorndawg

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What one person thinks is bad, someone else thinks is good. But besides that, what I think IBMD was actually saying was, sometimes the pot needs to be stirred to get things moving.

In other words, if you're the president, you can't hide in the basement or at the beach for months at a time and expect things to get better. Do something. At least that's how I interpreted his comment.
Is it worth mentioning the Biden administration accomplished more legislatively than any in 60+ years? Hell just the CHIPS act alone is far more consequential than anything trump I proposed.

Think it's bad policy? Fine! But if you think biden was "in the basement or at the beach" - that's simply not reality based
 
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pseudonym

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I don’t get the comparison of gold and bitcoin. Gold has been valuable since man discovered it. Bitcoin is a number on a computer. How do you use it if you can’t access a connection to the internet?

In a true nightmare scenario, you think someone is trading you something tangible of value for a number on a computer?
You bring up a valid concern about bitcoin’s reliance on the internet, but I think people often make two key miscalculations when considering this issue:
  1. Overestimating the likelihood of scenarios that disrupt bitcoin's use: Scenarios like extended internet outages over a large area are often invoked as a criticism of bitcoin. However, such events are rare and would likely require catastrophic conditions. The internet is incredibly resilient, with redundant infrastructure and satellite-based systems becoming more widespread. Even in isolated outages, alternative methods like mesh networks or offline transaction tools (e.g., via QR codes or radio waves) have been explored as solutions for bitcoin.
  2. Underestimating how much these scenarios would disrupt everything else: If we’re in a world where bitcoin can’t function due to a lack of internet, the disruption to traditional financial systems—like banks, stock markets, credit card networks, and even fiat currency distribution—would likely be even greater. Banking systems rely heavily on centralized infrastructure and internet-based operations, meaning they’re far from immune to such disruptions.
It’s about understanding trade-offs: Bitcoin is designed to be resilient and independent of centralized control, which gives it unique advantages in many scenarios—particularly in contexts where trust in traditional institutions is eroded.

There are many articles that address this issue. Here is one example if you want a more thorough answer (7-minute read):

Summary:
Bitcoin is designed for maximum survivability, and so is the Internet. The Internet itself is extremely unlikely to go down permanently. Bitcoin is largely unaffected by temporary local outages of Internet service — with the only loss of service to those affected by outages being a temporary inability to spend their Bitcoin.

Bitcoin cannot be censored because it relies only on simple text transfer of very small bursts of information that can be easily concealed. Even in the event of a catastrophic and permanent shutdown of the Internet, there would be ways to continue to operate the Bitcoin network using less efficient text transmission technologies, including things like handwritten messages on paper.
 

Seinfeld

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Nov 30, 2006
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The amount of divorce amongst people I know (friends and acquaintances) has skyrocketed in the past 5 years. All with school aged children. Wives are living their best life on Instagram while the husbands are barely able to get up in the morning because of despair.

Like I said - young guys that are just here to talk Mississippi State sports - take heart - pick a good wife. Its the most important financial decision you will make.
Thank the good lord that I did hit the lottery with my soul mate in marriage almost 20 years ago, but I do feel like I've witnessed more of what you're talking about during the last few years than any other point in my life.

My wife's a gem, and I'm dead serious about that, but the women in her family are.... well, something. No matter the occasion, when my MiL and any combination of women from their family get together, it is one snarky comment after another about the men in their lives that are bankrolling everything they do while they either enjoy stress free/ low paying jobs, retirement, and planning the next girls night every... single... week. Then, just to add a little salt to the wound, rest assured that you're going to hear an hour of b*tching about all of the disrespect towards women, unfair pay, and poor management that they've had to endure throughout their lives too. My MiL has literally told my daughter, "when I was your age, we weren't allowed to have an opinion."

With every damn one of them, I've thought to myself at one time another... you just wait til the day when something either happens to the dude you're crapping on or else he just decides that he's had enough of your BS, and sure enough, that day came for one of them not too long ago. Now, this particular one is actually not all that bad compared to the rest of them, but let me tell you that she has been having a 3-mo long nervous breakdown because she doesn't know what to do without him. No money, doesn't know what to do with her bills, doesn't know who to call for maintenance, etc.

Anyway, I guess I say all that to say that your advice about picking a good one could not be more spot on
 

IBleedMaroonDawg

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Nov 12, 2007
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Is it worth mentioning the Biden administration accomplished more legislatively than any in 60+ years? Hell just the CHIPS act alone is far more consequential than anything trump I proposed.

Think it's bad policy? Fine! But if you think biden was "in the basement or at the beach" - that's simply not reality based
It's only been five days, and he's already brought in 500 billion and 600 billion in consecutive deals. Give him time.
 

dorndawg

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It's only been five days, and he's already brought in 500 billion and 600 billion in consecutive deals. Give him time.
I did see his tech owners got the greenlight to do their ai projects after he got paid off. Was there some meaningful policy or legislation I missed?
 
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Perd Hapley

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If your primary savings vehicle is bitcoin, everything gets cheaper over time.

View attachment 749043

This certainly would be fantastic advice…..except for the tiny caveat that you would end up homeless after making a room full of attorneys and lenders laugh for 30 minutes straight before telling you to go 17 yourself when you pulled out your thumb drive at the closing table for the home purchase.
 
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pseudonym

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Oct 6, 2022
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The Russians invaded, here... write down this hash real quick and don't say I never gave you anything.
I know you're kidding, but if we're invaded or otherwise face a catastrophic event, bitcoin is going to be the easiest and most secure way to transport or transfer wealth.

That was an aha moment for me in 2016: I can generate a private key, send bitcoin to an address secured by that private key, cross any political boundary, restore that private key anywhere in the world using a 12-word seed phrase.

Explained (9-minute read):
 

PooPopsBaldHead

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thats why god created microstrategy...take a look
Last year was a big year for MSTR investors. It finally got back to its March 2000 high. It's returned a whopping 26% now over the last 25 years. NVDA has returned 71,925% over the same time frame. I'll Pass.

Michael Saylor is a 17ing crook. That douche' single handedly burst the dotcom bubble. His involvement in BTC is one of the most bearish things about it.
 

mstateglfr

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That was an aha moment for me in 2016: I can generate a private key, send bitcoin to an address secured by that private key, cross any political boundary, restore that private key anywhere in the world using a 12-word seed phrase.
I have never even come close to contemplating an exit strategy to this degree. Like it hasnt even crossed my mind, and I am a planner.
That was an 'aha moment' for you?

My aha moments are things like when I figure out what speaker setting my Teams meeting chose to use that day when I am working at home since its sometimes different from what it defaults to in my office.
Your aha moments are way cooler than mine.
 

pseudonym

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Oct 6, 2022
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I have never even come close to contemplating an exit strategy to this degree. Like it hasnt even crossed my mind, and I am a planner.
That was an 'aha moment' for you?

My aha moments are things like when I figure out what speaker setting my Teams meeting chose to use that day when I am working at home since its sometimes different from what it defaults to in my office.
Your aha moments are way cooler than mine.
Haha to be clear, when I say aha moment, I mean in understanding how bitcoin works. I don't make a habit of crossing political boundaries with a 12-word seed phrase in my head. I don't expect I ever will.

Bitcoin is secured by private keys. Private keys are information. Information can be stored in digital or analog format. You don't need a computer to hold or transport bitcoin. Seems basic now, but that really helped me.
 

IBleedMaroonDawg

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Nov 12, 2007
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I did see his tech owners got the greenlight to do their ai projects after he got paid off. Was there some meaningful policy or legislation I missed
I am out. I am not a financial genius. I'll let someone else solve the national debt problem. When you start talking about billions and trilions, I have no idea what you're talking about

I'm back to watching diners, drive-ins, and dives. Have a good day.!
 

Perd Hapley

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Sep 30, 2022
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Bitcoin is secured by private keys. Private keys are information. Information can be stored in digital or analog format. You don't need a computer to hold or transport bitcoin. Seems basic now, but that really helped me.
You don’t need a computer to “send bitcoin to an address secured by that private key”? Please explain.
 

pseudonym

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Oct 6, 2022
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You don’t need a computer to “send bitcoin to an address secured by that private key”? Please explain.
To be clear, when I say transport bitcoin, I'm not talking about an on-chain transaction. My post was in the context of someone crossing political boundaries with bitcoin. You can travel with an unlimited amount of value using a 12-word seed phrase. Compare this to logistics of transporting a significant amount of gold.

To summarize:
  • To hold or transport bitcoin, you don’t need a computer. The private key itself, in analog form, is sufficient. You could carry a piece of paper with a 12-word seed phrase written on it or even memorize it ("brain wallet").
  • To transfer bitcoin from one address to another on-chain, however, a computer (broadly defined) is necessary. This could be a smartphone, hardware wallet, or any device capable of signing a bitcoin transaction and broadcasting to the bitcoin network.
 
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Mobile Bay

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Jul 26, 2020
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It's the same damn thing that caused us to have Penn State defending a pedophile coach. No one can admit when their team is wrong.

Economically from January, 2017 - February 2020, Trump did a lot of things right. From March 2020 through the end of his term, he put us on an economic spiral that will get out of control. Biden came in and pushed it a little more in the wrong direction before pulling back but not enough.

We need 12% mortgages and an unemployment rate near 8% before this gets fixed. It would take about six months to fix the economy. But no one is willing to rip the bandaid off so we continue to bleed out slowly.
8% unemployment would kill a couple of million people. No thanks.
 

PooPopsBaldHead

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Dec 15, 2017
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8% unemployment would kill a couple of million people. No thanks.
Ah horse shìt. That's not a real number. Please cite your source.

The unemployment number hit 10% during the great recession and mortality actually decreased by 2.3%, driven by even great reductions among high school graduates and higher educated. People cut back on things that tend to kill us during hard economic times

Study on Mortality From Great Recession
 
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615dawg

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8% unemployment would kill a couple of million people. No thanks.

There is only one way to effectively fight inflation, and that is to decrease M2.

There are only two ways to effective decrease M2 - raise interest rates or increase unemployment. History tells us that a little of both is better than a lot of one.

We have to do something to curb inflation. I watched Trump's press conference in Los Angeles yesterday and thought that was amazing and "Good Trump." He was in his element and he was 100% correct on water and forest management. But the day before when he was demanding the Fed lower interest rates is "Bad Trump." If you make money cheaper, M2 will continue to rise and the price of everything will continue to get out of hand.

I tend to think that a Fed Funds rate around 7 and unemployment around 7 will get things moving in the right direction. We are at 4.5 fed funds (5.5 a year ago) and 4.1 unemployment (3.7 a year ago). The reason we are showing signs of stagflation is that we aren't moving these two things together.

You want something that will destroy this country? Prolonged stagflation is at the top of the list. Stagflation is inflation with slow economic growth and there is no cure.
 
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ETK99

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Jul 30, 2019
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There is only one way to effectively fight inflation, and that is to decrease M2.

There are only two ways to effective decrease M2 - raise interest rates or increase unemployment. History tells us that a little of both is better than a lot of one.

We have to do something to curb inflation. I watched Trump's press conference in Los Angeles yesterday and thought that was amazing and "Good Trump." He was in his element and he was 100% correct on water and forest management. But the day before when he was demanding the Fed lower interest rates is "Bad Trump." If you make money cheaper, M2 will continue to rise and the price of everything will continue to get out of hand.

I tend to think that a Fed Funds rate around 7 and unemployment around 7 will get things moving in the right direction. We are at 4.5 fed funds (5.5 a year ago) and 4.1 unemployment (3.7 a year ago). The reason we are showing signs of stagflation is that we aren't moving these two things together.

You want something that will destroy this country? Prolonged stagflation is at the top of the list. Stagflation is inflation with slow economic growth and there is no cure.
The housing issue is the only thing that drives rate talk right now and the GSEs are about to make it easier than ever to get a home without investing money in a down payment. Heck, they're even eliminating appraisal requirements. By the way, the GSEs shouldn't be government run. Of course, Trump is claiming to be removing about 11 million people from the country, so there's that.
 

Podgy

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Oct 1, 2022
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My MiL has literally told my daughter, "when I was your age, we weren't allowed to have an opinion."
Women in America were never allowed to have an opinion until yesterday. Not that long ago they were all chained to stoves and had their mouths duct taped because of the brutal, oppressive patriarchy. If you know anything about women, it's that they rarely speak or share views about others even today.

I agree with some earlier comments. Pick a good wife and someone you think will make a good mother. Love her and treat her well and you'll have a rewarding life.
 
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Anon1717806835

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That was an aha moment for me in 2016: I can generate a private key, send bitcoin to an address secured by that private key, cross any political boundary, restore that private key anywhere in the world using a 12-word seed phrase.
How is this any different than a debit or ATM card?
 

thatsbaseball

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May 29, 2007
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Women in America were never allowed to have an opinion until yesterday. Not that long ago they were all chained to stoves and had their mouths duct taped because of the brutal, oppressive patriarchy. If you know anything about women, it's that they rarely speak or share views about others even today.

I agree with some earlier comments. Pick a good wife and someone you think will make a good mother. Love her and treat her well and you'll have a rewarding life.
Ahh the good old days

1737819837584.png
 

johnson86-1

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Aug 22, 2012
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There is only one way to effectively fight inflation, and that is to decrease M2.

There are only two ways to effective decrease M2 - raise interest rates or increase unemployment. History tells us that a little of both is better than a lot of one.

We have to do something to curb inflation. I watched Trump's press conference in Los Angeles yesterday and thought that was amazing and "Good Trump." He was in his element and he was 100% correct on water and forest management. But the day before when he was demanding the Fed lower interest rates is "Bad Trump." If you make money cheaper, M2 will continue to rise and the price of everything will continue to get out of hand.

I tend to think that a Fed Funds rate around 7 and unemployment around 7 will get things moving in the right direction. We are at 4.5 fed funds (5.5 a year ago) and 4.1 unemployment (3.7 a year ago). The reason we are showing signs of stagflation is that we aren't moving these two things together.

You want something that will destroy this country? Prolonged stagflation is at the top of the list. Stagflation is inflation with slow economic growth and there is no cure.
We don’t have to decrease M2, we just have to stop increasing it. we are not going to be able to have deflation and reverse past inflation. All we can do is stabilize the money supply.

Realistically, to do that, we have to cut spending by the federal government, which assuming we are not going to cut Medicare or social security, pretty much means decreasing defense a good bit and drastically cutting everything else. If we don’t do that, the fed is more or less going to be forced to keep creating money.
 

johnson86-1

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Aug 22, 2012
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I agree with some earlier comments. Pick a good wife and someone you think will make a good mother. Love her and treat her well and you'll have a rewarding life.
A pretty woman makes her husband look small
And very often causes his downfall
As soon as he marries her then she starts
To do the things that will break his heart
… But if you make an ugly woman your wife
you'll be happy for the rest of your life
An ugly woman cooks meals on time
And she'll always give you peace of mind
… If you wanna be happy for the rest of your life
Never make a pretty woman your wife
So from my personal point of view
Get an ugly girl to marry you
… Don't let your friends say you have no taste
Go ahead and marry anyway
Though her face is ugly, her eyes don't match
Take it from me, she's a better catch
… If you wanna be happy for the rest of your life
Never make a pretty woman your wife
So from my personal point of view
Get an ugly girl to marry you
… Say man!
Hey baby!
I saw your wife the other day!
Yeah?
Yeah, an' she's ug-leeee!
Yeah, she's ugly, but she sure can cook, baby!
Yeah, alright!
… If you wanna be happy for the rest of your life
Never make a pretty woman your wife
So from my personal point of view
Get an ugly girl to marry you
 

johnson86-1

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Aug 22, 2012
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The housing issue is the only thing that drives rate talk right now and the GSEs are about to make it easier than ever to get a home without investing money in a down payment. Heck, they're even eliminating appraisal requirements. By the way, the GSEs shouldn't be government run. Of course, Trump is claiming to be removing about 11 million people from the country, so there's that.
That would be typical. Government holds back supply with one hand and then decides to “fix it” by subsidizing demand.
 
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