There is a happy medium here. I definitely want to do what I can to change the family tree financially. Would love to help give future generations a jumpstart. But I also want to enjoy the fruits of my labor now as well. I’m working towards both.
Coronavirus Coronavirus: In-Iowa General Discussion (Not Limited)
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There is a happy medium here. I definitely want to do what I can to change the family tree financially. Would love to help give future generations a jumpstart. But I also want to enjoy the fruits of my labor now as well. I’m working towards both.
Wisconsin may be opening up before the 26th. The State Supreme Court is likely to rule today that Evers' stay-at-home order is unconstitutional.
Just go save all your money and go full Bogleheads
https://www.bogleheads.org/forum/viewtopic.php?t=137593&p=2032190
(full disclosure, I like perusing their forums from time to time, but some of those posters have to lead pretty boring lives)
My family has always worked to ensure that the next generation has it better than then last. My generation is the first to attend college, even though we had to take care of it mostly on our own, my kids are attending and I'm paying or it to jumpstart them. Told them that if I can get them out of college with no debt and a dependable car for the first year of work, they should be able to have a good start.
Yeah and there won't be much choice but to lift it anyway if it does hold up, even if the numbers don't support it.
And they might as well as much as people aren't really abiding by the safety principles.
Oh, totally.
Going forward is going to be a hard break from what we knew before. Just the amount of debt capital spent in the past two months was going to have serious deleterious effects even if there was a quick bounce back. But there is not going to be much of a stimulus effect from any of it given it has only partially sustained people through the pause. Not to mention the psychological effect is real and you see it on this board every day.
The economic situation will have another whammy in a year. The state governments will be needing to trim somewhere, either solid cutbacks or larger tax increases. Neither one will be a good solution in a down economy.
Three counties in WI have the vast majority of the cases. Evers would have been much further ahead if he would have used a regional approach, as was done in some states.
Small rural hospitals in WI have begged Evers to release the order (at least in the northern half of the state) as they are on the verge of bankruptcy. No COVID patients, and no elective surgery patients.
It was two but Brown has exploded. Plants in Green Bay and I think it's one of the most poverty-stricken counties if not the most.
He's been pretty wishy washy and ended up letting some businesses open with restrictions just like restaurants. That could have been done earlier if it was one when it was.
He should have not made state parks free, and there should have been a better plan to see where things are in areas and allow for lifting a bit, such as the hospitals. I'm not sure if it needed to be regional, since people can travel anyway.
Speaking of which, those hospitals might see a good little push for business here in a month as tourists will continue going there.
Because you are not selfish and don't really want a lot of toys in life? Just not important. Like I said he could've spent more but didn't really want anything. It's a heck of a lot easier knowing you'll be fine regardless of what new crisis lies around the corner, whereas, if you are highly leveraged things get quite stressful really quickly.
You know how our grandparents who lived thru the depression saved every last dime, never threw anything out, and never trusted the stockmarket at all? There's gonna be some of that out of this.
To the extent that it encourages people to be financially responsible and not wasteful, its good. To the extent that people live their lives in fear with cash stuffed in matresses, it's bad.
I wish she would ask test iowa to test people that don’t meet the selected criteria. If there really aren’t enough symptomatic people for them to test. Why not start testing others? Wasn’t that the point of test iowa?
All the more reason the federal government needs to be backfilling the states' budgets here. Nothing extravagant, but just to backfill what they would have expected to receive from tax revenues had the pandemic not hit.
I think there will be some but the Great Depression also predates the credit card. Maybe it will sink in if this goes on for 4 years.
I can think of many people in a small circle of friends and acquaintances that just want to get back to spending money like it never runs out on things they have no use for or that are unhealthy for them. I was told about one person this past weekend that was posting on FB for advice on where to go to get some type of special alcohol because they needed to party for the Kentucky Derby...to me there's many like this out there, that also didn't learn from '08-09. *this person goes in the 'acquaintance' file.
Can you please define what partisan politics amounts to? You’re one of the most partisan posters on this site. I eagerly await your response/ my next banning.
I and other mods have been clear - don't discuss party affiliation / partisanship. Don't discuss elections. Don't discuss other divissive political topics outside COVID-19. It is fine to discuss opinions of the Governor or other politician's actions, as long as it isn't done in a partisan fashion.
If you can't abide by the direction of the moderators, then discuss it in the political forum or stay out of the thread altogether. There's no debating this.
I will be interested in seeing how the state approaches the budget next year. Are there provisions to run a deficit for extraordinary times? Can they put out bonds to spread the loss out over several years? I just don't see how they'll be able to balance a budget. It's not like the AG economy is going to sustain the state right now.
The Ag. economy is in shambles right now. I honestly can't give you a sector in Ag. that is looking profitable as of this moment. Iowa has some good reserves so I could see some small cuts and emptying those out. The issue will be next year if the economy doesn't get back to a semblance of before. We are only supposed to spend 99% of the tax revenue we collect, or at least budget to spend 99%. If I remember right, Iowa legislature held back and left a larger cushion so could be ok, unless they went crazy at the end.
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