Economic Meltdown Impact on Admissions

<p>I guess the Feds REALLY need the money!!</p>

<p>Subject: senate bill SB-2099 / amendment to internal revenue act of 1986 </p>

<p>Senate Bill SB-2099 will require us to put on our 2009 1040 federal tax<br>
form all guns that you have or own. It may require fingerprints and a tax<br>
of $50 per gun. </p>

<p>This bill was introduced on Feb. 24. This bill will become public<br>
knowledge 30 days after it is voted into law. This is an amendment to the<br>
Internal Revenue Act of 1986. This means that the Finance Committee can<br>
pass this without the Senate voting on it at all… </p>

<p><a href=“http://www.opencongress.org/bill/111-h45/text[/url]”>http://www.opencongress.org/bill/111-h45/text&lt;/a&gt; </p>

<p>The full text of the proposed amendment is on the U.S. Senate homepage,<br>
[U.S</a>. Senate](<a href=“U.S. Senate: 404 Error Page”>http://www.senate.gov/) You can find the bill by doing a search by the bill
number, SB-2099.</p>

<p>Sarum, I guess the IRS will need to know in the years to come how many guns we have when they get ready to storm our houses to arrest us for having gold instead of useless scrip stuffed under our mattresses.</p>

<p>Good point Toombs 61 :slight_smile: Is there going to be a new Federal possession tax on gold also? I got some in my teeth, they will have to pry from my cold dead mouth!</p>

<p>Wow, Sarum, this is such an old and stale rumor, a quick search would have revealed how ridiculous this is. [SB-2099</a> - Diabolical Conspiracy to Tax Handguns - Urban Legends](<a href=“http://urbanlegends.about.com/library/weekly/aa091900a.htm]SB-2099”>http://urbanlegends.about.com/library/weekly/aa091900a.htm). The link you posted does not support this claim and there is no SB. 2009. It is just a stupid, widely emailed, rumor (lie). Sorta like death panels.</p>

<p>Just wanted to make sure you were still with us emdee:)</p>

<p>I see that 53 economists have announced that the worst of the economy is now behind us. </p>

<p>Oh, really? How can that be when we are still suffering from a decline in housing, jobs, sales, and profits, along with experiencing continual deflation? </p>

<p>Just because the stock market has been rebounding since March, it doesn’t mean that the economy is rebounding. Remember: In 1930, the stock market bounce was five months. The stock market is not the best indicator of the economy. And as for this uptick in the market, it seems to be derived from the US government printing and giving away money. In the end, I fear that this stimulus spending is misleading us into thinking that we are coming out of this recession/depression, instead of leading us out of it.</p>

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<p>Andover hasn’t closed their waitlist to the best of my understanding. At the beginning of July, they sent letters to at least some of the students on the waitlist asking if they were still interested.</p>

<p>Uroogla, I’ve read that Andover’s yield this year was 78% and they received the needed 350 deposit checks by April 10. If they went to waitlists in July, does that mean some families (new or returing) changed their minds during summer?</p>

<p>53 Federally “bought off” economists.
Prime Mortgages are about to hit the fan. [Mortgage</a> defaults spread as even ‘safe’ borrowers falter - Sacramento Business, Housing Market News | Sacramento Bee](<a href=“http://www.sacbee.com/business/story/2017811.html]Mortgage”>http://www.sacbee.com/business/story/2017811.html)
How can so many families who have suffered loss of incomes continue to pay their prime loans? Didn’t two more banks fail this week? [Three</a> Banks Fail as 2009 U.S. Total Rises to 72 - WSJ.com](<a href=“http://online.wsj.com/article/SB124968398972615633.html]Three”>http://online.wsj.com/article/SB124968398972615633.html)</p>

<p>I can’t imagine what these 53 have been smoking.</p>

<p>@NoDrama
That is certainly possible - I believe we decided somewhere on these forums that Andover was keeping the waitlist open in case of “summer meltdown” or whatever the term is for when students who were going to attend change their mind/can’t afford the tuition.</p>

<p>Any idea how many they took from the wl?</p>

<p>That I don’t know, though I do know there were at least 25 interested in remaining on the waitlist as of early July.</p>

<p>Uncle Warren speaks:</p>

<p>[Buffett:</a> Economy May Mend, But Inflation Will Wound – 24/7 Wall St.](<a href=“http://247wallst.com/2009/08/19/buffett-economy-may-mend-but-deficit-will-wound/]Buffett:”>http://247wallst.com/2009/08/19/buffett-economy-may-mend-but-deficit-will-wound/)</p>

<p>I’ve been following this thread for a while. It seems to me that many posts are about the “econmic meltdown” and few about its “impact on admissions”. Now I am not criticizing, but I wonder if there can be something more constructive out of this discussion. Everyone gets it - the economy is bad. However - IMO - how we can help each other not to lose hope in difficult times and get through the mission of getting our kids the excellent education we all believe BS can offer with practical tips should be the focus of this discussion.</p>

<p>NoDrama you can turn this thread around with one post.:)</p>

<p>Business as usual:</p>

<p>[Green</a> Shoots? Somebody’s Smoking 'Em](<a href=“Stock Investing & Stock Market Research | The Motley Fool”>Stock Investing & Stock Market Research | The Motley Fool)</p>

<p>[2009:</a> The Best Schools (For You and Your Kid) - Boston Magazine](<a href=“http://www.bostonmagazine.com/articles/bestschools2009/]2009:”>http://www.bostonmagazine.com/articles/bestschools2009/)</p>

<p>““And indeed, though there are big challenges facing some cash-strapped school districts, it’s also true that our great public schools have never been better.””- BM Article</p>

<p>I don’t buy this now nor in the future, when this ‘spend now pay later’ federal & state mentality hits the fan, public schools will suffer.</p>

<p>Or as former Prime Minister Margaret Thatcher said

</p>

<p>Setting aside an inflammatory emotions related to the word “socialism”, the concept still holds. The government has already spent our money and now they (we) have spent our children’s too.</p>

<p>It’s been close to two years since this thread went into hibernation. It is worth a re-read.</p>

<p>How is it going for everyone out there?</p>