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01-15-2008, 06:45 AM
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Political Mastermind
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Join Date: Dec 2007
Location: USA
Posts: 1,423
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Quote:
Originally Posted by satv365
When the Baby Boomers die off, we will be in so much debt it will not be funny. Than I imagine a horde of Mexican immigrants will be the next pariah on our social welfare systems.
So yes, we need to make it an optional tax and allow us to invest as we see fit. Than, if you wish to save Social Security, stop wasting it's money and allow it to grow so that generation of generation of poor people can actually count on that 700 dollar check each month when they,... Need it.
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I have no idea how old you are Sat...but you don't strike me as a kid.
Were you or were you not around in the 80s when lefties ...and nutcases on the right were saying exactly the same thing about the "debt" President Ronald Wilson Reagan was incurring to defeat the Soviets?
I remember the same tired shrieking then: "our great grandchildren will be saddled with this "debt"!!!
Um...then it went away....
Funny how that worked out.
But hey, that was completely different...in the 80s, ever'body knew the 90s were gonna come and we'd see the .com boom and all that and that's turn things around.
I sure did anyway, that's why I bought Microsoft at $.51 and am writing to you with a satalite pickup from my private island in the S. Pacific.
Sheesh.
Tokie
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01-15-2008, 06:52 AM
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Machiavelli Incarnate
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Join Date: Dec 2006
Location: Washington State
Posts: 2,647
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Quote:
Originally Posted by Tokenconservative
I Um...then it went away....
Funny how that worked out.
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U.S. National Debt Clock
Um, no, it didn't.
As for SS, I would rather double it than give another fucking dime to Halliburton
What a little bugfucking puke. |
01-15-2008, 07:26 AM
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Machiavelli Incarnate
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Join Date: Sep 2007
Location: Southern Illinois
Posts: 3,153
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If you look real deep into it. We actually never got our money back from the Marshall Plan or from the Vietnam war.
A balanced budget simply means where taking in enough money to pay off the debt without running deficits. Sadly what has happened with that is the Federal Reserve continues to inflate the money until the debt gets payed off.
The Federal Reserve has set us up for failure unless drastic measures are taken to either pay off the debt or bring the Federal Reserve under the watch of the Constitution.
__________________
"It is the Right of the People to alter or abolish the Government"
Declaration of Independence
"Never trouble another for what you can do for yourself."
Thomas Jefferson
"If you put the federal government in charge of the Sahara Desert, in 5 years there'd be a shortage of sand."
Milton Friedman
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01-15-2008, 07:39 AM
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Political Mastermind
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Join Date: Aug 2006
Posts: 2,461
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Corporate Welfare is outspent 3 to 1 over social welfare.
eRiposte Economy - Tax : Corporate Welfare
Quote:
Reference Item Data/Figures (click on figures to enlarge) Comments
2, 3 Facts on
Individual vs.
Corporate
Welfare Fact I : Spending for corporate welfare programs outweighs
spending for low-income programs by more than
three to one: $167 billion to $51.7 billion
(source: Aid for Dependent Corporations, from the
Corporate Welfare Project and How Much Do We Spend
on Welfare?, from the Center on Budget and
Policy Priorities, FY 95 figures).
(Ref. 3: This year's corporate welfare figures are ~
$170 Billion)
Fact II: Total federal spending on a safety net for
the poor costs the average taxpayer about
$400 a year, while spending on corporate welfare
programs costs the same taxpayer about
$1400 a year. (source: CBO figures)
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2, 3 Facts on
Individual vs.
Corporate
Welfare Fact III: Over 90% of the budget cuts passed by the
last Congress (1996? -ed.) cut spending for the poor
-- programs that ensure food for the needy,
housing for the homeless, job training for
the unemployed, community health care for
the sick. (source: Center on Budget and
Policy Priorities, Bearing Most of the Burden, 1996).
Fact IV: Only 3.9% of total federal outlays (as
of 1996? - ed.) go to programs that solely
benefit poor people.
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2, 3 Facts on
Individual vs.
Corporate
Welfare Welfare programs for corporations do not
play by the same rules as welfare for people.
Welfare benefits for individuals and families are limited
by strict eligibility requirements and time limits, while
corporations get corporate welfare benefits regardless
of wealth or accountability.
Fact V: Individuals and families must demonstrate need
to receive benefits, while corporations with billions
of dollars in annual income remain on the federal dole.
Fact VI: Most social spending is in the form of
discretionary spending, which is scrutinized in
the annual budget negotiating process in
Congress; most corporate welfare programs are in
the form of tax expenditures, which go on and
on since they are not subject to annual review
by Congress.
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You want to get rid of deadbeats, tell the Board of Directors to hire smarter people and quite living off my taxes!! |
01-15-2008, 07:41 AM
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Machiavelli Incarnate
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Join Date: Sep 2007
Location: Southern Illinois
Posts: 3,153
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Quote:
Originally Posted by Cookie Parker
Corporate Welfare is outspent 3 to 1 over social welfare.
eRiposte Economy - Tax : Corporate Welfare
You want to get rid of deadbeats, tell the Board of Directors to hire smarter people and quite living off my taxes!! |
I wont argue with you over corporate welfare. I call it, Mussolini Socialism. But, the thread is about Social Security, not; in fact about Corporate Welfare...
__________________
"It is the Right of the People to alter or abolish the Government"
Declaration of Independence
"Never trouble another for what you can do for yourself."
Thomas Jefferson
"If you put the federal government in charge of the Sahara Desert, in 5 years there'd be a shortage of sand."
Milton Friedman
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01-15-2008, 07:42 AM
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Political Mastermind
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Join Date: Aug 2006
Posts: 2,461
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And Medicare reform? What a HUGE Corporate Welfare ruse that was...
A Landmark In Corporate WelfareMedicare Part D is A Fiscal Debacle – and A Lobbyist’s Dream. - CommonDreams.org
Quote:
Medicare Part D makes it easier for America’s elderly to buy prescription drugs. It also gives drug companies a free ride on the backs of the next generation.
Social Security and other entitlements already threaten the nation’s fiscal health. So why would Congress make Medicare Part D a landmark in corporate welfare? It may be a financial debacle, but it’s a lobbyist’s dream. Part D is a multibillion-dollar entitlement for the pharmaceutical industry that taxpayers will be underwriting for the rest of their lives, or until Congress fixes it, whichever comes first.
The White House and Congress claimed the private structure of the program would lead to lower drug prices. In fact, since the program began last year, the opposite has happened, thanks to the lobbying wizards of K Street. A fragmented band of more than 1,400 Part D insurance plans has had little negotiating power with the drug companies. Nor do those plans have much reason to bargain: Part D subsidizes patients on extended and expensive medication regimes at 80 percent.
Most remarkably the bill that Congress pushed through in 2003 didn’t let the government negotiate drug prices. Why? Because the US Department of Health and Human Services (HHS) got no authority to define the “formulary” list of drugs for which Medicare will pay. Absent a credible threat to drop from that list any overpriced drugs that have branded alternatives - which the vast majority has - the government lost its negotiating stick.
Surprise! No price competition. So drug companies were able to raise rates for brand-name medications (that have comparable alternatives, but for which there are no generics) at twice the rate of inflation in the first six months of the program. And together, the five largest drug firms enjoyed a 45 percent increase in profits over the prior year.
This year, prices under Medicare private insurance plans for 10 of the most prescribed brand-name drugs (that have comparable alternatives) shot up an average of 6.8 percent in just four months.
The drug company comrades-in-armchairs should compete for their margins like everybody else, not be propped up by nonnegotiable government overpayments. Instead, analysts estimate that this congressionally sanctioned price support program, unmolested by market forces, will result in at least $30 billion in windfalls to drug companies in the next decade.
When the bill was being debated, taxpayers were told the program would cost $400
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Yup....As high was corporate welfare was in 1996 with the Republican Congress...it has surpassed under the republican president now. |
01-15-2008, 07:44 AM
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Machiavelli Incarnate
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Join Date: Sep 2007
Location: Southern Illinois
Posts: 3,153
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Quote:
Originally Posted by Cookie Parker
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You think Demoshits are that much better? Dig into those stats a bit more, cookie. Learn to hate the Democrats and Republicans equally. They are both in bed with Corporate America.
__________________
"It is the Right of the People to alter or abolish the Government"
Declaration of Independence
"Never trouble another for what you can do for yourself."
Thomas Jefferson
"If you put the federal government in charge of the Sahara Desert, in 5 years there'd be a shortage of sand."
Milton Friedman
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01-15-2008, 09:41 AM
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Political Mastermind
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Join Date: Dec 2007
Location: USA
Posts: 1,423
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Quote:
Originally Posted by CrankyYankee
U.S. National Debt Clock
Um, no, it didn't.
As for SS, I would rather double it than give another fucking dime to Halliburton
What a little bugfucking puke.
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Huh?
Gee...I couldaha swored you and other libs was shrieking as how your Lord and Savior, Bill Clinton dun got rid a th' national debt for us, Hallelujah!
Tokie |
01-16-2008, 02:46 PM
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Machiavelli Incarnate
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Join Date: Sep 2007
Location: Southern Illinois
Posts: 3,153
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Quote:
Originally Posted by Tokenconservative
Huh?
Gee...I couldaha swored you and other libs was shrieking as how your Lord and Savior, Bill Clinton dun got rid a th' national debt for us, Hallelujah!
Tokie
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It's nice of her to copy and paste an article and then not say anything afterwards when a criticism or two comes at it...
__________________
"It is the Right of the People to alter or abolish the Government"
Declaration of Independence
"Never trouble another for what you can do for yourself."
Thomas Jefferson
"If you put the federal government in charge of the Sahara Desert, in 5 years there'd be a shortage of sand."
Milton Friedman
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