Socialism is winning … Every American Family will get $1 Million!

Socialism is winning … Every American Family will get $1 Million!

This is funny!

We have two liberal posts back to back.

These posts are: Socialism is winning … Every American Family will get $1 Million!

The liberals in this forum are something else!

Have they indeed lost contact with reality?

These are for a fact, two sure ways to bankrupt our country and destroy our anemic economic recovery!

Let's face it! The foolish Democrats are debt addicts and just don't know when to stop spending! With the Federal debt of $14.3 trillion amounting to $185,000 for every family of four, at some point we have to concede that the federal checkbook has its limits. Cuts in spending are only a start, other programs need to be abolished or radically changed. ... The old guard Democrats and old guard Republicans have been in Congress far too long. They are too beholden to special interest groups to have the good of average, typical Americans in mind.




Without some sacrifice now, the future is very bleak for our beautiful children. The era of, "I want mine now and to hell with everyone else" is over.

 

Lol, the little girl should be thanking the Government for $38,375... yet her idiot parents think that she owes $38,375.

The education level of America is absolutely embarrassing.

 

Americann is a liberal?

As a liberal myself, I don't think I'd call Americann a liberal. He wants to set people who view pornography on fire.

Americann, are you out there? Would you call yourself a liberal?

 

Unfortunately, Daybreaker, you have missed my point entirely.

"Socialism is winning … Every American Family will get $1 Million!"

These are two liberal concepts that clearly demonstrate how totally absurd the "entitlement" culture has now become.



The old John Kennedy-style progressives vs. the new Howard Dean-style progressives. The attitude of public employee unions in 1961 and the attitude of these unions today.

 

I think American was pointing out that the government could have given every US family 1 million dollars when you consider all the bail out money and Fed actions, pointing out the absurdity of what the government has done.

By the way, given the government was going to spend all that money, it probably would have been more effective to give the money directly to the people.

 

Good point, cirussell.

I'm not sure that would have been the smart thing to do. The money would not have done us much good if the banks that were in big trouble had failed!

General Motors of course was a different story. This expensive government bailout was a sellout to organized labor.



Wise words by Bill Clinton: "It’s true that our corporate rates are the second-highest in the world. But it’s also true that what our corporations actually pay is nowhere near the second-highest percentage of their real income in the world. So I’d be perfectly fine with lowering the corporate tax rates, simplifying the tax code, and saving some money on accountants, but broadening the tax base so that all of them pay a reasonable amount of tax on their profits. That’s what the Bowles-Simpson commission recommended, and it’s the right policy. Lower the rates to be competitive, but reduce the loopholes that cause unfair disparities. We all need to contribute something to help meet our shared challenges and responsibilities, including solving the debt problem."

 

It's the difference between bank money and nonbank money. The bailouts of the banks was purely bank money, it did not go to purchasing real goods and services, it was more for solvency support.

Giving $9 trillion to the American public would unleash massive inflation. HOWEVER, giving around $1.5-2 trillion would release just enough inflation to get this country moving again!

 

Unless you are signing off on your SS benefits guess what- YOU ARE A SOCIALIST.

 

So Social Security is now "socialist?". Funny I seem to remember paying into it.

 

Actually it is obvious for all here to see, that your education level is the one in question.

As I have written here many times, yet many choose to ignore it, is that the govt has NO money of it's own. The only money they have is what they have collected in taxes (from taxpayers), or what they borrow. It is NOT the governments money. They do not own it, it does not belong to them. They are merely the stewards of it, in the name of the people.

When you say the government gives anyone anything, you are best mistaken, and at wost ignorant. They are merely redistributing money from one group of people to another. They did not create this wealth. No service was performed that added value in any way. They literally took tax money, and then gave it out again. It is the same when people claim that the govt should "pay for XXX". The govt is not really paying for anything. We the taxpayers are paying for it. People that continue saying about govt is paying for things is attempting to mislead people as to where that money actually came from.

 

Sure they do. They have an infinite amount of money to create. This isn't the gold standard any more, you can't just find "USD" and increase the money supply. You would be pleasantly surprised if you actually had a serious debate with me on the accounting and operational realities of America. The Government is the source of asset creation in America and Government debt is the link to all money creation throughout the system. With out Government spending, we wouldn't have any money! And I'm dead serious. If you want a serious debate about it, start up a thread and let's go piece by piece. And I can explain in detail how the Government doesn't really "borrow" to fund it's spending.

When was the last time your tax dollars were used to fund deficit spending? Think about that, then maybe some light bulbs will go off!! And are you telling me military members, cops, old people, and welfare recipients don't create wealth by spending money?

 

Unlike most people it seems, when I want to know more about a subject, I do research.... and educate myself about it. So... I thought I would contribute to the forum some of what I learned.

All of the following information comes from a .gov website about how SS is paying out. I am assuming the number crunchers and statistics people that they employ are telling the truth. If someone claims they are not.... then please direct me to a "higher authority" on what the truth is. I highly recommend everyone reading this to copy this file... and read through it... I found it very interesting and informative...

http://fpc.state.gov/documents/organization/45222.pdf

I was curious how long it takes (in years) for a single person to get back all of what they put into SS (over a lifetime) assuming they have been working the vast majority of their lives (since age 21). How good an investment is SS really?

The answer is it is terrible... truly horrible. The rates are as follows. (From table 20)

Lower wage earner = 12 years
Average wage earner = 17.4 years
High wage earner = 25.7 years

So let me get this straight.... you get all of the money back that you paid in over a lifetime in a minimum of 12 years? What a horrible investment that was!
If I took that money and put it in a bank account.... I would have done MUCH MUCH better!

And by the way... they define a "high wage" earner as someone that makes over $87,900 a year (see table 7). Hardly wealthy by most people's definitions.


So I decided to dig around a bit more... and came up with even more information. Everyone understands that SS works by having a certain amount of workers paying into the SS system, to support a number of people (retirees) taking out of the system. As long as the ratio of people paying in, to those taking out is high enough, then the system works fine. So I wondered what that ratio used to be... vs. what it is now... And so I found table 10.

The table starts in 1950 and has a ratio of 16.5 to 1. As in 16.5 people paying in... to 1 person taking out. The system worked great in 1950. However as you look down on table 10, things start to get very scary looking. In 2000 it was only 3.4 to 1. And it is projected to get far worse as the years tick by. The long and short of it... is that SS was set up like a ponzi scheme. It is just taking longer to run than most of them do. But the result is always the same.... insolvency. There will eventually come a point where you just cannot ever get enough people paying in, to support all of those taking out.

And yet people still cling to SS... they want to keep it... fix it... make it better. The reality is... it cannot be fixed or improved. The numbers and FACTS here do not lie. It is very clear for all to see. SS must be abandoned. All attempts to allow this system to continue just delays the enevitable for a year or so. Eventually no amount of money will ever be enough to fix it. And that point as the numbers show is comming up rather quickly. No opinions here.... just the facts ....

 

This is very good information.

Thanks for sharing.