Obama Hell-Bent on Bankruptcy?
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We’re told that the continued growth of the “contributory entitlement programs,” Medicare and Social Security, represents the greatest threat to the country’s long-term financial security. Fiscal 2011 data show Medicare and Social Security costs were $486 billion and $731 billion, respectively. With the continued addition of baby boomers to these roles, costs will only escalate.
Less well-publicized is the cost to taxpayers for means-tested welfare programs. In 2011, based on a report by the nonpartisan Congressional Research Service, the tab for federal supported means-tested welfare programs was $786 billion. When you include the required state programs, the total spending for government means-tested welfare reached $1.03 trillion.
To gain some perspective, the Senate Budget Committee released a report showing households below the poverty line can receive tax-free welfare benefits equivalent to $168 per day in the form of food stamps, housing, health care, child care and more. The median household income in 2011 was $50,054; this equates to $137 per day before taxes.
One might ask, why work? Are some cutbacks in these overly generous welfare programs on the horizon? Hardly. Based on future budget proposals, means-tested spending over the next four years is projected to increase 30 percent. How’s that for “their fair share”?
Now ask yourself, is it any wonder that the president wants the deficit ceiling permanently lifted? His inaugural address gave no indication that controlling spending and the deficit will be a primary focus for his new administration.
I can only conclude that he is hell-bent on bankrupting this country with his socialist policies. Many economists conclude we are on the pathway taken by Greece. Perhaps, but with a major difference. Greece is a small economy and can be bailed out by stronger Eurozone partners. Unfortunately for us, no such luxury exists.
Michael J. Keogh
Pinehurst
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Comments
dustyrhoades 3 months, 3 weeks ago
by dustyrhoades
Middleman522 3 months, 3 weeks ago
Once again facts have confused Dusty. You should know better Michael! What will instant citizenship for 14million cost?? Most recent vote buying speach!
AFCHIEF 3 months, 3 weeks ago
Obama leadership results. Give it to him he did increase everything, bad unfortunatley thats not good news.
Failed Policys by AFCHIEF
JimRussell44 3 months, 3 weeks ago
Have you checked the stock market lately? Big business seems to be OK with how things are going and are they not the deity those on the right worship?
geoffcutler 3 months, 3 weeks ago
Yes, Wall Street is doing well while Main St. continues to suffer. Wasn't that the leftist complaint just a few short months ago? What's changed? A re-election perhaps?
JimHeim 3 months, 3 weeks ago
Wall Street is desperate to get their mitts on the river of cash that flows to beneficiaries of Social Security and Medicare. And they won't stop until they claim much of your share of the pension you funded.
The plain fact is that neither Social Security or Medicare are the problem. They are the symptom of an economy allowed to languish. Put Americans back to work and the problem goes away. In any event both programs are sound for years to come if we can keep Republicans from messing them up.
It's instructive to see that our GDP declined last month mainly due to a contraction in federal spending. nice going austerians. Keep on cutting and watch jobs dissolve before your very eyes.
geoffcutler 3 months, 3 weeks ago
"It's instructive to see that our GDP declined last month mainly due to a contraction in federal spending. nice going austerians." Jim Heim
Jim, I didn't know you were a Greek protester.
Courseaire 3 months, 3 weeks ago
austerians - One who live in Austeria.
packwilleat 3 months, 3 weeks ago
Why work?? Precisely why the lame brained liberals are now having to grant amnesty to Mexicans. They put every low wadge earner on the govt dole, and now they can't find anyone to do the grunt work. Shackle the Mexicans into wage slavery and break their backs trying to pick America up again. Liberals have to be the most transparent bunch of crooks the world has ever seen. They are either knowingly enslaving Mexicans to do our dirty work, or they are so f'n stupid that they think they are true humanitarians. So what say you Liberals? Using or helping???
Jason 3 months, 3 weeks ago
LOL, if I didn't know better, letters like this would have me believe Obama created Medicare, Social Security, and welfare. Better yet, or believe the debt ceiling was never raised by anyone before him! (FYI, Reagan 18x and Bush. 7x!) WRT "overly generous welfare programs" is the author including tax breaks for the rich or a 15% capital gains tax? Spin it how you'd like. Those equate to "welfare" programs too. At lease the poor folks spend all of their money and stimulate the economy and... create jobs by creating demand! The rich reward their fellow Americans for our generosity by hiding their surplus cash overseas and avoid paying taxes. And lastly, can we find a better comparison than Greece? Greece is like a state. In fact 15 of our states have larger GDP's than Greece. Like states, they have zero control of their monetary policy and depend on the EU for support. What do global investors think about the U.S.? Are we having trouble selling low interest rate bonds? The sky ain't falling and you guys lost any semblance of credibility a long time ago. You can only be wrong for so long before everyone, except the truly ignorant, stop listening to you!
JD 3 months, 3 weeks ago
With the continued addition of baby boomers to these roles, costs will only escalate.
And here in lies the problem. Boomers. The Greatest Consumption Generation.
Medical care costs keep going up because of HMO's and gov't subsidized insurance. They can charge more because it's not you paying the full sum. Sort of like what colleges do, use high tuition so that the student is forced to get a loan. Then who cares? They just have to pay back the loan.
But when it comes to Medicare/caid we pay for that as we age and get hit twice when we want our payout instead of paying for the over bloated medical insurance industry and that entire racket.
Long story short, we need to look at why insurance is driving up medical costs and tackle that issue.
dustyrhoades 3 months, 3 weeks ago
Why work?? Precisely why the lame brained liberals are now having to grant amnesty to Mexicans.
by dustyrhoades
fatboy 3 months, 3 weeks ago
Michael, You didn't really expect that this buffoon's next four years were going to be any different than the last four, did you?
Jason 3 months, 3 weeks ago
Scholars are going to categorize Obama as one of the great Presidents before it is all said and done and the knuckleheads here will go to their grave thinking he is a LIAR! A SOCIALIST! A MUSLIM! Folks, you get one go-around. Don't waste it being misinformed. The last surviving supernatural creatures invented by man is not going to save you from just being dust. A life is a terrible thing to waste.
JimHeim 3 months, 3 weeks ago
I get such a laugh out of conservatives these days. President Obama (I never tire of seeing that) has reduced the growth of government more than any president since Eisenhower and still they think the sky is falling. Today we learn that military spending has been reduced so much that the GDP has been lowered. But hey, we all know that government spending doesn't create jobs so who cares, right?
We have seen a reduction of $2.4 trillion in the projected deficit and they still think the world is coming to an end.
Pardon me if I don't take these people seriously.
Thatcher 3 months, 3 weeks ago
JimHeim-- You're right, this is such a funny topic. Here's what the folks in Greece are doing since there is no one left to pay for their free stuff: http://www.youtube.com/watch?v=q6heY7.... Funny. But here Americans (and business owners) have 2nd Amendment rights. I suspect it will not be like Greece in the end. But you're right: this is funny. Right? You don't need to take conservatives seriously. You may want to take protesters seriously, especially those protesters who cannot get free stuff. Then take seriously the business owners and homeowners who will protect themselves and their property from the folks who want free stuff. My guess is it will not be funny.
skylinefirepest 3 months, 3 weeks ago
Jason, you're really starting to sound as absolutely fiscally stupid as Jimmy Heim sounds!! Not a good thing, dude!
clarabelle 3 months, 3 weeks ago
"fatboy - Michael, You didn't really expect that this buffoon's next four years were going to be any different than the last four, did you?"
do something useful already - like cleaning your outhouse
native 3 months, 3 weeks ago
The boomers also paid the most into the social security system and the previous administrations were not good stewards of the money.
clarabelle 3 months, 3 weeks ago
"skylinefirepest - Jason, you're really starting to sound as absolutely fiscally stupid as Jimmy Heim sounds!! Not a good thing, dude! "
Like bush calling Albert Einstein stupid..............
samosamo 3 months, 3 weeks ago
One would think Obama has a checkbook on his desk . look no further than the House of Represenatives they have it. We borrow money everyday just to pay the interest on our Loans never touching the principle. Now do ya think were still on the way to bankruptcy?
clarabelle 3 months, 3 weeks ago
"samosamo - One would think Obama has a checkbook on his desk . look no further than the House of Represenatives they have it."
The right wing loonies ........... ALWAYS blame obama
fugitiveguy 3 months, 3 weeks ago
My question(s) for the liberals. What do you see as the end game with the debt. Can it just continue to climb higher and higher to infinity without eventually bringing our economy to collapse. Or do you expect it to be brought under control and by what means do you see that happening? For once put the insults on hold and give a serious answer.
Jason 3 months, 3 weeks ago
Maybe this award winning PhD Economist, who has been consistently correct (while the sky-is-falling crowd has been consistently wrong), is a good place to start. Start here and keep reading older articles- http://www.nytimes.com/2013/01/25/opinion/krugman-deficit-hawks-down.html?partner=rssnyt&emc=rss&_r=0
dentman65 3 months, 3 weeks ago
Have any of you talked to your doctors about Obamacare? What has been their reaction? I have spoken with several doctors including my chiropractor and dentist and they all shudder in their shoes at the thought of it. Even the nurses at Moore Regional roll their eyes when it is mentioned. I am just curious as to why if it is so wonderful all of these medical people are dreading it so? I can only state the attitudes that have been relayed to me personally. There may be many doctors who will welcome Obamacare with open arms. Why are they resisting it so? Someone enlighten me.
samosamo 3 months, 3 weeks ago
Again Obama has no checkbook on his desk.........He does not make spending decisions on his own. The house of represenatives and congress do this. Do you think ol Barry wakes in the AM and says I'm giving fighter jets away today.
JimHeim 3 months, 3 weeks ago
Anyone who compares the situation in Greece with that in the US has no clue about how our two economies operate. Stick to climate change denial; it's slightly less ignorant.
JimHeim 3 months, 3 weeks ago
fugitive- The end game is we get into job creation in a big way (while solving our health care mess), thus eliminating fiscal issues, or we continue our slide into a failed economy. Austerity at this time is a tragic error. Even the economists at conservative AEI recognize this.
Jason 3 months, 3 weeks ago
Think about it. Why would doctors like something that has elements of cost control? Anyone who thinks that physicians work out of the goodness of their hearts doesn't understand capitalism.
Middleman522 3 months, 3 weeks ago
Heim you make up more crap than Leno's writers. Don't you ever get tired of BS coming out of your mind? The only reason we don't have $20Trillion in debt by now is the 2010 drubbing in the House! The only reason!
Jason 3 months, 3 weeks ago
And another thing. It's tiring to listen to owners of companies, you know, the ones with four automobiles, three homes, two country club memberships, and a boat, complaining about not being allowed to have slave labor. Ya, like their employees are living the high life! I DO NOT HAVE ANY PROBLEM WITH A SUCCESSFUL ENTREPRENEUR MAKING A LOT OF MONEY. I do have a problem with them complaining about the crumbs they have to share with those helping them to succeed!
packwilleat 3 months, 3 weeks ago
The Nazi party had their rich, white, scapegoats too!! Same story, different country.
Jason 3 months, 3 weeks ago
Those damn Nazi's, they are the champion boogiemen! (LOL, them and the 4 to 6 armed black people who are breaking into homes all over America that require us to have an arsenal to protect our families!)
packwilleat 3 months, 3 weeks ago
Jason ~ who do you despise/hate? And why? Is it of your own rationale, or are you just parroting the collective mindset? For many of centuries, leaders have been able to pit the masses against eachother in order to defect attention away from the masters. I said before this election that I honestly hope Obama is reelected because he has one heck of a welfare army, and pulling the rug from under them will be gruesome. The exploitation of the poor is as old as time itself. Add a little envy here and sprinkle some greed over there, classic class warfare. No, I didn't just say the word Nazi for the heck of it...... it worked there the same way it is now working here.
clarabelle 3 months, 3 weeks ago
pack ............. can I have a few hits of that stuff you are smoking.........PLEASE!
Yukonjohn 3 months, 3 weeks ago
Clara, one does not need to smoke some of the "good stuff" to figure out that this is classic class warfare!! All of this is going to become painfully obvious to everyone, liberals included very soon. Ya'll will be going "How did this happen", when all along the conservatives have been telling you it was going to happen. The problem l have with most of the conservative movement is their view on social issues. If they could "come around" on those, l would be totally on their side of the playing field.
Yukonjohn 3 months, 3 weeks ago
And as my Father told me probably 45 yrs ago, if you took all the money and spread it around equally all over the country, in six months the same people would have the same amount as they do today. He was so right. Wealthy people will always be wealthy. They know how to make and keep money. Poor people will, for the most part, always be poor for the opposite reason. My Dad was a man of meager means until right before his death, and then he was just middle class.
Jason 3 months, 3 weeks ago
packwilleat- I hate stupid people. Actually, I despise stupid people with conviction. Especially those who think of themselves as great Americans for hating others. Your description of the "masters" made me think you were talking about religions! LOL, taking advantage of the weak. You know that welfare was not created by Obama right? You know that the recession Obama inherited increased the need for a safety net for the poor, right? The policies you think you like, every man and women for themselves, is what is causing the greater shift of wealth away from the masses, right?
Jason 3 months, 3 weeks ago
Here are 5 misconceptions I am confident you believe: Five Misconceptions About Our Tattered Safety Net by PAUL BUCHHEIT
1. Americans believe that the poorest 40 percent own about 10% of the wealth. Most people greatly underestimate the level of inequality in our country, guessing that the poorest 40 percent own about 10% of the wealth, when in reality they own much less than 1% of the wealth. Out of every dollar, they own a third of a penny. Factor in race, and it gets worse. Much of minority wealth exists in home values. But housing crashed, while the financial wealth owned almost entirely (93% of it) by the richest quintile of Americans has rebounded to lofty pre-recession levels. As a result, for every dollar of NON-HOME wealth owned by white families, people of color have only one cent. Median wealth for a single white woman is over $40,000. For black and Hispanic women it is a little over $100.
Jason 3 months, 3 weeks ago
2. Entitlements are the problem No, they're not. The evidence is overwhelming. Social Security is a popular and well-run program. As summarized by Bernie Sanders, "Social Security, which is funded by the payroll tax, has not contributed one nickel to the deficit and, according to its trustees, can pay 100 percent of all benefits owed to every eligible American for the next 21 years." Dean Baker calls it "perhaps the greatest success story of any program in US history." Medicare, which is largely without the profit motive and the competing sources of billing, is efficiently run, for all eligible Americans. According to the Council for Affordable Health Insurance, medical administrative costs as a percentage of claims are about three times higher for private insurance than for Medicare. And it's just as popular as Social Security.
Jason 3 months, 3 weeks ago
3. Welfare benefits are a drag on the economy Critics bemoan the amounts of aid being lavished on lower-income Americans, making dubious claims about thousands of dollars going to every poor family. But despite an ever-growing need for jobs and basic living necessities, federal spending on poverty programs is a small part of the budget, and it's been that way for almost 50 years, increasing from 0.8 percent of GDP in 1962 to 1.2 percent of GDP in 2007. Temporary Assistance for Needy Families (TANF) has dropped significantly over the past 15 years, leaving benefit levels far below the poverty line for most families. Ninety percent of the available benefits go to the elderly, the disabled, or working households. For each family, current federal budgets pay about $400 per month for food, housing, and traditional 'welfare' programs. Food stamp recipients get $4.30 a day.
Jason 3 months, 3 weeks ago
4. The American Dream is still alive - if you just work hard The Horatio Alger tale has been a popular one for conservatives, but the OECD, the Economic Policy Institute, and the National Journal all came to the same conclusion: the future earnings of a child in the U.S. is closely correlated to the earnings of his or her parents. This lack of mobility is more prevalent in the U.S. than in almost all other OECD countries. Only 4 percent of those raised in the bottom quintile make it to the top quintile as adults. Only about 20 percent even make it to the top half. A big part of the problem is the severe degree of poverty for our nation's children. According to UNICEF, among industrialized countries only Romania has a higher child poverty rate than the United States. Just in the last ten years the number of impoverished American children increased by 30 percent. Not unexpectedly, it's much worse for minorities. While 12 percent of white children live in poverty, 35 percent of Hispanic children and 39% of black children start their lives in conditions that make simple survival more important than the American Dream. 80 percent of black children who started in or near the top half of U.S. income levels experienced downward mobility later in life.
Jason 3 months, 3 weeks ago
5. Prison puts away the bad guys Despite a falling violent crime rate in the U.S., there are now, as noted by Adam Gopnik, "more people under 'correctional supervision' in America -- more than six million -- than were in the Gulag Archipelago under Stalin at its height." Incredibly, almost half of the inmates in federal prisons were jailed for drug offenses. Between 1980 and 2003, the number of drug offenders in prison or jail increased by 1100% from 41,100 in 1980 to 493,800 in 2003. Outrageously, African Americans constituted 53.5 percent of all persons who entered prison because of a drug conviction. In the nation's largest cities, drug arrests for African Americans rose at three times the rate for whites from 1980 to 2003. In Washington, D.C., it is estimated that three out of four young black men will serve time in prison. In New York, with 50,000 marijuana arrests per year, 90% are black or Latino. In Seattle, the 8% black population accounts for 60 percent of the arrests. Over the last ten years Colorado police have arrested Latinos at 1.5 times the rate of whites, and blacks at over 3 times the rate of whites. Newly passed marijuana laws reflect the beginnings of a backlash. Perversely, this is all happening as studies by the Substance Abuse and Mental Health Services Administration find that both black and Hispanic adolescents use drugs LESS than the general population, and as a study by the National Institute of Health shows that the prevalence of marijuana use in colleges and universities was highest for white students.
Jason 3 months, 3 weeks ago
And a bonus-
The Greatest Misconception: The rich are being "soaked" Redistribution has not spread the wealth, it has concentrated the wealth. Conservative estimates say the richest 1% have doubled their share of America's income in 30 years. It's worse. From 1980 to 2006, the richest 1% actually TRIPLED their share of after-tax income. The real problem is tax avoidance: lost revenue from tax expenditures (deferrals and deductions), corporate tax avoidance, and tax haven losses could pay off the entire deficit. But the very rich refuse to pay. They have their own safety net in the House of Representatives.
packwilleat 3 months, 3 weeks ago
Jason~ before you go on a copy and paste spree, I don't think you understand my stance. But if you want religions are as equally guilty as the state.
Jason 3 months, 3 weeks ago
Yukon- The class warfare you worry about is backwards. The rich have paid for a system that protects and grows their wealth at the determent to everyone else. Raising your hand to say that is wrong or "Please sir, may I have more?" is not the instigator of class warfare. War is happening and the really wealthy are winning. You have sadly fallen for the propaganda.
Yukonjohn 3 months, 3 weeks ago
And Jason, they will always continue to win. Do you not get the part about they know how to make and keep money? How does my having any money affect you having any? By the way, l am not wealthy!! I cannot see how if l have mega bucks, it affects you either having or not having any?
packwilleat 3 months, 3 weeks ago
Jason ~ I think you try to over think things way too often. How did the rich become rich?? Did they stick a gun to your head and demand it? Not hardly. You and others voluntarily redistributed your wealth to them. As long as we the people subscribe to what they are offering, they will do as they please. Things get even more unbalanced anytime services/products are mandatory. The entire system is a complex mess compounded over and over on itself. I always thought it was hilarious watching the OWS crowd protest Capitalism(corporatism) while talking and taking videos with their iPhones/Pads. What you need and what you want are entirely diffent things, and many of the things you need are being sold to you under false premises.
dustyrhoades 3 months, 3 weeks ago
Jason~ before you go on a copy and paste spree,
Translation: facts hurt pack's head.
packwilleat 3 months, 3 weeks ago
This shall serve to explain the left's facts.....................
by Randy
dustyrhoades 3 months, 3 weeks ago
translation: pack is a blockhead and impervious to any information that doesn't fit his prejudices.
packwilleat 3 months, 3 weeks ago
Dusty ~ while there are some truths hiden in what Jason posted, they remain riddled with half truths and statistically impossible mathematics. I could agree with some of it if it wasn't so diluted with BS.
dustyrhoades 3 months, 3 weeks ago
And of course, you don't bother to identify what you agree or disagree with, nor do you provide evidence to contradict any of it...because that would no doubt involve the "cutting and pasting" you purport to despise.
Yeah, you people really want to have in-depth rational discussions all right. This is why you get mocked.
packwilleat 3 months, 3 weeks ago
Patience dusty patience.
packwilleat 3 months, 3 weeks ago
Let's expand on #1 first shall we. Many things have to be defined before hand before we get too deep. For starters, what are we calling the "poorest 40%" out of 7,000,000,000 people globally? That in itself is a fraction of a fraction of a percent. That is without taking in account of the 10% or 1% wealth figure. So, let's get some figures straight off the get go.
clarabelle 3 months, 3 weeks ago
" wdd101st - pack ............. can I have a few hits of that stuff you are smoking.........PLEASE!" Once a druggie, always a druggie."
and once a moron .......... always a moron!
Congratulations :)
dustyrhoades 3 months, 3 weeks ago
Good old wdd. Can't post in a thread without whining about people doing the same stuff he and his fellow wingnuts do.
Or did you forget this: "Did you miss your meds?? today?"
"Once a druggie, always a druggie."
"You are either kidding our are nuts."
I mean, really. Could you BE any more transparently hypocritical?
dustyrhoades 3 months, 3 weeks ago
Double post for some reason.
dustyrhoades 3 months, 3 weeks ago
Can't post without trying to insult people.
I think wdd may really be senile. He can't remember the insults he's posted in this very thread.
dustyrhoades 3 months, 3 weeks ago
It's a pattern that never ceases to amaze me among these brain dead right wingers:
Insult someone.
Get insulted back.
Complain that other people can't post without insulting someone, as if they just haven't done the exact same thing.
Ignore it when this is pointed out, as if they never said anything.
It's truly amazing. It must be some sort of brain damage.
Jason 3 months, 3 weeks ago
LOL, other than saying, "You libs drank the Kool-Aide" or other name calling nonsense, the regulars never ever fight facts with facts. Just prove me wrong, LOL, if you can!!!!
Jason 3 months, 3 weeks ago
wddd- have you made a salient point yet? Attacking the messenger and not the message. Works with children, not educated adults. Prove our economy tanked because of debt! Prove handouts to the poor are worse than handouts to the rich! Prove our HC system is the best in the world per dollar spent! Prove the rich are not redistributing the wealth to... LOL, themselves!
dustyrhoades 3 months, 3 weeks ago
wdd, thanks for proving the point, again.
Self awareness really has deserted you, hasn't it, you sad, decrepit old man?
AFCHIEF 3 months, 3 weeks ago
Wdd101 with the return serve and smackdown
dustyrhoades 3 months, 3 weeks ago
Hey Rusty, Did you manage to screw things up and get all the comments on Sally's "Who's Elderly" letter?
I suspect that was pack with his constant refrain of "douchetard" and "douchebag." But you tell yourself whatever it takes to make you feel self-righteous, old man.
Jason 3 months, 3 weeks ago
Yuke- I like you because I think you are fairly intelligent albeit a little paranoid. ;) I have a lot of money. I am not jealous of anyone else's net worth. I care about the society and culture I live in. It is being torn apart by the large and growing inequity of wealth. Our system of capitalism is not designed to be fair. Although there are degrees of restraints, lobbyists for the "haves" continue to modify it in protection of their wealth. We have a choice. We can modify the system to force greater fairness or we can use the tax system to do what it has always done, redistribute to offset the inequity. Allowing the top 10% to possess 90% of the wealth will only lead to the downfall of society. Slaves will rebel.
dustyrhoades 3 months, 3 weeks ago
What's the matter Rusty, can't you win a fight using facts? You never do if you use facts because they are always against you.
What's the matter you senile old coot, can't remember my name? Or are you in your second childhood and think you're on the playground? Here's a news flash, wdd: it wasn't clever then, either.
Jason 3 months, 3 weeks ago
Hey Dusty- I feel like Rush L. We can beat these guys with half our brains tied behind my back, you know, just to make it fair. ;)
dustyrhoades 3 months, 3 weeks ago
Well, now that wdd has degenerated into addled, semi-incoherent rambling, it hardly seems fair at all.
Jason 3 months, 3 weeks ago
wdd- Yikes are you misinformed! Let's see... Do you have any idea why the economy tanked? Hint, housing bubble pre-Obama driven not by the government but by private mortgage companies. See above for unemployment and welfare. Also, studies show that the rich got rich because of the family they were born into. I'm not against hard work but believing that is the sole answer leaves you missing out on reality. WRT to HC.... what country did Peyton Manning go to again for treatment? Hee-hee. Someone with socialized medicine you say? Try again!
dustyrhoades 3 months, 3 weeks ago
Just was trying to be nice and use your full name Zipper.
That makes no sense, even as an insult. Test your blood sugar, old man.
dustyrhoades 3 months, 3 weeks ago
Can someone go by and check on wdd101st? I'm afraid he's going to faint and hit his head. Or that he has already. He seems disoriented.
packwilleat 3 months, 3 weeks ago
I'm still waiting to hear the numbers so we can debate Jason's first post.
Thatcher 3 months, 3 weeks ago
(3 hours, 5 min. ago)-- "Conservative estimates say the richest 1% have doubled their share of America's income in 30 years." Uh, there is no such thing as "America's income." What you earn belongs to you, not to me or anyone else. What I earn belongs to me, not to you or anyone else. And Yukon is absolutely correct: whatever he earns, or whatever I earn, cannot affect how much you are able to earn. The economy does not work that way, nor should it. I'll say it again: if I work 50-60 hours per week to provide for my family, how can that prevent you from earning more money? It cannot. This "America's income" business is typical class warfare jargon, wholly devoid of fact, logic, and any intellectual curiosity. Cheers!
AFCHIEF 3 months, 3 weeks ago
Jason just curious what is your age?
packwilleat 3 months, 3 weeks ago
Thatcher ~ I call it the Sex Panther theory to Liberal Statistics......................
by Randy
Pappy 3 months, 3 weeks ago
We are BROKE....GDP going down and spending going up....fact is we can't spend more than we take in....it is basic math !!
Thatcher 3 months, 3 weeks ago
Wow, The Pilot shut down the "Who's Elderly" thread. Wonder why? Cheers!
Zoey 3 months, 3 weeks ago
"Wonder why?" Nagy fills the mud-puddle and the kids will sling it....
samosamo 3 months, 3 weeks ago
https://www.federalregister.gov/executive-orders/barack-obama/2012 here are the guys executive orders fer 2012, Not being a fan of politicians one exeption Ron Paul. Talk of social security and related programs as an entitlement is paid or not within in the federal budget is media gop spin. the bush regime pretty much drained the fund.
dustyrhoades 3 months, 3 weeks ago
Wow, The Pilot shut down the "Who's Elderly" thread. Wonder why? Cheers!
One potential explanation: packwilleat's use of "douchetard," "douchebag," and other endearments of which you somehow take no notice.
Another: you and/or Preacher Geoff went to John Nagy and whined about how I called you my "dogs", while conveniently failing to mention Geoff's use of the same description towards me. Because, as everyone here has seen, you're a pair of thin skinned little girls, not to mention the most shameless pair of hypocrites to ever troll the Internet.
Both of these are equally as supported by the evidence as your inevitable assertion that it was some imagined "meltdown" on my part. But don't let lack of evidence get in your way.
Cheers!
Thatcher 3 months, 3 weeks ago
Nice try, DR, but wrong again. I posted to pack last night on that thread that he should stop using vulgar language because he could beat you in an argument any day and that vulgarity never improves an argument. You saw that post. And you're wrong again: I don't even know Mr. Nagy and I never went to him or anyone else. Lastly, you're wrong again: I'm not a "thinned skinned little girl." Like everyone else here, your opinion of people means little, and in my case, means nothing. I don't take you seriously because you are not a serious person...your game is to insult anyone who disagrees with you. Have at it. Enjoy it. And by the way, I never asserted you had a "meltdown" on the now-closed thread. Cheers!
packwilleat 3 months, 3 weeks ago
Dusty ~ " And of course, you don't bother to identify what you agree or disagree with, nor do you provide evidence to contradict any of it...because that would no doubt involve the "cutting and pasting" you purport to despise. Yeah, you people really want to have in-depth rational discussions all right. This is why you get mocked."
I then identified that there needed to be clarity in the numbers/statistics before any reasonable debate could commence. Sorry i was unable to respond back to you in a timely manner. I also stated there were some underlying truths in Jason's post. Neither you nor Jason seem interested in defining the "facts" that you post. Like I've tried many times with you and others to actually engage in an intelligent conversation, it is fruitless with you. But Dusty, if you will notice I direct all of my kindness towards you only, and for good reason. I just hope one day you'll wake up and realize what you have done to your reputation around these parts.
teufelhunden 3 months, 3 weeks ago
Obama Hell-Bent on Bankruptcy?
Uhhhhh..............YEP!!!
Jason 3 months, 3 weeks ago
Pack- Here is the answer to #1 - http://www.fas.org/sgp/crs/misc/RL33433.pdf
Jason 3 months, 3 weeks ago
Thatcher- Once again ideology reigns over intelligence. Income which is generated by American entities. Does that make you feel better? Next you'll be arguing that their is no such thing as America's GDP! In the real world, as it should be, a percentage of what you earn belongs to you. You get to pay back into the system that allows you to earn. A bit like a licensing agreement. I know you will get lost in this discussion, but think about it? Could you make money if you alone, as a business expense, had to pay for 100% of your employees education K thru whatever you required? Or you needed to pay for a street crew to build paths for you to transport your goods to your customers? Or paid a private security force to protect your employees, their families, and your inventory of goods? What percentage of the technology that you benefit from to transact basic functions is only available because of support by government investment in R&D? Medicine? People who dream about a wilderness economy where everyone is on there own and fantasize that the free market invented common tools all by it self are either incredible uneducated or naive. Our economy does not exist without a complimentary form of government and our government does not exist without a successful economy. They are intertwined and the sooner what stop hating all things government (or all things big business) the sooner we can focus on improving both! If we run out of customers who can afford our goods and services we will have no revenue. OMG! That's what happened in '07-'08! It's a good thing our government was there to save our economy, huh?
Jason 3 months, 3 weeks ago
And it is tracking on a path to get worse. So tell me how pointing this out is class warfare!!!
by Jason
dustyrhoades 3 months, 3 weeks ago
I just hope one day you'll wake up and realize what you have done to your reputation around these parts.
If by "these parts'" you mean the few people who post on this message board, including the right wing idiots and trolls like yourself, gee, I think I'll get over it. If you think this has any effect outside of that, you really do have a delusional sense of self-importance. But then, we already knew that.
packwilleat 3 months, 3 weeks ago
Dusty ~ you're failing to acknowledge the 100's of readers on here that choose not to comment and read your vile post day in and day out. For the life of me I can not see how The Pilot considers you "good for business".
Jason ~ while I understand your frustration, I believe you are failing to identify the true enemy. There is alot more to economics than simply saying the poor are poor because the rich are rich. Inflation, stagflation, debasement, and regressive tax codes serve to keep the poor down. Not even to mention cost of living(inflation) is not concurrent with income. The major flaw I see in your logic, is that you believe the problem can become the cure. And by that I mean........ Government.
http://mises.org/daily/5776/The-State-Is-the-1-Percent
dustyrhoades 3 months, 3 weeks ago
Dusty ~ you're failing to acknowledge the 100's of readers on here that choose not to comment and read your vile post day in and day out.
Readers who exist only in your imagination. The people that have actually talked to me have been overwhelmingly positive. They think you're a tool, though,
For the life of me I can not see how The Pilot considers you "good for business".
There's obviously a lot that you don't see.
The major flaw I see in your logic, is that you believe the problem can become the cure. And by that I mean........ Government.
Doesn't that make you part of the problem, "Randy"?
http://thepilot.com/users/photos/2013/jan/30/24099/
packwilleat 3 months, 3 weeks ago
Dusty ~ meh.
geoffcutler 3 months, 3 weeks ago
Why would I go to John Nagy and complain about you? It's not like he can't read.
dustyrhoades 3 months, 3 weeks ago
Guess that tells you what he thinks of your hypocrisy, then, and how little credence he gives to your whining.
by dustyrhoades
Jason 3 months, 3 weeks ago
Pack- The shift in wealth, from the many to the few, tracks pretty good with the lowering of the taxes on the rich. Executive comp has risen tremendously while worker income has not. Maybe that has a little to do with union membership in the private sector being at historical lows. But hey, free markets know what's best!
Jason 3 months, 3 weeks ago
Pack- As you can re-read again up above, the government working with private industry side-by-side as complimentary partners is the answer. We need both. How's this for an original thought, we need balanced solutions. Which party leader is promoting that?
madstork 3 months, 3 weeks ago
Hell, he's going to bankrupt families!! From the wire...In a final regulation issued Wednesday, the Internal Revenue Service (IRS) assumed that under Obamacare the cheapest health insurance plan available in 2016 for a family will cost $20,000 for the year.
And that's for a Bronze plan. Not exactly what he sold the public.
http://beforeitsnews.com/opinion-conservative/2013/02/scary-irs-estimates-cheapest-2016-obamacare-family-plan-will-be-20000-2570398.html
packwilleat 3 months, 3 weeks ago
Jason ~ no modern economy has ever operated on free markets, not even the USA. Ever. Free market capitalism is still theoretical.
dustyrhoades 3 months, 3 weeks ago
no modern economy has ever operated on free markets, not even the USA. Ever. Free market capitalism is still theoretical.
The closest we ever got was in the 19th century. The human misery caused by unfettered capitalism was what led to changing it. I guess we can add American history to the list of subjects you don't understand.
packwilleat 3 months, 3 weeks ago
And we still operated under gov't/colony issued currency. There is a plethora of knowledge you are lacking Dusty. I honestly don't even care to explain anything to you.
dustyrhoades 3 months, 3 weeks ago
Classic Pack. Claims I rely on insults rather than facts, then confronted with facts he doesn't like, he sulks like a child.
Thatcher 3 months, 3 weeks ago
(11 hours, 53 min. ago)-- "Could you make money if you alone, as a business expense, had to pay for 100% of your employees' education K thru whatever you required?" Rather than answer your question and waste time, it might be best if you re-read your question, consider what you really meant to ask, and rephrase the question. I suspect you would not like the answer to the question you actually posted. Cheers!
Spocks_Brain 3 months, 3 weeks ago
I used to have a shady tree mechanic (hopefully he will be out of jail soon)-he'd have my Car torn apart and I'd get a little worried-he would say-when I panic that's when you (me) should get worried; when the biggest bond fund mutual fund manager gets worried-Bill Gross from Pimco- I get worried; he says the endless stimulus spending is insane and in the end will make money worthless-he uses the word 'supernova'. He states in the 80s 4 dollars of credit or stimulus created 1 dollar of real GDP; now it is taking 20 to create 1 dollar of real GDP growth; if we had a president that would study some econ 101 instead of harping about same sex immigrant couples maybe he would wake up and realize we are on a road to oblivion
Spocks_Brain 3 months, 3 weeks ago
And Jim Heim what a genius. He says if we have austerity we will see more GDP decline. Wtf.
Let's let true demand for something create prosperity. Sort of like Pure Gold-there is true demand for what can be found inside therefore people go. if there was no demand would the government provide stimulation?
Jason 3 months, 3 weeks ago
Thatch- Sorry the question went over your head! I'll try and simplify for you. Those of us who run businesses use all sorts of "tools" that have been paid for by others. Sure, we have contributed a little, but only a minuscule portion. We could never make a living if we had to carry the whole cost burden ourselves.
Spocks_Brain 3 months, 3 weeks ago
Would be glad to accompany DR and Clarabelle and Heim to Pure Gold to show them what true demand is and how natural stimulus can work! No demand no stimulus!
Spocks_Brain 3 months, 3 weeks ago
DR PG is unfettered and works..we dont need no stinking government to come up with all these artificial pricing mechanisms....right now markets dont work cause they arent based on anything real- we dont need you and your gay prez to come up with anything else like cap and trade-we dont need you-we need what works
CJ 3 months, 3 weeks ago
Obama CareLESS program has arrived. Went to the dr. this past Tuesday and my dr said many Pinehurst drs. are no longer giving mammograms to women over 65 because if it does show any cancer you cannot have treatment that Medicare has to pay for. A friend of mine also went and was diagnosed with Prostate cancer - he's around 70 - guess what? NO TREATMENT - sorry fellow, but you are too old and you are not allowed treatment for cancer. Obama CareLESS program wants to do away with anyone over 65. Sound familiar?????? Oh, they will treat you if you can pay out of pocket $7500 a month for cancer treatment. Know why? because Obama stole the money from Medicare to fund his wonderful Obama CareLESS program. America - WAKE UP!!!!!!!!!!!!!!
blake 3 months, 3 weeks ago
CJ, I am a practicing physician in the community and am not a fan of Obamacare. Yet, I have to say your handwaving and the sky if falling approach really is not justified or fair. It just does not help the argument. There has not yet been any form of rationing. There has not been restrictions on mammograms nor cancer treatments.
Jason 3 months, 3 weeks ago
"Over the past three decades, the wages of median workers have remained essentially the same, adjusted for inflation, while the wages and the wealth of the top one percent have skyrocketed." http://business.time.com/2013/02/01/is-middle-class-stagnation-really-a-myth/?xid=newsletter-daily
Spocks_Brain 3 months, 3 weeks ago
wdd u r correct remember its taking 20 dollars of stimulus to generate 1 dollar in real GDP growth, per Bill Gross at Pimco. Advise everyone to start reading http://www.zerohedge.com/; as a broker I am shocked at the antics of this government..Id rather have sky high interest rates like in the 80s; only a rise in interest rates will stop the government.
Spocks_Brain 3 months, 3 weeks ago
read this!
Friday Tragicomedy: Former Fed Advisor Urges Fed To Buy More, "A Lot More" ... $30 Trillion More Submitted by Tyler Durden on 02/01/2013 - 14:30 While we can only hope the following screed posted in an otherwise serious BusinessWeek, by David Kemper, CEO of Commerce Bankshare, and more importantly, a former president of the Federal Advisory Council of the Federal Reserve and thus indicative of the kind of "advice" the Fed receives, is a joke we have a very nagging feeling that the text below is actually serious. Which is why instead of Friday humor, we have decided to err on the side of caution and call this segment Friday tragicomedy. Because with a statement such as the following: "Why not expand the Fed balance sheet exponentially, from its current $3 trillion to $33 trillion... Would $30 trillion in extra buying power be inflationary when our entire current GDP is only about $15 trillion? Maybe, maybe not—but we need a game-changer here. First let’s celebrate the Fed’s record profits and its contribution to reducing our deficit. Then let’s seize the moment to do something truly grand: eliminate that stubborn deficit. We have the tools, and I, for one, say let’s give it a try."... it shows that the idiotic trillion dollar coin, Sheila Bair's farcical suggestion to let every American borrow $10 million from the Fed at zero rates, or even our suggestion from a year ago that the government build a Death Star, may appear as sheer genius in comparison to what else the Fed may be considering, and implement, before all this is said and done.
Thatcher 3 months, 3 weeks ago
"Those of us who run businesses use all sorts of 'tools' that have been paid for by others. Sure we have contributed a little, but only a miniscule portion." Since your original post referred to school (K through whatever), I'm assuming by "tools" you mean education. If you do, and if you contend that you and I only contributed a "miniscule" amount to ths effort, please tell us who paid the remaining part and how? I look forward to your answer. Cheers!
Thatcher 3 months, 3 weeks ago
Then we can discuss your "cost burden" claim. Cheers!