We're Doomed, He Hasn't a Clue

[dellinger63]

Extend payroll tax break extension and unemployment to produce jobs. Build roads and bridges (to nowhere) to employ out of work construction workers. In other words spend, spend spend! Not a peep about paying down the debt or even debt reduction. Simply tax more to maintain the out-of-control spending.

And tax those who can afford it. Make them pay their fair share. (already paying 80%)

[joeydb]

We've been doomed, and he NEVER had a clue. Congratulations, "Change" has arrived. Are the Obama zombies happy now?

Enjoy: http://www.youtube.com/watch?v=ghSJsEVf0pU

[dellinger63]

What continues to be alarming yet rarely ever spoken about is the fact senior citizens both present and in the future are among the largest owed creditors of the debt. $3.6 trillion, 100% owed, not a dime in cash, by a Treasury who had $60 billion on hand and had to kick and scream to get $1.2 trillion more, zero of which, was deposited in the SS fund. A fund that was fully paid for by recipients who paid in cash every pay period. Yet as soon as it was received in fact long before it was received it was spent with the promise of treasury credits. If they were a bank they'd be out of business and under indictment. Fixing social security should now be a priority above any program not funded by participents, including PBS, NPR, the national ad administration etc etc etc. Cuts are all in the details and there are thousands and thousands out there available to cut with little or no adverse effects to the general public.

It's a no brainer. We pay ourselves back the money owed us, reduce the debt by over $3 trillion and have a built in safety net so seniors will not have to worry anytime soon.

Meanwhile I can deal with the occasional pot hole.

[Riot]

It's amazing. It goes up on Red State, then comes out of your fingers. Just reflex arcs.

[Riot]

Originally Posted by dellinger63

Extend payroll tax break extension and unemployment to produce jobs. Build roads and bridges (to nowhere) to employ out of work construction workers. In other words spend, spend spend! Not a peep about paying down the debt or even debt reduction. Simply tax more to maintain the out-of-control spending.

And tax those who can afford it. Make them pay their fair share. (already paying 80%)

Here you go, Dell. Even conservative financial columnists say your view is "utterly perverse, utterly upside down".

The bond market has reacted to the S&P downgrade of US debt with a big rally in US Treasuries. As I write, the US government can borrow money for 10 years at about 2.3% and for 2 years at under one quarter of a point. The market wants to buy, buy, buy US debt.

What the market wants to sell are stocks: ie, claims on the future earnings of private-sector companies.

In other words, the market is saying: We fear recession and deflation. The Washington consensus is that we need to fight debt and inflation. It’s utterly upside down, utterly perverse.

http://www.frumforum.com/the-downgrade-rally

[clyde]

"Always be impeccable with yourself...unless you suck."


( Just collecting like terms, that's all.)

[somerfrost]

Originally Posted by dellinger63

What continues to be alarming yet rarely ever spoken about is the fact senior citizens both present and in the future are among the largest owed creditors of the debt. $3.6 trillion, 100% owed, not a dime in cash, by a Treasury who had $60 billion on hand and had to kick and scream to get $1.2 trillion more, zero of which, was deposited in the SS fund. A fund that was fully paid for by recipients who paid in cash every pay period. Yet as soon as it was received in fact long before it was received it was spent with the promise of treasury credits. If they were a bank they'd be out of business and under indictment. Fixing social security should now be a priority above any program not funded by participents, including PBS, NPR, the national ad administration etc etc etc. Cuts are all in the details and there are thousands and thousands out there available to cut with little or no adverse effects to the general public.

It's a no brainer. We pay ourselves back the money owed us, reduce the debt by over $3 trillion and have a built in safety net so seniors will not have to worry anytime soon.

Meanwhile I can deal with the occasional pot hole.

Dell, aren't you the one who accused me of "freeloading" because I'm on Social Security?

http://www.youtube.com/watch?v=2Z1XO...layer_embedded

[geeker2]

Originally Posted by Coach Pants

http://www.youtube.com/watch?v=2Z1XO...layer_embedded

Dylan for Prez

[dellinger63]

Originally Posted by somerfrost

Dell, aren't you the one who accused me of "freeloading" because I'm on Social Security?

No you are entitled to your SS. I just said it's sad that you didn't plan/save for retirement and now depend on that check. You know, when you were crying 'poor'.

[MaTH716]

Originally Posted by dellinger63

No you are entitled to your SS. I just said it's sad that you didn't plan/save for retirement and now depend on that check. You know, when you were crying 'poor'.

Not for anything Dell, but people can't even make ends meet now (and I'm talking about people with jobs). How the hell are they supposed to save/worry for the future?

[dellinger63]

Originally Posted by MaTH716

Not for anything Dell, but people can't even make ends meet now (and I'm talking about people with jobs). How the hell are they supposed to save/worry for the future?

Believe it or not, some people are not following the Dems budget plan of spending to prevent bankruptcy.

[MaTH716]

Originally Posted by dellinger63

Believe it or not, some people are not following the Dems budget plan of spending to prevent bankruptcy.

I'm not talking about ridiculous spending, I'm talking about the day to day cost of living. There are many people just struggling to survive now. How are they supposed to save for their retirements?

[jms62]

Originally Posted by MaTH716

I'm not talking about ridiculous spending, I'm talking about the day to day cost of living. There are many people just struggling to survive now. How are they supposed to save for their retirements?

Dell is without Sympathy or Empathy for his fellow Americans although he will tell us otherwise despite the hundreds of posts that confirm the former.

[joeydb]

Originally Posted by jms62

Dell is without Sympathy or Empathy for his fellow Americans although he will tell us otherwise despite the hundreds of posts that confirm the former.

...in your opinion.

[MaTH716]

Originally Posted by jms62

Dell is without Sympathy or Empathy for his fellow Americans although he will tell us otherwise despite the hundreds of posts that confirm the former.

Really J, what I'm saying has nothing to do with party lines. Cause honestly, the politicians don't give a s.hit about anything else except getting re-elected.
There are a lot of people hurting out there. We have discussed it before, the cost of living keeps going up and wages are not. The housing market continues to slip and you have to believe that there will eventually be a big credit card situation. For the most part, people with jobs can't be worried about raises, they are just happy to be employed. So honestly to Dell (or whoever else thinks they have the answer) how are people who are barely making ends meet now (if they are even doing that), supposed to save for their retirement?

[dellinger63]

Originally Posted by MaTH716

I'm not talking about ridiculous spending, I'm talking about the day to day cost of living. There are many people just struggling to survive now. How are they supposed to save for their retirements?

Many can't right now and I realize that. There will be a even larger reliance on SS in the future and that's why I think before we send another check to the mideast or engage in some stupid program like paying for cars to be destroyed the SS fund should be at least partially funded with real assets rather than credits. In other words collected SS taxes should not be used for anything other than SS payments! It's one way we can control the wasteful spending, while reducing the debt, while insuring seniors now and in the future have access to their money that they've put in. It's one of those very rare win-win-win situations.

[rpncaine]

Originally Posted by MaTH716

Really J, what I'm saying has nothing to do with party lines. Cause honestly, the politicians don't give a s.hit about anything else except getting re-elected.
There are a lot of people hurting out there. We have discussed it before, the cost of living keeps going up and wages are not. The housing market continues to slip and you have to believe that there will eventually be a big credit card situation. For the most part, people with jobs can't be worried about raises, they are just happy to be employed. So honestly to Dell (or whoever else thinks they have the answer) how are people who are barely making ends meet now (if they are even doing that), supposed to save for their retirement?

Yep, and the companies know it too. They are using it for leverage. Shut up, do your job or we'll get one of the 100's of others who would love to have your job.

[jms62]

Originally Posted by joeydb

...in your opinion.

And so are you clueless.

[jms62]

Originally Posted by dellinger63

Many can't right now and I realize that. There will be a even larger reliance on SS in the future and that's why I think before we send another check to the mideast or engage in some stupid program like paying for cars to be destroyed the SS fund should be at least partially funded with real assets rather than credits. In other words collected SS taxes should not be used for anything other than SS payments! It's one way we can control the wasteful spending, while reducing the debt, while insuring seniors now and in the future have access to their money that they've put in. It's one of those very rare win-win-win situations.

Got to admit you nailed this one.