CrusaderFrank
Diamond Member
- May 20, 2009
- 148,340
- 71,559
- 2,330
- Thread starter
- #41
Old people seem to bother you, why is that?Says the genius who thinks we spend more on defense than old people.
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Old people seem to bother you, why is that?Says the genius who thinks we spend more on defense than old people.
Now let's change the subject.
Largely true. The debt just becomes part of the economy and is traded in the marketplace.Grandpa, the reality is that no one's going to touch your checks and the budget's never going to be balanced. Rest easy.
Old people seem to bother you, why is that?
It's an interesting dichotomy, half of seniors hold huge wealth, the other half is dependent upon SS for survival, and together wield much political power.That is the subject. The olds are our biggest and fastest growing spending obligation, the olds don't want to cut the olds' benefits, the olds have political power. Spending isn't going to stop.
SS payments support the domestic economy, which is much needed. Here is what retirees spend their money on. They contribute very little to the massive hemorrhage of money from the economy.When you volunteer to give up your checks I'll believe you're serious about cutting spending.
No, I'm not the subject....You tried making it about me, and you failed.That is the subject. The olds are our biggest and fastest growing spending obligation, the olds don't want to cut the olds' benefits, the olds have political power. Spending isn't going to stop.
Broken windows.SS payments support the domestic economy, which is much needed. Here is what retirees spend their money on.
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Average Retirement Spending in 2023 + Budgeting Tips - RetireGuide
Discover the latest data on average retirement spending and learn about average cost of health care, housing, transportation and other expenses for retirees.www.retireguide.com
Debt never went down under Clinton, and Obama’s last three deficits were going up, Dumbass.Democrats manage that. They did it under Clinton, and were heading that way under Obama.
Past Republican tax cuts are pretty much responsible for all the current deficits.
Skilled domestic employment.Broken windows.
The bureaucrats, who feed first at the trough before any of us receive the pittance from the funds that we were forced to "contribute", aren't skilled producers.Skilled domestic employment.
I agree with everything in your post except this. Trump is only slightly better than the vacuous idiot.Trump is only slightly worse than Kamala
That is because the electorate will not vote for common sense. We are a microwave society. We expect complicated problems to be solved over night. Worse we are a consumer based society. Quit spending and jobs disappear. Fuck if I know what to do. You could have the solution figured out and the legislation would never happen because no consensus would ever be reached to pass it. Glad I am ducking old. Won't be long till my dirt nap and I won't have to worry about it anymore.It's gonna take pain....Nobody runs on pain.
Need to find a cure for old.
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Republicans managed it, not Democrats.Democrats manage that. They did it under Clinton, and were heading that way under Obama.
Past Republican tax cuts are pretty much responsible for all the current deficits.
Would reducing the amount of dividends to 0% from 6% , which the federal reserve banks receive and then distribute to their fat cats each year , help ?No, you need to find a cure for spending more than you take in.
0.5 percentThe bureaucrats, who feed first at the trough before any of us receive the pittance from the funds that we were forced to "contribute", aren't skilled producers.
Ending the Fed altogether would be an immense help." Capitalizing On Vast Sums For Doing Nothing "
* Helping Themselves To More For Less *
Would reducing the amount of dividends to 0% from 6% , which the federal reserve banks receive and then distribute to their fat cats each year , help ?
The amount of stock a member bank must own is equal to 3% of its combined capital and surplus.[78] However, holding stock in a Federal Reserve bank is not like owning stock in a publicly traded company. These stocks cannot be sold or traded, and member banks do not control the Federal Reserve Bank as a result of owning this stock. From their Regional Bank, member banks with $10 billion or less in assets receive a dividend of 6%, while member banks with more than $10 billion in assets receive the lesser of 6% or the current 10-year Treasury auction rate.[79] The remainder of the regional Federal Reserve Banks' profits is given over to the United States Treasury Department. In 2015, the Federal Reserve Banks made a profit of $100.2 billion and distributed $2.5 billion in dividends to member banks as well as returning $97.7 billion to the U.S. Treasury.[22]![]()
Federal Reserve - Wikipedia
en.wikipedia.org