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He's right.
SS should be run like a real pension plan, like the hundreds of state plans set up for state employees and like countries such as Norway and Canada. People should also have the option of investing for themselves, like they do in Chile.
We would put SS on sound footing and could cut payroll taxes.
that would be fine if everyone were looking at long term expansion of the market. but people who are retiring and who need the money to live on can't wait for the market to right itself. i'd think the one thing we should have learned from the 2008 crash is that social security should never be subject to market whims.
This is a market maker's wet dream.
Lots of government cash without any responsiblity.
I suppose you all think it's a good thing to kick the can down the road further ignoring the problem and ensuring this turns into a double dip recession. I can't really agree that this is good. Expected, but not really good.
No. I think it sucks, but the GOP demanded it be kicked down the road in lieu of the debt limit increase bill, which is WHAT CREATED THE FUCKING FISCAL CLIFF, you ignorant nincumpoop!!!
And how did they "solve" it? Kick it down the road another 3 months. Way to go GOP, you inept fucking cock suckers.
Your partisan ignorance is astounding.
that would be fine if everyone were looking at long term expansion of the market. but people who are retiring and who need the money to live on can't wait for the market to right itself. i'd think the one thing we should have learned from the 2008 crash is that social security should never be subject to market whims.
This is a market maker's wet dream.
Lots of government cash without any responsiblity.
yep there is no responsibility.....
instead of a sound pension fund.... or a responsible SS fund that is protected.....
all the the Dimwits need is a 'printing press'.....the click of a button......
This isn't a GOP deal. The vast majority of the right opposed kicking this down the road.
This could have been avoided at any point had we made the Bush tax cuts permenant years ago.
This could be avoided if politicians in either party were willing to actually cut the spending so we don't need to borrow money and come close to the debt ceiling.
Nothing has been fixed by this deal. Just like nothing was fixed in the last debt ceiling deal where Obama keeps getting what he wants and the conservatives in the GOP get absolutely NOTHING.
Let's have one serious cut to the budget. Im not talking about slowing growth, but a serious cut. You will never get anyone to actually cut the government. You won't get anyone seriously proposing we end baseline budgeting and that Congress actually do it's job and create a budget based on the tax revenues we actually receive.
There are only a few GOP reps actually fighting for a real solution to this problem and unfortunately, they aren't doing enough.
It is when Boehner's Congress votes to pass it. You do realized that all spending by the Executive must be made law by the Congress; yeah?
Just checking.
Hey dumbfuck, "Congress" is both the House and the Senate. Harry reid runs the senate. Ever heard of him? It's not "Boehner's Congress" you half wit.
It is when Boehner's Congress votes to pass it. You do realized that all spending by the Executive must be made law by the Congress; yeah?
Just checking.
Hey dumbfuck, "Congress" is both the House and the Senate. Harry reid runs the senate. Ever heard of him? It's not "Boehner's Congress" you half wit.
Not in that context, you drooling, cross-eyed, moron with an IQ south of turnip!!!
Ergo, the disambiguation: BOEHNER'S CONGRESS!!!!!
Kicking the can down the road, increasing Social Security Taxes, no actual spending cuts, coupled with the trillion dollar tax increase for Obama care, that comes into effect this new year, is considered a victory? I guess the country has to be run totally into the ground before it comes to its senses. As for the DOW, maybe you should look at the amount of money that has continued to be removed from the market over the past 48 months that has been redirected to ETF's, bonds, and gold, before you sing Kum Bah Ya! Apparently not everyone is sold on the strength and security of the dollar, or should I state government.
Kicking the can down the road, increasing Social Security Taxes, no actual spending cuts, coupled with the trillion dollar tax increase for Obama care, that comes into effect this new year, is considered a victory? I guess the country has to be run totally into the ground before it comes to its senses. As for the DOW, maybe you should look at the amount of money that has continued to be removed from the market over the past 48 months that has been redirected to ETF's, bonds, and gold, before you sing Kum Bah Ya! Apparently not everyone is sold on the strength and security of the dollar, or should I state government.
Kicking the can down the road, increasing Social Security Taxes, no actual spending cuts, coupled with the trillion dollar tax increase for Obama care, that comes into effect this new year, is considered a victory? I guess the country has to be run totally into the ground before it comes to its senses. As for the DOW, maybe you should look at the amount of money that has continued to be removed from the market over the past 48 months that has been redirected to ETF's, bonds, and gold, before you sing Kum Bah Ya! Apparently not everyone is sold on the strength and security of the dollar, or should I state government.
This is a market maker's wet dream.
Lots of government cash without any responsiblity.
yep there is no responsibility.....
instead of a sound pension fund.... or a responsible SS fund that is protected.....
all the the Dimwits need is a 'printing press'.....the click of a button......
Protected by what?
You have a 401K?
I do.
As a result of Bush policies it lost 50K in the last month of 2008. If I were retiring..I'd have been fucked.
And there's very little happening in terms of regulation to protect against this sort of spike.
In fact..quite the opposite. Brokers make vast amounts of money in a market that flucuates like that. The option market depends on it.
Hey dumbfuck, "Congress" is both the House and the Senate. Harry reid runs the senate. Ever heard of him? It's not "Boehner's Congress" you half wit.
Not in that context, you drooling, cross-eyed, moron with an IQ south of turnip!!!
Ergo, the disambiguation: BOEHNER'S CONGRESS!!!!!
It is exactly in that context. you are trying to blame this mess on the spending of "Congress" and to a degree, you are correct. but being a partisan moron, you try to blame the GOP and ignore the Democrats in the House and the Senate, and the power and influence of obama and the dealings done by Biden.
You just aren't bright enough to be talking about this.
that would be fine if everyone were looking at long term expansion of the market. but people who are retiring and who need the money to live on can't wait for the market to right itself. i'd think the one thing we should have learned from the 2008 crash is that social security should never be subject to market whims.
This is a market maker's wet dream.
Lots of government cash without any responsiblity.
yep there is no responsibility.....
instead of a sound pension fund.... or a responsible SS fund that is protected.....
all the the Dimwits need is a 'printing press'.....the click of a button......
that would be fine if everyone were looking at long term expansion of the market. but people who are retiring and who need the money to live on can't wait for the market to right itself. i'd think the one thing we should have learned from the 2008 crash is that social security should never be subject to market whims.
Kicking the can down the road, increasing Social Security Taxes, no actual spending cuts, coupled with the trillion dollar tax increase for Obama care, that comes into effect this new year, is considered a victory? I guess the country has to be run totally into the ground before it comes to its senses. As for the DOW, maybe you should look at the amount of money that has continued to be removed from the market over the past 48 months that has been redirected to ETF's, bonds, and gold, before you sing Kum Bah Ya! Apparently not everyone is sold on the strength and security of the dollar, or should I state government.
Which cuts have been identified by Republicans?
List them.
This is a market maker's wet dream.
Lots of government cash without any responsiblity.
yep there is no responsibility.....
instead of a sound pension fund.... or a responsible SS fund that is protected.....
all the the Dimwits need is a 'printing press'.....the click of a button......
Protected by what?
You have a 401K?
I do.
As a result of Bush policies it lost 50K in the last month of 2008. If I were retiring..I'd have been fucked.
And there's very little happening in terms of regulation to protect against this sort of spike.
In fact..quite the opposite. Brokers make vast amounts of money in a market that flucuates like that. The option market depends on it.
......it's being devalued by the minute...
This is a market maker's wet dream.
Lots of government cash without any responsiblity.
yep there is no responsibility.....
instead of a sound pension fund.... or a responsible SS fund that is protected.....
all the the Dimwits need is a 'printing press'.....the click of a button......
Works just fine as long as our currency is accepted as the defacto gold standard.
Wonder when the Saudis and the like stop trading their oil for the paper we print up?
yep there is no responsibility.....
instead of a sound pension fund.... or a responsible SS fund that is protected.....
all the the Dimwits need is a 'printing press'.....the click of a button......
Works just fine as long as our currency is accepted as the defacto gold standard.
Wonder when the Saudis and the like stop trading their oil for the paper we print up?
Okay; I'm beginning to understand. (the maxim that "a little knowledge is a dangerous thing".)
Not money we print. Petrodollars, so called, are a virtually currency. They don't actually exist, but merely time-stamp the transaction based on the current US Dollar exchange rate (how many Saudi Riyals come in that day for the barrel of crude that ships out.)
And indeed, the Euro them wacky more-socialized EU countries cooked up has been more stable as of late, and OPEC and others have urged that they switch to that, but as of now, it remains ...
PETRODOLLAR (not currency) = $1 US. No shit.
He's right.
SS should be run like a real pension plan, like the hundreds of state plans set up for state employees and like countries such as Norway and Canada. People should also have the option of investing for themselves, like they do in Chile.
We would put SS on sound footing and could cut payroll taxes.
that would be fine if everyone were looking at long term expansion of the market. but people who are retiring and who need the money to live on can't wait for the market to right itself. i'd think the one thing we should have learned from the 2008 crash is that social security should never be subject to market whims.
This is a market maker's wet dream.
Lots of government cash without any responsiblity.
Kicking the can down the road, increasing Social Security Taxes, no actual spending cuts, coupled with the trillion dollar tax increase for Obama care, that comes into effect this new year, is considered a victory? I guess the country has to be run totally into the ground before it comes to its senses. As for the DOW, maybe you should look at the amount of money that has continued to be removed from the market over the past 48 months that has been redirected to ETF's, bonds, and gold, before you sing Kum Bah Ya! Apparently not everyone is sold on the strength and security of the dollar, or should I state government.
Which cuts have been identified by Republicans?
List them.
What hurts is we pay more for prescription drugs for Medicare patients than any other citizens on the planet. And Obama is burdened with that cost, as are we. (Thank you not, Bush 43 and GOP.) Ligering cost of the wars, one of which was entered into on entirely false premises. (Thanks not Neo Cons in Bush 43's Admin.) We also fund Home Land Security, the biggest new department of government yet concieved (Thanks not, Bush 43, for making opposition to it something they characterized as "with the Terrorists.) Debate it seems, was not something Bush 43 was keen on.
And Obama has to fund ALL of those things, on top of everything else, and EVEN THEN, has kept spending increases below inflation and population increases, while that fucking nightmare we call the Bush 43 Admin, increased spending nearly three times that of inflation and population.
Bush might easily have been the biggest spender in modern history, while Obama is actually making cuts in spending, per capita and in inflation adjusted Dollars.
Boy that's gotta chap the asses of ignorant fucks (Republicans / Righties) that still hold to the delusion that Dems are spenders and Reps are fiscally responsible, which couldn't be further from the truth.
O's budget has increased since he took office. He hasnt passed a budget in four years. He will go down as the biggest spender in US history....easily surpassing the previous 43 presidents......combined but that wont even chap the left although they complained incessantly about it during Bush 43 terms.
Yes. We covered that under percentage increase, which is driven by population and inflation, to the tune of about 3% a year, if spending programs go unchanged.
Meanwhile, the Executive requests appopriations and then signs into law what the Legislative passes, or doesn't pass, when the House votes for some trud they know will never pass the Senate.
Read up on how government (ours) works. You might find it interesting.
