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The Bankrupting of a Nation


By Honest Abe   Follow   Thu, 19 Apr 2012, 11:48pm PDT   8,551 views   89 comments
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Is it true 40% of American households recieve a direct financial benefit from the government? 40%? Thats the result of creeping tyranny...trickle down misery...just what the existing regime wants, comrade.

http://news.investors.com/article/608418/201204200802/ssdi-disability-rolls-skyrocket-under-obama.htm

iwog   Fri, 20 Apr 2012, 12:46am PDT   Share   Quote   Permalink   Like (3)   Dislike     Comment 1

Honest Abe says

Duckie - I'm not taking the bait. I didn't say it was Carters fault. I didn't say it was FDR's fault, I didn't say it was OOOObama's fault, I didn't say it was Bush's fault.

Of course you said it was Obama's fault. Where you fail miserably every single time is that you don't give any reasons why it's Obama's fault.

DER......HE DA PREZIDENT RITE??? ITS OBAMA'S FAULT!

tatupu70   Tue, 24 Apr 2012, 4:26am PDT   Share   Quote   Permalink   Like (3)   Dislike (1)     Comment 2

CBOEtrader says

He lied. Are you denying this?

Nope. We're not talking about him lying.

We're talking about which party wants to take money out of politics, and which party doesn't.

tatupu70   Tue, 24 Apr 2012, 4:46am PDT   Share   Quote   Permalink   Like (2)   Dislike     Comment 3

CBOEtrader says

Neither of them do. That is the point.

I'm not sure how you can conclude this. Which party passes campaign finance bills? Other than McCain, can you think of any Replublicans who would support it?

I agree that Obama has been disappointing. But you are concluding that he doesn't want to change the system when I would argue he does and has tried, but has been stymied by the opposition party. That's a very different situation.

david1   Thu, 26 Apr 2012, 6:27am PDT   Share   Quote   Permalink   Like (2)   Dislike     Comment 4

bob2356 says

What is your definition of the "job market" that's doing better. The number of people working is less than 10 years ago despite the population increasing by 30 million.

You guys just keep fucking making shit up.

In Mar 2002, total US nonfarm payrolls was 130.421 Million. In Mar 2012, it is 132.821 Million.

In Mar 2002, population was 282 million, 28 million of which were 65+. Total under 65 is 254 million.

In Mar 2012, US population is 313 million, 41 million of which are over 65. Total under 65 is 272 million.

130.421/254 = 51.3% employed under 65.
132.821/272 = 48.8% employed under 65.
2.5% less.

Unemployment rate in Mar 2002 was 5.7%. Now its 8.2%. 2.5% higher.

See the correlation???

iwog   Thu, 19 Apr 2012, 11:57pm PDT   Share   Quote   Permalink   Like (2)   Dislike (1)     Comment 5

The biggest spike occurred under George Bush in 2008. The second biggest spike occurred in 2009 during the Bush depression. After that the increases return to the trend line.

Anyway this is all more lying by people who don't give a rat's ass about the truth. I could ask you what actions were taken by Obama (or Bush for that matter) to increase disability rolls, but you'd run away again. The bottom line is that during economic hardship, people will use whatever resources they can obtain.

Since Reagan and the neoconservatives have destroyed our economy over 30 years, (clearly visible on the graph) the number of people on disability has risen substantially. This is the result of the wealth disparity that you so actively covet and has nothing to do with the Democrats.

And for the record, people who take Michael Savage seriously are brain dead. No exceptions.

.cms

iwog   Fri, 20 Apr 2012, 12:01am PDT   Share   Quote   Permalink   Like (2)   Dislike (1)     Comment 6

Honest Abe says

None of this is an accident. This is a direct result of a bloated, over-reaching, leveling the playing field, "caring", benevolent, supportive, all inclusive, intrusive, busy-body NANNY STATE.

So what specific actions have been taken lately by the federal government to make this worse?

Oh that's right, you can't answer. Keep running child.

marcus   Fri, 20 Apr 2012, 12:19am PDT   Share   Quote   Permalink   Like (1)   Dislike     Comment 7

Honest Abe says

OH, wait - I know the solution...TAX THE RICH

Maybe the solution is to understax income, especially higher incomes, and then when the entire system fails, hope that we then somehow get to a "LIMITED, CONSTITUTIONAL GOVERNMENT, WITH A SOUND MONEY SYSTEM,"

rather than some terrible fascist police state controlled by the corporations and plutocrats.

Even David Stockman now totally denounces "Starve the beast."

tatupu70   Fri, 20 Apr 2012, 12:56am PDT   Share   Quote   Permalink   Like (2)   Dislike (1)     Comment 8

Honest Abe says

Bleed the successful, tax paying, job providers to support the unsuccessful, non-taxpayers, in the name of "fairness".

Forget fairness. How about in the name of saving the economy?

When wealth disparity reaches the levels that we've got now, the economy stops working. Period. End of story.

You want evidence? How about the 1920s?

iwog   Mon, 23 Apr 2012, 8:39am PDT   Share   Quote   Permalink   Like (3)   Dislike (2)     Comment 9

Honest Abe says

More dishonesty from our "trusted" elected officials.

Why don't you stop posting stupid links and answer my fucking question.

It's Obama's fault? What did Obama do again? You never told us.

tatupu70   Mon, 23 Apr 2012, 11:52pm PDT   Share   Quote   Permalink   Like (1)   Dislike     Comment 10

clambo says

The problem with some people is they don't get out enough and meet the people around them, let alone travel the world from time to time. Or, they're just willfully ignorant or not observant

How about you look in a mirror?

iwog   Tue, 24 Apr 2012, 6:13am PDT   Share   Quote   Permalink   Like (4)   Dislike (3)     Comment 11

CBOEtrader says

Obama wanted to come across as a new type of politician, and the US ate it up...but he is more of the same.

He's not more of the same. He started out trying to be a force for good by actively working to pass reforms and ended up as little more than a blockade against right-wingers who are trying to dismantle everything that holds this country together.

You really want the Ryan plan to pass? You want to see an end to Medicare? Social Security? Unemployment? Food stamps? You want billionaires (with a B) stockpiling more billions as taxes on capital gains, interest, dividends, and inheritance is dropped to ZERO?

You know something? I'm stunned just writing the last paragraph. I can't imagine how ANYONE right, left, or center can possibly support such an atrocity as the Ryan budget. It's so radical that you'll have people like Warren Buffett paying NOTHING WHATSOEVER in taxes while a single mom working 60 hours a week is sending a large part of her check to Washington.

It's vile beyond description, yet this disgusting piece of shit passed the House of Representatives in a near party line vote.

If Republicans get the Senate back, Obama will literally be the only man left who can save this country from hell. This is not an exaggeration. It's very clear which party wants all elections dominated by money and which party is willing to set limits. Don't be disingenuous and claim otherwise.

tatupu70   Tue, 24 Apr 2012, 9:31pm PDT   Share   Quote   Permalink   Like (2)   Dislike (1)     Comment 12

Cloud says

More people are on food stamps;

They sure are. That's an obvious result of record income inequality.

Cloud says

Nobody is better off except for his investment bankers and his pal Warren Buffet.

Unemployment is down. So, I'd say lots of people are better off.

bob2356   Tue, 24 Apr 2012, 10:22pm PDT   Share   Quote   Permalink   Like (1)   Dislike     Comment 13

tatupu70 says

Unemployment is down. So, I'd say lots of people are better off.

The government reported unemployment rate is down. In real life the population continues to increase and work force participation continues to decline.

There are more people, less of them are working and the unemployment rate went down. Amazing. Pretty cool what you can do with numbers when you are the government.

bob2356   Thu, 26 Apr 2012, 6:04am PDT   Share   Quote   Permalink   Like (2)   Dislike (1)     Comment 14

iwog says

bob2356 says

There are more people, less of them are working and the unemployment rate went down. Amazing. Pretty cool what you can do with numbers when you are the government.

I've been hearing this argument for three decades now. Unemployment methodology might not be accurate, but it is consistent with itself. The job market HAS been better and everyone I know in business is reporting it.

You've been hearing about this for 30 years? Really? Thats especially interesting since this situation hasn't occurred in the last 30 years. The last time massive numbers of people ran out of unemployment benefits and fell off the survey was in the 70's. Then the number of women entering the work force more than exceeded the number of people dropping out of the survey so it wasn't comparable at all. What is happening today has no precedent since the depression.

What is your definition of the "job market" that's doing better. The number of people working is less than 10 years ago despite the population increasing by 30 million. What would worse look like?

Huge numbers of people are taking an involuntary early retirement because there are simply no jobs. With unemployment run out, drawing down IRA's and if possible collecting social security is their only option to survive. Most don't have anywhere near the savings they need for this. This is not going to end well at all for them or the economy.

iwog   Thu, 26 Apr 2012, 6:29am PDT   Share   Quote   Permalink   Like (2)   Dislike (1)     Comment 15

bob2356 says

What is your definition of the "job market" that's doing better. The number of people working is less than 10 years ago despite the population increasing by 30 million. What would worse look like?

I'm pretty sure the number of people is higher than 10 years ago regardless of what official numbers say. Every contractor I've dealt with since I started buying real estate has one to several cash employees, often illegal, doing the work for them. The permit process has become a joke and contractors are surprised when you ask for one. The rise of the aristocracy means many more domestic jobs are necessary than even a decade ago. Prostitution is skyrocketing and sugardaddy websites are signing up thousands of girls every day. More specific to my industry, the bankruptcy "reform" act of 2005 sent almost every paralegal bankruptcy preparer underground. They are still there, but now they are on Craig's List and they CAN'T report wages because they are in violation of federal law. Then there's ebay and the explosion of people going into business selling stuff. The IRS has indicated it might crack down, but how do you enforce income tax on people buying at garage sales?

My main point is that there's more than one side here. As far as legitimate employment, everyone is reporting better job conditions. I'm not simply going to ignore it and pretend things aren't getting better.

iwog   Wed, 4 Jul 2012, 2:56am PDT   Share   Quote   Permalink   Like (3)   Dislike (2)     Comment 16

HEY YOU says

If the U.S. House holds the purse string & the majority is Republican , Who is responsible for tax dollars being spent?

I think the Senate, White House & Supreme Court play second fiddle to any funding decisions.

No one today is responsible for the tax dollars being spent.

The stimulus bill was the last major piece of new spending. Everything else is ongoing spending (mostly by the Bush administration) that has already been locked in by law.

The idea that Obama is spending us into bankruptcy is a childish lie repeated by people who have no idea what's in the budget and don't care.

Bellingham Bill   Wed, 4 Jul 2012, 7:27am PDT   Share   Quote   Permalink   Like (1)   Dislike     Comment 17

clambo says

Under Bush the debt was being paid down until the economic crisis hit
You ignorant liberals all conveniently forget that Congress 1. approved Iraq war 2. spends the money. The president doesn't have this power.

The sheer degree of bullshitting in these few assertions is commendable.

For one, the national debt grew under Bush -- no debt was being paid down:

http://research.stlouisfed.org/fred2/graph/?g=8rt

And the only reason the federal deficit fell was that the consumer debt take-on absolutely exploded 2001-2006:

http://research.stlouisfed.org/fred2/graph/?g=8ru

That chart compares the annual federal deficit (blue) with the annual consumer debt take-on (red).

From 2003 through 2006 consumers were borrowing & spending $1T+/yr into the economy, and the Feds were taking their cut of that over-stimulated economic activity.

And while "Congress" certainly approved the war, there are two things with that.

1) The vote in the House 252-6 (Republicans) and 82-126 (Dems). The Dems in the House largely voted against the war but the Republicans got what they wanted.

Same story in the Senate, but given the rural idiot states there were more rural idiot Dem senators voting for war.

(48-1 on the Republican side and 29-21 on the Dem side).

Clinton and Kerry did not vote wisely in 2002, but there vote did not matter since there were 12 completely pro-war idiot Dem senators to join with the 48 Republican idiot pro-war senators to get the war resolution through the Senate. In retrospect they could have voted No for the optics of a meaningless protest vote, but they gambled wrong on that.

The Iraq War was a Republican enterprise that the Bush admin dragooned this country into and trying to slough it off on the Democrats is a breathtakingly deceptive tack.

Bravo for the attempt tho.

APOCALYPSEFUCKisShostikovitch   Wed, 4 Jul 2012, 7:50am PDT   Share   Quote   Permalink   Like (1)   Dislike     Comment 18

I want to rip out Cheney's eyes and skull fuck him to death 1,000,000 times 1,000,000 times for his crimes against humanity.

DIE AND DIE AGAIN, YOU MONSTER!

marcus   Tue, 24 Apr 2012, 12:10am PDT   Share   Quote   Permalink   Like (1)   Dislike (1)     Comment 19

CBOEtrader says

So you invoke the spector of an evil, aristocracy controlled fascist government, then mock the concept of limiting the government's power?

???

I'm not all that partisan, just because I think the democrats are far better than the republicans. But just focusing on one single issue taxes:

I have stated this at least 10 times before on this site, but my belief is 180 degrees from the typical republican's. I say that if you want to get spending under control, we should pay for our government, rather than borrowing money and undertaxing for what we spend.

If taxes were higher and more progressive and were always set to meet last years spending or current projections, then you would see the powerful (you know the same one paying for a lot of what we spend) make the necessary decisions to keep government from getting too large or too corrupt.

This isn't rocket science. It's called paying your bills and being a responsible adult.

The problem is that then how do republicans then have any power ? When we pay our bills the democrats who are less tied to the MIC and more likely to support programs for the middle class and poor, would be back in long term control of the the federal govt.

marcus   Tue, 24 Apr 2012, 12:21am PDT   Share   Quote   Permalink   Like (1)   Dislike (1)     Comment 20

I agree that both parties are moving us toward a corporatocracy or plutocracy fascist state. But the republicans are way worse, and are the ones who have policies that can not survive any kind of democracy.

We only survive with way less big money in politics. But I don't see how we get back to how it was even 50 years ago.

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