114
   

Where is the US economy headed?

 
 
plainoldme
 
  1  
Reply Thu 21 Apr, 2011 09:25 pm
@Cycloptichorn,
That post about 4,000 years to become a billionaire was a new low, even by okie's usual standards.
0 Replies
 
plainoldme
 
  0  
Reply Thu 21 Apr, 2011 09:28 pm
@cicerone imposter,
Just ignore okie. His word of the day is fantasy. It came in an email to him this morning.
0 Replies
 
parados
 
  1  
Reply Thu 21 Apr, 2011 09:42 pm
@okie,
okie wrote:

That is different. Social Security and Medicare were supposed to be placed into funds as an insurance to be returned to the contributors.

Good grief, are the posters here so ignorant of how all of this crap was supposed to work, and how it was sold to the people? This forum is hopeless with the uninformed and ignorant.

The only one being ignorant of it seems to be you okie.
SS was designed to be pay/go. Current taxes go to current retirees. There are no personal accounts where money goes to be returned to contributors.
cicerone imposter
 
  1  
Reply Thu 21 Apr, 2011 09:48 pm
@parados,
Maybe, okie has a special social security account with the federal government with his name on it. LOL He should contact the feds to see what his balance is, so he can rest in peace.
0 Replies
 
H2O MAN
 
  -1  
Reply Fri 22 Apr, 2011 02:07 am
@plainoldme,
plainoldme wrote:

Quote:
A couple earning $250K per year is NOT RICH... NOT EVEN CLOSE.


Aren't you a selfish pig!


Care to explain yourself?
0 Replies
 
H2O MAN
 
  -1  
Reply Fri 22 Apr, 2011 02:09 am
@MontereyJack,
And you would be wrong, but what's new.
0 Replies
 
H2O MAN
 
  -1  
Reply Fri 22 Apr, 2011 02:09 am
@reasoning logic,
Obamanomics
0 Replies
 
okie
 
  0  
Reply Fri 22 Apr, 2011 02:17 am
@reasoning logic,
reasoning logic wrote:
So you do see what is going to happen don't you! I do hope that you are a good okie farmer and that others will not come and take by force what they think they may need!

If they do, I think that it will be our fault for not loving them as our self!

We preach love but teach division!
On the contrary, the government has preached love by promising to take care of everyone, and they hav defrauded the people and broken their promises. It is not the American people's fault who have been forced to pay their hard earned money to the the almightly government's ill advised and bogus promises. They have misspent our money and committed fraud upon us.

What you need to realize is that when the government takes by force, it is stealing and it is directly opposed to the constitutuion.
0 Replies
 
okie
 
  -1  
Reply Fri 22 Apr, 2011 02:23 am
@parados,
parados wrote:

The only one being ignorant of it seems to be you okie.
Quote:
SS was designed to be pay/go. Current taxes go to current retirees. There are no personal accounts where money goes to be returned to contributors.
That is precisely my point, and that is why this program was and is a Ponzi scheme. The point is that the managers of the program have failed to accurately allow for future promised payouts, which will surely lead to default. The money was lent to the general fund to be wasted at very substandard returns on our investments. No insurance company or investment house would get by with that.
H2O MAN
 
  -3  
Reply Fri 22 Apr, 2011 02:29 am


People Want to Tax the Rich? You're Kidding Me, Right?

0 Replies
 
H2O MAN
 
  -2  
Reply Fri 22 Apr, 2011 02:31 am


For You Know-It-All College Students
0 Replies
 
plainoldme
 
  -1  
Reply Fri 22 Apr, 2011 06:58 am
@okie,
Quote:
There won't be enough money to support the promised benefits, so the programs will default.


Care to dig below the surface and figure out why this might happen?

How about immediately after WWII, in the midst of the biggest homecoming since Ulysses, people fucked like rabbits out of the pure joy of not being at war and produced, ta da!, the Baby Boom. During this time, marriage was exalted, in large part because reliable birth control was unavailable, either because it simply wasn't or because laws made the use of birth control an offense. So, brides marched down the aisle at 18 rather than in their mid-to-late 20s as girls in service or mill workers did.

Then, people began to show some sense and several more reliable methods
of birth control emerged. Women entered universities rather than domestic work which no longer existed because of appliances. Marriage could be put off. Child-bearing could be put off.

A side effect of having all these extra people -- women -- in the work force was to raise wages. There were other factors as well.

Technology changed and much work no longer existed.

Of course, the robber barons sent jobs overseas. Think of Oshkosh overalls and Hathaway shirts, good companies destroyed by greed.

But all of this analysis is just too much history, too much economics and too much reasoning for okie.
0 Replies
 
parados
 
  0  
Reply Fri 22 Apr, 2011 07:10 am
@okie,
okie wrote:

parados wrote:

The only one being ignorant of it seems to be you okie.
Quote:
SS was designed to be pay/go. Current taxes go to current retirees. There are no personal accounts where money goes to be returned to contributors.
That is precisely my point, and that is why this program was and is a Ponzi scheme. The point is that the managers of the program have failed to accurately allow for future promised payouts, which will surely lead to default. The money was lent to the general fund to be wasted at very substandard returns on our investments. No insurance company or investment house would get by with that.

If that was your point okie, then why in the hell did you say the exact opposite?
And then you turn around and argue the same thing you said you didn't.
SS was designed as pay/go. There were to be no trust funds. Because trust funds now exist doesn't change why and how SS was designed in the first place.
cicerone imposter
 
  -1  
Reply Fri 22 Apr, 2011 09:38 am
@parados,
Here's another okie lie that he will deny. No wonder he's so dumb.
0 Replies
 
Cycloptichorn
 
  -1  
Reply Fri 22 Apr, 2011 09:41 am
@parados,
Quote:

If that was your point okie, then why in the hell did you say the exact opposite?


That is an excellent point, Parados. It's amazing that he can contradict himself so quickly and efficiently, with apparently no realization that this is what he just did.

What it shows, is that Okie's objections to these things are based on his emotions, not his mind. He didn't decide SS was a 'ponzi scheme' because he studied it in depth and came to a reasoned conclusion. He did so because Rush and Beck and his elected leaders in Congress repeat it over and over. So now he has a conclusion, and has to work backwards to build up a set of facts to support it.

This is par for the course for about 90% of the topics we discuss with him here on A2K.

Cycloptichorn
cicerone imposter
 
  0  
Reply Fri 22 Apr, 2011 09:48 am
@Cycloptichorn,
What mind? okie doesn't have one; he's a parrot who repeats things he hears on FOX News without any ability to decipher whether they are lies or outright lies. He can't even keep his "stories" straight from one sentence to the next. That goes beyond ignorance and stupidity.

He'll continue to demand you prove his lies. Get it?
Cycloptichorn
 
  1  
Reply Fri 22 Apr, 2011 09:49 am
@cicerone imposter,
Well, sure, but fortunately I am immune to such demands. And I think that on a personal level, he's probably a nice guy, so I'm going to continue to engage him.

Cycloptichorn
cicerone imposter
 
  0  
Reply Fri 22 Apr, 2011 09:50 am
@Cycloptichorn,
You have the patience of an angel, and angels are myths.
0 Replies
 
RABEL222
 
  1  
Reply Fri 22 Apr, 2011 09:57 am
@Cycloptichorn,
You might point out to them that most improvements to soc sec and medicare by the dems were funded, taxes passed to pay for them, while the conseratives passed so called improvements in them but dident fund them in hopes of doing what is going on right now, which is to break the social system. The only people that will gain from putting soc sec into a business account will be banks and wall street. I am still trying to get my losses from the Bush years back from wall street and the bankers.
cicerone imposter
 
  1  
Reply Fri 22 Apr, 2011 10:15 am
@RABEL222,
To be fair, it wasn't only the conservatives who passed expansion of the program to people who never paid into it to benefit from those program(s) called Medicare and Medical.

However, the big difference between the two parties are obvious; the GOP wants to cut these programs by blaming the national debt problem to it, while the democrats make all attempts to provide better lives for all citizens in this country - like all developed countries in this world (of today).

The GOP prefer to fund wars over our own citizens, and that includes class warfare. They are starving our schools, our infrastructure, and growing the national debt.

It's really silly how they manage to win voters when they themselves will lose their own security from the loss of those government programs.

They'll end up winning the battle and losing the war; more of them will end up eating dog food to survive as food and fuel prices continues to increase, and no medical care to care for their health needs.

 

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