BudgetbDeficit

 
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  #16  
Old 03-22-2017, 06:47 AM
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That goes for most Americans, not just the minorities. Look at those that have won the lottery, as an example. I am not saying you are wrong, only that you are focusing on just a small portion of the problem and not seeing the whole picture.
I'm seeing the MAJORITY of the picture...whites are 49% now. There are more of them and they are the BIGGEST receivers of welfare.

White countries, white cities, white towns, white neighborhoods, white schools...are ALWAYS better than black/Hispanic...EVERY time.

Welfare is mostly for THEM...the whites on welfare are very few and they're stupid white women who got mixed up with blacks and had their kids.

Don't believe me? Go down to the welfare office...see for yourself how many are minorities compared to white sitting in that waiting room.

Reality doesn't lie but the media does.
  #17  
Old 03-22-2017, 09:33 AM
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Default Interesting till you ask some questions

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I share your concern about the national debt but it continues to go up with absolutely no pain or downside. That is why very few are concerned or worried about it. If we had to increase taxes to equal what is spent, I think that is called a balanced budget, the percentage of Americans concerned would increase proportionally to the pain of paying for what is spent. IMO
We are deliberately fed misinformation and the FACTS are truly shocking.
Gerring the propaganda minister for Hitler turned it into a science. Actually he gets credit for saying what people already knew. You say the same thing over and over again. OK YOU SCREAM IT and the people will join in to your chant and believe it is true. Hell they will go to war or they will at least post divisive threads. Obama like any DICTATOR made us fight among ourselves so frankly we would not see the real cause, NOT THE SOLUTION, to our problem is not your neighbor but OUR government.

We have been FED that China is our largest creditor. The TRUTH is we owe slightly more to Japan then to China.
More shocking is the fact that together Japan and China hold less than 20% of the national debt. Social Security holds 42% of the national debt. Talk about the deal our government made FOR US, without asking. On this debt there is no set interest rate or payback period. The debtor, THE FED, controls the interest rate they will pay.
If, this sounds crazy-IT IS.

We had no choice but to pay into social security. Truth be told, since i was self employed I paid 13% of my income to social security for 45 years. The fact is I could have bought the same coverage for far less as private insurance. Like most other taxes, social security is a progressive tax-the more you earn the more you pay and the return for each dollar you pay is less than for people who earn less. In my opinion the reason people earn less is simply the lack of DRIVE to work hard and to work long hours.

Social security. like everything else the government get involved in is under funded-we are told. Till you see that the government took our money, MY MONEY, and put it into the general fund-that was not part of the social security plan.

It was not just the democrats but the republicans also BOUGHT VOTES using social security without funding the new EXPENSE. Bush added prescription coverage without funding it. OBAMA blew the system up by funding OBAMACARE using Social Security money. We see that the system is bankrupt.

BE SURE YOU ALSO ASK-WHY AND HOW?????
  #18  
Old 03-22-2017, 10:00 AM
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Default Except for history

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Originally Posted by Guest
I share your concern about the national debt but it continues to go up with absolutely no pain or downside. That is why very few are concerned or worried about it. If we had to increase taxes to equal what is spent, I think that is called a balanced budget, the percentage of Americans concerned would increase proportionally to the pain of paying for what is spent. IMO
Fiat currency, simply printing money is nothing new.

We are all aware of the German hyper inflation preceding WWII. If, you are not aware, Germany was not the only government simply printing money thay led to currency collapse; it was bad in Italy, Spain among others.

We are doing exactly the same thing. We have a fancy term for it so we want to believe. What is quantitative easing? In plainspeak our government is PRINTING worthless money to pay ITS BILLS.

Read these posts or any like them. Our dollar is based on the full faith and credit of the united states. Republican, democrat, independent, socialist,white, black, brown, blue or green FAITH IN OUR GOVERNMENT HAS CERTAINLY LOST VALUE.

Back to simple economics. The result of the national debt is INFLATION-a loss of value for our currency and perhaps more important certainly as important is the fact that we now need to worry about what our creditors will due. China has threatened to dispose of the Treasuries they now hold. It is true it would cost china because it the dollar collapses they would loose value on all the dollars they hold. For the US, it would economically destroy us.

Our FED says the want 2% inflation rate. HAS ANYONE BUT ME ASKED WHY??????? At 2% inflation your dollar looses HALF IT'S VALUE in 36 years. Inflation STEALS from savings and rewards debt.
  #19  
Old 03-22-2017, 10:51 AM
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Fiat currency, simply printing money is nothing new.

We are all aware of the German hyper inflation preceding WWII. If, you are not aware, Germany was not the only government simply printing money thay led to currency collapse; it was bad in Italy, Spain among others.

We are doing exactly the same thing. We have a fancy term for it so we want to believe. What is quantitative easing? In plainspeak our government is PRINTING worthless money to pay ITS BILLS.

Read these posts or any like them. Our dollar is based on the full faith and credit of the united states. Republican, democrat, independent, socialist,white, black, brown, blue or green FAITH IN OUR GOVERNMENT HAS CERTAINLY LOST VALUE.

Back to simple economics. The result of the national debt is INFLATION-a loss of value for our currency and perhaps more important certainly as important is the fact that we now need to worry about what our creditors will due. China has threatened to dispose of the Treasuries they now hold. It is true it would cost china because it the dollar collapses they would loose value on all the dollars they hold. For the US, it would economically destroy us.

Our FED says the want 2% inflation rate. HAS ANYONE BUT ME ASKED WHY??????? At 2% inflation your dollar looses HALF IT'S VALUE in 36 years. Inflation STEALS from savings and rewards debt.
That's how they get paid...the "interest" from loaning us the "air" that they call "money". The "interest" must be created. That's the inflation. When interest rates are high...inflation is high...when interest rates are low...inflation s low. They work hand in hand.

Don't get too caught up in the how and why because it's all just a hugely complicated system of owning everything. The bank lens you "credit" it got from the Fed...you pay it back with interest derived from your labor...if you don't make your "payments" for the credit you borrowed...the bank takes your property. The bank NEVER had ANYTHING directly on the line except "credit" it got from the Federal Reserve banks.

It's ALL a big ponzi with the already wealthy skimming from everything.

They LET the public "own" their corporations, through stocks, thereby letting the public take the risk...and they, as board members/CEOs, get richer and richer taking the profits. They get what the company makes...you get some artificial "value" based on how profitable and therefore how much the real owners made. Better...more honest companies pay a dividend...giving the shareholders...the bag holders...a little something for their trouble....while the REAL owners make millions.

The top compensated 25 CEOs all make over $25 million a year.

"Million-dollar pay packages for board members are “very, very troubling,” said Charles M. Elson, director of the John L. Weinberg Center for Corporate Governance at the University of Delaware. “It’s tough to justify.”

Directors play a pivotal role in corporate America, with responsibility for overseeing management, hiring and firing CEOs, ratifying key decisions, and helping set long-term strategy."

The wealthy are directors on multiple companies getting a cut from each.

The public are such fooled rubes.
 

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