 |
Grandluxe
Registered: Aug 2006
Posts: 2459 |
09-10-12 12:44 AM
Look, Obama is going to win. Unless they find out that he is jerking off his pet chihuahua in the middle at the night at the white house.
The better topic should be: Given Obama's 2nd term, How can we safeguard our income and wealth? what are our options?
|
| |
|
Edit/Delete • Quote • Complain |
piezoe
Registered: Jan 2006
Posts: 4934 |
09-10-12 01:58 AM
Quote from Grandluxe:
Look, Obama is going to win. Unless they find out that he is jerking off his pet chihuahua in the middle at the night at the white house.
The better topic should be: Given Obama's 2nd term, How can we safeguard our income and wealth? what are our options?
The best safeguard may be a stronger economy. Do what is necessary to support that. A rising tide lifts all ships.
|
| |
|
Edit/Delete • Quote • Complain |
logic_man
Registered: Oct 2010
Posts: 1489 |
09-10-12 02:17 AM
Quote from Grandluxe:
Look, Obama is going to win. Unless they find out that he is jerking off his pet chihuahua in the middle at the night at the white house.
The better topic should be: Given Obama's 2nd term, How can we safeguard our income and wealth? what are our options?
They're more likely to find him eating a chihuahua.
The best option, from a political perspective, will be divided government. Of course, Obama's fondness for executive orders will enable him to enact more of his agenda than divided government would allow via the regular legislative processes.
|
| |
|
Edit/Delete • Quote • Complain |
MKTrader
Registered: Dec 2005
Posts: 2215 |
09-10-12 04:07 AM
Quote from piezoe:
I do know that the chief Architects of today's rather tenesmal situation were, in no particular order, Reagan, Greenspan, Gramm, Leach, and Bliley, Cheney, Kissinger, and Bush II, Johnson, Cox, and possibly Nixon -- All Republicans except one... There is a 3 trillion surplus there now, and if congress will go ahead and act on the Trustees request, the time when redemptions become necessary can be put off a few more years. That would be a huge help right now.
Obamney care should be fully implemented as rapidly as practicable -- we are not going back, so what is the point in dragging ones heels? Further cost reduction pressure must be applied. and use the savings to double the budget of the National Endowment for the Arts!
[.
Sorry, but this is sophistry, plain and simple.
The two presidents known mostly by their initials (FDR and LBJ) did far more damage than anyone on your list. Both are responsible for a huge class of people who think "free" food, housing, medical care, etc. are inalienable rights.
In addition, the Supreme Court in FDR's day wreaked havoc on our constitutional republic. The ever-prescient Mencken wrote about it back in the day and would be spinning in his grave if he knew how much worse it is now:
http://www.lewrockwell.com/orig/mencken1.html
So where are the assets hiding in the SS Trust Fund? Or is it all a fiction? If there were any, why did Obama talk about seniors missing their checks a year ago? Either the SS is lying or Obama was. And yes, until we can phase SS out, the full retirement age should be raised. Moreover, "disability" benefits should be scrutinized much more carefully.
Obamacare won't "save" anything. On the balance, it will end up being a huge burden that will come in way over cost. When Medicare passed 1965, the projected cost for 1992 was $3 billion ($12 billion in inflation-adjusted dollars). The actual cost in 1992? $110 billion — only off by a factor of nine.
And the NEA doesn't need a dime from me. I didn't even get a liberal arts degree, but I know more about music, art, literature, etc. than the subsidized NEA clowns who think GLBF film festivals and putting things in bodily fluids = high culture.
The military needs a lot of cuts and downsizing as well--that I can agree with.
|
| |
|
Edit/Delete • Quote • Complain |
piezoe
Registered: Jan 2006
Posts: 4934 |
09-10-12 06:21 AM
Quote from MKTrader:
Sorry, but this is sophistry, plain and simple.
The two presidents known mostly by their initials (FDR and LBJ) did far more damage than anyone on your list. Both are responsible for a huge class of people who think "free" food, housing, medical care, etc. are inalienable rights.
In addition, the Supreme Court in FDR's day wreaked havoc on our constitutional republic. The ever-prescient Mencken wrote about it back in the day and would be spinning in his grave if he knew how much worse it is now:
http://www.lewrockwell.com/orig/mencken1.html
So where are the assets hiding in the SS Trust Fund? Or is it all a fiction? If there were any, why did Obama talk about seniors missing their checks a year ago? Either the SS is lying or Obama was. And yes, until we can phase SS out, the full retirement age should be raised. Moreover, "disability" benefits should be scrutinized much more carefully.
Obamacare won't "save" anything. On the balance, it will end up being a huge burden that will come in way over cost. When Medicare passed 1965, the projected cost for 1992 was $3 billion ($12 billion in inflation-adjusted dollars). The actual cost in 1992? $110 billion — only off by a factor of nine.
And the NEA doesn't need a dime from me. I didn't even get a liberal arts degree, but I know more about music, art, literature, etc. than the subsidized NEA clowns who think GLBF film festivals and putting things in bodily fluids = high culture.
The military needs a lot of cuts and downsizing as well--that I can agree with.
Well at least LBJ is on my list. I put him there because of the eventual effect of his "Great Society" on education. The result was bad in my opinion, but I think his intentions were honorable. And I have no choice but to agree that the advent of medicare did result in higher medical costs. And the cost increase was a direct result of medicare. But that is another topic for another day.
I hope you'll reconsider the value of the NEA to society. Art is in the eye and ear of the beholder. Art is all around us, or should be. We may not appreciate it until it's gone.
It seems the jury on Obamney care is still out. We don't really have it yet. Stay tuned.
The S.S. disability fund is separate from the retirement benefits, and disability is in some trouble. The old age benefit part is in fairly good shape, but Congress must approve adjustments in the contribution rate to adjust for changing demographics. You can get the details on the Social Security Administration's Web site. The Trustee's report is also available. There is an unbelievable amount of misinformation on social security. I attribute that to Wall Street.
I am a big fan of Mencken.
|
| |
|
Edit/Delete • Quote • Complain |
| Receive
an email whenever a new post is added to this thread by subscribing
to it. |
|
|
|
|
