. Part 1 of 2 September 28, 2008 SouthAmerica: In the 1930's FDR provided the United States with the "New Deal" - that built the foundations for a middle class system in the US economy. In 2008 the Democratic Party is providing the United States with the "Death Deal" - this was the last blow needed to destroy the middle class system in the United States. Under FDR a Democrat the US built the foundations for a middle class in the United States. In 2008 under a Democratic Party controlled Congress the entire social safety net has been dismantled and the last nail in the coffin of the middle class in the United States. The intelligent Democrats gave the American people the social safety nets and the incompetent Democrats of 2008 gave all the social safety nets away for nothing.... The United States was in trouble before the house of cards collapsed on Wall Street. Today Americans have 2 choices: 1) Bailout the gamblers in Wall Street to and help them with more chips for them to keep their casino game on to the tune of trillions of US dollars or 2) The government try to keep its declining resources to pay for the enclosed costs and keep some reserves for future emergencies such as extend unemployment benefits for people who run out of unemployment benefits and some other emergencies that might be coming our way in the near future. When you take in consideration all the liabilities that are coming due and the current economic position of the United States economy â it is a criminal action to approve the Wall Street bailout to the tune of trillions of US dollars. Only idiots would vote in favor of such a Wall Street bailout. If the Americans allows this Wall Street bailout to materialize then they deserve to pay the price for being so stupid â when you are brain dead people take advantage of you â and right now the only justification we have for the US government to approve such a massive Wall Street bailout today it is because Americans are completely Brain Dead. ******** October 4, 2006 SouthAmerica: Today, October 4, 2006 the cable television channel âCNBCâ on its program âPower Lunchâ they did broadcast a live speech by Ben S. Bernanke the Federal Reserve Board Chairman at the Economic Club of Washington. And on his remarks Ben Bernanke has raised the âred flagâ that I have been mentioning on this thread â the tidal wave of Baby Boomers that will need Social Security, Medicare, and Medicaid in the coming years. This âTsunamiâ (a very large tidal wave) is not something that is going to happen some day in the future. The âTsunamiâ is here and it is time to run for the hills. His speech was very good and âalmostâ to the point. Here is why: The real problem âis notâ with the Social Security fund, and Ben Bernanke knows that, and in my opinion the government should leave the Social Security fund alone. The real problem is with the âMedicare and Medicaidâ funding. Here is were we have no way of knowing how much the old folks are going to cost the federal government in the future. Here is where the major problem lies and we need to develop new solutions for the Medicare and Medicaid problem. Ben Bernanke told us on his remarks about the savings rate, about pensions, about deficits, about everything that he could think of â while he discussed anything and everything including cutting benefits in Social Security, Medicare and Medicaid â but he ignored and did not say a word and nobody wants to talk about it, including Mr. Bernanke, about âthe elephant standing in the room.â I understand why he canât talk about âthe elephant standing in the roomâ because of political reasons and that would be the last thing the Republican administration would expect from him as Fed Chairman. The truth is the Fed Chairman canât talk in public that the United States canât afford all this âdefense expendingâ and wage wars around the world with an incredible price tag attached to it at a time when there is a major crisis in the horizon that will require a ton of money in the US. IN A NUTHSHELL: The United States will require a ton of money to be able to take care of this âTsunamiâ of people aged 65 and older. And the United States canât afford to spend all this money to keep the war in Iraq and in Afghanistan going on forever. The worst part is that the United States is not using even its own money to fight the war on Iraq â the United States is using money borrowed from foreign countries at the tune of $ 3 billion US dollars per day. I wonder for how long the Chinese, the Japan and other foreigners will continue lending money to the United States for the United States to wage war against other countries? This is not money that is being invested for the future â this is money that is being wasted away very fast. For the American people the choice is very clear: Use the money to take care of its ageing population at home or âwaste the moneyâ in fighting an illusionary war that at the end â it will turn out just like Vietnam and I already can picture seeing on television the last helicopter leaving a rooftop in Iraq with the last American personal that fought in the Iraq War. .