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originally posted by: abe froman
Do you also believe Jesus will answer your prayers if you "like" and "share" ?
He created the middle class in the same way that Gore "created" the internet and I wasn't aware that elderly poverty had ended.
Don't be so easily swayed by smoke and mirrors.
originally posted by: onequestion
a reply to: abe froman
Maybe your right...
I just finished researching the new deal... Apparently that's the first instance of quantative easing and the first major devaluation of our currency, and on what assets?
That's what I'm curious about.
originally posted by: spinalremain
a reply to: onequestion
Just remember one thing above all. One truth which cannot be denied.
Americans are not afraid of socialist programs. Americans love their armed forces and mail delivery and roads. American senior citizens live their SS.
What Americans are afraid of is just the word itself. The word immediately makes people think of the Iron Curtain and it's just a lack of education which created this scenario. That and Rocky IV
Here are the facts:
Social Security has a $2.8 trillion surplus. It can pay every benefit owed to every eligible American for the next 19 years (and more than three-quarters after that).
Social Security’s assets aren’t “just paper,” as conservatives sometimes put it. Social Security invests in U.S Treasury bonds, the safest interest-bearing securities in the world. These are the same bonds wealthy investors have purchased, along with China and other foreign countries. These bonds are backed by the full faith and credit of the U.S. government, which in our long history has never defaulted on its debt obligations.
Right now a billionaire pays the same amount of money into Social Security as someone who makes $118,500 a year. That’s because there is a cap on taxable income that goes into the Social Security system.
Still, there are still relatively few banks in many impoverished urban and rural neighborhoods, and Sen. Bernie Sanders (I-Vt.), a candidate for the Democratic presidential nomination, has a big idea for turning post offices back into banks. That's because he sees them as a place where the 68 million low-income Americans who currently rely on payday lenders and costly cash checking services could manage their affairs less expensively. (And banking might help the beleaguered Postal Service's bottom line as well.)
originally posted by: Eilasvaleleyn
a reply to: bigfatfurrytexan
Erm... Bernie's actually not that bad when it comes to the second. No worse than Obama, at least. Plus, with a Sanders presidency, we may finally see something done about the 4th.