reply to post by reluctantpawn
Why should I trust the government with more of my money? The have robbed social security blind. This was to be set up as a trust for the people,
instead it was robbed by congress to cover pork legislation.
1) Trust it because it is YOUR government. It protects you. It serves you. It has never let you down. 2) No one has robbed social security blind or
sighted. When the Trust Fund money is spent, an IOU is put back and it pays interest. 3) Pork legislation is the only way 435 independently elected
representatives and 100 senators can do things for you/their district or state.
Earmarks do need to be “regularized” and should always be 100% transparent, but as long as we have elected representatives and senators there will
be earmarks. Think of the alternative. Your congressperson would have to go to the president to have your item included in HIS budget. Your
congressperson would “work” more for the president than he or she works for you!
It has caused the failure of our financial system. First by the Federal Reserve Act, that gave power to mint money from nothing and loan it back to
the government, causing trillion dollar debt.
The Government did not cause the current financial crisis. The fact is the Dems created the financial regulatory system beginning in 1933 under the
New Deal. Republicans HATE the New Deal. Beginning with Ronald Reagan in 1981, the regulatory system that got us from 1933 to 1981 was dismantled.
In all that time - 1933 to 1981 - NOT ONE PENNY was ever lost on an owner occupied insured home mortgage. Under Pres. Reagan, the first Neo Con
president and the 2 Bushes after him plus the Newt Gingrich Congress for six of Clinton’s 8 years, the Republicans have had it their way. All the
Now we as taxpayers are going to have to pay to put it back like it was before the Great Communicator said “Government is the problem not the
solution. Let’s get government OFF your back!” Do you remember that? Google it if you don’t.
The Federal Reserve is the perfect match between government and private enterprise. By the end of the Civil War - 1865 - there were over 300 banks
around the country printing money. One bank panic - when you lose your deposits - followed after another bank panic. Note: Before FDIC was created in
1933, when the bank lost, you lost! The country had to have a CENTRAL BANKING SYSTEM. Created by necessity in 1913, the Fed has served us very well
since then. If we did not have the Fed, we’d have to create a Fed today.
The “perfect match” is this: private banks “own” the Fed system, but the Board of Governors and its Chairman are appointed by the president
and approved by the Senate. We run it, they own it.
There are 2 kinds of Federal debt. The United States incurs debt when we borrow from the Trust Funds - called PRIVATE debt. The other form of debt -
called PUBLIC debt - is created or incurred when we borrow by selling Treasury bonds, bills and notes to make up the shortfall in revenue compared to
our spending. Because the US has a credit rating next best to GOD you and I have never lived in a time when we could not borrow all we wanted or
I fear we may be getting close to THAT time right now BECAUSE under the Republicans NO ONE WANTS TO PAY TAXES. Republicans claim every problem the
country faces can be solved by CUTTING TAXES. I suppose if we cut out taxes all together we'd have the PERFECT country? How dumb can we be? It costs
money to run a country. Sweet Jesus!
Second by forcing the mortgage lenders to loan money to unqualified buyers through affirmative lending policies. While all should be seen as equal
under the law if you don't qualify, you don't qualify.
No one was FORCED to take out a mortgage. The trouble is what I alluded to above. But by REMOVING REGULATIONS that had prevented selling houses to
people who could not afford to pay for it, we created the problem.
For longer than 2 generations people all over the world grew up knowing that was true. Who would not want to buy a “bundle” that included 100s and
maybe 1000s of American home mortgages? But 99% of them did not know Reagan and the 2 Bushes had wrecked the system. Now they know. And we get to make
good on it. Something is wrong here?
Some wiseacres - your Michael Milken types - realized that with a PERFECT payoff record from 1933 to 1981, Americans and investors around the world
regarded the owner occupied insured home mortgage as good as US Treasury paper. And it was. Before 1981.
Aside: Believe me all that money that is now “LOST” went somewhere, It did not go to the Moon. Some smart cookies have OUR trillions of dollars.
The crooks outsmarted us. I hope the FBI tracks down that money they stole from us.
If you cut out a lot of the programs that may be worthwhile, but not necessary for the continuity of governance, we could save billions.
If you will look on the back of the 1040 Instruction Book, you will see a pie chart showing where the money comes from and where it goes.
Entitlements get the largest block of the money. About half. Social Security and Medicare are the two largest in the Entitlement
both cases, the SS and Medicare Trust Funds are still in the BLACK. I mean the Government still takes in MORE than it pays out. And NONE of the
national debt is attributable to social security or Medicare. The debt is mostly due to the WAR budget.
It is in the Discretionary
part of the budget where debt is incurred. The DoD - Department of Defense - has the largest amount. Around $700 b.
this year. The Debt Service or interest is No. 2, at around $350 b.
All the rest of government runs about $200 b. Contrary to popular notions about cutting programs NOT necessary for the continuance of government, all
those other departments together do not amount of a “Hill of Beans” as my rural background father used to say about small things.
Homeland Security. Health. Education. Agriculture. National Parks. Science. Housing. NASA. Highways. Airports. Prisons. Bureaucrats. And Etc. If all
were gone we would still add 90% to our debt. The only place we can SAVE large sums is in the Defense budget but Americans LOVE war too much to cut
What we need is strong leadership from the front. And of course my favorite issue is tort reform.
In 1993 Bill Clinton and 100% of the Dems in Congress put into effect his tax rates which ended by 1999 with a balanced budget and a surplus. Every
GOP in Congress voted NO to the 1993 tax bill. The surplus was promptly given away by Bush43 in 2001 and we have incurred large DEBT every year since.
There is no possibility that McCain if elected would propose a TAX INCREASE. Obama cannot say that out loud because American voters will not VOTE YES
on more taxes. We are indeed a funny people. We want everything but we do not want to pay anything.
On TORT reform, the Republicans have worked hard to KILL tort law. They work for industry in the product liability field, for doctors and hospitals in
the medical malpractice field, and if the Republicans had their way there would be NO class action suits that got money for lung cancer and asbestos
poisoning for 2 examples. TORT Reform is GOP CODE WORDS meaning to KILL tort law.
Q. Who do you think brought on product RECALLS? A. The ATLA.
The Native Americans learned a long time ago to not trust the government. I would have thought the African Americans would have learned the same
lesson by now. The people simply cannot allow the government to run their lives.
You have been hoodwinked 100%!
You should know by now the GOP HATE the poor and LOVE the R&Fs. Rich and famous.
[edit on 10/21/2008 by donwhite]