It looks like you're using an Ad Blocker.

Please white-list or disable in your ad-blocking tool.

Thank you.


Some features of ATS will be disabled while you continue to use an ad-blocker.


Wall Street wants your Social Security and Medicare next

page: 1

log in


posted on May, 30 2010 @ 10:10 AM
As we have seen Wall street approach to the poor as per article linked is drive them deeper in the ground

This greedy people cause the financial crisisPeople lose their home, retirements, employment, savings and then with their corrupted influences in politics have the tax payer to bail them out.

Now they want our SS and Medicare accounts.

They are launching a propaganda with help of the government to tell the tax payer that SS and Medicare are unsustainable, the truth is that what is unsustainable is the greed and corruption that has take over Washington with he help of Wall Street

Wake up people and don't let this people influence you with lies.

While SS has been mugged over and over is far from been "depleted and unsustainable"

Social Security Will Fall To Obama Before The Taliban Does

Wall Street’s approach to the poor has always been to drive them deeper into the ground.

As there is no money to be made from the poor, Wall Street fleeces them by yanking away their entitlements. It has always been thus. During the Reagan administration, Wall Street decided to boost the values of its bond and stock portfolios by using Social Security revenues to lower budget deficits. Wall Street figured that lower deficits would mean lower interest rates and higher bond and stock prices.

Republicans have extraordinary animosity toward the poor. In an effort to talk retirees out of their support systems, Republicans frequently describe Social Security as a Ponzi scheme and "unsustainable." They ought to know. The phony trust fund, that they set up to hide the fact that Wall Street and the Pentagon are running off with Social Security revenues, is a Ponzi scheme. Social Security itself has been with us since the 1930s and has yet to wreck our lives and budget.

SS and Medicare are the next target of the government and Wall street.

After the latest crisis brought on by Wall Street’s dishonesty and greed, trusting Wall Street to manage anyone’s old age pension requires a leap of faith that no intelligent person can make.

Wall Street has got away with its raid on the public treasury. Now, pockets full, it wants to pay for the heist by curtailing Social Security and Medicare. Having deprived the working population of homes, jobs, and health care, Wall Street is now after the elderly’s old age security.

Watch out when Republicans comes back to take congress majority and probably an new President, their target will be SS if Obama fail Wall Street

[edit on 30-5-2010 by marg6043]

posted on May, 30 2010 @ 11:25 AM
Might as well I am 33 the likely hood of SS or Medicare being there when I get old enough is unlikely..At least Wall Street might have a chance of makin
that happen

posted on May, 30 2010 @ 11:47 AM
reply to post by The_Reaper_Angel
I'm over 50, and well....I'm wondering if there will be a US to decide weather or not I should get social security or medicare....

posted on May, 30 2010 @ 05:10 PM
reply to post by dawnstar

Actually back when Bush was going around the nation promoting the SS reform with is town hall meetings people didn't welcome the privatization proposed very well.

Later on it was told that China was the one to play the biggest role financing the venture, while Wall street will manage the funds, see is money to be make at the expenses of SS privatization and Medicare, as this two entitlement programs are on going for life as long as you work regardless of income.

Still is a big lie that we are running of either of them, the problem is the greedy hands that wants to get hold of this programs

[edit on 30-5-2010 by marg6043]

[edit on 30-5-2010 by marg6043]

posted on May, 30 2010 @ 05:14 PM
What is spent, is more than is taken in. How long could any person run a household on that premis?

It's going to be painful, but changes need to be made, sadly. People are going to have to have more taxes taken out, to support people entitled to benefits.

Just the way it is.

It won't be pretty.

posted on May, 30 2010 @ 05:19 PM
reply to post by Blanca Rose

Yes you are right, but our government dipping into SS and Medicare for decades doesn't help either.

If SS is been around since the 30s and still going strong that tells that is a big lie that is running out of funds.

Can we actually trust the people that brought us the economic crisis to manage SS security? after all they needed tax payer money to be bailed out after their greedy blunder

posted on Jun, 1 2010 @ 05:17 AM
reply to post by Blanca Rose

our pension funds are in the red, our social security is in the red, our ira's aren't doing too well....

in many ways, we are going through now what they went through during the great depression, the only difference is that we have state run programs that take some of the bite out of it! and ya know what, social security was set up because so many had lost everything during the depression and had nothing packed away for their golden years.

so okay, let's say we let social security go...
we'd still have alot of people entering retirement age, with not much of anything save up to live on....
what do you propose we do about that???
it's gonna cost money to feed and house them, weather it comes from social security or welfare, or their kid's pockets!!

heck, it would even cost a considerable amount of money to humanely "put them to sleep"!!

so, what do you propose to do??? what other options do you see???

posted on Jun, 1 2010 @ 08:18 AM
May be we should let the greedy bastards in Wall street run our welfare, yes . . . let privatized welfare and see how that works for the poor

The only reason we are now in the red when it comes to life long savings is because the ability of the wall street and government to dip into peoples accounts.

You know if you do that to your employees is call fraud and you go to jail, I don't see any rats in wall street and congress facing any jail time soon.

posted on Jun, 1 2010 @ 02:57 PM
reply to post by marg6043

that was bush's idea, and well....
if we had went for it, can't help but wonder, would all that money be down the drain (or should I say, pocketed by those great wall street gamblers) also??

they should refund all the money they've taken from all those who haven't retired yet and well....we'll probably take care it better then them anyways??

let's see how that one goes over...

heck the fools probably already spent the rest of my lifelong contributions for some stupid museum in some stupid little town no one has ever heard of!

posted on Jun, 1 2010 @ 03:03 PM
Let them have it! I say, give them all of the monopoly money they want and let them play casino games day and night. The rest of us, however, should revert back to the basics and tell these people to rot in hell!

There is no value other than human production and WE are EACH in control of OUR HUMAN CAPITAL. Refuse to offer it as collateral to these liars and thieves and they are flat out BROKE!!! The only reason their silly pieces of paper have value is because we are so willing to play along and pretend that it does. STOP!!! You'll be amazed at how quickly things turn around.

posted on Jun, 1 2010 @ 05:10 PM
reply to post by dawnstar

Yes it was, it was also a campaign that didn't go well with the seniors and people that were about to get their SS.

That was enough to stop Bush, but what I am worry about is the way that now government doesn't have to take the public into consideration to pass laws that are in their masters and benefactors views "good for the people" and their own greedy pockets.

posted on Jun, 1 2010 @ 05:11 PM
reply to post by kozmo

I am afraid that they will, as soon congress is taken over by the next party. We are going to see the full campaign to SS and Medicare privatization.

posted on Jun, 2 2010 @ 05:23 AM
reply to post by marg6043

If I remember right, they privatized part of welfare a decade or so ago...
imaybe I am wrong, but I don't think it made it any more efficient or saved us any money!! all it is is another way to siphon taxpayer money out of the gov't pool and into the buddies of the polywogs. no thanks....

I don't see why they keep going at welfare and social security anyways....
unless society is willing to accept that the elderly, the cripple, the drug addicts, the down on their lucks, not to mention many of those low wage earners, all standing outside with cups in hand begging, and all the other ugliness that poverty brings when not addressed, well, one way or the other, their needs are gonna have to be provided. and, I could also turn to the other side of that coin and say unless you want a bunch of empty apartments, a heck of alot less buying in the stores, less patients keeping all these medical professionals busy, way or the other, their needs are gonna have to be provided for!!

and quite frankly, as long as congress keeps giving these nice big bailouts to the "too big to fails" in the world, and spend money willy nilly on stupid projects that mean little or nothing to the majority of the people in the country, well, I'm really not gonna take their talk about social security or welfare too seriously either.... If I were to look at my household budget and foresaw an economic catastrophe coming at me, I would proceed to trim that budget down to the barebones! starting with the crap that no one in the family is really gonna miss much!!
the elderly would miss their social security!! the families on food stamps would miss that food....
far much more I bet than the "too big to fails" would have missed their super bonuses, or society would miss that nice little museum to honor something or someone no one has ever heard before!!

the problem isn't social security, the problem is sitting in washington, acting like they got a great money tree growing on the lawn of the treasury building that can be plucked at will, and provide them with a never ending supply of cash for every stupid idea that they might think up! privitizing these programs, the schools, ect. ect.....
is just another on of those stupid ideas!!
so wasn't the most recent healthcare bill.....
ain't gonna make much of anything much better, but well, expect to be taxed to hades to pay for it's implementation!

posted on Jun, 2 2010 @ 05:28 AM
I won't give those bastards a dime of my money.

My grandparents rely on SS and Medicare/Medicaid because my grandmother has serious health problems, it's bad enough that all dialisis patients will have to pay 20% of their bill next year even on Medicare now they want it privatized? F U!

That was the Republican wet dream all along. Start spending the SS fund on the military projects and watch the SS account go deeper and deeper into debt. Then once they spent up most of the funds and send it off the brink they will say it is unsustainable. THEY DID IT SO IT WILL BE DESTROYED.

Kucinich was right!!!!!!!

[edit on 6/2/10 by Misoir]

posted on Jun, 2 2010 @ 06:54 AM
reply to post by dawnstar

Privatization have one rason and one reason to exist, is about a group of investors way to make money. . .

But that money and profits comes at the expenses of somebody else.

See Wall street is a way for the wealthiest in the nations and elites to profit from everybody else, investments accounts, when they fail now they even get tax payer to pay for their mistakes, and they do make mistakes and blunders and they lose peoples money.

Wall street approach to the poor as per article linked is drive them deeper in the ground

So with all that has gone on with Wall street, the too big too fail, can we trust the elites to look for the welfare of the rest of the nations poor?

No in our wildest dream . . .

Unless the government will back 100% the privatization with the promise that tax payer dollars will bail them out in case of mismanagement like we did with the too big to fail that was nothing but a bailout to the wealthiest.

posted on Jun, 3 2010 @ 04:52 AM
reply to post by marg6043

unfortunately marge, the politicians are among the elite. can't trust the gov't to act in a honorable respectable, honest manner, can't trust the business sector to.....
heck, it's getting hard to find individuals that you can trust...

weather privatized or state sponsered, don't think it matters at this point. just like I don't think it matters weather we run on capitalism or socialism, or the hybred we have..
until there's some morality and integrity instilled in the people, whatever we come up with will be abused, misused, and will be eventually twisted to serve just a few lucky folks.

posted on Jun, 3 2010 @ 05:44 AM
Something is strange about this. We all understand, that money itself is worthless, but then, what good would it do Wall Street, and the banks to have it all? What will it gain them? I keep reading where some of the employees of these big banks and Wall Street firms make it known that they are shafting the people they do buisness with, and find it funny. Well, when the shafting is all said and done, and everyone is then broke, what then? Do they run and hide on another planet before the mobs come after them? Not that any of that will happen. You would think, that when people find out that they are being shafted like that, they would learn something from it. But no, it`s buisness as usual. People must either be brain dead, or they like being shafted, I`m not sure which yet. It`s like whenever the government comes up with yet another way of bilking the people out of more tax money, that the people can`t afford, they blindly follow orders and pay it, as though they don`t understand, that one day, they will have no money left to live on.

Edit to add: After thinking about it for a while, it could get interesting, maybe they will start shafting each other, to the point where they will do away with each other. Maybe, there is a method to this madness. We can go on living, while they go after each others worthless fortunes.

[edit on 3-6-2010 by FiatLux]

posted on Jun, 4 2010 @ 05:21 AM
reply to post by FiatLux

once they "have it all" they can play god, judge who deserves to live, or doesn't, judge who deserves to be rewarded beyond believe, who deserves to go without...
cheap loyal labor, willing to do anything it takes to ensure there is bread on the table!!!

posted on Jun, 4 2010 @ 06:43 AM
dawnstar, that is the goal of one world order, if you don't belong to the order as a nation you will not be allowed to commerce with other countries and you will take their loans and sell your infrastructures, give away your sovereignty or have your citizens starve to death.

That is what is going on in the world today, Greece already gave in.

If SS is privatized wall street will run the accounts and the money to financed will come from China that's what the plans were under the Bush administration.

new topics

top topics


log in