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US Socialist/Medicare Programs: $3 Trillion Annual Loss By 2013

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posted on Jun, 9 2010 @ 02:03 PM
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HI.

As I have pointed out in several posts, the US is currently totally insolvent.

It is bankrupt.

The Federal Reserve will begin massive money printing operations shortly.

The dollar will be destroyed shortly.

You will not get your Socialist Security money.

You will not get your Medicare care.

You will not get to keep your house.

You will not get to keep your crumby 401Ks.

You will be impoverished debt slaves severing a totalitarian government that will put a boot in your face should you decide not to pay the criminal bankers with your tax dollars.

The government has destroyed everything and has taken all your freedoms.


And you love it.


Zero Hedge reports:


There are some who will take up hundreds of pages to explain something as simple as the complete bankruptcy of the US entitlement program. Others, like Morgan Stanley in this case, present it succinctly- why write and write and write when a one page income (well, loss technically) statement will suffice? In a presentation, oddly focusing on Internet Trends, the MS team puts up an appendix page that probably should make the inbox of every politician in America. In a nutshell, when analyzing the math of entitlement spending, even as revenues flatline (at best), and decline (realistically), the expenses are quite literally growing geometrically. At this rate of deterioration, the Loss on the entitlement P&L will be at ($3 trillion) a year by 2013. For those who don’t buy this estimate, here is a refresh: it was +$128 billion in 2001, (318) billion in 2005, and ($1,413) billion in 2009.


Hey, but why stop there.

Zero Hedge has also provided us with a realistic analysis of our debt to GDP in that time frame as well:


One of the events that received absolutely no mention last week was the sneakily announced Treasury annual report on public debt this past Friday, alongside the horrendous NFP report. Luckily, courtesy of Congressman Dave Kamp, we have managed to obtain this report which shows the unprecedented level of delusion that exists at all levels of our administration. In a nutshell, the attached report pretends to forecast US debt and GDP levels. What it doesn't pretend to do, is to be the work product of a variety of pathological liars. Even as Geithner anticipates US total debt to hit $19.6 trillion by the end of 2015, somehow, in some parallel universe, he also anticipates US GDP will rise at a 5% CAGR for the next five years! Total US GDP, which was at $14.2 trillion for 2009, is expected to ramp up by 2.7% in 2010, and then really put on the afterburners in 2011 through 2015, averaging almost 6% each year, and hitting a stunning $19.2 trillion in 2015. The ridiculousness of this assumption is beyond comprehension. And even so, total debt/GDP will still be over 100% per the government's baseline assumptions. Alternatively, if one assumes, as PIMCO does, a GDP growth rate of 1.5% for the next 4-5 years courtesy of the 10% unemployment "new normal", total debt-GDP will hit 126% in 5 years. And this obviously excludes GSE, SSN and Medicare off balance sheet debt. Lastly, the Treasury assumes that even with 100% Debt to GDP, the funding cost on US market debt in 2015 will be only 4.7%, compared to the 1990-2009 average of 5.9%.


The government has lied to you.

The government has kept you stupid and socialist with its public education programs.

The government has stolen your retirement and squandered it on wars and bureaucrats.

The government has stolen your medical savings into old age and wasted it on needless regulatory bodies and warfare.

The government has looted the equity of your home and handed it to bankers.

The government has taken everything from you and has given you nothing in return except stupidity and enslavement.

Have a nice life as debt slaves.




[edit on 9-6-2010 by mnemeth1]




posted on Jun, 9 2010 @ 02:42 PM
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America isn't Socialist, please learn that. Socialism isn't also always a bad thing either. Do your research on what socialism is, and also do research on Corporatism. America's government and the corporations work for each other. Big corps are entangled with the government, both pulling each others strings. Socialism is pulling the strings of certain corporations to make a better society. Communism is pulling the strings of everyone to make a Utopia where everyone is equal.

Socialism is giving everybody what they need, and making them work for the extras. Ex: If you want that PS3, you have to work for it, but you get the same health-care as that guy down the street. You also get libraries, schools, etc. America has a few Socialist concepts in it, but it is by no means Socialist. An example for Socialism is some countries in Europe.

Communism is giving everyone everything the same. You get that health-care, and that PS3, if you work for society. The problem is that it is flawed, and people will realize they can get out of working, etc. I can find no working examples of Communism.


Sorry to go on like this, but I thought I would clarify some stuff. I may be wrong in some of my info.



posted on Jun, 9 2010 @ 03:09 PM
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reply to post by Phlynx
 


Socialism is government ownership and allocation of resources.

In this case, it is government ownership of retirement accounts and medical savings accounts.

en.wikipedia.org...


Socialism is an economic and political theory based on public ownership or common ownership and cooperative management of the means of production and allocation of resources.[1][2][3]


The Medicare and Social Security programs are by definition, socialist.

They are also completely bankrupt.

Hence, you aren't going to get them.

The money owed to you has already been wasted. If you do get paid, it will be a small amount in worthless dollars because the government will simply print the money it needs to pay you.

Frankly I find it remarkable that you would come into this thread and try and defend a system that has robbed you of your retirement/medical savings.

It is a testament to how effective the brainwashing in our public schools is.




[edit on 9-6-2010 by mnemeth1]



posted on Jun, 9 2010 @ 03:19 PM
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Originally posted by mnemeth1

The dollar will be destroyed shortly.

You will not get to keep your house.



If the dollar value collapses and you get massive inflation the money you owe on your mortgage will be lower in real terms, how will you lose your house?

If you have some sort of freaky hyper inflation your $100,000 debt might become a months wages, If you're on the breadline, as most people seem to be, that seems like it might be hugely beneficial.

Pretty much all of us normal people owe so much more than we've saved, so screw it, don't you think? Hyper inflation would probably be a net gain.

[edit on 9/6/10 by pieman]



posted on Jun, 9 2010 @ 03:20 PM
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Originally posted by pieman

Originally posted by mnemeth1

The dollar will be destroyed shortly.

You will not get to keep your house.



If the dollar value collapses and you get massive inflation the money you owe on your mortgage will be lower in real terms, how will you lose your house?

If you have some sort of freaky hyper inflation your $100,000 debt might become a months wages, If you're on the breadline, as most people seem to be, that seems like it might be hugely beneficial.

We're constantly told that are we owe so much more than we've saved, so screw it, don't you think?


Because when food costs 10,000 for a loaf of bread, you're going to have to sell your house to put food in your mouth.

Hyper-inflation is economic destruction. Just ask Zimbabwe.



[edit on 9-6-2010 by mnemeth1]



posted on Jun, 9 2010 @ 03:24 PM
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Originally posted by mnemeth1
Because when food costs 10,000 for a loaf of bread, you're going to have to sell your house to put food in your mouth.


Or learn to bake!! In real terms, a loaf of bread will cost 1/8 of a day's work. The US lives beyond it's means, you can't do that forever, but the average person won't lose their house, that just doesn't happen.

Economies have collapsed before, there's a drop in the standard of living but you get by.



posted on Jun, 9 2010 @ 03:31 PM
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Originally posted by pieman

Originally posted by mnemeth1
Because when food costs 10,000 for a loaf of bread, you're going to have to sell your house to put food in your mouth.


Or learn to bake!! In real terms, a loaf of bread will cost 1/8 of a day's work. The US lives beyond it's means, you can't do that forever, but the average person won't lose their house, that just doesn't happen.

Economies have collapsed before, there's a drop in the standard of living but you get by.


I don't want to "get by" on handouts and rationed goods.

I want to live in a free country with a sound currency.

I want the government dismantled.

I want the bankers arrested.

I want my freedoms back.




[edit on 9-6-2010 by mnemeth1]



posted on Jun, 9 2010 @ 03:53 PM
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reply to post by mnemeth1
 


I'm not talking about handouts, I'm talking about your work being properly valued, food for one person being approx 1/8 of a days pay.

The reason things are collapsing is that the US (the people, not the government) has been "getting by on handouts" from china ,in the form of low interest rates, for the past 10 years or so.

Welcome to the reality check.



posted on Jun, 9 2010 @ 04:05 PM
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Health programs are NOT socialism.


In a socialist society the means of production [1] are owned by the workers rather than by a rich minority of capitalists or functionaries. Such a system of ownership is both collective and individual in nature.

It is collective because society can control production unlike the economic anarchy of capitalism and because production is for the common good rather than for individual profit.

home.vicnet.net.au...


People who use the word "socialism" to describe anything that the Democrats are proposing with regards to health care either don't know what the word "socialism" means, or are cynically exploiting the former group's ignorance.

www.lemondrop.com...

Please quit calling it socialism.

[edit on 6/9/2010 by ANOK]



posted on Jun, 9 2010 @ 04:10 PM
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reply to post by ANOK
 


It is socialism.



posted on Jun, 9 2010 @ 04:24 PM
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reply to post by Phlynx
 


Socialism is unconstitutional. So is the form of corporatism that we have now, but trading one evil for another just isnt smart.



posted on Jun, 9 2010 @ 04:27 PM
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Originally posted by pieman

Originally posted by mnemeth1
Because when food costs 10,000 for a loaf of bread, you're going to have to sell your house to put food in your mouth.


Or learn to bake!! In real terms, a loaf of bread will cost 1/8 of a day's work. The US lives beyond it's means, you can't do that forever, but the average person won't lose their house, that just doesn't happen.

Economies have collapsed before, there's a drop in the standard of living but you get by.


Yeah, because flour, eggs, and all other ingredients for bread making falls out of the sky and costs nothing. Do you people ever actually use that ball of mush between your ears?



posted on Jun, 9 2010 @ 04:35 PM
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Originally posted by mnemeth1
reply to post by ANOK
 


It is socialism.


NO it isn't I just explained what socialism is. The term socialism has been used by your American media to condition you to fear anything that is a threat to the status quo, the present capitalist system.

You should really learn what socialism is, instead of just believing what your capitalist owned media is telling you. Don't you realise the media lies? Or do you selectively choose what to believe? Question everything, you should never make claims about stuff you haven't looked into yourself.

Socialism again is 'the workers ownership of the means of production'.
Social health care is a direct result of capitalism, in a socialist society it wouldn't be needed.
It's needed now because capitalists keep resources artificially scarce in order to keep prices high and profits high. Health care isn't expensive because doctors get paid a lot, it's because the pharmas have a monopoly and medications are extremely expensive, simply because they control the production and distribution and can charge what they want at our expense. They keep the resource artificially scarce to maintain profits at our expense.

Socialism has nothing to do with it at all, nothing, nada, it's all down to capitalism and private ownership of resources.

You should drop the anrcho-capitalism oxymoron and look into Libertarian Socialism which is the true traditional Anarchism.

flag.blackened.net...

[edit on 6/9/2010 by ANOK]



posted on Jun, 9 2010 @ 04:41 PM
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reply to post by ANOK
 


Calling a black cat white does not make the cat white.

I already explained why it is socialism.

Who owns the Social Security accounts and manges their resources?

Who owns the Medicare trust and manages its resources?

Government.

It is socialism, plain and simple.



[edit on 9-6-2010 by mnemeth1]



posted on Jun, 9 2010 @ 04:42 PM
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Originally posted by LiquidMirage
Yeah, because flour, eggs, and all other ingredients for bread making falls out of the sky and costs nothing. Do you people ever actually use that ball of mush between your ears?


But the reason those resources are so expensive, and keep getting more expensive, is because capitalists keep resources scarce (from underproduction to outright destroying what they can't sell) in order to maintain their profits.


Do you people ever actually use that ball of mush between your ears?


Do you?



posted on Jun, 9 2010 @ 04:47 PM
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reply to post by ANOK
 


Prices go up because the value of the dollar is going down.

The value of the dollar is going down because the government is issuing trillions of dollars in debt.

When the government issues debt, the money supply expands.

When the money supply expands, the value of the dollar goes down.

Debt = money in our fiat currency system.

The government has now issued so much debt that we are bankrupt and about to enter a period of hyperinflation where the government continues issuing debt to pay off the interest on the existing debt.

The government will also issue more debt to make good on the Socialist Security and Medicare promises it has made, which will further drive us into bankruptcy and devalue the currency.

This is called a debt spiral.

When it happens to consumers, they end up declaring bankruptcy.

When it happens to governments, they print money until the money becomes worthless. Then the country typically devolves into a tyrannical socialist police state with price controls, rationing, and starvation.





[edit on 9-6-2010 by mnemeth1]



posted on Jun, 9 2010 @ 04:55 PM
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Originally posted by mnemeth1
I already explained why it is socialism.


No you didn't you interpenetrated what socialism is.


Who is owns the Social Security accounts and manges their resources?

Who owns the Medicare trust and manages its resources?

Government.

It is socialism, plain and simple.


What has any of that to do with socialism, you didn't even bother to read what socialism actually is did you?

Socialism is not government, why do people always think that? You seem to have this thinking in America that socialism means government and capitalism means freedom, but that's such a load of bollox that only the media educated actually believes.

I said to look up Libertarian Socialism, that is socialism with no government, a system whereby the means of production is owned by the workers, coops/collectives, and not by private individuals who's only interest is themselves not society as a whole.

As an 'anarcho-capitalist' why do you use the traditional circled A of the social anarchists? You do know that real Anarchists laugh at you guys. Like everything else once owned by the non-capitalists (workers) it is has been stolen and turned into something that doesn't threaten the capitalists control on the world.

Go look at the history of socialism, anarchism, and the workers struggle in Europe where it all started, and you'll hopefully see your 'anarcho-capitalism, is an insult to real class struggle and an oxymoron that has nothing to do with what you're supporting.

You have stolen a symbol of class struggle and misrepresent it imo. The powers that be are the anarcho-capitalists, are you one of them?



posted on Jun, 9 2010 @ 05:02 PM
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First of all, in order for the US to collapse the entire global economy will collapse, as the dollar is backed by oil and we produce oil.

Second before SS and Medicare collapse it will be privatized already the propaganda to make people believe that the SS and Medicare are bankrupted started since the Bush administration and their pet project of privatization.

Is a big lie, wall street wants to get their dirty corrupted hands into Americas SS and Medicare



posted on Jun, 9 2010 @ 05:04 PM
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reply to post by ANOK
 


The powers that be are socialists.

They have nothing in common with anarcho-capitalists.

I think you are the one that needs to do some reading.

Anarcho-capitalists reject government intervention in the markets, they reject fiat currencies, they reject legal tender laws, and they demand systems of private property ownership and contract laws enforced by private systems of legal courts with no state legislation over the matter.

The globalists demand government intervention in the markets, government handouts, government bailouts, government contract, fiat currencies, regulation of competition, government restrictions of resources, property taxes, and all other manner of tyranny.

Public education = fail



posted on Jun, 9 2010 @ 05:06 PM
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Originally posted by marg6043
First of all, in order for the US to collapse the entire global economy will collapse, as the dollar is backed by oil and we produce oil.

Second before SS and Medicare collapse it will be privatized already the propaganda to make people believe that the SS and Medicare are bankrupted started since the Bush administration and their pet project of privatization.

Is a big lie, wall street wants to get their dirty corrupted hands into Americas SS and Medicare


Keep believing our oil backed currency is going to be worth something when the government manufactures tens of trillions of dollars in debt.

Keep on believing that.



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