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Originally posted by DAVID64
And that it juuust the way Obumer wants it. He wants people to be afraid not to vote for him, because someone else may take away their free ride. They may have to, GASP!!, get a job and actually work for a living.
I understand needing a helping hand, but I detest generations of welfare families because it's easier to get welfare than work.
Exon mobile made 16 billion in profit last year, they paid zero in taxes and got several hundred million in a return.
Originally posted by Destinyone
Originally posted by DAVID64
And that it juuust the way Obumer wants it. He wants people to be afraid not to vote for him, because someone else may take away their free ride. They may have to, GASP!!, get a job and actually work for a living.
I understand needing a helping hand, but I detest generations of welfare families because it's easier to get welfare than work.
I have my own little company. One of the places I sell is at a local Farmer's Mkt. My products would fall into the category of luxury personal items. Last week, I had a person try to make a $50.00 purchase with a WIC card. I turned them down, said go buy food for your family, that's what it's for. They got mad at me...
Des
Five trillion dollars: that’s $16,000 per American; $64,000 for a family of four.
The final tally of the wars in Afghanistan, Iraq and Pakistan will reach at least $3.7 trillion, and could go as high as $4.4 trillion, according to a study done by Brown University’s Watson Institute for International Studies. Borrowing the money needed to fight the wars will cost an estimated additional $1 trillion through 2020, according to the study.
When I spoke to Harvard economist Linda Bilmes about the costs of 9/11, Bilmes stressed the far-reaching effects of 9/11 -- a chain of events leading to Iraq and Afghanistan, then boomeranging back in the form of rising oil prices, which led the Federal Reserve to lower interest rates. As Columbia University economist Joseph Stiglitz wrote in Slate last week, while the Fed's monetary policy between 2002 and 2005 helped mask the economic toll the wars were taking on the economy, it "[engineered] a housing bubble that led to a consumption boom." As we all know, that bubble burst by September 2008.
It may seem far-fetched to count the country's response to 9/11 among the causes of the financial crisis, but let's start from the beginning. When the planes hit the Twin Towers, interest rates were at an already low 3.5 percent. A few weeks later, the Fed cut them to 2.5, saying that "the terrorist attacks have significantly heightened uncertainty in an economy that was already weak." By the end of 2001, interest rates were less than 2 percent, fell further through 2003, and stayed low as the Fed tried to buoy consumer demand after oil prices shot up, largely in response to the wars in Afghanistan and Iraq.
The Financial Crisis Inquiry Commissions (FCIC), the bipartisan group asked by Congress to determine the causes of the crisis, wrote in its final report that in that during this time, "money washed through the economy like water rushing through a broken dam. Low interest rates ... helped fuel the boom."
One of the consequences of money flowing through the economy, combined with low-interest rates, was that banks were able to entice homebuyers with adjustable-rate mortgages that had low interest rates in the short term. But the Fed couldn't -- and didn't -- keep rates down forever. When they shot up starting in 2005, mortgage payments followed. Then the defaults began, and soon banks' balance sheets were wiped out. After September 2008, the economy lost $648 billion to slower economic growth; the Troubled Assets Relief Program (TARP) cost taxpayers $230 billion; declining home-values cost homeowners $3.4 trillion; and the stock market lost $7.4 trillion in value.
Originally posted by Destinyone
reply to post by xuenchen
Where does government propose to get the money to keep paying these people, and the ones to follow, when the top 1% of tax payers, are chased out of this country. Chased out just like business to other countries, by piled-on regulations by government agencies, such as the EPA. And ever greedy Unions. Every day sees new regulatory commissions put into effect like a vice grip, squeezing more money out of businesses, through fines, and new taxes.
How are all those people, going to be paid all that money, when the money makers and tax payers are gone.
Pathetic I tell you....absolutely pathetic.
Des
from a material point of view its better to be a black in the era of slavery.
If there is no struggle, there is no progress. Those who profess to favor freedom, and yet depreciate agitation, are men who want crops without plowing up the ground. They want rain without thunder and lightning. They want the ocean without the awful roar of its many waters. This struggle may be a moral one; or it may be a physical one; or it may be both moral and physical; but it must be a struggle.
Originally posted by xuenchen
It looks like around 107 million people are receiving some form of Federal welfare !!
AND, that don't include Social Security or Medicare !!
1/3 of the U.S. population !!
(The figures include citizens and non-citizens)
Is this what YOU Really want for this country ??
It looks like Obama and the Democrats do....
The Weekly Standard -- Aug 8, 2012
A new chart set to be released later today by the Republican side of the Senate Budget Committee details a startling statistic: "Over 100 Million People in U.S. Now Receiving Some Form Of Federal Welfare."
"The federal government administers nearly 80 different overlapping federal means-tested welfare programs," the Senate Budget Committee notes. However, the committee states, the figures used in the chart do not include those who are only benefiting from Social Security and/or Medicare.
Food stamps and Medicaid make up a large--and growing--chunk of the more than 100 million recipients. "Among the major means tested welfare programs, since 2000 Medicaid has increased from 34 million people to 54 million in 2011 and the Supplemental Nutrition Assistance Program (SNAP, or food stamps) from 17 million to 45 million in 2011," says the Senate Budget Committee. "Spending on food stamps alone is projected to reach $800 billion over the next decade."
(source article)
What Now?
How can we keep up the payments on this ??
Originally posted by beezzer
Okay. I'll be "that guy".
Austerity now.
Before it's too late.
Originally posted by Destinyone
Originally posted by beezzer
Okay. I'll be "that guy".
Austerity now.
Before it's too late.
Beeze...only if it starts at the top...and how do we make that happen. Try and force a financial diet on this voracious bloated government that only sees us, the taxpayers, as an endless buffet table.
We are close approaching the time, where all will be fighting for the meager scraps left...
Des
Sounds good sir.
Originally posted by beezzer
The reliance on government has to start somewhere. It won't work, starting at the top. It has to come from the individual. Get rid of this "group think" scocialist crap. Individuals are going to have to become that; individuals.
No more reliance on government. Period.