| Author | Message | ||
     Mtjm2 |
Base line budgeting ? if what Im hearing is true , seems to be the problem . NOT the , TAXES | ||
| Mtjm2 |
Aesquire , I too would take condi Over the big O | ||
| Buellinmke |
$16,000,000,000,000.00 had been secretly given out to US banks and corporations and foreign banks everywhere from France to Scotland. From the period between December 2007 and June 2010, the Federal Reserve had secretly bailed out many of the world’s banks, corporations, and governments. The Federal Reserve likes to refer to these secret bailouts as an all-inclusive loan program, but virtually none of the money has been returned and it was loaned out at 0% interest. Why the Federal Reserve had never been public about this or even informed the United States Congress about the $16 trillion dollar bailout is obvious — the American public would have been outraged to find out that the Federal Reserve bailed out foreign banks while Americans were struggling to find jobs. | ||
| Buellerandy |
And it will continue so long as episodes of American Idol are running and the public is worried about who's dancing with the stars. | ||
| Blake |
Fed bailouts not repaid? Source please. | ||
| Hootowl |
Source, from his previous post: Source: http://www.gao.gov/products/GAO-11-696 FULL PDF on GAO server: http://www.gao.gov/new.items/d11696.pdf Senator Sander’s Article: http://sanders.senate.gov/newsroom/news/?id=9e2a4e a8-6e73-4be2-a753-62060dcbb3c3 I haven't read these. Just pointing you at them  | ||
| Court |
It's a shame . . . I turned the tube on last night and up came some idiot, with thousands watching, trying to blow a ping pong ball out of a plate. To see the source of some of the problem . . you don't need to do much more than flip a couple channels. | ||
| Whatever |
Court, you are just upset that they didn't pick you for Extreme Makeover... | ||
| Ft_bstrd |
It's why I don't have ANY live TV in the house. Believe it or not I can't even get Fox News. | ||
| Moxnix |
Why repay at 0%? | ||
| Crackhead |
There is separate line items for SS and medicare on my pay stub. Does those separate taxes go into the same pool as all of the other taxes? If they went into their own account, it would make sence to have the programs entirely separate from the normal budget. | ||
| Buellerandy |
I was under the impression they were supposed to be | ||
| Hootowl |
SS goes into the general fund. When it was enacted, the retirement age was 62, as was the average life expectancy. It was thought that there would never be a whole lot of people receiving benefits. There was no need to make a special fund for it. It is no longer a 'safety net' program for most people. It is seen as a retirement fund. Was never intended to be. | ||
| Whatever |
McCain calls tea party tactics "bizzaro"... http://www.washingtonpost.com/blogs/the-fix/post/m ccain-the-maverick-again/2011/07/28/gIQA7arLfI_blo g.html | ||
| Aeholton |
Proving once again that he is a RINO. | ||
| Whatever |
Oh... I like McCain myself... Tea Party wants NO government... it will be so great when we have them shut down the entire economy... NOT. And why is Sarah Palin so quiet ??? | ||
| Hootowl |
Tea party wants the government the Constitution defines, not the one we have today. They are not anarchists. They are constructionists. | ||
| Whatever |
The METHOD of holding the future of the American people hostage until they get what they want is what is at question... not the ideal... pointing out that a lot of the people involved have been in congress six months is a valid point I think. Unfortunately, it is the average American that is just scraping by that will lose. And, on a lighter note... http://www.theonion.com/articles/congress-continue s-debate-over-whether-or-not-nati,20977/ | ||
| Mtjm2 |
Tea Party wants NO government Im sure you voted for McCain/Palin You are much smarter than that statement . | ||
| Whatever |
The ironic thing is, this will turn into massive negative fallout for the Tea Party in the long run if they succeed in crashing the economy. I am also tired of seeing men in stockings in public as well...  | ||
| Whatever |
I would vote for McCain, but not Palin. Where did she go ? Usually can't get her to shut up . | ||
| Whatever |
I googled 'Palin Is Silent'... no results...  | ||
| Hootowl |
The economy has already cratered. 14 trillion is too much. 6 trillion was too much IMHO. STOP SPENDING US INTO THE POOR HOUSE. It isn't a difficult concept. Give me a red pen, I'll balance the budget. And if I don't get reelected, so what. Politicians have been giving away the farm for decades in order to get reelected. It's refreshing to see a group of citizen legislators who are focused on sane spending levels, and not their next term. | ||
| Mtjm2 |
char , do you have a crush on Sarah ? Figured you for the John Edwards type ?! That ends that ? . The Fed has about 17 Billion left each month after SS,MC,Millitary, ETC. SHOW ME WERE THE MONEY IS . Members of congress make 174,000.00 The members over 62 also draw SS. WHY ? | ||
| Reepicheep |
Saying the tea party is crashing the economy is like waking up in jail with a hangover, then saying it was the cops fault for keeping you from staying drunk. | ||
| Whatever |
The Tea Party is not questioning the 700 trillion spent on the Iraq war. I do not like Nader, but I think he is mostly right on the money with this one... (I do not agree on his stance on Afghanistan or covert ops against terrorist groups). Ralph Nader’s Solution to Debt Crisis: End Corporate Welfare and Corporate Tax Loopholes As negotiations continue on a debt deal, we ask longtime consumer advocate Ralph Nader for his solution. Nader says, “Now we have the situation with the deficit and the debt and spending and jobs. And it’s not that difficult to get out of it. The first thing you do is you get rid of corporate welfare. That’s hundreds of billions of dollars a year. The second is you tax corporations so that they don’t get away with no taxation. The Citizens for Tax Justice put out a report recently. They had 12 major corporations, like Honeywell, Verizon, General Electric, and in three years, they made $167 billion in profit, paid zero tax, and got $2.5 billion back from the Treasury.” AMY GOODMAN: Ralph, can you talk more about the economy right now? Talk about who’s protected, who isn’t, and that really goes right into this deficit debate that is going on in Washington right now, the debt lock. What is discussed? What isn’t? Who’s protected in this? What budgets are not questioned, and what’s being slashed, and where President Obama stands in all of this? RALPH NADER: Well, let’s segue from Elizabeth Warren, because the real issue in Elizabeth Warren is contract peonage. The American people, every day, engage in transactions, with these contract—fine-print contracts wrapped around their necks, strangling them. They have really destroyed the concept of freedom of contract in this country. Listen up, so called Tea Partiers, and get on board here. And this is what led to the mortgage debacle. There’s no time to explain it now, but the point is that corporations have taken over these contracts. They unilaterally change them. They block people from going to the court. They’re constantly penalizing—termination fees, this penalty, that penalty. It’s a total contract peonage. Contract serfs, that’s what they’ve turned the American people into. And they don’t even compete over these contracts. For example, if you don’t like Allstate, State Farm is the same, or if you don’t like Ford, GM contracts are the same. So people are trapped. And that is what is increasing the greed and the risk, in terms of deploying the insecurity that brought down the economy. Now we have the situation with the deficit and the debt and spending and jobs. And it’s not that difficult to get out of it. The first thing you do is you get rid of corporate welfare. That’s hundreds of billions of dollars a year. The second is you tax corporations so that they don’t get away with no taxation. The Citizens for Tax Justice put out a report recently. They had 12 major corporations, like Honeywell, Verizon, General Electric, and in three years, Amy, they made $167 billion—with a "B" —dollars in profit, paid zero tax, and got two-and-a-half billion dollars back from the Treasury. So you can see, if you return the tax rates and the effective tax payments back to the prosperous 1960 level, there would be hundreds of billions of dollars. You get out of Afghanistan, Pakistan, stop being engaged in these criminal wars of aggression, and get out of Iraq, you’ll save another $150 billion. So, there are a lot of ways. Cutting the huge amount of redundancy and waste and out-of-date weapons programs in the Pentagon, again, another one. Bringing back the soldiers from Europe and East Asia, 65 years after World War II. What are they doing? Defending prosperous countries, like England and Germany and Italy and Japan, against what? Inner Mongolia or Moldova? So, we know what the answers are. But we don’t have the power in Washington, because the liberal, progressive base appears to have no breaking point with the Democrats here in Washington. And that’s true for—that’s also true for the liberal intelligentsia. They have no—when you ask them, "Do you have any breaking point? How bad do these Democrats have to be, even though the Republicans are worse, for you to begin conditioning your vote, demanding more vigorous debates in the presidential primary, demanding more candidates, demanding rights for third parties, as the Center for Competitive Democracy has been pushing for? They have no breaking point. And if you have no breaking point, you have no moral compass, and people like Barack Obama know that you can be had. And indeed, they’ve been had. AMY GOODMAN: Ralph Nader, the debt ceiling—how significant this is, and what happens if it is not lifted? RALPH NADER: It will be lifted, because Wall Street has written a letter, with many corporate executives signing on and the Business Roundtable, and they’re basically telling the Republicans, "On this one, you’ve got to grow up." These Republican delinquents are rattling a catastrophic cage of international confidence in the dollar and U.S. credit. And, of course, Moody’s and Standard & Poor are rattling, it might downgrade the U.S. debt. Imagine, these crooked rating companies, who helped fake the valuations on Wall Street and bring down the economy, are now evaluating the U.S. government’s credit. But be that as it may, it’s almost 100 percent certain that very soon, whether in two, three, four days, they will agree, both Republican and Democrats, to raise the debt limit, probably without any conditions. I think the McConnell plan, however unconstitutional it is, shifting the decision entirely to the executive branch, when last I heard that that was a constitutional authority of the Congress, I think that’s probably going to be the fallback position. | ||
| Whatever |
I do not see how you can be pro-imperial expansion and pro-corporate welfare and anti-government at the same time... it does not compute in my sense. Guess when the 'debt ceiling' was invented in 1917... to go into World War I... interesting coincidence. Why do we insist on playing babysitter to the world when we can't get our own house in order? | ||
| Mtjm2 |
Why do we insist on playing babysitter to the world Why do we insist on paying people that dont produce ? I agree that we should stay home . The income tax was created to pay for a war ,and never stopped . The government has just gottin bigger . | ||
| Hootowl |
"The Tea Party is not questioning the 700 trillion spent on the Iraq war." That may or may not be a true statement. But the constitution grants the federal government the power to declare war and maintain our military. It doesn't give them the power to spend money on entitlement programs. That's the message of the tea party. A federal government that obeys its own founding documents. It's a pretty simple message. And I think you should look up the word "imperial". I don't think it means what you think it means. Makes a good talking point bullet though, if your aim is to win over the uninformed, which seems the be the game plan for most of our "leaders". | ||
| Ft_bstrd |
Whatever, please explain what "corporate wellfare" is. What would be the outcome if "corporate wellfare" were ended tomorrow? |
