On Sun, 15 May 2011 21:22:40 -0600, Canuck57
wrote:

On 14/05/2011 11:37 PM, wrote:
On Sat, 14 May 2011 23:56:39 -0400, wrote:

Yet the democratic senate came up with a fin reg bill that left most
of the abuses like too big to fail in place. Maybe it was because they
took more money from Wall Street than the republicans did.

actually the dems didnt. in the last election, 80% of wall street
money went to the GOP


BTW 2008 was even more of a slam dunk for the democrats. I suppose
that is why the bailout went the way it did

http://www.opensecrets.org/bigpictur...Rep&Cycle=2008

Wow, great list. Shows the union corruption.

amount of money unions took out of the US economy in the last 3 years:

zero

amount wall street did?

10 trillion.

and yet the right hates unions.

go figure

On 15/05/2011 9:36 PM, wf3h wrote:
On Sun, 15 May 2011 21:22:40 -0600,
wrote:

On 14/05/2011 11:37 PM, wrote:
On Sat, 14 May 2011 23:56:39 -0400, wrote:

Yet the democratic senate came up with a fin reg bill that left most
of the abuses like too big to fail in place. Maybe it was because they
took more money from Wall Street than the republicans did.

actually the dems didnt. in the last election, 80% of wall street
money went to the GOP


BTW 2008 was even more of a slam dunk for the democrats. I suppose
that is why the bailout went the way it did

http://www.opensecrets.org/bigpictur...Rep&Cycle=2008

Wow, great list. Shows the union corruption.

amount of money unions took out of the US economy in the last 3 years:

zero

Bull****. GM bailouts, Carlyle GM pension bailouts....long on
corruption. No reason a non-union worker in Montana unrelated to
corrupt auto should be saddled with corrupt auto debts.

Immoral union slugs, I will not buy a UAW/CAW product again, the auto
companies should look a the brand damages the unions have caused an tell
the workers, decertify or get fired.

amount wall street did?

10 trillion.

and yet the right hates unions.

go figure


--
Take a look at ANY country, more debt is more problems. So why do we
allow our governments more debt? Selfishness, greed, denial, ignorance?

On Mon, 16 May 2011 00:33:22 -0400, wrote:

On Sun, 15 May 2011 23:36:49 -0400, wf3h wrote:

http://www.opensecrets.org/bigpictur...Rep&Cycle=2008

Wow, great list. Shows the union corruption.

amount of money unions took out of the US economy in the last 3 years:

zero

amount wall street did?

10 trillion.

Most of that money never existed in the first place. It was created
out of thin air by Wall Street to fund the housing market and the
construction unions got plenty of that money. The problem wasn't where
the money went, it was what happened when the people who bought that
paper and actually thought it was real, tried to cash it in.

It is a similar situation with the SS bonds.

There is no "similar situation" wrt to SS.

In article ,
says...

On Sun, 15 May 2011 23:36:49 -0400, wf3h wrote:

http://www.opensecrets.org/bigpictur...Rep&Cycle=2008

Wow, great list. Shows the union corruption.

amount of money unions took out of the US economy in the last 3 years:

zero

amount wall street did?

10 trillion.

Most of that money never existed in the first place. It was created
out of thin air by Wall Street to fund the housing market and the
construction unions got plenty of that money. The problem wasn't where
the money went, it was what happened when the people who bought that
paper and actually thought it was real, tried to cash it in.


The Wall Street money was real for plenty.
Speculative investments are just that. No guarantees.
But many did well and continue to do so.
You'll note that the DOW is near previous highs.
And real estate has always been speculative.
Plenty flipped houses and made out like bandits.
Others, many who simply wanted a home to live in, bought a tulip future.

It is a similar situation with the SS bonds.

Government backed securities are guaranteed. It is the soundest
investment, because the government can levy taxes and print money.
And they certainly care about their reputation, so they won't default.
Besides, for public debt, they have the voters to contend with.
Here's a readable pdf of government debt.
http://www.treasurydirect.gov/govt/r...opdm042011.pdf

BTW, just using common sense, if SS benefits are reduced, what money
will replace it?
For those who who have no other funds, they will go on some form of
public aid, food stamps, etc, maybe populate gullies and culverts with
homeless old people.
Either taxes will be raised or social unrest will ensue.
But what of all those who own Wall Street securities or financial
institute CD's?
They'll cash out. No other choice.
It would be the biggest run on stocks and banks since the depression,
but drawn out for years and years.
So even Wall Street doesn't want SS cut, certainly not for those who are
more likely to cash in securities to replace the lost income.
They will mitigate for higher payroll and income taxes, but try to
protect capital gains and SS benefits.
And Wall Street is well represented in the government.
You're barking up the wrong tree.

On Mon, 16 May 2011 09:35:01 -0500, Boating All Out
wrote:


BTW, just using common sense, if SS benefits are reduced, what money
will replace it?
For those who who have no other funds, they will go on some form of
public aid, food stamps, etc, maybe populate gullies and culverts with
homeless old people.

GOP former senator alan simpson called SS recipients
'parasites'...finally seniors are realizng what the GOP thinks of them

In article ,
says...

On Mon, 16 May 2011 09:35:01 -0500, Boating All Out
wrote:


BTW, just using common sense, if SS benefits are reduced, what money
will replace it?
For those who who have no other funds, they will go on some form of
public aid, food stamps, etc, maybe populate gullies and culverts with
homeless old people.

GOP former senator alan simpson called SS recipients
'parasites'...finally seniors are realizng what the GOP thinks of them







President Obama attacks private individuals and corporations from right
there in the oval office. First piece of **** thug to do that in modern
times....

--
Team Rowdy Mouse, Banned from the Mall for life!

In article ,
says...

On Mon, 16 May 2011 09:35:01 -0500, Boating All Out
wrote:

Do you see any other tree to bark up?
Raising taxes is such a pair of dirty words neither party will say it
and you have so many people on Plume's denial that nobody really even
cares. S&P tried to warn us that these bonds may be in peril and they
got shouted down. The next warning will come from the auction when
people start passing on the first couple of rounds and those interest
rates start rising. I think this could be one of those "tipping point"
things. The worse it gets, the worse it will get.

I'm going from barking to climbing.
There will 2 trees to climb when the flood waters come.
The tax tree and the reduced spending tree.
It's obvious.
Some trees are loaded up with people and offer no refuge.
The SS tree and the Medicare tree.
Those are essential to a working society.
The tax tree will probably sprout automatically when the Bush tax cuts
REALLY expire. Thats what, $4T over 10 years?
Beats by far any Dem or Rep proposal.
You cut Medicare spending by reining in costs.
That's fraud and overpayment to the already socialized medical industry.
I've seen statistics that 60% of all medical costs are government paid.
So the gov has clout if they have the balls to use it.
No need to reduce medical care for seniors, but give the socialized
medical industry a haircut.
It's a tough one, but doable, especially if the money runs out.
If the health care bill isn't repealed there will be a natural
transition to a European model of health care, which will be more
competitive than the current U.S. system and lower costs.
You get rid of all the socialist subsidies to all industries except new
energy technologies.
Cut defense spending.
It's important that the current political gridlock continues.
Otherwise the Dems won't raise taxes enough with that stupid $250k
income limit, or the Reps will cut taxes even more and totally bury us
as they did pre-Obama.
I want them fighting so much they can't make a deal on extending the tax
cuts. Right there is $4T.
The best example of pure stupidity I've ever seen is extending those
Bush tax cuts.
Then they all whine about debt.
Never saw so many morons in one place as in DC.
Cocksuckers.

wrote:
On Mon, 16 May 2011 13:03:50 -0500, Boating All Out
wrote:

In ,
says...
On Mon, 16 May 2011 09:35:01 -0500, Boating All Out
wrote:

Do you see any other tree to bark up?
Raising taxes is such a pair of dirty words neither party will say it
and you have so many people on Plume's denial that nobody really even
cares. S&P tried to warn us that these bonds may be in peril and they
got shouted down. The next warning will come from the auction when
people start passing on the first couple of rounds and those interest
rates start rising. I think this could be one of those "tipping point"
things. The worse it gets, the worse it will get.
I'm going from barking to climbing.
There will 2 trees to climb when the flood waters come.
The tax tree and the reduced spending tree.
It's obvious.
Some trees are loaded up with people and offer no refuge.
The SS tree and the Medicare tree.
Those are essential to a working society.
The tax tree will probably sprout automatically when the Bush tax cuts
REALLY expire. Thats what, $4T over 10 years?

You get $3.7 B over 10 years if they all were repealed, as they should
be. The "rich guy" tax is only $70B a year assuming they can't use tax
avoidance strategies to duck some of it Unfortunately it is easier for
millionaires to dodge taxes than regular folks who make most of their
money in a W-2 so I question the estimate.
That could happen tomorrow if the congress had the will and it would
have happened if they just had the balls to do nothing earlier this
year.

Beats by far any Dem or Rep proposal.
You cut Medicare spending by reining in costs.
That's fraud and overpayment to the already socialized medical industry.
I've seen statistics that 60% of all medical costs are government paid.
So the gov has clout if they have the balls to use it.
No need to reduce medical care for seniors, but give the socialized
medical industry a haircut.

I;m OK with making that happen but not confident we ever will.

It's a tough one, but doable, especially if the money runs out.
If the health care bill isn't repealed there will be a natural
transition to a European model of health care, which will be more
competitive than the current U.S. system and lower costs.
You get rid of all the socialist subsidies to all industries except new
energy technologies.

That sounds great as a bumper sticker but most of these "subsidies"
are just tax deductions virtually all companies take. A questionable
one is the "oil depletion allowance". That basically pays oil
companies to pull oil out of the ground now instead of letting it sit
there and increase in value. The country might be better off keeping
that oil in reserve but we are always "give it to us now" people.

Cut defense spending.

And the choir says amen but we would have to cut back on our foreign
adventures and it would result in a decline in the aerospace industry.
That is why the congress fights for programs that even the Pentagon
says they do not want. The industry is smart enough to be sure any big
program spans several powerful states.

It's important that the current political gridlock continues.
Otherwise the Dems won't raise taxes enough with that stupid $250k
income limit, or the Reps will cut taxes even more and totally bury us
as they did pre-Obama.
I want them fighting so much they can't make a deal on extending the tax
cuts. Right there is $4T.
The best example of pure stupidity I've ever seen is extending those
Bush tax cuts.
Then they all whine about debt.
Never saw so many morons in one place as in DC.
Cocksuckers.


That is a pretty good analysis of the place.
Palin only made one mistake. She should have run for the Senate seat
and blown off that VP job. She is a perfect fit for congress and
nobody seems to care how dumb they are.


We'd be in the group of "over $250k" and have no objection to a
substantial and progressive federal income tax increase for those in our
category. We want it tiered, though. If we get a 10% federal tax
increase, those making a million should have a 20% tax increase.
Further, no matter how that income is derived, there should be a minimal
tax for millionaires. Oh...and no tax breaks for corporations other than
those obtained for capital purchases and hiring in this country. No
depreciation allowance for goods mostly manufactured overseas, except
for Canada and Mexico. Exporting capital overseas? 50% tax penalty on
the liquid assets moved.

On 16/05/2011 2:03 PM, Harryk wrote:
wrote:
On Mon, 16 May 2011 13:03:50 -0500, Boating All Out
wrote:

In ,
says...
On Mon, 16 May 2011 09:35:01 -0500, Boating All Out
wrote:

Do you see any other tree to bark up?
Raising taxes is such a pair of dirty words neither party will say it
and you have so many people on Plume's denial that nobody really even
cares. S&P tried to warn us that these bonds may be in peril and they
got shouted down. The next warning will come from the auction when
people start passing on the first couple of rounds and those interest
rates start rising. I think this could be one of those "tipping point"
things. The worse it gets, the worse it will get.
I'm going from barking to climbing.
There will 2 trees to climb when the flood waters come.
The tax tree and the reduced spending tree.
It's obvious.
Some trees are loaded up with people and offer no refuge.
The SS tree and the Medicare tree.
Those are essential to a working society.
The tax tree will probably sprout automatically when the Bush tax cuts
REALLY expire. Thats what, $4T over 10 years?

You get $3.7 B over 10 years if they all were repealed, as they should
be. The "rich guy" tax is only $70B a year assuming they can't use tax
avoidance strategies to duck some of it Unfortunately it is easier for
millionaires to dodge taxes than regular folks who make most of their
money in a W-2 so I question the estimate.
That could happen tomorrow if the congress had the will and it would
have happened if they just had the balls to do nothing earlier this
year.

Beats by far any Dem or Rep proposal.
You cut Medicare spending by reining in costs.
That's fraud and overpayment to the already socialized medical industry.
I've seen statistics that 60% of all medical costs are government paid.
So the gov has clout if they have the balls to use it.
No need to reduce medical care for seniors, but give the socialized
medical industry a haircut.

I;m OK with making that happen but not confident we ever will.

It's a tough one, but doable, especially if the money runs out.
If the health care bill isn't repealed there will be a natural
transition to a European model of health care, which will be more
competitive than the current U.S. system and lower costs.
You get rid of all the socialist subsidies to all industries except new
energy technologies.

That sounds great as a bumper sticker but most of these "subsidies"
are just tax deductions virtually all companies take. A questionable
one is the "oil depletion allowance". That basically pays oil
companies to pull oil out of the ground now instead of letting it sit
there and increase in value. The country might be better off keeping
that oil in reserve but we are always "give it to us now" people.

Cut defense spending.

And the choir says amen but we would have to cut back on our foreign
adventures and it would result in a decline in the aerospace industry.
That is why the congress fights for programs that even the Pentagon
says they do not want. The industry is smart enough to be sure any big
program spans several powerful states.

It's important that the current political gridlock continues.
Otherwise the Dems won't raise taxes enough with that stupid $250k
income limit, or the Reps will cut taxes even more and totally bury us
as they did pre-Obama.
I want them fighting so much they can't make a deal on extending the tax
cuts. Right there is $4T.
The best example of pure stupidity I've ever seen is extending those
Bush tax cuts.
Then they all whine about debt.
Never saw so many morons in one place as in DC.
Cocksuckers.


That is a pretty good analysis of the place.
Palin only made one mistake. She should have run for the Senate seat
and blown off that VP job. She is a perfect fit for congress and
nobody seems to care how dumb they are.


We'd be in the group of "over $250k" and have no objection to a
substantial and progressive federal income tax increase for those in our
category. We want it tiered, though. If we get a 10% federal tax
increase, those making a million should have a 20% tax increase.
Further, no matter how that income is derived, there should be a minimal
tax for millionaires. Oh...and no tax breaks for corporations other than
those obtained for capital purchases and hiring in this country. No
depreciation allowance for goods mostly manufactured overseas, except
for Canada and Mexico. Exporting capital overseas? 50% tax penalty on
the liquid assets moved.

It is already like that fool. Top 20% pay 80% of the taxes.

Did you know liquidating the entire NYSE would not pay of DC debt now
that Obama has added over 4 trillion in debt.

Funny, the way you talk it would be easier to liquidate completely and
go off shore. Oh wait, that is what is happening and what I did. And
can't tax them once they are gone.

Then socialists can all share having nothing. Which is why he US
government is broke. Tax revenue is down big time. Low profits,
companys saying screw it, capital exiting the US markets, fewer people
working and where there are jobs for less.

Hey, fleabagger greed pooched it.

--
Take a look at ANY country, more debt is more problems. So why do we
allow our governments more debt? Selfishness, greed, denial, ignorance?

On Mon, 16 May 2011 00:33:22 -0400, wrote:

On Sun, 15 May 2011 23:36:49 -0400, wf3h wrote:

http://www.opensecrets.org/bigpictur...Rep&Cycle=2008

Wow, great list. Shows the union corruption.

amount of money unions took out of the US economy in the last 3 years:

zero

amount wall street did?

10 trillion.

Most of that money never existed in the first place

which hardly is relevant to the fact they created it, then deflated
the bubble and took their profits. the only think it hurt was america

.. It was created
out of thin air by Wall Street to fund the housing market and the
construction unions got plenty of that money\

uh no. the unions got zip. nada. the real profit takers were those who
bought and sold credit default swaps in the HUNDREDS OF BILLIONS of
dollars

why not read up on economics instead of cliches? might learn
something.

BILLIONS went to wall street. the carpenter making $30 and hour..do
you REALLY think HE bankrupted us??

that your argument??