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To have him as an American president, this incompetent, former coke head & community agitator, with a marxist ideology who's destroying our country with his massive deficit spending and is intent on turning America into a Socialist cesspool.
@notbestfriends-Where did you get your information from the drug addicted Rush Limbaugh, the drug addict/alcoholic G Beck ? Were you angry when Reagan tripled the debt or had the biggest tax increase in history as a % of the GDP? How about Dubya when he doubled the debt , gave us unfunded tax cuts that have cost us 2.6 Trillion dollars and passed a unfunded entitlement Medicare Prescript Part D which was nothing more then corporate welfare for big pharma at taxpayer expense ?
@notbestfriends-If his agenda is marxist then all of the developed world is marxist since all developed countries have national healthcare.Obviously you have no idea as to the meaning of marxist.Did you know the debt was in excess of 10 trillion $ when Obama took office?So your plan would be to add to the debt with more tax cuts for those who need them least and take away SS and medicare for those who have paid in to such programs even though it would do nothing for our financial problems?
next time you get your lousy SS check just think you could have $4,000,000.00 if you took the same investment and put it in the market. Thank God for the biggest of Democrat failed socialist programs, now we are all equally broke,
@redbaroniii-Actually we should have learned in 2008 that the market may not be such a good idea. If you realized that on average citizens get back all of their SS paid in within the first 5 yrs of receiving benefits it is not such a bad idea and if all of us were to not pay in to SS how many would actually invest in the market? Maybe you should direct your comment to those who were previously invested in Enron stock and see what they have to say.
@urparanoia "Five year payback" not so.. If it were true then the rest of us would lose all our SS on the guy living to 100. When you get that $800.00 monthly SS check (after the blood sucking democrat tax) just know that an average income invested in the market over a normal carreer you would yield $4,000,000.00. Now who got the bad deal. Only fools and employee's unions invested in Enron. I didn't invest because I could read and knew it was going south. Freemarket requires education.
@redbaroniii -The five year payback average is reality my friend and is not difficult to figure.Investing in the market has NO guarantees.In regard to Enron their demise was not obvious over the entire course of their existence. Let's not forget those who lost $ in 2008 and it was not always the result of a "lack of education. This is a silly argument. Obviously you're attempting to support your position but your argument will only take you so far.We all know the market isn't a sure winner
@urparanoia 5 year payback can't be. All the money you put in is paid back in 5 years?? then where does the money come from to pay for the next thirty years? I have more faith in the long term success in the free market than I do in Socialism. Think of all those Russians that worked so hard and got nothing back from their retirement. You may find out that SS will not be there for you when $800.00 can only buy a cup of coffee. 2008 was from corrupt powerful Democrats.
@res05aum - Again do the math and who gets $ 800.00 ? Based on the question you ask do you really understand how SS works ? I find it ironic that you have a problem paying in to SS but have no problem with taxpayer dollars going to corporate welfare. Your "free market" is subsidized in many ways by U.S. taxpayers and the working class which has lost a great deal while corporate profits rise.Funding SS is a problem down the road but at this time and for a few more yrs it remains solvent.
Dont be suprized if muslims change there tactics and start useing cars as battering rams on city streets across America...this world is deadly sirious about murdering American people...you cant afford to be "un-united" right now...or ever.
so i think the last thing you need as a "United" self respecting cultural identaty is barack hussain obama...who handed them the keys and took the christmas tree down because it offended the murdering thugs...
Yeah so many people forget that there used to be quite a few parties. There even used to be a Democratic-Republican Party. The two party system sucks.
People get caught up in the Right vs. Left stuff so much. Stand for what you believe in not believe what your associated party believes in.
That was well said. Most people think we are in a democracy. It's a republic. Most people think Capitalism is at fault for many of the financial issues. In all reality it's the Fed. Most people think it's solely capitalism this country runs on. Most Americans don't actually participate in Capitalism. They participate in a free markt economy.
Sales of existing houses plunged by a record 27 percent in July as the effects of a government tax credit waned, showing a lack of jobs threatens to undermine the U.S. economic recovery.
Purchases plummeted to a 3.83 million annual pace, the lowest in a decade of record keeping and worse than the most pessimistic forecast of economists surveyed by Bloomberg News, figures from the National Association of Realtors showed today in Washington.
@ChocolateHD that was the most ridiculously general/broad statement i have heard in a while. dont tell me you are one of those people who dont listen to political ideals, and shallowly judge people solely on whatever political party you label them with.
WARNING - This video by the Obama administration was created and distributed solely for the purpose of propaganda. So please, do not confuse our mindless drones with the real and honest facts about Obama and our administration, and how we are destroying America, as you once knew it.
@zach112393 How long will the conservatives continue to wave the 'founding father's and constitution' in an attempt to fool the American people into thinking that they are on their side? Regulation keeps, the 'big dogs' and 'fat cats' honest. Without regulation, democracy will be just anarchy. Conservatives talk about fiscal responsibility only when it suits them. We did not hear anyone screaming for balancing the budget when we waged war on Iraq and gave tax cuts to the rich.
@zach112393 How long will the conservatives continue to wave the 'founding father's and constitution' in an attempt to fool the American people into thinking that they are on their side? Regulation keeps, the 'big dogs' and 'fat cats' honest. Without regulation, democracy will be just anarchy. Conservatives talk about fiscal responsibility only when it suits them. We did not hear anyone screaming for balancing the budget when we waged war on Iraq and gave tax cuts to the rich.
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Why is Superman always around when there's trouble huh? Kind of a strange coincidence if you ask me! Maybe he's the REAL mastermind in all of this. I don't trust anyone not from my own country, let alone my own PLANET! DOWN WITH SUPERMAN!!! DOWN WITH SUPERMAN!!!
It's like Superman just caught a train that drove off a cliff, and the people inside are mad that they spilled their drinks, and Lex Luthor is in there with them pushing that agenda.
Lex: "How SUPER is he if he's letting your drinks spill huh? Huh?!"
...all as Superman flies the train back to the tracks, saving everyones lives.
Lex: "You know he's not born on earth right? He's an ALIEN!!! from KRYPTON!!! Probably a COMMY Planet!!! How do we know SUPERMAN isn't the one who bombed the tracks?"
If we Privatize Social Security, Obaama can't steat from it to spread the wealth. You never tell the truth, no wonder the American people don't trust or believ you. You have turned into a joke, a clown, a FAILURE.
Obama has no history of stealing our money but the banks sure do. How is he a failure for not letting the nation crash into the next great depression? I can understand doubting him before he took office, but under 2 years in and everything is on the rise slowly but SURELY. An assurance we did not have in 2008 when it seemed like the end. The last Pres set the plane on fire, and Obama put out the fires and kept us from crashing. Now people are complaining that it's still smokey in the the cabin.
It makes you wonder why the GOP spends so much time attacking and trying to dismantle SS rather than promoting policies and programs that would immediately help Americans and our economy. The GOP obstructs and obfuscates while families lose jobs, incomes and their homes. There is only one rational conclusion, the Republican party doesn't care about the well being of average Americans, only in supporting the 'big dogs' who thrive in 'free market' anarchy.
@sphygmu Obama's the one who appointed an unaccountable panel to basically ensure cuts to social security. You can yell at the Republicans but ultimately it was Obama's doing.
@sphygmu Only the Republican Party cares about keeping my job, house, and freedom. The democRATs only want to regulate, steal, impoverish, and kill people that work, have families, and love freedom. We are not better off now than 4 years ago. Only blood, poverty, death, pain and suffering follow ruthless Socialists rule like Obama's.
redbaroniii ((WOW)) I didn't know people as dumb as you actually still existed this day in age. Boy was I wrong! All I can say, from the bottom of my heart. Please read!!!!
@sphygmu-The reason is they see the benefits of all that SS money being dumped on Wall Street. The financial security of older U.S. citizens is not a thought in their mind. There is no doubt that they do not care about labor or the elderly This country has been going downhill since the election of Reagan and the future only looks worse. Nothing will ever change until voters see that conservatives are no friend of the average citizen.
Well said @sphygmu. Man, I finally found a smart person with some commonsense, and i've been looking for a while. Why are most americans so, well, dumb? Anyway, I am a proud american who wishes my country would defend me, instead of the corporation! Now, let's arm ourselves with knowledge, and go pick on dumb people!!! Maybe we can make a difference!
@javie793 -Imagine the small minded one day waking up to discover they are contributing to their own demise? Conservative must be getting a big chuckle when they see the very people they are taking advantage of supporting them. Most of the small minded have only one strategy-deny, deny, deny and they actually think their ignorance and repeating headlines without knowing substance is working for them. Nice to hear from someone who sees them for what the are.
@urparanoia You are right the left is exactly the type you describe. They are the most sheep minded people beliveving everything their masters tell them. You too are one of them that just mouths the same lies from CNN. I will not chucle when, and if the left finaly desroys America.
@redbaroniii -Nice speech but if you look at my comments of the past you will see that much of what I have said has never been mentioned on CNN. And if it was the point is not where my info came from but if it is true or not. Your are free to refute anything I have said in the past. Looking forward to your doing so
liar!! all you do is lie, you really are the worst pres. ever. You should be impeached. I'd like to know how all this despair and change is working for people. impeach!!!!!!!!!!!
Well, the president has a Conneticut social security by the name of Barry Sotereo, his real name. People wake up, look up, our president has a SS from a dead man in 1890
Weekly Address: Honoring Social Security, Not Privatizing It
August 20 ,2010 On the 75th anniversary of Social Security, President Obama promises to protect it from Republican leaders in Congress who have made privatization a key part of their agenda. He makes clear that, especially in light of the financial crisis, gambling Social Security on Wall Street makes no sense.
There is a reason our economy is so horrible. I don't think our economy can ever really be healthy again given the debt we've racked up. And we will never handle our atrocious debt until we address our corrupt monetary system.
At the heart of this is the Federal Reserve.
Go to Youtube and search for "Our money is making us broke"
F.D.Roosevelt: Lifetime of work, you can retire on SSI... if you live that long, which you shouldn't. (Maybe that's what we should do, like FDR: retirement at 85?)
1.08"Tied to the whims of stock market?" Uh, news flash Obama, Social Security is MORE risky than the stock market. My step-father died at 54. What happened that put into Social Security? It disappeared down a hole...100% loss of principle. Had it been in a privatized diversified portfolio he would have left it to family or charity of his choice. The silliness of Obama and others saying a person might choose the next Enron in the markets. For many, S.S. already IS the next Enron.
The two headed monster ( Republican + Democrat ). All of the political elite feel that anybody that needs Social Security is too poor and stupid to mater. Not to mention the U.S. government is bankrupt. Just tell the people who's jobs you shipped out of the country to work til there 75 years old? And in case nobody noticed, all companys now expect thier workers to work so hard that your dead by the time your 35 years old. Thats where the productivity gains came from.
@workwillfreeyou The FEDs are NOT bankrupt, but will lead us to "old Europe" tax rates and debts. In fact, most upper income countries have LESS debt as a % of GDP than we do. The issue is that we must stop so we don't have to make the decisions that France will have to make, or Greece did. I concur on the problem, but you must have a sense of proportion.
In particular, we're delivering unprecedented resources to treat signature wounds of today's wars—Traumatic Brain Injury and Post-Traumatic Stress Disorder.
This was in a letter from the President Barack Obama. He thinks the treatment of those disorders unprecedented?!? This concerns me.
To all the liberal/democrats blindly following and believing every word obama speaks, things will become very clear for you in the first week of January when you receive your first paycheck of the new year, if you have a job. My guess is your reaction will be, "What the hell!" when its anywhere from 12% to 32% less than the week before with all the new and higher taxes coming. You can continue to blame Republicans to distract from the truth but your great awakening is coming!
He's done his own Sarah Palin death panel whopper. Everyone read FactCheck and Glenn Greenwald from Salon. They've debunked Obama's false claim about privatizing social security. We need health care and social security reform but fear mongering is not something we need. Just because the Obama says it doesn't mean its true.
I am a life long Democrat. My message is simple. Make the tax payer paid Social Security Trust Fund whole. Pay 85% American Tax Payers real interest due on Social Security Trust Fund. Government workers need to paid for their pensions, if SSA is made private, they need to account for contributions and interest due. No more raiding Private Citizens trust fund for Government workers whos paid not taxes for their own pension! CLEAN UP THE ACCOUNTING!
@myHome109 I am confused. The SS system is an old age subsidy system, there is no relation to a trust, pension, or annuity. The fed workers have their own Pension system, which is not a subsidy system. Even if you believe old age subsidy is the best way for "security," the "trust" is already spent on the general fund.
The issue is not the tax payers didn't pay taxes. The major issue is the 15% government workers who've made "ZERO" tax contribution towards their pensions, increase the pension via cost of living increase, increase tied to increase in salary, increase tied to family benefits, etc; ...then to add insult to injury Government (who paid no tax) raise more tax to cover interest due to tax payers. Government workers are retired at 55 (paid no taxes), tax payers have to wait until 65. Discrimination!
4) The accounting standards used by Obama in Congess and WH boarderline criminal fraud when looking at SSA Trust fund. These forecast for SSA at available at SSA gov, CBO gov, OCC Treas gov, GAO gov. To raid the SSA trust fund with all these information available amount to premeditated accounting fraud with intent and malice to commit financial fraud against 85% American Tax Payers! I am a life long Democrat, let’s talk about SSA.
3) Social Security should be privatized because 85% American paid taxes need to be made whole. To prevent the 15% public (Government Employees), with government mismanaged their pensions and contribute “ZERO” toward their pensions from raiding our trust fund with fraud accounting. Privatization would force Government to clean up it’s accounting and pay real interest to 85% of Americans. American can elect to purchase Treasury Bonds and get real interest paids!
I am a life long Democrats. Let’s talk about Social Security. 1) Everyone knows the accounting at SSA borderline criminal fraud by Congress and WH. Read GASB – Government Accounting Standards Board report on PUBLIC (Government Employees) pension, risk assessment difficult because of accounting irregularities. 2) Obama was in Congress 6 yrs and President for 2 yrs, every year for 8 yrs he has raided the SSA trust fund to pay for his debt!
Social Security is a good thing, but why are people receiving benefits who do not need it?? My wife does taxes for this man who is 63 years old. He gets a $3,200 a month pension, has more than a $400,000 IRA, AND draws about $2,000 a month in Social Security!!!! This man should not be receiving even one dime of SS!!!! The government needs to be giving the money to someone who needs it for their survival!! The money should be given to the poor!!!! Not some rich dude!!!!
I am glad that our President is telling it like it is, how repubs are wanting to privatize Social Security, and then gamble it on Wall Street!! If Americans are smart, they will realize that Democrats work for the poor and middle class. Repubs only work for expanding the prosperity of wealthy white Americans!!
Are you going to Glenn Beck's 828 Restoring Honor event next weekend? Can you believe 828 is right around the corner? Beck's event is about Restoring Honor and is not supposed to be political or a tea party
Are You Going to DC Next Week? Have You Seen the Latest Slush Fund?
Dear Fellow Patriots,
Another slush fund created with your money. Does this surprise you? Unfortunately it is business as usual for those elected officials in Washington. We have to teach them the 3 R's: Repeal, Reduce, Restore.
Just last week the Obama administration signed another bailout into law. It was a $26 billion bailout, with $10 billion supposedly saving teacher's jobs that were never on the chopping block. Out of that $10 billion, about $40 million will go directly to the teacher's unions - just in time for the elections. Much of this money was "paid for" by dipping into the funding for food stamps - ironic since they always accuse us of wanting to "starve the children."
Now they want to cut** another $8 billion from the food stamps fund to pay for a child nutrition bill that is at the center of Michelle Obama's "Let's Move" Initiative. The First Lady's initiative is a massive financial boon to the SEIU (again, just in time for the November elections...). It creates goodies like a "Food Service Management Institute" and "an open-ended green cafeterias pilot program" through a reauthorization of legislation from Lyndon Johnson's Big Government agenda.
There are 400,000 workers who prepare and serve lunch to kids in the US and the SEIU represents tens of thousands of them. They now want to use this money to hire and unionize more employees by creating year-round breakfasts, lunches,and dinners for kids as well as beefing up their pay and benefits packages, all paid for by us. Whatever happened to parents making sure their kids are fed??
Big Labor already has a lot of money, and now because of these two new bills, they'll have tens of millions more to use for November. Tea Party Patriots is fighting hard to stop the spending and to stop the runaway growth of government, including public employees and their unions, but we can't do it without you.
**Nancy Pelosi frequently uses the food stamp fund as her go-to fund to "cut" in order to abide by the PayGo rule. However, these "cuts" are scheduled to take place in the future and they know these cuts will never actually be made.
Praying or you, your family and congress every day.May God bless, guide and protect you.God is in control."God is good.No one would be in office unless God put him there!"Helen Doyle, my mother-in-law,86 years old.
@1911arthur Democrats set the age at 65 because that was the life expectancy age at the time. Now life expectancy is average 77 so raising the age limits is keeping up with the times. We may not like it but SS is broken. People need to save for their own retirement. I was always taught to put 10% away every week into a retirement fund or IRA. If you do that for 30 years you will have 3 times at the least what SS pays you.
@drizztmay We are not in the red this year. Some of the interest that Social Security gets from it's treasury bond holdings is being tap , no principle. It is projected that as we leave this recession that for a few more years we will take in more than the out go. Social Security has never contribute to the deficit. I want to slay the deficit dragon too but Social Security is not it.Many governments,companies and individuals own U.S. debt. It is not junk .
We should view Social Security as insurance! Just because a person pays into it, does not mean that they should get it if they have savings they can draw on!!!!
If our government wants to save money, they need to stop these retirees from receiving benefits who are already receiving money from other sources!! And, we have the radical republican party that is wanting to gamble away our SS. Social Security would have been a whole lot better off today if the government would police who gets it, and when!! Most important of all, it should only go to those who are in need!!!!
@groundhog2008 Only go to those in need? Sorry but it was set up that we are all equal and all who pay into it will get back their investment. That was the Dems that made that promise.
@quizerry Times are changing, and money is short! Changes need to be made in the way SS is distributed! The money should go to thos who dont have pensions, and investments to draw from! I believe our government leaders need to decide who gets it, and when! If they do the common sense approach, they will give it to the poor who have no retirement savings!!
@groundhog2008 So you don't believe every citizen should be treated equally. You think we should take from those who work hard, invest and save and give it to those who don't. You believe if someone is successful they should pay. Government should be able to take your money you worked hard for. Move to Cuba and see how well that works.
Social Security is a good thing, but why are people receiving benefits who do not need it?? My wife does taxes for this man who is 63 years old. He gets a $3,200 a month pension, has more than a $400,000 IRA, AND draws about $2,000 a month in Social Security!!!! This man should not be receiving even one dime of SS!!!! The government needs to be giving the money to someone who needs it for their survival!! The money should be given to the poor!!!! Not some rich dude!!!!
This weekly address is very controversal and will be a big debate in the congress.
On one hand, President Obama is correct. We must ensure that elderly should enjoy retirement life with dignity, respect and secured. The quality of elderly life should not be put on the "gambling table" of Wall Street.
On the other hand, the amount received by elderly will be much less if social security is not privatized and linked with the investment. Government budget will be more tighten.
@applesweeter Only poor elderly should be eligible to receive SS!!!! Just because a person reaches retirement age, does not mean they should automatically get SS!!!!
In my opinion, I think that social security should never be privatized and should not be gambled on Wall Street. If people want to retire with more money, they may invest partically their own salary on Wall Street in their own, without involving the social security fund from the US government.
president obama could b alien for all we kno. and tha kind of alien im talkin about iz tha 1s where they're not from this world but out of space from som where from tha galaxy. and i kno u ppl think im crazy but if u all say im crazy then that means all of u human beings r crazy in both wayz and crazy fo electing n choosing Obama as president
president so called Mr.Obama aint from tha US and he wounldn't show his birth certificate so that means that hes not from here and he probably doesn't even hav a birth certificate. for all we kno and i kno this may sound crazy but president Obama may not b from our world we call earth, hell he could b from out som where from tha galaxy fo all we kno but i kno this info may sound crazy but u never kno tho?
i dont care for president obama and also i bet that tha rest of tha ppl all around tha US dont like him either so president Barrack Hussein Obama should be removed out of office whether anyone likes tha idea or not. bc in reality look around ppl look at wat obama iz doing to our economy. hell i doubt if he iz an true american!
I don't see how tinkering with SS can be a winning issue for Republicans. It didn't work for Bush and it won't work now either. I think that many conservatives mistakenly think they have the majority on their side and are getting sloppy in their thinking - many issues. The majority is not with them. They may be mad at Obama now but they will be even more angry at Republicans.
@gormleyb3 If memory serves,your namesake got fired by Admiral Nimitz and replaced by Admiral Halsey at Guadalcanal for making just that kind of erroneous assumption
John Bolton is a CRIMINAL and a TRAITOR to the United States.
Instead of sacrificing 1000s' of American troops in the Middle East for SCUM like John Bolton, why doesn't the U.S. Military just turn on the PNAC scum that got us into this mess in the first place?
John Boltons' recent outspokeness PROVES beyond a shadow of a doubt he is an American TRAITOR.
A significant amount of Americans are out of work, and some have been for nearly 99 weeks. On the other hand, those recieving benefits aren't missing a beat. Wal-Mart will hire you to sit in a chair and greet people. I know thats what most of us younger cats will have to be doing if we don't figure out a way to take care of our own retirement. Has anyone ever heard of a pyramid scheme? Seriously, people have been arrested for doing this stuff.
SSI is out of money! There isn't anything left in the till. As far as "social security" the only people worthy of such a thing would be combat veterans. Unless you have actually done something for your country I don't want to hear a response from you. Isn't it enough that I put my life on the line for you. Now you want my money too?
@smwebster2 you would rather watch your fellow man suffer then to lend a helping had, you would give your life for him but you cant give him some change out of your pocket? What a wonderful world.
how does a lazy fata$s who doesn't work in order to avoid child support for 5 children, lay around the house and does nothing all day, still get disability and medicaid? f*cken don't get it, you can explain it to me until the end of time, i still won't get it
Obama you should know that with baby boomers retiring Social Security income will not be able to cover the obligaitons starting this year. And you should well know that you democrats are making things worse by propping up companies with empty bailout funds that will cause hyperinflation if not stopped, you crictize companies and how evil they are but yet you bail them out. Social Security and every other social program has caused Americans to lazy and uncompitive.
Screw SSI my father had a Triple Bypass and was under doctors orders to not work, SSI said he was able too and as a result, he died penniless. Yet some fat woman can have a 10 foot wide butt, claim genetic disorder and get SSI for disability.
I think we all have had enough of this USELESS loser spitting out big empty words! Mr. Obama, we don't need to be lectured to. We need to be heard instead! Start listening to the people you lead instead of prioritizing your own political agenda.
Privatization of Social Security is a flat out bad idea. The Stock market has always been a gambling house and you can't trust a broker that has an incentive to steer you to big commissions ,fees ,and risk. Keep Social Security Secure.
@boogrlz54 I too fear SS won't be there. That is, if Republicans have their way there will be no more social security. Talk about death paneling Granny!
He's done his own Sarah Palin death panel whopper. Everyone read FactCheck and Glenn Greenwald from Salon. They've debunked Obama's false claim about privatizing social security. We need health care and social security reform but fear mongering is not something we need. Just because the Obama says it doesn't mean its true.
@sphygmu "I too fear SS won't be there." You FEAR SS won't be there? It's already gone! It has been spent on the general fund already. SS is a pseudo "Pension" old age subsidy system with double to triple leveraged treasury securities! The issue is that ALL of these pieces of paper are leveraged! There is no capital, or base of money!
@sphygmu Irony is that FDR only wanted SSI (note the I, for insurance not entitlement) for those who had no money and lived past the average age (SSI kicked in at 65, average age of death was 58-60). The disabled were a second catagory, but included those who couldn't earn a living (today you can be quadraplegic and still make 6 figures).
Maybe a means and age test should be applied and we should encourage those who can earn money to work and save rather than spend like the Fed. Gov't?
I@Unintimidatedspeech No, the people who waste their time on Youtube watching this, are fat republiucan fanatics who blindly follow an imaginary person in the clouds, deny obvious facts, and continue their red neck ways despite a changing world that needs NORMAL people to survive.
"Honor Social Security"? Why it's a miserable failure.
When FDR signed it into law the law said they will take out 3% of your paycheck to pay for it after 1948, it's now 6.6%. And they don't even save your money, they spend it on retirees now, it's exactly like a Ponzi scheme.
If your grandparents' money had been put in the stock market instead of SS, even with the recent downturn they would have hundreds of thousands of dollars more than they do. 1990 Dow 2400, today 10,000. Up 400%!
@sphygmu no that isn't how the Dow works, it's based on 30 big companies which change periodically, the total # of businesses is irrelevant to the DJIA. Including the downturn you refer to and I already did, investing in the stock market would have made your grandparents hundreds of thousands more dollars for their retirement than the current crap govt system. We're down 4,000 Dow pts since 2007--but we're still 500% higher than we were in 1989 when it was at 2,000.
@sphygmu no it's averaged about 10-12% every year for the last 70-80 years, it's probably closer to 10% after the recent downturn, adjusted for inflation 6% ish. You would be vastly, vastly, vastly better off having had your money in the stock market let's say 1980 through today, then the current crap system. Your parents, grandparents would have double or more the size of SS checks they get today.
@sphygmu just ran the 1989 2000 pt Dow adjusted for inflation for today numbers and it would be 4,929 if we'd only averaged 4% since then, even factoring in that we've dropped from 14,000 in 2007 to 10,000 today, we're still double the inflation rate, even pegging inflation at a high 4%, in the last 21 years.
It's too bad that in these economically troubled times, the Republican party would rather focus on a Mosque in NYC than in actually helping the unemployed or the economy as a whole. The GOP is intellectually bankrupt and seems to think obstructing progress somehow means they're doing a good job. They promote the removal of our societies greatest humanitarian achievement: the protection of our elderly, i.e. those who worked their entire lives to make America a better place. Free market=anarchy.
@sphygmu Pres Bush attempted to privatize a portion of SS in 2005. The Repubs didn't even allow the idea to get out of Committee. Yes, there has been talk of reform in SS by Repubs, but if they don't even bring up the idea, who will?Come Dec, Obama's Financial Reform Team is going to come back with recommendations, and one of them will be reforming SS. The USA/SS cannot continue to pay out more than they take in, like they did this year. It was not Repubs idea to take $500 bill out of MediCare.
@dmpstrdivr It's a myth that SS is paying out more than it takes in. At current economic levels that won't happen until something like 2042. AND if the economy improves that won't happen at all. Alternatively the 100k cap could be removed and the problem that isn't really a problem goes away forever.
@sphygmu Aug. 5, 2010. It's official: Social Security will reach its tipping point this year.
For the first time in nearly 30 years, the system will pay out more benefits than it receives in payroll taxes both this year and next, the government officials who oversee Social Security said on Thursday.
There are several sites that back me up. Not hard to find. Took me a second to find the above.
"The financial outlook for Social Security is little changed from last year. The short term outlook is worsened by a deeper recession than was projected last year, but the overall 75-year outlook is nevertheless somewhat improved(...)"
This is from the social security trustees 2010.
5th paragraph.
ssa(dot)gov/OACT/TRSUM/index(dot)html
6th paragraph.
"Social Security expenditures are expected to exceed tax receipts this year for the first time since 1983."
@InterntzTrollerinz Obama and his Economic Advisers stated that unless the Stimulus Package was passed, the employment rate will go above 8%. That turned out to be a big joke. Health Care cost estimates turned out to be wrong. On and On. You can listen to projections all you want, but they do not always come out the way the Big Wigs promise they will. JOBS<JOBS<JOBS!!!!!!!
"This deficit is expected to shrink substantially for 2011 and to return to small surpluses for years 2012-2014 due to the improving economy. After 2014 deficits are expected to grow rapidly as the baby boom generation’s retirement causes the number of beneficiaries to grow substantially more rapidly than the number of covered workers(...)"
@InterntzTrollerinz Obama/Congress didn't even bother to make a budget this year. Their proposed Budget for next year will be $3.8 trillion. How in the heck do you see the Deficits being reduced? I know Obama says so, but that does not make it true. The USA is borrowing 41 cents for every dollar spent. O has shut down deep water drilling in the Gulf, and elsewhere, causing a huge loss of income plus we will have to import more oil. Do you ever pick up a business paper? Follow the Stock Market?
@sphygmu I respect the practice of all religions and the different aspects of them, but the building of a Mosque is almost a slap to the face, on Ground Zero of all places, instead of them pointing fingers at us telling us to respect their religion, they should first should acknowledge and respect the fact that over three thousand Americans died there.
@truvenlol The proposed mosque has nothing to do with ground zero. It would be several blocks away in a privately owned skyscraper. There is NO CONNECTION toy to the attacks of 9/11 either philosophically or geographically.
@sphygmu The report Obama is talking about is thoroughly hedged. It is based on the idea that Obamacare will make the HC sector more efficient. But we all know the bigger Government programs get the less efficient they are because of waste fraud and abuse. The report even state achieving this objective could prove difficult and if it doesn't work actual cost would be much higher then projected. Hopefully the bill will be found to be unconstitutional.
@sphygmu how does a free market solely become anarchy? It doesn't! Unless you are an anarchist, most people are NOT anarchists. A free market means that two consenting parties are able to make their own terms on a transaction free of government interference as long as there are no significant third party effects.
@WolfmanMusic the "wall street idiots" should be allowed to invest our SS money in exchange for 10% of the profits they make with it, they should get no fees and nothing at all if they don't make returns on it. If they do they get 10%. If someone's 100K in SS payments in 1989 had been put in a Dow Index stock today it would be worth $500,000. The govt gets us nothing for our investment, the stock market even with downturns would make us all better off. This program is dung.
Personally, I observed how elderly people in Hong Kong invest on stock maket with all their life saving, and then loss all their money in one evening.
Pension and retrement fund should be secured and should never put on gambling table of financial investment.
It turns out that the uber-rich have found something to do with the tax cuts Bush gave them; They spend the money on lobbyists and bribing public officials to eliminate Social Security. Too much money is the Devils workshop. Let's get that money back into the economy. Call your representatives and let them know it's time to return to sane tax policy. Let the Bush tax cuts expire.
Good Grief, BHO, what's next? Are you going to tell little kids that if the Big O'l Bad Red Guys get their way, they will kill all baby kittens and puppies?
Thank you Mr. President for addressing the statements from the Far Right about ending this vital service available to all Americans. It astounds me about the degree to which certain people believe that the freedoms and privileges they enjoy do not have to be invested in. America, even on our worst day, is still the best economy, nation, military presence, and source of innovation in the world far and above any other country.
@pinjinge I swear, Cenk is becoming more and more libertarian leaning - but he's a Noam Chomsky leaning libertarian. But heck, I'm proud Cenk is waking up.
@drizztmay :You must be referring to Social Security.The boomer generation in the early eighties started to pre-fund their retirement while paying for their parents and grandparents retirement.That is why there is a surplus in Social Security.The plan was to tap into that as boomers retired.There is a slight funding deficit about 35 years out which will need a minor adjustment.Right now Social Security is a large pot of money that special interest are ogling.We must not let them destroy it.
@jesperbech There is nothing biblical about the government stealing our money to spend as they wish. It is biblical for us to give and to be charitable. You must not understand the difference.
@jesperbech You should read the bible again. Jesus told us to give. He told us to help the poor. He said it is more blessed to give than to receive. The government taking our money is not us giving. If you look at the statistics red states give far more to charity than blue states. We want to give to help people we don't want the government taking from us to spend as they see fit!
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chazrockwell84 4 months ago
To have him as an American president, this incompetent, former coke head & community agitator, with a marxist ideology who's destroying our country with his massive deficit spending and is intent on turning America into a Socialist cesspool.
He's a monumental disgrace!
notbestfriends 10 months ago
@notbestfriends-Where did you get your information from the drug addicted Rush Limbaugh, the drug addict/alcoholic G Beck ? Were you angry when Reagan tripled the debt or had the biggest tax increase in history as a % of the GDP? How about Dubya when he doubled the debt , gave us unfunded tax cuts that have cost us 2.6 Trillion dollars and passed a unfunded entitlement Medicare Prescript Part D which was nothing more then corporate welfare for big pharma at taxpayer expense ?
urparanoia 8 months ago
@notbestfriends-If his agenda is marxist then all of the developed world is marxist since all developed countries have national healthcare.Obviously you have no idea as to the meaning of marxist.Did you know the debt was in excess of 10 trillion $ when Obama took office?So your plan would be to add to the debt with more tax cuts for those who need them least and take away SS and medicare for those who have paid in to such programs even though it would do nothing for our financial problems?
urparanoia 8 months ago
next time you get your lousy SS check just think you could have $4,000,000.00 if you took the same investment and put it in the market. Thank God for the biggest of Democrat failed socialist programs, now we are all equally broke,
redbaroniii 1 year ago
@redbaroniii-Actually we should have learned in 2008 that the market may not be such a good idea. If you realized that on average citizens get back all of their SS paid in within the first 5 yrs of receiving benefits it is not such a bad idea and if all of us were to not pay in to SS how many would actually invest in the market? Maybe you should direct your comment to those who were previously invested in Enron stock and see what they have to say.
urparanoia 8 months ago
@urparanoia "Five year payback" not so.. If it were true then the rest of us would lose all our SS on the guy living to 100. When you get that $800.00 monthly SS check (after the blood sucking democrat tax) just know that an average income invested in the market over a normal carreer you would yield $4,000,000.00. Now who got the bad deal. Only fools and employee's unions invested in Enron. I didn't invest because I could read and knew it was going south. Freemarket requires education.
redbaroniii 8 months ago
@redbaroniii -The five year payback average is reality my friend and is not difficult to figure.Investing in the market has NO guarantees.In regard to Enron their demise was not obvious over the entire course of their existence. Let's not forget those who lost $ in 2008 and it was not always the result of a "lack of education. This is a silly argument. Obviously you're attempting to support your position but your argument will only take you so far.We all know the market isn't a sure winner
urparanoia 8 months ago
@urparanoia 5 year payback can't be. All the money you put in is paid back in 5 years?? then where does the money come from to pay for the next thirty years? I have more faith in the long term success in the free market than I do in Socialism. Think of all those Russians that worked so hard and got nothing back from their retirement. You may find out that SS will not be there for you when $800.00 can only buy a cup of coffee. 2008 was from corrupt powerful Democrats.
res05aum 8 months ago
@res05aum - Again do the math and who gets $ 800.00 ? Based on the question you ask do you really understand how SS works ? I find it ironic that you have a problem paying in to SS but have no problem with taxpayer dollars going to corporate welfare. Your "free market" is subsidized in many ways by U.S. taxpayers and the working class which has lost a great deal while corporate profits rise.Funding SS is a problem down the road but at this time and for a few more yrs it remains solvent.
urparanoia 8 months ago
Dont be suprized if muslims change there tactics and start useing cars as battering rams on city streets across America...this world is deadly sirious about murdering American people...you cant afford to be "un-united" right now...or ever.
so i think the last thing you need as a "United" self respecting cultural identaty is barack hussain obama...who handed them the keys and took the christmas tree down because it offended the murdering thugs...
pakreecekennedy 1 year ago
Weekly address: honoring profit
--------------------
Pssst. You. Yes, you!
Interested in war & profit?
A documentary entitled:
The New American Century
is free to watch online.
Use your preferred search engine to find it. See what's going on when a third of your taxes go to the military machine.
You can thank me later.
interwebbist 1 year ago
@zach112393
Yeah so many people forget that there used to be quite a few parties. There even used to be a Democratic-Republican Party. The two party system sucks.
mrwrestler 1 year ago 4
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HOW ABOUT TAKING MONEY FROM THE CORPORATIONS FOR SS?
Ron Paul's plan will balance the budget in 3 years without raising taxes!
Social programs remain untouched as the BIG problems are resolved.
Government employees will be phased out as they quit/retire or moved to other jobs. Learn more at /watch?v=IQAHziV3HoM
vechorik 4 months ago
@zach112393
People get caught up in the Right vs. Left stuff so much. Stand for what you believe in not believe what your associated party believes in.
That was well said. Most people think we are in a democracy. It's a republic. Most people think Capitalism is at fault for many of the financial issues. In all reality it's the Fed. Most people think it's solely capitalism this country runs on. Most Americans don't actually participate in Capitalism. They participate in a free markt economy.
mrwrestler 1 year ago
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Sales of existing houses plunged by a record 27 percent in July as the effects of a government tax credit waned, showing a lack of jobs threatens to undermine the U.S. economic recovery.
Purchases plummeted to a 3.83 million annual pace, the lowest in a decade of record keeping and worse than the most pessimistic forecast of economists surveyed by Bloomberg News, figures from the National Association of Realtors showed today in Washington.
interwebbist 1 year ago
republicans do not have americas best interest at heart
ChocolateHD 1 year ago
@ChocolateHD that was the most ridiculously general/broad statement i have heard in a while. dont tell me you are one of those people who dont listen to political ideals, and shallowly judge people solely on whatever political party you label them with.
ejdatmacdotcom 1 year ago
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WARNING - This video by the Obama administration was created and distributed solely for the purpose of propaganda. So please, do not confuse our mindless drones with the real and honest facts about Obama and our administration, and how we are destroying America, as you once knew it.
We the Progressive Marxist Socialists thank you.
geofiles 1 year ago
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@zach112393 How long will the conservatives continue to wave the 'founding father's and constitution' in an attempt to fool the American people into thinking that they are on their side? Regulation keeps, the 'big dogs' and 'fat cats' honest. Without regulation, democracy will be just anarchy. Conservatives talk about fiscal responsibility only when it suits them. We did not hear anyone screaming for balancing the budget when we waged war on Iraq and gave tax cuts to the rich.
kash1958 1 year ago
@zach112393 How long will the conservatives continue to wave the 'founding father's and constitution' in an attempt to fool the American people into thinking that they are on their side? Regulation keeps, the 'big dogs' and 'fat cats' honest. Without regulation, democracy will be just anarchy. Conservatives talk about fiscal responsibility only when it suits them. We did not hear anyone screaming for balancing the budget when we waged war on Iraq and gave tax cuts to the rich.
kash1958 1 year ago
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VIDEOS:
"Obama DRUNK!"
"Birthers' Delight"
"Death Panels Explained"
"Look Out, Grandma!"
"Special Interest"
and more...
<<< at ObamaSnippetsDotCom
It's not political - It's just for fun...
ObamaSnippetsDotCom 1 year ago
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AutoStudent4Life 1 year ago
LOOK UP PHILLIP BERG AND HOW HE IS EXPOSING OBAMA WITH FAKE SOCIAL SECURITY NUMBER AND HE HAS SOCIAL SECURITY NUMBER OF SOMEONE WHO IS ALREADY DEAD.
mayra29501 1 year ago
LEX LUTHOR:
Why is Superman always around when there's trouble huh? Kind of a strange coincidence if you ask me! Maybe he's the REAL mastermind in all of this. I don't trust anyone not from my own country, let alone my own PLANET! DOWN WITH SUPERMAN!!! DOWN WITH SUPERMAN!!!
Bomb goes off....
SUPERMAN!!! HELP!!!!
crapageddon 1 year ago
It's like Superman just caught a train that drove off a cliff, and the people inside are mad that they spilled their drinks, and Lex Luthor is in there with them pushing that agenda.
Lex: "How SUPER is he if he's letting your drinks spill huh? Huh?!"
...all as Superman flies the train back to the tracks, saving everyones lives.
Lex: "You know he's not born on earth right? He's an ALIEN!!! from KRYPTON!!! Probably a COMMY Planet!!! How do we know SUPERMAN isn't the one who bombed the tracks?"
crapageddon 1 year ago
If we Privatize Social Security, Obaama can't steat from it to spread the wealth. You never tell the truth, no wonder the American people don't trust or believ you. You have turned into a joke, a clown, a FAILURE.
TheImpeacher 1 year ago
Obama has no history of stealing our money but the banks sure do. How is he a failure for not letting the nation crash into the next great depression? I can understand doubting him before he took office, but under 2 years in and everything is on the rise slowly but SURELY. An assurance we did not have in 2008 when it seemed like the end. The last Pres set the plane on fire, and Obama put out the fires and kept us from crashing. Now people are complaining that it's still smokey in the the cabin.
crapageddon 1 year ago
Thank you President Obama.
aldenbuzz 1 year ago
It makes you wonder why the GOP spends so much time attacking and trying to dismantle SS rather than promoting policies and programs that would immediately help Americans and our economy. The GOP obstructs and obfuscates while families lose jobs, incomes and their homes. There is only one rational conclusion, the Republican party doesn't care about the well being of average Americans, only in supporting the 'big dogs' who thrive in 'free market' anarchy.
sphygmu 1 year ago 9
@sphygmu Obama's the one who appointed an unaccountable panel to basically ensure cuts to social security. You can yell at the Republicans but ultimately it was Obama's doing.
MeketoaI 1 year ago
@sphygmu You are ridiculous, it is Obama that put together a commission to cut Social Security, look up.... In defense of Alan Simpson - Greenwald
Quit listening to sales and marketing dialog and start looking outside your box.
AgainstTheWind001 1 year ago
@sphygmu Only the Republican Party cares about keeping my job, house, and freedom. The democRATs only want to regulate, steal, impoverish, and kill people that work, have families, and love freedom. We are not better off now than 4 years ago. Only blood, poverty, death, pain and suffering follow ruthless Socialists rule like Obama's.
redbaroniii 8 months ago
((WOW)). I didn't know people as dumb as you actually existed. Boy was I wrong!
javie793 6 months ago
redbaroniii ((WOW)) I didn't know people as dumb as you actually still existed this day in age. Boy was I wrong! All I can say, from the bottom of my heart. Please read!!!!
javie793 6 months ago
@sphygmu-The reason is they see the benefits of all that SS money being dumped on Wall Street. The financial security of older U.S. citizens is not a thought in their mind. There is no doubt that they do not care about labor or the elderly This country has been going downhill since the election of Reagan and the future only looks worse. Nothing will ever change until voters see that conservatives are no friend of the average citizen.
urparanoia 8 months ago
Well said @sphygmu. Man, I finally found a smart person with some commonsense, and i've been looking for a while. Why are most americans so, well, dumb? Anyway, I am a proud american who wishes my country would defend me, instead of the corporation! Now, let's arm ourselves with knowledge, and go pick on dumb people!!! Maybe we can make a difference!
javie793 6 months ago
@javie793 -Imagine the small minded one day waking up to discover they are contributing to their own demise? Conservative must be getting a big chuckle when they see the very people they are taking advantage of supporting them. Most of the small minded have only one strategy-deny, deny, deny and they actually think their ignorance and repeating headlines without knowing substance is working for them. Nice to hear from someone who sees them for what the are.
urparanoia 6 months ago
@urparanoia You are right the left is exactly the type you describe. They are the most sheep minded people beliveving everything their masters tell them. You too are one of them that just mouths the same lies from CNN. I will not chucle when, and if the left finaly desroys America.
redbaroniii 6 months ago
@redbaroniii -Nice speech but if you look at my comments of the past you will see that much of what I have said has never been mentioned on CNN. And if it was the point is not where my info came from but if it is true or not. Your are free to refute anything I have said in the past. Looking forward to your doing so
urparanoia 6 months ago
liar!! all you do is lie, you really are the worst pres. ever. You should be impeached. I'd like to know how all this despair and change is working for people. impeach!!!!!!!!!!!
reallyPOd 1 year ago
Well, the president has a Conneticut social security by the name of Barry Sotereo, his real name. People wake up, look up, our president has a SS from a dead man in 1890
mayra29501 1 year ago
@mayra29501 I hope you are being sarcastic. Social Security began in 1937.
floridagrandpa 1 year ago
Weekly Address: Honoring Social Security, Not Privatizing It
August 20 ,2010 On the 75th anniversary of Social Security, President Obama promises to protect it from Republican leaders in Congress who have made privatization a key part of their agenda. He makes clear that, especially in light of the financial crisis, gambling Social Security on Wall Street makes no sense.
GOVERNMENT MORTGAGE RELIEF
1-800-270-2928
shortsale1000 1 year ago
There is a reason our economy is so horrible. I don't think our economy can ever really be healthy again given the debt we've racked up. And we will never handle our atrocious debt until we address our corrupt monetary system.
At the heart of this is the Federal Reserve.
Go to Youtube and search for "Our money is making us broke"
Watch this and pass it on.
preiify 1 year ago
VIDEO: Obama DRUNK at Town Hall!
<<< CLICK: ObamaSnippetsDotCom
Please help make this VIRAL!!!
ObamaSnippetsDotCom 1 year ago
the white house needs a colourist for their videos. Obama is purple.
sjamesvfx 1 year ago
F.D.Roosevelt: Lifetime of work, you can retire on SSI... if you live that long, which you shouldn't. (Maybe that's what we should do, like FDR: retirement at 85?)
bsabruzzo 1 year ago
fuck you obama you piece of shit lyer
niggasanders1 1 year ago
@niggasanders1 classy.
archetype1979 1 year ago
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@niggasanders1 classy.
archetype1979 1 year ago
1.08"Tied to the whims of stock market?" Uh, news flash Obama, Social Security is MORE risky than the stock market. My step-father died at 54. What happened that put into Social Security? It disappeared down a hole...100% loss of principle. Had it been in a privatized diversified portfolio he would have left it to family or charity of his choice. The silliness of Obama and others saying a person might choose the next Enron in the markets. For many, S.S. already IS the next Enron.
twoking10 1 year ago
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2012 Ron Paul 2012
AutoStudent4Life 1 year ago
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Ron Paul 2012
AutoStudent4Life 1 year ago
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2012 Ron Paul 2012
AutoStudent4Life 1 year ago
The two headed monster ( Republican + Democrat ). All of the political elite feel that anybody that needs Social Security is too poor and stupid to mater. Not to mention the U.S. government is bankrupt. Just tell the people who's jobs you shipped out of the country to work til there 75 years old? And in case nobody noticed, all companys now expect thier workers to work so hard that your dead by the time your 35 years old. Thats where the productivity gains came from.
workwillfreeyou 1 year ago
@workwillfreeyou The FEDs are NOT bankrupt, but will lead us to "old Europe" tax rates and debts. In fact, most upper income countries have LESS debt as a % of GDP than we do. The issue is that we must stop so we don't have to make the decisions that France will have to make, or Greece did. I concur on the problem, but you must have a sense of proportion.
Gyrode 1 year ago
In particular, we're delivering unprecedented resources to treat signature wounds of today's wars—Traumatic Brain Injury and Post-Traumatic Stress Disorder.
This was in a letter from the President Barack Obama. He thinks the treatment of those disorders unprecedented?!? This concerns me.
Copper4head 1 year ago
hooray!!! this is good news right?!?!?!
rucshboy 1 year ago
To all the liberal/democrats blindly following and believing every word obama speaks, things will become very clear for you in the first week of January when you receive your first paycheck of the new year, if you have a job. My guess is your reaction will be, "What the hell!" when its anywhere from 12% to 32% less than the week before with all the new and higher taxes coming. You can continue to blame Republicans to distract from the truth but your great awakening is coming!
dantheleo 1 year ago
Obama has shot himself in the foot.
He's done his own Sarah Palin death panel whopper. Everyone read FactCheck and Glenn Greenwald from Salon. They've debunked Obama's false claim about privatizing social security. We need health care and social security reform but fear mongering is not something we need. Just because the Obama says it doesn't mean its true.
GovernmentSham912 1 year ago
I am a life long Democrat. My message is simple. Make the tax payer paid Social Security Trust Fund whole. Pay 85% American Tax Payers real interest due on Social Security Trust Fund. Government workers need to paid for their pensions, if SSA is made private, they need to account for contributions and interest due. No more raiding Private Citizens trust fund for Government workers whos paid not taxes for their own pension! CLEAN UP THE ACCOUNTING!
myHome109 1 year ago
@myHome109 I am confused. The SS system is an old age subsidy system, there is no relation to a trust, pension, or annuity. The fed workers have their own Pension system, which is not a subsidy system. Even if you believe old age subsidy is the best way for "security," the "trust" is already spent on the general fund.
Gyrode 1 year ago
The issue is not the tax payers didn't pay taxes. The major issue is the 15% government workers who've made "ZERO" tax contribution towards their pensions, increase the pension via cost of living increase, increase tied to increase in salary, increase tied to family benefits, etc; ...then to add insult to injury Government (who paid no tax) raise more tax to cover interest due to tax payers. Government workers are retired at 55 (paid no taxes), tax payers have to wait until 65. Discrimination!
myHome109 1 year ago
4) The accounting standards used by Obama in Congess and WH boarderline criminal fraud when looking at SSA Trust fund. These forecast for SSA at available at SSA gov, CBO gov, OCC Treas gov, GAO gov. To raid the SSA trust fund with all these information available amount to premeditated accounting fraud with intent and malice to commit financial fraud against 85% American Tax Payers! I am a life long Democrat, let’s talk about SSA.
myHome109 1 year ago
3) Social Security should be privatized because 85% American paid taxes need to be made whole. To prevent the 15% public (Government Employees), with government mismanaged their pensions and contribute “ZERO” toward their pensions from raiding our trust fund with fraud accounting. Privatization would force Government to clean up it’s accounting and pay real interest to 85% of Americans. American can elect to purchase Treasury Bonds and get real interest paids!
myHome109 1 year ago
I am a life long Democrats. Let’s talk about Social Security. 1) Everyone knows the accounting at SSA borderline criminal fraud by Congress and WH. Read GASB – Government Accounting Standards Board report on PUBLIC (Government Employees) pension, risk assessment difficult because of accounting irregularities. 2) Obama was in Congress 6 yrs and President for 2 yrs, every year for 8 yrs he has raided the SSA trust fund to pay for his debt!
myHome109 1 year ago
Social Security is a good thing, but why are people receiving benefits who do not need it?? My wife does taxes for this man who is 63 years old. He gets a $3,200 a month pension, has more than a $400,000 IRA, AND draws about $2,000 a month in Social Security!!!! This man should not be receiving even one dime of SS!!!! The government needs to be giving the money to someone who needs it for their survival!! The money should be given to the poor!!!! Not some rich dude!!!!
groundhog2008 1 year ago
I am glad that our President is telling it like it is, how repubs are wanting to privatize Social Security, and then gamble it on Wall Street!! If Americans are smart, they will realize that Democrats work for the poor and middle class. Repubs only work for expanding the prosperity of wealthy white Americans!!
groundhog2008 1 year ago
Are you going to Glenn Beck's 828 Restoring Honor event next weekend? Can you believe 828 is right around the corner? Beck's event is about Restoring Honor and is not supposed to be political or a tea party
geofiles 1 year ago
Are You Going to DC Next Week? Have You Seen the Latest Slush Fund?
Dear Fellow Patriots,
Another slush fund created with your money. Does this surprise you? Unfortunately it is business as usual for those elected officials in Washington. We have to teach them the 3 R's: Repeal, Reduce, Restore.
geofiles 1 year ago
Just last week the Obama administration signed another bailout into law. It was a $26 billion bailout, with $10 billion supposedly saving teacher's jobs that were never on the chopping block. Out of that $10 billion, about $40 million will go directly to the teacher's unions - just in time for the elections. Much of this money was "paid for" by dipping into the funding for food stamps - ironic since they always accuse us of wanting to "starve the children."
geofiles 1 year ago
Now they want to cut** another $8 billion from the food stamps fund to pay for a child nutrition bill that is at the center of Michelle Obama's "Let's Move" Initiative. The First Lady's initiative is a massive financial boon to the SEIU (again, just in time for the November elections...). It creates goodies like a "Food Service Management Institute" and "an open-ended green cafeterias pilot program" through a reauthorization of legislation from Lyndon Johnson's Big Government agenda.
geofiles 1 year ago
There are 400,000 workers who prepare and serve lunch to kids in the US and the SEIU represents tens of thousands of them. They now want to use this money to hire and unionize more employees by creating year-round breakfasts, lunches,and dinners for kids as well as beefing up their pay and benefits packages, all paid for by us. Whatever happened to parents making sure their kids are fed??
geofiles 1 year ago
Big Labor already has a lot of money, and now because of these two new bills, they'll have tens of millions more to use for November. Tea Party Patriots is fighting hard to stop the spending and to stop the runaway growth of government, including public employees and their unions, but we can't do it without you.
geofiles 1 year ago
**Nancy Pelosi frequently uses the food stamp fund as her go-to fund to "cut" in order to abide by the PayGo rule. However, these "cuts" are scheduled to take place in the future and they know these cuts will never actually be made.
geofiles 1 year ago
Let them gamble it instead on Main Street?
bumshka21 1 year ago
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FireThunderTV 1 year ago
Praying or you, your family and congress every day.May God bless, guide and protect you.God is in control."God is good.No one would be in office unless God put him there!"Helen Doyle, my mother-in-law,86 years old.
ldoyle1043 1 year ago
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ldoyle1043:
"hail barry sent from space
the banks are with thee
gifted are you among con men
and damned is the fruit of thy tomb
holy barry seller of fraud
master of deception
now and at the hour
of collapse
amen"
FireThunderTV 1 year ago
@1911arthur Democrats set the age at 65 because that was the life expectancy age at the time. Now life expectancy is average 77 so raising the age limits is keeping up with the times. We may not like it but SS is broken. People need to save for their own retirement. I was always taught to put 10% away every week into a retirement fund or IRA. If you do that for 30 years you will have 3 times at the least what SS pays you.
quizerry 1 year ago
@drizztmay We are not in the red this year. Some of the interest that Social Security gets from it's treasury bond holdings is being tap , no principle. It is projected that as we leave this recession that for a few more years we will take in more than the out go. Social Security has never contribute to the deficit. I want to slay the deficit dragon too but Social Security is not it.Many governments,companies and individuals own U.S. debt. It is not junk .
floridagrandpa 1 year ago
We should view Social Security as insurance! Just because a person pays into it, does not mean that they should get it if they have savings they can draw on!!!!
groundhog2008 1 year ago
If our government wants to save money, they need to stop these retirees from receiving benefits who are already receiving money from other sources!! And, we have the radical republican party that is wanting to gamble away our SS. Social Security would have been a whole lot better off today if the government would police who gets it, and when!! Most important of all, it should only go to those who are in need!!!!
groundhog2008 1 year ago
@groundhog2008 Only go to those in need? Sorry but it was set up that we are all equal and all who pay into it will get back their investment. That was the Dems that made that promise.
quizerry 1 year ago
@quizerry Times are changing, and money is short! Changes need to be made in the way SS is distributed! The money should go to thos who dont have pensions, and investments to draw from! I believe our government leaders need to decide who gets it, and when! If they do the common sense approach, they will give it to the poor who have no retirement savings!!
groundhog2008 1 year ago
@groundhog2008 So you don't believe every citizen should be treated equally. You think we should take from those who work hard, invest and save and give it to those who don't. You believe if someone is successful they should pay. Government should be able to take your money you worked hard for. Move to Cuba and see how well that works.
quizerry 1 year ago
This has been flagged as spam show
Social Security is a good thing, but why are people receiving benefits who do not need it?? My wife does taxes for this man who is 63 years old. He gets a $3,200 a month pension, has more than a $400,000 IRA, AND draws about $2,000 a month in Social Security!!!! This man should not be receiving even one dime of SS!!!! The government needs to be giving the money to someone who needs it for their survival!! The money should be given to the poor!!!! Not some rich dude!!!!
groundhog2008 1 year ago
This weekly address is very controversal and will be a big debate in the congress.
On one hand, President Obama is correct. We must ensure that elderly should enjoy retirement life with dignity, respect and secured. The quality of elderly life should not be put on the "gambling table" of Wall Street.
On the other hand, the amount received by elderly will be much less if social security is not privatized and linked with the investment. Government budget will be more tighten.
(continue)
applesweeter 1 year ago
@applesweeter Only poor elderly should be eligible to receive SS!!!! Just because a person reaches retirement age, does not mean they should automatically get SS!!!!
groundhog2008 1 year ago
(continued)
In my opinion, I think that social security should never be privatized and should not be gambled on Wall Street. If people want to retire with more money, they may invest partically their own salary on Wall Street in their own, without involving the social security fund from the US government.
What do you think?
applesweeter 1 year ago
Comment removed
applesweeter 1 year ago
Santeerezguy......Come back when you can speak English and have a more informed idea as to what you are "talking" about.
k888j 1 year ago
president obama could b alien for all we kno. and tha kind of alien im talkin about iz tha 1s where they're not from this world but out of space from som where from tha galaxy. and i kno u ppl think im crazy but if u all say im crazy then that means all of u human beings r crazy in both wayz and crazy fo electing n choosing Obama as president
Santeerezguy 1 year ago
president so called Mr.Obama aint from tha US and he wounldn't show his birth certificate so that means that hes not from here and he probably doesn't even hav a birth certificate. for all we kno and i kno this may sound crazy but president Obama may not b from our world we call earth, hell he could b from out som where from tha galaxy fo all we kno but i kno this info may sound crazy but u never kno tho?
Santeerezguy 1 year ago
i dont care for president obama and also i bet that tha rest of tha ppl all around tha US dont like him either so president Barrack Hussein Obama should be removed out of office whether anyone likes tha idea or not. bc in reality look around ppl look at wat obama iz doing to our economy. hell i doubt if he iz an true american!
Santeerezguy 1 year ago
I don't see how tinkering with SS can be a winning issue for Republicans. It didn't work for Bush and it won't work now either. I think that many conservatives mistakenly think they have the majority on their side and are getting sloppy in their thinking - many issues. The majority is not with them. They may be mad at Obama now but they will be even more angry at Republicans.
gormleyb3 1 year ago
@gormleyb3 If memory serves,your namesake got fired by Admiral Nimitz and replaced by Admiral Halsey at Guadalcanal for making just that kind of erroneous assumption
Armigerous 1 year ago
John Bolton is a CRIMINAL and a TRAITOR to the United States.
Instead of sacrificing 1000s' of American troops in the Middle East for SCUM like John Bolton, why doesn't the U.S. Military just turn on the PNAC scum that got us into this mess in the first place?
John Boltons' recent outspokeness PROVES beyond a shadow of a doubt he is an American TRAITOR.
watch?v=egqqCYSfV2k
NookulerFreedom 1 year ago
A significant amount of Americans are out of work, and some have been for nearly 99 weeks. On the other hand, those recieving benefits aren't missing a beat. Wal-Mart will hire you to sit in a chair and greet people. I know thats what most of us younger cats will have to be doing if we don't figure out a way to take care of our own retirement. Has anyone ever heard of a pyramid scheme? Seriously, people have been arrested for doing this stuff.
smwebster2 1 year ago
Wolfman,
SSI is out of money! There isn't anything left in the till. As far as "social security" the only people worthy of such a thing would be combat veterans. Unless you have actually done something for your country I don't want to hear a response from you. Isn't it enough that I put my life on the line for you. Now you want my money too?
smwebster2 1 year ago
@smwebster2 you would rather watch your fellow man suffer then to lend a helping had, you would give your life for him but you cant give him some change out of your pocket? What a wonderful world.
DallasCowboyBrothers 1 year ago
he forget to say god bless america
XXJATT56XX 1 year ago
@XXJATT56XX why not god bless this world? because this world needs a lot of it
DallasCowboyBrothers 1 year ago
how does a lazy fata$s who doesn't work in order to avoid child support for 5 children, lay around the house and does nothing all day, still get disability and medicaid? f*cken don't get it, you can explain it to me until the end of time, i still won't get it
georgeyaj 1 year ago
my 3 retirement plans do not include SS, of course, it probably wont be around
georgeyaj 1 year ago
communist security
georgeyaj 1 year ago
Privatize the office of the President of United States. So we can fire Barack Obama for gross incompetence.
saper321 1 year ago
well, if i do, then f*ck me!!!!
georgeyaj 1 year ago
screw social security... good way to steal from us. let me save my own money dammit
georgeyaj 1 year ago
Obama you should know that with baby boomers retiring Social Security income will not be able to cover the obligaitons starting this year. And you should well know that you democrats are making things worse by propping up companies with empty bailout funds that will cause hyperinflation if not stopped, you crictize companies and how evil they are but yet you bail them out. Social Security and every other social program has caused Americans to lazy and uncompitive.
ChancellorRW 1 year ago
screw social security... let me save my own money dammit
georgeyaj 1 year ago
@georgeyaj
no we won't allow you because we know you'd blow it all on a pick up truck or beef jerkey you red neck.
FrumpyShakes 1 year ago
@FrumpyShakes
well then f*ck me milkshake, that's life
georgeyaj 1 year ago
Too bad the value of the American dollar is going to be that of the peso soon
Kuewt 1 year ago
Screw SSI my father had a Triple Bypass and was under doctors orders to not work, SSI said he was able too and as a result, he died penniless. Yet some fat woman can have a 10 foot wide butt, claim genetic disorder and get SSI for disability.
ThreeCatsScratching 1 year ago
I think we all have had enough of this USELESS loser spitting out big empty words! Mr. Obama, we don't need to be lectured to. We need to be heard instead! Start listening to the people you lead instead of prioritizing your own political agenda.
bradleycpttd 1 year ago
Privatization of Social Security is a flat out bad idea. The Stock market has always been a gambling house and you can't trust a broker that has an incentive to steer you to big commissions ,fees ,and risk. Keep Social Security Secure.
1960watchit 1 year ago
@boogrlz54 I too fear SS won't be there. That is, if Republicans have their way there will be no more social security. Talk about death paneling Granny!
sphygmu 1 year ago 12
Obama has shot himself in the foot.
He's done his own Sarah Palin death panel whopper. Everyone read FactCheck and Glenn Greenwald from Salon. They've debunked Obama's false claim about privatizing social security. We need health care and social security reform but fear mongering is not something we need. Just because the Obama says it doesn't mean its true.
GovernmentSham912 1 year ago
@sphygmu "I too fear SS won't be there." You FEAR SS won't be there? It's already gone! It has been spent on the general fund already. SS is a pseudo "Pension" old age subsidy system with double to triple leveraged treasury securities! The issue is that ALL of these pieces of paper are leveraged! There is no capital, or base of money!
Gyrode 1 year ago
@sphygmu Irony is that FDR only wanted SSI (note the I, for insurance not entitlement) for those who had no money and lived past the average age (SSI kicked in at 65, average age of death was 58-60). The disabled were a second catagory, but included those who couldn't earn a living (today you can be quadraplegic and still make 6 figures).
Maybe a means and age test should be applied and we should encourage those who can earn money to work and save rather than spend like the Fed. Gov't?
bsabruzzo 1 year ago
I@Unintimidatedspeech No, the people who waste their time on Youtube watching this, are fat republiucan fanatics who blindly follow an imaginary person in the clouds, deny obvious facts, and continue their red neck ways despite a changing world that needs NORMAL people to survive.
Kahruzorz 1 year ago
"Honor Social Security"? Why it's a miserable failure.
When FDR signed it into law the law said they will take out 3% of your paycheck to pay for it after 1948, it's now 6.6%. And they don't even save your money, they spend it on retirees now, it's exactly like a Ponzi scheme.
If your grandparents' money had been put in the stock market instead of SS, even with the recent downturn they would have hundreds of thousands of dollars more than they do. 1990 Dow 2400, today 10,000. Up 400%!
RuflessRecords 1 year ago
Comment removed
sphygmu 1 year ago
@sphygmu no that isn't how the Dow works, it's based on 30 big companies which change periodically, the total # of businesses is irrelevant to the DJIA. Including the downturn you refer to and I already did, investing in the stock market would have made your grandparents hundreds of thousands more dollars for their retirement than the current crap govt system. We're down 4,000 Dow pts since 2007--but we're still 500% higher than we were in 1989 when it was at 2,000.
RuflessRecords 1 year ago
@RuflessRecords When adjusted for inflation the Dow has increased a paltry 1.64% each year. You'd be better off just paying into SS.
sphygmu 1 year ago
@sphygmu no it's averaged about 10-12% every year for the last 70-80 years, it's probably closer to 10% after the recent downturn, adjusted for inflation 6% ish. You would be vastly, vastly, vastly better off having had your money in the stock market let's say 1980 through today, then the current crap system. Your parents, grandparents would have double or more the size of SS checks they get today.
RuflessRecords 1 year ago
@sphygmu just ran the 1989 2000 pt Dow adjusted for inflation for today numbers and it would be 4,929 if we'd only averaged 4% since then, even factoring in that we've dropped from 14,000 in 2007 to 10,000 today, we're still double the inflation rate, even pegging inflation at a high 4%, in the last 21 years.
RuflessRecords 1 year ago
It's too bad that in these economically troubled times, the Republican party would rather focus on a Mosque in NYC than in actually helping the unemployed or the economy as a whole. The GOP is intellectually bankrupt and seems to think obstructing progress somehow means they're doing a good job. They promote the removal of our societies greatest humanitarian achievement: the protection of our elderly, i.e. those who worked their entire lives to make America a better place. Free market=anarchy.
sphygmu 1 year ago 44
@sphygmu Pres Bush attempted to privatize a portion of SS in 2005. The Repubs didn't even allow the idea to get out of Committee. Yes, there has been talk of reform in SS by Repubs, but if they don't even bring up the idea, who will?Come Dec, Obama's Financial Reform Team is going to come back with recommendations, and one of them will be reforming SS. The USA/SS cannot continue to pay out more than they take in, like they did this year. It was not Repubs idea to take $500 bill out of MediCare.
dmpstrdivr 1 year ago
@dmpstrdivr It's a myth that SS is paying out more than it takes in. At current economic levels that won't happen until something like 2042. AND if the economy improves that won't happen at all. Alternatively the 100k cap could be removed and the problem that isn't really a problem goes away forever.
sphygmu 1 year ago
@sphygmu Aug. 5, 2010. It's official: Social Security will reach its tipping point this year.
For the first time in nearly 30 years, the system will pay out more benefits than it receives in payroll taxes both this year and next, the government officials who oversee Social Security said on Thursday.
There are several sites that back me up. Not hard to find. Took me a second to find the above.
dmpstrdivr 1 year ago
@dmpstrdivr
"The financial outlook for Social Security is little changed from last year. The short term outlook is worsened by a deeper recession than was projected last year, but the overall 75-year outlook is nevertheless somewhat improved(...)"
This is from the social security trustees 2010.
5th paragraph.
ssa(dot)gov/OACT/TRSUM/index(dot)html
6th paragraph.
"Social Security expenditures are expected to exceed tax receipts this year for the first time since 1983."
InterntzTrollerinz 1 year ago
@InterntzTrollerinz Obama and his Economic Advisers stated that unless the Stimulus Package was passed, the employment rate will go above 8%. That turned out to be a big joke. Health Care cost estimates turned out to be wrong. On and On. You can listen to projections all you want, but they do not always come out the way the Big Wigs promise they will. JOBS<JOBS<JOBS!!!!!!!
dmpstrdivr 1 year ago
@dmpstrdivr
6th paragraph.
"This deficit is expected to shrink substantially for 2011 and to return to small surpluses for years 2012-2014 due to the improving economy. After 2014 deficits are expected to grow rapidly as the baby boom generation’s retirement causes the number of beneficiaries to grow substantially more rapidly than the number of covered workers(...)"
Social Security is not dieing.
InterntzTrollerinz 1 year ago
@InterntzTrollerinz Obama/Congress didn't even bother to make a budget this year. Their proposed Budget for next year will be $3.8 trillion. How in the heck do you see the Deficits being reduced? I know Obama says so, but that does not make it true. The USA is borrowing 41 cents for every dollar spent. O has shut down deep water drilling in the Gulf, and elsewhere, causing a huge loss of income plus we will have to import more oil. Do you ever pick up a business paper? Follow the Stock Market?
dmpstrdivr 1 year ago
@sphygmu I respect the practice of all religions and the different aspects of them, but the building of a Mosque is almost a slap to the face, on Ground Zero of all places, instead of them pointing fingers at us telling us to respect their religion, they should first should acknowledge and respect the fact that over three thousand Americans died there.
truvenlol 1 year ago
@truvenlol The proposed mosque has nothing to do with ground zero. It would be several blocks away in a privately owned skyscraper. There is NO CONNECTION toy to the attacks of 9/11 either philosophically or geographically.
sphygmu 1 year ago
@truvenlol There is no connection between the Islamic faith and the attacks of 9/11. Period.
sphygmu 1 year ago
This has been flagged as spam show
sphygmu: If you think free market=anarchy, then you're a Nazi pig just like your messiah Obama and just as anti-American as he is!
"hail barry sent from space
the banks are with thee
gifted are you among con men
and damned is the fruit of thy tomb
holy barry seller of fraud
master of deception
now and at the hour
of collapse
amen"
FireThunderTV 1 year ago
@sphygmu They are focused on cutting government spending and taxes. Not SS. Go to you cut Eric Cantor and see.
quizerry 1 year ago
@sphygmu The report Obama is talking about is thoroughly hedged. It is based on the idea that Obamacare will make the HC sector more efficient. But we all know the bigger Government programs get the less efficient they are because of waste fraud and abuse. The report even state achieving this objective could prove difficult and if it doesn't work actual cost would be much higher then projected. Hopefully the bill will be found to be unconstitutional.
quizerry 1 year ago
@sphygmu how does a free market solely become anarchy? It doesn't! Unless you are an anarchist, most people are NOT anarchists. A free market means that two consenting parties are able to make their own terms on a transaction free of government interference as long as there are no significant third party effects.
Gyrode 1 year ago
I agree with Obama. Obviously. I'm 47 and on SSI disability. it's the govt's job, not some wall st idiots.
WolfmanMusic 1 year ago 5
@WolfmanMusic the "wall street idiots" should be allowed to invest our SS money in exchange for 10% of the profits they make with it, they should get no fees and nothing at all if they don't make returns on it. If they do they get 10%. If someone's 100K in SS payments in 1989 had been put in a Dow Index stock today it would be worth $500,000. The govt gets us nothing for our investment, the stock market even with downturns would make us all better off. This program is dung.
RuflessRecords 1 year ago
@WolfmanMusic
I do not think that putting social security fund on the "gambling table" of Wall Street will be a moral thing to do so.
applesweeter 1 year ago
@WolfmanMusic
Personally, I observed how elderly people in Hong Kong invest on stock maket with all their life saving, and then loss all their money in one evening.
Pension and retrement fund should be secured and should never put on gambling table of financial investment.
applesweeter 1 year ago
@pinjinge Cenk is a smart guy and I can support some of his opinions, but he is a mouth piece for George Soro's who funds and promotes him.
airborne373 1 year ago
It turns out that the uber-rich have found something to do with the tax cuts Bush gave them; They spend the money on lobbyists and bribing public officials to eliminate Social Security. Too much money is the Devils workshop. Let's get that money back into the economy. Call your representatives and let them know it's time to return to sane tax policy. Let the Bush tax cuts expire.
DojoNDude 1 year ago
@DojoNDude Please send the same message to the Unions.
dmpstrdivr 1 year ago
The sooner this "Professional Reader" is out of here the better off we will be!!
ksgolfer8 1 year ago
or die!
Learn2FightNow 1 year ago
Good Grief, BHO, what's next? Are you going to tell little kids that if the Big O'l Bad Red Guys get their way, they will kill all baby kittens and puppies?
dmpstrdivr 1 year ago
Thank you Mr. President for addressing the statements from the Far Right about ending this vital service available to all Americans. It astounds me about the degree to which certain people believe that the freedoms and privileges they enjoy do not have to be invested in. America, even on our worst day, is still the best economy, nation, military presence, and source of innovation in the world far and above any other country.
morneque 1 year ago
@pinjinge I swear, Cenk is becoming more and more libertarian leaning - but he's a Noam Chomsky leaning libertarian. But heck, I'm proud Cenk is waking up.
noyouaintgettingit 1 year ago
This has been flagged as spam show
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dxddxdxdxxxxdxddddxd 1 year ago
Neoconservatism is FUCKING DEAD!
Watch this people, you'll love it!
godlikeproductions . com/forum1/message1162471/pg2
NookulerFreedom 1 year ago
@drizztmay :You must be referring to Social Security.The boomer generation in the early eighties started to pre-fund their retirement while paying for their parents and grandparents retirement.That is why there is a surplus in Social Security.The plan was to tap into that as boomers retired.There is a slight funding deficit about 35 years out which will need a minor adjustment.Right now Social Security is a large pot of money that special interest are ogling.We must not let them destroy it.
floridagrandpa 1 year ago
@jesperbech There is nothing biblical about the government stealing our money to spend as they wish. It is biblical for us to give and to be charitable. You must not understand the difference.
Unintimidatedspeech 1 year ago
Barokeydoke Hubris Obozo:....Darth Nigga or Potemkin Pickaninny?
Armigerous 1 year ago
@jesperbech You should read the bible again. Jesus told us to give. He told us to help the poor. He said it is more blessed to give than to receive. The government taking our money is not us giving. If you look at the statistics red states give far more to charity than blue states. We want to give to help people we don't want the government taking from us to spend as they see fit!
Unintimidatedspeech 1 year ago
Do you libs want the caps removed on social security payments removed also for the rich? Something tells me, the answer is noooooo!!!