omg if u listen he does say the things u love the children and the porn whats he thinking and why not cut these people on welfare hhhhmmmm the ones that don't need it and can work cut that it would save billions and cut these girls 11 12 13 years old having babys not old enought to get a job so guess what welfare pays for it no if they are getting pregnant at 11 12 13 that means there parents aren't doing there job so why dont they cut them off welfare its bull no take away form the working
Great idea... work old people to death so young people can't get jobs.
Then compete with this angle internationally causing other countries to do the same to keep up with the nastiness...
thus everybody gets a shit life and the economic advantage of stolen pensions completely evaporates as the playing field becomes another example of how stupid and nasty capitalism is.. while all the time raking in $ for the bankers.. who also stole the pension money in the first place.
BORROW money to pay a DEBT??? Does this make sense to anyone? And the loans from the IMF have to be paid back with INTEREST. THat means the countries that get an IMF loan will actually be more in debt. God help us this is insanity.
let's raise tax on the rich to 95% since they control 95% of the wealth. that will cut 95% of the debt. Bill Gates has $56 billions in wealth. take $50 billions of that and he is still billionaire.
Ohhh, so glad the hopey/changey president is keeping the same old elite gasbags front and center! They got theirs, the rest of us are on our own. A whole lot of people were bamboozled by 0's marketing. The rest of us saw it coming but couldn't stop it. We're pretty screwed.
Japan's debt to GDP ratio is far higher than the American one yet its interest rates are low. The IMF just the other day threatened Japan yet again, though this state of affairs has continued for over a decade! This is just gangsterism. Peterson describes the way of things should he succeed in his evil plans.
This news story was decently told, but people continue to not look for the root of the problem. I hear all the time, "WE NEED TO MAKE DRASTIC CHANGES OR THE ECNOMY WILL CRASH!" and they never give us solutions. They just keep saying it's coming and that something has to be done, but nothing gets done. If anything is done, it makes the country worse like the new healthcare system. It's a good idea, but a horrible plan. The root of the problem is national banks that control the money supply
@SignalLost730 There's two simple things that would fix this. A commodity backed currency. (You can't inflate and give yourself more money whenever you like.) Criminal charges on politicians who do not pay back the same amount of money they borrowed by the end of their term. Without inflation and borrowing there's only taxation.
You reach a middle-ground pretty easily with taxation as the people have to decide if they want something bad enough to be taxed harshly for it.
@sirellyn You're right. But the problem with backing the dollar is that it used to be backed by gold. You probably know the answer to this, but why isn't it backed any more by gold? Because the Federal Reserve Act was passed in 1913, which gave the US "national" bank the power over the dollar. "Permit me to issue and control the money of the nation and I care not who makes its laws. - Mayer Amsched Rothchild, a prominent European banker in the eighteenth century". There is no simple fix for this
@sirellyn my point is that the people in power won't bring back a commodity-backed currency. criminal charges to politicians are off the table as of right now because the system is run by them. increased taxation of the people only leads to more hardship and an even more crippled economy because no one is buying as much and we can't even get enough revenue to break even without going into more debt. In my opinion, THEY WANT THIS. There is no recovery coming unless the American people want it
@sirellyn and by "want it" i mean they have to get off their fat, dumb asses and learn a thing or two about how and why they are getting bent over and raped every moment of every single day of their allowances, of their fortune, by white collar criminals that destroy nations, start wars, and treat the Earth as their whore. These people that run the world are nothing less than brilliant psychopaths who care not for anything or anyone but their own game to achieve world power. sorry toramblesomuch
@sirellyn you countered what i said in 1500 words with a post of 15 words..
It's funny, I just finished watching today all 3 Lord of The Rings movies. After watching them again since when they first came out, I realized there are so many parallels to our world that are shown in that movie. It showed me that even when things are their darkest, and all the good in the world seems gone, I can remember that Good is going to win, and it eases me to know that everything is going to be okay in the end
Most of these crooks like Rubin and Greenspan can't see past their own mistakes so how can they admit to a problem? It would be admitting their part in creating the crisis.
The only reason that the day of reconning was pushed out 20 years was due to China, Saudi and Japan buying the debt.
The Social Security surplus is a falacy, that money isn't in a lockbox somewhere it was already spent. It's gone, only IOUs are left.
Greece has a budget deficit of 13.6 percent. ours is 10.6 percent
Greece has a public debt of 113 percent of GDP.
Under President Obamas budget, debt held by the public would grow from $7.5 trillion (53 percent of GDP) at the end of 2009 to $20.3 trillion (90 percent of GDP) at the end of 2020. It could rise to 215 percent of GDP in 30 years. Welcome to Greece.
Considering that you pay into SS until you are eligible, and you get paid back based on what you paid in, I wouldn't call it an "entitlement"; unless your a criminal like a Barry Soetoro. They're all in violation of the Logan Act and 'high crimes" against the country. "END THE WARS" you lying f*cktards.
@bigc028282 The elite who go to, and are behind, The Bilderberg Group have set this all up from the start. This crap started long before NAFTA, and we knew then that it was all BS. "They" are burning America down for the "global governance" and "world economy/currency" that is now FACT even in mainstream media. Last month its was 260,000 new jobs with 60,000 in temp jobs. They forgot to tell us about the 1.8 million FIRST TIME unemployment claims filed. I CALL BS on it all.
@bigc028282 oh yeah and you know almost all of those created jobs are government ones. they're centralizing the fed. wow a centralized government and no ability for citizens to feed their family and gain wealth? sounds like a plan. we'll all be making mud pies to eat 3 meals a day while the people in power steal tax payer money - THIS NATION'S WEALTH - like a vacuum sucking up everything so that only vulture's are left. FUCK. THEM.
@bigc028282 The SS crisis is NOW. It is official that this year it will pay out more then it takes in in tax revenues. The crisis is now, since the vaunted trust fund is filled with non-recourse government bondsessentially worthless pieces of paper.
In the next Ten years as the "baby boomers" retire and collect their SS benefits. SS will run in the red of unfunded liability est in the trillions. Taxes on the young would have to double just to keep up.
greenspan, stahl, rubin, clinton, obama et al in the same room 'discussing' the future of the federal deficit and seeding the echo chamber adds up to this:
These billionaires would like nothing better than to privatize Social Security, so that Wall Street Gamblers can get their hands on it. Social Security was put into place BECAUSE of the stock market crash in the first place. Stop funding the wars, and you'll see these deficits decreasing.
@55ella2007k If you really think if we pulled out of Iraq and Afghanistan and then the deficit will decrease then you are going to get a reality check real quick real soon.
@55ella2007k I think all the complaints boil down to the Government and Congress not doing their job to protect our interest and our money. You think wall street is bad. You need to look at all the IOU's (worthless pcs of paper) where congress borrowed from your SS fund and spent your money on frivolous pet projects, hundreds of them like a cowgirl museum in Texas. Don't forget the Government is a billionaire also using "your" money to gamble with. And 9 times out of ten you get no return.
Yes, we need less social security and more oligarchs so that cash can trickle down into the system, cos oligarchs just love going shopping (or at least their bitches do). The super rich need to expand otherwise they run out of golf partners and the rest of us must fight for jobs as caddies.
I bet most here are pretty pissed off you are forced to pay tax for which a large portion goes to fund wars you are completely against. You've tried voting different, petitioning etc, but no one listens. Some get so mad that they refuse to pay that portion of their taxes, feeling that's the only way they can stop paying to have foreign people killed.
Its common for people to want to help the US debt without funding the government madness.
You don't get too much of a choice though do you?
HOW ABOUT THE FUCKING WAR! how about instead of cutting the 'services' and 'benefits' given to thsoe taxed, you end the fucking WAR that wasted more than a million dollars a DAY, and which is the greatest leak of money there is in the governmental system! so predictable, they r gonna fk us and the middle east at the same time, while they blame us for the debt, and them for the ' immorality' bull shit.
Thank you AARP for putting this socialist community organizer into the most important affirmative action job in history ! Here's your thanks, say good bye to Soc. Sec. And don't hold your breath for Medicaid/Medicare.
If we cut wasteful defense spending and stopped ramping up the prison planet mentality in this country we'd have money to lift everyone out of this funk that I hate to say...capitalism & imperialism have cast upon our planet. I'm all for making money, but at what cost?
Like 1000+ military bases and wars that cost trillions of dollars? Like the subsidization of corporate america in terms of subsidies on the scale of billions?
Why do they always talk about cutting Soc. Security, Medicare and other government services to people while expanding the Military Budget and spending more money on never ending war?!?
Thanks R.N., The answer is simple. Stop importing good and workers. Stop the imperial conquering of the plantant. How about a dose of truth. Something must actually be produced to generate the wealth to pay your bills.
Why is a lickspittle mediocrity like Greenspan still consulted for his opinion? Oh, that's right, because all the other power players were just as wrong as he was - or rather, just as criminally culpable.
The part that really really get my blood to a boil is hearing the tea-baggers whine that Obama is a "Communist Marxist etc."
Go ahead, be mad at Obama (I for one am livid about his offshore-drilling policy among others), but be mad for the right reasons!
Is amazing how good Freedomworks and AFP is at taking peoples rightful indignation, turning the facts on their head and then ALWAYS blame government regulation!
WTF? 50% of Americans have got to be the most ignorant people on earth to believe anything that comes out of this sad excuse for a human beings mouth. Good grief !
Funny how Obama acts like he has nothing to do with the size of the USA national debt. The debt of the USA has been intentionally run up so that the banksters have the tool to manipulate and remake the country into something more usable for them.
A debt crisis?.....try pulling out Iraq for a start. oh, while your at it...think about going after bosses that pay their illegals/ legals off the books...you might rethink raising taxes.
A country is only worth something if it's citizens produce and save. When more retirees collect Social Security it will just add to the final bubble THE MONEY BUBBLE! Hyperinflation Tsunami! Buy Gold/Silver/Food/Water Filters/Tangible items. Ron & Rand Paul. End the world Fiat Fractional Reserve Deception!!!
We need some Austrian Sound money economists here. Social Security is GONE do you honestly believe there is a little piggy bank that has been collecting interest from the Social Security deposits. It is ALL Fiat (Money created out of nothing)! Everytime there is one less paycheck (Globalization sent overseas and outsourced) or lower paying jobs (the norm for the future) it has to be made up with Fiat wealth.
Obama's austerity will occur when his administration will need to reduce spending (Obamacare) and/or increases user fees (taxes, VAT) to pay back creditors. Obama's Austerity will be required when Obama's fiscal deficit spending is felt to be unsustainable. Look at Greece right now and you see Obama's America. Sheeple and Zombies better strat waking up.
Thanks Real News, The Ronald Reagan International Trade Center? Wasn't Ronald Reagan and his buddy Milton the frontiersman in this perverted global capitalist nightmare? Where freedom for the corporate elite means shipping all jobs to the lowest wage countries until all workers and nations are bankrupt?
@workwillfreeyou Where do people get this stuff? The 80's as I recall were pretty good even though it started badly. Thats usually a good sign of a economic president. I'd hardly characterize Regan and MF as saints but they had taken more steps towards economic recovery than nearly every other President in the last 50 years! And it was still a half assed effort.
Not people I even like defending, but your comments swing to the edge of lunacy.
As countries get further into debt in the economic crisis and corporations become more and more powerful, it seems unfortunately like all forms of Socialism are under fire when the people need them the most.
@VolcanicPenguin It was an intentional attack, not an accidental outcome. That was their goal. See, in a world filled with market Capitalism, corporations and banks make the most money because there are no rules to prohibit extortion; see USA for examples. In a Social Democratic system, a great deal of money is spent strengthening Labor, against the interests of Capital which is always trying to weaken labor... so Capital is undermining the social democratic system. Has been since '60's.
corporatists and corporate governments don't believe in any form of socialism or social security. they believe in the true and false self and that poor people are controled by the false self and as thus should suffer the full extent of poverty until they starve to death or die from lack or health care, or until they start listening to their true self and get out of poverty. to them if someone if poor it's their own fault.
@cvcdgftr7676545 It's just a war, them against us. It's well described... capital tries to exploit labor to extract as much surplus value as it can, and labor tries to collect as many benefits for it's hard work as it can. Capital has the advantage because they also have the large sums of money with which to bribe all the politicians. Sure, labor has it too, but in a capitalist system where everyone is taught to fend for themselves and to forsake others, how do you collectively bargain. Boo!
Children? Grandchildren? ...no, no, no rather the unemployed and foreclosed are paying the debt now. There is no economy without resources and there is no modern economy without crude oil. Remember the "Peak Oil Theory" postulated by pundits? Today's credit markets are proof that peak oil has actually occurred. Powerful voices know it. But as for the rest of us, we're supposed to believe that the economy will turn around. 100 more years of sustained growth,yeahhhhh!!!!!!!!
Its all so they can Open the North American Union. The merging of Canada and Mexico with the U.S. .That why they are devaluating the U.S. Dollar.Look at the DOW. The New currency well be the Amero. Please do look for yourself. Thanks
If they cut social security, I want them to completely dissolve government, eliminate all benefits of all kinds, stop taxing me completely, and no more fucking laws. If the world is supposed to be everyone for themselves, then let's have it. Stop hindering me with burdens I don't want. I don't want to pay for ambulances, or roads, or police, or national guard, or military, or security, etc.
If this doesn't cause some Americans to get out and protest, I think they might as well just shoot us.
I believe before any talk of Social Security cuts, Congress should loose their pensions and be made to accept Social Security. This would change how some of them look at Social Security.
@OhioDemocrat The Congress and Senate won't be taking the medical option that they end up voting for so it's not likely they will suffer through public pension plans.
when 5% of the population controls 90% of the wealth, well that creates problems. The extremely wealthy won't have the same crisis issues as the rest of us.
We will know the system is collapsing when the 1% throw the 4% under the bus to save their own fortunes! Then hopefully the remaining 1% will wipe each other out as the final Coup De Grace. Enjoy the show! "No honor among thieves"!
this crisis is unavoidable because of the banker bailouts. because of the engineers who caused this. now they want social security cuts? how are people going to live off that when they keep adding news taxes. the answer is they can't. they are designing this chaotic new "approach" to further their political agenda.
Social safety net was created to prevent "we the people" from looking towards another system during the depression, thusly removing "Big Money" from the picture. Can't have that.
Communism is dead, no need to provide benefits to the masses any longer.
make bad shit happen, people panic, offer the 'solution' which is what you wanted to do all along... the Greek economic collapse, which endangers the other members of the EU, thereby FORCING them to bail-out Greece(at interest, so the bankers still prosper) shows just how bad this 'all one world' crap truly is - if the one and only ship sinks, there's no other ship to go to!
@tony93666 - this is all PLANNED. Nothing happens by accident. You cannot solve a problem with the same methods that CAUSED the problem. They say "people can't get credit, so the economy is suffering", so they loosen up credit - but the economy is suffering because people have been handicapped BY the debt they already have!! So the answer is "more debt"?!
@tony93666 Your right more credit isn't the answer. But the rich are theives and the whole idea is to loan us the money they stole from us instead of actually having to give it back.
America and all the rest of the world has to default on it´s debt. The banks and FEDs have to be abolished. The right to print money has to go to the 2/3 majority of the voters. Kill the banking kartell. It´s not that kapitalism is the bad guy. It´s the banks.
A deceitful panel schiesters, don't believe a damn word. Look around the world, you like what you see? When the whole can of crap is burning uncontrollably these lunatics , including the senate and congress decide it's time to stamp out the bag of crap they created, what a joke. Don't believe a single democrat or republican, vote them all out of office
Why isn't it ever mentioned that men like Paul Ryan, and the conservatives have been trying to cut these programs for years?
So when they bankrupt the country, and then they say we have to get rid of Social security because we are going broke. Why doesn't anyone call them out on this obvious scam?
If I told you to invest in a retirement plan for your whole working life. You only begin collecting a portion of that money when you turn 65,, And this money is a benefit.. it is NOT a Right and NOT Garanteed. And if you die your spouse only gets a small portion paid monthly until she dies.. You cannot will this benefit to anyone else.. You do Not Own it and it ceases to exist when you and your spouse dies. SS is designed NOT TO PAY YOU.. Any Takers?? Step right up!
@ThePatriotLives Think of it not as a bank account where you store your assets, but an Insurance Policy into which you pay, hoping you don't need to collect... because that's really what it is. You might complain that it is your money... but it isn't. You are paying into a pool and get out a proportional amount, should you survive and need it. In the end, many people who really don't need it do collect, undermining the principle of the system. Only the really needy should collect.
...Wrong.. Insurance policies are voluntary, SS is mandatory.. Who the heck goes to work hoping not to be paid.. SS is BAD Insurance.. It is money unwisely spent..If you took all the money you ever paid in and left it in a Non interest bearing account for 40 years it would be better than the deal uncle sam is giving you... There is no security in Social Security
Even better... If congress really cared about all the beneficiaries of SS, Why didnt they INSTEAD make emergency/retirement accounts mandatory instead of the SS scheme..
Healthcare will be the same' Mandatory'. To use the I.R.S. to force Americans to 'pay up' and funnel 10's of millions of premiums into the hands of private insurance companies.
1/3 of the United States federal budget goes to pay for its military, another 3rd goes to pay to service the debt that was used to pay for the military,
But when its time to cut, its social security and medicare thats got to go.
We cannot socialize all the losses of our corporations and expect to continue funding social security and medicare. The American people wanted to bail out the banks and they got it. Now comes the hard part.
Treasury Sec Paulson put a gun to the head of Congress claiming we would have Martial law and world economic collapse if the Bankers/Wall Street didn't get a bailout. The Congressional switchboards were overloaded with people saying NO!! Wall Street in turn had a 1,000 point drop (coincidence not a chance)!
Soon the Pyramid of wealth will look like a speed bump most all of us will be the pavement. As food, Water, and Gas prices go out of control, Watch how many of you say the phrase "Yes Sir" "Yes Sir"
Give us your Guns, Yes Sir.
Give us your Land. Yes Sir.
Give Us your Children Yes Sir.
Americans have really forgotten we are a nation of Rebels... We are not nothing more than Dairy cows now. Sissies all.
They never will cut defense spending, not till its all too late. And this is why so much money is being spend on military and police training for population control. Because in 10 years when the have nots take to the streets the haves want to certain they can handle it.
@BrerRabbitBDA Your right. Greece has yet to cut defense pay or pensions. mainly because they are the only thing standing between them and a whole country ready to hang them all. As we should do here.
The US can't have it both ways: either it gives up its empire or it gives up even the illusion of social justice within its borders. Its obvious what most of the participants in this conference think should be given up - they've been trying to axe social security for decades.
wonder y everyone's listening to ppl who have always been wrong and led the country into debt, for the solutions instead of listening to ppl like ron paul who have been warning this for ages and always took a stand against wasteful spending, unneccesary wars and above all, root of the problem, welfare state & federal reserve.
Criminals make it on the tell lie vision well honest people with progressive ideas are labeled terrorists & killed by the state
This CULTure is a joke
The whole thing is a lie based on other lies. Freud said it best, people demand illusions over truth
Be afraid, be very afraid of DEMOCIDE
Government killed over 200 million people last century not counting war & battle deaths. This is just rounding up, executing, slave laboring to death or starvation. This is what we vote for. Who orders it
here's a cut that's already happened - I am disabled with a spinal cord injury... in January of each year we receive a small cost of living increase. Well, not this year - the government says there WAS no increase in the cost of living. I don't know where you live, but money does NOT go as far as it did... didn't see 'screwing the disabled' mentioned on the nightly news, did you?
@Rizky06 - thanks very much. No, I was lucky enough to get out of the military 6 months before the first Iraq 'war'. As a US veteran, I am particularly disgusted by what our country has become.
okay why is dule hill speaking on this, isn't he an actor. Also will Congress agree to have their Social Security cut or their pensions cut? I doubt it.
@Amy31415 "no talk of reducing the empire, only talk of cutting benefits for the old and poor. Loves me some gubmint! "
I find these two statements incongruous. It's not government that's necessarily the problem, it's the people holding the reigns of government - those who want to keep the empire - who are the problem.
It's also the message. Americans are constantly being told that if we cut military spending we'll be vulnerable. That has to stop.
are you idiots just figuring this out now.. these idiots on the panel are the very ones that got you into the problem.. you are closing the barn doors after the horses have gone.. way to go experts.. this is one big bad joke.. greenspan is insane.
"Heusain Obama says ...we have a responsibility to reduce a mountain of debt" which he himself created and as we watch this he himself is expanding. Hmmmm.... does any thinking person believe him?
so obama created all of the trillions of dollars of debt? I know you couldn't believe debt just started under Obama? although he is definitely part of it.
Just like in Greece, the government wont consider cutting pork, closing tax loopholes, stopping cronyism, or quit the endless military misadventures. They will continue to be very very very wasteful with tax dollars, while at the same time asking all their "subjects" to make a sacrifice. Unbelievable.
@nikto2000 - You want riots across America? It will be 100 times worse than Greece (coz you have guns in the US and lots of them), don't forget you've got almost 20% unemployment. They've got to keep the printing press going over-drive until it melts. But it'll come sooner or later.
@nikto2000 - In actual fact the situation in the US is much worse than everybody wants to believe. The toxic wastes of derivatives created by Wall Street and speculators of 670 trillion dollars have not been addressed, nobody even dares to mention it. It is = $2 million per living person in US. But sooner or later they have to be addressed.
Carter raised the Social Security tax almost 300% in the late 70s. But then Clinton and Bush spent the huge surplus created by the tax. Now, pucker up Americans....THEY spent the S.S. money and now YOU must sacrifice for your own good.
What a load of horse crap they are selling. Trying to convince us there's no money for social security.. People need to wake up and realize the money is still there it's just all hidden in these rich fuckers bank ccounts. Raise their taxes, cut the military and we wont have to starve old people.
THE LAW OF EXPONENTIAL GROWTH WILL RUIN US. These are some of the same clowns that got us into this mess by keeping interest rates too low and excessive money printing. Listen people, THE SHIP IS GOING DOWN. BUY SILVER AND GOLD. BE PREPARED.
The federal gov just gave a local MARINA here in decatur,al a $150,000.00 grant to build a new DOCK!This is just one little podunk town in alabama!How many businesses across this country get these types of grants everyday?Sounds like socialism to me!Capitalism will always be saved by socialism in this country!Cut social programs and crime goes up and they hire more cops and crime still goes up..RETARDS!!!!I would rather give the money to help people than to build new docks anyday.
Stop giving grants to local police and businesses.If they want police let the cities pay for them.Stop making me pay for TSA workers;I don't fly.Stop spending so much on cameras and 100 a bag laundry services by halliburton.Any of these things make any sense?Hell no!Let's just cut social security!lmao..this problem can be so easily fixed it's insane but we have a bunch of retards that believe all the hype.
I remember the $100 a bag for laundry charged by Halliburton. The Iraq & Afghanistan wars will continue for 50 years just so Halliburton can get their laundry contract.
Hello Boots I don't think we even have those Gold Plated lead bars (useful for bullets).
That sound like the old movie El Condor. The last time FT Knox was independently audited was in the time of Pres. Eisenhower. These days countries hold gold using Derivatives. This means they really don't hold any gold at all.
omg if u listen he does say the things u love the children and the porn whats he thinking and why not cut these people on welfare hhhhmmmm the ones that don't need it and can work cut that it would save billions and cut these girls 11 12 13 years old having babys not old enought to get a job so guess what welfare pays for it no if they are getting pregnant at 11 12 13 that means there parents aren't doing there job so why dont they cut them off welfare its bull no take away form the working
5336045 6 months ago
children and the... porn....
mandroid87 1 year ago
In a very recent survey of health care in the 7 most developed countries,. USA came bottom for coverage, quality of service and cost.
The top was the Netherlands which has excellent coverage quality and service and costs less than half as much as the USA system.
USA Privatized healthcare system is a way of syphoning off tax and healthcare money as bonuses for a few..
it is staggeringly wasteful.
Blame the conserva-nuts and tea-panty ranters for trashing affordable medicare style plans.
marsCubed 1 year ago
Great idea... work old people to death so young people can't get jobs.
Then compete with this angle internationally causing other countries to do the same to keep up with the nastiness...
thus everybody gets a shit life and the economic advantage of stolen pensions completely evaporates as the playing field becomes another example of how stupid and nasty capitalism is.. while all the time raking in $ for the bankers.. who also stole the pension money in the first place.
marsCubed 1 year ago
BORROW money to pay a DEBT??? Does this make sense to anyone? And the loans from the IMF have to be paid back with INTEREST. THat means the countries that get an IMF loan will actually be more in debt. God help us this is insanity.
FarangBalls 1 year ago
let's raise tax on the rich to 95% since they control 95% of the wealth. that will cut 95% of the debt. Bill Gates has $56 billions in wealth. take $50 billions of that and he is still billionaire.
tax 95% of wall street bonuses.
KhmerD0g 1 year ago
Ohhh, so glad the hopey/changey president is keeping the same old elite gasbags front and center! They got theirs, the rest of us are on our own. A whole lot of people were bamboozled by 0's marketing. The rest of us saw it coming but couldn't stop it. We're pretty screwed.
zeph1955 1 year ago
Japan's debt to GDP ratio is far higher than the American one yet its interest rates are low. The IMF just the other day threatened Japan yet again, though this state of affairs has continued for over a decade! This is just gangsterism. Peterson describes the way of things should he succeed in his evil plans.
lordhighexecutioner 1 year ago
Simple, end inflation NOW. Back our money with something other than AIR. The answer is NOT higher prices and lower wages.
GodBlesstheWorld2008 1 year ago
This talk about raising taxes is ridiculous, and the media continues to ignore the elephant in the room:
There needs to be a global, coordinated CRACKDOWN ON TAX HAVENS and tax evasion practices.
Why aren't people on the Left picking up on this?
MarquisdeBarrabas 1 year ago
it is interesting they never talk about cutting back or redesigning the military...
myramaines07 1 year ago 2
This news story was decently told, but people continue to not look for the root of the problem. I hear all the time, "WE NEED TO MAKE DRASTIC CHANGES OR THE ECNOMY WILL CRASH!" and they never give us solutions. They just keep saying it's coming and that something has to be done, but nothing gets done. If anything is done, it makes the country worse like the new healthcare system. It's a good idea, but a horrible plan. The root of the problem is national banks that control the money supply
SignalLost730 1 year ago
@SignalLost730 There's two simple things that would fix this. A commodity backed currency. (You can't inflate and give yourself more money whenever you like.) Criminal charges on politicians who do not pay back the same amount of money they borrowed by the end of their term. Without inflation and borrowing there's only taxation.
You reach a middle-ground pretty easily with taxation as the people have to decide if they want something bad enough to be taxed harshly for it.
sirellyn 1 year ago
@sirellyn You're right. But the problem with backing the dollar is that it used to be backed by gold. You probably know the answer to this, but why isn't it backed any more by gold? Because the Federal Reserve Act was passed in 1913, which gave the US "national" bank the power over the dollar. "Permit me to issue and control the money of the nation and I care not who makes its laws. - Mayer Amsched Rothchild, a prominent European banker in the eighteenth century". There is no simple fix for this
SignalLost730 1 year ago
@sirellyn my point is that the people in power won't bring back a commodity-backed currency. criminal charges to politicians are off the table as of right now because the system is run by them. increased taxation of the people only leads to more hardship and an even more crippled economy because no one is buying as much and we can't even get enough revenue to break even without going into more debt. In my opinion, THEY WANT THIS. There is no recovery coming unless the American people want it
SignalLost730 1 year ago
@sirellyn and by "want it" i mean they have to get off their fat, dumb asses and learn a thing or two about how and why they are getting bent over and raped every moment of every single day of their allowances, of their fortune, by white collar criminals that destroy nations, start wars, and treat the Earth as their whore. These people that run the world are nothing less than brilliant psychopaths who care not for anything or anyone but their own game to achieve world power. sorry toramblesomuch
SignalLost730 1 year ago
@SignalLost730 Nothing ever lasts forever, not the good stuff, nor the bad stuff. And all empires crumble, even secret ones.
sirellyn 1 year ago 2
@sirellyn you countered what i said in 1500 words with a post of 15 words..
It's funny, I just finished watching today all 3 Lord of The Rings movies. After watching them again since when they first came out, I realized there are so many parallels to our world that are shown in that movie. It showed me that even when things are their darkest, and all the good in the world seems gone, I can remember that Good is going to win, and it eases me to know that everything is going to be okay in the end
SignalLost730 1 year ago
Most of these crooks like Rubin and Greenspan can't see past their own mistakes so how can they admit to a problem? It would be admitting their part in creating the crisis.
The only reason that the day of reconning was pushed out 20 years was due to China, Saudi and Japan buying the debt.
The Social Security surplus is a falacy, that money isn't in a lockbox somewhere it was already spent. It's gone, only IOUs are left.
Paetaor 1 year ago
Greece has a budget deficit of 13.6 percent. ours is 10.6 percent
Greece has a public debt of 113 percent of GDP.
Under President Obamas budget, debt held by the public would grow from $7.5 trillion (53 percent of GDP) at the end of 2009 to $20.3 trillion (90 percent of GDP) at the end of 2020. It could rise to 215 percent of GDP in 30 years. Welcome to Greece.
quizerry 1 year ago
Considering that you pay into SS until you are eligible, and you get paid back based on what you paid in, I wouldn't call it an "entitlement"; unless your a criminal like a Barry Soetoro. They're all in violation of the Logan Act and 'high crimes" against the country. "END THE WARS" you lying f*cktards.
bigc028282 1 year ago
@bigc028282 The elite who go to, and are behind, The Bilderberg Group have set this all up from the start. This crap started long before NAFTA, and we knew then that it was all BS. "They" are burning America down for the "global governance" and "world economy/currency" that is now FACT even in mainstream media. Last month its was 260,000 new jobs with 60,000 in temp jobs. They forgot to tell us about the 1.8 million FIRST TIME unemployment claims filed. I CALL BS on it all.
bigc028282 1 year ago
@bigc028282 oh yeah and you know almost all of those created jobs are government ones. they're centralizing the fed. wow a centralized government and no ability for citizens to feed their family and gain wealth? sounds like a plan. we'll all be making mud pies to eat 3 meals a day while the people in power steal tax payer money - THIS NATION'S WEALTH - like a vacuum sucking up everything so that only vulture's are left. FUCK. THEM.
SignalLost730 1 year ago
@bigc028282 The SS crisis is NOW. It is official that this year it will pay out more then it takes in in tax revenues. The crisis is now, since the vaunted trust fund is filled with non-recourse government bondsessentially worthless pieces of paper.
In the next Ten years as the "baby boomers" retire and collect their SS benefits. SS will run in the red of unfunded liability est in the trillions. Taxes on the young would have to double just to keep up.
quizerry 1 year ago
if we cant audit the fed than tax the shit out of them
kevlarunderware 1 year ago
.
greenspan, stahl, rubin, clinton, obama et al in the same room 'discussing' the future of the federal deficit and seeding the echo chamber adds up to this:
.
americans getting screwed again in plain sight.
toodance 1 year ago
how about having exxon pay some taxes.
FlintfromOhio 1 year ago
These billionaires would like nothing better than to privatize Social Security, so that Wall Street Gamblers can get their hands on it. Social Security was put into place BECAUSE of the stock market crash in the first place. Stop funding the wars, and you'll see these deficits decreasing.
55ella2007k 1 year ago
@55ella2007k If you really think if we pulled out of Iraq and Afghanistan and then the deficit will decrease then you are going to get a reality check real quick real soon.
evansville70 1 year ago
@55ella2007k I think all the complaints boil down to the Government and Congress not doing their job to protect our interest and our money. You think wall street is bad. You need to look at all the IOU's (worthless pcs of paper) where congress borrowed from your SS fund and spent your money on frivolous pet projects, hundreds of them like a cowgirl museum in Texas. Don't forget the Government is a billionaire also using "your" money to gamble with. And 9 times out of ten you get no return.
quizerry 1 year ago
Yes, we need less social security and more oligarchs so that cash can trickle down into the system, cos oligarchs just love going shopping (or at least their bitches do). The super rich need to expand otherwise they run out of golf partners and the rest of us must fight for jobs as caddies.
2legs2armsetc 1 year ago 7
I bet most here are pretty pissed off you are forced to pay tax for which a large portion goes to fund wars you are completely against. You've tried voting different, petitioning etc, but no one listens. Some get so mad that they refuse to pay that portion of their taxes, feeling that's the only way they can stop paying to have foreign people killed.
Its common for people to want to help the US debt without funding the government madness.
You don't get too much of a choice though do you?
sirellyn 1 year ago
HOW ABOUT THE FUCKING WAR! how about instead of cutting the 'services' and 'benefits' given to thsoe taxed, you end the fucking WAR that wasted more than a million dollars a DAY, and which is the greatest leak of money there is in the governmental system! so predictable, they r gonna fk us and the middle east at the same time, while they blame us for the debt, and them for the ' immorality' bull shit.
pelucas716 1 year ago 2
@pelucas716 Complain to the Democrats because they are in charge.
evansville70 1 year ago
People in washington are starting to have a clue?!!?!
kc9gpj 1 year ago
@kc9gpj bad news flash man, they have HAD a clue, they just didnt WANT to clue in.
pelucas716 1 year ago
who in their right mind would take anything greenspan says, seriously?
laosuwan 1 year ago 2
Thank you AARP for putting this socialist community organizer into the most important affirmative action job in history ! Here's your thanks, say good bye to Soc. Sec. And don't hold your breath for Medicaid/Medicare.
hobo59 1 year ago
Good thing we have a community organizer as Commander and Chief, in charge of all things American. lol
hobo59 1 year ago
If we cut wasteful defense spending and stopped ramping up the prison planet mentality in this country we'd have money to lift everyone out of this funk that I hate to say...capitalism & imperialism have cast upon our planet. I'm all for making money, but at what cost?
undertow0510 1 year ago 2
Stop spending Obama!!!
livefreeordie1970 1 year ago
Russia's federal debt is only about 6.8% of GDP. Ours (USA's) is about 8.6 times that at 60.8% of GDP.
bboucharde 1 year ago
theyll do anything to keep the socialist ponze scheme going
pilebut 1 year ago
Has anyone noticed that Bill Clinton is starting to sound more like Jimmy Carter everyday? These idiots need to have the cuts first.
bbolze 1 year ago
I cannot STAND Paul Ryan. He wants to cut what little safety net Americans have. Why people keep voting for this a-hole is beyond me.
LoveToday8 1 year ago
Wanna cut the deficit really fast? END THE WARS NOW!!
Up the taxes on the top 10% and raise the capital gains tax.
LoveToday8 1 year ago
great video. funny how they dont talk about cutting military spending to pay for things eh?
marpoq 1 year ago
BHO - "Long term structural debt"
Like 1000+ military bases and wars that cost trillions of dollars? Like the subsidization of corporate america in terms of subsidies on the scale of billions?
Why do they always talk about cutting Soc. Security, Medicare and other government services to people while expanding the Military Budget and spending more money on never ending war?!?
micahgee 1 year ago 3
Romania just cut there Pensions and gov workers salaries.
bonzaibb12 1 year ago
Nice how the wealthy are telling us how the poor and middle class must tighten their own economic strings.
looseal22 1 year ago 2
Thanks R.N., The answer is simple. Stop importing good and workers. Stop the imperial conquering of the plantant. How about a dose of truth. Something must actually be produced to generate the wealth to pay your bills.
workwillfreeyou 1 year ago 2
Why is a lickspittle mediocrity like Greenspan still consulted for his opinion? Oh, that's right, because all the other power players were just as wrong as he was - or rather, just as criminally culpable.
Rolandzebub 1 year ago 3
Privatize the profit, socialize the debt. That's what Greenspan, Obama and all the other dicks stand for.
MrDarkbloom 1 year ago 21
@MrDarkbloom
you got that right!
The part that really really get my blood to a boil is hearing the tea-baggers whine that Obama is a "Communist Marxist etc."
Go ahead, be mad at Obama (I for one am livid about his offshore-drilling policy among others), but be mad for the right reasons!
Is amazing how good Freedomworks and AFP is at taking peoples rightful indignation, turning the facts on their head and then ALWAYS blame government regulation!
micahgee 1 year ago
WTF? 50% of Americans have got to be the most ignorant people on earth to believe anything that comes out of this sad excuse for a human beings mouth. Good grief !
OldSchoolAmerican 1 year ago
Funny how Obama acts like he has nothing to do with the size of the USA national debt. The debt of the USA has been intentionally run up so that the banksters have the tool to manipulate and remake the country into something more usable for them.
klard 1 year ago
Amazing stuff TRNN
DonVoghano 1 year ago
How can you not see a crisis coming? More people retiring and lot less people working and you are already overspending by trillions.
And just because someone has been warning of a problem that takes 30 years to come to fruition doesn't make them wrong.
Plus with Greenspan creating bubbles and denying the can ever exist and then blaming other he has 0 credibility.
Everyone will get paid back but the money will be worth much less.
Paetaor 1 year ago
@Paetaor good observation
toodance 1 year ago
A debt crisis?.....try pulling out Iraq for a start. oh, while your at it...think about going after bosses that pay their illegals/ legals off the books...you might rethink raising taxes.
planthi80 1 year ago 2
Its the same in alot of Europa, its a scam.
Whe just had several thousind people becoming millionairs and billionairs...ON A SCAM...Make society pay, and then makes cuts on ordinary citicents.
Its Like Monsantos..Try look up monsantos in here!
I am begining to think they are serious about killing a big part off the world..
And i know it sounds lame..But check it out
ppedalen 1 year ago
A country is only worth something if it's citizens produce and save. When more retirees collect Social Security it will just add to the final bubble THE MONEY BUBBLE! Hyperinflation Tsunami! Buy Gold/Silver/Food/Water Filters/Tangible items. Ron & Rand Paul. End the world Fiat Fractional Reserve Deception!!!
Rizky06 1 year ago
We need some Austrian Sound money economists here. Social Security is GONE do you honestly believe there is a little piggy bank that has been collecting interest from the Social Security deposits. It is ALL Fiat (Money created out of nothing)! Everytime there is one less paycheck (Globalization sent overseas and outsourced) or lower paying jobs (the norm for the future) it has to be made up with Fiat wealth.
Rizky06 1 year ago
This will not end well...
Marco81MX 1 year ago
Obama's austerity will occur when his administration will need to reduce spending (Obamacare) and/or increases user fees (taxes, VAT) to pay back creditors. Obama's Austerity will be required when Obama's fiscal deficit spending is felt to be unsustainable. Look at Greece right now and you see Obama's America. Sheeple and Zombies better strat waking up.
dkkght46 1 year ago
U.S. Government = Racketeering Operation
jfarris4417 1 year ago
Thanks Real News, The Ronald Reagan International Trade Center? Wasn't Ronald Reagan and his buddy Milton the frontiersman in this perverted global capitalist nightmare? Where freedom for the corporate elite means shipping all jobs to the lowest wage countries until all workers and nations are bankrupt?
workwillfreeyou 1 year ago 12
@workwillfreeyou Actually jobs were being shipped to places like Indonesia before Regan. Search John Pilger's documentary on the details.
nota2cdtime 1 year ago
@workwillfreeyou Where do people get this stuff? The 80's as I recall were pretty good even though it started badly. Thats usually a good sign of a economic president. I'd hardly characterize Regan and MF as saints but they had taken more steps towards economic recovery than nearly every other President in the last 50 years! And it was still a half assed effort.
Not people I even like defending, but your comments swing to the edge of lunacy.
sirellyn 1 year ago
As countries get further into debt in the economic crisis and corporations become more and more powerful, it seems unfortunately like all forms of Socialism are under fire when the people need them the most.
VolcanicPenguin 1 year ago 2
@VolcanicPenguin It was an intentional attack, not an accidental outcome. That was their goal. See, in a world filled with market Capitalism, corporations and banks make the most money because there are no rules to prohibit extortion; see USA for examples. In a Social Democratic system, a great deal of money is spent strengthening Labor, against the interests of Capital which is always trying to weaken labor... so Capital is undermining the social democratic system. Has been since '60's.
Ranger4564 1 year ago
Bush tax cuts...off limits.....Pentagon/CIA....off limits....
johnlouisville 1 year ago
When a government gives you stuff..people should remember..they can take it away too!
gareyt17 1 year ago
the American dream is dead and the future in general of America is grim.
cvcdgftr7676545 1 year ago
corporatists and corporate governments don't believe in any form of socialism or social security. they believe in the true and false self and that poor people are controled by the false self and as thus should suffer the full extent of poverty until they starve to death or die from lack or health care, or until they start listening to their true self and get out of poverty. to them if someone if poor it's their own fault.
cvcdgftr7676545 1 year ago
@cvcdgftr7676545 It's just a war, them against us. It's well described... capital tries to exploit labor to extract as much surplus value as it can, and labor tries to collect as many benefits for it's hard work as it can. Capital has the advantage because they also have the large sums of money with which to bribe all the politicians. Sure, labor has it too, but in a capitalist system where everyone is taught to fend for themselves and to forsake others, how do you collectively bargain. Boo!
Ranger4564 1 year ago
Children? Grandchildren? ...no, no, no rather the unemployed and foreclosed are paying the debt now. There is no economy without resources and there is no modern economy without crude oil. Remember the "Peak Oil Theory" postulated by pundits? Today's credit markets are proof that peak oil has actually occurred. Powerful voices know it. But as for the rest of us, we're supposed to believe that the economy will turn around. 100 more years of sustained growth,yeahhhhh!!!!!!!!
nota2cdtime 1 year ago 2
@nota2cdtime
How about "Peak Debt"!
Rizky06 1 year ago
Its all so they can Open the North American Union. The merging of Canada and Mexico with the U.S. .That why they are devaluating the U.S. Dollar.Look at the DOW. The New currency well be the Amero. Please do look for yourself. Thanks
Thomas13Ray 1 year ago
If they cut social security, I want them to completely dissolve government, eliminate all benefits of all kinds, stop taxing me completely, and no more fucking laws. If the world is supposed to be everyone for themselves, then let's have it. Stop hindering me with burdens I don't want. I don't want to pay for ambulances, or roads, or police, or national guard, or military, or security, etc.
If this doesn't cause some Americans to get out and protest, I think they might as well just shoot us.
Ranger4564 1 year ago 2
I believe before any talk of Social Security cuts, Congress should loose their pensions and be made to accept Social Security. This would change how some of them look at Social Security.
OhioDemocrat 1 year ago 13
@OhioDemocrat The Congress and Senate won't be taking the medical option that they end up voting for so it's not likely they will suffer through public pension plans.
Paetaor 1 year ago
when 5% of the population controls 90% of the wealth, well that creates problems. The extremely wealthy won't have the same crisis issues as the rest of us.
SirHempsworth 1 year ago 2
@SirHempsworth
We will know the system is collapsing when the 1% throw the 4% under the bus to save their own fortunes! Then hopefully the remaining 1% will wipe each other out as the final Coup De Grace. Enjoy the show! "No honor among thieves"!
Rizky06 1 year ago
Comment removed
pongman 1 year ago
this crisis is unavoidable because of the banker bailouts. because of the engineers who caused this. now they want social security cuts? how are people going to live off that when they keep adding news taxes. the answer is they can't. they are designing this chaotic new "approach" to further their political agenda.
Justice4all311 1 year ago
Social safety net was created to prevent "we the people" from looking towards another system during the depression, thusly removing "Big Money" from the picture. Can't have that.
Communism is dead, no need to provide benefits to the masses any longer.
VP40naha 1 year ago
Greenspan is wrong 30% of the time
PersonalJesus348 1 year ago
Dean Baker of CEPR also does a great job to expose this nonsense....
arijitrule 1 year ago
make bad shit happen, people panic, offer the 'solution' which is what you wanted to do all along... the Greek economic collapse, which endangers the other members of the EU, thereby FORCING them to bail-out Greece(at interest, so the bankers still prosper) shows just how bad this 'all one world' crap truly is - if the one and only ship sinks, there's no other ship to go to!
tony93666 1 year ago
@tony93666 - this is all PLANNED. Nothing happens by accident. You cannot solve a problem with the same methods that CAUSED the problem. They say "people can't get credit, so the economy is suffering", so they loosen up credit - but the economy is suffering because people have been handicapped BY the debt they already have!! So the answer is "more debt"?!
tony93666 1 year ago
@tony93666 Your right more credit isn't the answer. But the rich are theives and the whole idea is to loan us the money they stole from us instead of actually having to give it back.
badmuffy 1 year ago
America and all the rest of the world has to default on it´s debt. The banks and FEDs have to be abolished. The right to print money has to go to the 2/3 majority of the voters. Kill the banking kartell. It´s not that kapitalism is the bad guy. It´s the banks.
pcuimac 1 year ago
A deceitful panel schiesters, don't believe a damn word. Look around the world, you like what you see? When the whole can of crap is burning uncontrollably these lunatics , including the senate and congress decide it's time to stamp out the bag of crap they created, what a joke. Don't believe a single democrat or republican, vote them all out of office
wordsofthegods 1 year ago
Why isn't it ever mentioned that men like Paul Ryan, and the conservatives have been trying to cut these programs for years?
So when they bankrupt the country, and then they say we have to get rid of Social security because we are going broke. Why doesn't anyone call them out on this obvious scam?
blingbling65943 1 year ago 10
@blingbling65943
If I told you to invest in a retirement plan for your whole working life. You only begin collecting a portion of that money when you turn 65,, And this money is a benefit.. it is NOT a Right and NOT Garanteed. And if you die your spouse only gets a small portion paid monthly until she dies.. You cannot will this benefit to anyone else.. You do Not Own it and it ceases to exist when you and your spouse dies. SS is designed NOT TO PAY YOU.. Any Takers?? Step right up!
ThePatriotLives 1 year ago
@ThePatriotLives Think of it not as a bank account where you store your assets, but an Insurance Policy into which you pay, hoping you don't need to collect... because that's really what it is. You might complain that it is your money... but it isn't. You are paying into a pool and get out a proportional amount, should you survive and need it. In the end, many people who really don't need it do collect, undermining the principle of the system. Only the really needy should collect.
Ranger4564 1 year ago
@Ranger4564
...Wrong.. Insurance policies are voluntary, SS is mandatory.. Who the heck goes to work hoping not to be paid.. SS is BAD Insurance.. It is money unwisely spent..If you took all the money you ever paid in and left it in a Non interest bearing account for 40 years it would be better than the deal uncle sam is giving you... There is no security in Social Security
ThePatriotLives 1 year ago
@ThePatriotLives
Even better... If congress really cared about all the beneficiaries of SS, Why didnt they INSTEAD make emergency/retirement accounts mandatory instead of the SS scheme..
I know the anxwer already....
ThePatriotLives 1 year ago
@ThePatriotLives
Healthcare will be the same' Mandatory'. To use the I.R.S. to force Americans to 'pay up' and funnel 10's of millions of premiums into the hands of private insurance companies.
Rizky06 1 year ago
@blingbling65943 War spending should be increased because we will all be safer if we keep starting wars. LOL
rollsthepaul 1 year ago
1/3 of the United States federal budget goes to pay for its military, another 3rd goes to pay to service the debt that was used to pay for the military,
But when its time to cut, its social security and medicare thats got to go.
This is such an obvious scam
blingbling65943 1 year ago
This is great, we need to riot in the streets until there's not a building standing in Washington DC.
fywacia 1 year ago
How about we cut Wall Streets pensions?
fywacia 1 year ago
tom ferguson is an awesome dude
chocobosage420 1 year ago
Bastard son a bitches! How much has the useless Irag war, etc cost?
jhi1947 1 year ago
@epicurean05 : Eggzactly.
jhi1947 1 year ago
Excuse me, but fook klinton, greenbabbles, & rubin. Those bastards contributed largely to the fooking mess!
jhi1947 1 year ago
We cannot socialize all the losses of our corporations and expect to continue funding social security and medicare. The American people wanted to bail out the banks and they got it. Now comes the hard part.
raouldukelives 1 year ago
@raouldukelives
Treasury Sec Paulson put a gun to the head of Congress claiming we would have Martial law and world economic collapse if the Bankers/Wall Street didn't get a bailout. The Congressional switchboards were overloaded with people saying NO!! Wall Street in turn had a 1,000 point drop (coincidence not a chance)!
Rizky06 1 year ago
robbers baron's on the take.. Nothing ever changes
ittlebite 1 year ago
WATCH DOLLAR BUBBLE and END THE FED!
slhines7 1 year ago
Soon the Pyramid of wealth will look like a speed bump most all of us will be the pavement. As food, Water, and Gas prices go out of control, Watch how many of you say the phrase "Yes Sir" "Yes Sir"
Give us your Guns, Yes Sir.
Give us your Land. Yes Sir.
Give Us your Children Yes Sir.
Americans have really forgotten we are a nation of Rebels... We are not nothing more than Dairy cows now. Sissies all.
btigtime2 1 year ago
@btigtime2
Stop making fun of the Sheeple! Blame it on the Fluoride, Aspartame, TV ect not true characteristics like honor, integrity & self sufficiency.
Rizky06 1 year ago
They never will cut defense spending, not till its all too late. And this is why so much money is being spend on military and police training for population control. Because in 10 years when the have nots take to the streets the haves want to certain they can handle it.
BrerRabbitBDA 1 year ago
@BrerRabbitBDA Your right. Greece has yet to cut defense pay or pensions. mainly because they are the only thing standing between them and a whole country ready to hang them all. As we should do here.
btigtime2 1 year ago 2
@btigtime2 : Eggzactly comrade. These bastards actually think they can get away with this krap & continue about THEIR merry ways.
jhi1947 1 year ago
yeah!!! cut the wars and the entitlement programs!!
ferrozm 1 year ago
These traitors gave us the deficit (Problem) and we have had a Reaction and now they offer us a FALSE solution
FiatLux8888 1 year ago
get something on paper about globalization in your hands.
don`t give them your ideas ahead of time, they are twisting and spinning anything, that is their only job.
Realizalize 1 year ago
The US can't have it both ways: either it gives up its empire or it gives up even the illusion of social justice within its borders. Its obvious what most of the participants in this conference think should be given up - they've been trying to axe social security for decades.
blackiron60 1 year ago
Tom Ferguson has his head stuck up his butt!
spartaeus 1 year ago
Greece...here we come.
Buergs323 1 year ago
wtf?
the US already has a mountain of debt .
Everything you love will not be there?
Lets face it, the US rich dont want to pay s#it.
The richest country in the world cannot hav social security?
Bulls#it.
greenhell666 1 year ago
wonder y everyone's listening to ppl who have always been wrong and led the country into debt, for the solutions instead of listening to ppl like ron paul who have been warning this for ages and always took a stand against wasteful spending, unneccesary wars and above all, root of the problem, welfare state & federal reserve.
appumathew 1 year ago
@appumathew
You wouldn't believe how much Corporate Welfare there is 100x Social Ex: just so GE will keep their HQ in NY they are given $2 Bill.
Rizky06 1 year ago
Criminals make it on the tell lie vision well honest people with progressive ideas are labeled terrorists & killed by the state
This CULTure is a joke
The whole thing is a lie based on other lies. Freud said it best, people demand illusions over truth
Be afraid, be very afraid of DEMOCIDE
Government killed over 200 million people last century not counting war & battle deaths. This is just rounding up, executing, slave laboring to death or starvation. This is what we vote for. Who orders it
Slavestorms 1 year ago
here's a cut that's already happened - I am disabled with a spinal cord injury... in January of each year we receive a small cost of living increase. Well, not this year - the government says there WAS no increase in the cost of living. I don't know where you live, but money does NOT go as far as it did... didn't see 'screwing the disabled' mentioned on the nightly news, did you?
THANKS FOR THE 'COMPASSION', OBAMA!
tony93666 1 year ago
@tony93666
No one on S.S. had a COLA increase this year. Sorry about your injury hopefully it wasn't from the Corporate wars.
Rizky06 1 year ago
@Rizky06 - thanks very much. No, I was lucky enough to get out of the military 6 months before the first Iraq 'war'. As a US veteran, I am particularly disgusted by what our country has become.
tony93666 1 year ago
okay why is dule hill speaking on this, isn't he an actor. Also will Congress agree to have their Social Security cut or their pensions cut? I doubt it.
tanio12 1 year ago
Comment removed
LouieArrighi 1 year ago
lol
no talk of reducing the empire, only talk of cutting benefits for the old and poor. Loves me some gubmint!
Amy31415 1 year ago
@Amy31415 "no talk of reducing the empire, only talk of cutting benefits for the old and poor. Loves me some gubmint! "
I find these two statements incongruous. It's not government that's necessarily the problem, it's the people holding the reigns of government - those who want to keep the empire - who are the problem.
It's also the message. Americans are constantly being told that if we cut military spending we'll be vulnerable. That has to stop.
mikepalomino 1 year ago
are you idiots just figuring this out now.. these idiots on the panel are the very ones that got you into the problem.. you are closing the barn doors after the horses have gone.. way to go experts.. this is one big bad joke.. greenspan is insane.
navtel 1 year ago
"Heusain Obama says ...we have a responsibility to reduce a mountain of debt" which he himself created and as we watch this he himself is expanding. Hmmmm.... does any thinking person believe him?
mutexnet 1 year ago
@mutexnet
so obama created all of the trillions of dollars of debt? I know you couldn't believe debt just started under Obama? although he is definitely part of it.
tanio12 1 year ago
@tanio12 Agreed. However Heusain Obama has run up more debt than all presidents from Washington up to and including GW Bush combined.
And that has only been in the past 14 months.
mutexnet 1 year ago
@mutexnet
okay but the point is we have debt and that is the only point.
tanio12 1 year ago
@mutexnet
They said the same thing about Bush even before the bailouts!
Rizky06 1 year ago
Just like in Greece, the government wont consider cutting pork, closing tax loopholes, stopping cronyism, or quit the endless military misadventures. They will continue to be very very very wasteful with tax dollars, while at the same time asking all their "subjects" to make a sacrifice. Unbelievable.
nikto2000 1 year ago
@nikto2000 - You want riots across America? It will be 100 times worse than Greece (coz you have guns in the US and lots of them), don't forget you've got almost 20% unemployment. They've got to keep the printing press going over-drive until it melts. But it'll come sooner or later.
yaplonglong 1 year ago
@yaplonglong
Yep over 400 Million+ guns.
Rizky06 1 year ago
@nikto2000 - In actual fact the situation in the US is much worse than everybody wants to believe. The toxic wastes of derivatives created by Wall Street and speculators of 670 trillion dollars have not been addressed, nobody even dares to mention it. It is = $2 million per living person in US. But sooner or later they have to be addressed.
yaplonglong 1 year ago
@yaplonglong
No prob America will put the Default in Credit Default Swaps!
Rizky06 1 year ago
Carter raised the Social Security tax almost 300% in the late 70s. But then Clinton and Bush spent the huge surplus created by the tax. Now, pucker up Americans....THEY spent the S.S. money and now YOU must sacrifice for your own good.
nikto2000 1 year ago
they try to use "the children" as the bait. what absolute bull, treasonous commie genocidal deviants.
stuartambient 1 year ago
What a load of horse crap they are selling. Trying to convince us there's no money for social security.. People need to wake up and realize the money is still there it's just all hidden in these rich fuckers bank ccounts. Raise their taxes, cut the military and we wont have to starve old people.
badmuffy 1 year ago 3
Cut all US retirement benefits & give the savings to the Bankers and the Pentagon.
ZedAlfa273 1 year ago
@ZedAlfa273
Great idea your Illuminatti membership card is in the mail....lol
Rizky06 1 year ago
THE LAW OF EXPONENTIAL GROWTH WILL RUIN US. These are some of the same clowns that got us into this mess by keeping interest rates too low and excessive money printing. Listen people, THE SHIP IS GOING DOWN. BUY SILVER AND GOLD. BE PREPARED.
clearasvodka 1 year ago
take a look at greece...gear up people time to earn freedom
monoxygen2012 1 year ago
The federal gov just gave a local MARINA here in decatur,al a $150,000.00 grant to build a new DOCK!This is just one little podunk town in alabama!How many businesses across this country get these types of grants everyday?Sounds like socialism to me!Capitalism will always be saved by socialism in this country!Cut social programs and crime goes up and they hire more cops and crime still goes up..RETARDS!!!!I would rather give the money to help people than to build new docks anyday.
armalabama 1 year ago 2
Stop giving grants to local police and businesses.If they want police let the cities pay for them.Stop making me pay for TSA workers;I don't fly.Stop spending so much on cameras and 100 a bag laundry services by halliburton.Any of these things make any sense?Hell no!Let's just cut social security!lmao..this problem can be so easily fixed it's insane but we have a bunch of retards that believe all the hype.
armalabama 1 year ago
@armalabama
I remember the $100 a bag for laundry charged by Halliburton. The Iraq & Afghanistan wars will continue for 50 years just so Halliburton can get their laundry contract.
Rizky06 1 year ago
no we are not facing disaster......these stupid cunts are.fuked if i'm going to suffer for a second because of these assholes.we are the producers?
miserkocho 1 year ago
All the 1933 gold nationalization - gone - replaced with gold plated lead bars
No war taxes
All the social security money isn't there (its all IOU's) bills of credit
Notes issued from the secret private bank The Fed - worthless paper Zimbabwe dollars
Buy physicall gold and silver if you want to eat.
boots920 1 year ago
@boots920
Hello Boots I don't think we even have those Gold Plated lead bars (useful for bullets).
That sound like the old movie El Condor. The last time FT Knox was independently audited was in the time of Pres. Eisenhower. These days countries hold gold using Derivatives. This means they really don't hold any gold at all.
Rizky06 1 year ago
@Rizky06
Exactly real gold leveraged to paper gold is 1:100
True free market price of physical gold = paper gold price x 100 = $120,000 US
boots920 1 year ago
Greenspan got us into this mess. Greenspan just lives in denial in an ivory tower.
Yea, laugh at Peterson.He is just using the system.He projections are right.
We know its coming.Denial is not helping us.
The guy on skype has envy. Peterson is rich and he isnt.
SS in in defict this YEAR. Where is the 3T? WE HAVE already spent it.!
Mostly fools speaking on this sorry report.
cpgone 1 year ago
@cpgone
The $3 Trillion is collectiing lots of interest with the safeguard of the Tooth Fairy!!!!!!!
Rizky06 1 year ago
Cut Social Security? How about cutting defense spending and ending all the wars?
joel1923 1 year ago 2
These people are just disgusting...
sinekonata 1 year ago
@sinekonata Alan Greenspan is a liar, coward, and a traitor to America.
joel1923 1 year ago
@joel1923
*Sharpens Guillotine*
Rizky06 1 year ago
3 wars aren't sustainable...
clvngodess 1 year ago 12