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Post by sdtosf on Apr 9, 2011 8:00:29 GMT -8
Medicare will be gone, When we retire we will not be able to access medical care due to our preexisting conditions of getting old.
No public schools. It now costs $20K a year for K-12 education. (What private schools are now charging for tuition)
No safety nets if you are involved in an accident and cannot work.
No more public universities. Need to pay upwards $40K a year for higher education.
Unable to see the past one mile due to the pollution in the air due to deregulation.
Still paying 35% in taxes to support defense only.
GE makes over $50 Billion and gets $10 Billion back in tax credits
Why be patriotic? Why go and fight for your country when your country does nothing for you? Why do we have to listen to the National Anthem before ballgames when it really means nothing? This will be the future of America.
Now if you tax those making over $1mm under the pre Bush tax cuts that will close the budget gap in 1/2. Then make cut on other programs. Keep medicare, keep SS. Then there is a reason to be patriotic again since your country is backing you when you need the help the most.
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Post by The Great Aztec Joe on Apr 10, 2011 6:24:36 GMT -8
As long as the United States can borrow at ZERO interest from the FED, we can fund all of our programs. NO PROBLEMA!
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Post by sdtosf on Apr 10, 2011 7:53:24 GMT -8
If they nationalized banks and gave the USA citizen zero interest loans just think how well the average middle class family will succeed. It would be great to buy a house with no interest payments and the housing crisis will be cured today!
However the USA gives banks zero interest loans and then we have to pay the taxes to cover those loans and then the interest so the bank makes a profit. Just don't understand why the Tea Party goes against their own best personal interest.
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Post by The Great Aztec Joe on Apr 10, 2011 8:05:23 GMT -8
If they nationalized banks and gave the USA citizen zero interest loans just think how well the average middle class family will succeed. It would be great to buy a house with no interest payments and the housing crisis will be cured today! However the USA gives banks zero interest loans and then we have to pay the taxes to cover those loans and then the interest so the bank makes a profit. Just don't understand why the Tea Party goes against their own best personal interest. You will find as time goes by that everything in the United States is controlled by BIG MONEY INTERESTS. Not "interest" but "interests." Congress is TOLD what it will vote for. The President is TOLD what he will call for. States are also so manipulated. Money is king in the United States. |
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Post by The Great Aztec Joe on Apr 10, 2011 8:25:18 GMT -8
I'll give you a case in point. AT&T (at that time called SBC) and Verizon wanted the assets of WORLDCOM (WCOM stock ticker). WCOM came about because of the original breakup of AT&T because it was a monopoly. The Federal Government aided companies that were competing against AT&T, so several were growing strongly. WCOM, in order to consolidate all the small mom and pop companies it bought was in debt to the banks. The company was pulling in 30 Billion dollars a year in revenue, so was essentially solid as actual expenses were far less. It had several billions of dollars in loans that were due to be rolled over by the banks. The banks, because of pressure brought to bear by AT&T and Verizon would not roll over the loans like they would automatically do for Verizon and AT&T. WCOM was FORCED into bankruptcy and was raided by the two companies that wanted that to happen. It is amazing how pressure brought to bear can work wonders for the bottom line of the companies that are in position to bring that pressure. It is a nasty game they play.
Cover stories usually abound when things like this happen. It was printed in the newspapers that WCOM had irregularities in accounting. Almost all companies do depending upon who does the accounting for them. The irregularities amounted to less than one percent of the total revenue that WCOM generated and in no way made WCOM a bad candidate for refinancing the loans. The reality is that once they were denied refinancing they were then a risk.
If you are ever curious, look at the debt structure of AT&T or Verizon or FORD for that matter. It is all smoke and mirrors, and corrupt as hell.
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