on July 25, 2010 by admin in money, system, Uncategorized, US, Comments (0)
‘Red Scares’
On 7/25/2010 8:57 AM, Larry G wrote:
> On Jul 24, 2:37 pm, Rich Piehl
>
>> On 7/24/2010 10:04 AM, Otto Yamamoto wrote:
>>
>>
>>
>>
>>
>>> Rich Piehl wrote:
>>>> On 7/23/2010 8:53 PM, Otto Yamamoto wrote:
>>>>> On Fri, 23 Jul 2010 14:00:43 -0500, Rich Piehl wrote:
>>
>>>>>> I think you like everything that Europe does so much, their power plants
>>>>>> their governments, their cars, their rails, their transit system their
>>>>>> socialistic governments (that some in this group have denied are
>>>>>> socialistic)
>>
>>>> I’m not the one that called socialistic. Larry did.
>>
>>>> BTW, who is the sourcing on that. It’s just a chart – I’m probably
>>>> missing it but no data that I see. No explanation of how the chart was
>>>> arrived at and by what/whose yardstick.
>>
>>>> But for proof about European socialism just google it. There’s all
>>>> kinds of sources from all over the world. Some right, some left.
>>
>>> Where are the majority Socialist Governments, then? I hate to break
>>> this to ya, but Socism has been irrelevant for years. Just a buncha
>>> impotent guilt-ridden yuppies. And you quake in fear.
>>
>> Because, as the European countries are finding out, eventually you run
>> out of other people’s money. And that’s the direction we’re heading in
>> here. I’m not quaking in fear. But why go down that road when we know
>> what awaits us at the end of it?
>
> running out of money from Socialism? How about running out of money
> like we have?
>
> Ya’ll don’t have a clue what the problem is. Most of what is causing
> our structural deficit is not “govt spending”. It’s entitlements -
> social security and Medicare which are funded from FICA taxes not
> income taxes.
>
> You guys that say “cut taxes” to head off disaster would cut what kind
> of taxes. FICA taxes?
>
> Cutting the Income Tax which is what primary funds non-Medicare and
> non-SS would do what?
>
> Do you think cutting the Dept of Education or the EPA is going to fix
> the structural deficit that is due to SS and Medicare?
>
> The only way to fix Medicare and SS is to either raise FICA taxes or
> cut benefits, extend retirement age, etc or BOTH.
>
> Cutting income taxes and cutting other Govt will not touch the
> structural deficit.
>
> European “socialism” is having the same issues – the costs of health
> care have gone up faster than what they collect in taxes to pay for
> it.
>
> The solution is the same. You either have to increase the taxes to pay
> for it or you have to cut the benefits or both.
>
> The Conservatives have offered NOTHING to actually deal with the
> causes of the structural deficit other than be opposed to stimulus and
> generic “govt spending” – which won’t deal with the real causes of
> the structural deficit.
>
> It’s not socialism that’s the issue. Both Europe and US have the same
> basic problem and that is the costs of health care – in part because
> of an aging demographic is rising… and our current taxing to pay for
> it is not enough.
>
> It has little to do with “socialism” which is just another idiotic
> canard used by those who have a sound-bite mentality
It’s about the “Ruling Class” and they want to care for their slaves
equally and stop the slaves from invading the dark meeting rooms and
vacation places of the mega rich. It is Socialism that is being forced
on America to accomplish the restrictive lifestyle that the Rulers need
to feel secure in their positions.
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