Debt Rattle April 28 2015
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NPC National Service Co. front, 1610 14th Street N.W., Washington DC 1920 • The New Nothingness (Steen Jakobsen) • The Real War On The Middle Class (R
[See the full post at: Debt Rattle April 28 2015]Ah little Ronnie Paul ….. and another of his never ending plans to ‘kill’ social security and impoverish the majority of the US, not only when they are young with his other proposals, but when they are old and sick with this little gem …….A little transparent there Ronnie… maybe try to disguise your glee at the thought of all those useless losers working ’til they drop dead or dying in a doorway somewhere. …
The poor slobs getting minimum wage at Walmart will look at a 7% raise in their take home as the difference between grinding poverty and hanging on and will feel forced to opt out by the pull of present needs. … As if he doesn’t know that…
Same reason low wage office workers who are ‘lucky’ enough to to have 401k plans usually don’t participate because they need every penny just to survive.
He is a filthy little racist elitist swine and happens to be right on regarding the wars and military budget. It seems one can really be two things at the same time….. Does not make him worthy of human being status in any way however….merry56 – I ran into an elderly gentleman at the store who told me that they (the elite) want to take our pensions (Social Security) away. He was very worried. But I don’t think they’ll take it away. They’ll just keep reporting that there’s no inflation, no reason to increase Social Security by much each year (even though we know there’s been rampant price increases and the cost of living is going up exponentially). Citizens on Social Security will continue to get small increases, and yet everything else will go up, eventually making your Social Security worth nothing. Thank you, Federal Reserve, for continuing to cause inflation (sarc)!
Karl Denninger had a piece yesterday that proves this point: “HealthView does an annual calculation of the portion of annual Social Security income that will be consumed by health care expenses for an average couple (retiring at 66 with a $25,000 benefit). The expense tally includes Medicare Part B and D premiums, dental insurance premiums, and out-of-pocket costs, including copays, hearing and vision expenses. The firm estimates that health care expense will consume 67 percent of Social Security income for someone retiring this year, and that the figure will rise to 83 percent by the time that person is 85 years old.”
https://market-ticker.org/akcs-www?post=230064
Wow, thank God we saved Social Security! But it won’t be worth anything in the end. It will be almost like, as Dr. Paul is trying to say, it never existed at all. But, hey, it keeps the non-competitive/monopolistic medical industry alive, keeps the insurance industry happy.
Walmart employees (along with the fast-food industry) are huge recipients of Medicaid and food stamps; the taxpayers are subsidizing these industries to the tune of billions a year. So they get a 7% raise – hoorah! They’ll be back asking for more in a very short time as the cost of living will have risen again because more money will be chasing rental accommodation and food, and prices will keep increasing. They’ll be back to square one in no time and the treadmill will keep on rolling.
Everything will keep increasing to take up the money that is there; it is what happens. You cannot get ahead, only keep your head barely above water, maybe. If the money is there, the monopolies will take it. It’s what they do.
Raising wages/Social Security/whatever only keeps everything churning along, much to the delight of the monopolies/corporate elite, because they keep taking it. Needing a raise is just an “effect”. You need to look at the “cause,” which I think is the point Dr. Paul is trying to get across, but doesn’t do the best job at. Look, if prices did not keep escalating, you and I would never need a raise, would we?
Until people stop for a minute and consider the “cause”, nothing will change. Continuing to raise wages and benefits just feeds into more and more corporate welfare, raising prices again. Think about it.
I have often said that once the government/Wall Street got a hold of our pension money, that was the end. If people had have saved for their own retirements, there would not have been the consumerism we have gone through for the last 40+ years. China would not have developed as they did, corporations would not have become the huge, money-sucking behemoths that they are. We would have had less gadgets, less shoes, less patio furniture, but what we would have had would have been ours, put away for our own retirements, and we would not have had the inflation that we’ve had. Everything else has gone up, yet wages have barely increased. All the money went to increased corporate profits/CEO wages and bonuses, “money for nothing” made on Wall Street.
Really, IMO, the worst thing that could ever have happened is the manufacture of food stamps, welfare (and I’m not advocating doing away with it), Social Security, etc., because it just made people complacent. As long as they were barely keeping their heads above water, they didn’t squawk too much. If these things were taken away, things would quickly become heated; people would be asking some serious questions of their governments, i.e. why have all of our good jobs disappeared, where did they go, why? All of these things are, to me, just “hush” money, money to keep the population quiet and lulled. Which is what the government/corporate elite want. They don’t want you asking questions.
The less government/corporate elite is involved in your lives, the better off you are because then what you have is yours.
The New Nothingness (Steen Jakobsen)
Is this like the “Great Nothing” in “The Never Ending Story”?
It sucks up every living and non-living thing in existence, creating nothing.
Sure sounds like it. Because the resultant reality will be the same…
Not even the ultra-rich can escape the “Great Nothing” (after all, the princess couldn’t)…
Yes, I believe in fairy tales…Hostile much? The man has a different overall outlook than you. His thought is to have small government, low taxes, and like Raleigh says, for people to take care of themselves so what is theirs is theirs. Others have the idea that we should collectively gather our money and charitably distribute it from a central point–a model that requires high taxes and centralization. They are two methods of achieving a similar social end. We may agree with one or the other, but they are in essence different roads to the same goal, and therefore the focus of legitimate discussion and debate.
Can we have that debate? Or should we shout down and cripple those who think differently from us?
Blast from the past, Doc.
https://www.goodreads.com/book/show/82102.Why_Government_Doesn_t_Work
Ron Paul is in many respects a dinosaur. No doubt there. But calling him on that is not, in my eyes, the main takeaway from what he says and does.
It’s that the only remaining anti-war voice in America is just that, a dinosaur. That is a much bigger problem than Ron Paul’s view on certain issues is.
Yes, Professor, but then we’d be arguing on the basis of logic. Since the VonMises/Bastiat/Constitutionalists has been proven right for 100 years, and the Socialist/Progressive/Keynesian side has been wrong for 100 years, clearly no one has any interest in truth, logic, or what works. At all.
That being so, what is their real interest? If billionaires have so much power, and these “wrong” things were a problem for them, wouldn’t they throw some campaign dollars and stop it? Or is it that the way things are going–however provably, logically “wrong”–is actually an advantage to them, as we see the over-1% wealth expanding and the income disparity wildly expanding?
IF ONLY logic were what was at stake here, or made any difference in argument.
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