People Are Finally Figuring Out: Austerity is Stupid

[failed_trad3r]

Quote from oldtime:

Don't like austerity? Want more stimulus? I'll give you some stimulus.

eliminate all federal fuel taxes

eliminate social security tax

eliminate medicare tax

eliminate employer payroll taxes paid for employees

what's the matter, is that TOOO progressive for you????

oh poor baby, you afraid it will add to the deficit? I thought you were the one who didn't like austerity.

Austerity for who? Me or the government? The governments stimulus is my austerity.

I agree. The 1% has devastated the world economy with their free money for all ponzi scheme.

 

[peilthetraveler]

Quote from failed_trad3r:

I agree. The 1% has devastated the world economy with their free money for all ponzi scheme.

You know, if you make more than $34,000 per year, you are the top 1% in the world.

 

[Random.Capital]

Quote from failed_trad3r:

The 1% has devastated the world economy with their free money for all ponzi scheme.

I dunno.

My father was born in a pile of smoking rubble, along with hundreds of millions of others, and spent his youth scrounging cigarette butts and boiling shoe leather.

My boy was born in a shiny hospital with all the mod cons, and spends his youth playing video games, eating Lays and riding around on his quad.

That entire transformation occurred under the watchful all seeing eye of the US Fed.

Frankly, humanity could use a lot more "devestation" of that kind.

 

[Banjo]

http://www.bloomberg.com/news/2012-...o-greece-as-anti-immigrants-chase-voters.html

http://finance.yahoo.com/news/no-end-sight-global-jobs-230454298.html?l=1

 

[moneymonger]

Quote from oldtime:

what we need is more illegal immigrants sneaking into the country and having babies so they can inherit our debt when they take their first breath.

Spread it around I say, both the wealth and the debt.

This is one reason-I believe- why the Fed. just ignores illegals.
Little do the illegals know that they are indentureing their future
offspring to crushing debt burdens, courtesy of the current
generation.

 

[Runningbear]

Quote from peilthetraveler:

You know, if you make more than $34,000 per year, you are the top 1% in the world.

That's a sobering statistic. I bet that most of the Occupy Wall Street protesters probably earn enough to be part of the 1% they are protesting against.

 

[Covertibility]

$34,000/yr to the rest of the world = $250,000/yr in the U.S..


It appears the Citizens of Rock Ridge need to make such low standard comparisons to justify their meager existences.

 

[piezoe]

Quote from moneymonger:

I believe we are witnessing the way in which Social
democracies fail: They spend themselves into catastrphic debt
oblivion. You can only steal from the future to a point.

The U.S. is not very democratic at the Federal level (only one branch of government is elected democratically!), though local city governments tend to be democratic. And the U.S. is most definitely not a "social democracy".

You're probably confusing entitlements with "social" spending. Social Security has only a minor social element, and medicare virtually none. Medicaid is a social program of course.

 

[Fractals 'R Us]

Quote from moneymonger:

I believe we are witnessing the way in which Social
democracies fail: They spend themselves into catastrphic debt
oblivion. You can only steal from the future to a point.

the estimated year when Social Security Disability goes broke has been moved up to 2016!

If your outgo exceeds your income your upkeep is your downfall..

 

[luckyluciano]

It appears the masses are having trouble keeping up with the inflation of the numbers.

it's a numbers game.