Print more money it's time to Pay Social Security

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  1. MikeNV profile image79
    MikeNVposted 8 years ago

    The national debt — the amount of money the government owes its creditors — is about $12.5 trillion, or nearly $42,000 for every man, woman and child in the country. About $8 trillion has been borrowed in public debt markets, much of it from foreign creditors. The rest came from various government trust funds, including retirement funds for civil servants and the military. About $2.5 trillion is owed to Social Security.

    Borrow Print Spend

    http://news.yahoo.com/s/ap/20100314/ap_ … urity_ious

    Now how exactly does the Government make money when they are no borrowing, printing, or spending money?

    They raise taxes.  But in order to raise taxes people have got to be able to pay them.

    What exactly is the United States buying with all this money?

    1. profile image0
      Brenda Durhamposted 8 years agoin reply to this

      Salaries for Obama's "Czars"  (he probably still has Van Jones on the payroll somewhere too),
      New space suits so he and the other "green"-proponents can imagine lookin' forward to escaping earth to live on God-only-knows-where-else,
      That "fountain of youth" that Bill Clinton's been promoting, now that he's so open to even more liberal ideas,
      "Information" to help young women decide whether or not to kill their unborn babies or not, (as though they don't have a conscience).

      And last but not least------probably anger management for that Kennedy fella who got by with blowing his cool in Congress or wherever it was, simply 'cause he's a Kennedy......or maybe O just bought him a bouquet of flowers, who knows?  haha

      Certainly ain't goin' to help the elderly and unborn and other deserving people, not if O has anything to do with it.

      1. TheGlassSpider profile image69
        TheGlassSpiderposted 8 years agoin reply to this

        Oh Brenda, come off it. If you think Obama and his agenda is the only thing contributing to this mess then you've been living under a rock. The current state of affairs has been moving in this direction since before I was born. I knew when I was a teen that social security was on the way out the door. And so did the other intelligent members of my generation.

        BTW: Why don't you check out how effective the "abstinence education" in our schools is. Maybe if the over-zealous brats in this country would get off their high horses and let the schools teach health the way they ought to, so many young girls wouldn't need to seek information about abortions. Which the religious agenda has no business sticking its nose in in the first place.

        Oh yeah, while you're at it, why don't you check out the *stifles a laugh* War on Drugs...that'll give you a clue as well. OH! And don't forget those wars we're in that Obama DIDN'T start, remember--they were only supposed to last a few months or something? LOL

        1. profile image0
          Brenda Durhamposted 8 years agoin reply to this

          Oh boy.
          Err....oh girl!  haha

          There ya go, mimicking Obama's whine about how he "inherited" the mess.
          : :



          ((Editing to say I think I saw in another thread that GlassSpider is a woman...?))   Anyway, ergo my reference to "oh girl"...  hope I got that correct.

          1. mod2vint profile image60
            mod2vintposted 8 years agoin reply to this

            And He did. But where is it written that one man has to fix the mess, that hundreds of thousands of men got us into.

          2. TheGlassSpider profile image69
            TheGlassSpiderposted 8 years agoin reply to this

            Don't get me wrong. I'm not saying he's not contributing...I'm just saying it's a WHOLE lot bigger than him.

  2. Ralph Deeds profile image66
    Ralph Deedsposted 8 years ago

    Funding Medicare is the problem, not Social Security. Social Security can be put on a sound footing with a couple of small modifications. Not so with Medicare which requires much more funding and is experiencing unsustainable cost increases.

    1. Sab Oh profile image52
      Sab Ohposted 8 years agoin reply to this

      "Social Security can be put on a sound footing with a couple of small modifications"


      So simple! That must be why it hasn't been fixed yet.

      1. Ralph Deeds profile image66
        Ralph Deedsposted 8 years agoin reply to this

        Social Security was last fixed by a by-partisan commission appointed by Reagan. Another commission will, in due time, provide for a few tweaks which will put it on a sound footing which will assure benefits for the forseeable future. You may recall that Bush proposed turning the funds over to the Wall Street Banksters to invest in the stock market. We're all lucky that didn't fly.

        1. Sab Oh profile image52
          Sab Ohposted 8 years agoin reply to this

          Obviously it was not fixed, and if demographics continue on their current trend it cannot be fixed.

          1. Ralph Deeds profile image66
            Ralph Deedsposted 8 years agoin reply to this

            As is frequently the case, you don't know what you're talking about. Social Security can and will be fixed with a couple of minor adjustments. Medicare is the elephant in the room, much harder to fix. That's a big reason for health care reform.

  3. profile image0
    cosetteposted 8 years ago

    GREAT TITLE! when people ask me 'where is the president gonna get the money for
    __________________
    insert expenditure here

    i just make a slot machine motion with my hand and go 'he's just going to print more!' big_smile

  4. profile image0
    Brenda Durhamposted 8 years ago

    I forgot ACORN.  Whatever their new name is now.

    1. Sab Oh profile image52
      Sab Ohposted 8 years agoin reply to this

      For many of their members, their new name is going to be a number

      1. profile image0
        Brenda Durhamposted 8 years agoin reply to this

        Really?
        Whadda you mean?

        1. Ron Montgomery profile image61
          Ron Montgomeryposted 8 years agoin reply to this

          He's suggesting that they are going to prison, which is kind of funny.

          He's also suggesting that 2 = many, which is kind of pathetic.

      2. Ralph Deeds profile image66
        Ralph Deedsposted 8 years agoin reply to this

        Ridiculous. Acorn has been unfairly maligned. By and large it's performed a useful service, much more so than the drug, oil, Wall Street and insurance lobbyists.

        1. profile image0
          Madame Xposted 8 years agoin reply to this

          Yeah. How else would Obama have gotten elected smile

          1. Ralph Deeds profile image66
            Ralph Deedsposted 8 years agoin reply to this

            Well, he got a pretty good margin. I'm sure Acorn helped by legally registering quite a few inner city voters. What's wrong with that?

            1. profile image0
              Madame Xposted 8 years agoin reply to this

              Those weren't the "voters" I was referring to . . .

            2. creepy profile image50
              creepyposted 8 years agoin reply to this

              whats wrong with that is one person is not supposed to be a few people just one person

              1. profile image0
                Madame Xposted 8 years agoin reply to this

                lol

                1. Ralph Deeds profile image66
                  Ralph Deedsposted 8 years agoin reply to this

                  Except in the Senate where one person equals one person plus 900,000 cows, jack rabbits and prairie dogs.

                  1. creepy profile image50
                    creepyposted 8 years agoin reply to this

                    im sure acorn would register the cows and prairie dogs

            3. Ron Montgomery profile image61
              Ron Montgomeryposted 8 years agoin reply to this

              Don't you realize that many of those inner-city types ain't white? 

              You must have missed the glennbaughannity show this week.

              1. creepy profile image50
                creepyposted 8 years agoin reply to this

                since they never existed i guess it really dont matter

                1. Ron Montgomery profile image61
                  Ron Montgomeryposted 8 years agoin reply to this

                  Their mothers will be saddened to hear that.

                  1. creepy profile image50
                    creepyposted 8 years agoin reply to this

                    their mothers didnt exist either

        2. creepy profile image50
          creepyposted 8 years agoin reply to this

          unfairly maligned? it must be a conspiracy

        3. profile image62
          logic,commonsenseposted 8 years agoin reply to this

          That is the most hilarious thing I have ever heard!

          1. Ralph Deeds profile image66
            Ralph Deedsposted 8 years agoin reply to this

            Why do you think its hilarious? You are apparently misinformed about ACORN.

            Acorn was smeared by right-wing propagandists because the organization was registering inner city voters. Congress voted to cut off federal funds to ACORN but its action was ruled improper by a federal judge. In the meantime federal funds continue to go to criminal profit making enterprises like Blackwater and contractors who have been doing defective work for the military in Iraq, e.g. wiring that has killed several of our soldiers there. Perhaps you should stick to music and anything else about which you actually know something??

            http://www.reuters.com/article/idUSTRE62102Q20100302

            http://www.nytimes.com/aponline/2010/03 … amp;st=cse

          2. Ralph Deeds profile image66
            Ralph Deedsposted 8 years agoin reply to this

            Why don't you read this and tell me what's hilarious about my comment on ACORN?

            The nonpartisan Project on Government Oversight recently revealed that the top 100 government contractors made nearly $300 billion from federal contracts in 2007 alone. Since 1995 these same contractors have been involved with 676 cases of "misconduct" and paid $26 billion in fines to settle cases stemming from fraud, waste or abuse. Fines and other penalties, it seems, are simply the stunningly small price of doing government business.

               The Rachel Maddow Show : Jeremy Scahill discusses news that Blackwater used a South Park alias when making unauthorized arms purchases in Afghanistan.
               
                  Jeremy Scahill: On September 16, 2007, Blackwater employees killed at least 14 Iraqis in the infamous Nisour Square massacre. The youngest victim was nine-year-old Ali Kinani. In this exclusive interview, produced for Democracy Now by The Nation's Jeremy Scahill and Richard Rowley of Big Noise Films, Ali's father Mohammed talks about his son, the shootings, and his struggle to win justice.
               
                       Jeremy Scahill: Nine-year-old Ali Kinani died from a gunshot wound to the head in the Nisour Square massacre. His father may be the one man standing between Blackwater and total impunity.

                  Jeremy Scahill: Three US special forces soldiers were killed in northwest Pakistan this week, confirming that the US military is more deeply engaged on the ground in Pakistan than previously acknowledged by the White House and Pentagon.
             
            Take the case of the top three war contractors, Lockheed Martin, Boeing and Northrop Grumman. These companies have engaged in 108 instances of misconduct since 1995 and have paid fines or settlements totaling nearly $3 billion. In 2007 they won some $77 billion in federal contracts. Or consider pharmaceutical giant Pfizer, which in September paid $2.3 billion to settle a slew of criminal and civil cases, including Medicaid fraud. According to the Justice Department, this was "the largest healthcare fraud settlement" in its history. Yet Pfizer made more than $40 billion in profits last year and won $73 million in federal contracts in 2007; it continues to do robust business with the government. Not bad for a "corporate felon."

            Unfortunately, neither Pfizer nor the largest US military contractors are targets of significant Congressional action. Instead it's ACORN, a community organization that trains and advocates for poor and working-class Americans. Over the past fifteen years, ACORN has received just $53 million in federal funds, much of it for low-income housing. Despite--or perhaps because of--its efforts to empower some 500,000 member families, ACORN was the subject of a sting video produced by a right-wing activist that featured a fake pimp and prostitute seeking tax advice. The group swiftly fired the handful of employees who were entrapped, but that didn't put an end to the storm. Fox News aired the video repeatedly, and right-wing astroturf operative Rick Berman set up a Rotten ACORN website. The campaign was wildly successful. In mid-September all but seventy-five House Democrats and seven senators voted with their Republican colleagues to bar the group from receiving federal funds.

            ACORN, like all organizations receiving federal dollars, should be subject to Congressional scrutiny. But ACORN was clearly singled out for political reasons. Those Democrats who voted for the "defund ACORN" bill should be required to explain their reasoning to their constituents, particularly when so few of them have taken substantive actions to apply the ACORN standard to corporate criminals with real rap sheets.

            A small but growing number of lawmakers are fighting to confront out-of-control corporations. Here are three legislative initiatives that stand out:

            § HR 3679. Representative Betty McCollum of Minnesota introduced her own ACORN Act--the Against Corporations Organizing to Rip off the Nation Act--which seeks to deny federal funds to "corporations or companies guilty of certain felony convictions." Pfizer is singled out, but the act could be applied to other corporations too. "Why are companies that break the law as a business strategy allowed to receive taxpayer funds?" asks McCollum. "A government contract is a privilege, not a right. If a company commits a felony against the people of the United States, then that privilege must end." Significantly, Wisconsin Representative David Obey, chair of the powerful House Appropriations Committee, has signed on as a co-sponsor. Obey also voted to defund ACORN.

            § In the Senate, Bernie Sanders put forward an amendment to the current defense authorization bill (HR3326 S. AMDT. 2617) that calls on the defense secretary to conduct a wide-ranging study of the money the government pays to contractors that have been indicted, settled charges or been fined by any federal agency, as well as those that have been convicted of fraud. It also calls for recommendations on how to penalize contractors that are "repeatedly" involved with fraud. "Virtually every major defense contractor in this country has, for a period of many years, been engaged in systemic, illegal and fraudulent behavior while receiving hundreds and hundreds of billions of dollars of taxpayer money," says Sanders. While Sanders is just calling for a "study," the spirit of his amendment could be the basis for legislation that targets corporate criminals receiving federal dollars.

            § Several Congressional offices say they are weighing the possibility of introducing legislation that would apply the ACORN standard to companies like Blackwater, whose operatives will stand trial next year on manslaughter charges stemming from killing Iraqi civilians; or KBR, which is being investigated in connection with the electrocution deaths of US soldiers and contractors in Iraq. Representative Jan Schakowsky says she is considering reintroducing a version of her 2007 Stop Outsourcing Security Act, which sought to ban the use of Blackwater and other mercenary companies from performing armed activities on the federal payroll. Secretary of State Hillary Clinton, a co-sponsor in the Senate, now oversees the work of Blackwater and other armed State Department contractors, increasingly employed in Afghanistan.

            Florida Representative Alan Grayson is spearheading calls for fraudulent military contractors to be defunded under the anti-ACORN legislation. He points to Halliburton's misconduct and its "extreme and gross negligence...putting in showers in Iraq that end up electrocuting soldiers, and feeding them poisoned water." The federal funding ACORN has received over the past twenty years, Grayson says, "is roughly equal to what the taxpayer paid to Halliburton each day during the war in Iraq."

            1. Pandoras Box profile image67
              Pandoras Boxposted 8 years agoin reply to this

              Good post Mr. Deeds.

            2. creepy profile image50
              creepyposted 8 years agoin reply to this

              the hilarious part is when you actually defend this criminal organization with a straight face   its something to behold

              1. Ralph Deeds profile image66
                Ralph Deedsposted 8 years agoin reply to this

                You are heavy on opinions and short on facts, pal.

                1. creepy profile image50
                  creepyposted 8 years agoin reply to this

                  really

            3. flread45 profile image79
              flread45posted 8 years agoin reply to this

              Is this a hub Ralph Deeds

            4. profile image0
              Poppa Bluesposted 8 years agoin reply to this

              ACORN has had many convictions across the country as well. They certainly aren't pure as the driven snow. It's important to remember as well that ACORN is partisan formed the a left wing extremist who is connected to Andy Stern an avowed anti-capitalist and the President of SEIU.

              http://www.rottenacorn.com/activityMap.html

      3. Ralph Deeds profile image66
        Ralph Deedsposted 8 years agoin reply to this

        So far ACORN itself has not been officially charged with any fraud. Aside from the heated charges and counter-charges, no evidence has yet surfaced to show that the ACORN employees who submitted fraudulent registration forms intended to pave the way for illegal voting. Rather, they were trying to get paid by ACORN for doing no work. Dan Satterberg, the Republican prosecuting attorney in King County, Wash., where the largest ACORN case to date was prosecuted, said that the indicted ACORN employees were shirking responsibility, not plotting election fraud.

        FactCheck.org

        1. creepy profile image50
          creepyposted 8 years agoin reply to this

          factcheck.org  do you have a source that is the least bit credible

          1. Ralph Deeds profile image66
            Ralph Deedsposted 8 years agoin reply to this

            What's your source--Glenn Beck, Rush Limbaugh or Michele Bachman?
            I can see why you might not like FactCheck!

  5. starme77 profile image68
    starme77posted 8 years ago

    with so few jobs there are fewer taxes to collect so none of this makes any sense to me

  6. profile image0
    Madame Xposted 8 years ago

    "Except in the Senate where one person equals one person plus 900,000 cows, jack rabbits and prairie dogs."

    What?

  7. profile image0
    Brenda Durhamposted 8 years ago

    Where is it written that a man can take advantage of the mess and (intentionally or otherwise) create an even bigger mess spilling over into even MORE areas?

  8. profile image0
    Brenda Durhamposted 8 years ago

    Maybe so.
    But America could start by getting him out of office.  But everyone's afraid to.

  9. profile image0
    Madame Xposted 8 years ago

    What's hilarious about it is that you actually think Rachel Maddow is a "source"

    1. creepy profile image50
      creepyposted 8 years agoin reply to this

      rachell maddow is a source of liberal logic    oh yeah that doesnt exist

  10. profile image0
    Lecieposted 8 years ago

    they say that they can't print more money because there's not enough gold to back it up. i think it's high time they found something else to back it up. like silver or even oil. oil is now a very valuable substance. our country will continue to go bankrupt until they get something else to back the money and are able to print more. in the old days when you needed to buy something you handed over a gold nugget. now you hand over a 20 dollar bill. the paper money we use in my opinion is just as valuable as having a gold nugget. you can't get anything in this world without it.

    1. profile image0
      Poppa Bluesposted 8 years agoin reply to this

      We left the gold standard a long, long time ago! The value of the dollar is now based on the "trust" that the USA will pay its debts. Under Obama the money supply (the amount of dollars in circulation) has grown over 120%, more than at any other time in history!

      The US government is now the worlds biggest counterfeiter!

  11. MikeNV profile image79
    MikeNVposted 8 years ago

    "Under Obama the money supply (the amount of dollars in circulation) has grown over 120%"

    And what follows an expansion of the money supply?  Answer: Inflation

    So now the talk in the Fed is how do we control inflation.  Never talk about how do we eliminate the debt model that creates this perpetual unsustainable mess.

    Fast Forward 2025:  Bread $12.50 per loaf.  2 Bedroom Apartment $2,500 per month.  Gasoline $9.50 a Gallon.

    Minimum Wage: $12.00 per hour.

    What is the point?

    I believe the system will have collapsed before 2025.

    You can't pay debt with debt.  And that's the Government Model.

    But if you think that you can try this: Call your credit card company... and then try and give them another credit card to pay off your balance.

 
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