Social Security does not need to be saved. We need to FINALLY take a good hard look at how a few folks are emptying our treasury and stealing our taxes all in the name of homeland security.
It's madness. Working people have paid into a retirement system that is solvent and works. Social Security is not a tax...it is an investment for retirement. However, the "elected" officials keep raiding the retirement funds in order to make a few folks rich off of corporate warfare. The US is spending money like there's no tomorrow when it comes to warfare. The US is launching wars for corporations all over the world. Millions of people are murdered so a few elitist corporate folks can live like robber barons. They sell this travesty via "patriotism." I hope the American people will wake up and demand an end to these corporate murders in the name of patriotism.
Enough is enough. Serious about the deficit. Then stop playing politics. Take social security off of the table and try to lift up that heavy defense spending up onto the table and please start chopping off huge chunks....and while you're at it...put that foolhardy drug war up there on the chopping block too.
Buzz....Buzz....
Showing posts with label Deficit. Show all posts
Showing posts with label Deficit. Show all posts
Thursday, July 29, 2010
Monday, July 12, 2010
Out of Control Military Budget Needs to be Cut
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Why is it that what needs to be on the table is not? When health care was debated the best solution to our problem (single payee system) was not allowed on the table. Now with the deficit being the concern of the bailed out Wall Street Bankers (these folks with the golden parachutes and government bailouts are not concerned about creating jobs) the out of control military budget is not allowed on the table.
You have to wonder if the goal of these Wall Street Bankers and multinational corporations is to have a nation of peons and peasants to do there bidding and to hell with the middle class.
Thursday, September 07, 2006
The True National Debt is not being reported...
According to the official U.S. Financial Report, released by the Treasury Department:
* The true 2005 deficit is $760 billion, not the $318.5 billion Bush reported
o This is 6.2% of the GDP, not 2.6%
o That's $156,000 for every citizen, or $375,000 for every working American
* The true national debt is $49 trillion, not the $8.3 trillion Bush reported
o This figure has more than doubled in the past five years
o We paid $327 billion last year on interest alone
* It's all getting worse
Due to the Government using a cash accounting basis this does not include future spending promises like Medicare and Social Security, or even future spending guarantees like veterans' benefits and federal employee pensions.
So the Debt is even bigger than this report.
Rep. Jim Cooper (D-TN) released the report in the form of a book--What the White House Does Not Want You To Read--so the public can get the facts. Cooper said, "I think [the report] is the most powerful critique of the Bush Administration....No Republican can deny this attack (The report was produced by the Republican Administration)."
The Bush White House attempted to keep this report out of the public eye. They distributed the report to less than 20 members of Congress during the Christmas holiday season with no press release or media announcement. What do you want to bet that those 20 members were Republicans? (Or maybe the pseudo-democrat Joe Lieberman "might" have gotten a copy of the report.)
Hopefully progressive accountants will get a copy of this report and educate us some more.
Source of information
* The true 2005 deficit is $760 billion, not the $318.5 billion Bush reported
o This is 6.2% of the GDP, not 2.6%
o That's $156,000 for every citizen, or $375,000 for every working American
* The true national debt is $49 trillion, not the $8.3 trillion Bush reported
o This figure has more than doubled in the past five years
o We paid $327 billion last year on interest alone
* It's all getting worse
Due to the Government using a cash accounting basis this does not include future spending promises like Medicare and Social Security, or even future spending guarantees like veterans' benefits and federal employee pensions.
So the Debt is even bigger than this report.
Rep. Jim Cooper (D-TN) released the report in the form of a book--What the White House Does Not Want You To Read--so the public can get the facts. Cooper said, "I think [the report] is the most powerful critique of the Bush Administration....No Republican can deny this attack (The report was produced by the Republican Administration)."
The Bush White House attempted to keep this report out of the public eye. They distributed the report to less than 20 members of Congress during the Christmas holiday season with no press release or media announcement. What do you want to bet that those 20 members were Republicans? (Or maybe the pseudo-democrat Joe Lieberman "might" have gotten a copy of the report.)
Hopefully progressive accountants will get a copy of this report and educate us some more.
Source of information
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