Warfare Kings Working to Keep Fear Alive

[Cancel7]

No because options available to invest in would not include credit default swaps or investing individually in companies like Bear Stearns or Lehman that used credit default swaps.

LOL

Good one Cawacko.

 

[FUCK THE POLICE]

Um... bullshit... do you really think we need a superintendent's office with complete staff for EVERY single school district? There is a serious overload of admin... just as there is in defense.

That's state, not federal, level. Unless you threatened states with cutting funding if they don't reform you couldn't do anything. And that wouldn't effect the federal budget, just state budgets.

 

[Cancel 2016.2]

Or, alternatively, the wizards of Wall Street gamble the money on weird ass financial transactions like credit default swaps and collateralized debt obligations that all go to shit and threaten to bring down the global economy requiting government bailouts, all while they collect fat commissions and bonuses.

No, that would never happen.

You would NOT be letting them invest in anything they wish. That is just standard fear mongering bullshit the idiots on the left use to scare people into letting the idiots in DC maintain power over them.

 

[Onceler]

Or, alternatively, the wizards of Wall Street gamble the money on weird ass financial transactions like credit default swaps and collateralized debt obligations that all go to shit and threaten to bring down the global economy requiting government bailouts, all while they collect fat commissions and bonuses.

No, that would never happen.

Let's say it does, just for kicks. We crashed about 2 years ago; the market has now recovered over half of the loss, and will probably be fully back in another 1-2 years. And that's the worst crash we've seen in ages.

I'll put my faith in that over a 40-year working span over what the current system is. If you think anyone has faith in the current system, you're kidding yourself. Again, most under 40 don't think they'll have SS when they retire.

 

[Cancel7]

Let's say it does, just for kicks. We crashed about 2 years ago; the market has now recovered over half of the loss, and will probably be fully back in another 1-2 years. And that's the worst crash we've seen in ages.

I'll put my faith in that over a 40-year working span over what the current system is. If you think anyone has faith in the current system, you're kidding yourself. Again, most under 40 don't think they'll have SS when they retire.

That's because the ruling elite want them to believe that.

And then of course, it becomes self-fulfilling.

 

[Cancel7]

You would NOT be letting them invest in anything they wish. That is just standard fear mongering bullshit the idiots on the left use to scare people into letting the idiots in DC maintain power over them.

Where do those idiot libtards get the idea that Wall Street can do whatever it wants with no repercussion???

I don't know what it is with those liberals.

Water you fucking idiot, why don't you stop reading the news and turn on Fox? Maybe you'll learn something!

 

[Onceler]

That's because the ruling elite want them to believe that.

And then of course, it becomes self-fulfilling.

I disagree. I think it's because it's an inherently flawed system considering exponential population growth, ever-increasing lifespans and ever-increasing cost of living, and is completley unsustainable as a gov't program.

 

[Bonestorm]

Let's say it does, just for kicks. We crashed about 2 years ago; the market has now recovered over half of the loss, and will probably be fully back in another 1-2 years. And that's the worst crash we've seen in ages.

Well, now you're making a different argument. I was responding to the silly idea that giving money to the Wall Street wizards will be a good thing for the economy as a whole. That argument rests on the laughable notion that the banksters are efficient allocators of capital. They aren't. Their degenerate gamblers looking to make short term gains and a fat bonus.

I'll put my faith in that over a 40-year working span over what the current system is. If you think anyone has faith in the current system, you're kidding yourself. Again, most under 40 don't think they'll have SS when they retire.

Right. I'm sure that Bush's privatization scheme failed because no one trusts the current system. And most Americans believe in creationism. Doesn't make it so.

 

[Mott the Hoople]

Like it or not, Wall Street is not separate from the rest of the economy, and it is not at all separate from Main Street. Wall Street is Main Street.

Yeah - I think the idea of privatizing SS is a huge win for everyone.

What the hell does that have to do with anything. Wall Street has a record of reckless disregard of peoples interest in the attempt to maximize short term profits, that combined with the lack of institutional controls and regulatory enforcement would spell disaster to give those greedy bastards our SS money. You would have to be an idiot of the first order to trust them.

 

[Mott the Hoople]

Where? I am expressing doubt concerning Nigel's broad brush generalizations that the Tea Party is just the same old Republicans. He is pretending they are all the same and ignoring anything that does not confirm his assertion. I am not at all ignoring the fact that their stance is not clear.

I am familiar with libertarian rhetoric. It's a fact that libertarian doctrine would cut military spending while increasing the percentage of the budget spent on defense. It was pretty clear right away that that is what Paul was saying to me. That is not projecting, I am just familiar with the play book.

Again, I am skeptical of even Rand. I will believe him and the rest when I see action. Claiming I am employing confirmation bias when I am still not ready to make a conclusion is just silly.

Those on the left made up their mind two years ago that it was all astroturf, racists and the same old Republicans and you have ignored anything that distracts from that narrative. Republicans did the same when the grassroots of the left tried and failed to bring change.

Who said anything about Libertarians. Nigel was spoke specifically about Teabaggers and he's right, I've yet to see one that would advocate cuts in military spending, not that they may not be out there, but hey, show us the beef.

 

[Mott the Hoople]

I hate to have to give Mott a thumbsup on something he said to Onceler, but I must be fair and balanced, and Onceler has taken a Supefreak like leap on privitization. I only hope that SF doesn't have him speaking in chimpanzee sign language soon!

It's easy for us to find common ground Darla when what SF and Oncie advocate is simply insane.

 

[cawacko]

What the hell does that have to do with anything. Wall Street has a record of reckless disregard of peoples interest in the attempt to maximize short term profits, that combined with the lack of institutional controls and regulatory enforcement would spell disaster to give those greedy bastards our SS money. You would have to be an idiot of the first order to trust them.

Where does your idea come from that people having personal accounts would just give their money to Wall St?

 

[Onceler]

What the hell does that have to do with anything. Wall Street has a record of reckless disregard of peoples interest in the attempt to maximize short term profits, that combined with the lack of institutional controls and regulatory enforcement would spell disaster to give those greedy bastards our SS money. You would have to be an idiot of the first order to trust them.

You don't have a 401K then?

It's not so much a matter of "trusting" them. The market, historically, has a fairly unblemished record of very high, proven returns over the long haul. Unless the business community crumbles, which will have more serious ramifications than anything we're discussing here, it will continue to do so.

I might just as easily call you an idiot for trusting the gov't with our SS money. What about the system now are you so enamored of? Again - show me how it is sustainable with exponential population growth; with long lifespans, and higher costs of living. Show me the long-term prognosis.

 

[Sammy Jankis]

Where does your idea come from that people having personal accounts would just give their money to Wall St?

Where is the money in the ss privatization idea? Accounts at what bank?

Accounts inside the "ss lockbox"?

 

[Billy the Great Khan]

Point of order: Our spending on military bases and what not in other countries (such as Europe [yes, I know it's a continent, not a country]), isn't really to 'defend' them, as much as it is a tool for us to project a massive military force anywhere in the world, as well as prime locations for logistics bases. For example, up until 2008, the nearest level 3 hospital (one that treats extreme wounds and such) was in Rammstein Germany. After that it was in the United States (in 2008 one was completed in Iraq). This base allowed to save hundreds of soldiers, Marines, etc. If they died, it would more than likely cost more than the cost of maintaining those bases.

Now I'm not saying we need to be able to project our power globally anymore, but as long as that is our national policy, those bases serve us more than they do the country their built in.

 

[Sammy Jankis]

But really, is that individual accounts inside the "ss lockbox" ? Why is this so hard for you cretins who insist privatization isn't privatization? I guess you're all full of shit.

 

[apple0154]

Cutting education would just force states to raise it or make their kids dumber (second option would be especially prevalent in poor states like MS, where the white people who control everything would find it easy to slash benefits to those coloreds and send their white kids to private school).

Medicare and Medicaid... what's to cut? Already you have doctors refusing to take them up because they're paying out to little.

I'd be OK with a temporary 20 year cut to social security because I fucking hate the boomers and you guys deserve it, but it's not like that money would go back into the general treasury anyway, so it wouldn't help the general debt.

I just have to jump in here. How can anyone hate the folks who brought the world sex, drugs and rock 'n roll? While the previous generation, those of the 40s, defended freedom on a world scale the 60s generation expanded freedom on a national scale.

Hey, man. Peace. * *
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(My peace sign doesn't display properly.)

 

[Cancel 2016.2]

Where do those idiot libtards get the idea that Wall Street can do whatever it wants with no repercussion???

I don't know what it is with those liberals.

Water you fucking idiot, why don't you stop reading the news and turn on Fox? Maybe you'll learn something!

AGAIN.... NO ONE is proposing that we let wall street firms do whatever they want with SS accounts if they are privatized. NO ONE.

IT IS A FEAR MONGERING TACTIC FROM THE LEFT AND NOTHING MORE.

 

[Cancel 2016.2]

Where does your idea come from that people having personal accounts would just give their money to Wall St?

It comes from moveon.moron and other left wingnut fear mongering sites.

 

[FUCK THE POLICE]

That's because the ruling elite want them to believe that.

And then of course, it becomes self-fulfilling.

The current system would be fine if congress would either raise the payroll tax or slash benefits. I'm for slashing benefits because the boomers deserve to suffer for all they've done.