The Perfect Storm

The Perfect Storm

PostBy: mikeandgerry On: Sun Mar 14, 2010 10:34 pm

Are you ready for the perfect storm?


http://news.yahoo.com/s/ap/us_social_security_ious
This link is broken, either the page no longer exists or there is some other issue like a typo.


Social Security will be another bailout lasting twenty years, if we can sustain it.

Add to that the housing debacle, the banking debacle, the already mounted debt and then throw socialized health care on top.

The socialist *censored* storm is coming very soon.

Will it be recognized for what it is?
mikeandgerry
 
Stoker Coal Boiler: Axeman-Anderson Anthratube 130-M

Re: The Perfect Storm

PostBy: samhill On: Mon Mar 15, 2010 7:43 am

I got a question for you Mike, who started borrowing from S.S.?
samhill
 
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Re: The Perfect Storm

PostBy: jpete On: Mon Mar 15, 2010 9:50 am

It doesn't matter where it started. What's important is to look at Greece to see where it ends.
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Re: The Perfect Storm

PostBy: samhill On: Mon Mar 15, 2010 10:38 am

I rest my case. Nothing seems to matter, history is doomed to repeat itself.
samhill
 
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Re: The Perfect Storm

PostBy: jpete On: Mon Mar 15, 2010 11:15 am

Well, I guess it's past time to load up on the 3 G's and let the chips fall where they will...
jpete
 
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Re: The Perfect Storm

PostBy: mikeandgerry On: Mon Mar 15, 2010 12:09 pm

samhill wrote:I got a question for you Mike, who started borrowing from S.S.?


Democrats, when they passed the SSA of 1935.

The Social Security Trust Fund has always been a stack of IOU's by the Federal government.

The entire program was never sound from an actuarial standpoint. It is a classic pyramid scheme proven by the fact that there is no legal obligation on the part of the SSA to pay the benefits.
mikeandgerry
 
Stoker Coal Boiler: Axeman-Anderson Anthratube 130-M

Re: The Perfect Storm

PostBy: mikeandgerry On: Mon Mar 15, 2010 12:11 pm

jpete wrote:What's important is to look at Greece to see where it ends.


That is the point that matters now.
mikeandgerry
 
Stoker Coal Boiler: Axeman-Anderson Anthratube 130-M

Re: The Perfect Storm

PostBy: samhill On: Mon Mar 15, 2010 12:42 pm

Sorry Mike it was Nixon, not that it matters once one does it they all follow suit, its just that you seem to only be able to find fault with Dem.s when they are all peas in a pod, the left is no better than the right its a shell game they play & the middle man always comes up short.
samhill
 
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Re: The Perfect Storm

PostBy: mikeandgerry On: Mon Mar 15, 2010 2:34 pm

I agree with you Sam, that all politicians play the Santa Claus game but, usually it starts with the good intentions of the democrats and creeps into a mess with both parties making incremental changes over a long period of time. That's what happened with Social Security and the Great Society of LBJ

It is a great reason to nix the current UHC plan. Obama is will jump at anything to pass it because he know that it will morph into a democrat wet dream over the next 7 years and we will have another give away program that will destroy this nation by socialism.

The road to hell is paved with good intentions.

LESS GOVERNMENT IS THE ANSWER!

Are you on board with that, samhill?
mikeandgerry
 
Stoker Coal Boiler: Axeman-Anderson Anthratube 130-M

Re: The Perfect Storm

PostBy: samhill On: Mon Mar 15, 2010 3:31 pm

Not without checks & balances to prevent what got us into this mess, its a shame that everything can`t be made to be idiot & greed proof. What they need to do IMO & I know it will never happen, is to start phasing out the welfare program as we know it. Put a time limit on it & after say maybe three years you forfeit your right to vote simply because you`ve done nothing for the country.
samhill
 
Hot Air Coal Stoker Furnace: keystoker 160
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Re: The Perfect Storm

PostBy: SMITTY On: Mon Mar 15, 2010 3:49 pm

The only thing that is going to fix our government & all it's systems is:

    #1: An uprising of the citizens, & a modern day civil war, OR
    #2: A complete, absolute & total collapse of our financial system, & the resultant civil unrest that would make Greece look like Disneyland in comparison.

Until that happens, greed will prevail ....... and we will have the same old, same old until these *censored* running the country get a reality punch in the mouth by #1 or #2.
SMITTY
 
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Re: The Perfect Storm

PostBy: smokeyCityTeacher On: Tue Mar 16, 2010 12:00 am

samhill wrote:Sorry Mike it was Nixon, not that it matters once one does it they all follow suit, its just that you seem to only be able to find fault with Dem.s when they are all peas in a pod, the left is no better than the right its a shell game they play & the middle man always comes up short.


Carter gave it away when every druggie was eligible for SSI and then it just expended to everyone who gets a doctor to say they cannot work - gets SSI for life

who paid is means nothing anymore - its just a tax
smokeyCityTeacher
 
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Re: The Perfect Storm

PostBy: mikeandgerry On: Tue Mar 16, 2010 1:14 am

Oops! more bad news. The conditions for the perfect storm are coming together:


http://finance.yahoo.com/news/China-trims-holdings-of-apf-1411556921.html?x=0&sec=topStories&pos=6&asset=&ccode=
This link is broken, either the page no longer exists or there is some other issue like a typo.


China trims US treasury holdings for third consecutive month.

I read another article saying they continue to increase their gold holdings.
mikeandgerry
 
Stoker Coal Boiler: Axeman-Anderson Anthratube 130-M

Re: The Perfect Storm

PostBy: mikeandgerry On: Tue Mar 16, 2010 1:16 am

samhill wrote:Not without checks & balances to prevent what got us into this mess, its a shame that everything can`t be made to be idiot & greed proof. What they need to do IMO & I know it will never happen, is to start phasing out the welfare program as we know it. Put a time limit on it & after say maybe three years you forfeit your right to vote simply because you`ve done nothing for the country.


Geez, Sam, are you sure you aren't a conservative?

I want to buy you a beer, or six! :cheers:
mikeandgerry
 
Stoker Coal Boiler: Axeman-Anderson Anthratube 130-M

Re: The Perfect Storm

PostBy: samhill On: Tue Mar 16, 2010 7:07 am

I never said that I was anything but moderate, just because I`m a registered Dem. doesn`t make me far left as you labeled me. I think anyone that truly believes that one side is all good & the other all bad is the biggest problem with the country. That being said I also think the welfare system is one of if not the biggest drain on the economy when you figure in medical care (which are paid by tax dollars), public food & housing & then their ability to stay on it for generations. If you gradually take away beni`s with their voting rights then the politicos won`t be afraid of weaning them off. As most Gov. programs like that, they are necessary to begin with but then are morphed into vote getting machines from both sides.
The junkies were able to start getting disabilities whenever some brain surgions decided that they were sick & misunderstood once whatever addiction you have is all of a sudden turned into a disease you can be considered disabled, just go to any store & watch how many people abuse the handicapped parking spaces, they get the tag for elderly parents or a temp. injury & its theirs for life.
samhill
 
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