WTG Georgie!

[strk]

Originally posted by mietla
I'd go for that, but you are talking peanuts here. A 100 billion? laughable. Cut the socialist wealth redistribution which is strangling us and you are saving 1.5 trillion easy. Not only we could eliminate the deficit, we could actually pay the debt in a couple of years.

Step away from the Kool-Aide!

[mietla]

Originally posted by strk
Step away from the Kool-Aide!

Unfortunately you are right.

Socialism is a one way street. It is practically impossible to return to a limited and Constitutional government now. Too many people benefit from other people's hard work without paying taxes themselves. Critical mass.

[Sixpence]

Originally posted by mietla
I'd go for that, but you are talking peanuts here. A 100 billion? laughable. Cut the socialist wealth redistribution which is strangling us and you are saving 1.5 trillion easy. Not only we could eliminate the deficit, we could actually pay the debt in a couple of years.

They would just find another way to swindle it from us, like the SS scam or the S&L debacle. The war on terror is starting to line alot of pockets too. Ok, it's for the war on terror, we won't ask, go ahead, take it. What was the total number of tax dollars it took to bail out SS after Reagan swiped the money and to bail out the the S&L's?

[Holden McGroin]

Originally posted by Sixpence
... What was the total number of tax dollars it took to bail out SS after Reagan swiped the money and to bail out the the S&L's?

Several orders of magnitude less than the wealth spent of LBJ's Great Society.  A series of well-intentioned programs intended to ease poverty in America, which failed in it's intended purpose, but instead subsidized the breakdown of the family structure in low-income households.

[Sixpence]

Originally posted by Holden McGroin
Several orders of magnitude less than the wealth spent of LBJ's Great Society.  A series of well-intentioned programs intended to ease poverty in America, which failed in it's intended purpose, but instead subsidized the breakdown of the family structure in low-income households.

If that was another swindle, I agree.

[Holden McGroin]

If that was another swindle, I agree.

It was.  It was just authorized by congress as was the S & L bailout...

[mietla]

Originally posted by Holden McGroin
Several orders of magnitude less than the wealth spent of LBJ's Great Society.  A series of well-intentioned programs intended to ease poverty in America, which failed in it's intended purpose, but instead subsidized the breakdown of the family structure in low-income households.

Great Society is one of the most idiotic idea ever.

First we define a poverty, not with some objective metric, like 1 kg of bread/person/day, but instead we use statistics. Say 20% of lowest income people are below the "poverty level".

Then we steal from the producers and pump the money to the "poor". The "poor" have multiple cars, DVDs and a satelite TV, buy hey, they are still under 20 percentile so they are still poor.

It's like f* dog chasing his own tail.

The only way this insane scheme would be satisfied if we oppress the producers into giving up and then everybody will be poor.

A success at last.

The real reason for all those socialist schemes is ever increasing power for the professsional politicians. They don't give a hoot about the poor. They need them to stay poor and dependent, forever.


But then again, half the public cheers on (even on this board). They don't care that their lunch is not free, as long as they don't have to pay for it.

[Sixpence]

Originally posted by Holden McGroin
It was.  It was just authorized by congress as was the S & L bailout...l

It had to be, what was Congress gonna say, no? Remember all those old people and families that lost every penny they had? Remember them in tears and their lives in shambles? Of course Congress authorized it. They had no choice, they were answering to the people who elect them. The same people who lost their life savings. The politicians and their corporate buddies(left and right) made a killing by not having to pay back loans. They knew that Congrees would get tax money to pay back the shmucks I shouldn't call them that, they didn't know any better, just working stiffs, they swindled. Remember the youngest Bush that was in charge of that Colorado S&L? Remember him laughing at the commitee asking him questions about what happened? " I did nothing wrong"(while laughing). And really, he didn't, if you consider swindling people out of their life's savings in a legal way nothing wrong. Wrote out loans to all these wealthy buddies, who in turn defaulted. The perfect scam, and we paid.

[Holden McGroin]

excerpted from Federal Savings and Loan Reform (H.R. 1278, P.L. 101-73)

Resolution Trust Corporation (RTC): Establishes the RTC to
obtain and approve the use of Resolution Funding
Corporation (REFCORP) funds to resolve thrift failures
prior to FDIC's commitment of the funds; authorizes the RTC
to acquire, hold, manage, and dispose of assets of
institutions placed into a liquidating conservatorship or
receivership;

Yeas (91)
Democrats (46 or 85%)
Adams, Bentsen, Biden, Bingaman, Boren, Breaux, Bryan,
Bumpers, Burdick, Byrd, Cranston, Daschle, DeConcini,
Dixon, Dodd, Ford, Fowler, Glenn, Graham, Harkin, Heflin,
Inouye, Johnston, Kennedy, Kerry, Kohl, Lautenberg, Leahy,
Levin, Lieberman, Matsunaga, Mikulski, Mitchell, Moynihan,
Nunn, Pell, Reid, Riegle, Robb, Rockefeller, Sanford,
Sarbanes, Sasser, Shelby, Simon, Wirth

Did you vote for your senators, Sixpence?

[Sixpence]

Originally posted by Holden McGroin
Did you vote for your senators, Sixpence?

I do not understand the point you are making.

[Holden McGroin]

Your Senators (as well as mine) were answering to the people who elect them, as was the President at the time.  Yet you say "Reagan swiped the money and to bail out the the S&L's?"  

Do you not hold your Senators responsible?  

After all constitutionally, "The Congress shall have power to lay and collect taxes, duties, imposts and excises, to pay the debts and provide for the common defence and general welfare of the United States;"

Congress controls the pursestrings.

That is the point I was trying to make.

(incidently 1989 was on GHW Bush's watch)

[Sixpence]

Originally posted by Holden McGroin
Your Senators (as well as mine) were answering to the people who elect them, as was the President at the time.  Yet you say "Reagan swiped the money and to bail out the the S&L's?"  

Do you not hold your Senators responsible?  

After all constitutionally, "The Congress shall have power to lay and collect taxes, duties, imposts and excises, to pay the debts and provide for the common defence and general welfare of the United States;"

That is the point I was trying to make.

(incidently 1989 was on GHW Bush's watch)

Oh, i'm not blaming one party, or one inividual, it's a collective effort. I remember an interview with Tip O'neal, they knew what Reagan was doing, but went along with it to use it against him( social security). Lots of politicians had their hands in the S&L, I don't blame Bush alone(can you say whitewater?). It was one big "I won't say anything if you won't". My original point was they will find a way to dupe us out of our tax dollars, that's the history anyway.

[Holden McGroin]

So when someone says "Reagan swiped money from SS" this is a New England colloquialism that refers to the entire body of federal elected officials... didn't realise that.

[Sixpence]

Originally posted by Holden McGroin
So when someone says "Reagan swiped money from SS" this is a New England colloquialism that refers to the entire body of federal elected officials... didn't realise that.

Well, I give him credit for the idea, seeming he used it as his slogan to say it was the democrats who want to raise your taxes and went on how he didn't raise taxes. He wants to take credit, i'll give it to him.