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Unemployment Rises To 9.2% There is no "recovery." Period.
s.
That's what I've been saying all along. The recession began in December 2007, bottomed in March 2009, and has been skidding along bottom ever since. Things are no better now than they were in March 2009, I don't care if the Dow is at 12,000. We are in an "L" shaped recession. Now the question is, have we really bottomed, or is there going to be another leg down. I fear we are fast approaching a complete collapse that will end our society into complete chaos. Take a look at whats happening in Greece.
It really begs the question as to who was dumb enough to vote for a community organizer with no executive experience and an anti-buisness stance? The nation who collectively voted for Obama deserves the misery he is metering out to the nation. The very same people who voted for him are suffering the most from his ineptitude. We, "the rich", are relatively unaffected by his failed policies, but look upon the huge debt problem he has created (and ignored) as a long term threat to our children and the nation.
Obama will clearly go down in history as the worst president of the US. He will unseat Jimmy Carter for that "honor" and will cure the nation of these insane leftist, Keynesian economic policies, for many years to come. Unfortunately, austerity for decades will be the price of the Obama presidency and the free spending democratic congress of Pelosi (what were they thinking by making her speaker of the House?).
Young voters, more specifically college students, were large contributors to Obama's election. In fact had this group supported McCain it could have flipped the election due to the massive number of young voters who voted for Obama. Now, they are living with their parents and flipping burgers (if they are lucky enough to even do that) all while being tens of thousands of dollars in debt because of their college education. Due to the fact employers want experience and like to see a direct transition from college to a professional career, most of these kids' futures are completely shot.
No one contributes to SS.. They pay a TAX, not into some personal fund
Quote:
Originally Posted by HappyTexan
Whether he earned $15K or $150K he still deserves his SS.
NO ONE "deserves" SS. Its WELFARE.
Quote:
Originally Posted by HappyTexan
And what you get in SS is based on what you earned during your working years. We need all kinds of workers in this world, not everyone can be white collar with 401Ks and investment accounts and such.
He's not complaining about how much he's getting mind you.
No but he is complaining about how he ONLY earned $15K a year and found it impossible to save. Thats total BS... EVERYONE can save, and if you cant, you go out and EARN more..
No one contributes to SS.. They pay a TAX, not into some personal fund
NO ONE "deserves" SS. Its WELFARE.
No but he is complaining about how he ONLY earned $15K a year and found it impossible to save. Thats total BS... EVERYONE can save, and if you cant, you go out and EARN more..
Well it's a good thing the system doesn't work the way YOU THINK IT SHOULD.
You do NOT pay into it your whole life, you pay a TAX!!
Actually thats EXACTLy how it works, and why it passed Constitutional muster.. You pay a TAX when you pay it, and its welfare when you collect..
How is that not different than contributing to a pension fund each paycheck? Except of course, that taxes are required, while a contribution is voluntary. Honest question.
How is that not different than contributing to a pension fund each paycheck? Except of course, that taxes are required, while a contribution is voluntary. Honest question.
If you took the same amount of money you give to social security and contributed it to a pension fund or other investment account, YOU now have an asset, not the federal government. YOU control it, YOU profit from it, YOUR estate gets it if you die.. Not the government.
Pensions and trust funds pay a much greater return individuals who pay into them rather than social security. You can put the exact same amount of money into retirement funds as you do with social security, and your returns are far greater, and you dont give them up in the event you die early, and when you retire and collect from YOUR money, its not welfare.
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