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The following source about Social Security privatization says "the crash of 2008 would have stripped nearly 60% from retirement investors' stock portfolios whether they had built up their nest eggs by "phasing in" or all at once."
If a privatization plan like GW Bush's or Mitt Romney's was in effect in 2008, I believe we all would have lost 60% of our retirement money in the 2008 stock market crash.
What kind of tax cuts did R. Reagan start, and what kind of tax cuts do republicans do?
Answer: Supply side tax cuts.
What are supply side tax cuts?
Answer: Tax cuts for the rich and large corporations (republicans say the rich use that money to create jobs for everyone else.)
The supply side formula is why the bottom 20% got 1% of the Bush tax cut.
And the richest 1% got 51% of the Bush tax cut.
Note: Small and medium sized businesses create the (overwhelming) majority of new American jobs. Americas rich are presently moving their US factories to Asia so they can get cheaper labor.
There are also no spending regulations for supply side tax cuts, so Americas rich can spend that money anyway they want, whether its building a factory in China or buying a new private jet airplane.
And 100% of the cost of these supply side tax cuts gets added to Americas national debt.
So what do you want after reading all of this?
Answer: You want the following.
The following link from NASA explains how 97% of climate scientists say "man made global warming is happening." The staff of NASA are arguably the most intelligent people on planet Earth.
Also NASA has (no) financial incentive to say "man made global warming is happening."
But the majority of studies that say "global warming is not happening" are being funded by ExxonMobile. ExxonMobile tries to stop action against global warming because if we do something about global warming ExxonMobile will loose money.
Now tell everyone that 97% of climate scientists and NASA can not be trusted in matters of global warming, and we can only trust studies that were funded by ExxonMobile.
"CLEVELAND - There are three agencies around the globe that are the keepers of global temperature numbers. The first is NASA. The second is the University of Huntsville in Alabama (satellite temperature records). The third is the University of East Anglia's Climate Research Unit, the UK Met, as it is known. Last week, the UK Met released its latest global temperature data to the world. It shows that the Earth has not warmed in 15 years. The warming ceased after the great super El Nino of 1998.
[LEFT]Dr. Nicola Scafetta, of Duke University in North Carolina, is the author of several peer-reviewed papers on GCMs. He argues the Met Office climate models show there should have been "steady warming from 2000 until now." "If temperatures continue to stay flat or start to cool again," Scafetta said, "the divergence between the models and recorded data will eventually become so great that the whole scientific community will question the current theories."
Professor Judith Curry agrees. She is one of America’s most eminent climate experts and works at the Georgia Institute of Technology. She argued it is becoming evident that factors other than CO2 play an important role in rising or falling warmth, such as the 60-year water temperature cycles in the Pacific and Atlantic oceans.
"The responsible thing to do would be to accept the fact that the models may have severe shortcomings," Curry said. As for the lack of warmer in the last 15 years, she said that many scientists "are not surprised."
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Don't Democrats also say programs like Obamacare and longer unemployment payment is good for the middle class. Obamacare is out of taxes (which is mostly paid for the middle class in sheer numbers) and also forces the middle class to buy insurance which many may not be able to do based on their finances. As for unemployment payments, it just adds to the deficit which the middle class will have to pay off as well, the same as other programs.
Fact BOTH Republicans and Democrats lie. To me though, the Democrats lie more and lie worse.
So the Bush tax cuts, the wars in Iraq and Afghanistan, and the Medicare prescription drug benefit had nothing to do with it? Remember we had a surplus before all those things, with a Democrat president running the helm for the 8 years previous.
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Obamacare is out of taxes (which is mostly paid for the middle class in sheer numbers) and also forces the middle class to buy insurance which many may not be able to do based on their finances. As for unemployment payments, it just adds to the deficit which the middle class will have to pay off as well, the same as other programs.
