Showing posts with label social security. Show all posts
Showing posts with label social security. Show all posts

Thursday, August 22, 2024

At the Chicago DNC, Tim Walz just kept on Rockin' the United Center just like Neil Young or Michael Jordan did

Clear Eyes, Full Hearts, Can't Lose.

Who lies about this?  Why you do Vance. You do.
Just Dishonorable Vance is a liar and discredit
to the Untied States Marine Corps and should
receive a retroactive BIG CHICKEN DINNER

Vice President Tim Walz just delivered a joyous acceptance speech at the DNC.  As America gets to know Tim Walz his authenticity comes through immediately.  At the conclusion of his speech, the United Center was closed with Keep on Rockin' in the Free World, Neil Young gave his special explicit permission to use the song.  Juxtapose this, with the Republicans who repeatedly take without permission other peoples' intellectual property rights and then sometimes produce a grotesque version unfit for human consumption.

Then juxtapose, Coach Walz taking on extra coaching duties in order to pay the lunch debt of students with the numerous Republican Governors who explicitly and deliberately turned down school-lunch programs for impoverished children in the States they control with a tyrannical glee.

Juxtapose Coach Walz talking abut Social Security survivor benefits with the giddy Republicans hoping, wishing, yearning to steal your Social Security

Republicans hate America.  Republicans hate you.  Republicans have nothing to offer the American people. 

Republicans especially hate Coach Walz because he represents a type of masculinity which is alien to them; caring, nurturing, dignified.  Walz's primetime speech was filled with the clear eyed decency which so differentiates the two parties in the 21st Century.

Multiple Republicans attacked
Gus Walz because Republicans
are shitty people
While Tim Walz family clearly loves him, having a teenage son willing to cry joyful tears on a televised event, Trump hates his kids, even ones he acknowledges, hates women, especially those who are venal enough to marry him, and they clearly hate him.  While Just Despicable Vance hates himself and really hates his not white kids.  And good god if you really want to delve into the deep endless morass of Republican hatred and lies take a gander at the despicable Megyn Kelly's horrendous twitter feed (or any other rightwing propagandist for that matter).

Fear, Hatred and Anger are all the Republicans have and the entirety of their political policies and their very souls.  Republicans offer nothing to the American people because they are nothing; empty vessels filed up with the bile and rancor of MAGA lies.  Tim Walz just laid out broadly that the Democratic Party and the Harris/Walz ticket have a great deal to offer America and We, the People.  

Reclaiming the word Freedom sums up much of this; to Republicans Freedom means you are free to do as they say, and for women Republican Freedom means the freedom to be a shackled into loveless marriages and chained into sexual servitude.  Republicans have warped, distorted, and perverted the meaning of words like Freedom, Liberty, and Patriotism.  Kamala Harris, Tim Walz, and the Democratic Party are taking these words back home and making them Ours again.

Understand, as Coach Walz stated, we are in the 4th quarter and down a field goal but, we have the ball and we are on the offense and marching towards the end zone.  The Corporate Media will continually try and blunt Democratic momentum and enthusiasm while ignoring blatant penalties and cheap shots by the dirty Republicans but, a good team can overcome ratfvcking from the refs.

Like Father, Like Son

Victory is right there for the taking all we have to do is fight for it; and when we fight, we win.

Monday, February 5, 2024

The Vibes Economy 2: Republican Thieves are coming to Steal Social Security because they hate you (and your Obamacare too!)

You... Want... This... Don't You?
Fundamentally, Republicans don't believe the Federal Government (or State Governments for that matter) should help the poor, the sick, the downtrodden, or anyone else who doesn't have a big bank account to shower them with campaign donations.

Republicans are coming to steal your Social Security.  This isn't some nefarious secret plot, Republicans proudly and loudly proclaim their intention to eliminate it but, know even if it is reported (not a guarantee) their base of Rightwing drones will simply blame Biden and vote agains the Democrats.

In 2022, Republican David McCormick, millionaire CEO of a Connecticut based hedge-fund, tried to run for Senate in Pennsylvania on a platform of gutting Social Security,

“I think as a matter of reality, those entitlements aren’t sustainable in their current form for the future of our country.  I don’t think my kids are going to be able to live under the same entitlements that all of us that are here. So, I think we have to face that reality and do two things at the same time: keep our promises to people we made them to and change our entitlements in a way that they’re defensible and fundable into the future.”

Multi-Millionaire Republican McCormick thinks his kids won't get Social Security so he plans to steal it now, so he's running for senate again.  The Mega-Rich in America don't build anything, like Mitt R-Money or Elon Apartheid Musk, they are Vultures who swoop in and pick at the bones of Corporations, often by raiding pensions.

Because Boomers were greedy and Gen-X was cynical and stupid, Business and their Republican and NeoLiberal allies convinced them that Social Security was a bad bet and Pensions were "unfair" somehow.  Enter the 401(k) and other personal investment plans. 

I can not glibly say I hope White Men vote to have their Social Security taken away, even if they deserve to get what they vote for because I can not agree with having aGovernment which harms it's constituents.  And understand that is precisely the Government Republicans want.  Republicans hate America and Republican hate you and Republicans want you to have a short, unfulfilled life of toil and misery, with no real education and scant chance you will escape the perpetual wage slavery and corporate bondage they wish to enforce upon you.

Every Republican is invested in lying to you about Social Security and have been for over 40 years.   King Chickenhawk Coward Ronnie Raygun breathlessly claimed Social Security was about to go bankrupt just before his dementia set in  Speaker Mikey Johnson barfed forth the same odious lies,

“The reality is, they’re headed towards bankruptcy,” Mike Johnson said in his July 2022 C-SPAN appearance. “In just a few number of years, Social Security goes belly up. So does Medicare, Medicaid, all of these big-spending programs because we’re drowning in debt.”

Republicans hate you and want you to work from childhood until death.  The ability to retire before your body fails you completely has galled Republicans for decades.  

Eric Hovde, another Millionaire Republican, who plans to run for Wisconsin Senate in 2024, doesn't want younger Americans he plans to lord over to retire;

"The retirement age is still 65, life expectancy is 79. So my view on Social Security is real simple.  If you’re 50 or older we’re not going to touch it. If you’re under 50 you’re going to add two years to retirement age. If you’re under 40 you’re going to add two more years and if you’re under 30 you’re probably going to have to add another year.”

Republicans are banking on the Boomer base to continue fucking over the younger generations and expect them to vote to pull the ladder up.  For Republicans you get to rest when you're in the grave, you get to relax when you're dead.  Until your death, Republicans expect you to work.  "Retirement" is for the idle Rich and Republican politicians like John Boehner who do their duty cutting the social safety net and ensuring the American working class labors themselves to death.  Republican propagandists are clever maybe they could call their swindling of social security, The 10-to-65 Plan.  Maybe the Republicans could get Robert Lamm and Chicago to adapt their mega hit 25 or 6 to 4?  To Work yourself to death fro 10 to Six-ty-Five.

One of the things which becomes irritating is Rightwing propagandists as they age out, they get to retire to an Emeritus position Glenn Beck.  One of the bon mottes, Beck has liked to invoke for 10 years is there's no Hebrew word for retire or retirement;  

"He has a new book called Buried Treasure: Secrets For Living from the Lord's Language, where he is taking Hebrew and showing ‑‑ for instance, I love this, and this isn't in the book and let me just make this side note. One of the things he taught me was, "Glenn, there is no such thing ‑‑ there's no Hebrew word for retirement. It's not in the Bible. There's no word for retirement, not part of God's plan."

What toil what labor has Beck every done in his life? He's worked at Radio stations since he was a kid. Beck claims if he were to retire, he'd just get another job.  He's never done a job which requires physical labor and Beck had so much lazy free time on his hands he decided to get hooked on booze and drugs. Yet, here's a man who invokes god and has changed religious affiliations so often he thinks nobody get to retire because of God's plan.  Of course, Glenn Beck's wrong because even God Rested after creating all manner of beasts, the Earth, and the Universe.  What's worse is Beck continues to this day to lie to his listeners about Social Security.

Of course, even amongst the well-compensated next generation of rightwing liars, millionaire Charlie Kirk  would also like to steal social security and eliminate the idea you can retire,
Look, for current beneficiaries, none of – none of your obligations should be touched. So in the future, and I'm talking about my generation, I – I'm 29 years old. I'm willing to say, you know what, I'm willing to strike a deal so that people in their twenties are going to get next to nothing for future Social Security if it means we can balance the budget.
Kirk gets a lot of money to go to Campus and per formatively attack freshmen college kids over their views.  He also hosts the roving, never-ending CPAC circus.  I'm not sure how that's a job but, he's wealthy so he's more than willing to cosign his generation to never-ending work.

Nikki Haley, whom the Corporate Media so fucking desperately wants to be the Nominee so they can pull her over the finish line as the Media works to defeat President Joe Biden, absolutely believes you the American people need to work until you drop dead,
“What you would do is, for those in their 20s coming into the system, we would change the retirement age so that it matches life expectancy.  It’s the new ones coming in. It’s those in their 20s that are coming in. You’re coming to them and you’re saying, the game has changed. We’re going to do this completely differently.” Haley said on Fox News in March of 2023.
Republicans believe by telling the Boomers, don't worry we won't touch your Social Security, we'll just make sure those lazy, crazy Millennials and worthless confused Zoomers don't get it.  I think it's a working strategy I think Boomers are overwhelmingly going to vote for Trump and overwhelmingly vote for Republicans again.   A open question is whether Gen-X'ers, who've been raised in this BothSides are too blame landscape, will vote for Republicans?

So, at this point remember it's not me finding some rightwing random on-line espousing crazy views on Social Security; elected Senators, Congressmen, candidates for President, the Speaker of the House, two former Republican Presidents, and major conservative media personalities are pushing to eliminate Social Security.  I'd like to believe evidence would alter the minds of voters, but what we've seen clearly most Americans do not vote on their so-called policy positions.  So, we'll see if Republicans stated desire and plans to steal social security motivate younger voters or if the allure of Trumps nascent fascism and appeal to white power draws them in.  The Corporate Media will continue to do their best to soften Republican perfidy and dismiss peoples' concerns as they did with Abortion, which we know Republicans will never eliminate and we all know Republicans will never criminalize women who get abortions.

Republicans are a fascist organization which plans to impose the most austere, most murderous Government onto its own people.

Thursday, July 20, 2023

Multi-Millionaire Ron Johnson wants to steal your Social Security and donate that money to his campaign

The Milwaukee Journal-Sentinel does excellent work covering the perfidy and disingenuousness of Republicans.  Especially, the galling faux folksome populists of obscenely rich Millionaires who pretend to regular hardscrabble joes but are rapacious rich assholes who enrich themselves via taxpayer dollars.
The multi-millionaire Oshkosh Republican on May 3 repaid himself $400,000 for prior loans to his campaigns, according to documents filed with the Federal Elections Commission. Those payments from his campaign account included$210,000 in loans to his 2010 campaign and $190,000 in loans he made to his 2016 campaign.
By the way this is totally legal as the Supremacist Court ruled in Ted Cruz's favor in 2022 that campaign donations belong to the candidate; Russia if you're listening...
Despicably at the same time Ron Johnson is sending out emails begging for campaign donations;
"I’ll get straight to the point: even though we won, my campaign had to take on some debt.  I was hoping I could convince you to chip in now to help me pay off this debt."

He has the utter gall, the absolute temerity to say this, during a July 12 Senate hearing on Social Security,

"When I talk to Wisconsinites, they just have a basic misperception about Social Security. I mean, I think this was originally sold as, okay, we are going to as a nanny state, we're going to make sure that you are gonna have money for retirement. So we're gonna extract wages or taxes from your wages and we're gonna set up an account for you so that we're going to save it for you for your retirement cause we don't trust you to save for yourself. So most people think, well, that's my money, and in fact, a part of it is. But as Senator Grassley was talking about, if you're in a low-income group, you're getting a lot more in return than you ever invested in."

"Again, on the lower end of the income scale, you're getting a lot more than what you paid in, if you're in the high income, you're not getting what you paid in. And wasn't that sort of the deal? This was not a general welfare system.  This was really designed, we're gonna make you save for your retirement and then you're gonna get back what you paid in." 

Rich assholes are absolutely incensed that a meager social safety net exists.  How dare you have the chance to not work yourself to death.  How dare you poor people get a little bit of money to retire and rest.  How dare you get a couple bucks more when you are old.  The! Rich! Want! That Fucking Money!  As soon as Republicans have enough control of the Federal Government they will raise the age for Social Security benefits, reduce the amount the Zoomers and Millenials can draw in their lifetime and ensconce other mechanisms into Law to ensure that one day very soon Social Security will be gone.  House sQueaker and Major Traitor Greene paramour Kevin McCarthy said this himself this week,

“This isn’t the end… We only got to look at 11% of the budget to find these cuts.  It’s Medicare, Social Security, interest on the debt.”

Bemoaning the Corporate Media is such a stupid very on-line hole I've dug myself into and yet here I am again, wondering why President Biden isn't being lauded for using the State of the Union to call out Republican Plans to Swindle Americans out of Social Security and why "Journalists" aren't apologizing for listening to Major Traitor Greene as she screamed "Liar" on the House Floor?

Wisconsin Senator Ron Johnson is fabulously wealthy.  He and other Rich people are fed up with America.  Republicans are not only coming to steal social security, they are coming for everything won during the last 100 years.  Bodily autonomy, reproductive rights and freedom, worker safety, child labor laws, Republicans are fighting a War on all Americans to End the American Dream and reduce you to wage slavery and perpetual corporate bondage.

Tuesday, July 18, 2023

The Fascist Florida Project: Ron DeSSantis hates SSI but loves his personal SS

It appears the only thing which is going to save the Untied States from a Fascist Ron DeSSantis Presidency is Ron DeSantis himself.  The stench of dead fish Red Tide wafts not only from Florida beaches but from Ron himself.

The Corporate Media were stepping all over their own dicks to anoint DeSSantis the next Republican candidate for President! back in May, since then the unlikeable smarmy DeSSantis has steadily dropped and as the more the people see of him the less they like.

"So when people say that we're gonna somehow cut seniors—that is totally not true," Talking about making changes for people in their 30s or 40s so that the program's viable —you know, that's a much different thing and that's something that I think that there's going to need to be discussions on," he said.

Republicans are coming for your Social Security.  They absolutely are coming to steal it and slash the social safety net to shreds.  And they brazenly contradict themselves because their brainwashed rightwing drones can't vote for the baby blood drinking Democrats.   Which is as horrible as it is predictable.  But, it's absolutely terrifying DeSSantis has stood up and recreated a Brownshirt Paramilitary Organization;

Rosa Park-ish
Scott Walker the Second
Unnamed Nazi
A Florida state guard established by the rightwing governor, Ron DeSantis, under the guise of a civilian disaster relief force is instead being trained as an armed, combat-ready militia under his personal command, according to military veteran recruits who have quit the program.

  • There are multiple frightening takeaways:
  • The psychological and abusive physical tactics used against good-meaning people who signed up, including disabled Veterans.
  • Getting the Florida Legislature to drop rules adopted in 2022 of using this group as a disaster response force in Florida and changing their mission to "law enforcement", including outside the state and against "illegal immigration".
  • Expanding the budget from $10 to $100 million to purchase military equipment.

“The program got hijacked and turned into something that we were trying to stay away from: a militia,” said Brian Newhouse, a retired 20-year Navy veteran who was chosen to lead one of the State Guard’s three divisions. The original leadership team envisioned a disaster response team of veterans and civilians with a variety of practical skills, according to Newhouse. Two other former military veterans, who asked not to be named for fear of potential consequences and later quit, expressed similar concerns over a change in the State Guard’s mission

Oh, this is a militia only in the sense that the SA (Sturmabteilungwere a militia in 1930's Germany.  From Yale University Timothy Snyder's 20 Lessons of fighting Tyranny from the Twentieth Century 

Be wary of paramilitaries. When the men with guns who have always claimed to be against the system start wearing uniforms and marching around with torches and pictures of a Leader, the end is nigh. When the pro-leader paramilitary and the official police and military intermingle, the end has come.

This Florida State Guard will end up mimicking the treasonous South Carolina State Militia at Fort Sumter in 1861 if Casey DeSantis has her way.  Understand none of this is concerning whatsoever to millions of conservatives.  Republicans and Rightwingers don't believe in principles of limited government and don't distrust the State.  Republicans yearn to meld the power of their rightwing paramilitary terrorist groups with the legal apparatus of the Department of Justice and mete out "Justice" to the Non-MAGA.  Conservatives jettisoned their so-called beliefs, morals, and ethics long ago, Donald John Traitor Trump merely gave them the green light to let their Fascist Flags Fly.

There is no fundamental difference between today's Republican Party and Apartheid South Africa, the Slave Masters of the Confederacy or Nazi Germany.  The only difference is the power the American GOP wields.

Understand it's not just Pudding Fingers Ron who is determined to make Florida Fascist and Make America Florida.  Recall the things floated and implemented by the Republican Florida Legislature:

These are just some of the egregious overreach by DeSSantis and his pliant Legislature.  A key component of fascist rule is to issue contradictory, confusing, or chaotic rules and to place the onus on well-meaning persons to enforce them.  You then become an unwitting pawn in advancing the rightwing agenda.  Timothy Snyder listed this as his 1st Rule of wannabe Tyrants and authoritarian groups like the Florida Republicans;

Do not obey in advance. Much of the power of authoritarianism is freely given. In times like these, individuals think ahead about what a more repressive government will want, and then start to do it without being asked. You’ve already done this, haven’t you? Stop. Anticipatory obedience teaches authorities what is possible and accelerates unfreedom.

Wednesday, February 8, 2023

George Santos and Marge Greene are the Ultimate Republican Fuck You to America because Republicans hate Americans

Besties Forever

"It will be my objective, to phase out Social Security, to pull it up by the roots and get rid of it. People who advise me politically always tell me that's dangerous and I tell them, "in that case is not worth my running." That's why I'm doing this, to get rid of that. Medicare and Medicaid are of the same sort and need to be pulled out." - Republican Senator Mike Lee.  How DARE President Biden say the Republicans want to eliminate Social Security!

Republicans hate America.  This is incontrovertible.  The election of Trump; a known conman, a child rapist, a liar who claimed heroism on 9/11, a chickenhawk coward, a thief, and that was all before he took over the Presidency and the crimes he committed in the White House included no less than the worst attempt to overthrow the United States since the last time conservatives tried to overthrow the United States during the Civil War.

Since, Trump's treasonous Regime slunk out of DC, the entire political platform for Republicans is no less than the destruction of the American experiment and the creation of a NeoConfederate Nation built upon an edifice of unequal protection under the law and a reduction of the American people to penury and wage slavery.

Republicans have nothing to offer the American people.  Nothing.  It was on vivid display last night at the State of the Union.  The Republicans entire governing platform is; Fear & Anger and they are dedicated to reducing the standard of living and raising the cost of everything from medical care, gasoline, everything. 

A day after braying, Large Marge claimed
Twitter violated her and the 1st Amendment
To that end George Santos and Major Traitor Greene are the quintessential Republican Congresspersons and a perfect representation of the Modern GOP.  Certainly, 'George Santos' is not the first liar of extraordinary shamelessness; Gym Jordan, Matt Gaetz, Ted Cruz, Josh Hawley, and the aforementioned Mike Lee, as well as Republicans dating back over 30 years are the exact opposite of what they claim to be, and the antithesis of the ethics, morals, values they purportedly claim to espouse.  Santos is merely the most shameless.

'George Santos' entire backstory and persona was crafted by Republican Strategists to inoculate him from any criticism from The Left.  He was going to be the Republican who could attack Gays, attack immigrants, and look even after every revelation, "Santos" still feels utterly confident in besmirching Alexandria Ocasio-Cortez and Mitt Romney.

"No, you did that to me. And that was wrong, and it was against the law. It's not only me that you violated, you violated my First Amendment rights; you violated countless conservative Americans." - This, of course, is untrue on several levels.  Gym Jordan understands this... And the ridiculous GOP House Oversight Committee where Greene uttered this tripe, former Twitter employees revealed that in 2019 Trump as President demanded Twitter remove Chrissy Teigen's tweet.  It's been shown time and time again Twitter allows rightwingers and Republicans to consistently violate its' former Terms of Service (ToS) because the employees know Republicans are whiners and crybabies who accuse others of the exact crimes they commit.  Remember every Republican Accusation is a Confession. 

So, that's where we are... Republicans have nothing to offer but lies, constant "cultural war" anger, and repeated free mongering.  And they deliver all of this as boorish louts, jeering trolls, and classless hecklers.

I'll say it again.  Get Ready... Republicans are building up a to boiling point, to an inflection point when violence will not only be the "right answer" but, the only answer.  Republicans and Rightwingers are yearning to murder millions of Americans.

Monday, February 6, 2023

Every Republican wants to steal Social Security

Even Flies know, 
this Guy's Full of Shit
Watch out, slick as shit Republicans have changed their rhetoric every so slightly, calling their plan to swindle Seniors and future Americans out of their Social Security by calling it Spending Reform.  Much of the Republican policy proposals consist entirely of repackaging shit that's become toxic and unfavorable with brand new name.  Hence, Entitlement Reform which polls poorly is now Spending Reform!  

But understand, when it comes to appealing to the American people Republicans don't believe their product needs to change just the way they present it.  And for years Republicans have wanted to eliminate everything which helps the American people because they want you poor, hungry, and desperate.  Ready and willing to accept any and all jobs and with no prospect of retirement.  Republicans want you to work from 18-65 and then die.  (If you really want to understand the rightwing lizard brain when it comes to how much Republicans hate people read the Heritage Link form 2019 about "reforming" Social Security, Medicare, and Medicaid. Just Murderous.)

Will the Corporate Media have the stones to cover this honestly?  I don't think so, since the Corporate Media's job is to massage Republican perfidy into something that seems rational, normal, and acceptable.  Instead of accurately portraying Republican proposal the Corporate Media ties itself into rhetorical knots to make the plain outcome of Republican policies seem to be the opposite of what Republicans earnestly propose.

Republicans have insisted for years that they will eliminate Abortion Nationwide if given the chance.  The Republican Supremacist Court furthered that plan by aborting Roe v. Wade and Planned Parenthood v. Casey.  Up to and even after Sammy di Puzzi Alito and Ginni Thomas leaked the opinion the Corporate Media was gainsaying and poo-pooing anyone who pointed out the Republicans always argue in bad faith and are disingenuous with everything they say.  But, the Corporate Media always ignores Republican actions and insists on catapulting the Republican propaganda.  So, Republicans march forward to eliminate Women's reproductive freedom and rights.

Now that Abortion is tantamount illegal in numerous Republican States, Republicans have dropped their bullshit claim that Abortion is a matter best left to States to begin their push to get rid of Abortion everywhere in the United States permanently.  Republicans can advance their nationwide ban with confidence knowing the Media will never cover it until it's a fait accompli and then well I'm certain some phony rightwing outrage over Gay Transgender M&M's or WOKE US Navy aircraft carrier designs will dominate the news cycle.

Human Simulacrum Mike Pence is trying to jump-start his 2024 Presidential ambitions by vowing to steal Social Security,
“I think the day could come when we could replace the New Deal with a better deal. Literally give younger Americans the ability to take a portion of their Social Security withholdings and put that into a private savings account.”
This is lame idea is literally the W(orst POTUS Ever) plan of circa 2004-05, and was fervently what Republicans wanted to have happen in order to stave off the Republican Recession of 2007. Bush et al knew that by stealing social security and funneling it into Wall Street the Republican economic policy which always leads to ruin would have been pushed off for a few more years and fallen square onto a Democratic President's shoulders instead of ruining the last two years off Bush's Evil tenure of murder and mayhem. Instead Republicans crashed the economy as they always do and couldn't convince enough people that it wasn't their fault in 2008.

Now, we are seeing the Republicans pushing forward with the Debt Ceiling brinksmanship in order to get President Joe Biden to agree to cuts to the Social Safety Net, the elimination of Social Security, and the abolishment of another plank of the Progressive Era of the 20th century.

But, Qevin McCarthy has a problem in that Trump already sabotaged the Republican plan to steal Social Security and Republicans can't agree on what GAY WOKE Military budget items they wish to eliminate.  So, the Republicans are left with coming up with cheap lies about work and nebulous spending cuts.

"People come up to me, they actually want to work longer." - Republican Representative Rick Allen of Georgia said in January. Allen was part of craven 2022 Republican coven which proposed raising the retirement age to 70. Because Republicans want you to work and then die. They don't want you to "retire". Retirement is saved for the 1% not the hoi polloi 

Giant Texas asshole Jodey Arrington appealed to the Great Bipartisan Holy Grail of Tip O'Neil and Ronnie Raygun agreeing to devastate Social Security (If you'll recall back in 1981 Ronnie told America Social Security was on the verge of bankruptcy) in 1983 Budget talks and hopes to once again put a steak knife through America.  The New Republican House is primed with Regressive Trolls who think they can win this fight because they've no problems destroying America.  In fact, that's what they want to do.

Thursday, January 12, 2023

The Republicans are coming for Social Security... Again

"As you know, the Social Security System is teetering on the edge of bankruptcy," Ronnie Raygun letter to Congress May 21st 1981.
Glad to be here!
A key plank of the Republican Party platform is destroying Social Security.  Since at least the 1970's Republicans have declared Social Security is on the verge of bankruptcy.  Now, 50 years later the perfidious Republicans have gained control of the US House their first priority is to eliminate social security.

"My friend Jody Arrington wants to look into the budget and also look into entitlements. Do you know social security is going to be insolvent in 2035?" well-known thief and bribe accepting Republican Byron Donalds told Joy Reid as Republicans yet again lie and declare the Social Security Trust Fund on the verge of Bankruptcy.

Republicans always make time to craft a plan to end Social Security because Republican hate that SSI and the Social Safety Net even exists.  Republicans chafe and become incensed at the idea of Americans living long lives after retirement.  What Republicans want is for Americans to go to work as young as possible and work their entire lives before dying quickly immediately upon retiring.  Republicans dream and want you to have the dignity of working yourself to death.  This is the Republican version of the American Dream, and as we've seen for the past 40 years Republican Dreams are Nightmares for everyone else.

Back in 2004-2005, Bush and the Republicans were certain they could swindle American Seniors out of their Social Security, "I earned capital in this campaign, political capital, and now I intend to spend it,"  Bush declared as he embarked on his plan of stealing Social Security.

In 2010, George W(orst POTUS Ever) Bush famously stated his only mistake while in office (His Only Failure!) was not privatizing SSDI and "In terms of accomplishments, my biggest accomplishment is that I kept the country safe amidst a real danger." (WITH RARE EXCEPTIONS!) 

The Republican Plan for SSDI was to roll it into the Stock Market Balloon, which at the time was expanding and would never burst!  What Republicans knew then was they desperately needed to prop up the Stock Market Bubble with real money to back all the gambles that were about to go full tilt. You see if W(orst President Ever) had managed to put the US backed Two Trillion Dollar Trust Fund into the Stock Market it would have forestalled the Great Republican Recession of 2007 by several years, instead Bush oversaw the destruction of decades of wealth and the worst economic disaster since the Great Republican Depression of 1929.
"Republicans' agenda is what it always was -- turn the Social Security seniors worked hard to earn over to Wall Street," said Democratic Congressional Campaign Committee Press Secretary Ryan Rudominer. "If Republicans has their way, seniors could have lost 40 percent of their retirement investments when the market crashed. America's seniors deserve better."
After the Tea Party waltzed into the White House on the backs of White Hot Anger over Obamacare and President Obama himself, the John Boehner, Paul Ryan, Eric Cantor (and Kevin McCarthy) Teabaggers aided by the Republicans in the Senate engineered the debt limit crisis and government shutdowns to try and goad, cajole, or convince President Obama to sign a Social Security "Entitlements" reform package slashing benefits for Americans.  How close President Obama came to signing such an agreement is debatable and bad faith dirtbag leftists have been claiming Obama wanted to do it for a decade now and using that as justification for voting against Democrats.  In reality, there was no Boehner entitlement "reform" despite years of the Corporate Media trying to force it happen.

Speaker Pelosi's office released a succinct analysis of John Boehner and Paul Ryan's House Leadership, "Instead of helping seniors," explained Speaker Nancy Pelosi's office, "Republicans, backed by their allies on Wall Street, are threatening to privatize and cut Social Security, just as they tried to do under President Bush." 

Now it's 2023 and the Zombie Lies of Raygun refuse to die as we see Bryon Donalds repeat the moldy canard of 'Social Security going bankrupt'.  Meanwhile, every other Republican Congressman can't wait to tell the old people who love Faux News that; 'Why...Yes we are coming for your benefits.  Yes we are coming for your meager medical coverage.  Yes we are coming to put you into the grave.'

"If we really want to talk about the debt and spending, it's the entitlement program that's 70% of our entire budget. So, if we want to talk about big reforms I look forward to hearing that from those folks who are pushing towards a balanced budget," Republican Michael Waltz told Stuart Varney and all the elderly rightwing faux devotees who enjoy cutting their benefits because they know it'll hurt those people more!

Meanwhile, Steve 'David Duke without the Baggage' Scalise gleefully took to the podium to announce to Corporate Media that why yes the Republicans will most definitely Fuck that Chicken of the Debt Ceiling in order to force President Biden into cutting Social Security.  Because "working the refs", i.e. getting the Corporate Media to uncritically repeat rightwing talking points is a successful strategy to advancing the Republican Agenda of Intolerance, Oppression and reducing the American people to Penury and Eternal Wage Slavery.

Saturday, September 7, 2019

Joni Ernst plans to castrate Social Security as Republicans push to destroy the American Dream

The long term dream of the Republican Party has been the elimination of the social safety net and the crushing of the American people.

A key pillar of Republican agenda to remove the hope of retirement and crush the American Dream has been stealing Social Security. George W(worst POTUS Ever) Bush tried to roll the entire SSI into the Stock Market in 2005, this would have been a brilliant move because the 1% would have managed to steal the entire Social Security fund and stave off his Great Recession while simultaneously sending millions of Americans into penury and early deaths.

Republicans want Americans to work until they are too sick, too old, or injured and then die. That's the reason Republicans loathe Obamacare so much, it ensures people will receive at least some medical care instead of losing their entire life savings and then dying quickly as Republicans prefer.

Senator Joni Ernst is apparently the new face of Republican mendacity. Republicans rolled out Joni during the Bart  O'Kavanaugh Supreme Court hearings to talk about her sexual assault. Ernst then dutifully voted to confirm Justice Bart I Love Beer & Rape. Now, Ernst seems to be floated as the new face of the Republican Path to Penury.

Ernst told her Iowa constituents, it's time for some sacrifice,
"How do we sustain Social Security for some of our younger workers? We know that there is a point in time when we as Congress will have to address the situation, and I think it’s better done sooner rather than later, to make sure that we shored up that system. So, it’s a broader discussion for another day. But I do think as various parties and members of Congress, we do need to sit down behind closed doors so we’re not being scrutinized by this group or the other, and just have an open and honest conversation..."
One of the brilliant tactics used by the Republican Party is to inflict pain right now and not worry about the long-term fallout or electoral pushback. Because Republicans know whatever damage they do Now will be forgotten when Election Day rolls around.

Once Republicans get Americans to give up Social Security, it will be gone forever as Republican push their agenda of Oppression, Intolerance, and crushing the American worker into a life perpetual Corporate Bondage and wage slavery.

Sunday, February 15, 2015

Vicious Conservatives have broken the Social Contract in order to shred the Social Safety Net

The Guard Dogs of the Plutocracy, the Republican Party in the 114th Congress are tasked with destroying the Holy Grail of the Social Safety Net, Social Security. Thus, they immediately took up the task of swindling the 99% out of their earned benefits by setting disabled Americans against elderly Americans.

By the end of 2016, Social Security Disability Insurance (SSDI) benefits, which benefit 11 million disabled Americans, will be facing a budget hole, so of course, the Republicans are using this opportunity and their Congressional control to change the way funds are transferred between Social Security to SSDI. The Republican changes demand any transfers to Disability funds must be accompanied by benefit cuts or tax increases.

Republicans have no problem using Legerdermain and chicanery to accomplish the goals of their Rich Masters. Vicious Conservatives are out to swindle Social Security in order to remove any hope of help for poor retired Americans or those unable to work due to injury and illness.
"Our preference has always been that the depletion of the DI trust fund become the impetus for comprehensive Social Security reform," Ed Lorenzen, senior advisor to the Committee for a Responsible Federal Budget.
Vicious Conservatives, their Libertarian "intellectuals" and Republican Masters seek nothing less than the return of the Feudal System in which Corporate Monsters like Duke Energy, AmWay and Koch Industries are in charge of huge swaths of the Nation-State beholden to no government, constrained by no regulations and free to crush the working class under the iron heel of wage slavery and corporate bondage.

Right-Wingers readily go along with this because they no longer see a compact with their fellow Americans. They've been conditioned to view 47% of their countrymen as moochers. They've been lead to believe Republicans will stop "those people" from stealing Social Security. They'd rather Let'em Die.

But, Republicans can not tell their duped right-wing drones that they are actually out to destroy Social Security entirely, including for them, so they lie about saving it and return to the tried and true method of warning them of "fraud".

Congressman P90X Ryan who benefited from Social Security as a teenager, when his father died, wants to pull the Ladder Up and make sure it isn't there for poor Americans but, doesn't want to be known as the Granny-Starving Congressman, so the Ways and Means Chairman sent his sub-chairman Republican Representative Sam Johnson to proclaim SSDI is "fraud-plagued",
"This program cannot afford more fraud. It is only a matter of time when Congress may be asked to bailout this program with the retirement side having to come to the rescue. If that is the case then all taxpayers and beneficiaries will shoulder the crime wave."
The crime wave? Ridiculous. What Republicans think is a crime is that Poor and Working Class people have protections from Vandal Capitalists. So, they are fervently working to remove that protection.

Without any Government protection, you and your fellow working class members will have No Shield from rapacious capitalists who see no country and no countrymen. To them there are only assets and liabilities.

So what are you going to do when Koch Industries dumps 4000 tons of Petcoke on your doorstep? Whom will you turn to for assistance when a pipeline bursts and floods your drinking water with sweet, sweet crude oil? How will you eat when Social Security is declared insolvent after the next Wall Street implosion? What hopes for redress will you get when Obamacare is repealed and you're denied medical care for your pre-existing condition?

You will have none; just as the Republican Lap Dogs of the 1% intend. Getting rid of Social Security and having their duped vicious Conservative drones aid them will help the Republican Party shackle Americans with the chains of Wage Slavery.

Thursday, January 15, 2015

John Wrana's death and Police Use of Force

Park Forest Police Officer Craig Taylor is on trial for killing 95 year WWII Veteran John Wrana during a July 2013 incident at the elderly man's retirement home.

During the incident, Taylor used Less than Lethal shotgun beanbag rounds when Wrana brandished a knife. Taylor fired 5 rounds and the autospy reported two rounds struck Wrana in the abdomen and one in the chest. Wrana died five hours later of internal bleeding from the blunt force trauma.

Now, Taylor wasn't the only Officer present, four other Park Forest officers responded as well. During testimony, two of the others stated they were in fear of their lives during the incident, with the on scene Surpervisor testifying, "I thought deadly force was authorized and we were using reasonable force under the circumstances."

However, a use of force expert and former Secret Service surpervisor Francis Murphy, referred to the 5 officers' tactics as "officer-created jeopardy", criticized their decision making, and offered up several alternatives they should have used,
"They didn't start by giving it a cooling-off time. They kept going into his room and agitating him."
Murphy did testify trying to shield rush Wrana or using pepper-spray could have jeopadized the officers or caused serious injuries to Wrana as well.

Do the facts that Wrana was a white 95 year old WWII veteran and Taylor is an African-American have anything to do with the decision to prosecute? I don't know.

I do know something about this type of incident, having responded to several near exact situations. In a recent one, I responded to a call out to an Hospice/Elder Care building.

At 2 in the morning an elderly, confused, angry and frightened man had somehow gotten an old claw hammer (not an Estwing) which he had hit a nurse in the shoulder and was outisde his room pounding on doors and furniture.

My on duty sergeant and another officer showed up. While my Sergeant chatted up the old man I moved to his side and out of his perherial vision. Several pieces of furniture had been moved around the man by members of the staff. He absent-mindedly brandished the hammer and at one point raised it up over his right shoulder. At which point I grabbed the hammer and yanked it from his grasp.

The man turned at me and demanded I return his hammer calling me a "little sneak thief". While the gentleman refused to go to his room, he sat down in a nearby chair and quickly fell asleep.

So, what should be lesson and take away from this and other Use of Force incidents?

I'm not sure. What I do know is I and other Police Officers are being counted upon more and more often to respond to incidents which really require trained medical personnel or Social Workers. But, because right-wingers have thrown in with the Guard Dogs of the Plutocracy, funding for those people and programs has been slashed mercilessly.

And now Republicans are coming to steal Social Security and working on rolling back even the modest gains from Obamacare.

Thursday, October 17, 2013

How to "Save" the Republican Party

Step 1) Get President Obama to make Real and Substantial cuts to Social Security, Medicare and Medicaid.

Step 2) Triumphantly tell Wall Street Thieves they got the cuts they've always wanted while crying to the MSM they never wanted to cut Social Security or Medicare.

Step 3) Roll Social Security into Wall Street were the Trillions will be clipped, stolen and find its' way into a few thousand Cayman Island and Swiss Bank Accounts

Step 4) Run ads in every campaign for every office for the next 100 years that President Obama and the Democrat Party cut Social Security.

I don't care about the Republican Party except for the best ways to combat their evil actions and fascist goals. Right now, we have a chance to treat the Republicans the way conservatives want to treat poor people and the uninsured and "Let 'em Die!"

Sure, we might need functioning Parties in America, but what we need are political groups who represent American Values. And American Values are Center-Left, fiscally conservative, socially liberal and progressive in their make-up.

The Modern Republican Party is an Ultra-Reactionary cabal of Religious Zealotry, Gun Nuttery, Rank Bigotry, Vicious Inhumanity and Base Hypocrisy funded by Vulture Capitalists.

Remember George W(orst President Ever) Bush only started losing Public Support when he embarked on the Campaign to Steal Social Security. His favorability ratings began dropping with conservatives in 2005 after W declared he was going "to expend his political capital" and privatize* Social Security. Bush had been disliked by Liberals when he ignored the August 6th memo Bin Laden determined to Strike in US, when he lied American into War in Iraq over falsified connections to Al Qaeda and phony WMDs and when he approved Torturing people, but conservatives didn't mind any of that.

Since, then the American People have overwhelmingly rejected the politics of Republicans and their goals of Austerity, except for the infamous 2010 elections when the Plutocracy made a desperate Battle of the Bulge style lunge and inflicted the Faux populist Tea Party fanatics upon the Nation.

There has been a clear message of eliminating the disastrous Bush Tax Cuts, thwarting the Fascist Designs of the Party of the 1%, and a rejection of 35 years of Piss Down Our Back and Tell You It's Raining Reaganomics.

But, I'm worried that now having gained some momentum, President Obama will look to solidify his Legacy and that Neo-Liberals in his circle are telling him that He is the One who can change Social Security and that a Grand Bargain of cuts to Earned Entitlements for some window dressing changes to the Tax Code is the way to do it.

Of course, cuts to Social Security, which are overwhelmingly rejected by 90%+ of Americans, would indeed secure President Obama's Legacy... As the man responsible for saving the Ultra-Reactionary Republican Party and the Creation of the Neo-Feudalist Wage Slave State.

*- whenever a Republican says privatize it means steal.

Thursday, February 28, 2013

Makers and Takers. Republicans have a jobs plan for 100% Employment. It's called Slavery.

How did the Rich get their Wealth? By stealing the Labor and Wealth of the Poor. You can call it whatever new name the Rich have dreamed up; Austerity, Fix-the-Debt, Sequestration, Trickle Down Economics but it's all the Rich using the Power of Government to steal from the Middle Class and the Poor.

Now, for the past 30 years Republicans have gotten bolder and more outspoken in their plans to help the Rich institute a Neo-Feudalist Wage Slave State under Corporate Dominance.
"I've been dealing with the minimum wage issue for the last 28 years that I've been in elected office," House Speaker John A. Boehner said to reporters on Wednesday. "And when you raise the price of employment, guess what happens? You get less of it."
John Boehner is a Republican; Republicans work for the Rich. Anything which hampers the ability of the Rich to steal more and more of the labor produced by the American Middle and Working Class is anathema to them. The Rich have ordered the Republicans to Destroy the Middle Class, President Obama had better not help them.

Under President Obama Income Inequality has continued to grow and even accelerated. In the third quarter of 2012, Corporate Profits were $1.75 trillion, up 18.6% from a year ago, after-tax profits are at their greatest percentage of GDP in history. But the record profits come at the same time Workers Wages have fallen to their lowest-ever share of GDP. Pretty Shitty Marxism...

While Corporate Profits are at an all time High, CEOs use the Carried Interest Tax Loophole and Off-Shore Tax Havens to hide Hundreds of Billions of Dollars.
1. Bank of America CEO Brian Moynihan.
  • Number of Offshore Tax Havens in 2010? 371. 
  • Amount of federal income taxes Bank of America would have owed if offshore tax havens were eliminated? $2.5 billion.
  • Amount of federal income taxes paid in 2010? Zero. $1.9 billion tax refund.
  • Bank of America received a $1.9 billion tax refund from the IRS in 2010, even though it made $4.4 billion in profits.
  • Taxpayer Bailout from the Federal Reserve and the Treasury Department? Over $1.3 trillion.
 2. JP Morgan Chase CEO James Dimon
  • Number of Offshore Tax Havens in 2010? 83.
  • Amount of federal income taxes JP Morgan Chase would have owed if offshore tax havens were eliminated? $4.9 billion. 
  • JP Morgan Chase has stashed $21.8 billion in offshore tax haven countries to avoid paying income taxes. If this practice was outlawed, it would have paid $4.9 billion in federal income taxes. 
  • Taxpayer Bailout from the Federal Reserve and the Treasury Department? $416 billion. 
3. Goldman Sachs CEO Lloyd Blankfein
  • Amount of federal income taxes paid in 2008? Zero. $278 million tax refund.
  • Number of offshore tax havens in 2010? 39.
  • In 2010, Goldman Sachs operated 39 subsidiaries in offshore tax haven countries.
  • Amount of federal income taxes Goldman Sachs would have owed if offshore tax havens were eliminated? $3.32 billion.
  • Taxpayer Bailout from the Federal Reserve and the Treasury Department? $824 billion.
  • During the financial crisis, Goldman Sachs received a total of $814 billion in virtually zero interest loans from the Federal Reserve and a $10 billion bailout from the Treasury Department.
 4. General Electric CEO Jeffrey Immelt
  • Number of offshore tax havens? At least 14.
  • Amount of federal income taxes General Electric would have owed if offshore tax havens were eliminated? $35.7 billion.
  • GE has stashed $102 billion in offshore tax haven countries to avoid paying income taxes. If this practice was outlawed, it would have paid $35.7 billion more in federal income taxes.Amount of federal income taxes paid in 2010? Zero. $3.3 billion tax refund. In 2010, not only did General Electric pay no federal income taxes, it received a $3.3 billion tax refund from the IRS, even though it earned over $5 billion in U.S. profits.
  • Taxpayer Bailout from the Federal Reserve? $16 billion.During the financial crisis, the Federal Reserve provided GE with $16 billion in
  • financial assistance, at a time when Jeffrey Immelt was a director of the New York Federal Reserve.
  • Jobs Shipped Overseas? At least 25,000 since 2001. 
 5. Verizon CEO Lowell McAdam
  • Amount of federal income taxes paid in 2010? Zero. $705 million tax refund.
  • In 2010, Verizon received a $705 million refund from the IRS despite earning $11.9 billion in pre-tax U.S. profits.
  • Amount of federal income taxes Verizon would have owed if offshore tax havens were eliminated? $525 million.
  • Verizon has stashed $1.5 billion in offshore tax havens to avoid paying U.S. income taxes. Verizon would owe an estimated $525 million in federal income taxes if its use of offshore tax avoidance was eliminated.
  • American Jobs Cut in 2010? In 2010, Verizon announced 13,000 job cuts, the third highest corporate layoff total that year.
Beyond Welfare Queens these Moocher Corporations, who use legerdemain and duplicitous book keeping to "make" profits, are Welfare Emperors and Pharaohs.

Thus the Nation's Wealth continues to consolidate in the hands of the Very Rich with the 1% controlling over 40% of Country's Wealth.

The Rich hate America. The "American Dream" isn't their Dream. Their interests never line up with that which concerns the 99%. The Rich don't recognize a need for a Clean Water Act, it's just an impediment to their pursuit of Profits. The Rich don't see a need for Obamacare or Medicaid or Medicare. Those Government Regulations and Officials undercut their attempts to extract as much profit from the sick, dying and old. They don't see Social Security as an asset to aid in retirement but as a pool of unrealized Capital.

Unionized and Pensioned Municipal Workers are a threat as the stability and relative job security take away the Rich's Most Powerful weapon, the layoff and firings.

All Governmental Functions, outside of a Robust Interventionist Military are wasteful or as the Plutocrats Astroturf Organizations deem them, Un-Constitutional (As when the Koch Brothers tried to start a Tea Party Movement in 2002).

But, all of the maneuvers by the Rich are designed to crush the Middle Class. A thriving Middle Class is always a Danger to the 1%. And how do you crush a wide disparate group of people? Why Divide & Conquer.

So, in 2009 the Plutocrats gave explicit instructions that every outlet they control would blame President Obama for everything wrong. And the Rich knew the work they had done with Conservative Think Tanks and Toxic Right-Wing Radio had cultivated a Ready Audience eager to blame the Other, Barack Hussein Obama, for all the Nations' Woes. Or as Bill Maher succinctly summed up the Conservative Message, 'America was just swell until President Blackenstein and his group of Thugs ruined everything.'

Of course, the Plutocracy's Economic Hit Job and their Republican Hit Men have been working for decades using Piss Down Your Back and Tell you It's Raining Trickle Down Theory to undercut the Middle Class and increase Income Inequality.

Sequestration is just another technique to hamper the Government. But, the Government functions which will be hampered aren't those that affect Rich. The Sequester provides the Plutocracy with yet another opportunity to grind the Middle Class into dust. After which the Rich will swoop in like Vultures and pick at the remnants.

But, all of this is just new names and a new twist to the Very Old Dance the Rich and Powerful have engaged in throughout Recorded History. Fix-the-Debt and Austerity are just new names for the techniques the Rich have always used to steal from the People. And that is Slavery.

Wednesday, April 25, 2012

Social Security a giant bundle of money the Republicans want to steal

As George W. Bush related, his greatest failure while in office was not stealing the Social Security Trust Fund for his Plutocratic Masters. If Bush had managed that Coup, Sean Hannity wouldn't have needed to get into a mulling, hissy fit of anger, on his radio show, at those "Lucky Duckies" proclaiming, 'Let Them Eat Rice and Beans!'

If Bush and the Republicans had managed to steal Social Security, the Poor people Sean Hannity so hates and despises would be dead and he could go back to claiming 9/11 happened while President Clinton was in office, TARP was signed by President Obama and Barack the Great didn't want to kill Osama Bin Laden.

The Republican Party has always hated SSI, because of what it represents; a chance for the oppressed to retire and live after they have finished decades of labor. Republicans would much rather you work yourself to death, thank you very much.

The release on April 23rd of the 2012 Annual Report by the Board of Trustees of the Federal Old-Age and Survivors Insurance and Federal Disability Insurance Trust Funds (OASDI) made it clear Social Security isn't going to run out of money anytime soon. The assets in the Social Security Trust Fund total $2,700,000,000,000. ($2.7 Trillion dollars). In fact, Social Security is fully funded (i.e. 100% solvent) all the way through 2033.

And once we hit that year the Baby Boomer Bulge draining Social Security will have passed and the Nation will be dealing with the demographically much smaller Generation X.

But, damn Trillions of dollars just sitting there! That's a wet-dream for the thieving, perfidious and despicable Right-Wingers. The Rich! Want! That Fucking! Money! And Republicans would love to to swindle it from the Trust Fund and roll it into Wall Street from whence their Banking Buddies could apply some Synthetic Collateralized Debt Obligations and Naked Credit Default Swap and...



But, never forget that no matter what the Republican liars, Faux Drones, or conservative sycophants proclaim Social Security has been funded overwhelmingly by the Working and Middle Class. The Rich are not paying vast sums into Social Security because the OASDI payroll tax collection has been capped for decades and collects Zero dollars over the current top amount of $110,000.

As Kevin Drum noted in 2010,
In 1983, when we last reformed Social Security, we made an implicit deal between two groups of American taxpayers. Call them Groups A and B. For about 30 years, Group A would pay higher taxes than necessary, thus allowing Group B to reduce their tax rates. Then, for about 30 years after that, Group A would pay lower taxes than necessary and Group B would make up for this with higher tax rates.

This might have been a squirrelly deal to make. But it doesn't matter. It's the deal we made. And it's obviously unfair to change it halfway through.

So who is Group A? It's people who pay Social Security payroll taxes, which mostly means working and middle class taxpayers. And who is Group B? It's people who pay federal income taxes, which mostly means the well-off and the rich. For nearly 30 years, Group A has been overpaying payroll taxes, and that's allowed the government to lower income tax rates. The implicit promise of the 1983 deal is that sometime in the next few years, this is going to flip. Group A will begin underpaying payroll taxes, and the rich, who have reaped the benefits of their overpayment for 30 years, will make good on their half of the deal by paying higher income tax rates to make up the difference.

The physical embodiment of this deal is the Social Security trust fund. Group A overpaid and built up a pile of bonds in the trust fund. Those bonds are a promise by Group B to repay the money. That promise is going to start coming due in a few years, and it's hardly surprising that Group B isn't as excited about the deal now as it was in 1983. It's never as much fun paying off a loan as it is to spend the money in the first place.

But pay it off they must.

Thursday, October 20, 2011

My Portfolio is Bottoming Out while Banks are raking in the Profits

So, my quarterly financial investment portfolios came the other day. My modest 401k, 457 and Roth IRA all lost 20% of their value. Hurrah, the Free Market does everything better.

But, do you know who did not lose 20% of "their" money? Why the casinos we refer to as Banking Firms. These racketeers, gamblers, cheats, swindlers and criminals all reported Record Profits for the 3rd Quarter of 2011:
Bank of America: $6.2 Billion

JP Morgan Chase: $4.3 Billion

Wells Fargo: $4.1 Billion

Citigroup: $3.8 Billion
Where is all this money coming from? The Giant Banking Casinos are not investing in technology, they are not investing in small start-ups, they are not moving funds into the depressed areas of the United States.

What they are doing playing games shuffling electronic figures from one column to another and calling it business, conducting millions of stock-trades a second in High-Frequency Stock Trading, they're gouging people with transaction fees, they're placing "bets" and taking out hedged insurance claims on derivatives and commodities. If they guess right about a drop in the price of corn, they make money! But, no tangible good is produced. Additionally, BofA provides no benefit to the average American with his small savings account because BofA is currently providing an interest rate of 0.05%. As of the 11Q3, BofA has $53 Trillion in Total Derviatives and $1.5 Trillion in total assets.

But, wait a moment! Wow! It's appears, Bank of America has moved it's derivatives from Merril Lynch to a FDIC insured subsidiary Now why would they do that? Perhaps, because when the scope of their criminal toxic asset peddling and credit default swaps becomes known and the reckless gambling they've engaged in bottoms out, the Banksters will be bailed out once more by the American Taxpayer. Reagan Be Praised, for Government Bailouts of the criminal financial sector.

Just remember whom BofA has pledged, "to help out", with it's considerable profits :
Meanwhile, at the Legion of Doom, errr... I mean Citigroup has agreed to pay a $285 Million dollar fine to the Security and Exchange Commission (SEC) to settle a Fraud Complaint for their toxic housing market rebuilding scheme. Please scroll back up the page to refresh your memory that Citigroup posted a $3.8 Billion dollar profit in the 3rd Quarter alone.

Last year, Goldman Sachs paid a record $550 Million Dollar fine to the SEC.

It seems, part of the problem is the Banksters are still treated with respect because they wear sharp suits and cutting edge business fashion, we would all be better off, if Banksters had to wear the traditional garb of the people they are behaving like; The Yakuza. Wouldn't you be more wary of the corrupt gambling banking institutions if they were sitting around in the elaborate ceremonial diapers.

But, listen! A few Republicans say Homeowners should get some help. What a crock of shit! After transferring Trillions of tax payer dollars upwards to the off-shore bank accounts of Warmongers, Thieves and Murderers. The Republican Party and the Business Friendly Democrats are trying to avoid the backlash of the 99%, by throwing the Middle Class a gnarly, cracked, meat-stripped bone, in the hopes the people will continue to support the Wall Street Swindlers and the Yakuza-Banksters who have nearly sucked all the marrow out of the bones of the USA.

It's because the 1% desire that last little bit, the last morsel, Social Security and the Post Office. If the Republicans succeed in taking control of the White House and the Senate the push to privatize the money-making aspects of the Post Office will be un-stoppable, and the Trillions of Social Security will be neatly rolled into Wall Street where the natural flucuations of Free Market will ensure a few thousand people can steal those funds and funnel them into a secret UBS account in Switzerland.

No more Bank bailouts. Bring back the SEC transaction tax, you make Hedge Bets, you conduct High-Frequency trades you pay a fee per each stock moved, each commodity leveraged. Move Your Money to Your Local Credit Union or Small Town Bank!

Related - Here's what I had to say about Wall Street, the Republicans and the 99% in April 2010:
Capitalism is... Socialism for the Rich.

Now the American people want Banking Reform and who stands with the Wall Street Thieves and against Main Street Americans? The Republicans. The Republicans will not let Congress and President Obama endanger the institutional Thievery which the Republican Party was created to cement into law and protect at all costs.

This is fortunate because since the Reign of Chickenhawk Reagan the Republicans have gotten away with their anti-human plans of financial deregulation to destroy and Impoverish the American Middle Class. Because the Klepotcrats in America who control the Republicans want all American workers ground down to the level of the powerless in Indonesia or Guatemala. Republicans want Americans to work and die once their "productive" years are done.

Ask yourself: Who wanted to roll Social Security into Wall Street? The Republicans. Why? So Wall Street could steal those funds as well. Who during the midst of the Bush/Cheney Depression wanted to destroy Social Security and Medicare? Michele Bachmann and the Republicans. Why? Because Michele Bachmann wants Americans to die when they get old.

Republicans act as the attack dogs for the Wealthy and their conservative slime merchants gleefully absorb the message and willfully propagate it to delude themselves and others.

How do the Republicans get away with their anti-human plans? They've done an excellent job of dividing Americans by religion and race and by non-stop lying.

For years the demographics allowed Republican victories but now more and more Americans are aware there is a club and 99% of the American People aren't in it. The American People have seen that the Republicans serve a gaggle of Kleptocrats who view their supporters as nothing more than paving stones for their luxuries.