This page has been archived and commenting is disabled.

Guest Post: The Social Security System Is Already Broke

Tyler Durden's picture





 

Submitted by Jim Quinn from The Burning Platform

Free Shit "Disabled" Army Massing Its Forces

Whenever I hear a liberal MSM talking head say that Social Security is not a problem, I want to throw something at the TV. Obama and Romney both declared the Social Security system sound. They lied to the American people that it will only require minor tweaks to keep it solvent for a hundred years. Liberals hate math. The Social Security System has an unfunded liability of $18 trillion. This means our politicians have promised $18 trillion more than they can possibly pay out. I guess $18 trillion is trivial to a liberal minded person like Krugman or Obama. Lucky for them that 99% of all Americans don’t understand what unfunded liability even means. The chart below gives the gory details. The Social Security system had a negative cashflow of $47.8 billion last year, after running a $48 billion deficit the year before. You may notice that 77% of this deficit was created by the SSDI program, where the depressed masses gather after their 99 weeks of unemployment run out. Do you have a headache? Are you depressed because liquor stores don’t accept food stamps? Did you pull a muscle getting on your government provided rascal? Trouble hearing your Obama phone? Then you are eligible for SSDI.

The funniest line item on the chart is the Assets at End of Year line, which shows the Social Security system having $2.7 trillion. Even using this funny number, the SSDI will be broke in three years. Al Gore told us this money was in a lockbox. They take it out of your paycheck and put it into a fund, waiting for you to retire and collect what you’re owed. Right? Wrong! If you tried to observe the vault with the $2.7 trillion on deposit, you’d be looking for a long long time. You see, the noble politicians in Washington DC took the $2.7 trillion and spent it on undeclared wars overseas, ethanol subsidies, investments in Solyndra, turtle crossings, tax breaks for hedge funds, TARP, bailing out AIG, subsidizing GM, $800 billion stimulus packages, cash for clunkers, homebuyer tax credits, predator drones, DHS, Sandy relief and thousands of other buckets of shit. There are nothing but IOU’s in the vault. The $2.7 trillion is long gone. The U.S. government had to borrow $47.8 billion to fund SS last year. They will have to borrow over $50 billion this year. There will be 10,000 per day turning 65 for the next decade. The borrowing will rise exponentially. If the $2.7 trillion actually existed, why would we need to borrow?

The trust funds are required by law to hand over all surplus revenues to the Treasury and the Treasury then provides “special issue” non-marketable bonds—essentially electronic IOUs—to the trust funds in return for the cash. These “IOUs” become part of the national debt. When the Treasury pays “interest” that increases the value of the Social Security Trust Funds it does so by increasing the number of IOUs it owes the trust funds. When the Social Security program runs a net cash flow deficit, as it has in the last three fiscal years, the Treasury needs to borrow cash from the “public” to keep the program funded.

Does this look like a trend that is going to reverse itself or level out with 10,000 Boomers turning 65 years old every freaking day?

These costs will be exceeding $1 trillion per year in the near future. Meanwhile, the number of workers per retiree will continue to fall as it has for decades. In 1945 there were 42 workers per retiree. In 1965 there were 5 workers per retiree. Today there are less than 2.5 workers per retiree. There are only 1.6 full time private workers for every one retiree. With Obamacare working its magic of destroying jobs across the land, there is much less revenue going into the Social Security System. The system is unsustainable and ignoring the problem will not make it go away.

A recent article on Bloomberg below barely scratches the surface of the massive fraud going on in the SSDI program. Those who think we owe them a living are faking disabilities by the millions. The number of annual applications were flat at 2.1 million per year between 2004 and 2007. They now exceed 3 million per year, as the Obama administration has actively attempted to get more people on the dole. In a matter of a couple years, there were suddenly 40% more people getting disabled. Amazing!!!

Shockingly, as 1.4 million people have been kicked off the 99 week unemployment rolls, the number of people applying for SSDI skyrocketed. Just because the scumbags on Wall Street and in the rest of corporate America commit fraud on a massive scale does not mean we should look the other way when lowlifes in our community do the same thing on a smaller scale. The working middle class pays the bill for the cost of both frauds. More than 90% of all the people who go onto SSDI never go back to work. This program was supposed to be short term until people could recover and go back to work. There are now 8.83 million people so disabled, they supposedly can’t work. There are only 12 million officially unemployed people in the country. The government is so incompetent, they barely check the applications for SSDI. Anyone with an ounce of brain power (this disqualifies anyone on MSNBC) knows that at least 50% of the people on SSDI are capable of some form of employment.

The Social Security system is already broke. The money is gone. Pretending all is well is for fools and there are millions of them in this country. If someone within the leadership of this country was honest with the American people we could fix the Social Security system. A combination of age adjustments, means testing, and reconfiguration of income levels subject to the tax could make it viable. Too bad Washington is inhabited by snakes, scumbags, liars and knaves. Corrupt lowlife politicians, lying liberal media whores, and a delusional populace will ignore the Social Security problem until it becomes a crisis of epic proportions. Then they will propose wrong solutions and implement them badly. Some things are easily predictable.

 


- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Sat, 01/12/2013 - 23:06 | Link to Comment A Lunatic
A Lunatic's picture

Bullish for cat food.........

Sat, 01/12/2013 - 23:12 | Link to Comment VisualCSharp
VisualCSharp's picture

This is all irrelevant. Social Security "revenue" is nothing but a tax. The government chooses to then make Social Security payments. They can stop making payments altogether if they'd like and keep the tax.

Sat, 01/12/2013 - 23:14 | Link to Comment Caged Monkey
Caged Monkey's picture

CTRL + P.

Sat, 01/12/2013 - 23:30 | Link to Comment CH1
CH1's picture

You have to wonder how long productive people will simply take it as they are robbed and shit upon.

Is there no limit to the abuse they will take?

No point at which they stop worshiping their abusers?

Sat, 01/12/2013 - 23:37 | Link to Comment francis_sawyer
francis_sawyer's picture

You're a fucking hypocrite...

~~~

It's all fucking JOOBUX from here on forward [as francis_sawyer has said 1,000,000x before]... YOU'RE the fucking [self described] 'ABUSER' worshipper... I hope you're proud of yourself...

I'm out... I think I'll start a 'catfood' COOKING blog...

Sat, 01/12/2013 - 23:40 | Link to Comment CH1
CH1's picture

I'll make sure I pray for you, sawyer... to the God of the Jews.

Sat, 01/12/2013 - 23:44 | Link to Comment francis_sawyer
francis_sawyer's picture

Do whatever the fuck you want... I'm neither interested in your prayers [nor your prayers AGAINST me]... Neither moves the needle of what's going to happen...

Sat, 01/12/2013 - 23:44 | Link to Comment CH1
CH1's picture

I shall.

Sun, 01/13/2013 - 01:34 | Link to Comment flacon
flacon's picture

The whole "Jew" thing was dismembered by Monty Python a long time ago (replace the word "witch" with the word "Jew", and replace the "angry mob" with "francis_sawyer"  and one can see how absurd it all is):

 

Monty Python and the Holy Grail - Burn the Witch!!!!!

http://www.youtube.com/watch?v=UTdDN_MRe64

 

 

 

Sun, 01/13/2013 - 02:12 | Link to Comment LetThemEatRand
LetThemEatRand's picture

Jews, Muslims, Catholics, Buddhists, ad nauseam.  All part of human tribalism.  95% of people who associate with a religious flavor were born into a family that practiced it.  Most of that 95% are quite sure they have it right and everyone else is going to be sorry they don't.     Either way, it's all part of being human and why the pure "free market" crowd has it wrong.  People will never just get along and work it out under a system of "law."  The large majority of people want a ruler who makes the law, whether it is simply a human (think Royalty worship) or a human who says he/she communicates with a cloud dwelling spirit, or a human who says he/she is a clowd dwelling spirit incarnate, or something else.  I wish it were not true.  

Sun, 01/13/2013 - 02:25 | Link to Comment Raymond K Hessel
Raymond K Hessel's picture

Honestly, stop feeding the trolls.

For all we know, it's Cass Sunstein trying to goad people into emotional responses that he later put in a MSNBC newscast about how anti-semitic everyone at ZH is and that it is reason to hate us.

Just ignore them.  

Except for MDB...he cracks me up.

Sun, 01/13/2013 - 02:53 | Link to Comment LetThemEatRand
LetThemEatRand's picture

I disagree.  Hatred of other humans on the "wrong" team is very much part of the dialogue here, unfortunately.  For example, this article is somewhat negative about "liberals," yes?  You see it as a discussion of social security.  I see it as a condemnation of a political point of view.   The MIC/PIC consumes far more than SS.

Sun, 01/13/2013 - 06:10 | Link to Comment A Nanny Moose
A Nanny Moose's picture

You still seem trapped by the L/R paradigm. The issue is not left or right. It is not Social Security, M2IC, or PIC. The real issue is the idea that force is OK as long as you are someone in a position of authority.

Sun, 01/13/2013 - 08:27 | Link to Comment GetZeeGold
GetZeeGold's picture

 

 

 

Lots of people sure come Down on the tribe of Judah....but they're only 1/12 of Israel.

 

Why do those other guys get a pass? It's no wonder the tribe of Zebulon sits in Norway and laughs it's ass off at the rest of the world.

Sun, 01/13/2013 - 09:29 | Link to Comment Bicycle Repairman
Bicycle Repairman's picture

The preponderance of SSI can never be bankrupt by definition.  It is a pay as you go system.  Even if the US defaults on the trust fund, over 80% of it is pay as you go.  So benefits get cut a maximum of 20%, but everyone keeps paying in their 15%.

SSI isn't going anywhere.

Sun, 01/13/2013 - 09:46 | Link to Comment Thomas
Thomas's picture

This is hyperbole. All Geithner has to do is produce 4 platinum Krugmans ($5 trillion dollar denomination coin) and deposit them at the Fed, which leaves $2 trillion for beer and other party supplies.

Sun, 01/13/2013 - 11:02 | Link to Comment malikai
malikai's picture

I think everyone should just quit their job, go on disability, welfare, and take out a few hundred grand in student loans. If you really want to watch this thing break, "get to work".

Also, I didn't see welfare queens listed as "domestic extremists" in the DHS manual.

Sun, 01/13/2013 - 13:57 | Link to Comment DaveyJones
DaveyJones's picture

it was "broke" the moment it was designed..but that's a different definition 

oh, and if lawyers ever did this with a "trust fund" they'd be disbarred and jailed

(unless they work for a bank) 

Sun, 01/13/2013 - 14:35 | Link to Comment Transformer
Transformer's picture

At least you explained how congress stole the money this time.

Sun, 01/13/2013 - 16:43 | Link to Comment PoliticalRefuge...
PoliticalRefugeefromCalif.'s picture

One standard to discover if it's a valid strategy is what happens when someone in private enterprise attempts the same thing- see how far you get setting up a steal... erh, I mean pay as you go supplemental retirement plan spending the entire revenue stream faster than it comes in?

Ft. Leavenworth here I come. 

Legislators just craft our legislaton, they should not be bothered to follow legislation.

.."every decent man is ashamed of the government he lives under" HL Mencken

 

Sun, 01/13/2013 - 20:57 | Link to Comment LMAOLORI
LMAOLORI's picture

Agree.

 

The IOU's you hear about are no different then the IOU's held by anyone who loans money to our government including foreign countries, private pension funds, money market accounts, etc. The Social Security Trust Fund isn't broke our government is.

 

There are plenty of real Welfare programs but Social Security isn’t one of them. Another fallacy the majority of writers and politicians are promoting is that Social Security adds to the deficit. Common sense should tell anyone that what adds to the deficit is unfunded spending or spending by borrowing. The interest paid on the debt is the direct consequence of those actions not the other way around!

 

Put yet another way if our government borrows from a private entity to pay some of the special issue treasury bonds the Social Security Trust Fund is owed the deficit hasn't grown the debt and the interest paid on it has simply changed hands from one creditor to another.

Sun, 01/13/2013 - 05:01 | Link to Comment bunnyswanson
bunnyswanson's picture

An atheist can still be a Jew.  This is about taking responsibility for the actions of your peers.  It is something the American people will know one day.  The legacy

http://euce.org/eusa/2011/papers/9h_meunier.pdf The Dog That Did Not Bark:

..."The crisis has revealed American excesses and negligence over the years, from Madoff to subprimes, during which the US has given economic lessons worldwide instead of starting to clean up at home. The crisis and the immediate response to the crisis have certainly provided ample ammunition to those denouncing the hypocritical streak of the US.

"The United States, and let me emphasize, the United States is solely to be blamed for the financial crisis. They are the cause for the crisis, and it is not Europe, and it is not the Federal Republic of Germany" (Kucharz, 2008) and "This isn’t being impolite or undiplomatic, it’s just the facts. The origin and center of gravity of the problem is clearly in the US" (Wall Street Journal, 2008).

If one is to believe Reinhard Buetikofer, former leader of the Green party in Germany, this fingerpointing was designed not only to assess the real blame but also to absolve leaders from responsibility: "For a while, a large segment of the public considered all this as innocent German banks caught in an American mess…

Only recently has the public started to understand how much we are involved, and how much of this has been our doing, too" (Webb, 2008).

One can therefore formulate three hypotheses about the conditions under which the financial crisis can be expected to affect anti-Americanism.

First, the crisis will more likely enhance anti-Americanism in countries with a prior baseline of anti-Americanism and where this pre-existing reservoir of arguments has been mostly of the sovereignist, social and liberal kind (by opposition to the radical, elitist, and legacy kind).

Second, the crisis can be expected to enhance anti-Americanism in countries whose economy was most directly affected by the crisis. The salience of the crisis can stir up emotional reactions and increase negative individual attitudes towards the US.

Third, the crisis will more likely enhance anti-Americanism in countries that have experienced national elections in the year following the outbreak of the crisis. In order to be reelected, incumbents will try to fingerpoint and deflect the blame towards the US, and in order to be elected, challengers will associate the incumbents with the US.

...however, the eurozone subsequently experienced a crisis of their own for which the US could not be blamed directly and which featured even more clearly than before the new economic and financial prominence of China, which for some of the most indebted countries acted as a white knight.

We are not in a "post-American" world yet, but one can question whether, when it comes, it will be accompanied by a "post-anti-American" world. On the one hand, the rationale for an anti-American bias fostered by fear and resentment of American hegemonic power will wane as American power wanes. This will be more pronounced in some regions than others, depending on how deep anti-Americanism was before, how much the US is still perceived to be meddling in local affairs, and how exposed they have become to China.

On the other hand, even though the financial crisis did not lead to a surge in the traditional types of anti-Americanism, it may have precipitated the emergence of a new type characterized by contempt and pity for a weakened giant, which may eventually substitute the sovereignist and elitist types."

Sun, 01/13/2013 - 10:13 | Link to Comment urwright
urwright's picture

is it legal to write so long here?

article says it is only going to get worse? i just opened a store front in a tragically hip upand coming blighted community. the corner liquor store sells to the homeless alcholoics and they even opentheir containers just outside the store.  this is the nightmare - the supposed shit storm that comes when you cut these addicts off - you have no idea how much i look forward to respondi g aggressively to the aggression and how i know that pain would so much shorter than the fingernails-on-the-chalkboard-chain-and-ball world of worthlessness being a way of life that looks as if it will never end

right now is the nightmare - anything that changes it - ANYTHING - is a blessing

even if it changes when the 20% (who make everything for the 80%) are stretched to their limit and are the slaves - the culling of the heard will be ike a shower for those of US who feel like doing anything in business today is like walking through a shit storm 10 ft deep.

no usury on currency creation

no government shall ever borrow

iamslattery

Sun, 01/13/2013 - 06:03 | Link to Comment A Nanny Moose
A Nanny Moose's picture

More horseshit excuses for moral relativism wrapped up in Appeal to Popularity. Free Marketers don't have it wrong, the majority does. The majority will have to agree to disagree, until the majority agrees that the free market crowd are right. If people want to be told what to do, why do they spend so much time/energy evading legal chicanery?

While I don't expect it in my lifetime, people will eventually arrive at the logical conclusion that Statism is nothing more than another religion. Regard the word exercise below.

High Priest: I am a servant of God. God speaks through me. Only I can communicate the will of God..

Representatives: [Replace the word "God", with the phrase, "The People..."]

Because the majority believes coercion is OK, doesn't make it OK, nor does it excuse failures by those who know better, to attempt to enlighten and persuade people of the universal preferability of the non-aggression principle. Your argument presumes that humans cannot evolve. History however, paints an entirely different picture. Humans have become less violent, and more free as time has progressed (The USSA, being a notable exception.)

Sun, 01/13/2013 - 11:09 | Link to Comment StandardDeviant
StandardDeviant's picture

As a long-time Rand reader, and self-identified Objectivist, it's hard to press that +1 button for you.  But in my darker moments (for which there is plenty of occasion these days), I suspect that when you say "[t]he large majority of people want a ruler", you do have a point.

Here in the UK, for instance, while the society is refreshingly secular, it's astonishing just how many people, even the supposedly right-of-center Conservatives, absolutely worship the nanny State.  And I do mean worship: Just look at our bizarre Olympic opening ceremony, complete with literal nannies dropping from the sky, and paeans to the sainted NHS.  Whatever the French and the Germans might say about "Anglo-American capitalism", there's no danger of a proper Randian laissez-faire free market taking hold here, I assure you.

The one thing with which I'll take issue is that, while the desire for a parental ruler or ghost may be "part of being human", so are many other atavisms that we've managed to mostly put behind us.  It doesn't mean that we can't or shouldn't strive for better.

Sun, 01/13/2013 - 18:32 | Link to Comment Cathartes Aura
Cathartes Aura's picture

if one adopts the label of their state - Brit-ish, Ameri-can, etc. - then that label means they're owned, it's not the other way around, the "people" are not the State, despite all the pretending otherwise.  if a citizen dies, does not the State continue?

if one votes, then one believes in the State.   if one volunteers to fight other States on behalf of, then one believes in the State.

what is "ruled" is the mind, the perspective on the world - and it is fed daily, with divisive crap meant to entertain and thus feed the State living in the Mind.

Sun, 01/13/2013 - 02:10 | Link to Comment Popo
Popo's picture

I'm not the least bit conspiratorial and even I'm starting to smell a rat with all this "Joo" posting here. This smells like standard CIA message board disruption at work.

George Washington did a blog post a while back on ways the Feds disrupt message boards through thread jacking and trolling, and this bears ALL the signs of an intentional operation.

Note the topics that seem to get infected with "Joo" posts. It ain't HFT or Euro issues...

If anyone has a link to that GW post, it would make a good follow up to any more of this intentional thread disruption.

Sun, 01/13/2013 - 02:13 | Link to Comment LetThemEatRand
LetThemEatRand's picture

Sadly, it requires no government conspiracy to bring out the clowns.

Sun, 01/13/2013 - 02:17 | Link to Comment Popo
Popo's picture

Actually, the whole theory behind thread disruption rests on the extreme ease of bringing out the clowns.

All it takes is 2 or 3 "Joo" posts and suddenly no one's talking about the social security crisis.

Mission accomplished, with the help of the resident idiots.

Folks, if you want to talk about Joos, do it to your hearts content anywhere else on the Internet. But don't let the actual issues get snuffed by some asshole in a cubicle in Langley.

Sun, 01/13/2013 - 02:46 | Link to Comment AgAu_man
AgAu_man's picture

Ding, ding, ding, ding. +64.

I'm beginning to get annoyed with the Other way this site is being diluted: with noise, drivel, therapeutic (?) venting that adds Zero value to ZH.

Beyond the articles themselves, the comments can be ignored more and more.

Not sure what the Tylers make of this, or what they intend to do about it.

And the more mature, serious, civil and intellectual elements need to marginalize the 'wildweed', as their contributions also get lost in the noise.
As I said in an earlier post: Need better SNR. More Signal, less Noise.

Sun, 01/13/2013 - 02:54 | Link to Comment Dr. Engali
Dr. Engali's picture

It is starting to get annoying. I used to enjoy a lot of the commentary and discussions in the past as much as I enjoyed the articles. Now I find myself scanning through most of the commentary looking for specific people. All the other drivel is just a waste of time. I too don't have any idea what the Tyler's will do if anything , and I don't know for sure if I want them to. I have seen some people get ejected for reasons that made me scratch my head, while at the same time I see the same vitriolic statements come from the same group of people and nothing happens. The Tyler's wrath certainly seems random.

Sun, 01/13/2013 - 04:53 | Link to Comment OpenThePodBayDoorHAL
OpenThePodBayDoorHAL's picture

SO TRUE. TYLER(S) YOU NEED TO MODERATE YOUR SITE LIKE YVES DOES AT NAKED CAPITALISM OR THE SITE IS GONNA DIE OFF.

Sun, 01/13/2013 - 09:57 | Link to Comment duo
duo's picture

the new game will be to blame the Jews in the comments section before francis-sawyer does.

Sun, 01/13/2013 - 11:09 | Link to Comment otto skorzeny
otto skorzeny's picture

I can handle that

Sun, 01/13/2013 - 11:16 | Link to Comment StandardDeviant
StandardDeviant's picture

Agreed.  They could start by filtering posts which use TOO MANY CAPITALS.

Sun, 01/13/2013 - 03:01 | Link to Comment Skateboarder
Skateboarder's picture

Trolls need food to troll. Even acknowledging their presence feeds the noise. Today I said "shoo, gutter-troll," and that's the best I'll give a troll. Tell 'em to fuck off and leave it at that. We have better things to do than converse with buttheads.

Sun, 01/13/2013 - 03:10 | Link to Comment oldman
oldman's picture

Ding, ding, ding-----

The Tylers know exactly what they are about:

"The working middle class pays the bill for the cost of----"

Show me the "working middle class" that used to be called the "working class"---

Since there is no longer a "middle class" in the u s, the brits saddle us with the "working middle class" to get more trolls to clamor for their rights instead of showing any sort of solidarity with other poor fucks who are in the same boat.

Oh, make no mistake about it----these Tylers know exactly what they are about

The fascist assholes            om

Sun, 01/13/2013 - 07:42 | Link to Comment Winston Churchill
Winston Churchill's picture

What is this middle class you speak of ?

There are people that have to work to live,and those that don't.

I was born and raised in the UK, and was shocked by how much worse

the phoney class divide is here in the US ,than there.

Mon, 01/14/2013 - 13:42 | Link to Comment Raymond K Hessel
Raymond K Hessel's picture

I've said it many times in other posts.  The middle class is a sub-culture, like vegans or goths.  It's a value system that differentiates you from other people in the community.  

Sun, 01/13/2013 - 12:23 | Link to Comment Peachfuzz
Peachfuzz's picture

I've often wondered if they'd let only site donators to comment on the articles how that'd work. If somebody really has an inflammatory point that they want to make then I would at least know it was keeping ZH's lights on. I get tired of the b.s. comments too, but to find a site this information dense and at such a price I'm willing to dig through dirt to find gold.

Sun, 01/13/2013 - 14:37 | Link to Comment oldman
oldman's picture

@Peachfuzz

Me, too, babycakes

But free speech is still the rule here, so when it sounds fascist or authoritorian,(I am against both)

I'll call even the all-holy Tylers on their shit            om

Sun, 01/13/2013 - 10:15 | Link to Comment Stuck on Zero
Stuck on Zero's picture

Some people equate "blog" with "soapbox."

 

Mon, 01/14/2013 - 16:58 | Link to Comment PhysicalRealm
PhysicalRealm's picture

How to Spot - and Defeat - Disruption on the Internet
The 15 Rules of Web Disruption
http://www.washingtonsblog.com/2012/08/the-15-rules-of-internet-disinformation.html

COINTELPRO Techniques for Dilution, Misdirection and Control of an Internet Forum
The Gentleman's Guide to Forum Disruption

http://www.washingtonsblog.com/2012/10/cointelpro-techniques-for-dilution-misdirection-and-control-of-an-internet-forum.html

 

 

Mon, 01/14/2013 - 11:45 | Link to Comment Ayn NY
Ayn NY's picture

The problem is that there are some great articles with information that should be posted everywhere, however all the antisemetic comments prevent a lot of people from linking to the articles or posting them on Facebook. I know I don't for that reason alone. I'd also hate to think that by allowing these people to continue saying such vile things that the Tyler's might have the same views. It is something I struggle with when reading this site.

Sun, 01/13/2013 - 00:07 | Link to Comment nmewn
nmewn's picture

So shall I.

Sun, 01/13/2013 - 01:55 | Link to Comment CrockettAlmanac.com
CrockettAlmanac.com's picture

Ayn Rand told me that I don't have to love everybody and that there ain't no God no how. That's my cult and I'm sticking to it.

Sun, 01/13/2013 - 02:17 | Link to Comment LetThemEatRand
LetThemEatRand's picture

Careful.  A lot of her devotees assume she was really  [__________________] (insert religion)

Sun, 01/13/2013 - 02:34 | Link to Comment CrockettAlmanac.com
CrockettAlmanac.com's picture

That's one big matzoh ball you left hanging out there.

Sun, 01/13/2013 - 02:41 | Link to Comment LetThemEatRand
LetThemEatRand's picture

Let he is without bad soup throw out the first matzoh ball.

Sun, 01/13/2013 - 20:19 | Link to Comment sun tzu
sun tzu's picture

Nice canard. Most of her devotees are libertarians. Since you brought it up, why do you care what religious she was?

Sat, 01/12/2013 - 23:53 | Link to Comment bunnyswanson
bunnyswanson's picture

Centuries of  numerous nearly successful attempts to wipe this race off the face of the earth have taken place.  The latest attempt we all remember.  Can this be that mankind for thousands of years has been mistaken and turned against the "good people" or because the jews sat back while they enjoyed the fruits of the money changers "labor" (theft by deception)?  So many people cannot be wrong.

We'll take it until we cannot take it anymore and then....then....you'lll be praying alright.  You'll be praying for another chance to beg your brothers and sisters to follow the law of the land so you and your family won't be sacrificed for their sins.

Maybe Israel should add a school class to their children's curriculum which focuses on ~fairness, honesty and integrity~, eh?

Sat, 01/12/2013 - 23:59 | Link to Comment francis_sawyer
francis_sawyer's picture

Hey ~ in the end, I'll take care of myself...

If Jews wanna try & steal my money.. COME & GET IT... But leave my fucking GRANDMOTHER alone...

Sun, 01/13/2013 - 00:33 | Link to Comment bunnyswanson
bunnyswanson's picture

Jewish Grandmother:  Jews are crooks

http://www.youtube.com/watch?v=yjqN4dtbSOA (6 min)

Sun, 01/13/2013 - 00:04 | Link to Comment CH1
CH1's picture

Centuries of  numerous nearly successful attempts to wipe this race off the face of the earth have taken place..  So many people cannot be wrong....you'lll be praying alright.

You win the prize as the first piece of shit to openly promote genocide.

Monsters walk among us indeed.

Sun, 01/13/2013 - 00:12 | Link to Comment francis_sawyer
francis_sawyer's picture

 "Monsters walk among us indeed."

~~~

INDEED... My grandmother can attest to that with her catfood breath...

Sun, 01/13/2013 - 02:00 | Link to Comment CrockettAlmanac.com
CrockettAlmanac.com's picture

Why would anyone eat cat food when protein in egg form is so damned cheap?

Sun, 01/13/2013 - 02:26 | Link to Comment LetThemEatRand
LetThemEatRand's picture

Apparently the apple doesn't fall far from the tree in Francis' case.  Or the cat food aisle, more to the point.

Sun, 01/13/2013 - 14:00 | Link to Comment DaveyJones
DaveyJones's picture

and plants

and you don't need as much protein as you think  (Big AG BS)

Sun, 01/13/2013 - 00:26 | Link to Comment bunnyswanson
bunnyswanson's picture

http://www.youtube.com/watch?v=7t_LxpCY2G8

If you are looking for racism and bigotry, you need not look any farther than the mirror.

Leading fundamentalist rabbis gather in Israel to defend the publication of a book, Torat Ha'Melech, that attempted to provide halakhic justification for the killing of non-Jews, including innocent children and families. The gathering exposed not only the ferocious racism of a swath of Israel's pro-settlement rabbinate, but the powerlessness of the government to stop them. Produced by Max Blumenthal, Joseph Dana and Alternet.

 http://www.youtube.com/watch?v=5jG6kJm-50k

Here is a great youtube clip - a journalist trying to intervew Jewish people in Israel..  He is literally run out of town.  Take a look at this and then get back to me you self-righteous asshole.  You can sing your sorry song until the cows come home but it does not change right-from-wrong.

Deal with it.

Sun, 01/13/2013 - 00:35 | Link to Comment toady
toady's picture

What the hell is going on with all the joo shit?

Joo joo joo joo jooooooooooo is all I've seen here for the last few days.

I guess it's time to go away for a few days and hope the joo haters go back into the closet.

Sun, 01/13/2013 - 01:00 | Link to Comment PenchantForHoarding
PenchantForHoarding's picture

Agreed. It's really getting tedious. We get it - you're incredibly clever and need attention, so feel compelled to hijack everybody else's time, energy, and intellectual bandwidth.

Dummies, could ya please give it a rest for awhile, already?! Wouldn't the joo comments work better for everybody on a nice hunting or outdoorsmans site?

Sun, 01/13/2013 - 01:40 | Link to Comment Dr. Engali
Dr. Engali's picture

I was going to up arrow you until I read all of your post and you decided to out down hunters and outdoorsman.

Sun, 01/13/2013 - 02:30 | Link to Comment Raymond K Hessel
Raymond K Hessel's picture

Ignore these guys.  I really think it is some psyop to make ZH look like a bulletin board for anti-semitix [sic].  Let's just ignore them.  

Sun, 01/13/2013 - 02:39 | Link to Comment Popo
Popo's picture

Isn't it interesting that the Joo posts come out when potentially socially destabilizing topics are being discussed?

I smell a psyop.

Sun, 01/13/2013 - 10:57 | Link to Comment francis_sawyer
francis_sawyer's picture

francis_sawyer was being completely ON TOPIC by pointing out the hypocrisy of CH1 [with regards to his lamenting about the inevitable demise of the Social Security system]...

~~~

- I believe I am correct in observing that the system is in FAIL MODE as we speak

- The only thing, at this point, that can keep it going, will be MORE FIAT DOLLARS [joobux ~ as I've come to call them]

- Doing so will bring about another whole set of problems [the proverbial catfood that grandma has to eat is only the tip of the iceberg ~ the PETRODOLLAR nature of the currency all but requires that resource wars be continuously fought which bring about death & destruction to innocent lives]...

- francis_sawyer IS NOT printing the money

- francis_sawyer does not hold the franchise for printing the money

- Yet THERE IS 'a franchise' that was given 'the franchise' to print money [a feat which was achieved mostly through manipulation, extortion, & even murder ~ which continue to this day]... It DID NOT happen randomly or on its own...

- said 'FRANCHISE' counts, among it's members [& more importantly in the higher echelons of the organization & key administrative & policy positions], an almost mathematically impossible number of 'folks' who identify AMONGST THEMSELVES as [insert "witch" metaphor here]...

~~~

The COMMENT SECTION of ZH spends all of it's time "wanking off", talking about "solutions" & complaining about the situation ~ yet nobody even wants to acknowledge what's at the root of this problem [because it offends their faux 'coffeehouse' decorum & otherwise puts their panties in a bunch]...

The problem [with EVERYTHING, INCLUDING SOCIAL SECURITY, ~ but instead 'Popo', above, thinks we need a fucking Ivory Tower debate on the subject ~ Maybe 'experts' like Lew, Geither, Paulson, Bernanke, Greenspan, Krugman, & Bob Rubin can put their vast intellects together and come up with something that is sure to be FAIR for everyone]... The PROBLEM IS DEBT MONEY... & THE GODDAMNED MONEY DOESN'T JUST PRINT ITFUCKING SELF people... Somebody actually does that & they have their own interests in mind when they do... Fret not ~ your ONLY responsibility in the matter will be to JUNK francis_sawyer posts if he ever calls 'FOUL' on the master plan of your heroes...

~~~

To put this into a more 'hypothetical' posture... END THE DEBT BASED FIAT MONEY SYSTEM [& you'll see that francis_sawyer will rarely uteer a peep about so called "witches" ~ you'll find it has ZERO to do with 'anti-semitism or bigotry]... However ~ until that system is ended, it will be at the root of every single goddamned thing that anybody talks about because of its inherent ubiquitous characteristic...

There are plenty of things in the world that bug me... I'm bugged by the fact that I can't go through a day without seeing a link to a story aboutwhat Kim Kardashian's last fart smelled like... But Kim Kardashian isn't stealing from my grandmother & I don't use a Kardashian card as LEGAL TENDER to buy things...

I'm outta here people... Good riddance, right?... I'm sure the system will just magically heal itself overnight now that we've discovered that it was all francis_sawyers [& his bigoted views] fault all along... As for the "witches" ~ I have zero doubt that [whether francis_sawyer is around or not], the topic will come up over & over & over & over again... Why?... Because as distracted as people get in their daily lives, they still have the uncanny knack to sense who's STEALING from them...

Sun, 01/13/2013 - 11:08 | Link to Comment NumberNone
NumberNone's picture

Ummmm, you are Francis Sawyer.  You forgot to switch log-ins before you began your rant about Francis Sawyer...Francis Sawyer.  WTF kind of game are you playing?  One guy racist...the other guy fair minded but not bigoted sticking up for the general concepts of the dumbass racist.  

Sun, 01/13/2013 - 12:55 | Link to Comment francis_sawyer
francis_sawyer's picture

Incorrect... I didn't 'switch log-ins'... I usually refer to myself in the 3rd person...

~~~

The 'racist' image that you have of francis_sawyer is cultivated because your eyes are vicariously drawn to the legions of attackers that come out of the woodwork when I make a comment... It gets pretty funny sometimes... I gotta say that this time was a particular dandy [all the way to the Popo suggestion that I'm sort of bot straight from Langley]... Talk about 'hijacking' an argument!...

I've taken the time, in numerous threads, to MAKE IT CLEAR what the 'root' of the problem is... Still ~ nobody wants to see that... They refuse to let themselves see it because it's easier to toss out the 'bigot' bomb & be lavished with praise & accolades by their fellow sheep...

I'll make a bet with you... From here on out... I could just COPY & PASTE the following [from my last post]...

~~~

The PROBLEM IS DEBT MONEY... & THE GODDAMNED MONEY DOESN'T JUST PRINT ITFUCKING SELF people... Somebody actually does that & they have their own interests in mind when they do...

~~~

As a stand alone ~ there is no reference to "jews" in that statement whatsoever [& the statement has a great deal of truth to it]... But I'd still receive a lot of junks from making that statement simply due to correlation [in the minds of readers] who can't move past the 'toxic sound byte' part & onward to the 'spirit' of my comments & distinctions... So who would be the bigot in that scenario?

~~~

So in the end ~ ZH will move on with 'DEEP THINKERS' [like CH1] who make the following comments:

"You have to wonder how long productive people will simply take it as they are robbed and shit upon.

Is there no limit to the abuse they will take?

No point at which they stop worshiping their abusers?"

...and the masses will CHEER his wisdom [especially the part about where he so DEFTLY 'identified' the abusers in question ~ that part must have been written in invisible ink]...

My guess is that CH1 [& pals] actually LIKE having their head shoved in a toilet & given a swirlie... That's why I called him a 'hypocrite' [& would likewise classify his supporters]...

Footnote: It also strikes me as odd that, the other day [or ~ a couple of times even], there have been threads where 'Piers Morgan' was at the centre... The comment section was full of 'limey bastard' quips [yet 'a good time was had by all' as nobody seemed reticent to say anything about it]... I was not a participant in those threads...

WTF ever... Carry on sheepies...

http://www.youtube.com/watch?v=rooPPLtK9pg

 

 

 

Mon, 01/14/2013 - 00:06 | Link to Comment fxrxexexdxoxmx
fxrxexexdxoxmx's picture

Incorrect... I didn't 'switch log-ins'... I usually refer to myself in the 3rd person    

Your first and second person are racist and small minded. Go peddle "joooooo" somewhere else.

 


Sun, 01/13/2013 - 02:07 | Link to Comment Dr. Engali
Dr. Engali's picture

It been around for a while , but it certainly seems to be getting worse. I prefer to ignore the commentary of people who like to generalize about a whole race of people, it tells me a lot about the quality of their character. Every culture has its own group of sycophants. They Jewish people don't have the corner on the market in that category.

Sun, 01/13/2013 - 02:51 | Link to Comment LetThemEatRand
LetThemEatRand's picture

I'll caveat this with the fact that I am not Jewish so perhaps I am ignorant of this fact, but I thought that Jews were a religious and/or geographic group and not a "race."  

Sun, 01/13/2013 - 03:03 | Link to Comment Dr. Engali
Dr. Engali's picture

Moot point on the broader topic. I really don't give a shit what , race, religion, ethnicity, creed, color , or any other term you want to use. Every one of them have a minority of sycophants that make the majority look bad.

Sun, 01/13/2013 - 03:10 | Link to Comment LetThemEatRand
LetThemEatRand's picture

I thought the majority had it all wrong.  Tyranny of the majority and all that.  The large majority are poor.  The sycophants are generally wealthy Rand devotees who abhor the majority.

Sun, 01/13/2013 - 03:24 | Link to Comment CrockettAlmanac.com
CrockettAlmanac.com's picture

Rand was committed to trading value for value. Some may claim to be Rand devotees or libertarians or the like but a wise man once said, "by their fruits you shall know them." The Jim Taggerts of the world think they are really Hank Reardons. That's to be expected. But it is those who refuse to trade value for value, both rich and poor, who hate the majority.

Sun, 01/13/2013 - 03:31 | Link to Comment LetThemEatRand
LetThemEatRand's picture

And Rand wrote books.

Sun, 01/13/2013 - 03:35 | Link to Comment CrockettAlmanac.com
CrockettAlmanac.com's picture

Yes, she did.

Sun, 01/13/2013 - 03:41 | Link to Comment LetThemEatRand
LetThemEatRand's picture

Fiction books.  She did not build a single railroad.  

Sun, 01/13/2013 - 03:49 | Link to Comment CrockettAlmanac.com
CrockettAlmanac.com's picture

She also wrote collections of essays. But you are correct in saying that she did not build railroads.

Sun, 01/13/2013 - 08:43 | Link to Comment BlueCheeseBandit
BlueCheeseBandit's picture

Because the main takeaway from Atlas Shrugged is that people who build railroads are morally superior.

Sun, 01/13/2013 - 12:24 | Link to Comment Five8Charlie
Five8Charlie's picture

"You can't fake reality" - From a completely unrealistic work of fiction.

If you are in your teens or twenties and believe what Ayn Rand wrote, well, good for you for reading serious books.

If you are older than your thirties ... it's time to grow up and think for yourself. There are holes in her logic you could drive a train through.

Sun, 01/13/2013 - 13:01 | Link to Comment CrockettAlmanac.com
CrockettAlmanac.com's picture

When I was in my teens and twenties I was a liberal Democrat. In my early forties I learned that freedom can't be provided by an elite class with guns and prisons. Then I read Atlas Shrugged.

There are holes in her logic you could drive a train through.

Rand's central points are that man must base his morality on reason and that to be happy one must live by one's own values rather than by the values of others. If that is untrue please give me examples of why basing morality on anything other than reason is logical as well as examples of how you have given up your own values and live according to the whims of others.

Sun, 01/13/2013 - 08:43 | Link to Comment Deacon Frost
Deacon Frost's picture

From ATLAS SHRUGGED, by Ayn Rand, page 387:

"Only the man who does not need it, is fit to inherit wealth—the man who would make his own fortune no matter where he started. If an heir is equal to his money, it serves him; if not, it destroys him. But you look on and you cry that money corrupted him. Did it? Or did he corrupt his money? Do not envy a worthless heir; his wealth is not yours and you would have done no better with it. Do not think that it should have been distributed among you; loading the world with fifty parasites instead of one, would not bring back the dead virtue which was the fortune. Money is a living power that dies without its root. Money will not serve that mind that cannot match it. Is this the reason why you call it evil?

Sun, 01/13/2013 - 13:05 | Link to Comment CrockettAlmanac.com
CrockettAlmanac.com's picture

That's correct. In a free society where the elite can't use their existing position to keep productive individuals down the hapless inheritor of wealth can only fritter his money away. That money will flow to the productive people who provide the layabout with wines and cheese and boats and mansions.

Sun, 01/13/2013 - 14:02 | Link to Comment DaveyJones
DaveyJones's picture

the only race I have a problem with is the one to the cliff

Sun, 01/13/2013 - 01:40 | Link to Comment bunnyswanson
bunnyswanson's picture

The question should be "why does a small group of foreign loyalists have such a grip on US politics?"

 

http://www.occupyaipac.org/

http://www.stopaipac.org/

Challenging AIPAC. For a New Foreign Policy

AIPAC, or the American Israel Public Affairs Committee, describes itselfs the most important organization affecting the U.S. relationship with Israel. With a budget of $65 million, and membership now standing at over 100,000, it is no wonder that congressional staffers consider it one of the most powerful and effective lobbies on Capitol Hill.

Once a year, AIPAC holds its annual conference in Washington DC. In March of 2012, it was attended by over 12,000 participants. Its annual policy conference is one of Washington’s largest gatherings of lawmakers, topped only by the President’s State of the Union address. Guests this year included President Obama and House Democratic Leader Nancy Pelosi,Senate Republican Leader Mitch McConnell, Israeli Prime Minister Benjamin Netanyahu . However, since Stop AIPAC went online about 6 years ago, something has changed.

This year, like last year, the AIPAC policy conference was directly confronted and challanged by hundreds of citizen-activists from around the country who held a conference of their own, supporting peace with justice and an end to the racism and militarism supported by AIPAC. Under the banner "Occupy AIPAC", politicians were confronted with a different voice.

We *still* rarely hear a critical word uttered among politicians regarding AIPAC and its associates that support unjust and aggressive (and disastrous) U.S. policies toward the peoples of the Middle East. Politicians still mostly pander to an unjust status quo, even while giving lip-service to "change". Yet we are determined as ever to change that.

For too long, policies that support Israeli militarism and occupation have gone unchallenged. Political voices raising even minor disagreements with prevailing policies are silenced or subject to campaigns of intimidation. We must open the door to full debate regarding U.S. relationship with Israel and U.S. policy with other countries in the region.

These pages will examine how AIPAC and related institutions (usually collectively known as the "Israel Lobby") support a dangerous status quo, including AIPAC's support for U.S. military aid to Israel, which amounts to over $3 billion per year. We will examine its support for even the worst of Israeli policies, and its support for further U.S. military action in the region.

We will provide resources to counter AIPAC initiatives before Congress, such as the current legislation in Congress to punish the Palestinian people. You will hear many voices and listen to the debate among those who want U.S. policy to change but differ on how influential the "Israel Lobby" really is in formulating that policy.

Most importantly, we will serve as a resource for people organizing actions to challenge the status quo. We believe that changing U.S. policy is really the bottom line. The people of the United States, and the people of the world, deserve better than policies of endless war, occupation, and support for dispossession of the Palestinian people. We the people want a policy based on fairness and mutual respect. Therefore, we welcome the participation of those who want a U.S. foreign policy based on adherence to international law and support for human rights for everyone.

Sun, 01/13/2013 - 02:07 | Link to Comment CrockettAlmanac.com
CrockettAlmanac.com's picture

 

 

The question should be "why does a small group of foreign loyalists have such a grip on US politics?"

 

That's the key to the broken Social Security system?

 

 

Sun, 01/13/2013 - 02:36 | Link to Comment bunnyswanson
bunnyswanson's picture

I am one of those who believe 9-11 was an inside job. 

If 9-11 had not occurred, Bush would not have been elected a 2nd term, Iraq/Afghanistan wars would not have been undertaken, the generous tax cuts at the same time, the collapse of the housing industry, the 2008 stock market crash, the job loss amounting in the 10s of millions from the outsourcing of now monopolized manufacturing, the banking bail out.

They say you cannot understand a beginning until you see the end.

In the summer of 1954, Israel conducted a covert false-flag operation in Egypt known as "Operation Susannah."

Israeli agents launched terrorist bombing attacks against U.S. -, British-, and Egyptian-owned targets in Egypt. Since 1950, it had been U.S. policy to pressure the British to withdraw from the Suez Canal and abandon two treaties: the Anglo-Egyptian Treaty of 1936, which made the canal a neutral zone under British control, and the Convention of Constantinople. Israel feared that a British withdrawal would remove a check on Egyptian president Gamal Abdel Nasser's military ambitions.

After Israel's diplomatic efforts failed to convince the British to stay, Israel unleashed a false-flag terrorist operation designed to convince the British to stay while framing the Egyptians.

Israeli Defense Minister Pinhas Lavon was forced to resign because of the incident, and the scandal came to bear his name. The break between Ben-Gurion and Eshkol occurred over Ben-Gurion's insistence on fully investigating and learning lessons from the sordid Lavon Affair. Eshkol was insistent that investigating the affair was a waste of time, and wished to bury it as soon as possible. On December 13, 1964, he addressed the issue to the Mapai Central Committee.

"If I vote in favor of an inquiry into the Lavon Affair…We would be opening a Pandora's box of troubles. It will not end with this affair or with this investigation. We'll be spending the next fifteen years dealing with investigations into various unsolved matters."[xviii]

Levi Eshkol, the Jewish Agency executive overseeing funding for the establishment of the Israel lobby in the United States, successfully quashed Ben-Gurion's demand to appoint a judicial inquiry into Israel's false-flag attack on America when he became prime minister of Israel.[xix]

.

Voltaire has the answer to this question: Submitted by SocalLibertyGuy on Sat, 12/01/2012 - 00:57.

"To learn who rules over you, simply find out who you are not allowed to criticize."

Something has gone terribly wrong in this country when We The People and even our own politicians are still able to criticize our own government, but unable to criticize AIPAC or the government of Israel without severe negative political or personal consequences.

I am not frightened of terrorism, so don't go and create a police state on my account.

"To learn who rules over you, simply find out who you are not allowed to criticize." Voltaire

Sun, 01/13/2013 - 02:44 | Link to Comment CrockettAlmanac.com
CrockettAlmanac.com's picture

That's fascinating but are you ever going to actually utter the words "Social Security" in any of your diatribes?

Sun, 01/13/2013 - 02:59 | Link to Comment bunnyswanson
bunnyswanson's picture

I am sorry.  I did not mean to distract from the topic.  Social security ...The most rational solution to this problem would be to make all income subject to social security taxes.

Sun, 01/13/2013 - 03:03 | Link to Comment LetThemEatRand
LetThemEatRand's picture

Not income.  Wealth.  400 people have more wealth than 1/2 of the country combined.  They took the funds for SS and now tell us that there is no way to fund it, and they point out (correctly because wealth is not taxed as income) that higher income tax won't fix it.

Sun, 01/13/2013 - 03:13 | Link to Comment CrockettAlmanac.com
CrockettAlmanac.com's picture

 

Social security ...The most rational solution to this problem would be to make all income subject to social security taxes.

 

Social Security now pays out less than what recipients have paid in. Why would you consider propping up a system which is less efficient than stuffing cash under a mattress to be rational?

Sun, 01/13/2013 - 03:18 | Link to Comment LetThemEatRand
LetThemEatRand's picture

"Social Security now pays out less than what recipients have paid in."

I wonder where all that money went?  I guess we'll never know.   Chauncy, take me around the park again.  And get my Senator on the phone.

Sun, 01/13/2013 - 03:28 | Link to Comment CrockettAlmanac.com
CrockettAlmanac.com's picture

 

I wonder where all that money went?  I guess we'll never know.

 

It was stolen by the government just like any other tax. Government is the problem.

Sun, 01/13/2013 - 03:42 | Link to Comment LetThemEatRand
LetThemEatRand's picture

400 individuals have more wealth than 1/2 of the nation combined.   Before elected government, they called it tribute.  A lot of smart men blamed the tax/tribute collector instead of the person who ultimately received the spoils.  They were wrong.   

Sun, 01/13/2013 - 03:46 | Link to Comment CrockettAlmanac.com
CrockettAlmanac.com's picture

 

 A lot of smart men blamed the tax collector instead of the person who ultimately received the spoils.

 

If the receiver of the spoils employs a taxman to collect those spoils then why should I sanction the work of the taxman?

Sun, 01/13/2013 - 03:57 | Link to Comment LetThemEatRand
LetThemEatRand's picture

World's richest women (none of whom built a railroad or anything else):

1.  Christy Walton.  The widow of John Walton, she inherited his fortune of $15.7 billion after he died in an airplane accident in 2005. Regaining her 2010,2011 title as world’s richest woman, she got an extra bump in her fortune because of her late husband’s early investment in First Solar; shares up nearly 500% since 2006 initial public offering.

2.  Lilleane Bettencourt.  France’s richest woman and the only child of Eugene Schueller, her late father founded L’Oreal one of the world’s largest cosmetics and beauty companies.

3.  Alice Walton.  The daughter of Wal-Mart co-founder, her father, Sam Walton (d. 1922), a former clerk, founded original Bentonville store with his brother James. Today Wal-Mart has sales of $405 billion, employs more than 2.1 million people.

4.  Georgia Rinehar.  The heiress of Hancock Prospecting and the daughter of the late mining magnate Lang Hancock. She is the richest person in Australia and the richest woman in Asia.

5.  Iris Fontbana.  The second wife, and now widow, of billionaire Andronico Luksic, who died of cancer in 2005. The family controls Antofagasta, one of the world’s largest copper miners. As of 2012, Iris Fontbona and her family have a net worth of $17.8 billion

etc.  This is your desired system.  The rich get richer for doing NOTHING other than being born or married into it.  Sounds like a Kingdom to me.  

Does Ms. Rand think this the productive class?  Yes, she does.

Sun, 01/13/2013 - 03:58 | Link to Comment CrockettAlmanac.com
CrockettAlmanac.com's picture

 

etc.  This is your desired system.  The rich get richer for doing NOTHING other than being born or married into it.  Sounds like a Kingdom to me. 

 

My desired system is anarchy. Do you think that's what we have?

Sun, 01/13/2013 - 04:03 | Link to Comment LetThemEatRand
LetThemEatRand's picture

Yes.  And that's what you don't begin to understand.  Anarchy always devolves into the most powerful controlling everything.  Look around.  Do you think we live in a free society of elected representatives?

Sun, 01/13/2013 - 04:17 | Link to Comment CrockettAlmanac.com
CrockettAlmanac.com's picture

 

Yes.

So in your opinion there are no rulers, there are no taxes, there are no armies or nuclear bombs?

 

 Do you think we live in a free society of elected officials?

 

Those who do not wish for others to officiate over their affairs remain bound no matter how those officials take power. Where voluntary action is prevented there can be no freedom.

 

Anarchy always devolves into the most powerful controlling everything.  Look around.

 

Government is predicated on giving an elite class a monopoly on violence in order to compel your obedience. What could be more devolved than that? Anarchy, or a lack of rulers, allows individuals to voluntarily organize around those with the best ideas at any given time. Government is instituted by the elites specifically to prevent such voluntary action.

 

Sun, 01/13/2013 - 03:48 | Link to Comment bunnyswanson
bunnyswanson's picture

Can you think of another solution? Want to step over dying bodies on the way to the office each morning?

Starting fraud investigation units to get the scavengers off the system would help. 

 

Sun, 01/13/2013 - 03:56 | Link to Comment CrockettAlmanac.com
CrockettAlmanac.com's picture

 

Can you think of another solution? Want to step over dying bodies on the way to the office each morning?

 

As putting money under the mattress outperforms social security allowing individuals to do so would lead to less pain rather than more.

But in the real world people can invest money in their own business, or the business of a friend or family member or of a trusted entrepreneur or in their children's education or in their church or social group or in some combination of those things and thereby make preparations for their final years.

Sun, 01/13/2013 - 09:38 | Link to Comment awakening
awakening's picture

'The most rational solution to this problem would be to make all income subject to social security taxes.'

Why bother, just have Uncle [Sam] Bernanke print out the fiat needed for those social security programs.

All these divide and conquer bullshit articles about taxes mean diddly squat with regards to the big picture. Taxes are merely another millstone around your necks (one unlike the rat race [mortgage] that is escaped ultimately and only by death) to keep you all running in circles within their fiat monetary system (stockpiling PMs and other possessions pisses them off big time because it is simply not theirs to control).

It just so happens that a large percentage of the persons that perpetuate this ponzi (remember, money is debt and needs to be paid back with non-existent interest) share a Jewish characteristic worthy of thought (ignoring the other issue regarding laws in several countries against those that dare to question the Holocaust; if that event was so shocking and as real as the educational propaganda [hmmm bit of a miscalculation, 6 million down to 1.5 million, ignoring the gypsies and other 'indesirables'] fed through the educational system presents then why the need for many countries to have such laws enforced).

But by all means, scream at the TV about the 'terrorists' (the new 'reds under the bed') or any other boogieman of choice and/or where your taxes are going and I'll keep trying to figure out how since 1971 people could waste so much blood, sweat, tears and time over shitty pieces of printed paper/polymer and worthless cupronickel coins.

Fuck you very much, Bernanke et. al.

Sun, 01/13/2013 - 03:14 | Link to Comment AGuy
AGuy's picture

"Bush would not have been elected a 2nd term, Iraq/Afghanistan wars would not have been undertaken, the generous tax cuts at the same time, the collapse of the housing industry, the 2008 stock market crash, the job loss amounting in the 10s of millions from the outsourcing of now monopolized manufacturing, the banking bail out."

Bush won in 2004 not because of 9-11, but because of the Medicare prescription drug coverage, the $300 checks (economic stimulous), and the Greenspan Put (dropping rates to 1% causing a credit bubble.  Bush's apponent, Herman Munster, ran a presidental campaign like Dukakis, or a Bob Dole, and pulled an "I invented the internet" Gore, with his "I voted for it, before I voted against it".

"Iraq/Afghanistan wars would not have been undertaken, the generous tax cuts at the same time, the collapse of the housing industry, the 2008 stock market crash, the job loss amounting in the 10s of millions from the outsourcing of now monopolized manufacturing, the banking bail out."

Most of was already in progress before 2004. We entered Afghanstan in 2001, Iraq invasion began in 2003, Bush Tax cuts happened in 2001 or 2002. Outsourcing began in the 1990s (even earlier as US manufacturing jobs shifted to "no Pollution laws", and nearly free labor China and India sweat shops). The Internet also changed the US economy into a global economy since datacom permitted rapid transfer of knowledgebase labor anywhere nearly instantously making it very easy for business to source labor overseas). By 2002 the US economy was doomed since the Dot-com bubble fed by the Greenspan Y2K Put had already sent the economy into a destructive tail spin (Credit bubble, Gov't spending problems, etc).  Bush's Push into Iraq was to (errant) was to secure sources of cheap convential oil (ie the 1999 Halliburton-Cheney Speech that America needs to secure another Iraq to keep the US economy running which Bush did literally). Bush was aware of problems with global oil production and used terriorism as the road to justify securing convential Middle East Oil. If 9-11 was an "inside job" than it was started by Clinton since the Hijackers and others involved in it, started working on it back in 1998. Bush could not have planned the 1993 World Trade Center bombing (also while Clintion was the Pres)

If Al "$5 Gas" Gore had been elected, the US would face the same problems today, and the economy would have been much worse if Gore was able to push his anti-fossil pro-global warming agenda as policy. Nothing the US can do will stop China and India consuming mountain ranges of Coal and other Fossil Fuels. Under Gore-topia, instead of Oil tankers coming to America, they would have gone to India and China.

As far as "Generous Tax Cuts" Who the hell wants to pay a bunch of bureaucrats to tell us what to do and how to live. All they do is take your tax money and give it to their friends (ie subsidies, Miltary\Industrial Complex). You say you don't want a police state, but you don't seem to mind of giving them the money to make the country into a police state. I suspect what you really have a bit of freudenschade, where you want to see people get taxed as much as possible.

 

 

Sun, 01/13/2013 - 11:30 | Link to Comment StandardDeviant
StandardDeviant's picture

"Schadenfreude".  But I kind of like your typo, too.  Will use it the next time I have a proper hangover.

Sun, 01/13/2013 - 13:09 | Link to Comment AGuy
AGuy's picture

Hey, it was 2 AM!

Sun, 01/13/2013 - 16:23 | Link to Comment CrockettAlmanac.com
CrockettAlmanac.com's picture

Hey, hey, my, my. Google never sleeps.

Sun, 01/13/2013 - 07:57 | Link to Comment Winston Churchill
Winston Churchill's picture

And your posts discredit others that believe 9-11 was an inside job.

Thats the whole purpose though, isnt it ?

All you are doing is to turn awau others that might be persuadable to

the truth by your rants.Also the real purpose of them.The leg men in 9-11 are long dead,

so we will never know the actual doers.Loose ends tied.

SS is broke,its unableto pay its bills when due,without borrowing.Bankrupt.

Trading whilst insolvent.Bust,whatever you want to call it.and the sooner

people accept it the better.

Sun, 01/13/2013 - 21:29 | Link to Comment Optimusprime
Optimusprime's picture

Excellent post.  Thanks.  And food for thought for all those knee-jerk philo-semites whose laughable claim to a moral "high ground" needs to be seriously re-examined.

Sun, 01/13/2013 - 05:47 | Link to Comment John_Coltrane
John_Coltrane's picture

Yep, its as off-topic as reading Mein Kampe where in every other paragraph Hitler introduces some problem and then states:

"and thus we return to the problem of the jews"

Here's an example of the style: 

"And what are we to make of this new Jewish science of quantum mechanics and special relativity?"

"...And thus we return to the problem of what to do about those Jews..."

I highly recommend it for a good hoot-I'm guessing many Jew haters haven't even read it.  Shame on them-they'll get some good ideas for future comments.

Mon, 01/14/2013 - 11:53 | Link to Comment Ayn NY
Ayn NY's picture

I'm sure they are well versed. I've even seen the Protocols quoted here.

Sun, 01/13/2013 - 04:55 | Link to Comment OpenThePodBayDoorHAL
OpenThePodBayDoorHAL's picture

yes "bunnyswanson" but what in the hell does any of that have to do with Social Security?

GGYOFB

Sun, 01/13/2013 - 21:33 | Link to Comment Optimusprime
Optimusprime's picture

To be registered with a social security# is to become liable for the debts incurred in our debt-based monetary system.  So much has been made clear in this blog more than once. Who do you think runs the central-banking octopus?  Native Americans? 

Mon, 01/14/2013 - 11:50 | Link to Comment Ayn NY
Ayn NY's picture

The really scary thing is that 17 people voted you down and only 8 gave you an up vote - we will never break free of our primitive nature - how sad.

Sun, 01/13/2013 - 03:33 | Link to Comment Parrotile
Parrotile's picture

If any "future war" involves our unnecessarily large global stockpile of various weapons of mass destruction (the NBC ones), I'd imagine the "next attempt" will be quite THE most successful, not just for any particular race, but for us all.

Always thought co-operation, and respect for ALL others was the best solution to ALL our problems. Seems I was rather mis-informed.

Sun, 01/13/2013 - 03:40 | Link to Comment CrockettAlmanac.com
CrockettAlmanac.com's picture

 

Always thought co-operation, and respect for ALL others was the best solution to ALL our problems. Seems I was rather mis-informed.

 

You were right and most people would agree with you, at least when their strings aren't being pulled. But individuals are no longer actors in the world. We let the elite class "represent" us as we watch from the cheap seats. It's a system built upon disrespect for individual human beings.

Sun, 01/13/2013 - 06:54 | Link to Comment bunnyswanson
bunnyswanson's picture

Zionism is a private club.  Not everyone can be a member.  Negotiations?  Surely, you jest.  This has nothing about getting along with each other.  It is a business plan. 

Sun, 01/13/2013 - 10:55 | Link to Comment Raymond Reason
Raymond Reason's picture

If you've ever spent time in Israel, you would know that "chutzpah" is considered the highest virtue to be cultivated.  What i learned, outside of the American fishbowl, and what most Americans don't understand is that prior to ww2 there was a great schism among world jewry, between zionists and anti-zionists.  Hitler's struggling political party, National Socialist (NA), found their power by partnering with the Zionists (ZI) and became the NAZI party, ultimately dealing the anti-zionists a blow they would never forget. 

But as far as hating an individual because if his/her group...Well, the Mormons copied the Jewish nepotism technique, and while benefiting its member's business and social network while pretending it doesn't, it breeds disdain from gentiles living in the same community.  And unfortunately, the greater world sees Americans as zionist banking partners and beneficiaries, lumping us into a category that most of us don't want to be lumped into, but have derived benefit from nevertheless. 

Sun, 01/13/2013 - 11:39 | Link to Comment hooligan2009
hooligan2009's picture

ummm...i agree that any "holier than thou" minority sect attracts scorn from every other minority sect...but what "derived benefit" are you referring to in the last sentence?

"they" didn't do that; the sum of all minority sects did

Sun, 01/13/2013 - 13:17 | Link to Comment Raymond Reason
Raymond Reason's picture

Americans have been the Zionist's useful idiots, and are rewarded by being one step closer to the wellspring of enforced petro dollars than the rest of the world, the farthest removed bearing most of the burden of exported inflation. 

Sun, 01/13/2013 - 19:55 | Link to Comment Cathartes Aura
Cathartes Aura's picture

.

Well, the Mormons copied the Jewish nepotism technique, and while benefiting its member's business and social network while pretending it doesn't, it breeds disdain from gentiles living in the same community.

indeed, "Mormons" have many behaviours in common with those named, including a version of "Zion" that allows their special members, the Temple'd ones, to refer to themselves as "Zionists" albeit of a different flavour perhaps, but certainly many secret rituals and masonic symbols are embedded in the religion.

here's a link to "answers" provided from a Mormon perspective - note the many references to Jewish history/faith.

plenty of Mormons in covert USgov. roles, from "ambassadors" to CIA, FBI, etc. - where's the new "data center" located?

Mon, 01/14/2013 - 00:40 | Link to Comment Raymond Reason
Raymond Reason's picture

Interesting.  Thanks for the link!

Sun, 01/13/2013 - 13:53 | Link to Comment boogerbently
boogerbently's picture

Bunny,

"So many people cannot be wrong."

We re-elected obama!?!?!

Sun, 01/13/2013 - 18:30 | Link to Comment JungleJim
JungleJim's picture

Can I get that kosher ?

Sun, 01/13/2013 - 18:30 | Link to Comment JungleJim
JungleJim's picture

Can I get that kosher ?

Sun, 01/13/2013 - 01:10 | Link to Comment El Tuco
El Tuco's picture

When people get fed up they start to deal in cash. They avoid paying taxes whether it's sales tax or income tax. It happens all over the world. There are always two prices....check or cash. It's only a matter of time until black-markets start in the USA. People will want to avoid paying taxes or claiming income.

Isn't there an old saying "Why fuck each other when we can fuck the Guberment....."

Sun, 01/13/2013 - 02:37 | Link to Comment AGuy
AGuy's picture

"When people get fed up they start to deal in cash."

Bring out your Wheelbarrow! I see lots printing coming to an FRN near you! Cash systems only works when the currency is stable, The article suggests a radical change coming to our future as the gov't must exponential increase printing to pay for the all those entitlements. Lets also not forget that most Pension plans (private and especially Public) are grossly underfunded and will need a bailout in the next 3 to 5 years.

Sun, 01/13/2013 - 01:44 | Link to Comment Overfed
Overfed's picture

They all think that if they'll get a payout from the pyramid scheme, too.

Sun, 01/13/2013 - 02:46 | Link to Comment Mentaliusanything
Mentaliusanything's picture

Next Democat election poster says...

Personal Mobility Devises For ALL

or 

PMD for every one (Print More Dollars)

Sun, 01/13/2013 - 12:24 | Link to Comment Kreditanstalt
Kreditanstalt's picture

They'll just decide to "go on strike".  To retire, NOT open that business, not invest, live on savings, emigrate, not hire anyone...and so on.  No open revolt but no wealth generation either.

Sun, 01/13/2013 - 17:47 | Link to Comment Lord Koos
Lord Koos's picture

Productive people, like politicians, traders, speculators, and bankers?

Sun, 01/13/2013 - 04:45 | Link to Comment e_goldstein
e_goldstein's picture

blah blah blah blah blah blah blah

still bullish on catfood.

 

Sun, 01/13/2013 - 08:49 | Link to Comment Watauga
Watauga's picture

it is correct that the government tax collectors CAN choose to stop payments.  But that is the one thing they will never do, because the vast majority of Americans are "vested" in the system, have seen their money disappear for 10 or 20 or 50 years, and EXPECT to received repayment of that money in their own old age or debilitation.  To stop payments is to risk too much.  So, the government will always make social security payments.  It will just choose to means test (stealing more from those who have contributed the most) it, short change those with pensions, change the retirement age, and so forth.  Social Security is the government's best means of control of the people.  

Sun, 01/13/2013 - 12:41 | Link to Comment Stock Tips Inve...
Stock Tips Investment's picture

This is the great reform that sooner or later will have to be made. There is enough money in the economy to finance Social Security. Politically it is a very difficult issue to deal with, but as always, reality will impose.

Sat, 01/12/2013 - 23:51 | Link to Comment Silver Bug
Silver Bug's picture

The Social security system is BEYOND broke, don't worry though, they will just print more fiat money.

 

http://marcfabersblog.blogspot.ca/

Sun, 01/13/2013 - 09:16 | Link to Comment Landrew
Landrew's picture

You repeat BULLSHIT! Social Security is not broken! Our CONgress is broken! Social Security has a 2.6 TRILLION dollar surplus! The problem is CONgress has not budgeted for repayment! Let's put the blame where it belongs!

http://www.youtube.com/watch?v=ihUoRD4pYzI

 

Sun, 01/13/2013 - 12:41 | Link to Comment Bob
Bob's picture

That's a problem for the muppets . . . and to the finance mentality, they're the guys who are damn well supposed to get screwed.

After all, they've been warned for decades we were going to rob them . . . which makes it their own damn fault. 

Hell, they robbed themselves.  Fucking parasites.

http://en.wikipedia.org/wiki/Stockholm_syndrome

http://behavenet.com/identification-aggressor

 

Sun, 01/13/2013 - 13:56 | Link to Comment boogerbently
boogerbently's picture

If everyone knows that disability fraud and the other programs stealing from SS is the problem, why is the cure always to cut senior benefits and extend the retirement age?

Sun, 01/13/2013 - 14:56 | Link to Comment Bob
Bob's picture

Eye on the prize.  Assuming a very negative perspective, the branch of "criticism" that focuses on stirring up outrage over disability fraud is part of the same tree as the others.  Relentless delegitimization of SS in the public mind is the over-arching strategy for all of them, apparently on the theory (whether ever articulated or not) that whatever serves one branch necessarily serves them all.

See my explanation of the real debt below.

Alternatively, people in the finance community are just like everybody else--monkey see, monkey do imitation of trend-setters.  Must be great to just say "ponzi" or "IOU" or "money spent" and get credit for financial insight. 

Not to mention that there are a whole lot of rightfully pissed off people in this country who need somebody to beat on . . . and for the mob pretty much anybody within reach will do.

It's not like the Banksters are within reach.

But understand this: The money has not yet been stolen.  The current "debate" now that cash flow has gone negative is going to settle exactly that question.   "Reforms" are nothing but an effort to dodge it. 

Sun, 01/13/2013 - 18:13 | Link to Comment hllnwlz
hllnwlz's picture

Did you read the article? I am so tired of people who can't read charts or perform the most basic arithmetic. I bet you vote too, goddammit.

Sun, 01/13/2013 - 12:43 | Link to Comment cranky-old-geezer
cranky-old-geezer's picture

 

 

"broke" is sufficient.   No need to add superlatives.

SSTF has no money.  Just IOUs earning interest, which is paid with more IOUs.

If benefit payouts exceed FICA coming in, the shortage is made up from borrowing, like the $48 billion borrowed last year.

Borrowing might be a little less this year since the 2% FICA tax break has been stopped.

FICA is just another tax, and SS is just another welfare program.   It looks different but it's merely accounting tricks. It's a welfare program for all practical purposes.

Being a welfare program, there is no"vestment" in a practical sense.  "vestment" implies a contract of some sort, like an annuity from an insurance company, where benefits are locked in by contract.

But there is no contract in SS, hence no sort of locked-in benefits, hence no "vestment".   Congress can change benefits anytime they want, even eliminate benefits altogether, like any other welfare program.

So yes, it's a welfare program for all practical purposes. 

It's a severly underfunded welfare program.  Borrowing $48 billion a year means severely underfunded. 

That $2.7 trillion sitting in the SSTF is just IOUs.  There's not one single dollar of cash in the SSTF.

Obama can say SS is fine because the US govt can keep borrowing money.  He just doesn't mention the borrowing part.

The $48 billion borrowed last year is part of $1,500 billion borrowed overall.  Or $1,300 billion, whatever.

If you had to borrow half your living expenses each month, would you be fine?  Would you be in good financial shape?

Sun, 01/13/2013 - 06:42 | Link to Comment Wile-E-Coyote
Wile-E-Coyote's picture

Cat food prices just shot up 50%

Sun, 01/13/2013 - 12:15 | Link to Comment HomeBrewPrepper
HomeBrewPrepper's picture

I know a guy (really an asshole) that gets paid disability for some reason. But he works a side job laying block. How can he work a labor intensive job like that and be on disability. I was so pissed I told a couple police friends of mine and they said there is nothing that can be done. Plus the a-hole wouldn't marry his girlfriend of 19 years and had 3 kids with because it would mess up his ssdi. An on top of that he starts drinking Busch 9 in the morning.

Sat, 01/12/2013 - 23:07 | Link to Comment Skateboarder
Skateboarder's picture

Don't worry, the house of cards will have long fallen before people realize there's no payout from SS.

Sat, 01/12/2013 - 23:07 | Link to Comment Arrowflinger
Arrowflinger's picture

Social Security is no security. If you just realized that, you are decades behind.

Sat, 01/12/2013 - 23:24 | Link to Comment NoDebt
NoDebt's picture

A-freaking-men.  These types of "pay as you go" schemes fail when demographics turn against you.  Add in lousy growth of the economy as a whole and inbound payments tied to wages that have been stagnant for decades and.... well, you get the idea.

 

Sun, 01/13/2013 - 09:22 | Link to Comment Landrew
Landrew's picture

Again you do not know what you're talking about! Social Security is not a pay as you go system and hasn't been since the Greenspan/Dole commission. Social Security has a surplus of 2.5 TRILLION dollars! Does that sound like a pay-as-you-go system to you? So either you are a troll or just ignorant of how government works! I will chalk it up to ignorance I would hate to believe you would stoop so low as to take money from the BANKSTER/TAKERS and work against we the workers of the U.S.A.!

Sun, 01/13/2013 - 10:42 | Link to Comment Arrowflinger
Arrowflinger's picture

Dunno how I ended up in the company of banksters who I desire to have executed by the tens of thousands.

I posted the reality or MATH that was obvious 30 years ago. I then concluded that SS would still be around, but it wouldn't pay for much. Greenspan in 2005 testified that I was correct in 1980.

 

Sun, 01/13/2013 - 10:47 | Link to Comment sunnyside
sunnyside's picture

I understand what you are saying that the ledger shows 2.5 trillion, but the holder of that 2.5 trillion that SS lent it to spent it.  It's gone.  When SS starts drawing on it (the principle), the holder (the general US fund) has to borrow it to pay it back or just use general tax revenue at the expense of other programs/gov't spending.  This is what I see.  Do you see different that I am not understanding?

 

Sun, 01/13/2013 - 13:21 | Link to Comment Bob
Bob's picture

Of course it's "gone."  The govt formally borrowed it to spend.  Nobody borrows money to let it sit.  The government has a total $16T debt that represents nothing but money that is "gone."

Consider this:

Of that $16T in precious federal debt that is allegedly so desperately important for us to pay back, nearly $5T is owed to government agencies like the SSTF. 

http://www.gao.gov/special.pubs/longterm/debt/debtbasics.html

What people are really saying here--whether they realize it or not--is that the debt to the SSTF should be defaulted on. 

Otherwise we'd have to either cut spending (defense an obvious candidate) or increase taxes (nobody with money, who doesn't need SS, is interested in this.)  Or roll over the debt into regular Treasuries like we do for every other debt that the govt defers payment on.

All the bullshit about ponzies, IOU's, etc is just that.  Bullshit. 

It's a raping of the muppets that the oligarchs' toadies can participate in . . . while feeling virtuous in doing it.

Can it really be surprising that this is so popular among people in the financial industry?

Sat, 01/12/2013 - 23:09 | Link to Comment zorba THE GREEK
zorba THE GREEK's picture

I guess we will have to mint a couple of trillion dollar coins

to cover SS deficits. At this rate, the mint will have to hire

more employees to make additional trillion dollar coins.

Sun, 01/13/2013 - 09:24 | Link to Comment Landrew
Landrew's picture

Does a surplus of 2.5 TRILLION sound like a deficit you fucking MORON!

Do NOT follow this link or you will be banned from the site!