Yes, Social Security, Medicare, Medicaid, and pension plans. I'm all for cutting military spending, but it's not the problem. Ron Paul could have choose spending on education, I'd have same issue, just swap military with education. The reason he choose military is because he saw people rally around it, and that's the biggest issue I have with it, and with him. He's a smart man, he knows military spending isn't the number one problem, yet he makes it his number one issue, just another politician like all the rest. If I thought that he thought that military spending was number one issue, I'd respect him much more.
Pailin's Trading Corner
May 9, 2012 - 4:34pm
#22883
Unfunded Entitlements?
May 9, 2012 - 4:35pm
#22884
BlackHawk
Right on BlackHawk, I couldn't have said it better myself.
whenever Ron Paul would corner that ugly freak A. Greenspan about deficits the freak would say it was because of 'entitlements'. This from a sociopath who never worked a day in his life, conned idiots into believing his endless gibberish and worked as Troll Guard at the bridge in front of the Banker Palace.
Upon retiring this moron who is more responsible for gutting a once proud American economy than any single other immediately signed on to 'advise' Paulsen and associates, the very guy who made 14 billion off insider information by shorting the subprime market. Look up his fee with Paulsen if you want to see how real welfare works. Then look up his speaking fee based on his public image. Those are 100,000 an hour handouts courtesy of his service in government over a lifetime of lying,groveling,prevaricating, and defecating on the money system.
May 9, 2012 - 4:38pm
#22885
wrong again Rabitt
Ron Paul's singular contribution to any campaign is his insistence on the protection and preservation of the Constitution. Without individual liberty you have nothing. You have a crypto-facist authoritarian state that soon enough will go to lockdown.
May 9, 2012 - 4:39pm
#22886
I agree with pretty much
I agree with pretty much everything you say, lets replace entitlements with future funds America has promised to distribute to citizens for which it does not currently have a way of funding.
May 9, 2012 - 4:40pm
#22887
The problem isn't the credit
The problem isn't the credit being created, it's as silver wealth remarked, the disappearance of it, out of the country and into big black holes.
Imagine if that 16 trillion was spent in America rebuilding the infrastructure, instead of given to European and American banks.
Depression? what depression, but no, these parasites want to take it all, including all basic provisions
May 9, 2012 - 4:49pm
#22888
@rtabit, daveyboy - Huh? Are
@rtabit, daveyboy - Huh? Are you guys nuts? There is NO MONEY. No $16T. It's all hot air. True GDP of this nation is the average hourly wage multiplied by total number of hours worked LESS debt service. That's a pretty small number. Anything above that is inflationary money printing to press the economy forward (at a price...interest).
This is why deflation scares the sh.t out of everyone. It reprices everything. Lower. Labor. Stuff you own and stuff you need to buy. Everything except debt. Of which we all have too much - either directly (mortgages, credit cards, student loans) or indirectly via our spend-machine government. The national debt is our debt.
Everybody wants cheaper gas and iPads. Nobody wants a 50-70% pay cut.
May 9, 2012 - 5:01pm
#22889
Someone thinks there is $16T,
Someone thinks there is $16T, else they wouldn't have bought it, or rather wouldn't have been willing to lose it order to stimulate their own economy.
May 9, 2012 - 5:06pm
#22890
rtabit wrote:Someone thinks
Someone thinks there is $16T, else they wouldn't have bought it, or rather wouldn't have been willing to lose it order to stimulate their own economy.
You work all day. Your boss takes your work product and sells it to somebody that needs it. For this you get paid a wage. You take that wage and spend it on somebody else's work product that you need (food, shelter, transportation, vacation, etc). Round and round it goes. All good. But that wage. It's in dollars and nobody works to create that. It's magically created out of thin air. The bankers get to buy all the work product they can manage without having to create work product of their own!
That's the scam. Not everybody is working for their purchasing power.
That $16T? It's magic money too, created out of thin air...bonds "backed by the full faith and credit of the United States"...in essence Treasury's power to future tax the sh.t out of the citizens, anybody with a SSN. Everything that's bought with it is stolen from those that actually created work product for their wage (purchasing power).
May 9, 2012 - 5:18pm
#22891
Maybe you are correct, didn't
Maybe you are correct, didn't think about it that way. But from what I've seen, and I don't go searching around for video of Ron Paul addressing the public, it seems to me that when he brings up military spending it is in reference to spending issues, not protection and preservation of the Constitution. But yes, now that I think about it, he does talk a lot about protection and preservation of the Constitution, but that does not seem like the main focus of his campaign, but maybe that has to do with how the media covers him, maybe not.
May 9, 2012 - 5:24pm
#22892
Ron Paul
His issue with the military is waste of productive means but also our aggressive posture. A posture that if used against us would be considered an Act of War. As if an Americans life is somehow more sacred than a Libyans or Iraqis. The human right to life is either sacred or not. We regularly occupy other countries, kill their citizens, etc etc. And every time we rob somebody of their freedom, the ultimate freedom to LIVE. We as a country are the ultimate hypocrites - do as I say, not as I do.
May 9, 2012 - 5:24pm
#22893
Yes, I agree, but if we can
Yes, I agree, but if we can somehow work that $16T down, or at least stop increasing it, that is less interest into the bankers pockets and more into mine (hopefully, in an ideal world). This will never happen until we fix the problem of promising funds in the future to citizens for which we don't have.
May 9, 2012 - 5:28pm
#22894
Work it down?
The bill is $50k/head right now, as I wrote to TPaine. But nobody has that money. Nobody. The stats are all over ZH and CNN and everywhere. The citizens are broke or even net negative. Plus interest. There's no $50k/head.
Really. What would you do if a govt official (of a rather Chinese appearance :) knocked on your door and said YOU owe $50k and we're calling the note due immediately. Write a check or we take all your possessions to auction and you are our slave labor at Chinese minimum wage until the balance is worked off. Now multiply that by the size of your household. Wife? Two kids? Then the number is $200k. That's the reality of it. The rest is politicking, paper games, and BS.
May 9, 2012 - 5:44pm
#22895
pailin wrote:
The bill is
The bill is $50k/head right now, as I wrote to TPaine. But nobody has that money. Nobody. The stats are all over ZH and CNN and everywhere. The citizens are broke or even net negative. Plus interest. There's no $50k/head.
Really. What would you do if a govt official (of a rather Chinese appearance :) knocked on your door and said YOU owe $50k and we're calling the note due immediately. Write a check or we take all your possessions to auction and you are our slave labor at Chinese minimum wage until the balance is worked off. Now multiply that by the size of your household. Wife? Two kids? Then the number is $200k. That's the reality of it. The rest is politicking, paper games, and BS.
If/when the Chinese come calling, we default, no more this bailout bullshit, default and get it over with, deal with the consequences. Until the Chinese come calling, we should at least try to get our financial situation in some kind of order. If someone owed me money, I'd be a lot more understanding if I saw the frig was empty than if I saw three hookers and a pile of coke on the table.
May 9, 2012 - 6:06pm
#22896
Bottom? I sure don't see one.
Bottom? I sure don't see one.
I see a possible deflation event that is scaring the pants off of everybody. Greece, Italy, Spain -- take your pick. I think Greece by itself is going to cause some serious problems when they default or re-re-structure. Of course a Greek CDS event would cause serious trouble for US banks.
On the other hand, there's an election coming up. Obama seems certain to be re-elected. But do you think the politicians are looking at Europe and getting a little nervous about how those same forces might show up in their constituency?
But it looks to me like we are going quite a bit lower from here. Just my guess.
May 9, 2012 - 6:31pm
#22897
pailin wrote:
His issue with
His issue with the military is waste of productive means but also our aggressive posture. A posture that if used against us would be considered an Act of War. As if an Americans life is somehow more sacred than a Libyans or Iraqis. The human right to life is either sacred or not. We regularly occupy other countries, kill their citizens, etc etc. And every time we rob somebody of their freedom, the ultimate freedom to LIVE. We as a country are the ultimate hypocrites - do as I say, not as I do.
That Paul's the only candidate who see it like that is one of the many reason I support him.
May 9, 2012 - 6:31pm
#22898
Rabitt
Know your criminal. Who is the real thief? Cui Bono? Stop blaming and focusing on people that are due 'entitlements'. You have been fooled. You need to stand the perspective on its head.
There quite literally was a little meeting in NYC between Pres. elect Clinton and the two morons Greenspan and Rubin in late 91'. They had looked over the numbers and knew the economy was in for massive transition and could never again sustain true GDP. They told Clinton the only way out was to create a nation based in consumer debt and the monetization of growth. Money printing, the stock indexes,the labor arbitrage of shipping all jobs to China and the constant bombardment of MOPE, management of perception economics, were to become the 'New Economy'.
We are confronted with the disastrous consequences of this nonsense now. These were academics,sociopaths and charlatans who were experimenting fly-by-night, who were never accountable for anything and who eviscerated the very heart and soul of the economy. Domestic enemies of the first order of magnitude.
May 9, 2012 - 6:53pm
#22899
Pailin....come on now. all
Pailin....come on now. all credit is hot air, the very creation of money is from nothing but utilising said system, you cannot deny that said credit would transform the entire infrastructure of America.
However in saying all credit is hot air, we still "owe" it back with interest. I don't have the answers, what I do know is that creating 16 trillion to provide to the banks, is reshaping the world as we know it. This is the ultimate heist.
May 9, 2012 - 7:08pm
#22900
@daveyboy
Everything I wrote I believe. And I could be wrong. Happens all the time, but not usually on the big stuff and not usually in ways that cost me buying power. The reason I come through so forcefully and determined most of the time is because my thoughts and strategies have been tested for over 20 yrs and found to be winning. Helluva self-confidence builder. We could use more of that in general, folks believing in themselves, would take much of the wind out of govt-is-necessary argument.
Not sure which part you didn't agree with?
May 9, 2012 - 7:14pm
#22901
I was merely responding to
I was merely responding to you talking about the 16 trillion as being hot air, when it's all hot air, but, we are paying for that hot air and that hot air can be utilised for the betterment, or it can be utilised to destroy. The ploy here seems quite obvious to hold on to this "money" to cause a great collapse (deflation) and then use that to buy up everything which they don't already have a handle on and in the process pulverise living standards.
This was the plan from the get go, everything feels almost....inevitable, I have never had this sense of foreboding, or at least not as strongly before.
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It wasn't just a job to me. It was tradition and a sense of duty. I signed up to defend YOUR freedom.
I'm down with that. Really I am. The problem is that MY freedom (and every other Americans) hasn't needed defending in my lifetime and quite a few generations before as well. At least not from foreign powers. I mean 175 years ago Mexico wanted Texas back. Other than that...I'm a little vague on pre-20th US history.
The thing they never tell anybody, especially new recruits is that there are no shades of gray in freedom. You're either free or not. And we're not. All those laws. All those bureaucrats. All those taxes and fees and licenses and fines and penalties and collusion. Geez it never ends. We just have a better standard of living than most slaves.
Imagine the hypocrisy required to hire folks to be fully owned and operated by the US Navy (or whatever) 24/7 for four years, have commands barked at you constantly that must be followed or off to the brig, all in the name of defending freedom!
I'll fight any day for my freedom. But not for a flag or a 'cause'.
__________________
I never buy at the bottom and I always sell too soon. -Baron Rothschild
Man is a credulous animal, and must believe something; in the absence of good grounds for belief, he will be satisfied with bad ones. -Bertrand Russell