Your tax dollars given to the rich...AGAIN - Page 6 - U.S. Politics Online: A Political Discussion Forum

underboss · #76 (**permalink**) 04-15-2008

Quote:

Originally Posted by Norrin Radd

Good post.

Too bad most Americans do not want to hear the truth.

I guess there will be many more Ida May Fullers taking advantage of the scam before Americans realize the truth or before the government runs out of funds.

Oreo · #77 (**permalink**) 04-15-2008

Quote:

Originally Posted by goober

I believe you'll find that the entire Social Security surplus is invested by law in US government bonds.

The reason the payout is low is because Social Security is an insurance plan, not a savings plan. It provides disability benefits, survivor benefits as well as retirement benefits.
It has the lowest administrative cost load of any pension fund in the world.

The government bond I was referring too, paid out at least 2% more on average than social security. I don't know if it was short or long term due to the curve?

Again, there are annuities & other instruments, that are safe where the return on investment would be enormous over the long haul.

Oreo · #78 (**permalink**) 04-15-2008

Quote:

Originally Posted by jviehe

200billion is far less than those companies have paid in taxes to the federal govt over the years, so think of this as a give back, instead of a give away.

Then, is it O.K. for them to give me back the thousands I have paid the government in taxes? Sorry, either way, it's a bail-out.

Oreo · #79 (**permalink**) 04-15-2008

Quote:

Originally Posted by wrxsti

Federal Reserve Act
Dispersed throughout 12 USC; ch. 6, 38 Stat. 251 (December 23, 1913)

To provide for the establishment of Federal reserve banks, to furnish an elastic currency, to afford means of rediscounting commercial paper, to establish a more effective supervision of banking in the United States, and for other purposes.

Federal Reserve Act

I suppose this falls under "and for other purposes"?

Another agency "formed" by the government that really screwed up.

Oreo · #80 (**permalink**) 04-15-2008

Quote:

Originally Posted by AkDiesel

We have this kind of thing going on because we keep sending the Reps and Senators back to D.C. for the long term..
We get what we voted for..
So we should be up set with our selfs and not the ones that we have voted for.. WE are the ones to blame.

Our government has no control over the Federal Reserve Bank. The fed. reserve bank run by now chief "Barney" is what I call him, consists of 11 banks with him in the saddle. He made the decision to bail out Bear Stearns.

Then the senators learned of this, & started questioning the practices of mortgage lenders regarding the sub-prime mortgages, lending to unqualified people, that got us all into this mess in the first place.

jviehe · #81 (**permalink**) 04-16-2008

Quote:

Originally Posted by Oreo

Then, is it O.K. for them to give me back the thousands I have paid the government in taxes? Sorry, either way, it's a bail-out.

Hell yes, give us all back our taxes weve paid.

Thread Tools
Show Printable Version Email this Page
Display Modes
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode