It's time to end Social Security, Medicare, Medicaid, Welfare, and Public Education

Among elderly Social Security beneficiaries, 52% of married couples and 74% of unmarried persons receive 50% or more of their income from Social Security. Among elderly Social Security beneficiaries, 22% of married couples and about 47% of unmarried persons rely on Social Security for 90% or more of their income.

http://www.ssa.gov/news/press/basicfact.html

 

Bull(*)(*)(*)(*).

Income inequality skyrocketed during the disastrous Carter years.
Reagan policies caused ALL incomes to go up. People who couldn't find a job suddenly were in demand.

It's always DEMOCRAT policies that create the bigger gaps between the achievers and the losers.

 

GSEs are another issue, different than money policy. But yes, I am denying that they created the housing bubble.

Proof of the pudding is that we have lower interest rates now. And GSEs existed decades before the housing bubble.

Are you denying that the greed of banks and mortgage brokers who made billions in fees and bonuses shoveling gimmicking mortgages on people who had no place having them was a cause of the housing bubble?

Are you denying that drastic cuts in investment taxes that resulted in tax rates for investments being less than half the rate on earned income was a cause in the housing bubble?

Are you denying that lack of regulation by the Govt in the mortgage lending business and derivative use and ratings that led institutions believe they were insured by AAA rated companies was a cause of the housing bubble?

What does that have to do with the subject?

Your propose to drastically cut government spend will result in hundreds of thousands if not millions more job losses.

So the Bank can't sue the customer if he stops paying on the loan?

 

False.

Baseless assertion. But I've noticed that you've been shut up from making your repeated silly false claim about Reagan having the "The greatest economy of all time"

More silly false baseless claims, just like the one you repeatedly made about Reagan having the "the greatest economy of all time".

 

Over time, GSE's have laxed rules and requirements for getting loans. Early on this promoted longer loans and larger homes. In recent years, this got worse with CRA mandates and a larger share of loans being backed by government. This clearly created a boom in qualifications which drove up prices. After the bust, some of these easy policies had to be scraped. Which is why even low interest rates are not inducing drastic inflating of the bubble, but it is being re-inflated.

No, I'm not denying banks pushed gimmick loans which led to the bubble, but who was backing these loans? GSE's. Eliminate them from the scenario and you have banks loaning their own risk.

Investment tax rates had nothing to do with the bubble, IMO.

I agree that lack of proper regulation was a part of the problem. But so was improper participation by the government through housing policies and GSE's. IMO, governments proper roll is referee and not quarterback in any market.

I want reduced government spending and taxation to allow a proper private sector recovery.

Part of the governments job is to enforce contracts. It is silly of you to use it as an exàmple. Just because I want less government does not mean no government.

 

In their family's home.

I'm not the one throwing Granny on the street.

Health care and pensions are not a federal responsibility.

 

Any idiot can make a chart. This chart is WRONG.

I have not been shut up from telling the truth. The Reagan economy was not only the best economy of all time, it was the LONGEST RUNNING in American history, beginning around 1983 and ending around 1998 when Clinton finally got the Congress he wanted and proceeded to BUTT (*)(*)(*)(*) OUR ECONOMY. Nobody shuts up the truth.


MOD EDIT - Rule 3
Reagan was the greatest president in history. Obama was the worst.

Period.

End of argument.

 

A nice healthy dose of deflation is exactly what we need, and although I do agree with Iriemon's economic viewpoints much of the time, he and I have always disagreed about deflation. You have put the proposition rather nicely.

We should have gotten it back in 2007-2008, but instead we had the Federal Reserve central bank storming in with its "fraud balloon" of stimulus and "quantitative easing", squashing interest rates artificially, and totally manipulating the economy to protect Wall Street. We never really had a true SHAKE OUT... and we need one now. Right now the economy is like a guy that still has huge sores and boils all over his body -- they need to be removed instead of protected. From an economic standpoint, deflation would be the best way to bring back true value to everything, all across the board....

 

Gee, I hope you never get down on your luck and need help.

 

There's a difference between getting "down on your luck" while suffering a temporary setback, and a situation where a person WALLOWS in the setback, and turns into a welfare-sucking slob for years and years afterwards.

"Our" public schools are nothing but thinly-veiled Socialist indoctrination centers that teach young people to be aimless, worthless parasites who are incapable of doing anything on their own, but needing government to tell them everything to think and to do....

"What do I think?! Uh, wait a minute and let me find out...."

 

SS was robbed by two wars that had zero legitimacy, based on lies of the Taliban being the enemy who we created, and the lie that WMD's were there when (Hubris) proved they in fact were not there and that intelligence was ignored. END OF STORY! Not too hard to figure out. Using S.S. is just the political pawn to get rid of it, when S.S. has always paid for itself.

 

MOD EDIT - Rule 3

The Sosha Curity trust fund never existed. If it was robbed by ANY war, that war was Johnson's WAR ON POVERTY.