Comments on: The Victims Of Low-Interest Locusts

By: cmc1026

cmc1026 — Sat, 25 Aug 2012 06:03:00 +0000

I love how people want to blame Wall Street for the meltdown we had. Let’s go over this.

It was a Wall Street tactic of bundling mortgages that led to the meltdown correct?
But why would bundling mortgages be bad?
It wouldn’t be bad, unless, the mortgages themselves were bad. Loans made to people who couldn’t pay them back. You see if the loans were all viable, there would have been no meltdown.
Why would banks make loans to people who wouldn’t pay them back? Banks don’t stay in business by loaning money that they aren’t going to get back.
But if someone told the banks to lower there lending standards (forcing them really) and they will guarantee the loans, the banks can’t loose. But who would do such a thing? What you say, the Democrats? I know you didn’t say that, because you’re part of the problem.
But if you had said the Democrats you would have been right. And yes, the same Democrats that say it was all wall streets fault. How convenient.

By: onedonewong

onedonewong — Thu, 23 Aug 2012 03:04:00 +0000

It doesn’t touch the $400Billion that trial lawyers steal from the system every year. Trial lawyers take more from medical premiums in 1 year then all the Insurance companies CEO’s pay since their inception.
Barak refuses to touch them because trial lawyers are the single largest contributors to Dem’s

By: Theodora30

Theodora30 — Wed, 22 Aug 2012 12:15:00 +0000

That is actually more like $700 b but it comes mainly from cutting the taxpayer subsidies Bush and his Republican Congress gave to private, for profit insurers so that they could compete with the government for Medicare dollars with their program, Medicare Advantage. Those plans costs us more than $1,000 more per Medicare recipient than does traditional Medicare. To get people to sign up Advantage programs provided such things as gym memberships – hardly something we taxpayers should be paying for.

Other savings come from cracking down on inefficiency, unproven or unnecessary procedures and fraud. Not one dime comes from benefits to seniors. In fact, the bizarre “donut hole” in their prescription drug plan has been eliminated, saving about $600 for the many seniors who spend enough on prescriptions to hit that hole.

Why Democrats or the media have never made a serious attempt to eexplain this to voters is beyong understanding.

By: EAT THE RICH

EAT THE RICH — Sun, 19 Aug 2012 01:41:00 +0000

the gop, party of by and for the obcenenly rich , have been rewriting all the laws since the bush klan got away with killing the kennadys and putting nixon in the white house. if the people are stupid enough to continue voting for nazis, what happens is deserved.

By: onedonewong

onedonewong — Wed, 15 Aug 2012 17:29:00 +0000

Its borrowing $$$ hand over fist from China..for 1 reason and 1 reason only the “trust fund” holds nothing buy IOU’s

By: Fern Woodfork

Fern Woodfork — Wed, 15 Aug 2012 13:46:00 +0000

SCREW YOU ASSHOLE!!! WITH YOUR RACIST ASS!!!

By: Dominick Vila

Dominick Vila — Wed, 15 Aug 2012 11:04:00 +0000

SS is self sufficient and does not use any money from the general fund.

By: ELLISD25

ELLISD25 — Wed, 15 Aug 2012 01:36:00 +0000

I DON’T HAVE ALOT OF SAVINGS – MAYBE A THOUSAND DOLLARS – I WAS ALWAYS ON THE LOW END OF THE PAY SCALE – THEN I USED UP MOST OF IT RIGHT BEFORE I WENT ON SOCIAL SECURITY – ANYWAY, ON A THOUSAND DOLLARS I GET A FEW PENNIES IN INTEREST EACH QUARTER – BUT THE INTEREST THEY CHARGE ME ON MY CREDIT CARD IS TWENTY-FOUR PERCENT PER ANNUM (24%) !!!! TO PARAPHRASE SHCKESPEAR, COME THE REVOLUTION, THE BANKERS WILL BE THE FIRST ONES WE’LL SEND TO THE WALL.

By: onedonewong

onedonewong — Wed, 15 Aug 2012 00:51:00 +0000

Sorry if barak wins SS will be administered by the Chinese since they will be bankrolling the program. Thanks to Barak and his tax cuts SS is BROKE and is having to borrow Yuan to pay current recipients.
Barak is eliminating Medicare Advantage programs this year but is trying to keep the wool pulled over Seniors eyes with a demonstration project that costs $8B and will end in Jan 2013.
The Ryan plan eliminates illegals and those who have never contributed to medicare from being able to us it

By: metrognome3830

metrognome3830 — Wed, 15 Aug 2012 00:42:00 +0000

Sorry, Tom, but that was my reaction to your post. That’s the drawback to short posts, no real discussion can take place. I don’t recall saying you were ignorant, however. A trait you have no trouble attributing to me. Nor did I say anything about hating you. As for life experience, Tom, I have been around a long time and have done a lot of things. I may have been around longer than you, I don’t know. I worked almost continuously from the day after my graduation from high school with a couple of short layoffs. I operated my own small business for a time. No, I never had to bail employees out, buy their tools or put up the deposit for their apartment, though I was willing to do that if I thought the employee was worth that to my business. My experience, Tom, is that the majority of people will do their best to do the right thing. There will always be those who disappoint. That can’t color your attitude about everybody. I would submit that if you are going to get belligerent and make claims about other people, the same thing will come back at you. You feel you can accuse me of living only a theoretical life and having no real life experience, or that I rely on Rachel Maddow or Ed Schultz for my education. For your information, I don’t listen to either of them or to any of the right wing pundits either. Do you get your ideas from Rush Limbaugh and Glenn Beck? I spent 38 years working in a trade that was a victim of the desktop computer. I didn’t complain when the last company I worked for went out of business, nor did my employer complain that it was my fault. I opened my own business and operated it, but within a couple of years, I could see that I was not going to make my fortune at that, so I shut it down. And found other jobs for my employees, instead of just saying sorry, good luck. And then I got a commercial driver’s license and drove school buses, and transit buses for a large metropolitan transit system and I supplemented my income by driving tour buses on my days off. Interstate and International trips. And won awards for my driving. I was a member of three unions during my working years, the International Typographical Union, Teamsters and Amalgamated Transit Union and I’m still a retiree member of the ITU and the ATU. I was married three times. Widowed once, divorced once and presently married and have been for the past 20 years. I raised five kids, I was a homeowner, Six of them during my lifetime. I have lived and worked in four states from the upper Midwest to the Pacific Northwest to the desert Southwest which is where I retired and where I went back to work for another 2.5 years driving a transport van moving hospital patients between facilities and to and from their homes, most of them on stretchers or in wheelchairs. In 100+ degree heat, I might add. Yes, sometimes I complained about lousy hours or working conditions, but I did the work I was hired to do and did it to the best of my ability. I punched in, went to work, and worked my full shift and quite often 2, 3, 4 or more hourse beyond. And, I also served on contract negotiating committees for the Typographical Union. And I knew a lot of people who did the same thing, Tom. So, if I get in your face when I start hearing about all the lazy workers and welfare cheaters that you allegedly deal with, why would you be surprised. And don’t ever call me ignorant to my face. I’m 74 years old, but I would still rather take a beating than let you talk to me like that.