Getbig.com: American Bodybuilding, Fitness and Figure
Getbig Main Boards => Politics and Political Issues Board => Topic started by: Soul Crusher on April 06, 2010, 07:56:03 AM
-
Does U.S. Need To Split Along Political Lines?
By WALTER WILLIAMS
Posted 04/05/2010 06:55 PM ET
www.investors.com
________________________ ___________________
Ten years ago I asked the following question in a column titled "It's Time To Part Company":
"If one group of people prefers government control and management of people's lives and another prefers liberty and a desire to be left alone, should they be required to fight, antagonize one another, risk bloodshed and loss of life in order to impose their preferences or should they be able to peaceably part company and go their separate ways?"
The problem that our nation faces is very much like a marriage where one partner has broken, and has no intention of keeping, the marital vows. Of course, the marriage can remain intact and one party tries to impose his will on the other and engage in the deviousness of one-upmanship. Rather than submission by one party or domestic violence, a more peaceable alternative is separation.
I believe we are nearing a point where there are enough irreconcilable differences between those Americans who want to control other Americans and those Americans who want to be left alone that separation is the only peaceable alternative. Just as in a marriage, where vows are broken, our human rights protections guaranteed by the U.S. Constitution have been grossly violated by a government instituted to protect them.
The Democrat-controlled Washington is simply an escalation of a process that has been in full stride for at least two decades. There is no evidence that Americans who are responsible for and support constitutional abrogation have any intention of mending their ways.
You say, "Williams, what do you mean by constitutional abrogation?" Let's look at just some of the magnitude of the violations.
Article I, Section 8 of our Constitution lists the activities for which Congress is authorized to tax and spend. Nowhere on that list is authority for Congress to tax and spend for: prescription drugs, Social Security, public education, farm subsidies, bank and business bailouts, food stamps and other activities that represent roughly two-thirds of the federal budget.
Neither is there authority for congressional mandates to the states and people about how they may use their land, the speed at which they can drive, whether a library has wheelchair ramps and the gallons of water used per toilet flush.
The list of congressional violations of both the letter and spirit of the Constitution is virtually without end. Our derelict Supreme Court has given Congress sanction to do anything upon which they can muster a majority vote.
James Madison, the acknowledged father of the Constitution, explained in Federalist Paper No. 45: "The powers delegated by the proposed Constitution to the federal government are few and defined. Those which are to remain in the State governments are numerous and indefinite. The former will be exercised principally on external objects, as war, peace, negotiation, and foreign commerce.
"The powers reserved to the several States will extend to all the objects which in the ordinary course of affairs, concern the lives and liberties, and properties of the people, and the internal order, improvement and prosperity of the State."
Americans who wish to live free have several options. We can submit to those who have constitutional contempt and want to run our lives. We can resist, fight and risk bloodshed and death in an attempt to force America's tyrants to respect our liberties and human rights. We can seek a peaceful resolution of our irreconcilable differences by separating.
Some independence movements, such as our 1776 war with England and our 1861 War Between the States, have been violent, but they need not be. In 1905, Norway seceded from Sweden; Panama seceded from Columbia (1903), and West Virginia from Virginia (1863). Nonetheless, violent secession can lead to great friendships. England is probably our greatest ally.
The bottom-line question for all of us is: Should we part company or continue trying to forcibly impose our wills on one another? My preference is a restoration of the constitutional values of limited government that made us a great nation.
________________________ ________________________ __
I have advocated this for a long time. Dr. Williams is a very smart man.
-
Im not freaking moving.So,if Indiana goes lib,Im staying right the fuck here.I already moved from lIberal CT. to get away from the freaks.
-
The Red States would be broke as a joke.
-
The Red States would be broke as a joke.
Right, cause CA, NY, MI, IL are all in great shape? ::) ::) ::)
CA alone has $500 BILLION in unfunded debt obligations it has no way to pay for.
-
Right, cause CA, NY, MI, IL are all in great shape? ::) ::) ::)
CA alone has $500 BILLION in unfunded debt obligations it has no way to pay for.
Name one Red State that has a viable, intact and flourishing economy?
-
Does U.S. Need To Split Along Political Lines?
By WALTER WILLIAMS
Posted 04/05/2010 06:55 PM ET
www.investors.com
________________________ ___________________
I have advocated this for a long time. Dr. Williams is a very smart man.
you already live in a world you've made up in your own head so why don't you just imagine this has already happened
-
you already live in a world you've made up in your own head so why don't you just imagine this has already happened
Because next week, the favorite week for liberals like yourself, I am reminded that my make believe libertarian world does not exist and is instead in actuality a tax greedy mess that will never have enough money to satisfy the desires and whims of greedy non-taxpayers who want free shit.
-
Name one Red State that has a viable, intact and flourishing economy?
Texas.
-
Texas.
ROFLMAOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO
-
Using that farce as support for an argument than you yourself cant make = FAIL.
-
Name one Red State that has a viable, intact and flourishing economy?
TEXAS!Name on lib state thats doing well.
-
Texas.
Why is Texas ranked 48th in Literacy?
-
California is just great!
________________________ ________________________ ____________________
State's pension liability tops $500 billion, Stanford study finds
April 6, 2010 | Lance Williams
In post-recession, post-stimulus-program America, we’ve gotten used to some frighteningly big numbers being thrown around in the discussion of public finance.
Nevertheless, it was difficult not to be alarmed at the bottom line in a study of California's pension obligations conducted by Stanford graduate students and touted Monday by Gov. Arnold Schwarzenegger.
The study concluded that the state’s unfunded pension liability has topped half a trillion dollars – six times the present state budget.
Put another way, future California taxpayers are going to be on the hook for more than $500 billion simply to make up the difference between the pensions we’ve promised to today's state workers and the money we’ve invested to pay for them.
That’s tax money that will have to be shelled out before a nickel is spent on the public services of the future.
The study was the work of the Stanford Institute for Economic Research. It was supervised by former Assembly Democrat Joe Nation, who represented Marin and Sonoma counties from 2000 to 2006 and who has run unsuccessfully for Congress and, most recently, the state Senate.
Today, Nation is a public policy instructor at Stanford.
The research project sought to put a realistic dollar figure on the state’s pension liability, which ballooned during the market turndown that drove the recession.
The study contends that the California Public Employees' Retirement System, California State Teachers' Retirement System and the University of California retirement system are understating the burden facing future taxpayers. That’s because the rules by which they calculate pension liabilities are unreasonably optimistic, the study says.
When using a more realistic set of assumptions about the size of the state’s obligations and the return the pension funds are likely to get on their investments, the study comes up with a grim fiscal scenario.
As of July, 2008 – before the worst part of the stock market slump – the state’s pension funds were reporting an unfunded liability of $55.4 billion.
Actually, the study contends, the funds already were running in the red by about $425 billion.
Tack on the $109.7 billion that the California funds reportedly lost when the market carnage was at its worst, and “we estimate the current shortfall at more than half a trillion dollars,” the students write.
To recover their fiscal health, the state pension funds need to be more consistent and prudent in making per-employee contributions, the study claims. That means putting in even more money.
The funds also must seek out less volatile investments, the study urges. Finally, it recommends cutting benefits for future state workers – and converting from a fixed-benefit plan to a hybrid-style pension system that is partly a 401(k)-style investment account.
CalPERS didn’t respond to a request for comment.
The governor has been trying for months to get the Legislature to bear down on what he calls “our staggering pension debt.” It’s an extraordinarily difficult political problem, made worse by the budget crisis and by the disagreement over just how bad the pension problem really is. Still, it’s an issue he says he wants to address before leaving office.
-
Why is Texas ranked 48th in Literacy?
Why does it have a good economy and have zero problem attracting companies to go there.Lets see would I want a state where the litteracy rate is high,but has no jobs,huge taxes and idiotic regulation?Or a state where I can get a good paying job and the government leaves me alone?HMMMMMM,I will have to think about that.
-
Jez, why did you link some rant of Olbermann about why Texas shouldn't secede? This has nothing to do with the question you asked.
-
Why is Texas ranked 48th in Literacy?
We aren't discussing literacy.
-
Jez, why did you link some rant of Olbermann about why Texas shouldn't secede? This has nothing to do with the question you asked.
Because its amusing. I am all for you guys moving to Texas and seceding. Don`t let the door hit you on the way out!
-
Michigan is just great TA! ::) ::) ::)
________________________ _____________________
State has $50 billion in unfunded pension, healthcare obligations
By Ed Brayton 2/18/10 9:37 AM The Pew Center on the States released a report that should be terrifying to taxpayers and particularly to public employees. The state of Michigan has $50 billion in unfunded pension and healthcare obligations for retirees, the bulk of it being a shortfall in money available to pay for future healthcare. The Detroit Free Press reports:
Michigan taxpayers are on the hook for more than $50 billion in unfunded pension and retiree health care for future public sector retirees, according to a new report on state retirement systems from the Pew Center on the States…
Michigan’s pension systems, which include state employees and school teachers, have $70.4 billion in anticipated payouts to current and future retirees.
About $11.5 billion of that is unfunded, according to Pew. Michigan’s pension funds actually compare favorably to most other states, funded at an 84% level, above the national average and the 80% level recommended by experts, Pew said.
The picture for retiree health care is bleaker. Pew pegs Michigan’s liability for health care and other non-pension benefits (such as life insurance) at $40.7 billion, with only a small fraction (1.9%) currently funded. Only California, New York, New Jersey and Illinois have larger gaps.
The Michigan constitution forbids those benefits from being lowered after the fact, which means that when the bill comes due the only option is to raise taxes on current workers to pay for the benefits of retired workers. The only other option is a significant reduction in benefits now, which is what is currently happening.
Part of Gov. Granholm’s proposed budget for next year is a call for an end to vision and dental insurance for retired state employees.
-
Because its amusing. I am all for you guys moving to Texas and seceding. Don`t let the door hit you on the way out!
You live in fucking Canada.Worry about that pile of shit idiot.
-
Because its amusing. I am all for you guys moving to Texas and seceding. Don`t let the door hit you on the way out!
You quoted my answer with a LMAO and put up that link. Texas has a strong economy...fine we can move on.
-
Michigan is just great TA! ::) ::) ::)
________________________ _____________________
State has $50 billion in unfunded pension, healthcare obligations
By Ed Brayton 2/18/10 9:37 AM The Pew Center on the States released a report that should be terrifying to taxpayers and particularly to public employees. The state of Michigan has $50 billion in unfunded pension and healthcare obligations for retirees, the bulk of it being a shortfall in money available to pay for future healthcare. The Detroit Free Press reports:
Michigan taxpayers are on the hook for more than $50 billion in unfunded pension and retiree health care for future public sector retirees, according to a new report on state retirement systems from the Pew Center on the States…
Michigan’s pension systems, which include state employees and school teachers, have $70.4 billion in anticipated payouts to current and future retirees.
About $11.5 billion of that is unfunded, according to Pew. Michigan’s pension funds actually compare favorably to most other states, funded at an 84% level, above the national average and the 80% level recommended by experts, Pew said.
The picture for retiree health care is bleaker. Pew pegs Michigan’s liability for health care and other non-pension benefits (such as life insurance) at $40.7 billion, with only a small fraction (1.9%) currently funded. Only California, New York, New Jersey and Illinois have larger gaps.
The Michigan constitution forbids those benefits from being lowered after the fact, which means that when the bill comes due the only option is to raise taxes on current workers to pay for the benefits of retired workers. The only other option is a significant reduction in benefits now, which is what is currently happening.
Part of Gov. Granholm’s proposed budget for next year is a call for an end to vision and dental insurance for retired state employees.
Sarah Palin`s Alaska still reigns as the KING of Debt.
Is that state included in the Teabaggers wet Dream of Secession also, or are you going to convince them to abandoned the ice for Mexicas I mean Texas.
-
You live in fucking Canada.Worry about that pile of shit idiot.
I live in NC, the newest BLUE STATE on the block.
-
You quoted my answer with a LMAO and put up that link. Texas has a strong economy...fine we can move on.
Why are you not in Texas right now? Just where exactly do you live and why?
-
I live in NC, the newest BLUE STATE on the block.
Its all the moron libs from ny and nj fleeing high taxes and are soon going to ruin your state the same way they did mine. Just wait till you see what happenes to NC after the liberal scum from NY get through with NC.
-
Why are you not in Texas right now? Just where exactly do you live and why?
I live in Florida...love the weather here. I'm not in love with Texas...I was simply answering your question.
-
Sarah Palin`s Alaska still reigns as the KING of Debt.
Is that state included in the Teabaggers wet Dream of Secession also, or are you going to convince them to abandoned the ice for Mexicas I mean Texas.
Another liberal lie put out by the Onion a real source of legit news.Maybe the libs should all just move to Michigan and hang out in Detroit to see how democratic rule works.
-
Another liberal lie put out by the Onion a real source of legit news.Maybe the libs should all just move to Michigan and hang out in Detroit to see how democratic rule works.
ORLY?
http://www.alaskadispatch.com/alaska-beat/273-april-1/4704-alaskas-debt-load-highest-in-us
Alaska's debt load highest in US
Alaska Beat
According to a deep financial article by The New York Times, an economist from the American Enterprise Institute has ranked the states according to their debt-to-GDP ratios, and Alaska had the highest one -- with state debt at 70 percent of GDP.
-
(http://graphics8.nytimes.com/images/2010/03/30/business/economy/30statesGraphicA/30statesGraphicA-popup.jpg)
-
http://rawstory.com/rs/2010/0331/postpalin-alaska-largest-debt-burden/
Post-Palin Alaska has largest debt burden in US
By Raw Story
Wednesday, March 31st, 2010 -- 3:12 pm
Sarah Palin has long sold herself as a fiscal conservative, arguing against the Democrats' health overhaul on the grounds that the nation simply can't afford it.
But when the former vice presidential candidate resigned as governor of Alaska in the summer of 2009, she left the state with a 70 percent debt-to-GDP ratio -- the highest state debt burden in the United States.
That's according to data compiled by the Washington Independent's Megan Carpentier, who notes that Alaska has a debt burden similar to "that of Jordan and Palin’s favorite health care resource, Canada, and a higher ratio than Ghana, Cote d’Ivoire, India, the Philippines or Uruguay."
By comparison, crisis-stricken California has a debt ratio of less than 40 percent. ??? All the more confounding about Alaska's debt is the fact that it is an oil-producing region with a small population to share in that wealth. Oil-rich Alberta, Canada, for example, collects no sales tax and still managed to retire its debt entirely in 2004.
While Alaska's massive debt burden can't be blamed entirely on Palin's two-and-a-half-year stint as governor, she did face similar debt problems while mayor of Wasilla, and those appear to be of her own making.
Story continues below...
Wasilla's municipal debt went from around $1 million when she came in to office, to around $22 million when she left, mostly as a result of the construction of a sports arena and public works projects championed by Palin.
While Alaska's debt load is high by the standards of US states, it's worth noting some nations have considerably higher debt loads. Japan, for example, is carrying a debt load of more than 190 percent of GDP; Greece, recently hit by a debt crisis, has a 108 percent debt-to-GDP ratio.
The debt load for the US federal government clocked in at around 53 percent in 2009; the debt is expected to increase to 68.5 percent by 2014.
-
The debt in Wasilla was from a huge sports complex that the voters all voted for fool.
-
Many red states actually receive more in government subsidies than they pay out in taxes
and guess who pays for it.?
Please feel free to secede any time
-
The debt in Wasilla was from a huge sports complex that the voters all voted for fool.
Uh thats not all.
Palin Left Behind Almost $19 Million In Long-Term Debt, Compared to
None Before She Was Mayor. In fiscal 2003—the last fiscal year Palin
approved the budget—the bonded long-term debt was $18,635,000. In
fiscal 1996—the year before Palin took control of the budget—there was
no general obligation debt.
[Wasilla Comprehensive Annual Financial
Report 2003, Table 10]
-
Uh thats not all.
Palin Left Behind Almost $19 Million In Long-Term Debt, Compared to
None Before She Was Mayor. In fiscal 2003—the last fiscal year Palin
approved the budget—the bonded long-term debt was $18,635,000. In
fiscal 1996—the year before Palin took control of the budget—there was
no general obligation debt.
[Wasilla Comprehensive Annual Financial
Report 2003, Table 10]
And how do you think public works projects are financed you fool? They issue bonds.
-
Total Government Expenditures Increased 63 Percent Under Palin. In
fiscal 2003—the last fiscal year Palin approved the budget—the total
government expenditures of Wasilla, excluding capital outlays, were
$7,046,325. In fiscal 1996—the year before Palin took control of the
budget—the expenditures were $4,317,947. The increase was 63 percent.
-
ROFLMAO 333366,
Palin sucks. She is the total opposite of what you believe in, yet you defend her like she is your mother.
It is incomprehensible, but I guess the right-wing propaganda is ingrained so deep that up means down, debt means surplus and fiction equals fact. With blind loyalty, who cares anyway right?
-
ROFLMAO 333366,
Palin sucks. She is the total opposite of what you believe in, yet you defend her like she is your mother.
It is incomprehensible, but I guess the right-wing propaganda is ingrained so deep that up means down, debt means surplus and fiction equals fact. With blind loyalty, who cares anyway right?
She sucks,but Obama swallows and you support him as he PURPOSELY destroys the private sector.
-
She sucks,but Obama swallows and you support him as he PURPOSELY destroys the private sector.
if you honestly believe Obama is destroying the private sector and he is doing so purposely then you need to go check yourself into a mental hospital
no joke - if you believe this then you're crazy
333 same goes for you
-
if you honestly believe Obama is destroying the private sector and he is doing so purposely then you need to go check yourself into a mental hospital
no joke - if you believe this then you're crazy
333 same goes for you
I believe that he is so indoctrinated into leftist bs that he does not even realize he is doing it.
-
if you honestly believe Obama is destroying the private sector and he is doing so purposely then you need to go check yourself into a mental hospital
no joke - if you believe this then you're crazy
333 same goes for you
Lets see,take over of the auto industry,take over of banks and dictating CEO pay,take over of health care system that will punnish companies with heavy burdens as many have already said and will be dragged up to Washington to be intimidated .Purposely trying to pass cap and trade which will help destroy companies.Purposely trying to pass card check which will destroy companies.Taxes are ready to go up.What more evidence do you need?
-
Lets see,take over of the auto industry,take over of banks and dictating CEO pay,take over of health care system that will punnish companies with heavy burdens as many have already said and will be dragged up to Washington to be intimidated .Purposely trying to pass cap and trade which will help destroy companies.Purposely trying to pass card check which will destroy companies.Taxes are ready to go up.What more evidence do you need?
I forgot,also took over student loan program which takes 80 billion from banks.
-
Lets see,take over of the auto industry,take over of banks and dictating CEO pay,take over of health care system that will punnish companies with heavy burdens as many have already said and will be dragged up to Washington to be intimidated .Purposely trying to pass cap and trade which will help destroy companies.Purposely trying to pass card check which will destroy companies.Taxes are ready to go up.What more evidence do you need?
takeover = CEO's of various industries coming to Washington to beg for a bailout
Health Insurance companies still a legal monopoly thanks to the government
go back to watching your wrasslin videos and stop making such stupid and uniformed statements
-
I forgot,also took over student loan program which takes 80 billion from banks.
tell us what you know about the student loan program
I'd love to hear it
-
tell us what you know about the student loan program
I'd love to hear it
Straw, that is pure bs. The school loan takeover is a disaster for the taxpayer. On all levels. They are also robbing students blind on this to fund maoCare.
-
Straw, that is pure bs. The school loan takeover is a disaster for the taxpayer. On all levels. They are also robbing students blind on this to fund maoCare.
how about some actual facts instead of Repub talking points
educate us all
-
how about some actual facts instead of Repub talking points
educate us all
The taxpayer is on the hook for defaulted loans.
-
The taxpayer is on the hook for defaulted loans.
is that all you "know"
do you want to add anything or is that the extent of your knowledge on the subject
-
is that all you "know"
do you want to add anything or is that the extent of your knowledge on the subject
Straw- No. 1 , its awful economics on the specifics. I read about this bill and its completely devoid of common sense.
No. 2. WHY SHOULD YOU OR i BE ON THE HOOK FOR DEFAULTED STUDENT LOAN?
-
Straw- No. 1 , its awful economics on the specifics. I read about this bill and its completely devoid of common sense.
No. 2. WHY SHOULD YOU OR i BE ON THE HOOK FOR DEFAULTED STUDENT LOAN?
is this what you'd like to go with as your "knowledge" of the recent legistlation?
-
is this what you'd like to go with as your "knowledge" of the recent legistlation?
No, i know the bill better than you do and its insane concerning the income nonsense and the fact that if the loan is not paid off by a certain time it goes away. Its bizarre.
The govt has no business whatsoever obligating you or I to subsidize school loans.
-
No, i know the bill better than you do and its insane concerning the income nonsense and the fact that if the loan is not paid off by a certain time it goes away. Its bizarre.
The govt has no business whatsoever obligating you or I to subsidize school loans.
I'm giving you a chance to tell us what you know so what's stopping you.
Tell me how it used to work and what has changed
just give us the facts
-
I'm giving you a chance to tell us what you know so what's stopping you.
Tell me how it used to work and what has changed
just give us the facts
I already posted a few threads about it. Look it up.
-
Anyone remember Ronald Reagan administration’s failure to regulate the S&Ls which resulted in a bailout of investors by taxpayers of at least 200 billion?
Or President Bush giving the Airlines a Bailout after September 11th?
-
Anyone remember Ronald Reagan administration’s failure to regulate the S&Ls which resulted in a bailout of investors by taxpayers of at least 200 billion?
Or President Bush giving the Airlines a Bailout after September 11th?
Two wrongs dont make a right.
-
takeover = CEO's of various industries coming to Washington to beg for a bailout
Health Insurance companies still a legal monopoly thanks to the government
go back to watching your wrasslin videos and stop making such stupid and uniformed statements
Are they not dictating CEO pay?YES!!Did they take over the auto industry and give it to filthy unions?Yes!Take over the student loan program?Yes!!Force companies to pay idiotic amounts to insure employees?Yes!
Not one thing can you refute.Cap and trade a private industry killer.Card check a private sector killer.
Go back to watching MSNBC and keep believing their lies.You and the other 500,000 idiots in this country.
-
I already posted a few threads about it. Look it up.
what is it with you man?
I asked you a simple question and you first give me talking points and then brag about how much you know and then you won't even bother to cut and paste your own words into this thread or even link the thread you want me to go look at
what are the odds you are as misinformed about this topic as you are on almost every other topic?
you said :
The govt has no business whatsoever obligating you or I to subsidize school loans.
but isn't that exactly how it worked under the old program?
The old system consisted of guaranteed loans — the government would pay private banks to lend money to students for tuition, and guarantee their losses if the students defaulted.
Is this the program you want to keep in place?
Think aboutthis next question for more than a 2 seconds before you reply.
Is there anything under this new legislation that prevents banks from making student loans?
-
Are they not dictating CEO pay?YES!!Did they take over the auto industry and give it to filthy unions?Yes!Take over the student loan program?Yes!!Force companies to pay idiotic amounts to insure employees?Yes!
Not one thing can you refute.Cap and trade a private industry killer.Card check a private sector killer.
Go back to watching MSNBC and keep believing their lies.You and the other 500,000 idiots in this country.
All the CEO's had to do was not take the private money they came to Washington and begged for
right?
-
what is it with you man?
I asked you a simple question and you first give me talking points and then brag about how much you know and then you won't even bother to cut and paste your own words into this thread or even link the thread you want me to go look at
what are the odds you are as misinformed about this topic as you are on almost every other topic?
you said :
but isn't that exactly how it worked under the old program?
The old system consisted of guaranteed loans — the government would pay private banks to lend money to students for tuition, and guarantee their losses if the students defaulted.
Is this the program you want to keep in place?
Think aboutthis next question for more than a 2 seconds before you reply.
Is there anything under this new legislation that prevents banks from making student loans?
I am busy as hell today and dont have time for lengthy repsonses. I dont think the govt should have anything whatsoever to do with school loans.
Why should Straw Man subsidize a defaulted student loan?
-
I am busy as hell today and dont have time for lengthy repsonses. I dont think the govt should have anything whatsoever to do with school loans.
Why should Straw Man subsidize a defaulted student loan?
yet somehow after saying this you had the time to post an article about Maddow not watching TV
FACT or FICTION?
The old system consisted of guaranteed loans — the government would pay private banks to lend money to students for tuition, and guarantee their losses if the students defaulted.
FACT or FICTION?
Is there anything preventing private banks from continuing to make student loans if they chose to do so?
-
No, however, the govt is now going to have to hire 35,000 or more GOVT EMPLOYEES to administer this nonsense that you and I have to pay for.
I still see no reason whatsoever why the govt is involved in this.
-
All the CEO's had to do was not take the private money they came to Washington and begged for
right?
The banks paid the money back or are in the process of doing so.Has GM or Fanny and Freddy?The government has made 50 billion on the bailout,how much have we made with GM or the stimulus.Anyone cutting the pay for fanny and freddy ceo?
-
No, however, the govt is now going to have to hire 35,000 or more GOVT EMPLOYEES to administer this nonsense that you and I have to pay for.
I still see no reason whatsoever why the govt is involved in this.
"no" to what question?
the old system was literally risk free/free money deal for banks
you're saying you're in favor of that system?
-
The banks paid the money back or are in the process of doing so.Has GM or Fanny and Freddy?The government has made 50 billion on the bailout,how much have we made with GM or the stimulus.Anyone cutting the pay for fanny and freddy ceo?
wait - a few posts up you were calling it a Takeover and you were crying for those poor CEO's and now you're back to calling it a bailout and you're mad at the CEO's
make up your mind
-
No, I am not in favor of the govt, taxpayer, you or me having to be on the hook for adminstering or guarantying this mess.
-
No, I am not in favor of the govt, taxpayer, you or me having to be on the hook for adminstering or guarantying this mess.
well that's how the old system worked to except banks also got a risk free profit
-
Fine, but I would change it to where the banks got the risk as well.
The taxpayer should not be profiting or losing on school loans. They should have nothing to do with school loans in the first place.
-
Is there anything preventing private banks from continuing to make student loans if they chose to do so?
Not legally, but effectively it's likely to stop it as private banks won't be able to match the interest rates offered. The Feds ran into this problem in 07 already with interest rate requirements, so we have a fairly good idea and what the result will be.
As for 33's claim about more government jobs, that's not correct. The new program is designed to contract out the administration of this program to non-profit organizations (I think the bill calls them "servicers").
I suppose I could go either way on this. Lot's of good paying private sector jobs may be lost and nobody knows what type of offset the non-profits will provide. But, we can't cry about the "stupidity" rampant in America and then say "fuck you" when it comes to education. We're not giving it away free, they still have to payback the money, so...maybe it's not such a bad idea.
-
Yo guys chill
arent your election participation rates about 60%
if so that means 40% of the country really doesnt give a damn about politics, which means even if those at the edges of the 60% wanted to split theyd be in a massive minority...as for texas being a red state, theres some pretty blue areas there, huston and austin to name two. you couldnt split the country in to red centre and blue coasts anymore it would be impossible.
-
Not legally, but effectively it's likely to stop it as private banks won't be able to match the interest rates offered. The Feds ran into this problem in 07 already with interest rate requirements, so we have a fairly good idea and what the result will be.
As for 33's claim about more government jobs, that's not correct. The new program is designed to contract out the administration of this program to non-profit organizations (I think the bill calls them "servicers").
I suppose I could go either way on this. Lot's of good paying private sector jobs may be lost and nobody knows what type of offset the non-profits will provide. But, we can't cry about the "stupidity" rampant in America and then say "fuck you" when it comes to education. We're not giving it away free, they still have to payback the money, so...maybe it's not such a bad idea.
perhaps so but banks weren't making student loans until we gave them a "no lose" proposition in the form of financial incentives and loan guarantees.
We already started direct lending for student loans in the early 1990's so this is nothing new
-
perhaps so but banks weren't making student loans until we gave them a "no lose" proposition in the form of financial incentives and loan guarantees.
We already started direct lending for student loans in the early 1990's so this is nothing new
No, it's not new but I think we have to consider it on the whole. Certainly the customer service aspect for students is out the window. Contractors, even nonprofits, only have to abide by the letter of the contract (not the spirit), and they typically do. Students will have to make certain they dot all their "i's" and cross all their "t's". The new servicers may or may not offset jobloss in the current system. There's a great deal of controversy over government estimated default rates. Tying rates to income is probably a good thing (IMO), though others may disagree.
Can't say I hate the new program, can't say I like it. Suppose it's just one of those "wait and see" things.
-
if you honestly believe Obama is destroying the private sector and he is doing so purposely then you need to go check yourself into a mental hospital
no joke - if you believe this then you're crazy
333 same goes for you
I will gladly check myself in. Every president since Woodrow Wilson has taken more and more from the private sector during their tenure. The only president who has attempted to let shit be is Coolidge. If you believe politicians are looking out for your own best interest you are either ignorant or crazy.
-
I will gladly check myself in. Every president since Woodrow Wilson has taken more and more from the private sector during their tenure. The only president who has attempted to let shit be is Coolidge. If you believe politicians are looking out for your own best interest you are either ignorant or crazy.
I certainly don't believe Obama is purposely destroying the private sector
that's just beyond nutty
-
I certainly don't believe Obama is purposely destroying the private sector
that's just beyond nutty
Not all at once, but he is doing his damn best. It is in his own best interest to do so. The more the govt. takes from the private sector, the more they benefit.
-
Not all at once, but he is doing his damn best. It is in his own best interest to do so. The more the govt. takes from the private sector, the more they benefit.
would you care to flesh this out a bit more
exactly who is the "they" you are referring to and how to "they" benefit?
-
would you care to flesh this out a bit more
exactly who is the "they" you are referring to and how to "they" benefit?
Congress, lobbyists, connected donors, bailed out CEOs...basically all receipients of our unaccounted tax money.
-
Congress, lobbyists, connected donors, bailed out CEOs...basically all receipients of our unaccounted tax money.
so all of these groups want to to destroy the private sector and they all benefit from said destruction?
are you serious man?
-
so all of these groups want to to destroy the private sector and they all benefit from said destruction?
are you serious man?
Tell me why they wouldn't...they have been doing it piece by piece for over 100 years now.
I will gladly keep responding but I need to run to the grocery for an hour.
-
Tell me why they wouldn't...they have been doing it piece by piece for over 100 years now.
I will gladly keep responding but I need to run to the grocery for an hour.
well for one thing if there is no private sector there is no tax revenue from the private sector
there are about a thousans other reasons besides that but come on man do you really honestly believe that Congress, lobbyists, connected donors, bailed out CEOs all want to destroy the private sector
really?
-
Why is Texas ranked 48th in Literacy?
Youre going to have to source that, because that doesnt sound right at all. Are you sure you arent getting Texas confused with Blue State- Democrat- Ruled- for -50 years Michigan? That state is decimated with unemployment. Texas was the last state to enter this recession and it will be the first state out, if it isnt already out. Texas created atleast half of the country's jobs last year. Tons of companies from rustbelt blue states are moving to Texas because Texas has a better business enviornment. This is why Rick Perry beat Hutchinson in the Republican Primary. Texans dont trust anything that has to do with Washington right now, and for good reason. We are doing everything right here in Texas. Washington is doing it all wrong.
And its not just Texas. Florida and Nevada are right behind Texas in job creation. In fact, if you look at a list of the red states and blue states, it is the red states that perform well and the blue states that dont. You will see a couple of outliers here and there, but red states in general perform better. Its laughable that you would even ask me to name "one red state that performs well"
-
I thought Florida was 48th in literacy.
Maybe I just read the report wrong ;D
-
Youre going to have to source that, because that doesnt sound right at all. Are you sure you arent getting Texas confused with Blue State- Democrat- Ruled- for -50 years Michigan? That state is decimated with unemployment. Texas was the last state to enter this recession and it will be the first state out, if it isnt already out. Texas created atleast half of the country's jobs last year. Tons of companies from rustbelt blue states are moving to Texas because Texas has a better business enviornment. This is why Rick Perry beat Hutchinson in the Republican Primary. Texans dont trust anything that has to do with Washington right now, and for good reason. We are doing everything right here in Texas. Washington is doing it all wrong.
And its not just Texas. Florida and Nevada are right behind Texas in job creation. In fact, if you look at a list of the red states and blue states, it is the red states that perform well and the blue states that dont. You will see a couple of outliers here and there, but red states in general perform better. Its laughable that you would even ask me to name "one red state that performs well"
http://www.bizjournals.com/dallas/stories/2009/12/28/daily9.html
Monday, December 28, 2009
Survey says: Dallas ranks 48th in literacy
DALLAS BUSINESS JOURNAL
A study published by Central Connecticut State University says Dallas ranks 48th in the nation when it comes to literacy among the general population.
In the same study, Fort Worth ranked 52nd, Arlington ranked 70th and Plano ranked 53rd. Other parts of Texas fared even worse. The city of Houston, for instance, ranked 60th, and Corpus Christi and El Paso ranked 74th and 75th, respectively.
The study, conducted by Central Connecticut State University, focused on what the university deemed six indicators of literacy: newspaper circulation, number of bookstores, library resources, periodical publishing resources, educational attainment and Internet resources.
The study named the following as the most literate cities: Seattle, Washington, D.C., Minneapolis, Pittsburgh, Atlanta, Portland, St. Paul, Boston, Cincinnati and Denver.
-
http://www.bizjournals.com/dallas/stories/2009/12/28/daily9.html
Monday, December 28, 2009
Survey says: Dallas ranks 48th in literacy
DALLAS BUSINESS JOURNAL
A study published by Central Connecticut State University says Dallas ranks 48th in the nation when it comes to literacy among the general population.
In the same study, Fort Worth ranked 52nd, Arlington ranked 70th and Plano ranked 53rd. Other parts of Texas fared even worse. The city of Houston, for instance, ranked 60th, and Corpus Christi and El Paso ranked 74th and 75th, respectively.
The study, conducted by Central Connecticut State University, focused on what the university deemed six indicators of literacy: newspaper circulation, number of bookstores, library resources, periodical publishing resources, educational attainment and Internet resources.
The study named the following as the most literate cities: Seattle, Washington, D.C., Minneapolis, Pittsburgh, Atlanta, Portland, St. Paul, Boston, Cincinnati and Denver.
I love how they "DEEM" indicators of literacy such as the number of bookstores. In any event, Venuzuela has a 100% literacy rate, but then again all they read is communist manifestos.
-
well for one thing if there is no private sector there is no tax revenue from the private sector
there are about a thousans other reasons besides that but come on man do you really honestly believe that Congress, lobbyists, connected donors, bailed out CEOs all want to destroy the private sector
really?
Yes, I do know this. The two party and govt. system we operate under is counterproductive. The minions of this country continue to debate corrupt candidates with their friends, relatives, and foes. When somebody's "favorite" politician wins they jump up for joy and brag like they themselves made it happen. I have no idea why people do this but I guess they desperately want to be a part of something. Of course we all lose every four years, but most aren't concerned with results...just a need to win that important argument we have around the dinner table or message board.
Every president in the last century has shown up in DC, done little constructive work, wasted money, given favors to friends and made enemies around the world with foolish global policy not in the best interests of the country. Each election is coined "the most important of our lifetime"...here's betting Olbermann/Maddow/Hannity/O'Reilly/Limbaugh tell everyone this come 2012 and the funny thing is...their viewers will eat it up. You want an important election...very simple...stop voting for thieves.