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2012 Election
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Created: by Big Mike Attachments:27

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2012 Election

  #241 (permalink)
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Nor can the government maintain the ruling class with entitlement programs that dwarf the social security blanket, not even comparable. QEfinity, what kind of wealth distributing entitlement is that. The bank bailout. What planet are you on. It's not even comparable...


liquidcci View Post
Here in lies the problem. The government can't raise the struggling up. Even if you believe wealth should be redistributed it is beyond me how anyone could believe the government can do it. All our entitlement programs government kangaroo accounting aside are bankrupt. The type of thinking coming out of the Obama administration will only serve to pull others down and will not raise up the struggling.

Our current path is not sustainable. Either spending must be cut or all of the middle class taxed. Tax the rich won't put a dent in it. Higher taxes for middle class will make the middle class smaller. So we better start cutting spending and yes that means some will suffer initially but many better off in long run. .


 
  #242 (permalink)
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It always comes back to food stamps... It's a smoke screen and a joke

 
  #243 (permalink)
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syxforex View Post
Nor can the government maintain the ruling class with entitlement programs that dwarf the social security blanket, not even comparable. QEfinity, what kind of wealth distributing entitlement is that. The bank bailout. What planet are you on. It's not even comparable...

@syxforex believe me I am not a supporter of QEfinity.

"The day I became a winning trader was the day it became boring. Daily losses no longer bother me and daily wins no longer excited me. Took years of pain and busting a few accounts before finally got my mind right. I survived the darkness within and now just chillax and let my black box do the work."
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  #244 (permalink)
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syxforex View Post
Economics wasn't your major was it?

Living in the real world wasn't your major was it?

nosce te ipsum

You make your own opportunities in life.
 
  #245 (permalink)
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liquidcci View Post
In Greece sure it increased standard of living for a while. It was a false prosperity. But eventually with big government you pay the piper. It is a mentality that kills innovation, efficiency and slowly poisons peoples thinking. In Greece the poor are now poorer and what was the middle class is now poor. People dying on the streets because their government health care system is failing.

Show me one U.S. government program that is not rife with waste, inefficient, and overspends because when they need more money don't have to compete for it like private sector and just raise taxes. The government does very little dollar for dollar to help anyone. If someone barely surviving on welfare is helping someone lets all get on welfare. Would be better for that person to have a decent job which come when private sector succeeds not big government.

I agree but that's structural changes.. In the meantime, we need tax revenues and where should we get it from?

Greece is extreme and that's not where even Democrats aim to go.. While the times are hard, its the job of government to exercise damage control for its people.. Until a politician has the answers to implement the structural changes to offset, who should carry more of the tax burdens? Its only natural that the wealthy pays more.. Why further burden the struggling?

BTW-I am trading and am riding a short from 96 o CL and got 2 scales off.. aiming for 95 on last..

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  #246 (permalink)
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Silver Dragon View Post
Living in the real world wasn't your major was it?


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  #247 (permalink)
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Speaking of welfare and playing fields. Welfare exists because the playing field is not level. The majority of people on welfare don't want to be there, they would rather work 3 jobs if they can find them. Problem is, because the field is not level, they have to take those 3 jobs which still is not enough for their basic needs. The decks are stacked against them, and they get stuck in that hole, void of opportunity due to the uneven playing field. They can't even afford to get sick, because they can't get health care. It's easy to brush that aside sitting in front of our array of 6 trading monitors.

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  #248 (permalink)
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  #249 (permalink)
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sorry Mike, this is a hot thread, sorry to anybody if I've offended too much,., just political debate, not personal.


 
  #250 (permalink)
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monpere View Post
Speaking of welfare and playing fields. Welfare exists because the playing field is not level. The majority of people on welfare don't want to be there, they would rather work 3 jobs if they can find them. Problem is, because the field is not level, they have to take those 3 jobs which still is not enough for their basic needs. The decks are stacked against them, and they get stuck in that hole, void of opportunity due to the uneven playing field. They can't even afford to get sick, because they can't get health care. It's easy to brush that aside sitting behind our array of 9 trading monitors.

Many do not want to be on welfare. But I have worked extensively with the down and out via non profit service and it is not that simple. Many people also prefer to be on welfare. The system is highly abused because of the way the government runs it.. There those who truly need help and then there are others who are perfectly able to work and not disabled but somehow get a "disabilities" designation and get a check from the government every month and have no intent to work ever. Amazing how many times I have seen this.

I have watched people climb out of welfare and become very successful so I am not sure how the playing is unlevel in that regard. They may have a more difficult start but they refused to be a victim and clawed their way out. The rules were the same for a person who started in the middle class. In fact I am sure there are many middle class that are now poor and many poor that are now middle class and even rich. I lived in NYC at one time and my income was considered border line poverty but I did not whine but fought my way out. The guy trying to stay at top of middle class was playing by same rules I was playing by.

Big government will only make it more difficult for people to climb out. Big government is not a leveler for the poor. It will take middle class down and make it harder for poor to climb out.

"The day I became a winning trader was the day it became boring. Daily losses no longer bother me and daily wins no longer excited me. Took years of pain and busting a few accounts before finally got my mind right. I survived the darkness within and now just chillax and let my black box do the work."

Last edited by liquidcci; September 18th, 2012 at 03:23 PM.

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