Wall Street & Social Security

Wall Street refers to the financial district of New York City, named after and centered on the eight-block-long street running from Broadway to South Street on the East River in Lower Manhattan. Social security is primarily a social insurance program providing social protection or protection against socially recognized conditions, including poverty, old age, disability, unemployment and others. 5.0/5

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Wall Street hates Social Security. They are terrified of how effective & efficient it is. Disproves anti-govt ideology. -
Bring jobs back. Crack down on Wall Street. Everyone gets health insurance. No cuts to Medicare or Social Security.
Bacon supports privatizing Social Security; will you support giving Wall Street your military pension?
She wants to give your Social Security benefits to her criminal friends on Wall Street.
Brought to you by Blackstone: Hillary's plan to enrich private equity and hedgies. Next act: gutting Social Security https:/…
BREAKING: In speech, Clinton said commission that proposed Social Security cuts “put forth the right framework”
Tax cut for the rich turn Social Security and Medicare over to Wall Street abolish the food protection program abolish the IRS
Central States Pension Fund lost $12b in 2008 thanks to Wall Street, which wants to invest Social Security funds. .
In debate, Clinton says GOP plan is 'to turn over the Social Security Trust Fund to Wall Street.' Mostly False
Yes, yes!!! Social Security and pensions are being systematically raided and destroyed by government & Wall Street!
Social Security and Medicare are under attack from Wall Street, conservatives, and free market economists. The...
Christie pitches social security cuts that would help Wall Street take over retirement system htt…
Senator Elizabeth Warren has my attention and her agenda explains why: 1.Raising wages and incomes for working people: ◦Raising the Minimum Wage so that no one who works fulltime will live in poverty ◦Strengthening and enforcing labor law to make it easier for workers to organize and have bargaining power ◦Better overtime pay rules ◦Equal pay for equal work for women 2.Creating more jobs: ◦Making investments in roads, bridges, power grids, education, and research ◦Trade policies that will raise wages and create new manufacturing jobs rather than the opposite results we have seen because of trade deals like NAFTA 3.Protecting the economic health and dignity of retirement: ◦Protecting Social Security and Medicare, adding to Social Security benefits, and changing federal policy to better protect and encourage pensions 4.Making sure that Wall Street has less power to manipulate the economy and our political system, and that regular people have less debt: ◦More cops on the beat watching over th ...
Look at the priorities of the new Republican congressional – the Keystone XL Pipeline, the Trans-Pacific Trade agreement, tax cuts for big corporations and the wealthy, rollbacks of Dodd-Frank regulations on Wall Street, cutbacks on Medicare and Medicaid and Social Security, and decimating the Affordable Care Act – and connect the dots. Republicans want the public to think the central issue of our time is the size of government. Wrong. The central issue of our time is who government is for. Every one of their initiatives advances big corporations and Wall Street, and worsens or weakens everyone else. Elizabeth Warren is correct: The game is rigged. And the only way to unrig it is through a new progressive movement that includes not only the Democratic base but also any and all Independents and Republicans equally determined to take the economy and democracy back from the axis of Wall Street, K Street, and big corporations. Can we rely on the Democratic Party to lead the way, or will a new third party ...
"Wall Street is eating the pension funds. This goes hand in hand with Obama’s fight to scale back Social Security...
Subject: Fwd: History Lesson on Your Social Security Card For any Progressives, this is what one can expect with liberal Democrat thinking. And lets not forget that the âFat Catsâ on Wall Street provide as much or more money to Democrats than Republicans. Happy New Year Vote Conservative History Lesson on Your Social Security Card Just in case some of you young whippersnappers (& some older ones) didn't know this. It's easy to check out, if you don't believe it. Be sure and show it to your family and friends. They need a little history lesson on what's what and it doesn't matter whether you are Democrat or Republican. Facts are Facts. Social Security Cards up until the 1980s expressly stated the number and card were not to be used for identification purposes. Since nearly everyone in the United States now has a number, it became convenient to use it anyway and the message, NOT FOR IDENTIFICATION, was removed. An old Social Security card with the "NOT FOR IDENTIFICATION" message. Our Social Security Fran ...
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Another fact to bring up while I'm on a roll here. When the new Congress is sworn in after the new year the Republicans will Take Control of the Senate. Some of the new Republican Senators have indicated they are in support of privatizing Social Security. Do you really want Wall Street controlling your S. S. benefits? You know, the same greedy crooks who wiped out the life savings and pensions of millions of senior citizens who depended on those investments to support themselves in their "golden years." If the Republicans and conservatives win the White House in two years we will actually have a one party government. And with a conservative Supreme Court the Republicans will have complete contol of this great nation. Is that what you really want?
The people have been getting the shaft from President Obama since January 2009. He has done a splendid job for Wall Street, Banks, and Corporations (including the Insurance Companies) by forcing people to become customers under this joke of a law called The Affordable Care Act. Grab your ankles and reach for the Warming K-Y Lubricant because he's about to give all of us a good screwing. Keystone XL Pipeline, Trans Pacific Partnership, and the "chained CPI" that will reduce all future Social Security payments.are all coming soon from President Obama. To me, he is nothing but a corporate *** The ONLY differences to me between Obama and Bush are: 1.) Obama gives a far more rousing speech off of the teleprompter 2.) Obama's teeth are whiter ;) p.s. I'm as Liberal as it gets when it comes to politics. I voted for Obama in 2008 and in 2012. I voted for him simply because he was the lesser of two evils when compared with John Mccain and Mitt Romney. Unfortunately, our president is nothing more than a corporat .. ...
Last night’s debate highlighted everything we’re fighting for in this election. Quick donate $8 or more right now to help show voters the clear choice between Rod Blum and me. My opponent repeatedly outlined his radical plan to raise the retirement age, risk your retirement on Wall Street and turn Medicare into a voucher program. “There have been lots of ideas banded about and thrown out, and I think some of those are raising the retirement age.” - Rod Blum, KWWL Debate 10/18/14 Plain and simple, his plan is wrong for Iowa. Rod Blum is a dangerous choice for Iowa working families and I need your help to stop him. Chip in $8 or more right now to protect Social Security and Medicare. Thanks for all you do. - Pat
Why am I running for the U.S. Senate? It’s a simple question – and despite all the emails and speeches and ads and articles – it’s a simple answer: I’m running to stand up for our seniors who depend on Social Security and Medicare to make ends meet. I’m running to rebuild our economy so that it works for middle-class families, not big Wall Street banks and the special interests. I’m running to give college students and their families a fair shot at an affordable college education without crushing debt. I’m running because nobody should work full time and still live in poverty. I’m running to turn the tide on Climate Change and protect the natural treasures in Oregon we want to preserve for our kids and grandkids. I know that you share these values. Let’s fight together for our values. Help us build a campaign that will go all the way to Election Day. Join us with your $8 contribution today. September 30 marks the final quarterly fundraising deadline before Election Day. That’s a big ...
Ayn Rand Paul DO you Know What our "Libertarian party " Means? Libertarians want to abolish Social Security, screw over working-class Americans, and take all the money that would go towards Social Security and invest it in Wall Street, so that their wallets can get even bigger. There's over $2.5 trillion sitting in the Social Security Trust Fund right now. They don't want to have any responsibility for society. Screw society! If you want to know what libertarianism is all about, don't ask a libertarian, because most of them don't know. A new poll from Pew Research found that only 11 percent of those surveyed who besides Rand Paul identified themselves as libertarian were correctly able to identify the very basic meaning of libertarianism as "someone whose political views emphasize individual freedom by limiting the role of government." Even though that's often an oxymoron, that's what libertarians say, and their followers apparently don't know it. Weirdly, that same poll found that 41 percent of libertar ...
Come NOvember 4th ... VOTE BLUE, IT'S THE BEST FOR YOU. Vote out the party of NO!!! Just say NO to the Tea Party!!! Just say NO to Republican obstruction!!! • NO more tax breaks for corporations that threw America under the bus! • NO more tax cuts for the wealthy! • NO more Citizens United! • NO more jobs sent overseas and refusal to sign a Bill to give tax breaks to corporations that bring jobs back to America! • NO more subsidies for Big Oil and corporations that make billions and hoard it in their off shore tax shelters! • NO more balancing the budget on the backs of the poor, elderly, disabled and Middle Class! • NO more attacks on Medicare, Medicaid, Social Security and other social services and safety nets! • NO more attacks on unions! • NO more attacks on civil and equal rights! • NO more War on Women and attacks on women's rights! • NO more attacks on Planned Parenthood and attempts to abolish abortion by shutting down abortion clinics all over the country so women are no lon ...
Peter G. Peterson, Born June 5, 1926, is a controversial Wall Street billionaire who uses his wealth to underwrite a diversity of organizations and PR campaigns to generate public support for slashing Social Security, Medicare, and Medicaid, citing concerns over "unsustainable" federal budget deficits. In 2007, he made a fortune from the public offering of the private equity firm he co-founded, Blackstone Group, and pledged to spend $1 billion of this money to "fix America's key fiscal-sustainability problems." He endowed this money to the Peter G. Peterson Foundation, which he launched in 2008 (see below for more).[1] His son, Michael A. Peterson, is the President and Chief Operating Officer of the foundation. According to its website, the foundation's mission is to "increase public awareness of the nature and urgency of key fiscal challenges threatening America's future and to accelerate action on them." [2] Dean Baker, co-director of the Center for Economic and Policy Research, has been highly critical ...
Why do you think the Republican Parties answer to solving the problems in America is to make the rich richer and that's it? They don't seem to have any other constructive answers. They hate Obamacare but they refuse to come up with a constructive alternative to provide every American with affordable healthcare. They want to get rid of Social Security so that bankers on Wall Street will make a fortune off of the investments that would be made from all that money that has been put away for our retirement, and yet there is no guarantee that they will not lose that money, because Wall Street is no different than gambling at Casino. The Republican Party seems to have an addiction to Big Oil, big coal, and gas. All products that pollute our environment. We are not talking about Climate Change. We are just talking straight pollution. Now if you don't think that these things pollute then stick your mouth around the tail pipe of your car while its running and see if you can breathe. The Republican Party has a prob ...
Stanford's Boskin: Government Acts as if All Income Is Its Own Friday, 18 Jul 2014 By Dan Weil The government is taking away the rights of citizens to control their own income, says Stanford University economist Michael Boskin. "Property rights and the rule of law are essential foundations for a vibrant economy," he writes in The Wall Street Journal. "When they are threatened, or uncertain, the result is inefficiency, rent-seeking, a larger underground economy and capital flight." And that's exactly what's happening, says the former economic adviser to President George H.W. Bush. "Individual rights to capital, land and the fruits of one's labor are threatened — in many cases redistributed from creditors to debtors, from those out of political power to those in power, and especially from young to old. And a much larger battle is looming." What's that battle? The unfunded liabilities of Social Security, Medicare and state and local government pensions and other benefits are "in the trillions of dollars an ...
President Obama, One Corporate Puppet Among Many By Carl Gibson, Reader Supported News 14 April 13 his year, the New Deal turned 80. And those same New Deal programs championed by FDR, a Democrat, defined the bedrock of the American left political achievements for all others who would seek the presidency. Now, the corporate takeover of our government has proven that those New Deal programs can be slowly dismantled by a Democrat president, as the Obama Administration fully digs its heels in on an austerity agenda. He's not the one running the show, but rather, his strings are being pulled by Wall Street bankers and Hedge Fund managers like Pete Peterson, who is most of the wallet behind the corporate-funded "Fix the Debt" sham campaign. Even one of Fix the Debt's key spokesmen admitted that their goal was to create an "artificial crisis" that would justify gutting Social Security. Jack Lew, Obama's Treasury Secretary, is leading the administration's doublespeak on austerity. In Europe, he's told political ...
This is an original American idea to slow the market down in order to reduce too much speculating. "Nano-second faster technology" owned by the wealthiest investors and banks enables the wealthiest "one per centers" to jump ahead of everyone else in trades! GOP blocks this legislation fiercely and furiously. Why? The GOP plays Santa Claus giving away subsidies, tax favors and tax cuts to sharpen the blade of their Paul Ryan austerity arguments and the GOP dishonest "deficit" weapon of extortion to demand cuts in social programs. GOP ideology has their eyes set on their anti-American Dream to privatize Social Security for profits flowing to banks and Wall Street donors/owners of our politics. This tiny tax on each and every transaction would become a big amount by the massive number of transactions caused by too much dangerous bubble making speculations.The GOP always opposes absolutely anything that fulfills their Constitutional imperative which reads: "raise revenue." The GOP acts unconstitutional to ...
The decades-long tale of how the Kochs, Reagan, Wall Street and even Democrats have tried to gut Social Security
I've got some exciting news! On May 28, Senator Elizabeth Warren is coming to Portland. Whether it's cleaning up the mess on Wall Street, raising the Minimum Wage, fixing the filibuster, attacking Climate Change, or protecting Social Security and Medicare, she's been right there with us in the fight every step of the way. I know you want to see her in person. We've got limited space, so buy your ticket right now!
Perhaps start a petition for the Saint Marc's future fund with a much better return than Social Security or Wall Street
CONgressman Paul Ryan is calling for cuts to medicare, medicaid and food stamps and privatization of Social Security, while boosting defense spending some 600 billion dollars. Ryan and the Republican Party are catering to their benefactors, the military-industrail-complex and the financiers of war, Wall Street, at the expense of the American people. P3
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Mina and I attended the panel presentation on Social Security for lgbt folks sponsored by the National Committee to Preserve Social Security and Medicare and The LGBTQ Center in Long Beach. Officials from Social Security also participated. I was most impressed that Dr. Carol Estes, the premiere academic authority on social policy and aging issues did the introduction to the topic of sharing information on changes to social security policy as it affects same sex couples currently. Estes has published 24 books on social security and related topics. The reason for panels like this is fact that it appears not too many lgbt people have come forward to apply for benefits that they may be due. 9 per cent of *** are in poverty as compared to less than 4 per cent of their straight counterparts. We should get every cent we are due. The point was also made that the lgbt community must help keep social security going as it is being threatened by Wall Street and corporate interests who exploit the naïveté of th ...
Social Security's Trust Fund is $2.3 trillion. Bank of America is just one Wall Street bank. They all have
A tax on financial transactions and a tax on Wall Street bonuses, with revenues dedicated to Social Security, would pay back to Social Security and its contributors what has been taken from them.
Huge news: Democrat Shenna Bellows Raised More Money Than Republican Sen. Susan Collins Last Quarter! This is a real David vs. Goliath race. Control of the U.S. Senate is at stake in 2014, and now the political establishment is realizing that an insurgent progressive could defeat Maine's Republican senator! We're proud to endorse Shenna Bellows for Senate. Help "expand the map" and win this key race -- donate $3 to Shenna today! Shenna is former Executive Director of the Maine ACLU. We call Shenna Bellows the "Elizabeth Warren of Civil Liberties" because she's campaigning boldly on constitutional freedom and economic populism. Shenna believes in repealing the Patriot Act, expanding Social Security, and holding Wall Street accountable. She raised a whopping $331,454, and over 80% of contributions were $100 or less! Shenna is running a grassroots campaign, fueled by lots of people. "One of the biggest threats to our democracy is big money in politics, so it is refreshing to see that grassroots giving from r ...
I've was just thinking... If Social Security really is "going broke," why is it that Wall Street (and their ilk) is so desperate to get their hands on that multitrillion-dollar tranche of money?
Words about liberals the past years...why I speak out still and so should you. If we don't remember these things they could easily get started up all over again. Look at what happened in early December with the Third Way attack on Elizabeth Warren. Hunter at Daily Kos wrote about why this happened. He posted a chart showing the Board of Trustees of the Third Way. He labeled it. Why the Third Way hates Senator Elizabeth Warren The obsessive centrists of the punditverse were abuzz today with praise for supposed centrist Democratic organization Third Way and their grumbling op-ed condemnation of Democratic liberal populism in abstract and "economic populists" like Sen. Elizabeth Warren in particular. But why would the Third Way, a very reasonable and centrist organization that just wants both parties to get along and agree to cut Social Security, Medicare, and other social programs be so very worked up about Elizabeth Warren, Wall Street reform, and the mere thought of breaking up large banks? Worked up enou ...
According to Sen. Bernie Sanders: The Wall Street leaders whose recklessness and illegal behavior caused this terrible recession are now lecturing the American people on the need for courage to deal with the nation’s finances and deficit crisis. Before telling us why we should cut Social Security, Medicare and other vitally important programs, these CEOs might want to take a hard look at their responsibility for causing the deficit and this terrible recession. Our Wall Street friends might also want to show some courage of their own by suggesting that the wealthiest people in this country, like them, start paying their fair share of taxes. They might work to end the outrageous corporate loopholes, tax havens and outsourcing provisions that their lobbyists have littered throughout the tax code – contributing greatly to our deficit. Many of the CEOs who signed the deficit-reduction letter run corporations that evaded at least $34.5 billion in taxes by setting up more than 600 subsidiaries in the Cayman ...
Robert, Not that long ago, Republicans, the corporate media, and centrist Democrats were locked together in an unholy alliance that was pushing the Wall Street agenda on the entire country. It seemed like we only heard one thing from Washington: that we needed to reduce the deficit, and that hardworking Americans would have to pay the price. My how things have changed. Now the United States Senate is talking about the need for real banking reform and the need to expand Social Security. And it didn't happen by accident -- progressives made it happen. We elected Elizabeth Warren, Tammy Baldwin, and Chris Murphy to the United States Senate. And we reelected Bernie Sanders and Sherrod Brown. Now it's time to start building our next electoral victories. Today, we are uniting to support three terrific candidates up in 2014: Alison Lundergan Grimes, Al Franken, and Jeff Merkley. Our goal is to raise 1,000 grassroots contributions before their campaigns' reporting deadlines, and we're already 80% of the way the ...
Wall Street uses Third Way as a front group to Lead its Assault on Social Security
This blog is right on point and is well worth the time to read. If America is ever to return the great country it was this seems to be the route to take. Give a read and let me know what you think. December 23, 2013 Robert Borosage The Beltway crowd has discovered populism. Senator Elizabeth Warren’s surging popularity from her aggressive defense of Social Security and demand for Wall Street accountability has triggered talk of a populist challenge to Hillary Clinton in 2016. Bill De Blasio indicted New York’s gilded age inequality in his stunning victory in the New York Mayoral race. This month, President Obama returned to his campaign themes, delivering a speech calling inequality “the defining challenge of our time.” Republicans, preoccupied with their Tea Party zealots, mostly have avoided joining the debate, but the Wall Street wing of the Democratic Party raised the alarm. In an incoherent article appropriately placed in the Wall Street Journal, the New Democrats at the Third Way scorned War ...
Why Inequality Matters By Paul Krugman Rising inequality isn’t a new concern. Oliver Stone’s movie “Wall Street,” with its portrayal of a rising plutocracy insisting that greed is good, was released in 1987. But politicians, intimidated by cries of “class warfare,” have shied away from making a major issue out of the ever-growing gap between the rich and the rest. That may, however, be changing. We can argue about the significance of Bill De Blasio’s victory in the New York mayoral race or of Elizabeth Warren’s endorsement of Social Security expansion. And we have yet to see whether President Obama’s declaration that inequality is “the defining challenge of our age” will translate into policy changes. Still, the discussion has shifted enough to produce a backlash from pundits arguing that inequality isn’t that big a deal. They’re wrong. The best argument for putting inequality on the back burner is the depressed state of the economy. Isn’t it more important to restore economic ...
QUOTE OF THE DAY: ENDING OF SOCIAL SECURITY House Republican Majority Leader Eric Cantor (R-VA) provided some insight to their Social Security views in a recent NPR interview when he was talking about Social Security and said, "We are going to have to come to grips with the fact that these programs cannot exist if we want America to be what we want it to be." Majority Leader Eric Cantor said Paul Ryan’s Road map and the plan to privatize Social Security and dismantle Medicare is “something we need to embrace.” One example of this is Wall Street insider Pete Peterson who has dedicated $1 billion of his Wall Street fortune to the destruction of Social Security as we know it. Peterson is joined in his efforts by other wealthy special interests that have much to gain if Social Security is cut or eliminated. When will you seniors that vote for Republicans come to grips that they are out to harm you and reward Wall Street with your Social Security and dismantle Medicare for a Voucher System that will leav ...
'Third Way is just the same old Wall Street way. While it wears a Democratic mask, it pushes for policies that are Wall Street wet dreams, including gutting and privatizing Social Security.' Jim Hightower, JimHightower.com
MoveOn members are doubling down on our campaign for an increase in Social Security benefits with a new TV ad that comes in response to Wall Street front group The Third Way’s recent attack on Social Security expansion. In the new ad, Moveon.org Political A...
Wall Street is looking into charging Elizabeth Warren with a hate crime for saying Social Security should be expanded
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Dear Montgomery, Last night Senator Patty Murray and Representative Paul Ryan released their budget agreement to avert another government shutdown. To be honest, parts of the bill are really painful. The deal allows unemployment insurance to expire for 1.3 million people at the height of the holiday season and attacks the pensions of federal employees.1 It provides some sequester relief but does so on the backs of government workers. And one of the only good things about the entire deal is that something is conspicuously absent: any attempt to cut or curb Social Security benefits. That's right. In just a few short months, thanks to the leadership of MoveOn members and allies, we've completely changed the conversation on Social Security. Cuts are off the table, and now the idea of expanding benefits—a common-sense solution that was already popular with Americans across the country—is starting to take hold in Washington too. And in a year that started with our own Democratic president proposing cuts to ...
Everyone watch out for this "Third Way" group. Thom Hartmann read a list of their board of directors. Out of 16 or 17 names, 12 of them were Investment Bankers, and the other five didn't have their occupation listed. They are pretending to be a "middle path," between progressive and conservative ideology, but they are actually a bunch of wealthy bankers and brokers trying to undermine the progressive wave that is overtaking this country. Below is a quote from a recent article from Bold Progressives about the WSJ attack on Elizabeth Warren: "Third Way admits they attacked Warren because her populist agenda (like Social Security expansion) was becoming too "viable" and "getting out of hand." This past week, corporate-funded think tank Third Way attacked Elizabeth Warren in Rupert Murdoch's Wall Street Journal -- saying her bold economic populism is "dangerous for Democratic Party." Wrong! Polls show Warren's ideas are popular in red, purple, and blue states. That's why Wall Street fears her."
For those with 401Ks. Remember what happened to your accounts when the private bankers invested your money. It may have felt like your money just disappeared but it didn't. It went from your account, into theirs. And now these same inventor types are trying to get you to believe your Social Security would better off in their hands. They want you to believe privatizing SS is the way to go because the government can't be trusted. Right Wing lobbyist have bought and paid for the souls of the Republican politicians who along with the investment brokers, would love to raid and strip the SS trust fund for their own profit. Folks, the people's government can and will be held accountable if it mismanages our trust. That will not happen if the bankers and investors get hold of and mismanage our SS trust fund. And how do I know that??? Did you hear of any Wall Street bankers going to jail who orchestrated the financial collapse? Did any of you with the 401Ks get your money back?
Sen. Elizabeth Warren (D., Mass.) asked big Wall Street banks to disclose financial contributions to think tanks, a request that came several days after a centrist Democratic think tank blasted Ms. Warren's "economic populism" on issues including Social Security.
ObamaCare* is NOT broken, Social Security is NOT broke or broken. Medicare is NOT Broken, Medicaid is NOT broken. Republican's G.W. Bush 'Medicare Prescription Drug Plan' or Part D is not broken. Tea Party Republicans have a Broken Party and they want to break everything that's good about America because they HATE Government. They love the Wealthy, Lobbyists, Mega Corporations, Wall Street, and Capitalists. 'The PP&ACA' or ObamaCare* is a Capitalist Program of 'The Heritage Foundation', a Right Wing Group, made popular by RomneyCare* in Massachusetts. The Right Wing only HATE it because President Obama passed it into Law, and They HATE Him. healthcare.gov is NOT broken, it's working 90% of the time; and the only problems with the website are Right Wing Sabatoge Tactics that are mostly failing, just like the TP Republican Party.
This is what's on my mind. There's been a lot of discussion about, and disgust with, Washington these days. It seems that what most people want from Washington is last on the list of what's being worked on by "our" representatives. It's pretty apparent to all that money talks and ergo most of our voices are being drowned out. When we say single payer healthcare, we get Obamacare. When we say close the truck size loopholes in the tax code, we get maybe. When we say put a penny per trade tax on Wall Street .we're looking into it. Lift the cap on the payroll tax to keep Social Security funded through the rest of the century.crickets... Add YOUR favorite majority supported idea here. The solution for passage of these and quite a few other great popular ideas is Campaign Finance Reform. We need to make our ideas more important than raising money from wealthy donors. Even though a slim majority of the Supreme Court has decided that a return to the days of white property owners holding sway over our politics se ...
Bernie Sanders could run for president in 2016, as an Independent. "Sanders said that there needs to be a 2016 candidate who will go after Wall Street, focus on poverty and the collapse of the Middle Class, address global warming and oppose cuts to Social Security and Medicare -- all issues that Sanders has taken on while in the Senate." Would you vote for Bernie? (Source in the first comment.)
How Your Social Security Money Was Stolen – Where Did the $2.5 Trillion Surplus Go? July 19th, 2011 | Filed under Economy, Feature, Hot List, News, Politics & Government Introduction by David DeGraw, Reports by Dr. Allen Smith How Republicans, Democrats and the Mega-Wealthy Stole Your Social Security Money As I’ve been reporting for quite some time now, trillions of our tax dollars have been looted by Wall Street, wars, global corporations and the richest one-tenth of one percent of the population. The economic crisis has made this blatant fact much more evident to the average person. Now that these elaborate schemes are coming undone and major cuts to vital social programs are beginning to be implemented, the American public is going to get a harsh wake up call. With cuts to Social Security on the way, and Obama’s recent comments saying that he cannot guarantee that Social Security checks will go out if the debt ceiling doesn’t get raised, it’s time to take a closer look at why politicians are ...
If you're a progressive or Democrat, or both, it's tempting to look at the Republican civil war -- the increasingly bitter struggle between the Tea Partiers and the GOP establishment -- with some satisfaction. The war is hurting their chances in 2014 and probably even 2016. But at least the Tea Party right is giving establishment Republicans in board rooms and on Wall Street a reason to worry, and offering rank-and-file Republicans a real choice. Establishment Democrats, on the other hand, couldn't care less about the progressive left, which has been so submissive and quiet for so long its concerns are summarily dismissed. What about single-payer or even public option? Resurrect Glass-Steagall and limit size of big banks? Exempt first $15K from Social Security tax and remove cap on income subject to it? A living wage? A carbon tax? Trade agreements with strict labor and environmental standards? Make it easy to form labor unions? Universal child care? Better schools? Free higher education? Paid family and ...
MEET THE FACES BEHIND THE LIES ABOUT SOCIAL SECURITY Research Pete Peterson's WEB of organizations.competing WITH the Koch's for Total Control of the American Nation. These two men work directly with Pete Peterson who has made it his life time goal to role all the Social Security funds into Wall Street Accounts and ending the New Deal leaving millions of seniors broke and to die in the streets.
Green Party candidates and leaders said that a recent Gallup poll shows that the recent shutdown left millions of Americans feeling betrayed by both Democrats and Republicans in Washington and open to a major new political party. Americans are realizing that the shutdown is a symptom of two-party politics. The shutdown revealed Republicans as the party of irresponsible extremists, but Democrats have also moved far to the right. The solution to shutdowns, sequestration, and the politics of war and Wall Street isn't compromise or the phony center between the Ds and the Rs. The solution is multiparty democracy and the end of two-party rule. The shutdown proved that America needs a party that refuses corporate contributions and that represents working people -- including federal and state employees. That's why we call the Green Party an imperative for the 21st century. Social Security and Medicare are in danger from both parties. Much of the Obama Administration's agenda and accomplishments, including the Aff ...
The media keep asking what Republicans have learned from the debacle they created, but the more interesting question is what the rest of us have learned. The answer is: We have to take back the House of Representatives in 2014, and keep Republicans the minority in the Senate. Some of you continue to believe there's no difference between the two parties, and I agree Democrats are too dependent on big money and therefore often too reluctant to support necessary reforms like single payer, major cuts in the military, a resurrected Glass-Steagall, limits on the size of the biggest Wall Street banks, a living wage, card-check for unionization, higher tax rates on the wealthy, and elimination of the ceiling on income subject to Social Security taxes. But I don't subscribe to the false equivalency between the two parties. The Republican Party has become the party of the powerful, privileged, prejudiced, and paranoid. They are incapable and undeserving of governing this great nation. So I'd like to know if you're ...
Since Barack Obama became president, the extremists who have taken over the Republican Party have escalated their demands every time he's caved, using the entire government of the United States as their bargaining chit. In 2010 he agreed to extend all of the Bush Tax Cuts through the end of 2012. Were they satisfied? Of course not. In the summer of 2011, goaded by an influx of Tea Partiers, they demanded huge spending cuts in return for raising the debt ceiling. In response, the President offered an overly-generous $4 trillion "Grand Bargain," including cuts in Social Security and Medicare and whopping cuts in domestic spending (bringing it to its lowest level as a share of gross domestic product in over half a century). Were Republicans content? No. When they demanded more, Obama agreed to a Super Committee to find bigger cuts, and if the Super Committee failed, a "sequester" that would automatically and indiscriminately slice everything in the federal budget except Social Security and Medicare. Not even ...
Seen on the Web: Chained CPI (on Social Security benefits) may not have been Obama's idea, but he included it in the budget proposals, so he is responsible if it gets enacted. Remember, from his first days as President, he said everything was on the table, including Social Security and Medicare. His economic advisors, such as Robert Rubin, Larry Summers, and Tim Geithner, were all Wall Street cronies. He ignored the wiser advice of progressive economists such as Nobel Laureates Joseph Stiglitz and Paul Krugman for a much larger stimulus, including Federal Government-created jobs as FDR had done in 1933. His health insurance plan, ACA or Obamcare, was written by insurance industry insiders for the profit of the insurance industry, while he took single-payer/Medicare for All Health Care off the table from the start (as did then-Speaker Pelosi). The Republicans are not the only ones who want to roll back the New Deal and the Great Society. Wall Street/Corporate Democrats such as Obama want that as well, and ...
Remember Rep. Paul Ryan? The failed Republican candidate for vice president has been relatively quiet as Tea Party extremists have commandeered his party and the debate over the government shutdown. But the House Budget Committee chairman waded into the debt-limit debate in a column published Wednesday in The Wall Street Journal. He said he would consider letting the government avoid default if “entitlement reform” is a part of the deal. Translation: he wants to cut Social Security benefits and change Medicare. Don't Make Seniors, Veterans Pay for the Shutdown:
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Social Security and Medicare are paid for with our earnings and held for our old age. I would rather the government held my money than being forced to give it to Wall Street. Might as well play Russian Roulette with it.
Today there are fools cheering the closing of vital public services, the delay of paychecks for good public servants, slowdowns of social security checks, and the degradation of the good faith and credit in the United States government. Such people are not patriots, they are revolutionaries and fanatics. You can be sure they've got theirs, Jack. The saddest part: what they demand is already impossible, as the exchanges open the same day the government closes down, so their game's already lost. This is just bitter, angry, childish hatred, to punish the disabled, seniors, government employees and contractors, and military families. There's a special kind of *** on earth for suckers too stupid to distinguish their own self-interest from those of their abusers - poor, scared under-educated white folks whipped into a frenzy by cynical pols for the benefit of their Wall Street benefactors, confused by lies are proof of the Stockholm Syndrome, behaving pretty much like spouses in an abusive relationship, shilli ...
Secession took place during the civil war, when southern states withdrew from the federal union. Why are these same states still producing prejudice and close minded individuals, As Warren Buffet put it inequality in the economic distribution of wealth in America is our last hurdle as a true democracy. Government will have to intercede in this process with entitlement payments until the gap is closed. Welfare, Social Security, Medicaid, Medicare, and T.A.R.P, Payments (Troubled Asset Relief Program) TARP allowed the United States Department of the Treasury to purchase or insure up to $700 billion of "troubled assets," defined as "(A) residential or commercial mortgages and any securities, obligations, or other instruments that are based on or related to such mortgages, that in each case was originated or issued on or before March 14, 2008, the purchase of which the Secretary determines promotes financial market stability; and (B) any other financial instrument that the Secretary, after consultation with t ...
Want to have lunch with me and Senator Elizabeth Warren? Make a grassroots donation at today -- and you'll be automatically entered to join us for lunch in Washington D.C. We're going to talk about holding Wall Street accountable, protecting Social Security and Medicare, repairing our ailing planet, and reforming the filibuster. This is one progressive lunch you don't want to miss! (Round-trip airfare and hotel included.)
"If you turned on CNN Thursday, the big news was that the Grand Guignol Party is now eating its own. And not only that. According to Dana Bash, rumors are swirling on Capitol Hill that Ted Cruz has no gonads! That clip was played all day, in between those annoying ads for Norfolk Southern, which keeps America running, hauling all that fracked oil along our crumbling rail lines. When the corporate media starts mocking the GOP, a faint ray of hope emerges. Unless you're careful, your imagination may start running wild. You picture a time when the "right" will consist of a fusion of repentant old-style Republicans and insipid centrist Dems, strongly countered by a progressive faction of humanists going full steam ahead (due left) and not stopping until we have Medicare for all, expanded Social Security, a huge jobs program, restoration of Glass-Steagall, punitive taxes for profit-hoarding corporations, living wages, a Robin Hood tax on Wall Street trades, strong gun control laws, a drastically reduced milita ...
The corporate media is only following cues from its owners. "Meet the Press" is sponsored by Boeing, the same corporation that owns NSA contractor Narus, an Israeli company that makes the rapid interception technology used by the NSA. Boeing is also part of the corporate coalition for "Fix the Debt," a sham organization funded by Wall Street billionaire Pete Peterson that aims to frame government debt as a Very Serious Problem, and Social Security and Medicare as the chief causes of that Very Serious Problem. This likely explains why Gregory was so eager to frame Social Security and Medicare as necessary sacrifices to deal with our debt, while completely ignoring the fact that companies like Boeing (and many other companies whose CEOs are in the Fix the Debt "fiscal leadership council") pay NEGATIVE federal income tax rates due to a preferential tax code that their lobbyists helped write in the first place. But David Gregory is merely a propagandist for the inside-the-DC-beltway elite, not the main proble ...
BLANKLEY: The authoritarian temptation When democracy get messy, despotic types seek its overthrow In the weeks during and since the debt-ceiling debate, the media, pushed by the Democratic Party, has peddled the propaganda that our government is broken - because the Republicans in the House of Representatives negotiated a better deal than the liberals wanted. Though it was President Obama and Treasury Secretary Timothy F. Geithner who, during the debate, said they couldn’t assure payment of Social Security or interest on the federal debt payments (while Republican leaders guaranteed there would be no lapse in such payments) it was the GOP that the media accused of irresponsible threats. It is par for the course for the losing side in a congressional fight to bewail the end of democracy in America. But it is rare for the major media to push - and the broader public to bite on - such a line. Yet the surprisingly gullible Wall Street and European opinion leaders bought into that propaganda. Indeed, Standa ...
When you work 40-50 years, sometimes 2 or 3 jobs, and you pay into a system that has worked extremely well for half a century, to insure that when you retire, your Social Security will be there, that Medicare will be there, because it's a promise, a contract between you, your employer and the government. It's your money, that was deducted from your paychecks, just like a savings account, or your K1 plan, or a pension. It's not a hand out or welfare, it's Your money. The word 'Entitlement' is thrown around as if it's a dirty word, it means 'something your entitled to'. Some say it's a ponsi scheme; it's NOT. Bernie Madoff had a ponsi scheme, and Social Security is nothing like that rip off. It's Social Security, the program implemented by FDR after WWll to ensure that the elderly in America would have a nest egg that they could count on. Despite all the rhetoric about Social Security being broke, it is NOT. Social Security is solvent for at least 60 years. Some want to privitize Social Security; now ...
Fighting global Climate Change. Creating middle-class jobs. Closing massive tax loopholes for the 1%. Standing up for civil rights. Reining in Wall Street. Defending Social Security and Medicare. Whatever your top issue is, you can count on Senator Jeff Merkley to be our champion for progressive values in the U.S. Senate. Even if it means taking on "honored traditions" like the filibuster -- used and abused by Senate Republicans to obstruct progress at every turn. That's why it's so important we re-elect Jeff Merkley in 2014. Please donate $19 today. I first met Jeff back in 2006, when he was leading the Democrats back into the majority in the Oregon House after 14 tough years of Republican rule. I saw then what I see from him every day in Congress: He may look like a mild-mannered policy wonk, but he's tough as nails, and he's willing to champion the hardest fights, like fixing the filibuster. It won't be an easy ride to victory in 2014. Republicans are recruiting right now. Karl Rove would love to find ...
As we move toward the fifth anniversary of the great financial crisis of 2008, people should be outraged that cutting Social Security is now on the national agenda, while taxing Wall Street is not. After all, if we take at face value the claims made back in 2008 by Fed Chairman Ben Bernanke and form...
Today's news from Sen. Bernie Sanders (I-Vt.): Disabled Vets: Veterans’ service organizations are stepping out in opposition to a House bill that would tie disabled veterans benefits cost-of-living adjustments to Social Security increases. Sen. Bernie Sanders, the Senate veterans’ committee chairman, remains a “key ally” in opposition a stingier consumer price index proposed by President Obama that would cut yearly inflation adjustments, Military.com reported. Social Security: Sen. Elizabeth Warren joined Sen. Sanders and others on Wednesday at a summit on protecting Social Security benefits, The (Springfield, Mass.) Republican reported. Big Banks: New York Attorney General Eric Schneiderman says some banks are “flagrantly violating” the terms of a national mortgage settlement and he plans to sue two of them, Wells Fargo and Bank of America. Other banks face lawsuits for mortgage and foreclosure abuse. “Fraud is in fact a business model of Wall Street. It is not an exception to the rule. It ...
Wall Street firms like Goldman Sachs, Morgan Stanley, and BlackRock Advisors that I’m sure would love nothing more than to see public money that goes to Medicare and Social Security privatized so they could get their cut. - Bill Maher.
Bernie Sanders on Jacob Lew Treasury Confirmation I copied the whole speech; it is public information & available on Bernie's website. Senator Bernie Sanders (I-Vt.) Feb. 27, 2013 Senate Floor Statement on the Confirmation of Jacob Lew to the Treasury Secretary Mr. SANDERS. Madam President, I say to my friend that he is right when he said that I oppose the Lew nomination also. I oppose his nomination for different reasons than he does, and I will speak later on that issue. From my perspective, at a time when the Middle Class is disappearing, when we have 46 million people living in poverty, when we have the most unequal distribution of wealth and income since the Great Depression, we need a Secretary of Treasury who is going to stand up for working families and be prepared to take on Wall Street. He needs to be prepared to change our disastrous trade policies, be prepared to defend Social Security, Medicare, Medicaid, and the safety net that is so important to tens of millions of Americans. That is my obj ...
The Campaign to Fix the Debt is the latest incarnation of a decades-long effort by former Nixon man turned Wall Street billionaire Pete Peterson to slash earned benefit programs such as Social Security and Medicare under the guise of fixing the nation's "debt problem." The chart and table below are…
Get intro to Wall Street Hedge Fund guy Pete Peterson. Using $500 million to take down Social Security and Medicare; the founder of Fix the Debt.
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Peter G. Peterson [4]made a fortune at the Blackstone Group on Wall Street. He conveniently cashed out with $2 billion shortly before the 2008 financial meltdown and now has pledged to spend $1 billion of that payout to convince Americans -- who overwhelmingly want to keep and strengthen Social Security and Medicare -- that these programs threaten our very existence as a nation. Detailed in New Online Resource from the Publishers of ALECexposed.org February 21, 2013 - 6:47am “We would not be here if it wasn’t for the Peterson Foundation and Pete Peterson. They laid the groundwork and we stand here on their shoulders.” – Fix the Debt Co-Founder Erskine Bowles Madison, WI -- One of the most hypocritical corporate PR campaigns in decades is advancing inside the beltway, attempting to convince the White House, Congress, and the American people that another cataclysmic economic crisis is around the corner that will destroy our economy unless urgent action is taken. Soon this astroturf supergroup may be ...
Since President Obama’s State of the Union address, I’ve been wondering how the bullies in Congress will react. Will they continue their reckless agenda to hold our economy hostage to get their way? Or will they focus on real solutions to create jobs and build an economy that works for all? Now’s our time to put the bullies in check. Click here now to call Rep. Dan Maffei, Sen. Chuck Schumer and Sen. Kirsten Gillibrand and tell them: protect Social Security, Medicaid and Medicare from benefit cuts; close loopholes for Wall Street and the richest 2% of Americans; and repeal the across-the-board cuts that could tank the economy. Whatever happens, I know one thing: It’s not going to be Obama’s speech that forces the bullies in Congress to stand down. It’s going to be what you do, Brenda, to make your voice heard. For far too long, they’ve drowned out the voices of working people to push their dangerous agenda of painful cuts to things like Health Care for our kids and retirement security for ou ...
Subject: I THINK SHE IS BIG TIME TICKED OFF! Alan Simpson , Republican Senator from Wyoming and co-chair of President Obama's deficit commission, calls senior citizens the "Greediest Generation" as he compared Social Security to a Milk Cow with 310 million teats. Here's a response in a letter from Patty Myers , a career school teacher in Montana ... Hey Alan, let's get a few things straight! by Patty Myers 1. As a career politician, you have been on the public dole *** for FIFTY YEARS. 2. I have been paying Social Security taxes for 48 YEARS (since I was 15 years old. I am now 63). 3. My Social Security payments, and those of millions of other Americans, were safely tucked away in an interest bearing account for decades until you political pukes decided to raid the account and give OUR money to a bunch of zero losers in return for votes, thus bankrupting the system and turning Social Security into a Ponzi scheme that would make Bernie Madoff proud. 4. Recently, just like Lucy & Charlie Brown, yo ...
I keep hearing there’s no serious alternative to cutting Social Security and Medicare, raising taxes on Middle Class, and decimating what’s left of the Federal Government’s discretionary spending on everything from education and job training to highways and basic research. “We” must make these sacrifices, it's said, in order to deal with our mushrooming budget deficit and cumulative debt. But most of the people making this argument are very wealthy or are sponsored by the very wealthy: Wall Street moguls like Pete Peterson and his “End the Debt” brigade, the Business Roundtable, well-appointed think tanks and policy centers along the Potomac, members of the Simpson-Bowles commission. These regressive sentiments are packaged in a mythology that Americans have been living beyond our means: We’ve been unwilling to pay for what we want government to do for us, and we are now reaching the day of reckoning. The truth is most Americans have not been living beyond their means. The problem is their ...
AFTER WATCHING THE REPUBLICANS IN ACTION I AM GOING TO RE-POST THIS I WROTE 2 WEEKS AGO WHAT IF ROMNEY WAS NOW THE PRESIDENT THINK ABOUT IT – MY TAKE ON WHAT WE WOULD BE LOOKING AT Social Security would be handed to Wall Street – Medicare and the VA privatized and vouchers – The Internet locked down and censured -- No public education -- a national voucher School system – All workers rights ended – More attacks on women – Unions destroyed faster than they are now – Environment control handed to Koch Brothers – Food and drug safety eliminated – Banking industry back to Bush policies – Austerity pushed down our throats -- WAR THIS YEAR in IRAN -- The so called FEMA Camps set up by the BUSH ADMIN would be filled fast once people realized we are in a full take over of the country by a Fascist Regime. Now how many complaints do I hear about what is going on with Obama Admin.
Fred Barnes: Obama's Inaugural Intentions The president reached out to Democratic interest groups. Republicans? Not so much. By Fred Barnes \ Wall Street | January 21, 2013 President Obama wants more government. In his second inaugural address, he masked the message with phrases like "collective action" and doing "things together." But these were stand-ins—euphemisms, really—for a bigger and more ambitious Federal Government. That's the unmistakable goal of his second term, and his inaugural address was devoted to his determination to achieve it. Mr. Obama paid lip service to reducing "the size of our deficit." This was followed by a crucial "but" as he went on to defend a series of programs he is unwilling to cut, including Medicare, Medicaid and Social Security. "These things do not sap our initiative," he declared. "They strengthen us." In effect, Mr. Obama endorsed the entire liberal agenda as the guiding star of his next four years in the White House. He reached out to various interest groups in ...
Goldman CEO Lloyd Blankfein is back on top of the Wall Street heap. After five years of lagging his rival, JPMorgan Chase CEO Jamie Dimon, the Goldman Sachs head honcho is once again rolling in more...
"This is all about an attempt to turn Social Security over to Wall Street and Medicare to the insurance industry." - Rep. Rick Nolan
It says in this box "How's it going Judith?" Well before I read an email from Bernie Sanders I was great. Now I know that Obama has nominated Jacob Lew for Treasury Secretary. He is a Wall Street insider and willing to strip Medicare and Social Security. No surprise since he put the Clinton gang back in power the first round, and Clinton was the one who signed the bill that took the firewall down. I hope the Dems have enough to vote NO.
Like rats deserting a sinking ship, high-ranking officials of the Obama Administration are headed for the private sector to reap rewards for selling out the American people. Tim Geithner is the latest, off to Wall Street to get buried in money for the bailout and other devotion to corporate greed. Today, Obama is expected to nominate Jack Lew, currently his Chief of Staff, to replace Geithner as Treasury Secretary. Lew is the architect of Obama's "Grand Bargain" and "fiscal cliff" deals with Republicans, so he may be expected to find a clever way to cut social programs in order to get an agreement to cut the deficit. He was involved in the negotiations with the Reagan Administration that led to creating the "Social Security surplus," which has been milked for corporate welfare ever since, accumulating massive debt to the Social Security system that our leaders are working tirelessly to avoid paying back as they pretend the system is going under to justify cutting it. Lew was COO of Citigroup when it got $ ...
The 113th congress begins tomorrow, along with the battle over spending cuts -- with Republicans threatening to block an increase in the debt ceiling as a means of getting the magnitude of cuts they want. Their goal is to slash programs for the poor, along with Medicare and Social Security. Democrats shouldn't be against spending cuts per se. They should offer instead to cut the military budget by 25%, and eliminate corporate welfare for big agriculture, Big Pharma, oil and gas, Wall Street, and big insurance. ~ Robert Reich
We were asked by one of our subscribers the following: "Obama is chasing Republicans offering Social Security cuts when Boehner can't get the votes for any plan he's come up with. Why is Obama doing this?" We gave our answer and we feel this answer is actually worth sharing cause we are getting really tired of being asked the same question albeit in different phrasology. Our answer is as follows: Because Pres. Obama is a Centrist* New Democrat. He is beholden to Wall Street. Look at his first term. Who did Pres. Obama appoint as Treasury Secretary? Timothy Geithner. Who is Timothy Geithner? Well, before he was Treasury Secretary he was President of the Federal Reserve Bank of New York, (the wealthiest of the 12 Reserve Banks which make up the Federal Reserve System). During his tenure as President of the NY Fed he served as Vice Chairman of the Federal Open Market Committee, (this is the committee that makes key decisions about interest rates and the growth of the United States money supply). Which is iro ...
Nearly 14,000 Californians have signed a petition demanding Los Angeles Mayor, Antonio Villaraigosa, resign from the Campaign To Fix The Debt, a right-wing lobbying group whose "core principles" include making permanent the Bush Tax Cuts for the top 2% while slashing Medicare and Social Security. Today at noon they're going down to LA City Hall to deliver their signatures. Join them! Let Mayor Villaraigosa know we won't stand idly by while he sides with Wall Street to throw Californians off the Fiscal Cliff!
Campaign America’s Future – by Richard Escow The anti-Social Security propagandists should’ve thought this one through a little more carefully: On the same day that Goldman Sach&r...
"CEO Council Demands Cuts To Poor, Elderly While Reaping Billions In Government Contracts and Tax Breaks. Goldman Sachs chairman and CEO Lloyd Blankfein said Social Security "wasn't devised to be a system that supported you for a 30 year retirement after a 25-year career." The key to cutting Social Security, he said, was simply a matter of teaching people to expect less. Less than three years after receiving $10 billion in bailout money from American taxpayers, Goldman Sachs informed its employees recently that it will fire 1,000 workers in the United States and elsewhere, shifting their jobs to the cheaper Singaporean labor market." HuffPost Blankfein earned a total of $54.4 million in 2006 as one of the highest paid executives on Wall Street. His bonus reflected the performance of Goldman Sachs, which reported record net earnings of $9.5 billion. The compensation included a cash bonus of $27.3 million, with the rest paid in stock and options. While CEO of Goldman Sachs Group in 2007, Blankfein earned a ...
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Robert Reich. The next few months will be critical in terms of getting Obama and Congress to put jobs before deficit reduction. We must also raise taxes considerably on the rich, so we have enough resources to invest in high-quality education for all. The Affordable Care Act should be the first step toward a single-payer health system. The size of Wall Street's biggest banks must be capped, and the Glass-Steagall Act resurrected. We need a carbon tax and/or a cap-and-trade system that reduces carbon emissions and creates incentives for industry to clean up. And instead of cutting Medicare or Social Security we should cut military spending and corporate welfare.
Third Way is run by a man who Lautner terms an “acolyte” of Pete Peterson. Peterson is a Republican, Wall Street billionaire who has two priorities – imposing austerity on America and privatizing Social Security. Privatizing Social Security is Wall Street’s unholy grail. They would receive hundreds of billions of dollars in fees and ensure that their firms were not only “too big to fail,” but “too big to criticize” if they could profit from a privatized retirement system. (We do not know who funds Third Way because it refuses to make its donors public. Given who dominates its Board of Trustees, however, the donors must be overwhelmingly from Wall Street.) Third Way’s self-description has some elements of honesty, admitting that it is “led by a prominent private sector Board of Trustees, drawn from finance, industry, academia, the non-profit sector and government.” The order is revealing – the board is dominated by finance, with a thin veneer provided by industry, and with the bares ...
Third Way, lobbyists for and from Wall Street who are leading the effort to enrich Wall Street by privatizing Social Security, was created by Wall Street to fool some of the people all of the time.' William K. Black, RSN
As he embarks upon the second term that not all presidents are given, Obama would do well to take the counsel of National Nurses United executive direector Rose Ann DeMoro, who said after the election, “The President and Congress should stand with the people who elected them and reject any cuts in Social Security, Medicare, or Medicaid, strengthen Medicare by expanding it to cover everyone, and insist that Wall Street begin to repay our nation for the damage it caused our economy with a small tax on Wall Street speculation, the Robin Hood tax.” And a president who has been comfortably reelected ought not think small. He should “spend his capital” on projects worthy of the trust Americans have afforded him. © 2012 The Nation John Nichols John Nichols is Washington correspondent for The Nation and associate editor of The Capital Times in Madison, Wisconsin.
President Obama, here's your list: Close Guantanamo Bay. Try or release prisoners. Re-regulate banks, Wall Street, and jail all those involved in the loans that took down the economy. Stop sending jobs overseas. Period. Continue to deport illegal persons from every outside nation. Stop drone attacks and bring ALL AMERICANS home from overseas. Hold Constitution Convention and remove Electoral College. Install a single term for each elected official and to just one office per individual. Expand Medicare for all. Return to Social Security the funding that has been removed from it and place it in a locked box. Stop ALL tax breaks and cuts. Rebuild America's infrastructure before it totally crashes. Thanks.
Some post-election thoughts: The overwhelming victory of Barack Obama in the last Presidential Election should not come as a surprise to the Republican Party. The GOP has adopted economic and social radicalism that turns away the rational voters. The concept of revenue generating by strict tax (and spending) cuts is economic radicalism. To let the "Invisible Hand" take care of a financial crisis may work in economics theory, but such approach results in dire consequences to real people, who are also real voters. Thus, to refuse to bail out the auto industry and let it try to save itself during the financial crisis may have some merit to the Miltonian economist, but such merit is meaningless to the workers whose jobs depend on the immediate survival of the industry. Those workers are also voters. To privatize Social Security and Medicare may be a good business strategy to Wall Street, but to the beneficiaries of those programs, it's only speculating with the financial source they rely on to survive during ...
America Elects A Liberal Agenda: Obama ran on regulations for Wall Street. Obama ran on defending Social Security and Medicare. Obama ran on immigration reform and the Dream Act. Obama ran on raising taxes on the wealthy. Obama ran on letting the Bush Tax Cuts expire. Obama ran on income equality for the working class.
Alright, so I couldn't hold back the cynicism any longer. The guy we elected is a right wing, corporatist, near war criminal, who is not a defender of Civil Liberties, who has been atrociously weak on immigrant issues, who passed a lousy healthcare bill, who has failed to do Wall Street reform, and who will probably celebrate his re-election by cutting Social Security and Medicare, and reducing the top tax rates and corporate taxes. And yet he was better than Mittens. That says something about our country. We managed to elect a couple of actual progressives though. Hopefully they fight the good fight, and don't become Al Franken. But I guess my conclusion is this. If the last election played out to 'If you're out there', this one should play out to 'Won't get fooled again'.
If Romney wins tomorrow, he will be de-fund NPR and planned parenthood, appoint judges who could potentially overturn Roe vs. Wade, overturn Affordable Health Care Act, privatize Social Security and FEMA, deregulate Wall Street, not support the Lily Ledbetter Fair Pay Act, not support *** marriage or their ability to serve in the army, make sure that folks like him keep paying less taxes than the Middle Classes and stash them in places like Isle of Jersey (a real place)or make it easier to outsource jobs to China, which is only strengthening the autocratic system there---oh, what a GRAND vision it is for one of the most progressive, "developed" country in the world. .
Over the past few weeks I’ve heard a lot of people wondering what President Obama has accomplished in the past four years. After doing some intense research (read 10 minutes on the internet – not just because I’m lazy, but it really didn’t take that long to find this stuff), here’s an abbreviated list: 1. Passed the American Recovery and Reinvestment Act which averted an economic depression, reversed the rapidly rising unemployment rate, and created nearly 3.7 million private sector jobs (effectively digging us out of the hole created by his predecessor whose economic policies mirror the trickle down, “let’s give rich people more money and trust they’ll do the right thing” policies of Governor Romney. Interesting side note: Paul Ryan’s favorite author Ayn Rand signed up for Social Security and Medicare later in life. Make of that what you will). 2. Signed the Affordable Care Act, an attempt to insure 32 million Americans who had no access to primary care medicine, and several other ...
DON'T BE FOOLED by Romney's Promises of Across-The-Board Tax Cuts. Setting aside the Fact that he is a Flagrant, Habitual and Unrepentant Liar, what this would mean is that a Middle-class Family might get a Pittance of $1000 - $2000 while Millionaires get Hundreds of Thousands, on top of the already disgusting windfall they receive by making the Bush Tax Cuts permanent. In return for this Devil's Bargain, Corporate Taxes (and Capital Gains which is how teh Hedge Fund Managers and other Wall Street *** Rake In their Mountains of Cash) are CUT TO ZERO! Corporations continue to be Encouraged and Rewarded for Relocatinge their Businesses Overseas where they Don't Have To Pay Living Wages, Give Benefits or Follow ANY Environmental or Safety Regulations. The Gutting of the Economy and Middle Class which began under Reagan and was Greatly Accelerated by Bush, will be brought to its Disastrous Conclusion. Government Services will be Cut To The Bone. Obamacare, Medicare, Medicaid, Social Security, Unemploym ...
The GOP is advocating for smaller Government and transferring programs like Regulations, Medicaid/Medicare, Education, Social Security, and Women's rights from the Federal Gov't to the State Gov't and then from the State Gov't to the private sector under the scam of creating jobs. If that is allowed to happen on November 6, 2012, Vegas will see a 10,000 percent increase in gambling. Wall Street will have such a feeding frenzy that stock brokers won't be jumping out of windows, but throwing other stock brokers out the window to get a piece the new job creators pie. As a part of the population-reduction program, this plan is flawless because wars, disease, & murder are not fast enough!
Let's Call the "Grand Bargain" What It Is: The Grand Betrayal of the American People October 31, 2012 | Robert Kuttner has written much of the column I intended to write on this subject, so I will point you to his excellent column and add a few thoughts. Kuttner wrote [3] to warn that Obama intends to seek a “Grand Bargain” causing the U.S. to adopt the type of austerity program that threw the Eurozone back into a gratuitous recession. Worse, Obama intends to begin to unravel the safety net (Social Security, Medicare, and Medicaid) to convince the Republicans to enter into this Faustian bargain. Just as only a conservative Republican could visit “Red” China, only a Democrat can begin the destruction of the safety net. The difference, of course, is that normalizing relations with China was a good thing while unraveling the safety net is a terrible thing. Wall Street’s greatest desire is privatizing Social Security. Wall Street stands to make scores of billions of dollars annually in additiona ...
Let's play Romney Roulette. Randomly assign a number on the roulette wheel to the various Romney positions on all of the key political issues of the day, e.g., I am for and against the Republican platform position on school vouchers, union-busting, global warming, environmental regulation, privatization of Social Security, raising the qualifying age, means-testing, and vouchers for Medicare, and no exceptions to abortion, even in the case of rape, incest, or the life of the mother, spin the wheel, and no matter where the ball lands, we lose, because he will say and do whatever he has to say and do to get elected, then he will say and do whatever he is told by the same corporate handlers who created the Bain Capital corporation for him to run to give him money-making Wall Street creds and more apparent than real business experience in anticipation of his political career and the final chop-shop fire sale of the American Dream. Or call it Wheel of Misfortune, spun by Ann Romney, that always spells disaster, ...
If you have an income of $250,000 or more you should vote for Mitt Romney. If you make less than $250,000 per year, you are a *** fool to vote for Mitt Romney. Before the Stock Market crash of 1929, the GOP Big Three of Harding-Coolidge-Hoover made “business” the “business of America”, once more allowing profiteers to flourish at the expense of the vulnerable. Enter Franklin Roosevelt, a polio victim confined to a wheel chair and leg braces which he could only stand in. His alphabet soup of New Deal programs-the CCC and TVA and WPA- brought hope to the financially distraught, making them believe that the government was on their side. Credit him with Social Security (1935), legislation to protect workers, right to collective bargaining, Wall Street regulation, rural electrification projects, farm price supports, unemployment compensation, and federally guaranteed bank deposits. The America we know and love today sprung directly from the New Deal. Every president from FDR to Jimmy Carter, reg ...
Thomas Kinkade Collectibles from The Bradford Exchange Online
Current TV has an interesting story on the Koch Brothers starting rumors about Social Security going broke so that your savings can be privatized so Wall Street can then handle your money which is essentially their companies. David Koch purchased Jackie O's apartment in NY for 9.5 million. Charles Koch's Aspen home valued at 9.5 million and David Koch's Aspen home is worth $15 million. They of course are funding Mitt's campaign. Social Security has over 2 Trillion in reserve and is not going broke. These are all false rumors started by them. they want to ruin the American Dream. They fund over 300 special interest groups smearing Social Security. They earn $13 million a day. Their group Americans For Prosperity to enforce the agenda of David Koch. $5 million by them spent on Mitt's campaign that is known about. They are against the Dept of Education and public education in general. Tune in.
--Obama to Rolling Stone: “It’s important for people to understand how much we’ve gotten done, because sometimes folks obsess with gridlock and the ugliness of the process here in Washington. We passed Health Care – something that presidents have tried to do for 100 years, and we will implement it. We passed the toughest Wall Street reform since the 1930s, and we will implement it and continue to strengthen it. We have put in place a Consumer Finance Protection Agency … “We have expanded access to college through the Pell Grant program and by keeping student loans low. The list of things that we’ve accomplished, even once the Republicans took over [the House], is significant. … We’re going to have a full agenda in the second four years, but people shouldn’t underestimate how much we can get done.” --Obama to Douglas Brinkley, on historians using “Obamacare”: “I’ll be very proud. … Just like Medicare and Social Security, as time goes on, as people see what it does, as it get ...
Social Security recipients will see only a 1.7 percent increase in monthly benefits next year. The small change is tied to a measure of inflation released Tuesday. Sen. Bernie Sanders said the announcement underscores the need to shield seniors and disabled veterans from proposals to cut benefits. "The method for calculating inflation for seniors is broken. Instead of fixing the problem, some in Washington and on Wall Street want to make a bad situation even worse by cutting benefits for senior citizens and veterans through a so-called chained CPI. It would be a shock to millions of seniors and disabled veterans to learn that some in Washington think their current COLAs are too generous," said Sanders, who founded the Defending Social Security Caucus in the Senate. The 2013 COLA amounts to one of the smallest increases since automatic adjustments were adopted in 1975. Social Security recipients received a 3.6 percent incre ase in benefits this year after getting none the previous two years. It could get w ...
Here's a very simple, straightforward summary of everything you need to know about the Presidential Election. Vote Republican if... 1. You want to privatize Medicare: Meaning seniors will not be able to afford their Health Care in their golden years which was why Medicare existed in the first place. 2. You want to privatize Social Security: This means you will entrust all of your retirement savings to Wall Street so they will make bank many times over, and hey, the Stock Market never goes down, right? 3. You want the government to control women's bodies from puberty through menopause. Women won't get contraception covered on their insurance so they have to buy it extra. They can be fired if they take it because it is the owner's choice. Roe v Wade will be overturned by the Supreme Court after Romney appoints 2 new Scalia-like justices. Oh, and most birth control and in-vitro fertilization will be outlawed by the Personhood Amendment so don't worry about contraception at all other than condoms. 4. ...
Wall St.'s Next Profit Scheme -- Buying Up Every Piece of Your Home Town Across America, schools, roads, and water systems are for sale to the highest Wall Street bidder. September 27, 2012 | The pace of Wall Street’s war against the 99% is quickening in preparation for the kill. Having demonized public employees for being scheduled to receive pensions on their lifetime employment service, bondholders are insisting on getting the money instead. It is the same austerity philosophy that has been forced on Greece and Spain – and the same that is prompting President Obama and Mitt Romney to urge scaling back Social Security and Medicare. Unlike the U.S. Federal Government, most states and cities have constitutions that prevent them from running budget deficits. This means that when they cut property taxes, they either must borrow from the wealthy, or cut back employment and public services. For many years they borrowed, paying tax-exempt interest to wealthy bondholders. But carrying charges on these have ...
A disconnected candidate can only produce disconnected voters, wars, tax cuts for the rich, a run away Wall Street, weak posture in foreign affairs, ransacked Medicare and Social Security, chaos in the government and a worse economy. This man has no concrete and specific plan. His Bain Capital will continue to destroy America by selling it piece by piece. His investments in China grows to the detriment of America. No shape-shifting, color changing, position swapping, shameless posturing spoiled ex-governor must be elected to the presidency. Learn from George W Bush.
In his first hundred days in office, which began March 4, 1933, Roosevelt spearheaded major legislation and issued a profusion of executive orders that instituted the New Deal—a variety of programs designed to produce relief (government jobs for the unemployed), recovery (economic growth), and reform (through regulation of Wall Street, banks and transportation). The economy improved rapidly from 1933 to 1937, but then relapsed into a deep recession. The bipartisan Conservative Coalition that formed in 1937 prevented his packing the Supreme Court or passing any considerable legislation; it abolished many of the relief programs when unemployment diminished during World War II. Most of the regulations on business were ended about 1975–85, except for the regulation of Wall Street by the Securities and Exchange Commission, which still exists. Along with several smaller programs, major surviving programs include the Federal Deposit Insurance Corporation, which was created in 1933, and Social Security, which ...
In 2011 PBS got a little over $200 million from the Federal Government, or .00012% of the federal budget. I hardly believe that PBS's neck would be the first on the Romney chopping block. That being said, if PBS would have its federal funding cut, it would be one of many difficult changes this country would need to get used to if we are ever going to get out of the mess we are in. You can blame Obama, Bush, Reagan, Carter, or FDR. You can blame 9/11, Wall Street, Barney Frank, Nancy Pelosi, or Hurricane Katrina. You can blame welfare, Social Security, Osama bin Laden, or Kanye West. But in the end the real blame is on us. We all need to look in the mirror and realize that we are all responsible for the mess this country is in. So what if PBS loses funding? If you are so torn up over it you can help stimulate the economy and buy Blu Ray box sets of Sesame Street, Antique Roadshow, and The Cosmos and watch them on your 90 inch flat screen tv.
Mitt Romney needs to meet Richard Hayes. Mr. Hayes is a city of San Diego sanitation worker. His route includes the street in La Jolla, where Mitt Romney owns a $12 million oceanfront mansion. This is the house where he's putting in an elevator for his cars. Mitt Romney's "47 percent" videotape revealed his contempt for tens of millions of Americans. He insulted seniors receiving financial and medical support through the Social Security and Medicare programs they paid for during their working lives; veterans accepting medical care at Veterans Administration hospitals and clinics; and students getting a start on a promising future through the help of Pell Grants and government backed student loans. "I'll never convince them," Romney said. "They should take personal responsibility and care for their lives." No one forced Romney to trash these Americans. He was simply stating, to a privileged audience behind closed doors, what he really believes. He never expected that his remarks would be heard by the wider ...
How Bad IS The Economy??? Today I got a pre-declined credit card in the mail. Wives are having sex with their husbands because they can no longer afford batteries. CEO's are now playing miniature golf. Exxon-Mobil laid off 25 Congressmen. I saw a Mormon with only one wife. I bought a toaster oven and my free gift was a bank. Angelina Jolie has adopted an American child . Motel Six won't leave the light on anymore. A picture is now only worth 200 words. They renamed Wall Street " Wal-Mart Street ." When Bill and Hillary travel together, they now have to share a room.. The Treasure Island casino in Las Vegas is now managed by Somali pirates. And, finally... I got so depressed last night thinking about the economy, wars, jobs, my savings, Social Security , retirement funds, etc., I called the Suicide Hotline. I got a call center in Pakistan , and when I told them I was suicidal, they asked if I could drive a truck...
I took good notes... 1.Creating jobs- Romney wants to cut taxes for Middle Class and not change upper class taxes without adding to the deficit. I'm not a math major but that does not add up. 2. Social Security- Romney does not mind the elderly overpaying providers and insurance companies (owners) because...Their Republicans. 3. Federal Regulations of the Economy- Wall Street, Whats a true mortgage, we don't have the definition...that was pretty interesting. 4. Affordable Care Act? Obama Care is the same system that Romney approved of as governor of Massachusetts, so whats his new plan again? ...Yes, that's right no one knows. 5. Mission of Federal Government...Obama is trying to create jobs (Federal Government), while Romney can only speak on issues regarding state. Its bigger than state Romney, you are not ready. Romney will not give any lengthy details on his plans for changing this country. He just does not have enough care for us poor people...Lol. Cool debate though.
So Mitt Romney now supports the key points of the Affordable Care Act, NOT lowering taxes on the wealthy, regulating Wall Street, keeping Social Security a socialized system. He is sounding more and more like President Obama everyday. Again he keeps changing his positions.
During the Health Care fight, Chris Hayes wrote in The Nation about how PCCC members built support for the public option in the Senate and unexpectedly brought it back to life. If there were more bold progressives in the House, we absolutely could have passed a public option. Right now, Dr. Manan Trivedi and Dr. David Gill are running for Congress on bold Health Care platforms in competitive Pennsylvania and Illinois districts that are key to taking back the House. Both support Medicare for All! Can you stand up for these doctors who are standing up for all of us? Donate $3 to their campaigns today. Both of these endorsed candidates got perfect scores on our 99elect questionnaire. They favor strengthening unions, prosecuting Wall Street bankers who broke the law, overturning Citizens United, and making major government investments in jobs. And they oppose any cuts to Social Security and Medicare benefits. Both are fighters. Manan Trivedi (Pennsylvania 6) is an Iraq War veteran. David Gill (Illinois 13) wo ...
Rec'd a letter today from the Painter's International Union - my husbands union. They provided facts concerning the Romney/Ryan Plan. Their plan will be debilitation for all seniors. It reveals that under their plan, someone who is currently 65 on Medicare will pay an additional $11,000 during their retirement. A 54 year old today would pay an additional $124,600 and a 29 year old would pay an additional $331,200. Their Social Security would allow workers to divert 1/3 of their SS taxes into a private investment account rather than into the program. How would your social security benefit look now if you lost a third of it to the Wall Street crash 4 years ago? When you decided to retire you had 4 things to count on-your pension, your savings, Medicare and Social Security... If Romney/Ryan team succeeds, future retirees and beneficiaries of unions may not be as fortunate. We need to save Medicare and Social Security from Wall Street - Vote for re-electing President Obama and Vice President Biden. I WIL ...
There is a great deal of discussion lately of a budget reduction “Grand Bargain” after the election that would, in effect, enact the recommendations of the report issued by the co-chairs of the President’s Budget Reduction task force (Chester Bowles and Alan Simpson). It is often referred to the Deficit Reduction Committee report, but it isn’t because it failed to get a sufficient number of member signatures to pass. In effect the report would enact sweeping budget cuts similar to those that are destroying the economy of Europe. History proves that austerity measures applied during times of economic crisis only make things worse for all but the very wealthy and Wall Street. Among the programs that Simpson Bowles would seriously cut is Social Security, even though it is independently funded and contributes not a penny to the deficit. The article below really misses a very dramatic point. It is gratifying that 28 Democratic U.S. Senators plus Independent Bernie Sanders have pledged not to vote ...
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Dear Mr. President Obama: We watched The Bill Moyers Show on PBS last Sunday 9-2-12, Titled “Challenging Power & Changing Politics.” Featuring, Senator Bernie Sanders and the Green Party Candidates, Jill Stein and Cheri Hunkala. They put our thoughts and hopes into words we could never hope to match. All bright, articulate and compassionate people speaking in support of All Americans. They discussed the most important issues. Getting Money Out Of Politics, Corporate Greed and Justice for everyone’s, Taxes, Social Security, Health Care, Education and Poverty. These are the issues; we thought you believed in and would fight for when we enthusiastically voted to put you in this sacred office in 2008 without having to be beholden to anyone but the American people. Show us you have the courage to stand up for Michelle, Malia and Sasha and us, the American people, and what we believed to be your original beliefs. Do we have to go to the Independent Green Party, which has been kept out of the limelight and ...
Paul Ryan and Mitt Romney -- Leave Medicare and Social Security alone. They are the only systems that are not trying to get rich off us benefactors. What makes you think that we want to spend our retirement years begging insurance companies for coverage and Wall Street for honesty in our investments? And why do we need a 3 trillion dollar increase in military spending at the expense of the food stamp and Medicaid programs? Are you planning on another war?
The Republicans want to turn over your Social Security future over to their friends on Wall Street. Can you say Bernie Madoff?
Tim Farmer did a little research and came up with the following about Franklin Delano Roosevelt: 1. Brought the country back from financial collapse. 2. Established and protected Social Security. 3. Worked toward ending a war. 4. FDR was completely opposed to everything Hitler stood for - the biggest threat to national security. Hitler died on April 30, 1945 by taking poison and then shootin g himself with a pistol. (corrected) 5. Wife was an advocate of the disadvantaged 6. Invested in jobs and the nation's infrastructure. 7. Spoke to the people not at them. 8. Strong advocate of the military and its soldiers and sailors. 9. Strong Foreign Policy record in the presence of tyrants. 10. Established and sustained regulation of Wall Street. 11. A champion of minority groups. 12. Ended discrimination in the military. Sound familiar? FDR is consistently considered one of the top three Presidents in history but the Tea Party consider him a dangerous Progressive much as they have maligned Obama. Nov. 24, 2008, T ...
Sen. Bernie Sanders questioned why President Barack Obama has not defended Social Security against Republican calls for deep cuts in the program that benefits some 55 million retired and disabled Americans, widows and orphans.
Thoughts on Labor Day: Whites versus Blues The United States was built on slavery. Africans picking cotton on plantations in the South and white immigrants from Europe working in the textile plants, the garment industries and the coal and copper mines in the North. The question is: Why does Romney and the GOP want to eliminate the Minimum Wage, get rid of child labor laws, destroy public and private unions, reduce the tax rate on corporations, make Right to Work states, strip the government of regulatory oversight of monopolies and environmental laws, turn Social Security over to Wall Street bankers, eliminate Medicare and Medicaid, abolish public schools, lessen the opportunity for college, double the interest rate on student loans while banks are paying zero interest, privatize prisons, water supplies, roads, fire departments, police and the US military? Could it be that this is a well planned movement by the donors who control the GOP, like the Koch Brothes (who are donating $400 million to Romney's c ...
The acceptance speeches by Paul Ryan and Mitt Romney at the GOP convention were only slightly more grounded in reality than Clint Eastwood’s conversation with an empty chair. Ryan is infamous for his pack of lies, from the attempt to blame President Obama for the closing of a Wisconsin GM factory that began shutting down during the Bush presidency, to the fantasy that Ryan’s austerity agenda is about something other than gutting Social Security, Medicare and Medicaid in order to enrich Wall Street speculators and the insurance industry. About the Author The Editors Also by the Author Last Chance for Peace in Syria? (Foreign Policy, Regime Changes, World) The new UN envoy has a near impossible task. But Washington must support it—arming the rebels will only prolong the civil war. The Editors A People's Platform for the Democratic Party (The Left, Election 2012) Three cheers for the full embrace of LGBT rights! Here are six more progressive planks for Democrats. The Editors Romney was just as bad, wit ...
This is a list of things that are on the Republican Party platform that the Tea Party insisted be adopted on the platform: " An audit of the Federal Reserve and a study on sound money were included in the platform. While the RNC platform doesn’t go far enough, it espouses limiting the farm subsidies currently part of federal policy. The platform supports some privatization of the Transportation Security Administration (TSA), as well as ending support for all bailouts of Wall Street. Supporting reformation of Medicare and Social Security, the greatest financial challenges facing the nation in coming decades. Tea Party-minded freshmen Senator Rand Paul (R-KY) and Senator Marco Rubio (R-FL) gave prominent and well-received speeches, as did Senate candidate Ted Cruz. Looking beyond the platform inclusion, the pick by Romney of Paul Ryan for VP is a strong indicator that the GOP establishment is finally getting serious about reforming Social Security and Medicare." This is important to farm states. The Tea ...
Wall Street billionaire Pete Peterson is bankrolling a national campaign to cut Social Security...we must fight and win..foot power vs money
Please Mr. President: As the Democratic National Convention draws to a close tonight, Bernie laid out a strong, six-point agenda for the American Middle Class that he hopes President Obama embraces. In a column for USA Today, Bernie detailed the plan that includes defending Social Security, creating jobs, ending tax breaks for the wealthy, promoting clean energy, tightening the reins on Wall Street and overturning the Citizens United ruling that let corporations and billionaires buy politicians. As the longest serving independent in congressional history, Bernie also assessed how Republican nominee Mitt Romney has embraced the failed economic policies of George W. Bush, including more tax breaks for the rich, more job-destroying “free trade” and more Wall Street deregulation. Continue reading the latest Bernie Buzz here:
Jeff Carlson shared The Blue, the Proud, the Liberal Corps's photo. People, Bernie Sanders is the one Senator that we all can trust, every senior must understand that the Republicans will hand Social Security to Wall Street and it will soon be gone never to return
Let's not forget that Bill Clinton began the "deregulation" (repealing Glass-Steagal, etc.) that led to the Great Recession (W Bush made it worse), sold the Democratic Part to Wall Street (Richard Rubin, Timothy Geitner, Larry Summers, etc.) joined with Newt Gingrich to "End Welfare as We Know it" (ending AFDC), and joined withe the Reaganites to declare the "Era of Big Government is Over." To win re-election, he signed on to the anti *** Defense of Marriage Act, which was bad enough, but he ran ads on conservative Christian radio stations bragging about it! He has already agreed with Paul Ryan that we have to CUT "entitlements" (Social Security and Medicare). Republicans love him now. He is a scum bag.
Last week, Sen. Bernie Sanders (I-VT) was a featured speaker at the United Steel Workers 2011 conference in Las Vegas. Sanders focused much of his speech on the Social Security system, blasting suggestions by Democrats and Republicans alike that, for example, we should adjust the cost of living adju...
Mark Wilson Dustin Stockton part 1 The best way to understand the Ryan Budget is to read the full proposal, which can be found in PDF format here. But if you don't have time to read over 80 pages of dense political jargon, the graph above from the Wall Street Journal explains the difference between the Ryan plan and the current Democrat strategy. Under Obama and the Democrats, spending, taxation and debt would all continue to spiral out-of-control. Under the Ryan plan, taxation would never exceed 19% of GDP, spending would be cut by $5.3 trillion, the debt would go down, and Social Security and Medicare would be fully-funded without destructive cuts to national defense Part 2 Just as importantly, Ryan's budget will improve the safety net for the most vulnerable Americans by introducing more choice and competition to Medicare, and encourages more state-by-state flexibility in administering Social Security. The key is that the Ryan budget recognizes that prosperity comes from economic freedom, not governmen ...
"Ryan has long sought to privatize Social Security, handing the money over to the same Wall Street firms that crashed our economy in the first place. Incidentally, even George W. Bush thought Ryan’s plan was too radical… " Sally Kohn; Fox News
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I like the facts and the plain simple facts tell me that Mitt Romney and Paul Ryan are for cutting out Social Security and Medicare for the Seniors or let them buy stock from ther Rich friends on Wall Street or use a Voucher plan. Mitt and Paul are both good time phony Baloney Plastic Bananas and don`t Deserve any position in our Goverment.They both Lie check the anti bail out stance of Ryan ,Truth ryan accepted Bail out money for his state.
Which political party supports SOPA, NDAA, the drug war, the Wall Street bailout(s), the wars in the Middle East, draining Social Security, Citizens United and ignoring the global climate crisis? If you say "Republicans" then you are right. Of course, if you decide to pick the Democrats then you are also correct. One party system...two party distraction. Food for thought: Do you believe that you will have more or less freedoms in ten years? Do you feel as if you have more freedoms now than you did ten years ago? And finally, what freedom will you surrender next?
In 2005, when Bush campaigned to introduce private accounts into Social Security, Ryan fervently crusaded for the concept. He was the sponsor in the House of a bill to create new private accounts funded entirely by borrowing, with no benefit cuts. Ryan's plan was so staggeringly profligate, entailing more than $2 trillion in new debt over the first decade alone, that even the Bush administration opposed it as "irresponsible." And even more irresponsible after the implosion of Wall Street in the fall of 2008. As ThinkProgress reported at the time, studies estimated that private accounts would lose money a third of the time. That fall, the Center for American Progress calculated that "that if a worker had retired on October 1, 2008 after 35 years of contributions to private retirement accounts, that retiree would have lost nearly $30,000 in retirement funds because of the downturn in the Stock Market over the last two years." And while retirees would face the risks inherent in the market, according to a 199 ...
James Smith: Privatizing Social Security would funnel billions to Wall Street:
Here's what Peter Wehrner, the former assistant to Karl Rove in the Bush II White House, said at the time about what Paul Ryan wants to do with Social Security. "You may know that there is a small number of conservatives who prefer to push only for investment accounts and make no effort to adjust benefits — therefore making no effort to address this fundamental structural problem… "This could easily cause an economic chain-reaction: the markets go south, interest rates go up, and the economy stalls out. To ignore the structural fiscal issues — to wholly ignore the matter of the current system’s benefit formula — would be irresponsible." Do we really want to give Wall Street gamblers access to your Social Security savings, so they can make a killing, while again imploding the economy? I don't.
The author of this has given permission to post this to FB: To Those Of You Who Think They Will Be One Of The "Safe" Ones. After the Republican Party enacts their Randian Agenda of eliminating the safety net for those who fall under a randomly defined cutoff age, they will then come for you. You see, even still your demographic has a fairly large amount of accumulated wealth and assets, and there is no way that Wall Street will allow the Republican Party let that money go to your heirs intact without getting a crack at stealing it. Once Medicare and Social Security are eliminated for those of us still working, their sights will be turned onto you. You will have no real way to stop them. You threw everyone else under the bus in order to save your own benefits, and in doing so, lost anyone who cares one bit about what then happens to you. They will not care how big a Teabagger, Objectivist, Rugged Individual, Self-Made Man, Republican, of Free Market Worshiper you happen to be. You are NOT part of the 1%, a ...
When President Obama cut Medicare benefits, he made provisions in the Affordable Care Act to cover the cuts. Paul Ryan not only wants to repeal the ACA, he also wants to take your Medicare benefits to $6,000/yr. If that weren't enough, he also wants to privatize your Social Security so the Wall Street banker thugs can steal it the same way they stole everyone's 401k money. Any questions?
Paul Ryan? Really, Really...Paul Ryan? If you parents are alive I hope they can afford Medicare. Social Security? Fuggedabout it Ryan wants to put your money directly into Wall Street's pockets (their more trustworthy than the government right?) I'll give Romney this... he did carefully choose a running mate. Ryan was voted by former classmates as "biggest brown-noser" and also has experience driving the Oscar Mayer Weinermobile. Really. Romney could not have chosen a truer weiner. This is *** you top the choice of Sarah Palin without resorting to grabbing a woman or a minority. Now all the time can be spent making Ryan disavow everything he's ever supported, making it easier for Romney to continue to offer ZERO ideas on what he'd actually do (other than repeal Obamacare) and how it would actually help. Bring on the debates! I'm tired of Bob Costas
Ah Yes! Kill Medicare and SELL Social Security to "Big Business," give to the Rich and Take from the poor, give Wall Street a Get Out Of Jail FREE card ... Forever, blame the President for what happened under "Bush-Cheney" AND the Current REPUBLICAN Do "Nothing" Congress. Maybe if they Shout it LOUD enough, the American people will cover their Ears, as WELL as their eyes!
The author of the Ryan Budget, a scheme that House Republicans have voted for, Paul Ryan seeks to close the national debt by dismantling New Deal and Great Society systems like Social Security and Medicare that help the aged, disabled and infirm; cutting funding for education and other programs that help build the Middle Class; and reducing services for the children and the poor. In other words, tearing these systems apart brick by brick in the name of "fiscal responsibility." At the same time, the Ryan Budget gives more tax privileges to wealthy individuals and corporations. In short, his plan shifts public resources, including systems that workers have self-funded, from main street to Wall Street.
The Week in Review: The Senate on Wednesday voted to extend tax cuts for most working Americans but end Bush-era tax breaks for top income brackets. Sen. Bernie Sanders on Thursday called out deficit hawk hypocrites who supported wars, the wealthy and Wall Street and now want to cut programs for working families like Social Security. Speaking of which, why isn’t President Obama defending Social Security? That’s a question Sanders raised in a Senate speech on Tuesday. “Have you heard him? I haven't heard him,” Sanders said. “It causes me concern.” On Tuesday, Sanders testified about his amendment to undo Citizens United. On Wednesday, he spoke at the International AIDS conference on a proposal to make medicine more affordable. And on Friday, he saluted Vermont athletes as the Summer Olympics opened in London.
"It’s not merely Republicans versus Democrats, or conservatives versus liberals. The larger battle is between regressives and progressives. Regressives want to take this nation backward — to before Social Security, unemployment insurance, and Medicare; before civil rights and voting rights; before regulations designed to protect the environment, workers, consumers, and investors. They want to sabotage much of what this nation has achieved over the last century. And they’re out to do it by making the rich far richer, turning Americans against one another in competition for a smaller and smaller slice of the pie, substituting private morality for public morality, and opening the floodgates to big money in politics. Progressives are determined to take this nation forward — toward equal opportunity, tolerance and openness, adequate protection against corporate and Wall Street abuses, and an economy and democracy that are working for all of us." ~Robert Reich~
Is it not interesting that Romney is courting Rob Portman of Ohio for V.P.? His first order of business is to attack the current economic plans and talk about how they would bankrupt the country. Here is the hypocrisy of the entire thing; this is the Bush economic adviser. Remember that Bush economic plan that called for deregulation and cutting taxes on the very rich? The plan that lead us to where we are today. It was his advice that allowed Wall Street to collapse our economy in the first place, and now they want him on the Republican ticket? This speaks to the basic problem with the Republicans; they don’t care about us everyday folks at all. They will talk their game about abortion, religion, guns, and anything else they believe the middle and lower class want to hear. Then they get into office and steal as much money as they can get their hands on. Let them privatize Social Security and see how fast that disappears in some Hedge Fund manager’s portfolio as the CEO of that company receives a 30 m ...
For those that have been brainwashed into thinking Social Security is broke. Well, the Commissioner of Social Security can tell you that this is false. Do yourself a favor and ask him yourself! Here is one of many articles on that lie that the Republicans conjured up so they can let Wall Street have it. Social Security Is Not Going Broke by David Cay Johnston Which federal program took in more than it spent last year, added $95 billion to its surplus and lifted 20 million Americans of all ages out of poverty? Why, Social Security, of course, which ended 2011 with a $2.7 trillion surplus. That surplus is almost twice the $1.4 trillion collected in personal and corporate income taxes last year. And it is projected to go on growing until 2021, the year the youngest Baby Boomers turn 67 and qualify for full old-age benefits. So why all the talk about Social Security “going broke?” That theme filled the news after release of the latest annual report of the Federal Old-Age and Survivors Insurance and Federa ...
And they want to privatize Social Security ? Read Daily Kos : Robert Reich says the attacks on Romney's tenure at Bain Capital miss the larger point, one which even the White House is not prepared to acknowledge: Mitt Romney is not simply a callous vulture capitalist, he is the living embodiment of the financial catastrophe that brought this country to the edge of ruin. [T]he real issue here isn’t Bain’s betting record. It’s that Romney’s Bain is part of the same system as Jamie Dimon’s JPMorgan Chase, Jon Corzine’s MF Global and Lloyd Blankfein’s Goldman Sachs—a system that has turned much of the economy into a betting parlor that nearly imploded in 2008, destroying millions of jobs and devastating household incomes. The winners in this system are top Wall Street executives and traders, private-equity managers and hedge-fund moguls, and the losers are most of the rest of us. The thousands of job losses caused by Bain's "bad bets," while providing rich fodder for the Administration's campa ...
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23. Timothy Geithner, Tim Geithner, who was appointed Treasury Secretary, did not pay Social Security and Medicare taxes for several years while HE worked for the International Monetary Fund. Wall Street
Divide N Conquer has been the Cons slogan since Bush Sr. They desire to privatize Social Security to those who bankrupt America."Wall Street
This election is about the direction you want this country to go. The Republican austerity agenda, to reduce government spending and taxes, is exactly what they did in Europe. We see the results; whole countries facing bankruptcy. 11% unemployment. Historically, our country faced an economy even worse than today; the Depression. It wasn't tax cuts or smaller government that ended the Depression. FDR's New Deal put millions of people back to work on government projects that rebuilt our nations infrastructure. It was increased government spending that ended the Depression, not cuts. Romney would have let the auto industry fail. Instead, we see an auto industry that is strong and robust, paying back the loans with interest. The republicans would let the private sector run Social Security. Do we really want Wall Street in charge of our retirement? Do we want them managing Medicare and Medicaid, relied on by so many seniors? The republican vision for our military are more planes, tanks, and warships. That was ...
Just went to the James Carville website trying to leave a comment. Selected the contact info, and the mailbox was full, my email came back. Here it is below. . . Dear Mr. James Carville, This idea of using the 401K strategy against the Social Security. If Social Security is to be traded on Wall Street under similar Policies as G.W. Bush's, we will certainly lose money on that investment like we did with our 401K. Under President Obama, our Stock Market has increased by 60% The World invests in the United States, as you know, but others do not. Thought this might be a good idea, but you are the one that knows best. It is just that the Public does not hear of this! This would be important right? Thanks for your time, Sincerely, Mike Larson
Bernie Sanders shared the following link and had this to say about it: Coming up at 8:30am: Sen. Sanders will be on the Bill Press Show talking about the greed on Wall Street, overturning the Supreme Court's Citizens United decision and fighting to protect Social Security. Listen live here: Progressive Talk
Jobs or Health Care which is more important? The Republicans say stop Health Care and roll back Minimum Wage and its not up to the employer to provide anything but a job to its workers. Republicans believe cut the hours and hire more people that way you do not need to provide any benefits. The President and Mitt Romney are in a dead heat now. So much money from Wall Street is coming in for Mitt that he may take the lead. The republicans want to reduce Minimum Wage to 5.80 cents per hour instead of 7.25 some States are higher like New Mexico its 10.29 per hour. The Republicans want a cut across the board of 30 percent to Social Security and the Minimum Wage. They believe a 20 percent cut in Medi Care for seniors will help save Health Care and that makes Wall Street happy. Thats why they are giving so much money to The Republicans. The Republicans also believe that Off Shore Banking by Corporations in something that should not be regulated. If Corporations can save on taxes it helps its Wall Street Frien ...
It's what Boehner's now playing to, and it's really what Americans Elect was all about — "centrist" economic "solutions" that would give the Pete Petersons of the world their golden dream of pumping Social Security money into the Wall Street casino and casting the elderly and the infirm onto the ten...
I read about Romney in a Huffington Post op-ed today: "The man who rallied his chums to bully a vulnerable kid has produced a set of prescriptions that are striking in the degree to which they advantage his NASCAR-owning buddies over everyone else." And those policies tell us exactly who Romney thinks counts and who doesn't: The wealthiest 1% deserve bigger tax breaks, while people who rely on Social Security and Medicare should have their benefits cut. Wall Street executives deserve a bailout, not prosecution, for crashing our economy; while auto workers should face unemployment, foreclosure, and bankruptcy. Trust-fund kids, like Romney, deserve the best education money can buy, while lower-income kids should have Pell Grant funding slashed. Mitt Romney thought he was teaching Lauber a lesson when he held him down to cut off his hair. Instead, it's a lesson for all of us about what kind of man he is—and what kind of president he would be. If Romney and the right-wing corporate owned media get their way ...
Stop Mitt Romney! Mitt Romney's extreme views are wrong for Middle Class families. Romney wants to end critical education and job creation programs, while giving tax breaks to billionaires and letting Wall Street write its own rules. And Romney would dodge obligations to America's seniors by privatizing Social Security and dismantling Medicare. The truth is that the radical right-wing agenda that Mitt Romney is pushing at the federal level is the same agenda that Republican Governors are trying to advance all over the country: decimating the Middle Class, crushing educational opportunities, and destroying the social safety net.
Yes, this: "The Great Recession shocked most Americans into realizing the tremendous damage that financial institutions, when largely unregulated, could do to their livelihoods and to the health of the larger economy. As the 'no bailout' mantra of Tea Partiers attests, most conservatives are no more enamored of Wall Street than are liberals. Obama could explain, in clear and passionate terms, how the crisis of 2008 occurred and why only strict laws and constant vigilance can prevent one from recurring. At the same time, he needs to make a moral argument for a humane and effective state: Why higher wages, universal Health Care, enhanced funding for public and college education, and secure benefits for the elderly and unemployed are all essential to future economic growth--and why the GOP’s hostility to unions, funding the public sector, and desire to privatize Medicare and Social Security amount to a blueprint for national decline."
Thanks to Reita Grant for this information: Meet the special interests trying to buy this Senate race: CROSSROADS GPS: Karl Rove's front group and a major player in races across the Country. (My words: No one plays dirtier than Karl Rove.) 60 PLUS ASSOCIATION: Pat Boone is their spokesperson, privatizing Social Security is their top issue -- with ending Medicare as we know it close behind. CONCERNED WOMEN FOR AMERICA: Despite their name, they're one of the most anti-choice organizations in America, opposing reproductive rights and attacking the LGBT community. COALITION TO PROTECT PATIENTS' RIGHTS: An anti-Health Care Reform group run in-part by a powerful DC lobbying firm, it's determined to push misinformation to stop health insurance reforms. U.S. CHAMBER OF COMMERCE: Not to be confused with your local Chamber of Commerce, they represent powerful special interests like Big Oil and Wall Street. (My words: The Chamber is the largest lobbying organization in America. It had more than 150 lobbyists from 25 ...
THE ARGUMENT in the war over the budget is the failure to remind the forgetful public how the deficit grew as a result of the Bush/Cheney/Greedy One Percent Party. Discussing how America got itself into this predicament has two benefits. It not only reminds the public of the acts of the prior administration by not regulating Wall Street, but also exposes why Wall Street and the BIG MONEY is opposing the President. Further, the public needs to be reminded that the very same right-wing Republicans advocating cuts in Medicare, Social Security, Education, etc, are the VERY SAME REPUBLICANS who voted for the Iraq War but did not fund it; the Bush Tax Cuts for the wealthiest; the unfunded subsidy to Big Pharma, as well as Big Oil, and BIG MILITARY. Then accountability of the Greedy One Percent Party continuing its support of America's wealthiest, Big Oil, Wall StREET, will have real, UNDERSTANDABLE meaning.
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