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With "conventional" QE not bringing the global economy out of its malaise, ever-more radical...
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Sunday, October 28, 2012, 4:01 AM ETWith "conventional" QE not bringing the global economy out of its malaise, ever-more radical ideas are gaining proponents. One is QE for the people - or QEP, or helicopter money - or handing out free cash, while another is giving governments back the exclusive right to create money, which they've lost to commercial banks. This would apparently restore growth and eliminate government debt without tax increases or spending cuts. When something sounds too good to be true...
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Like actual cuts! Not the "we were going to spend 10% more but now are only going to spend 6.5% more so we've cut spending by 10 Billion".
Get rid of Agencies. Cut Bureaucrats pay by 20% - tomorrow. Don't like "public service" so much anymore? Quit. Reduce our military presence overseas. Buy less weapons. Raise retirement ages for SS, Medicare. Throw millions off of "disability". Somehow we have 10's of millions fewer people doing manual type labor but have skyrocketing disability claims. Reform the tax code - zero deductions - three increasing levels of flat tax depending on income.
Its amazing the nonsense that gets thrown around... all to avoid the simple fact of life that everyone can't have everything. Reminds me of a little jingle my grandmother used to say.....
"Thats Life! What's Life? A magazine. Oh, How much does it cost? 10 cents. I've only got a nickel!, thats life!......
Its now 2012. Think if we had acted in 2008 and reformed our social programs. If we had restructured our government over the past 3 years? If we had restructured our military? But no, just more and more and more nonsense that doesn't deal with the very simple truth that you cannot spend your way out of a debt and deficit problem.
since the Reagan years. The disabled folk need get a SS lawyer
to help them refile. The lawyer takes a third of the initial payment, I believe, which is usually 3-6 months worth or more.
I was processing a MediCal case once. The client died the same day his disability application notification was returned to me denied.
Don't believe everything the RepubliCons try to snooker you with.
Better look at the statistics. There are judges with 100% approval rates. All one has to do is look at the number of applications versus the number approved.
Then if you really want to be depressed look at the numbers on the program 20 years ago. And then think about how our workplace has changed and how many fewer Americans do truly tough manual work.
We have a growing number of people scamming the system, and the government is allowing disability to be used as an early retirement program.
government print its own money. For thirty five years, since the '80's,
the American Workforce has been pauperized. People who once made an area's median wage, now make about 30% less. Really.
That is one reason why credit card use went ballistic during Republican Policy years - meeting monthly payments required some
borrowing. Housing is still unaffordable. Banks know all this and
are leary of lending to the pauperized local folk.
Even if the government printed money to take up the slack of diminished wages and decreased COLAS over the past 35 years,
plus an increase to Aged, Blind and Disabled people, local economies would become more stable - nationwide.
Thirty five years of sociologically illiterate Republican Legislators have decimated our population's stability. A pauperized workforce
and out of control housing costs brought to you by the people
who call themselves successful. Geeeeeeeez.
the endagame is predictable and unstobsable
it's simply a matter of how much money you want to make out of the situation
Lets look at the results so far of the current plan: Trillions of $$ in aid to banks and here we are more and more companies missing both revenues and earnings estimates.400,00 new unemployment claims each week for the last 4.5 years. I doubt those people are making more money on their new jobs as they were on their old ones. Economic model for idiots I call the current plan.
$13 trillion undisclosed sent by the Fed to bail out it's super bank buddies while they have voters argue whether to cut park service or medicare or whatever. That $13 trillion is almost enough to pay off the entire national debt. Fed refuses to disclose to whom they gave that money to. Wasn't me