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Thread: Economic Crisis in Greece - Financial Crisis

  1. #71
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    It looks like were slowly going back to the 1970s again:
    Government: Violent crimes rose 18 percent in 2011

    Property crimes were up 11 percent in 2011, from 15.4 million in 2010 to 17 million.
    Household burglaries rose 14 percent, from 3.2 million to 3.6 million.
    Thefts jumped by 10 percent, from 11.6 million to 12.8 million.

    Government: Violent crimes rose 18 percent in 2011 - Yahoo! News

  2. #72
    That does not surprise me. What would surprise me is if Obama did NOT blame it on Bush.
    "Democracy is two wolves and a lamb voting on what to have for lunch. Liberty is a well-armed lamb contesting the vote." -- Benjamin Franklin


  3. #73
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    Quote Originally Posted by TopDogger View Post
    That does not surprise me. What would surprise me is if Obama did NOT blame it on Bush.
    It's like Jimmy Carter blaming it on Gerald Ford

    It's starting to get bad out there. I think the US hasn't declined as fast as in the 1970s due to the amount of wealth that was generated over the last 30 years since the Reagan Revolution and during the 1970s we didn't have China to loan us money.

    How's this for the 1970s? I bought a dented can of Campbell's Chicken Noodle soup the other days for 37 cents. It was pretty good. The funny thing is that the 47 million Americans on welfare aren't going to buy dented cans when Obama will give them brand new ones for FREE

    Btw, Campbell Soup just announced 700 layoffs. Why eat canned soup when the Government will give you free shrimp and steak.

    Canned: Campbell Soup readying for over 700 layoffs - Business, Business Blog - Macleans.ca

  4. #74
    I think I will go on welfare so I can afford shrimp and steak.
    "Democracy is two wolves and a lamb voting on what to have for lunch. Liberty is a well-armed lamb contesting the vote." -- Benjamin Franklin


  5. #75
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    Quote Originally Posted by TopDogger View Post
    I think I will go on welfare so I can afford shrimp and steak.
    Haha According to A Quick Guide to Food Stamp Eligibility and Benefits — Center on Budget and Policy Priorities a family of three with income of $2,000 a month qualifies for food stamps. This is not to mention that they can also receive an earned income credit in 2012 of up to $5,891 which is refundable even if they didn't pay any taxes.

    receiptf.jpg

  6. #76
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    Lindsey Graham: ‘I think we’re going over the cliff’

    “I think we’re going over the cliff,” Graham said. “It’s pretty clear to me they made a political calculation. This offer doesn’t remotely deal with entitlement reform in a way to save Medicare and Medicaid and Social Security from imminent bankruptcy. It raises $1.6 trillion on job creators that will destroy the economy, and there are no spending controls.”

    “The president’s plan when it comes to entitlement reform is just, quite frankly a joke,” Graham continued. “So I don’t think they’re serious about finding a deal. John Boehner is serious about revenue. He’ll get a lot of pushback, but Republicans will rally around John Boehner about limiting deductions to raise somewhere between $700 and $800 billion in revenue. And I bet you this — if you took the president’s plan and put it on the floor of the House and the Senate, he would get very few votes for his plan.”

    We’re becoming Greece because of out-of-control entitlement spending. There’s no age adjustment for Medicare and Social Security. There is no means testing in the president’s plan. We should do what Ronald Reagan and Tip O’Neill did — adjust the age for retirements, a means test benefit, do it together, and Republicans should put revenues on the table. The president’s plan does nothing but damn us to becoming Greece.”


  7. #77
    The US Congress salaries and benefits should also be cut to lead by example!

  8. #78
    The easiest way to save millions is to cut out Michelle Obama's vacations.

    The real hangup is that Obama wants the debt ceiling removed entirely so that he is free to spend money without Congressional oversight. The next time we get a Republican president and a Democrat Congress, the Democrats would yank that in a heartbeat. It would NEVER be approved if the tables were turned. It is the quickest way to the complete destruction of the economy, which appears more and more to be the real goal. It would be the quickest way to neuter a country that Obama does not respect.
    "Democracy is two wolves and a lamb voting on what to have for lunch. Liberty is a well-armed lamb contesting the vote." -- Benjamin Franklin


  9. #79
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    Quote Originally Posted by Natural Elements View Post
    The US Congress salaries and benefits should also be cut to lead by example!
    Rank-and-File Senators and Representatives earn $174,000. A 10% cut would send a message but not make any difference bringing down the budget deficit.

    A bigger issue is with people serving in the government and enriching themselves.

    Senator Harry Reid entered government with a net worth of between $1-$1.5 million and now he's worth between $3 to $10 million. Reid managed to get so rich on a salary of $174,000 a year.

    The Los Angeles Times reported in November 2006 that when Reid became Senate majority leader that he had managed to get $18 million set aside to build a bridge across the Colorado River between Laughlin, Nev., and Bullhead City, Ariz., a project that wasn’t a priority for either state’s transportation agency. His ownership of 160 acres of land nearby that stood to appreciate considerably from the project had nothing to do with the decision, according to one of his aides. The property’s value has varied since then. On his financial-disclosure forms from 2006, it was valued at $250,000 to $500,000. Open Secrets now lists it as his most valuable asset, worth $1 million to $5 million as of 2010.


    How Reid acquired that land is interesting, too. He put $10,000 into a pension fund his friend Clair Haycock controlled, to take over the 160-acre parcel at a price far below its assessed value. Six months later, Reid introduced legislation that would help Haycock’s industry, a move many observers said appeared to be a quid pro quo, though Reid and Haycock denied that the legislation was the result of a property deal.
    Read more: How Did Harry Reid Get Rich? - Betsy Woodruff - National Review Online

  10. #80
    And let me guess: This is one of the reasons employers keep their employees at a certain minimum so both parties are happy and the tax payer picks up the rest?


    Quote Originally Posted by bogart View Post
    Haha According to A Quick Guide to Food Stamp Eligibility and Benefits — Center on Budget and Policy Priorities a family of three with income of $2,000 a month qualifies for food stamps. This is not to mention that they can also receive an earned income credit in 2012 of up to $5,891 which is refundable even if they didn't pay any taxes.

    receiptf.jpg
    I am also a writer for Serpholic Media. You can find some of my articles here: Serpholic Media Blog

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