Caution: Real Liberal stupidity on display here Again!
Sunday, March 29, 2015
Saturday, March 28, 2015
The world watches in horror as the splintered remains of a Germanwings Airbus are collected off a mountainside. Since the airplane disintegrated, it’s hard to imagine the terror the helpless travelers experienced when they realized their impending fate.
Eager to reach a set destination, passengers full of hopes and dreams boarded what we now know was a doomed aircraft. Instead of arriving safely, they were trapped like animals by a copilot whose evil undertaking was realized at the expense of 149 innocent lives.
What happened to 144 passengers and the five-member flight crew is incomprehensible.
Why would copilot Andreas Lubitz purposely lock himself inside the cockpit, refuse to let anyone inside, and decisively steer a fully functioning airplane full of people into the side of a mountain at 400 miles per hour, murdering everyone aboard?
And while what befell the A320 travelers boggles the mind and rattles the senses, the jarring reality of it feels strangely similar to what is taking place in a nation piloted by a methodical aviator manually forcing the country he leads into a steep decline.
Think of it – in 2008, the sky was clear as the nation boarded the Barack Obama Airplane. Unfortunately, it didn’t take long to realize that although the conversation in the cockpit started out cordial, talk quickly deteriorated into a tense exchange.
Early on into the flight, a calm and collected president locked out advisors, rebuffed allies, angered world leaders, and overruled anyone who disagreed with his self-serving objectives.
Then, slowly but surely, the passengers aboard Air Obama began to realize that what seemed historic at takeoff was quickly turning disastrous. Worse yet, mid-flight, the awareness set in that no one on either side of the aisle had the political will to halt what was “fundamentally transforming” into a vertical descent.
Much as the Airbus’s technical sophistication didn’t prevent a man set on suicide from taking 149 people with him, our nation has fallen prey to an undeterred pilot aggressively subjecting 300 million people to endure a constitutional tailspin of his own making.
Over the French Alps, an amateurish pilot managed to seize the controls, then he locked out the qualified, and proceeded to calmly and deliberately ram a plane into the side of a mountain – which, figuratively speaking, is precisely what Captain Obama is attempting to do to America.
The president has gripped the controls; his breathing is steady and calm. From the look of things, he appears to be unwavering in his determination to shatter whatever is left of this country’s future.
Before our nation meets a similar fate, we can only hope and pray that the perilous ride our nation is currently on will not result in such a tragic end. That’s why, while there’s still time, what happened over the Alps shouldn’t shock America. It should be a warning we identify with and an analogy we can learn from. Regrettably, what’s lacking on America’s doomed flight is the sort of political determination the locked out pilot of the Germanwings Airbus exhibited when he attempted, but failed, to chop through the cockpit door with an ax.
ARMY DESERTER and Muslim convert Bowe Bergdahl is skilled in the art of ‘taqiyya’ – the Islamic doctrine of deception and lying on behalf of jihad
Kinda sounds like the "Regime" we currently have now; Constant Lies and Corruption and the Clown believe himself
RADIO HOST Mark Levin says, “Barack Hussein Obama is the greatest threat Jews have faced since the 1930’s”
Wow, in correlation with the post below, the freebies that the Liberals are handing out like candy is running out. This story below and the Illegals will get Social Security when they never paid a dime into it! So Who is draining the Welfare State? Its not the GOP.
Back in 2010, America's primary retirement vehicle, the Social Security Trust Fund, did something it had not done in three decades done: it went cash negative, meaning that the costs were greater than the payroll tax revenues as a result of both the second great depression which sent the costs soaring, and America's demographic Japanification as baby boomers started retiring by the tens of thousands with every passing day.
This prompted a firestorm of analyses, each framed by the ideological bias of its author and each eager to calculate how much time the Social Security Trust Fund has before it runs out of cash and with it, exposes the lie that is America's welfare dream for current and future generations of workers.
The good news is that with combined grand total of $2.8 trillion in assets as of December 2014 across its various trust funds, a shallow cash burn rate meant that there are probably at least two more decades of funding left in Social Security before the abovementioned dreaded moment arrives.
The bad news is that if one digs a little deeper, something scary emerges: namely, the Social Security Disability Insurance (SSDI) Trust Fund.
For those unfamiliar, here is the official description:
The Disability Insurance Trust Fund is a separate account in the United States Treasury. A fixed proportion (dependent on the allocation of tax rates by trust fund) of the taxes received under the Federal Insurance Contributions Act and the Self-Employment Contributions Act are deposited in the fund to the extent that such taxes are not needed immediately to pay expenses. Taxes are deposited in the fund on every business day.The trust fund provides automatic spending authority to pay monthly benefits to disabled-worker beneficiaries and their spouses and children.With such spending authority, the Social Security Administration does not need to periodically request money from the Congress to pay benefits.
The problem is that like the broader demographic bust that is plaguing all developed nations, America itself has seen a widely documents surge in disability recipients in recent years, covered extensively here on previous occasions such as in "The Un-Retiring, Increasingly Disabled Non-Working American Dream"
There was also The Number Of "US Citizens On Disability Is Now Larger Than The Population Of Greece", which as the title suggests, there was a startling surge in Americans claiming benefits:
But most importantly, one should read "Two Charts Exposing America's Record Shadow Welfare State", "Meet The Disability-Industrial-Complex: Up To 45% On Disability Insurance Are Frauds" and also "1000s Of Veterans Busted For Massive Benefits Fraud" because sadly there is now extensive evidence that to many, Disability Insurance has become nothing but a piggy bank for millions of unscrupulous, lazy "retirees" who are fraudulently claiming they are entitled to benefits, in the process defrauding those who are truly disabled and have a rightful claim to this rapidly dwindling funding.
The latest data shows that after soaring to a record 9 million in recent months, the number of Americans collecting Disability Insurance has plateaued at just over 8.9 million.
Which, unfortunately, may be a few million too many.
As the following chart shows, after enjoying a period of generous asset inflows in the late 1990s and early 2000s, ever since the Lehman collapse, there has been a surge in capital outflows from the DI Trust Fund, amounting to approximately $30 billion over the past three years.
Here is why this is a problem:
In the chart above the Red line shows the total program expenditures which has soared at a pace far greater than the level of receipts, which has been largely flat over the past decade. How much of that is due to the criminal abuse of the SSDI is unknown but it is surely a sizable amount.
The bigger problem is the black line: it shows that after peaking at $215 billion in 2008, the fund now has only $60 billion left as of the end of 2014, having burnt through nearly three quarters of its assets in 6 years.
The biggest problem: unless the pace of cash burn slows down dramatically in the immediate future, the Disability Insurance trust fund will do something it has never done before in its history: its assets will go negative.
While the obvious response will be clear - to issue more debt and prefund the DI with the receipts - such as "strategy" will merely solidify the Ponzi nature of the Americans welfare state, and confirm that absent a dramatic overhaul of the US retirement system, it is only a matter of time before the US has to issue billions if not trillions in debt just to meet its already accrued retirement obligations.
Then again, with developed nations now relying exclusively on their central banks to buy the majority of the debt they have to issue, an amount that will hit a record in 2015...
... is anyone really surprised that the Pyramid scheme supporting the entire "developed world" is finally being revealed for all to see?
This Idiot is a LIAR! Haven't heard nothing yet. This douchbag needs to show his proof. It looks like this Idiot is fundraising off this and the Idiots that believe it and donate money deserves to have their Money flushed down the Toilet!
Among the many things that mystify economists these days, the biggest might be the lingering perception, despite six years of ostensible recovery, that the average person is getting poorer rather than richer. Lots of culprits come in for blame, including the growing gap between the 1% and everyone else, negative interest rates (which starve savers and retirees of income) and the crappy nature of the new jobs being created in this recovery.
But one that doesn’t get much mention is the changing nature of the bills we’re paying. It seems that Americans are spending a lot more on health care, which leaves less for everything else. Here’s an excerpt from a MarketWatch report of a couple of weeks back, with two charts that tell the tale:
The percentage of money U.S. consumers spend on health care rose in 2014 for the third straight year to another record high, according to one government measure.Some 20.6% of total consumer spending in 2014 was devoted to health care, including prescription and over-the-counter drugs, annual figures from the Commerce Department report on personal expenditures show. That’s up from 20.4% in 2013.Health-care expenses has been rising for decades regardless of government efforts to control costs. The percentage of consumer spending on health care rose from 15% in 1990, topping 20% for the first time in 2009.With the health-care pie continuing to expand, consumers are paying the same or less as percentage of their spending on most other goods and services compared to 10 years ago.Americans spend a smaller share of their money on cars and clothing, among other things. The percentage of money they spend on housing and going out to eat is basically unchanged over the longer run.Not surprisingly, the only other major category to show a sustained increase in spending over the past 25 years is education. The share of money Americans spend on college has climbed to 1.59% from 0.9% in 1990.
What this means is that we’re spending more on two big categories — health care and education — that don’t make us feel richer. Health care, of course, is just maintenance. It’s like changing a car’s oil or fixing a broken transmission, which only restores the status quo rather than enhancing it. Education, meanwhile, is just school. When we’re in college, we don’t feel richer if tuition goes up. So to the extent that those things are getting more expensive, and fun things like eating in restaurants and buying new shoes become less frequent as a result, we feel poorer — or at least less free to indulge ourselves.
This is the opposite of what technology in particular and progress in general were supposed to bring about. As a society advances, it should get better at producing life’s necessities, freeing up capital for life’s joys and making most people feel both richer and more free. As John Maynard Keynes famously predicted in his 1930 essay “Economic Possibilities for our Grandchildren”, another century of capital accumulation and advancing science would make it possible for most people to satisfy their basic needs with minimal effort and then go off and have fun. Wrote the economist/poet:
For at least another hundred years we must pretend to ourselves and to everyone that fair is foul and foul is fair; for foul is useful and fair is not. Avarice and usury and precaution must be our gods for a little longer still. For only they can lead us out of the tunnel of economic necessity into daylight.
We’re fifteen years short of the century that Keynes predicted it would take, but the goal seems to be receding rather than approaching. That’s frustrating for all the people who have to work harder than ever just to feed their families. And if it goes on much longer the result will be a very vigorous search for culprits — which will be entertaining, even if it doesn’t pay the doctor’s bills.