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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: Raymond Duray who wrote (33890)5/18/2003 11:57:51 PM
From: Hawkmoon  Read Replies (2) of 74559
 
The European model of mixed economies is far more humane than the criminal law-of-the-jungle crony capitalism model being foisted on the world by Bush/Cheney, the racketeers at the IMF and WTO anti-environment and anti-labor elitists.

Mixed economies? Why don't you just say old european non-performing economies, and younger (HUNGRIER) performing economies??

And the US is HARDLY a fountain of raw unfettered capitalism. Not when over 50% of the Federal budget is obligated to paying ENTITLEMENTS (welfare, SS, etc).

There used to be a time during the '50s when the defense budget commanded the largest percentage of Federal spending. Now it's just all of that "inhumane" governmental spending on those bestial pathetic welfare programs...

$1.1 trillion (1/2 the total size of the Federal Budget for 2004).. Approximately $3,780 for every man, woman, and child in the US (using 291 million as the population).

And considering that only 2.5 to 3% of the US population is actually on welfare, we'd need to reduce that 291 million to approx 8-9 million actual recipients of that $1.1 Trillion in entitlement spending.

But most of that money goes to the infrastructure and personal salaries of the offices and workers required to operate the welfare system.

That's roughly $122,000 per welfare recipient to operate that "inhumane US welfare program".

Now even I will admit that entitlements also must include items like pensions, and other non-welfare related items... But those are just some rough figures since welfare makes up a huge percentage of that entitlement slice of the Federal budget.

Hawk
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