Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Raymond Duray who wrote (33890)	5/18/2003 11:57:51 PM
From: Hawkmoon	Read Replies (2) \| Respond to 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