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.

Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?

To: Kenneth E. Phillipps who wrote (101233)	3/8/2011 11:21:24 PM
From: Hope Praytochange	1 Recommendation Read Replies (1) \| Respond to of 224759

kennycanary sings demorat script : how many burgers flipped today ? Message 27221775

To: Kenneth E. Phillipps who wrote (101233)	3/8/2011 11:36:10 PM
From: Hope Praytochange	4 Recommendations Respond to of 224759

ObamaCare's Numbers Game Posted 06:51 PM ET Gov't Accountability: A Cabinet member has admitted that the administration used misleading numbers when it was peddling ObamaCare. Fraudulent accounting, though, is nothing new in Washington. Health and Human Services Secretary Kathleen Sebelius admitted last Thursday that in taking $500 billion from Medicare and moving it to ObamaCare, the White House counted twice the same pile of money and claimed that it would reduce the deficit and sustain Medicare. "Both," replied Sebelius when Rep. John Shimkus asked her during a House Energy and Commerce Health Subcommittee hearing if the $500 billion was for "preserving Medicare or funding the health care law?" If this were merely an isolated event, it would go down a bit easier. But fraudulent accounting is an old habit next to the Potomac. Financial sorcery egregious enough to arrest, convict and imprison a private-sector executive is routine among the political class. No example of government's loose play with money and numbers is more outrageous than Social Security, the ultimate Ponzi scheme. As defined by the SEC, a Ponzi scheme is "an investment fraud that involves the payment of purported returns to existing investors from funds contributed by new investors." To keep the ruse going, the "the fraudsters focus on attracting new money to make promised payments to earlier-stage investors." For obvious reasons, Ponzi schemes are illegal. Yet we have Social Security, clearly a government-run Ponzi scheme in which today's workers are forced to support retirees. At one time, the ratio was 159 workers for each retiree. It's now 3-to-1, and there are not enough new workers arriving for the fraudsters to keep the program solvent. Despite all the promises made, Social Security will be broke and heavily indebted in less than 30 years. Medicare is another program that's an accounting mess. By 1990, it had cost almost 10 times as much — $107 billion — as it was projected to. Also like Social Security, Medicare — which loses $50 billion or more each year to fraud — is going broke. These entitlement programs' problems were caused by government's failure to account for the future. But Washington can't account for the present, either. Last week, a Government Accounting Office report revealed the federal apparatus is shot through with hundreds of duplicative programs. The waste could cost as much as $200 billion. In fact, the federal government's math is so poor that the amount that auditors tell us can't be accounted for is in the trillions. A decade ago Mitchell E. Daniels, director of the Office of Management and Budget, told Congress that the federal government's accounts would "never be tolerated in the private sector." Since that warning, little, if anything, has changed: • Government-sponsored enterprises, known as GSEs, are still around to help the same lawmakers who refuse to do nothing about runaway entitlements hide their deficit spending. • The Obama stimulus has been found to be a fraud that's spent a lot of money but has produced few jobs. • The actual national debt, say two respected sources, ranges from $60 trillion to $200 trillion, far higher than the $14 trillion figure the government uses. A government that can err and deceive on such a massive scale is a government that's too big. It spends too much, wastes too much and loses too much. Without profound change, unthinkable trouble will soon be here.

To: Kenneth E. Phillipps who wrote (101233)	3/9/2011 8:53:37 AM
From: locogringo	6 Recommendations Read Replies (1) \| Respond to of 224759

Oh, no! Obama job approval starts down again: Gallup Obama's job approval numbers are down again, even without a viable announced Republican opponent. Even with the unemployment rate down a smidge to 8.9% (it was 6.9% when Obama was elected). Even with 192,000 jobs created last month. Even with Joe Biden out of the country. According to the latest Gallup numbers, Obama's weekly job approval number was 46% through Sunday. latimesblogs.latimes.com

To: Kenneth E. Phillipps who wrote (101233)	3/9/2011 9:26:59 PM
From: Hope Praytochange	10 Recommendations Respond to of 224759

“The people of Wisconsin elected us to do a job. They elected us to stand up to the broken status quo, stop the constant expansion of government, balance the budget, create jobs and improve the economy. The longer the Democrats keep up this childish stunt, the longer the majority can’t act on our agenda.” The bill makes significant changes to most public sector unions, limiting collective bargaining to matters of wages only and limiting raises to the Consumer Price Index unless the public approves higher raises in a referendum. It requires most unions to hold votes annually to determine whether most workers still wish to be members. And it ends the state’s collection of union dues from paychecks. kennycanary ?????

To: Kenneth E. Phillipps who wrote (101233)	3/9/2011 9:43:08 PM
From: Hope Praytochange	2 Recommendations Respond to of 224759

jsonline.com kennyliar ???????

To: Kenneth E. Phillipps who wrote (101233)	3/9/2011 9:45:46 PM
From: Hope Praytochange	1 Recommendation Respond to of 224759

jsonline.com kennyliar ???????