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 : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (148448)	1/30/2015 12:35:42 AM
From: Wharf Rat	Read Replies (1) \| Respond to of 149319

It's socialism that keeps many in not-poverty. 'Social Security is, by Far, the Most Effective Anti-Poverty Program in the United States' Via Elise Gould at the EPI: ...While the United States is still slowly recovering from the worst recession since the Great Depression, fortunately this time around government safety net programs have been in place to keep more people from falling into poverty. The Supplemental Poverty Measure (SPM) shows the strength of the government to mitigate the incidence of poverty. As the figure below shows, Social Security is, by far, the most effective anti-poverty program in the United States. Without Social Security, an additional 8.3 percent of Americans, or over 25 million more people, would fall below the SPM poverty threshold. Refundable tax credits, such as the Earned Income Tax Credit, kept 2.5 percent, or nearly 8 million Americans above the SPM poverty threshold. Other programs such as SNAP (food stamps), unemployment insurance, Supplemental Security Income, and housing subsidies also have a significant impact on the ability of families to stay afloat. economistsview.typepad.com In order to fight poverty, one of the easiest and most effective things we can do is to expand our Social Security system. Social Security lifted 22 million Americans out of poverty in 2012, including one million children. Without Social Security, 44.1 percent of all Americans over the age of 65 would be living in poverty; with Social Security that rate is 8.9 percent. billmoyers.com

To: tejek who wrote (148448)	2/5/2015 9:39:52 PM
From: RetiredNow	Read Replies (2) \| Respond to of 149319

It's a sad day when Americans like you have no clue what free market capitalism even is and when the Chinese understand the mess we're in because of Keynesianism better than the Americans who made ourselves wealthy through capitalism. ----------- World heading for financial crisis worse than in 2008 — China’s Dagong rating agency head As ITAR TASS reports, "I believe we’ll have to face a new world financial crisis in the next few years. It is difficult to give the exact time but all the signs are present, such as the growing volume of debts and the unsteady development of the economies of the US, the EU, China and some other developing countries," he said, adding the situation is even worse than ahead of 2008." "The current crisis in Russia is caused by Western countries’ sanctions rather than internal factors. If we look at the US and the EU countries, their crises were caused by internal and not external factors," the president of China’s Dagong rating agency said. "As distinct from Russia, the scope of crediting in these countries exceeded the potential for the production of goods and created a bubble. This crisis was transmitted to the entire world through the policy of quantitative easing and the use of the printing press. All the countries had to pay for that," he said. A setback in the growth model focused on credit-based consumption may become a source of a new crisis, he said. "Developed countries, including the US and the EU, remain the main consumers. But these countries develop only if there is consumer demand while the main potential for this consumption is based on borrowings. The US, the EU and Japan are increasing consumption through growth in crediting, which poses a risk," he said. Some emerging market countries have also been increasing consumption through crediting in recent years and the global economy has been based on the model that promotes consumption through funds that will be earned in the future," the head of China’s Dagong rating agency said.