Over at the Washington Free Beacon they have an article titled “Wealth of Congressional Democrats Spikes Despite Income Inequality Agenda” that gave me a good laugh. They got the title wrong. The democrats in congress have not been able to increase their wealth despite their inequality agenda, but have done so percisely because of that agenda. Collectivism, especially this new soft facism – a marriage between the state and certain large entities in the corporate world that pay it homage and good money – that the left lives by, exists to enrich the political class that banks on the envy and greed of those amongst the masses that feel it is unfair others make or have more than they do just because these others worked hard or inherited money from others that worked hard.
Tag: Failure to grasp the damage government entiries do
MRC TV has a piece up about how the demise of Social Security is coming far earlier than even the worst case projections put it at, but then again, as the first commenter pointed out, one has to wonder if these new projections even take into account the impact of Obama’s new executive order that would allow millions of illegals that have not paid or paid a pittance to now suckle at the government’s teat.
I am putting my faith in what I will be able to save in my own 401(k) plan, and not counting on SS for a penny. I have known that by the time I could collect from that failed system it would likely be belly up or rigged to pay nothing of value. Of course, all my planning to not need SS might be for naught if these progressives, after they collapse the economy and break everything else in their campaign to redress the ills their policies cause, decide that raiding private accounts is justified – because of “social justice” or some other such catchy bullshit.
Let the good times roll!
The fucking crooks in DC, busy bankrupting this country as part of the plan of destroying it the current president’s administration has been on, printed over $1 trillion of new money to pay off debt obligations on money they borrowed:
The Daily Treasury Statement that was released Wednesday afternoon as Americans were preparing to celebrate Thanksgiving revealed that the U.S. Treasury has been forced to issue $1,040,965,000,000 in new debt since fiscal 2015 started just eight weeks ago in order to raise the money to pay off Treasury securities that were maturing and to cover new deficit spending by the government.
During those eight weeks, Treasury took in $341,591,000,000 in revenues. That was a record for the period between Oct. 1 and Nov. 25. But that record $341,591,000,000 in revenues was not enough to finance ongoing government spending let alone pay off old debt that matured. The Treasury also drew down its cash balance by $45.057 billion during the period, starting with $126,568,000,000 in cash and ending with $81,511,000,000.
The only way the Treasury could handle the $942,103,000,000 in old debt that matured during the period plus finance the new deficit spending the government engaged in was to roll over the old debt into new debt and issue enough additional new debt to cover the new deficit spending.
This mode of financing the federal government resembles what the Securities and Exchange Commission calls a Ponzi scheme. “A Ponzi scheme,” says the Securities and Exchange Commission, “is an investment fraud that involves the payment of purported returns to existing investors from funds contributed by new investors,” says the Securities and Exchange Commission.
“With little or no legitimate earnings, the schemes require a consistent flow of money from new investors to continue,” explains the SEC. “Ponzi schemes tend to collapse when it becomes difficult to recruit new investors or when a large number of investors ask to cash out.”
If you or I, or for that matter any private entity tries to pay off its debts in this way, we will end up in jail. The government however keeps pretending money grows on trees so the political elite can keep their vote buying schemes and scams going long past the expiration date. And their mouth pieces in the LSM just go along because of Black Jesus and their allegiance to donkey dick. Socialism as practiced by the progressives is the bane of humanity and the harbinger of real dark times. Mark my words, but look at what many of them are doing.
Just yesterday, because my company announced changes to our benefit enrollment plans and opened up enrollment this week, I was having a discussion with a hard core lefty and Obama supporter about the fact that the costs have yet again gone up, the plan offerings have gone down, and providers have yet again been restricted. In addition to now making every employee with healthcare that has a spouse with access to her own plan (from their employer) basically pay a fine, one that amounts to the difference of having a spouse pay for her own plan, they jacked up premiums by 12% (after similar jumps for the past 3 years), widened the various plan’s donuts (that portion you have to pay before the plan kicks in again) by anywhere from 10-25%, and jacked up copays. So here is this Obamacare supporting supposedly educated moron, complaining about how he now had to pay more to cover his spouse, at the same time as his plan’s rates went up, his donut had widened, and his copays had been jacked, and worse yet, his doctor no longer was on the plan for some reason, and then blaming it, of all things, on the insurance company he used. Blah blah blah – bad insurance company! I lost it
Despite the writing being on the wall for years now and the whole fiasco of a government healthcare takeover hitting him smack between the eyes, he doesn’t get it. We have had countless articles like this one, showing how Obamacare was going to wreck the industry, cost all of us more, provide less quality care, restrict access, and most importantly, going to end up being used by petty bureaucrats of the usual liberal variety as a tool to subjugate those pesky and ungrateful serfs. Anyway, when I pointed out that the fault lay with the idiotic law, and cornered him with the facts to prove so, he did what all liberals do: a double take, and then returned to the talking point that they always use which is how evil insurance companies screw people over, so government was the only entity able to do the right thing for the people. That’s when I asked him if he was putting his faith in that government which is responsible for idiotic things like this or this, and pointed out that other examples are in abundance of stupidity and pain that makes whatever the insurance companies do, even when they engage in it out of malfeasance, look tame.
I basically pointed out to him that the difference between progressives, or whatever they call themselves these days, and people like me amounts to progressives being willing to bend over, grabbing their ankles, and letting the usual suspects ass rape them, over and over again, all so they could stay true to the cause. No matter how blatant the lies or how outrageous the bullshit, the progressives stick to the “social justice” nonsense and ignore reality. That was the end of the conversation. And that was simply because he didn’t like the pillars of his faith challenged. Liberalism is a mental disorder, and one that causes a lot of harm, I tell you. In the mean time we all get to suffer and pay more for it, because of these idiots.