Socialism for the rich

[WTF]

Originally Posted by WTF

I have one important question for you...if SS and Medicare have so far paid for themselves. You do agree that our current debt is not the result of either of those programs right?

You're not that ignorat right?

There is nobody in the world who thinks that.

Here is the important question


What has been the biggest driver of of the current 22 Trillion dollar deficit?

You can not blame SS or Medicare. Remember that.

And here is a simple fix for SS...which stoll does not address the Defense deficit spending
https://www.fool.com/retirement/2018...d-fix-soc.aspx

bb1961....can you answer wtf the biggest driver of the 22 Trillion dollar debt has been?

Most know it hasn't been SS or Medicare.

Do you have any idea what the biggest department is the biggest spender on the discretionary side of our tax model?

[adav8s28]

Originally Posted by WTF

Trump offers socialism for the rich, capitalism for everyone else

In the conservative mind, socialism means getting something for doing nothing. That pretty much describes the $21bn saved by the nation’s largest banks last year thanks to Trump’s tax cuts, some of which went into massive bonuses for bank executives. On the other hand, more than 4,000 lower-level bank employees got a big dose of harsh capitalism. They lost their jobs.
Banks that are too big to fail – courtesy of the 2008 bank bailout – enjoy a hidden subsidy of some $83bn a year, because creditors facing less risk accept lower interest on deposits and loans. Last year, Wall Street’s bonus pool was $31.4bn. Take away the hidden subsidy and the bonus pool disappears.

Republicans don't have a problem when the government gives a subsidy to the private sector, they consider that to be capitalism. When the government gives a subsidy to people then its either socialism or communism.

[WTF]

Originally Posted by adav8s28

Republicans don't have a problem when the government gives a subsidy to the private sector, they consider that to be capitalism. When the government gives a subsidy to people then its either socialism or communism.

They blame SS and Medicare as the driver of debt but can not explain how we have come to this 22 trillion dollar debt with both programs in the black!