Showing posts with label Wall Street. Show all posts
Showing posts with label Wall Street. Show all posts
5/26/16
11/21/13
How the GOP Is Literally Killing Its Voters | Alternet
How the GOP Is Literally Killing Its Voters | Alternet
"In the past, there were many Republicans who saw the value of having a social safety net. Today’s Tea Party Republicans, however, believe in assaulting the poor and the middle class at every turn—and the older whites who vote for them are not exempt. Between butchering the food stamp program, opposing healthcare reform, trying to turn Social Security over to the whims of Wall Street, and going out of their way to eliminate what’s left of the New Deal, modern-day Republicans are no friends of older Americans—including their older white male rural base."
"In the past, there were many Republicans who saw the value of having a social safety net. Today’s Tea Party Republicans, however, believe in assaulting the poor and the middle class at every turn—and the older whites who vote for them are not exempt. Between butchering the food stamp program, opposing healthcare reform, trying to turn Social Security over to the whims of Wall Street, and going out of their way to eliminate what’s left of the New Deal, modern-day Republicans are no friends of older Americans—including their older white male rural base."
10/21/13
6 Reasons Privatization Often Ends in Disaster | Alternet
6 Reasons Privatization Often Ends in Disaster | Alternet
"But the privatizers keep encroaching on the public sector. Our government reimburses the CEOs of private contractors at a rate approximately double what we pay the President. Overall, we pay the corporate bosses over $7 billion a year.
"But the privatizers keep encroaching on the public sector. Our government reimburses the CEOs of private contractors at a rate approximately double what we pay the President. Overall, we pay the corporate bosses over $7 billion a year.
Many Americans don't realize that the privatization of Social Security and Medicare would transfer much of our money to yet another group of CEOs."
10/17/13
Health Care Hypocrisy | Common Dreams
Health Care Hypocrisy | Common Dreams
"While going to extremes to keep millions of Americans from getting vitally needed health coverage, Cruz repeatedly refused to answer whether taxpayers covered his health care. Finally, he piously responded that he was eligible for taxpayer coverage, but had nobly declined.
Such slapstick! It turns out that Ted was fibbing, for he’s covered by his wife’s policy. As a millionaire top executive at Goldman Sachs, she and her family are given gold-plated Cadillac coverage by the Wall Street giant. Goldman pays some $40,000 a year for her and Ted’s policy — a benefit-cost that the firm passes on to us taxpayers by deducting it from its corporate tax bill. Hilarious, huh?"
"While going to extremes to keep millions of Americans from getting vitally needed health coverage, Cruz repeatedly refused to answer whether taxpayers covered his health care. Finally, he piously responded that he was eligible for taxpayer coverage, but had nobly declined.
Such slapstick! It turns out that Ted was fibbing, for he’s covered by his wife’s policy. As a millionaire top executive at Goldman Sachs, she and her family are given gold-plated Cadillac coverage by the Wall Street giant. Goldman pays some $40,000 a year for her and Ted’s policy — a benefit-cost that the firm passes on to us taxpayers by deducting it from its corporate tax bill. Hilarious, huh?"
A Simple Reform Could Save America From Wall Street and Boost the Economy: What’s Washington Waiting For? | Alternet
A Simple Reform Could Save America From Wall Street and Boost the Economy: What’s Washington Waiting For? | Alternet
"Financiers have been getting a free ride for too long. Let's make them pay their share instead of robbing seniors."
"Financiers have been getting a free ride for too long. Let's make them pay their share instead of robbing seniors."
10/16/13
Paul Ryan's Peddling a 'Shock Doctrine' Cure | Common Dreams
Paul Ryan's Peddling a 'Shock Doctrine' Cure | Common Dreams
"If you are looking for certainties in American politics, count on this one: If a crisis of governing develops, the advocates for cutting Social Security, Medicare and Medicaid will arrive with a plan to resolve the standoff by balancing budgets on the backs of America’s most vulnerable citizens.
Cue Paul Ryan.
The House Budget Committee chairman, a Republican from Janesville, has for the better part of a decade been the most determined advocate on Capitol Hill for the Wall Street agenda that says earned-benefit programs should be reshaped as investment vehicles and voucher schemes that will benefit brokers and the health insurance industry."
"If you are looking for certainties in American politics, count on this one: If a crisis of governing develops, the advocates for cutting Social Security, Medicare and Medicaid will arrive with a plan to resolve the standoff by balancing budgets on the backs of America’s most vulnerable citizens.
Cue Paul Ryan.
The House Budget Committee chairman, a Republican from Janesville, has for the better part of a decade been the most determined advocate on Capitol Hill for the Wall Street agenda that says earned-benefit programs should be reshaped as investment vehicles and voucher schemes that will benefit brokers and the health insurance industry."
8/14/13
Pension Advance Companies Are Another Scam To Steal Our Future
Pension Advance Companies Are Another Scam To Steal Our Future
"Aggressive marketers are targeting seniors' pensions for their next effort to strip away what little they might have in the way of assets. As if it weren't bad enough that conservatives have found ways to destroy pensions during the working years, now their Wall Street pals are working hard to steal your pension payments after they begin."
"Aggressive marketers are targeting seniors' pensions for their next effort to strip away what little they might have in the way of assets. As if it weren't bad enough that conservatives have found ways to destroy pensions during the working years, now their Wall Street pals are working hard to steal your pension payments after they begin."
7/31/13
Bombshell: Plutocrats Brazenly Collude to Hurt State Economies and Screw Working People | Alternet
Bombshell: Plutocrats Brazenly Collude to Hurt State Economies and Screw Working People | Alternet
"Illinois fatcats discuss plan to sabotage state bond ratings in scheme to destroy pensions."
"Illinois fatcats discuss plan to sabotage state bond ratings in scheme to destroy pensions."
6/21/13
The U.S. Chamber of Commerce Launches A New Attempt To Kill Social Security
www.politicususa.com/2013/06/21/u-s-chamber-commerce-launches-attempt-kill-social-security.html
"It is a sad commentary indeed, that the people who built America and contributed to the obscene wealth Wall Street, banks, and corporate giants conceal offshore are facing a prospect of working until they drop dead. Republicans are attempting to cut Social Security, Medicare, Medicaid, SNAP, and any program for the people at the behest of America’s real leaders; ALEC, Wall Street, and the U.S. Chamber of Commerce, and to ensure the government lacks funds to maintain, let alone strengthen, those programs, they are keeping wages low, jobs scarce, and given the opportunity, will raise taxes on those least able to subsist in the Republican economy."
"It is a sad commentary indeed, that the people who built America and contributed to the obscene wealth Wall Street, banks, and corporate giants conceal offshore are facing a prospect of working until they drop dead. Republicans are attempting to cut Social Security, Medicare, Medicaid, SNAP, and any program for the people at the behest of America’s real leaders; ALEC, Wall Street, and the U.S. Chamber of Commerce, and to ensure the government lacks funds to maintain, let alone strengthen, those programs, they are keeping wages low, jobs scarce, and given the opportunity, will raise taxes on those least able to subsist in the Republican economy."
6/18/13
Celebrate the Defeat of the Granny Bashers! Billionaire-backed Campaign Fails to Cut Social Security and Medicare | Alternet
Celebrate the Defeat of the Granny Bashers! Billionaire-backed Campaign Fails to Cut Social Security and Medicare | Alternet
"Just to remind everyone, the Campaign to Fix the Debt (CFD) is yet another Peter Peterson-inspired initiative that has as its main goal cutting and/or privatizing Social Security and Medicare. Peterson has used the billions of dollars he earned as a Wall Street investment banker and private equity fund manager to finance a whole slew of Washington-based outfits for this purpose over the last two decades."
"Just to remind everyone, the Campaign to Fix the Debt (CFD) is yet another Peter Peterson-inspired initiative that has as its main goal cutting and/or privatizing Social Security and Medicare. Peterson has used the billions of dollars he earned as a Wall Street investment banker and private equity fund manager to finance a whole slew of Washington-based outfits for this purpose over the last two decades."
5/30/13
Nearly Zero Percent Savings Interest Rates Are Forcing Seniors to Ration for Survival, While Wall Street Investors Are Making Record Profits
Nearly Zero Percent Savings Interest Rates Are Forcing Seniors to Ration for Survival, While Wall Street Investors Are Making Record Profits
"The continual cries of "austerity" by the wealthy integrally relate to this tale of two economies, because there is no austerity being imposed on the wealthy: it's like the 1920's all over again for them.
"The continual cries of "austerity" by the wealthy integrally relate to this tale of two economies, because there is no austerity being imposed on the wealthy: it's like the 1920's all over again for them.
However, seniors and the working class are being squeezed by cuts in benefits, pay, and the inability to earn interest of any meaningful size on money that they saved for retirement.For most Americans, they have been living in austerity for years now.
It's time to see some austerity imposed upon the 1 percent.
Far too many of the rest of us are already "austeritied" to rationing for survival."
3/15/13
What's Not to Like? It Raises Needed Revenues and Curbs the Beasts of Wall Street | Common Dreams
What's Not to Like? It Raises Needed Revenues and Curbs the Beasts of Wall Street | Common Dreams
"Let’s get one thing straight: The United States doesn’t have a public debt problem. Net interest payments on the federal public debt are less than 1 percent of GDP [PDF], which is about as low as they have been in the post-World War II era. In the long run, projected debt problems are a result of rising health care costs – driven by the private sector – and would disappear if we were to reduce these costs to the level of other high-income countries."
"Let’s get one thing straight: The United States doesn’t have a public debt problem. Net interest payments on the federal public debt are less than 1 percent of GDP [PDF], which is about as low as they have been in the post-World War II era. In the long run, projected debt problems are a result of rising health care costs – driven by the private sector – and would disappear if we were to reduce these costs to the level of other high-income countries."
2/26/13
Meet the Wall Street Billionaire Obsessed With Looting Social Security | Alternet
Meet the Wall Street Billionaire Obsessed With Looting Social Security | Alternet
"Now Peterson wants to loot Social Security. For decades he has warned of a “Pearl Harbor scenario” in which spending on Social Security and Medicare causes an epic economic meltdown. Fix the Debt is only his latest project pushing the message that the deficit poses a “catastrophic threat,” and the media have been content to echo his warnings. But people should know better than to be frightened by this chorus of calamity. Peterson is no master of prediction when it comes to economic crises. When an actual threat to the economy—the $8 trillion housing bubble—loomed ominously overhead, Peterson said nothing, even as credit markets froze, subprime lenders filed for bankruptcy and economists like Dean Baker shouted from the rooftops."
"Now Peterson wants to loot Social Security. For decades he has warned of a “Pearl Harbor scenario” in which spending on Social Security and Medicare causes an epic economic meltdown. Fix the Debt is only his latest project pushing the message that the deficit poses a “catastrophic threat,” and the media have been content to echo his warnings. But people should know better than to be frightened by this chorus of calamity. Peterson is no master of prediction when it comes to economic crises. When an actual threat to the economy—the $8 trillion housing bubble—loomed ominously overhead, Peterson said nothing, even as credit markets froze, subprime lenders filed for bankruptcy and economists like Dean Baker shouted from the rooftops."
2/19/13
Wall Street’s Misdeeds Cost Trillions, But It’s Main Street Who’s Getting Nickel-and-Dimed | Common Dreams
Wall Street’s Misdeeds Cost Trillions, But It’s Main Street Who’s Getting Nickel-and-Dimed | Common Dreams
"And as Washington argues about whether it should spend millions to save Main Street’s resiidents trillions, both parties are reportedly open to a budget agreement that would cut $130 billion in Social Security benefits for the elderly and disabled over the next ten years (according to White House estimates). In Washington that’s an acceptable “buy-partisan” solution.
"And as Washington argues about whether it should spend millions to save Main Street’s resiidents trillions, both parties are reportedly open to a budget agreement that would cut $130 billion in Social Security benefits for the elderly and disabled over the next ten years (according to White House estimates). In Washington that’s an acceptable “buy-partisan” solution.
But, especially for the Republicans, it isn’t acceptable to ask the bankers who cost Americans trillions of dollars – and walked away wealthy – to spend millions to prevent another trillion-dollar crisis."
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