60 Minutes: "Day of Reckoning Has Arrived"

[Xicano]

Deregulation, trickle down economics, free trade agreements, out sourcing jobs, tax breaks for the rich, endless wars, a corporate owned government. All these conservative economic policies (which was suppose to be good for us) has resulted in so much wealth concentration that.....well, lets let the 60 minutes video illustrate what these greedy un-American rich assholes and their brain dead, knuckle dragging idiot teabagger/freeper minions have caused.

http://www.youtube.com/watch?v=nP3b0_fnPxQ


Question for you lurking idiotic reich-wingers: WTF do you dumb fucks got to say for your stupid fucking economic theories now? Compare the results of your fucking economic theories with the results of FDR policies. Of course I don't expect for your feeble little brains to cognize the mess our country is in is YOUR fault for being so fucking stupid.

Sorry everybody for my language, but, these teabaggers/freepers' actions enabling the theft of our country's wealth into the hands of a very few I think deserves nothing less.


:rant:

[dorkulon]

1. This thing is an infomercial for pension-theft.

Don't fall for it.

[Foo Fighter]

13. Yep.

It's called conditioning.

We've been hearing for years that SS is broke. They keep repeating that meme so that when they finally pull the rug out from under us, the masses will just accept it and move on. Same goes for the pension theft.

[ixion]

2. you know what is tragic and laughable? the teabaggers call this consolidation

"free enterprise"

Because, well, they're delusional.

[sendero]

6. I'm not sure aabout Tea Baggers..

.... but Libertarians definitely think so. Something is wrong with their minds, they don't work at all.

[kentuck]

3. I never heard anyone say the words, Tax increases", even once...

Just cut, cut, cut...

[me b zola]

17. And its what they want to cut is what slays me

Yeah, defense is the biggest, but there are so many other welfare programs for the ultra-wealthy. Why anybody accepts the talking point that cuts must come from the poor/regular people is beyond me. I beg anyone within hearing distance to not accept that frame. Yes, we do need to cut, but not from the social programs that help the 99%ers. Lets stop welfare for the ultra-wealthy.

[txlibdem]

4. Saddest part: our "Democratic" President is chiefest among the Trickle Downers

Now that he has done exactly what he said he would never do, extend the lavish tax cuts for the rich, there should be no doubt:

Our President is a center-right Republican, simply masquerading as a Democrat.

The country desperately needed a second FDR, but we got yet another Corporate apologist. Too bad for us.

[WinkyDink]

8. Praising Reagan and "celebrating the wealth" of S. Jobs is Republican?! How you talk!

;-)

[txlibdem]

9. When Pres. Obama praised Reagan I almost fell off my chair!

That is just one more reason for me to wish for a "real" Democrat to take the nomination in 2012. Let's face it, with all the bailouts for banks, the auto manufacturers, huge giveaways to businesses large and small, compared to the indifference of the Obama Administration to the wholesale (sometimes fraudulent) foreclosure of homes across America, you must come to the inescapable conclusion that our President is NOT a Democrat --Pres. Obama is a center-right Republican in Dems clothing.

He may have some of the social justice of a true Democrat but it's just a garnish. The real deep-down meat of Obama is a Trickle Down, let's give all the money to businesses and the rich, center-right Republican.

For the record, Reagan was the biggest traitor to this nation since Benedict Arnold. His tireless work to dismantle President Carter's plan to get America off of foreign oil will be seen as the greatest betrayal of the American people ever.

[formercia]

5. CBS has become a mouthpiece for the 'Kill the Government' crowd.

They want the states to sell off all of their assets, and guess who have the money to snatch them up at bargain prices?

When the States have to lease them back, they will be permanently in debt to the Oligarchs. So, where did they get the money to buy up State assets? Tax breaks.

The game was rigged years ago.

[WinkyDink]

7. Your language pales beside what should actually HAPPEN to those who have caused/enabled this.

[ooglymoogly]

10. Good onya...It is time for anger. nt

[taught_me_patience]

11. public pensions are ludicrous

They will have to be cut and replaced with 401k's.

[WCGreen]

12. No one talks about the fact many who work for state and local governments

work for less than those in the private sector. They use benefits to even out the discrepancies.

[WCGreen]

14. One more thing...

That expert that was all up in at it over the lack of current budget numbers from states shows just how little she really knows.

Wittney stated that the budget information for some states was dated in 2008. well since they are based on bi-annual budgets, that's about what should be expected.

If anyhing, they are 6 months behind and not 2 and a half years like she implies...

[HCE SuiGeneris]

15. K & R

[Skittles]

16. what do they say now?

they blame the meltdown on "entitlements" and insist on reform - and Obama buys into it

[B Calm]

18. Too late to recommend. . .

[Number_Six]

19. Tick, tick, tick...

It's interesting that the 60 Minutes soundtrack is a watch ticking: It is also the sound of a monetary timebomb about to explode:

-China and other nations are talking about dropping the USD as a reserve currency. That done, everything will leap in price anywhere from 20 to 70 percent overnight. We will have massive deflation, super inflation or about anything you could ask for and why? Too much of what we do is welded into imported doodads, that's why.

-Like Rome, parking that many troops around the empire, and attempting to pay for them by cutting taxes...is going to eventually backfire and hard. Oopsie! Bye-bye, American Empire!

-The idiotic practice of "fractional reserve banking", which worked for a time, is now running out of steam. It has been demonstrated mathematically, all the accumulated interest, whether for personal, business or other loans, including what The Gummint borrows...will reach a "Z" point where none of it can be repaid. It ain't just houses and credit cards, baby!

-40 some percent of the US's industry is...drum roll, please...finance! Yeah, baby! Borrow, borrow and borrow some more. And only less than 1 percent of the population makes an income from it. And this is a legit industry? This creates jobs?

It's going to be damned interesting to watch all the conservs, all the Raygunites, and all the phoney Dems cry like spanked babies when this bomb detonates. Our financial is a big, bad pyramid scam, and baby, when the bottom falls out? It ain't gonna be pretty around here.

[GreenTea]

20. Sickening asshole republican Grover Noquist calling for "states’ right to declare bankruptcy"

"A chorus of republicane pundits are calling for bankruptcy laws to be changed so that all 50 US state governments might have the chance to restructure their debts, an ability currently limited to corporations, municipal entities, and private citizens.

Karoli said that the conservative call to give states the power to declare bankruptcy is merely a new attempt to destroy public employee unions.

Public employee unions are historically allied with the Democratic Party; however, given the ease by which President Barack Obama froze pay for federal employees, the federal law banning state bankruptcies could be on the table.

From the Republican perspective, the fiscal crisis on the state level provides a golden opportunity to defund a key Democratic interest group," James Pethokoukis, the Money & Politics columnist for Reuters Breakingviews, wrote earlier this month".


http://www.rawstory.com/rs/2010/12/conservative-chorus-calling-for-states-right-to-declare-bankruptcy/