To congressional Republicans: How to reverse your Social Security ‘payroll Tax Cut’ train wreck

December 24, 2011 | sickoflibs

[stephenjohnbanker]

B U M P

[ding_dong_daddy_from_dumas]

It sure does look that way. I just don’t want folks in 2024 to misunderstand what took place here. If Romeny is nominated, we don’t deserve to win. He is the absolutely worst candidate. So was McCain. So was Dole.

I hope I am wrong, but....

[sickoflibs]

Thanks for playing devil’s advocate on this thread.

One key thing missing from many of the thoughts and ideas in the Republican echo chamber is how arguments will hold up in practice outside the echo chamber when put into real debate in front of voters/viewers moderated by the sometimes hostile MSM.

[Gilbo_3]

how arguments will hold up in practice outside the echo chamber when put into real debate in front of voters/viewers moderated by the sometimes hostile MSM.

silly SOL...the built-in and readily obvious boogey man is the 'media'...the libs can play hardball and the establishment rin-o-p can flail around with their hair on fire and claim that their ideas were torpedoed by those mean msm guys, when they *know* damn good and well that theyre gettin their cut of the loot...

what i cant understand is why the few decent people in DC arent able to grab a microphone and call out their treasonous brethren ??? prolly still holdin onto the Reagan 11th commandment and/or in fear of losing their foothold on the overthrow that they think they can muster...

[sickoflibs]

RE :”what i cant understand is why the few decent people in DC arent able to grab a microphone and call out their treasonous brethren ??? prolly still holdin onto the Reagan 11th commandment and/or in fear of losing their foothold on the overthrow that they think they can muster..”

Well I have noticed that many of those preaching the ‘Never be critical of any Republicans’ commandment are usually critical of, no vicious to, Republicans that they don't like themselves .

I avoid any commandments regarding those prostitutes in DC that use the words ‘never’ or ‘always’ because those that use them are usually full of crap.

[ding_dong_daddy_from_dumas]

Americans saving for their own retirement rather than having to beg the Obama type POTUS to tax the rich so they can get a few crumbs from SS in the future retirement.

Dumb and Dumber: "Those are IOUs, sir. They are just as good as money!"

[Liz]

REFERENCE Obama presided over the biggest political heist in US history. What the so-called "collapse" of the banking system wrought:

Behind The Real Size of the Bailout; A guide to the abbreviations, acronyms, and obscure programs that make up the $14 trillion federal bailout of Wall Street
SOURCE motherjones.com
Mon Dec. 21, 2009 12:23 PM PST

The price tag for the Wall Street bailout is often put at $700 billion—the size of the Troubled Assets Relief Program. But TARP is just the best known program in an array of more than 30 overseen by Treasury Department and Federal Reserve that have paid out or put aside money to bail out financial firms and inject money into the markets.

To get a sense of the size of the real $14 trillion bailout, see our chart at web site. Below, a guide to the pieces of the puzzle:

Treasury Department bailout programs
(Remember that Obama's Treasury Dept was controlled by his then-COS Rahm Emanuel---a G/S lobbyist in the WH)

Money Market Mutual Fund: In September 2008, the Treasury announced that it would insure the holdings of publicly offered money market mutual funds. According to the Special Inspector General for the Troubled Asset Relief Program (SIGTARP), these guarantees could have potentially cost the federal government more than $3 trillion [PDF].

Public-Private Investment Fund: This joint Treasury-Federal Reserve program bought toxic assets from banks and brokerages—as much as $5 billion of assets per firm. According to SIGTARP, the government's potential exposure from the PPIF is between $500 million and $1 trillion [PDF].

TARP: As part of the Troubled Asset Relief Program, the Treasury has made loans to or investments more than 750 banks and financial institutions. $650 billion has been paid out (not including HAMP; see below). As of December 21, 2009, $117.5 billion of that has been repaid.

Government-sponsored enterprise (GSE) stock purchase: The Treasury has bought $200 million in preferred stock from Fannie Mae and another $200 million from Freddie Mac [PDF] to show that they "will remain viable entities critical to the functioning of the housing and mortgage markets."

GSE mortgage-backed securities purchase: Under the Housing and Economic Recovery Act of 2008, the Treasury may buy mortgage-backed securities from Fannie Mae and Freddie Mac. According to SIGTARP, these purchases could cost as much as $314 billion ---SNIP---.

LONG READ---go to web site to read more and checkout the shocking charts.

SOURCE http://motherjones.com/politics/2009/12/behind-real-size-bailout

[Pan_Yans Wife]

BTTT

[sickoflibs]

Thanks :)