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Old 01-30-2019, 05:20 AM
Danny B Danny B is offline
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Join Date: Oct 2012
Location: L.A. Ca.
Posts: 4,442
Government money everywhere

"The largest employer in the world announced on Dec. 15 that it lost about $450 billion in fiscal 2006. Its auditor found that its financial statements were unreliable and that its controls were inadequate for the 10th straight year"
In 2006, David Walker, the comptroller General refused to certify that the U.S. budget was accurate.
http://www.washingtonpost.com/wp-dyn...122300653.html

"Secondly, we have governments who have directed that a percentage of pensions MUST be “conservative,” and that they EXCLUSIVELY own government bonds. Even the Social Security system is 100% invested in government bonds. While no OECD countries impose a ceiling on investment in government bonds, there are actually four countries applying minimum floors that require they own government debt. In Austria, for example, pension funds are required to invest at least 35% of their assets in mortgage bonds, government bonds, and euro denominated debentures. French pension funds must invest a minimum of 50% in EU government bonds. In Denmark, pension funds must invest a minimum of 60% of their portfolio in domestic debt."
https://www.armstrongeconomics.com/w...wn-govt-bonds/

Chinese investments most at risk from US sanctions against Venezuela

China opposes sanctions against Venezuela says US will be responsible for consequences
1/29 Huawei: China calls US charges ‘immoral’ as markets slide – Guardian

Making America great, one Chinese bankruptcy at a time.

"Today US
government spending typically averages a fifth to a quarter of GDP, and with ―transfer
payments‖ that add another ten percent or more. This transition is common among
―advanced‖ countries, with most of them operating with governments that are closer to fifty percent of the economy. Do those variables matter?"
cas.umkc.edu/.../Does%20Excessive%20Sovereign%20Debt%20Really%20Hur t%20G...

https://nypost.com/2018/09/22/next-c...ssion-experts/
During the current reprieve from the shutdown, GOV has taken the opportunity to charge up all the EBT cards with the money for February. No telling how long it will be shut down after the reprieve expires.
https://www.youtube.com/watch?v=NzspsovNvII


Young Texas girl figures it out

This was written by a 21 yr old female who gets it. It's her future she's worried about and this is how she feels about the social welfare big government state that she's being forced to live in!
These solutions are just common sense in her opinion.
This was in the Waco Tribune Herald, Waco , TX Nov 18, 2010


Put me in charge . . .


Put me in charge of food stamps. I'd get rid of Lone Star cards; no cash for Ding Dongs or Ho Ho's, just money for 50-pound bags of rice and beans, blocks of cheese and all the powdered milk you can haul away. If you want steak and frozen pizza, then get a job.


Put me in charge of Medicaid. The first thing I'd do is to get women Norplant birth control implants or tubal ligations. Then, we'll test recipients for drugs, alcohol, and nicotine and document all tattoos and piercings. If you want to reproduce or use drugs, alcohol, smoke or get tats and piercings, then get a job.


Put me in charge of government housing. Ever live in a military barracks?
You will maintain our property in a clean and good state of repair. Your "home" will be subject to inspections anytime and possessions will be inventoried. If you want a plasma TV or Xbox 360, then get a job and your own place.


In addition, you will either present a check stub from a job each week or you will report to a "government" job. It may be cleaning the roadways of trash, painting and repairing public housing, whatever we find for you. We will sell your 22 inch rims and low profile tires and your blasting stereo and speakers and put that money toward the "common good.."


Before you write that I've violated someone's rights, realize that all of the above is voluntary. If you want our money, accept our rules.. Before you say that this would be "demeaning" and ruin their "self esteem," consider that it wasn't that long ago that taking someone else's money for doing absolutely nothing was demeaning and lowered self esteem.


If we are expected to pay for other people's mistakes we should at least attempt to make them learn from their bad choices. The current system rewards them for continuing to make bad choices.


AND While you are on Gov't subsistence, you no longer can VOTE! Yes that is correct. For you to vote would be a conflict of interest. You will voluntarily remove yourself from voting while you are receiving a Gov't welfare check. If you want to vote, then get a job.
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