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Inflation Red Pills the Youth
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Todor Offline
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Post: #41
RE: Inflation Red Pills the Youth
One reason an increasing number of people hate AARP. It advocates for the baby boomers as if nothing in the world has change, preaches about their entitlements, and basically tells everyone else to F off because they are all owed.

Reform social security? Make it sustainable? Not while that generation is alive. They basically agree it will be bankrupt and gone for future generations, and that’s OK because they are all an exception.
08-18-2022 11:44 AM
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MileHighBronco Offline
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Post: #42
RE: Inflation Red Pills the Youth
Well, there is also the fact that AARP pushes leftwing legislation which lead to an alternate organization being established that tries to be non-partisan.

I belong to neither.

It is interesting to watch my generation get blamed for all the stuff that happened while most of us were just trying to live our lives, raise families and get along. Ask any regular person on the street why didn't you stop this or that government policy. The response you will get may be something like, can YOU stop the government from doing or not doing something? REALLY? You can vote, but that is all. If you have two lousy choices, how is it your fault when things go FUBAR?

Some day, B2B will find his generation get blamed for something when he had nothing to do with whatever the grievance is. Lazy thinking, trying to blame others for stuff that happened while he was just trying to live his life to the best of his ability. But it happened while his generation was in power!! And?.........
08-18-2022 12:35 PM
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stinkfist Offline
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Post: #43
RE: Inflation Red Pills the Youth
(08-17-2022 04:28 PM)MileHighBronco Wrote:  I believe I heard either Trump or his son refer to it as The Inflation Expansion Act which seems more accurate.

I simply coined it as 'the great wealth siphon'...

either/or/any still apply ... again, it was inevitable based on raw #s....

@ripe4raping
08-18-2022 01:21 PM
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b2b Offline
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Post: #44
RE: Inflation Red Pills the Youth
(08-18-2022 11:44 AM)Todor Wrote:  One reason an increasing number of people hate AARP. It advocates for the baby boomers as if nothing in the world has change, preaches about their entitlements, and basically tells everyone else to F off because they are all owed.

Reform social security? Make it sustainable? Not while that generation is alive. They basically agree it will be bankrupt and gone for future generations, and that’s OK because they are all an exception.

04-cheers everyone's exceptional... no wonder so many of their children think the same way.
(This post was last modified: 08-18-2022 01:43 PM by b2b.)
08-18-2022 01:43 PM
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Fo Shizzle Offline
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Post: #45
RE: Inflation Red Pills the Youth
(08-18-2022 12:35 PM)MileHighBronco Wrote:  Well, there is also the fact that AARP pushes leftwing legislation which lead to an alternate organization being established that tries to be non-partisan.

I belong to neither.

It is interesting to watch my generation get blamed for all the stuff that happened while most of us were just trying to live our lives, raise families and get along. Ask any regular person on the street why didn't you stop this or that government policy. The response you will get may be something like, can YOU stop the government from doing or not doing something? REALLY? You can vote, but that is all. If you have two lousy choices, how is it your fault when things go FUBAR?

Some day, B2B will find his generation get blamed for something when he had nothing to do with whatever the grievance is. Lazy thinking, trying to blame others for stuff that happened while he was just trying to live his life to the best of his ability. But it happened while his generation was in power!! And?.........

Well said. All this Monday AM quarterbacking is unproductive and fails to even address the issues. It's just casting blame without offering any solutions. Term limits on those in power and total end to income taxes shifting to a consumption tax paradigm might be a good start. When career politicians can borrow against the fruits of your FUTURE labor and reach into your pocket and confiscate it...You have the root of most of our REAL problems.
08-18-2022 02:02 PM
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Fo Shizzle Offline
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Post: #46
RE: Inflation Red Pills the Youth
(08-18-2022 11:44 AM)Todor Wrote:  One reason an increasing number of people hate AARP. It advocates for the baby boomers as if nothing in the world has change, preaches about their entitlements, and basically tells everyone else to F off because they are all owed.

Reform social security? Make it sustainable? Not while that generation is alive. They basically agree it will be bankrupt and gone for future generations, and that’s OK because they are all an exception.

I don't believe for an instant SS will ever go broke although I actually wish it would. That would FINALLY force politicians to slash wasteful spending and REPAY what they stole from the SS trust fund. Mark it down. SS will NEVER be allowed to go bankrupt. It's the sacred cow of both gangs. They will do whatever is necessary to keep it funded. For the record. I'm not a member of ANY political organization...including AARP.

To be fair...AARP membership starts at age 50. Those are not baby boomers today.
(This post was last modified: 08-18-2022 02:12 PM by Fo Shizzle.)
08-18-2022 02:10 PM
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Native Georgian Offline
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Post: #47
RE: Inflation Red Pills the Youth
(08-18-2022 02:10 PM)Fo Shizzle Wrote:  Mark it down. SS will NEVER be allowed to go bankrupt. It's the sacred cow of both gangs. They will do whatever is necessary to keep it funded.
That’s true, so far as it goes, but it doesn’t mean that the “benefits” will have the same value (or anything close to it) as the taxes you paid into the system when you were working.
08-18-2022 02:18 PM
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Fo Shizzle Offline
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Post: #48
RE: Inflation Red Pills the Youth
(08-18-2022 02:18 PM)Native Georgian Wrote:  
(08-18-2022 02:10 PM)Fo Shizzle Wrote:  Mark it down. SS will NEVER be allowed to go bankrupt. It's the sacred cow of both gangs. They will do whatever is necessary to keep it funded.
That’s true, so far as it goes, but it doesn’t mean that the “benefits” will have the same value (or anything close to it) as the taxes you paid into the system when you were working.

Young people should be allowed to invest a portion of the money that is confiscated from them that props up this Ponzi scheme. One of the big problems coming is lack of workers to prop it up. We are going to at some point move into negative population growth and that kills this Ponzi scheme.
08-18-2022 02:24 PM
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natibeast2.0 Offline
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Post: #49
RE: Inflation Red Pills the Youth
(08-18-2022 02:24 PM)Fo Shizzle Wrote:  
(08-18-2022 02:18 PM)Native Georgian Wrote:  
(08-18-2022 02:10 PM)Fo Shizzle Wrote:  Mark it down. SS will NEVER be allowed to go bankrupt. It's the sacred cow of both gangs. They will do whatever is necessary to keep it funded.
That’s true, so far as it goes, but it doesn’t mean that the “benefits” will have the same value (or anything close to it) as the taxes you paid into the system when you were working.

Young people should be allowed to invest a portion of the money that is confiscated from them that props up this Ponzi scheme. One of the big problems coming is lack of workers to prop it up. We are going to at some point move into negative population growth and that kills this Ponzi scheme.

And that's why I can't stand liberals. What the F does that mean in reality/practicality besides so called classical lib wishful thinking that gets no one anywhere.

If you want to discuss problems fine but don't give bs resolutions that are impossible to implement to feel good about yourself

This was one of the better threads until...
08-18-2022 02:33 PM
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JMUDunk Offline
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Post: #50
RE: Inflation Red Pills the Youth
(08-18-2022 11:41 AM)Fo Shizzle Wrote:  
(08-18-2022 11:15 AM)stinkfist Wrote:  
(08-18-2022 11:10 AM)Fo Shizzle Wrote:  
(08-18-2022 10:41 AM)stinkfist Wrote:  
(08-18-2022 10:32 AM)Fo Shizzle Wrote:  I don't blame my parents for ANY of my MANY shortcomings. It's called being an adult. I have very little tolerance for people that can't find a way to be one.


Stop. Making. It. About. You.

Stop making about others. Make it about you. Therein lies the real problem imho. In other words...Grow the fck up and deal. Life ain't easy. Never has been for the vast majority of us. 07-coffee3

I'm not going there with you, sir ... b/c this discussion isn't about me.

#capiche

My comment was not directed at you. Just advice for those that want to blame others for their problems. I had a pretty crappy childhood. Ive long ago put that aside and moved on with my life. I suggest others do the same if they want to succeed in the future. Of course...being unhappy seems to be in vogue now.

This entire thread and nothing more true than this ^^^. My daughter is fortunately coming out of this (slowly) and was generally a pretty happy kid.
Til she got around her friends. Then it was the biggest Woe is me-fest anyone could imagine. We always did something kinda "big" for birthdays, not nec. expensive, but we'd do cookouts for 15-20 friends and teamates, that kind of thing.

They would b!tch and moan non-stop about every aspect of their lives. I don't have this, ALL my teachers suck and are stupid, I even heard "I didn't ask to be born" more than several times.

For this, I blame social media and the gadgets. Ergo, Steve Jobs and weirdo Gates. Ergo, I too blame the boomers.


04-cheers
08-18-2022 02:45 PM
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olliebaba Offline
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Post: #51
RE: Inflation Red Pills the Youth
One way to stop SS is to put a cap on who gets benefits by stopping the taking of SS from our paychecks. Wait for how many oldsters who contributed every week to this benefit to die off. Stop taking it from people's paychecks at this point where they are awaiting what they put in. Why do you think they upped the age that one can get this benefit. Sure, they gave you the option of getting it at 62 and then they upped it to 65 and as far as I know they want to up it to 70. Fine, give that option but don't take it away from those who contributed and stop giving it to those who didn't give out a cent. Now the Demons want to give it to illegals. Do any Demons ever think?
08-18-2022 03:06 PM
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stinkfist Offline
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Post: #52
RE: Inflation Red Pills the Youth
all is well ... their 36 yr. old PM and the finnish are having a blast...





#AOCworth-isms
08-18-2022 03:21 PM
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Fo Shizzle Offline
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Post: #53
RE: Inflation Red Pills the Youth
(08-18-2022 02:33 PM)natibeast2.0 Wrote:  
(08-18-2022 02:24 PM)Fo Shizzle Wrote:  
(08-18-2022 02:18 PM)Native Georgian Wrote:  
(08-18-2022 02:10 PM)Fo Shizzle Wrote:  Mark it down. SS will NEVER be allowed to go bankrupt. It's the sacred cow of both gangs. They will do whatever is necessary to keep it funded.
That’s true, so far as it goes, but it doesn’t mean that the “benefits” will have the same value (or anything close to it) as the taxes you paid into the system when you were working.

Young people should be allowed to invest a portion of the money that is confiscated from them that props up this Ponzi scheme. One of the big problems coming is lack of workers to prop it up. We are going to at some point move into negative population growth and that kills this Ponzi scheme.

And that's why I can't stand liberals. What the F does that mean in reality/practicality besides so called classical lib wishful thinking that gets no one anywhere.

If you want to discuss problems fine but don't give bs resolutions that are impossible to implement to feel good about yourself

This was one of the better threads until...

Exactly why is that idea(which is not new...Bush pushed for it) so unrealistic? Why is letting young people be able to invest a portion into something that actually might get a decent ROI. SS is a fcking joke in regard to its ROI and we all know it.

Evidently you hated Barry Goldwater and Ronald Regan...both of which were "Classical Liberals" in every sense of the description. Id hardly say the things they stood for and policies they fought for were wishful thinking...but...you carry on pal.07-coffee3
08-18-2022 04:23 PM
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Todor Offline
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Post: #54
RE: Inflation Red Pills the Youth
(08-18-2022 03:21 PM)stinkfist Wrote:  all is well ... their 36 yr. old PM and the finnish are having a blast...





#AOCworth-isms

She’s partying as if Nokia is still a thing…
08-18-2022 04:25 PM
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Fo Shizzle Offline
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RE: Inflation Red Pills the Youth
(08-18-2022 03:06 PM)olliebaba Wrote:  One way to stop SS is to put a cap on who gets benefits by stopping the taking of SS from our paychecks. Wait for how many oldsters who contributed every week to this benefit to die off. Stop taking it from people's paychecks at this point where they are awaiting what they put in. Why do you think they upped the age that one can get this benefit. Sure, they gave you the option of getting it at 62 and then they upped it to 65 and as far as I know they want to up it to 70. Fine, give that option but don't take it away from those who contributed and stop giving it to those who didn't give out a cent. Now the Demons want to give it to illegals. Do any Demons ever think?

There is no doubt that SS has expanded way beyond its original scope. It was not meant to be ones sole source of income. Way too many hands are now in the cookie jar that should not be. Its also been poorly managed and its ROI is incredibly low. Just a bit of forethought decades ago would have it in much better shape with a better ROI. All it does now is take from one worker and give it to a retiree. Eventually its going to implode upon itself due to people not having children that replace those retirees. At some point those in power will have to figure out how to fund it. Its not going away. Maybe just less money being spent on "Nation Building".
08-18-2022 04:33 PM
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MileHighBronco Offline
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Post: #56
RE: Inflation Red Pills the Youth
SS was set up as a government ponzi scheme. Only problem is that when it was set up, the # of workers contributing was far more than those receiving funds. IIRC it was something like 3:1 or 4:1. Now, there are far fewer workers paying in, which is when a ponzi scheme collapses.

Only this one has government backing. Oh, and as many have said over time, there is no SS fund. It all goes into the general fund. No lockbox.

I knew this 30 years ago and am amazed that SS is still around.
08-18-2022 04:41 PM
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stinkfist Offline
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Post: #57
RE: Inflation Red Pills the Youth
(08-18-2022 04:41 PM)MileHighBronco Wrote:  SS was set up as a government ponzi scheme. Only problem is that when it was set up, the # of workers contributing was far more than those receiving funds. IIRC it was something like 3:1 or 4:1. Now, there are far fewer workers paying in, which is when a ponzi scheme collapses.

Only this one has government backing. Oh, and as many have said over time, there is no SS fund. It all goes into the general fund. No lockbox.

I knew this 30 years ago and am amazed that SS is still around.

hence, "boomers in #s" ... we were making wry fonzies of this bs back in HS ................. in the 'sip of all fk'n places .... chew on that for a brief moment....

addendum: don't kid yourself .... your 401k /roth is on deck...
(This post was last modified: 08-18-2022 04:45 PM by stinkfist.)
08-18-2022 04:44 PM
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JRsec Offline
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Post: #58
RE: Inflation Red Pills the Youth
(08-18-2022 04:33 PM)Fo Shizzle Wrote:  
(08-18-2022 03:06 PM)olliebaba Wrote:  One way to stop SS is to put a cap on who gets benefits by stopping the taking of SS from our paychecks. Wait for how many oldsters who contributed every week to this benefit to die off. Stop taking it from people's paychecks at this point where they are awaiting what they put in. Why do you think they upped the age that one can get this benefit. Sure, they gave you the option of getting it at 62 and then they upped it to 65 and as far as I know they want to up it to 70. Fine, give that option but don't take it away from those who contributed and stop giving it to those who didn't give out a cent. Now the Demons want to give it to illegals. Do any Demons ever think?

There is no doubt that SS has expanded way beyond its original scope. It was not meant to be ones sole source of income. Way too many hands are now in the cookie jar that should not be. Its also been poorly managed and its ROI is incredibly low. Just a bit of forethought decades ago would have it in much better shape with a better ROI. All it does now is take from one worker and give it to a retiree. Eventually its going to implode upon itself due to people not having children that replace those retirees. At some point those in power will have to figure out how to fund it. Its not going away. Maybe just less money being spent on "Nation Building".

A little more history is necessary here:

SSI was a Nationally sponsored mandatory "Savings Plan" which was full vested and deemed untouchable until Lyndon Johnson sponsored "The Great Society" program and borrowed from SSI funds to finance it. IOW, he robbed the elderly to pay for inner city giveaway programs, and he did so at the behest of FED backers who realized that the United States could one day kick them to the curb if SSI remained untouchable and therefore a NET asset against deficit spending which could keep the FED from gaining power. Since then, stealing from the taxpayers to buy voting blocs has been a standard for stealing more from the middle class in taxes.

It is another reason whiny nanny staters are hypocritical for blaming Boomers. Boomers mostly paid student loans. The nanny staters want them written off. That means they want freebies and biatch about SSI in the same breath. One the old people paid into. The other is what the young borrowed without expectation of repaying. You tell me who the free loaders are?
08-18-2022 04:49 PM
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stinkfist Offline
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Post: #59
RE: Inflation Red Pills the Youth
(08-18-2022 04:49 PM)JRsec Wrote:  
(08-18-2022 04:33 PM)Fo Shizzle Wrote:  
(08-18-2022 03:06 PM)olliebaba Wrote:  One way to stop SS is to put a cap on who gets benefits by stopping the taking of SS from our paychecks. Wait for how many oldsters who contributed every week to this benefit to die off. Stop taking it from people's paychecks at this point where they are awaiting what they put in. Why do you think they upped the age that one can get this benefit. Sure, they gave you the option of getting it at 62 and then they upped it to 65 and as far as I know they want to up it to 70. Fine, give that option but don't take it away from those who contributed and stop giving it to those who didn't give out a cent. Now the Demons want to give it to illegals. Do any Demons ever think?

There is no doubt that SS has expanded way beyond its original scope. It was not meant to be ones sole source of income. Way too many hands are now in the cookie jar that should not be. Its also been poorly managed and its ROI is incredibly low. Just a bit of forethought decades ago would have it in much better shape with a better ROI. All it does now is take from one worker and give it to a retiree. Eventually its going to implode upon itself due to people not having children that replace those retirees. At some point those in power will have to figure out how to fund it. Its not going away. Maybe just less money being spent on "Nation Building".

A little more history is necessary here:

SSI was a Nationally sponsored mandatory "Savings Plan" which was full vested and deemed untouchable until Lyndon Johnson sponsored "The Great Society" program and borrowed from SSI funds to finance it. IOW, he robbed the elderly to pay for inner city giveaway programs, and he did so at the behest of FED backers who realized that the United States could one day kick them to the curb if SSI remained untouchable and therefore a NET asset against deficit spending which could keep the FED from gaining power. Since then, stealing from the taxpayers to buy voting blocs has been a standard for stealing more from the middle class in taxes.

It is another reason whiny nanny staters are hypocritical for blaming Boomers. Boomers mostly paid student loans. The nanny staters want them written off. That means they want freebies and biatch about SSI in the same breath. One the old people paid into. The other is what the young borrowed without expectation of repaying. You tell me who the free loaders are?

again, that Great Society rears it's ugly head .... LBJ and the monsters knew what they were doing ... if I could piss on his or any former presidential grave, he's at the top o' list ... and nobody else runs a close second...

the way the '60s played out politically was the continuation (as you defined in detail back to TR and the New Deal) --->>> today

@robPeterPayPaul#s

addendum: like McKinley's bought arse, and the creation of the Fed Reserve and FDR's New Deal, they didn't give two shites about the value of pop. qrowth variance ... like the dutch tulips or the implementation of issuing stock in the late 19th century, they didn't care what the residual impact would become once they became worm fodder.

if not for the robber barons, the boomers may not be the greatest gen in the history of mankind ... #theIronyOfAllTime
(This post was last modified: 08-18-2022 05:14 PM by stinkfist.)
08-18-2022 05:01 PM
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JRsec Offline
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Post: #60
RE: Inflation Red Pills the Youth
(08-18-2022 05:01 PM)stinkfist Wrote:  
(08-18-2022 04:49 PM)JRsec Wrote:  
(08-18-2022 04:33 PM)Fo Shizzle Wrote:  
(08-18-2022 03:06 PM)olliebaba Wrote:  One way to stop SS is to put a cap on who gets benefits by stopping the taking of SS from our paychecks. Wait for how many oldsters who contributed every week to this benefit to die off. Stop taking it from people's paychecks at this point where they are awaiting what they put in. Why do you think they upped the age that one can get this benefit. Sure, they gave you the option of getting it at 62 and then they upped it to 65 and as far as I know they want to up it to 70. Fine, give that option but don't take it away from those who contributed and stop giving it to those who didn't give out a cent. Now the Demons want to give it to illegals. Do any Demons ever think?

There is no doubt that SS has expanded way beyond its original scope. It was not meant to be ones sole source of income. Way too many hands are now in the cookie jar that should not be. Its also been poorly managed and its ROI is incredibly low. Just a bit of forethought decades ago would have it in much better shape with a better ROI. All it does now is take from one worker and give it to a retiree. Eventually its going to implode upon itself due to people not having children that replace those retirees. At some point those in power will have to figure out how to fund it. Its not going away. Maybe just less money being spent on "Nation Building".

A little more history is necessary here:

SSI was a Nationally sponsored mandatory "Savings Plan" which was full vested and deemed untouchable until Lyndon Johnson sponsored "The Great Society" program and borrowed from SSI funds to finance it. IOW, he robbed the elderly to pay for inner city giveaway programs, and he did so at the behest of FED backers who realized that the United States could one day kick them to the curb if SSI remained untouchable and therefore a NET asset against deficit spending which could keep the FED from gaining power. Since then, stealing from the taxpayers to buy voting blocs has been a standard for stealing more from the middle class in taxes.

It is another reason whiny nanny staters are hypocritical for blaming Boomers. Boomers mostly paid student loans. The nanny staters want them written off. That means they want freebies and biatch about SSI in the same breath. One the old people paid into. The other is what the young borrowed without expectation of repaying. You tell me who the free loaders are?

again, that Great Society rears it's ugly head .... LBJ and the monsters knew what they were doing ... if I could piss on his or any former presidential grave, he's at the top o' list ... and nobody else runs a close second...

the way the '60s played out politically was the continuation (as you defined in detail back to TR and the New Deal) --->>> today

@robPeterPayPaul#s

Let's look at who actually profited by the graft and theft:

1. MIC and FED as ballooning debt bought them excessive power.

2. Multi-national CEO's who bought our government and through them judges so the could kill the middle class and seize private resources.

3. College professors who jacked up their earnings x 4 over where they had been in the late 60's which is why these sheiskopfs are pro socialist. They couldn't face tomorrow without a damned pension and COLA!

4. All retailers selling cheap shoddy crap made in China by slave labor.

5. Our enemies who still can't believe we are this damned stupid!
(This post was last modified: 08-18-2022 05:28 PM by JRsec.)
08-18-2022 05:11 PM
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