#14262 Oct 30, 2012
The average single male pays about $345,000 into social security/medicare during his lifetime.
With an average life expectancy of 78 years, and retirement age of 65, the average person will draw benefits for about 13 years. That means that your pay-in to the system is about $27,000 per year for the last 13 years of your life; and that has to cover both your social security AND medicare.
Considering the staggering costs of medical care, is there anyone out there who feels that they aren't "taking from the system" when they're on Medicare?
#14263 Oct 30, 2012
GM's creditors had rights under our bankruptcy laws - that's why we have bankruptcy laws.
Obama subverted the bankruptcy statutes with Taxpayers' money, jumping his political croneys - UAW Bosses - ahead of other creditors with superior rights.
#14264 Oct 30, 2012
The Center for Automotive Research has estimated that more than a million jobs were saved by the U.S. auto industry bailout.
General Motors earned $7.6 billion on $150.3 billion in sales in 2011, just two years after taxpayers bailed it out. Moreover, its once-weak compatriots in the U.S. auto sectorFord Motor (F) and Chrysler Groupreported profits for the year, as well. Thats the first time the Big Three, as old-timers fondly call them, have all been profitable since 2004.
Maybe you're thinking of another auto-industy.
#14265 Oct 30, 2012
Both GM and Chrysler have paid back the bailout money in full and with interest.
You were saying?
#14266 Oct 30, 2012
Mitt Romney:'We're Not Going to Let Our Campaign Be Dictated by Fact-Checkers'
#14267 Oct 30, 2012
Over and over and over they cried for help. Thru rape and torture they called and prayed for help, during this time Obama dined and watched Americans be murdered.
#14268 Oct 30, 2012
You lie poorly.
Fact: The USG OWNS 500 millions shares of GM stock. That makes the USG a PART-OWNER of GM and their means of production.
That's socialism, by any definition.
This was no investment - it was a BAILOUT - of Obama's political cronies, with OTHER PEOPLE'S MONEY.
Maybe you should save your partisan progressive propaganda bullsh!t for a slower league, where you won't look like such a lying fool.
#14269 Oct 30, 2012
You know thats not true right? Jeep is adding a production plant in china to sell to china...thats not the same thing.
#14270 Oct 30, 2012
You presume too much. But of course, you have to - your strawman depends on it.
Americans who save and live frugally can and do provide for their own elder care - and if Medicare were not there, and they had not had their wealth involuntarily ripped off over their working lifetime to pay for others' Medicare benefits, they'd be paying for 100% of it.
Chanting the Progressive nanny-state mantra does not make it true - or inevitable.
#14271 Oct 30, 2012
Damn...those pesky "facts" are really a pain the arse.
#14272 Oct 30, 2012
Of course they own shares, that's how the money was transferred to GM!!! Did you think that they just handed the corporation a big check:...LMAO...For an uber-capitalist, you don't know much about business or corporations, do you?
You see, GM wants to buy those shares back, but the Treasury Dept. isn't interesting in selling because at the current price the government would lose money...it's too early.
That's why its an INVESTMENT.
#14273 Oct 30, 2012
Oh wait, I know what confused you...you think that GM and Chrysler are people...that's what tripped you up.
#14274 Oct 30, 2012
Get real.... another Obama Lie....You actually believe him, that he doesn't care about the election. Of course he cares. He is putting on a good show, now, especially when at least half of the US citizens, are appalled at his FAILURE to help the Americans in Libya.
If he is commander in chief first, where was he when more security was asked for in Libya? It won't do me any good to give you some fact.. you already have your mind made up to re-elect an inadequate president that failed to carry out his promises, and has spend 4 years blaming Bush, because he (Obama) can't get it right.
#14275 Oct 30, 2012
Thank you for demonstrating your breath-taking financial ignorance.
That $345K, if not pissed away down the Washington DC rat-hole and instead invested at an average annual rate of return of 7%- very conservatively obtainable over a 40-year working life - is worth $1.6 MILLION on retirement at 67 years of age.
That amount buys a 13-year annuity generating $15,000 EVERY MONTH in payout over those 13 years of expected life in retirement.
THAT's what it REALLY costs people to pay in - and they get far less for their money back from a US federal government that runs out of a coffee-can from year to year.
So due to your financial ignorance, you are excused from further commentary on the subject - as you are clearly unqualified.
#14276 Oct 30, 2012
Pleas help, savage Muslim extremists are raping and torturing us. Stop watching us get killed, send help. BUT Obama sat there eating and drinking and gettin ready to go to Vegas. That is the type of help Obama provies.
#14277 Oct 30, 2012
Link the study, so we can read it and see what assumptions they've made, how they calculate these mythical jobs that were "saved" (and wouldn't have still been "saved" if GM had gove thru structured bankruptcy without Taxpayers' money) & we'll be able to see where they're FOS.
#14278 Oct 30, 2012
father-of-navy-seal-who-died-i n-benghazi-raid-launches-blist ering-attack-on-obama
Obama had his chance, and he failed miserably
Its been four years. He had his chance. Its time to end this.
President Obama may well be the most unqualified, unaccomplished, unprepared, unsuited man ever to be elected president. He was elected on a wave of fantasy, propelled by a creepy cult of personality and the almost complete abdication by the news media of their investigative responsibility. He was never going to be up to the job.Obama's administration has been responsible for a 862 billion dollar (1.3 trillion with interest)huge stimulus that accomplished little but added massively to our debt, a health care bill that most people didnt want and was built on lies, and a financial regulation bill that ignored governments role in the financial collapse and was written by some of legislators most responsible for it.
Obama's energy policy has been to thwart domestic production in favor of crony green energy
schemes that keep failing.
His foreign policy has been to snub our allies and reach out to our enemies, who have responded to the outreach with disdain. The successes hes had in the war on terror have been possible by following the policies created by President George W. Bush ones that he criticized as a senator.
In David Limbaugh's book "The Great Destroyer" it's been claimed that Michele Obama filed divorce papers against Barack Hussein Obama when he lost an eection to Bobby Rush in Illinois.
Obamas campaign has been reduced to silly trivialities such as Big Bird and binders. Hes
spent. Hes done. He doesnt even propose a real agenda for another term. Its time to end this on Nov. 6. Obama will lose thsi Nov.6th because the American people cannot stand Obama any longer and Obama would bankrupt and destroy this country if Obama gets 4 more years.
Obama: Longest period of unemployment over 8% since the Great Depression
Obama: Added more to the national debt than ANY president in history and did it in less than 4
years. 5.5 trillion dollars added debt by Obama is 4 years.
Obama: Most number of people in poverty in the history of the United States
Obama: Has signed more executive orders than any president in U.S. history in his 1st term
Obama doesn't follow US law on DOMA or on Illegal Aliens.
He has signed 200 plus more than 2nd place.
Obama: Gas prices doubled
Obama: Cost of living sky-rocketed
Obama: U.S. debt was downgraded from AAA status for the first time ever
Obama: Federal spending as a percentage of GDP (25 percent) is the highest that it has been
since World War II.
Obama: Most people on food stamps in U.S. history
Obama: Real median household income has decreased by more than 4000 dollars since
Barack Obama entered the White House.
Obama: The number of long-term unemployed Americans has risen from 2.7 million to 5.2 million
since Obama took office.
Obama: United States has lost more than 300,000 education jobs.
Obama: Velocity of money (a very important indicator of economic health) has plunged to a
post-World War II low.
Lowest amount of navy ships since 1916.
Since: Feb 10
#14279 Oct 30, 2012
OH I thought that EVERY CO. that is listed on the stock market and had a co. run Retirement system had to have at lease ten years of benefits on hand?
Isn't that what you said?
Well seeing that almost every auto CO owed the U.A.W. retirement fund money because they were underfunded by a long shot.
The UAW and the auto co.s agreed that the UAW take some of what was owed to them in stock and the div. from this stock would help pay for the retirement fund.
That is why they were put ahead of the stock holders,
I thought you knew all about accounting.
Creditors get paid first then the stock holders and the UAW was a creditor by contract.
Have a nice day
#14280 Oct 30, 2012
What Obama does not care about is American lives. Obama sat and watched while Americans were MURDERED.
#14281 Oct 30, 2012
WHAT? So, you think that it would've made more sense to stick the money in a bank than to save thousands of American jobs?
Hey, Einstein...how much money do think the government would have lost had those jobs not been saved? How many millions would have been paid out in unemployment benefits?
Four years after the auto bailout, there are 1.45 million people who are working as a direct result of the $80 billion bailout, according to the nonpartisan Center for Automotive Research, both at the carmakers and associated businesses downstream in the economy. How many tax dollars and purchases do you think that these people pump into the economy every year... I guarantee that its thousands of times what your sad little 7% investment would have been.
Teabaggers should have their own vision plan, since they're all shortsighted.
Add your comments below
|Amityville man accused of being naked in Massap...||10 hr||MassapequaAlert||1|
|iLoveKickboxing Hicksville (Jan '16)||17 hr||nancy patrowicz||2|
|Cutting of pastor's role called 'vindictive' (Oct '08)||18 hr||bruser||8,388|
|Long Island wife Kelly Forbes charged with stra... (Dec '07)||Oct 22||Connie dooley||83|
|Swift Named Principal at Our Lady of Lourdes (Aug '09)||Oct 22||bruser||2,685|
|Nassau GOP backs Mangano for county executive (May '09)||Oct 21||bernie van zant||19|
|Who would really wear a little 81 gay sex patch... (Feb '10)||Oct 21||Widow Maker MAZZI||29|
Find what you want!
Search Melville Forum Now
Copyright © 2016 Topix LLC