Tag Archives: Ponzi scheme

Roundup

The “theocracy” charge leveled at Republicans is just silly.

My observation is that the GOP field is more concerned with the social conservative determination to use government to deny equality to gays and lesbians and pregnancy choice rights to women.

However, neither of those issues threatens the economy or the republic.

I think the Left is correct in asserting that the social conservative agenda is identical to a promise to impose theocracy.

Cynthia YockeyA Conservative Lesbian, September 3  (Hat tip for the quote: Jill Stanek)

Did you ever notice how China, the former Soviet Union and other communist countries with explicitly atheistic views all recognize(d) the timeless truth that marriage, by definition, is a union of one man and one woman?  Implying that those who oppose government recognition of same-sex unions are trying to establish theocracies is ridiculous –unless you are claiming that atheistic, Christian-hating communists qualify as religious-right Christian extremists.

And are the anti-theocracy folks speaking out against Islam and Sharia law?  The evidence is there in Europe and even in some areas in the U.S.

Also, we don’t oppose “pregnancy choice.”  People have the right to birth control.  What we oppose is crushing and dismembering innocent human beings after pregnancy occurs.  Big difference.

20 Scripture-twisting techniques — A great list of what not to do when reading the Bible.

Rick Perry is right.  As I’ve noted many times, Social Security is a Ponzi scheme.  Here are 5 definitions of Ponzi schemes that accurately describe it.  A sample:

Finally, I think this one from the American Bar Association is my favorite:

A Ponzi scheme is a type of securities fraud where the promoter makes some sort of false or misleading statement about an investment (often including a guaranteed high rate of return) and pays off older investors with newer investor’s monies. Eventually, when the promoter can’t find any new investors, the scheme collapses.

Here’s a keeper for the next time Obama & Co. want to preach about civility.  The hypocrisy is astounding.  You’d think after their vicious, carefully choreographed blaming of Sarah Palin after the Arizona shootings that they’d at least pretend to follow their own advice for a while.

While Obama pretends that he’s interested in “respectful” political discourse we’ve seen a parade of Democrats indulging every manner of disrespectful political speech against Tea Partiers and Republicans. Just in the last few weeks we’ve the following:

  • Vice President Biden saying that Republicans and Tea Partiers are “barbarians.”
  • Teamsters President Hoffa Says Republicans are “sons a bitches” that should be “taken out.”
  • Democrat Andre Carson Says Tea Partiers and Republicans want to start “lynching African Americans.”
  • Democrat Maxine Waters says Tea Partiers can “go straight to hell.”
  • Vice President Biden calls conservatives “terrorists.”

Stan on biblical slavery — an important read:

It is important to note, as I have multiple times, that biblical slavery is not the same thing as modern slavery. Consider this. Modern slavery has basically been 1) involuntary 2) for the economic advantage of the elite, 3) typically included mistreatment, 4) where slaves lived separately from their owners, 5) were considered property (and could be disposed of as with any property), 6) could not own property, and 7) were slaves forever.

Old Testament slavery was different. It was 1) normally voluntary 2) for the purpose of solving a debt problem 3) with strict rules against mistreatment. Typically, 4) slaves lived in the homes of their masters, 5) were not property, 6) could own property and, in fact were given property when released, and 7) were only in the position temporarily. Old Testament slavery wasn’t very much at all like the modern version.

Good question by Hillbuzz:

POLL: What term is more effective in describing the gay members of the Left’s goon squad: Gaystapo or GayGB?  Those are both so good.  It is a coin flip for me.  I think the tags apply to anyone on the Left who advances the radical LGBTQ agenda.

This week’s “Why isn’t this a hot news item with the mainstream  media?” entry: New study finds that choice to abort nearly doubles the risk of mental illness — Hey, what happened to the “safe” mantra?

Unions kill jobs.  Lots of them.

Good reasons to use the ESV translation.  I really like it.

Mega-roundup

I’ve been trying to do more individual posts instead of roundups, but there has been a lot of craziness lately.  Here goes.

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A great response to Bill Keller of the NY Times — He may be intelligent but he isn’t wise.  His analysis was horrible.  He also tips his hand in conceding the phony religiosity of people like Obama and Clinton.  After all, they claim the name of Christ as well.  But the Left doesn’t think they are really Christians so they don’t get upset about it.  But when Perry and Bachmann appear to really believe, then Keller and the other bigots freak out.

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I’m all for breast cancer research, but here’s why I don’t donate to the Susan Komen Foundation: Komen 2010 donation to Planned Parenthood hits $569,000

When asked, Komen states that gifts to Planned Parenthood are justified because PP does mammograms. The black eye got even darker when it was revealed that PP actually does not do mammograms, but routine breast exams that a woman can do on herself.

The biggest problem with the PP donation is that a legitimate abortion-breast cancer link has been documented in studies. So, Komen gives funds raised to cure breast cancer to an organization that is increasing breast cancer risk as the nation’s largest abortion provider.

Hey Komen organization:  Call me when you stop supporting an organization that kills babies for a living.

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Is the mainstream press addressing how Gibson Guitars, owned by a Republican contributor, was raided by the Department of Justice on a petty charge while its competitor, owned by a Democratic contributor, was not?   Do Liberals care about what might be a massive abuse of power?

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Are you smarter than Rick Perry?  Here’s a test for the oh-so-smart class: Do you think there is a Social Security “trust fund” or “lockbox” where the contributions to date are stored?  If so, then Rick Perry is a lot smarter than you.  He knows that Social Security is a Ponzi scheme.  Anyone who tells you otherwise is ignorant or lying to you.  From the video at the link:

We need to have a conversation with America, just like we’re having right here today. And admit that it is a Ponzi scheme for these young people. The idea that they’re working and paying into Social Security today, that under the current program is going to be there for them, is a lie. It is a monstrous lie on this generation and we can’t do that to them

Perry also said he stood for the rights of non-believers.

Also see Perry on Obama: How “smart” do you have to be to let the economy get this bad? — This should be fun!  The DNC and its media and theologically liberal allies are going through the laundry list of memes about Rick Perry — religious nut, stupid, etc.  But if Obama & Co. are so brilliant why have they failed to achieve any of their economic commitments?

And if Obama is so smart, what were his college grades?  Oh, right, he won’t release them.

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Here’s a good response to the made-up “dominionist” charge against Bachmann and Perry.  The anti-religion bigots / haters seem to be test-marketing that meme.
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Great analysis by Stan on the “God and sex-slaves” debate.

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Homosexual students automatically eligible for scholarship: Elmhurst college — So how do they test for that?  Here’s a shocker: The college is associated with the apostate United Church of Christ.

In a recent statement, David Smith, executive director of the Illinois Family Institute, criticized the college’s comparison between sexual orientation and ethnic identity

“In defending their decision to include a question about ‘sexual orientation,’ by asserting an offensive and absurd comparison of race to a condition constituted by subjective desire and volitional sexual acts, Elmhurst College administrators reveal their own ignorance,” said Smith.
Elmhurst is affiliated with the liberal leaning United Church of Christ, which became the first denomination in the country with an openly gay minister when it ordained William Johnson in 1972.

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Rep. Carson Accuses Tea Party Representatives in Congress of Wanting to Lynch Blacks — Subtle.  I think this is the guy who declared war on the Tea Party.  And we have Congresswoman Maxine Waters saying Tea Partiers should go to Hell.  Can’t you feel the love and tolerance?

So when race riots break out can we blame Carson and all the other race-baiters?  Shouldn’t the media be asking if the black-on-white flash mob attacks have been instigated by this inflammatory rhetoric?

Rep. Carson has a history of making unsupported accusations of racism at the Tea Party. You may recall that he is the Rep. who claimed to have been called the N-word “15 times” while passing through a group of Tea Party protesters on Capitol Hill. When video appeared that refuted part of his story (he wasn’t mobbed and received no police escort) he changed his story. No video supporting his N-word claim ever appeared.

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If you ever wondered how coordinated the liberal media bias is, read about Journolist.  It is interesting how quickly these “independent” fact finding types all agree on the same meme, such as tying Sarah Palin to the Arizona shootings.  What is really interesting is how fake Christians like Chuck “Jesus is not the only way” Currie immediately came out with the same Palin chatter — almost as if he was on the distribution list for the DNC talking points!  He was right on time and on script with the Perry bashing as well.

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Good overview of false teacher Benny Hinn.  He is so transparently fake that I barely feel sorry for those duped by him.

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President Obama has Tour Buses Flown to Stump Speeches — Remember the taxpayer-funded campaign tour?  It is much worse than you thought.  He didn’t just blow $2m on buses made in Canada, he had them flown around just so he could appear to be riding in them.  Your tax dollars (not) at work!

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Gay activist explains how same-sex marriage will change marriage — Hey, I thought they didn’t want to change it?!   Seriously, read the post and note how flippant they are about “non-monogamous same-sex marriage.”

Obama’s Social Security blackmail may backfire

There are a few possible upsides to Obama’s threat that Social Security checks won’t go out if Congress doesn’t increase the debt ceiling.

1. The President’s Remarks Prove Social Security Trust Fund is a Hoax on the Public — As I noted in my piece about how Social Security is basically a Ponzi Scheme, there is no “trust fund.”  There never has been a trust fund.  They have always spent all the excess Social Security money on other projects.  Yet I’ll bet if you surveyed the average voter — and especially the average Social Security recipient — they’d claim otherwise.

But if there is a trust fund, how could the budget debate have any impact on Social Security payments, especially short term ones?  Hmmmm . . . maybe there isn’t a trust fund after all!

2. If our country’s financial status is so precarious — and it is — then perhaps the Left should be taking the whole “spend less / borrow less” themes more seriously.  Obama’s threat that we’re that low on funds is more proof that we need to do something significant about our finances.

3. Hopefully the independent voters will realize what a pathetic scare tactic it is and be further turned off by Obama.

Ponzi schemes: Illegal for Bernie Madoff but not the government

As I noted in Repeat after me: There is no Social Security “trust fund”:

There is no trust fund.  No. Trust. Fund. Anyone claiming there is such a thing is ignorant and/or trying to deceive you.

The government does not have the capability to set aside funds in a bank account like we do.  When the Social Security funds come in they are spent on Social Security, or, as they have done for decades, on other spending projects they didn’t want to raise taxes to fund.  Decades of dishonesty and financial mismanagement by both parties are becoming more visible.

If Social Security taxes stopped today there wouldn’t be a penny saved to meet the commitments the government made.  It is the world’s largest Ponzi scheme.

If some of these Social Security funds went to private investments that you could control then that would limit how much the politicians could abuse.  But they don’t want to lose control, so they play on your fears that something bad will happen.

Yes, the market could crash and you could lose your investments.  It is a risky world.  But think about this: Whether your private account crashed or not it isn’t like the government is saving our taxes today to pay out tomorrow.  Either way the payouts they will make 10 years from now will come from taxes paid 10 years from now.

Simply put, we can’t lose by having at least part of current contributions devoted to private accounts.  The politicians will lose because they’ll have to find a way to fund current spending, or not spend the money at all.

Don’t let fear-mongering by politicians fool you.  The system has been broken for a long time.  Democrats didn’t want you to be informed and Republicans didn’t try hard enough to inform you.  But it isn’t that complicated.

Here are some great ideas from Time to Opt Out of the Social Security Ponzi Scheme.  I urge you to the whole thing.  Now is the time to educate people on how Social works, why it is doomed to fail, and what we can do about it now.  Those young people who swallowed Obama’s lies and are now unemployed and saddled with massive college debts may be willing to listen to some truth now.  Same thing for middle-aged people who will realize that they will spend their careers paying into a system that will be beyond bankrupt when they retire.

The Social Security Ponzi scheme is perhaps the most consequential government infringement upon our lives.  Conservatives are justifiably outraged that Obama egregiously mandated that we purchase health insurance.  However, the individual mandate is not nearly as meddlesome and tyrannical as the government’s complete control over our retirement security.  The only reason why these two programs are regarded differently by the public, is because Social Security has been around for 75 years.  Consequently, most Americans are conditioned to believe that a person’s retirement is indissolubly tied to government-run Social Security.

Now that Social Security is running a perennial deficit and is facing insolvency, conservatives have an opportunity to reverse one of the most flagrant violations of our property rights, by offering workers the option to opt out of the Madoff-style program.

As the unfunded liability for Social Security balloons to $21.4 trillion over the next 20 years, it is painfully obvious to young workers that they will not enjoy much retirement security, if any, from the government program.  Democrats are totally apathetic to their grim future; they will be long retired by then, enjoying the full array of government benefits that they secured for themselves.  Meanwhile, they would rather demagogue the issue, using fallacious scare tactics to stir up current retirees.  Accordingly, we should harness the Democrats’ Mediscare demagoguery towards seniors, and direct it towards younger Americans.  If Paul Ryan’s Medicare plan will push granny over the hill, the status quo of the Democrats’ Ponzi scheme will prevent the grandchild from making it up the hill.

With high unemployment and polls showing a precipitous drop in support for Obama among young voters, now is the time to reach out to those voters.  Congressman Pete Sessions is proposing the SAFE ACT (HR 2109), which would allow younger workers to control all of their retirement savings.  Here are some of the key details of the proposal:

  • Every American would be able to opt out of the current system and direct the full 6.2% of payroll taxes to a personal retirement account beginning January 1, 2012.  Conversely, anyone who wishes to remain in the current system would not be affected.  An employee who chooses to opt for the SAFE account can switch back to the current system during the first five years after opting out.
  • After 15 years of the bill’s enactment, employers would be able to contribute “their share” of payroll taxes to the employee’s SAFE account.
  • Self-employed individuals would be able to divert the full amount of their payroll taxes to a SAFE account.
  • The SAFE accounts would be tax free and any cash contributions would be tax deductible.   Also, all post-retirement distributions from the account would be tax free.  Any pre-retirement distributions would be taxed as income.
  • Upon the death of the account beneficiary, irrespective of his/her age, the inheritors of the estate will be able to assume full ownership of the account.

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So, young Obama zombies with skulls full of mush; with whom do you trust your retirement security: your bank account or Obama’s defunct ATM?  How about Bernie Madoff?