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He remarked, "the free market is socialism for the rich—[free] markets for the poor and state protection for the rich."[15]
Wealthfare–the money government gives away to corporations and wealthy individuals–costs us more than $817 billion a year. That’s • 47% of what it costs to run the government (which is about $1.73 trillion a year, not counting entitlement trust funds like Social Security and Medicare) • enough money to eliminate the federal debt (now $6.6 trillion, accumulated over 200+ years) in just over eight years • more than four times what we spend on welfare for the poor (currently around $193 billion a year) For a summary of what goes into that $817 billion figure, look below to the table of contents, which lists the estimated annual cost of the various subsidies, handouts, tax breaks, loopholes, rip-offs and scams this book describes. I’ve calculated these amounts as precisely as possible, but they change every year, and data is often hard to obtain, so they are, of course, estimates. If they seem high to you, cut them all by 50%–or 75%; welfare for the rich would still cost more than welfare for the poor. total for 1996 edition: $448 billion a year total for 2004 edition: $817 billion a year
Originally posted by Medieval1028
Interesting...these right wingers/teabaggers are moaning and groaning that the government is bloated and out of control...but they go into a panic when they find out that their unemployment checks from that same government may run out.
Then again, if they have a job or no employment money then they don't have the time or funds to protest and picket against the government. Hypocrisy at it's finest. Unbelievable!
[edit on 2-4-2010 by Medieval1028]
Originally posted by drew hempel
reply to post by Zosynspiracy
Yep -- you got it! 21% is the real unemployed rate!!
economyincrisis.org...
Originally posted by mecheng
I'd like to tell all of you who are honestly making 110% effort to find a job that I really feel for you and wish you the best. Every day I thank my lucky stars that I'm still employed. If there was something I could do to help, I would.
That said, I feel most unemployed really aren't making 110% effort.
Originally posted by whoshotJR
reply to post by Zosynspiracy
Nobody is hiring period? I can go to monster or craigslist and find you many who are. I can tell you I hire people and have an opening right now that is hard to fill with a target of 68 k per year.
Originally posted by drew hempel
reply to post by spinalremain
en.wikipedia.org...
He remarked, "the free market is socialism for the rich—[free] markets for the poor and state protection for the rich."[15]
[edit on 2-4-2010 by drew hempel]