Monthly Archives: November, 2017

Center for American Progress and CATO both want to invest Social Security funds in stock market

When the right and left political wings agree, you can bet middle-class Americans are in trouble.

And if you are talking about Social Security, a new bipartisan plan spells major cuts in benefits, as the establishment is set to privatize our public retirement system after the mid-term elections next year.

John Podesta

About $2.8 trillion (2,800,000,000) has been borrowed since the 1980s from your Social Security contributions to pay for bureaucratic wars on poverty. to fight real wars on ungrateful Arabs, to sweetheart deals to campaign contributors, and to create a war machine larger than all other countries combined.

But the political class has decided it should not pay back this money, but will instead cut your Social Security benefits enough so they you only get benefits from FICA taxes paid in the current year, and receive none of the money borrowed from the Trust Fund, which will be dissolved. Continue reading →

Other countries want you as a university student – English-speaking classes with virtually no tuition

If you are not a resident of Pennsylvania you can still earn a nursing degree at Penn State University in four years at a tuition-only cost of $154,600.

Or you could get the same education (with brat bun, not frat fun) free in Germany.

Free?

And you don’t have to speak German?

Public universities in Germany charge no tuition to anyone, including Americans , ugly or otherwise. Classes are offered in spoken English.

Students, who want degrees (in English) from among the world’s best institutions, can enroll in schools like  University of Munich, University of Hamburg or Ruprecht Karl University of Heidelberg, three of the country’s best schools, and pay no tuition. Some years ago the government initiated a $500 a semester tuition charge, but students revolted and it was eliminated.

American students enrolled in public universities in Slovenia Continue reading →

Lies about “repatriation” from the media and elites. Most of the targeted cash is already in U.S. banks.

Stagnant wages. Windfalls for the politically connected. A new tax plan primarily for the rich.

Just 13 years have passed since the 2004 tax repatriation holiday, which created nearly no new jobs for American workers, but was instead used almost entirely by multinationals for stock dividends and buybacks. Many corporate execs and shareholders became instantly rich from this tax holiday, while workers’ wages were stagnant.

The GOP’s new plan is more of the same for one simple reason:

That $2.6 trillion, which every politician and media pundit loves to cite as a boon to America,  cannot come back to the United states, because the vast majority of the money is already here.

This cash is invested in U.S. Treasury notes, U.S. agency securities, U.S. mortgage backed securities, or U.S. dollar-denominated corporate notes and bonds. And no corporate income tax has been levied on these trillions of dollars. Continue reading →

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