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DrStache ●
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Final Countdown ●
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Tidepride30 said...
That have had success??
THE U.S. POSTAL SERVICE was established in 1775 – they’ve had 234 years to get it right; it is broke, and even though heavily subsidized, it can’t compete with private sector FedEx and UPS services.
SOCIAL SECURITY was established in 1935 – they’ve had 74 years to get it right; it is broke.
FANNIE MAE was established in 1938 – they’ve had 71 years to get it right; it is broke.
FREDDIE MAC was established in 1970 – they’ve had 39 years to get it right; it is broke. Together Fannie and Freddie have now led the entire world into the worst economic collapse in 80 years.
THE WAR ON POVERTY was started in 1964 – they’ve had 45 years to get it right; $1 trillion of our hard earned money is confiscated each year and transferred to “the poor”; it hasn’t worked.
MEDICARE and MEDICAID were established in 1965 – they’ve had 44 years to get it right; they are both broke; and now our government dares to mention them as models for all US health care.
AMTRAK was established in 1970 – they’ve had 39 years to get it right; last year they bailed it out as it continues to run at a loss!
WAR ON DRUGS started over four decades ago. Failed.
This year, a trillion dollars was committed in the massive political payoff called the Stimulus Bill of 2009; it shows NO sign of working; it’s been used to increase the size of governments across America, and raise government salaries while the rest of us suffer from economic hardships.
CASH FOR CLUNKERS was established in 2009 and went broke in 2009 – after 80% of the cars purchased turned out to be produced by foreign companies and dealers nationwide are buried under bureaucratic paperwork demanded by a government that is not yet paying them what was promised.
NO CHILD LEFT BEHIND: $54.4 billion per year. America ranks 17th in education compared to other modern countries.
DEPT. OF ENERGY: $26.4 billion budget. Gas prices at all time high!
FAIR HOUSING ACT: The Feds forced the Banks to issue Subprime Mortgages to minorities with bad credit. Major cause of current recession. 841,073 foreclosures in 2012.
FEDERAL RESERVE BANK: Broke! There is no “reserve” just printed paper money with no backing.
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rms02d said...
Social Security has a $2.6 trillion surplus. That is far from broke. Social Security can be fixed before that surplus dwindles.
Lots of flaws with some of your other examples also.
BamaLivesFootba ●
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Tidepride30 said...
And it used to be bigger. In 2010, SS benefits paid out were more than being brought in for the first time ever and that trend continues. The SS trustees predict the surplus will be gone by 2033. Many predict sooner but all predict it to be well gone by then.
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OmegaBuckeye said...
THE U.S. POSTAL SERVICE was established in 1775 – they’ve had 234 years to get it right; it is broke, and even though heavily subsidized, it can’t compete with private sector FedEx and UPS services.
The US Postal Service has been a huge success for the past 234 years, and was largely self funded without tax payer support. You can send a letter anywhere in the United States for 37 cents. That's pretty damn good. The only reason it is on the down turn now is because of a huge paradigm shift in the way people communicate coupled with the bad economy that greatly lowered mail volume. I think they will be just fine by the savings they will see dropping Saturday deliveries.
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Tidepride30 said...
Do you plan on living to 114 years old? It's already 68-70 years old. Raise in FICA? So even more Americans stretched to the limit will enure more tax hikes?
Means testing? That's one way I can agree on.
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at the "entitlement society" myth.
Can we come up with a comparable list of government programs