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858 S.D. County educators collect pensions of $100,000+

As FDR stated, 4 Years of Classical Economics at Harvard did not prepare him for the economic challenges of the Great Depression...FDR stated that he had to throw conventional wisdom and conventional thinking in economics out the window to deal with the crisis... Spending is out of control?! Conservative Republican economics is out of control, illogical and does not work(Republican trickle down has never worked...put the money in the hands of the middle class, they spend it into the economy and that is what creates booms)... In their attempts to shrink and starve government of revenues, conservative Republican economists and elected public officials have created the fiscal crisis and done little or nothing to solve the problems of fiscal stability and long-term debt. Take the same revenues, hike taxes on the top 10% and corporations and the long term debt program could be solved. Same strategy worked in Minnesota and California on the State levels and created booming economies... Reform Health Care with a Single payer system or a hybrid system with a public option of Medicare for All that would reduce costs by 2/3rds in the health care system and save trillions... We pay 3X-4X more per person in yearly health care costs than the same individual pays in Canada, Great Britain, Germany, Denmark etc... And, arguably, they get better healthcare and health care outcomes,(lower infant mortality rates, higher life expectancy because of comprehensive health care services from cradle to grave) Then, cut Defense spending(we spend more than the next 10 countries combined per year about 700-800B per year)... Then, lift the caps on income for tax withholdings for yearly Social Security payments.. Problems could be solved but the present WH and Congress does not have the political will to do so...
— May 17, 2018 11:23 a.m.

858 S.D. County educators collect pensions of $100,000+

“Our country does not save enough. Individuals and governments cannot continue to live beyond their means.". They don't save enough because for decades wages have been depressed in both the private and public sector in many industries while prices for everything have skyrocketed.. \\Ultimately, the core of the problem lies with entitlement spending [Social Security, Medicare, Medicaid, etc.]” Disagree totally with this premise...First...Those programs are "not entitlements"...millions of people payed into those public insurance programs...That elected officials and administrators mismanaged those programs and borrowed trillions from those programs without any plan to repay it is not the fault of those who paid into those insurance programs every working year for their entire lives..They paid for those programs, they earned those programs...stop with the far right BS that it is welfare...It is not.. State and local debt “is dominated by pension liabilities,” she says. “If investment returns begin to diminish, government services may have to be cut to pay those obligations, or taxes will have to be raised substantially.” Again, the programs were badly mismanaged by government officials...reneging on those programs will cause chaos in the country and the marketplace.. These deficits were created by reckless and unsustainable Republican economic policies...Constant tax cuts for large corporations and the top 10% when these deficits could have been payed down or eliminated with a little higher taxes on profitable corporations and the top 10%... The chances of a 2008 crisis are remote?! Complete BS... Trillions in derivatives are embedded in major corporations that could tank the market at any time and could be triggered by any number of things according to Warren Buffett.. Just one of those "too big to fail" companies gets a major derivatives "call" or loss and order to pay, and it could be 2008 all over again... Out of control Defense spending and excessive tax cuts have created these huge deficits and handcuffed our ability to repay that debt..
— May 13, 2018 3:44 a.m.

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