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thirdpartytime commented on the blog post California AG Harris Turned Down a Guaranteed 60% of the Foreclosure Fraud Deal
This whole piece is off point and quite frankly, irresponsible. First, why all the talk of negative equity, when that is not at all what this settlement is about? This settlement is a catch all fraud settlement which will immunize the banks from prosecution for any of the fraud they perpetrated. It has nothing to do with who or who may not be “underwater.”
The amount of potential fraud and resulting damages out there is well into the trillions of dollars, so any AG pushing any other AG, or agreeing with this proposal, is nothing more than a hack for large banks, period.
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thirdpartytime commented on the blog post Rick Perry’s Immigration Problem Isn’t Going Away
. . . because, as you clearly point out, all NASCAR fans are the same.
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thirdpartytime commented on the blog post Obama’s Electoral Fate May Rest in the Hands of Angela Merkel and European Central Bank
With all due respect, can educated people stop using the European Union and the Eurozone interchangeably? They are not the same thing. The the author was clearly referring to European Union but didn’t spend the ten seconds required to add accuracy to the story. I seriously doubt that Euopoean journalists of merit confuse the United States of America with say, NAFTA.
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thirdpartytime commented on the blog post Obama is Coming to Cut Medicare
I actually disagree. I believe he is actually trying to get things done. The wrong things, which is why his presidency is so morbidly sad.
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thirdpartytime commented on the blog post Obama is Coming to Cut Medicare
… and what happens when we don’t have General Funds to pay for the reimbursement?
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thirdpartytime commented on the blog post Obama is Coming to Cut Medicare
Precisely.
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thirdpartytime commented on the blog post Obama is Coming to Cut Medicare
What do you mean?
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thirdpartytime commented on the blog post Obama is Coming to Cut Medicare
Agreed. But the left should at least be calling it what it is, under the new plan, an almost 31% reduction in Social Security revenues. 2% from employee and 2% from employer, of the 12.4% total.
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thirdpartytime commented on the blog post Obama is Coming to Cut Medicare
At least those deals were cut to limit opposition to the Affordable Care Act. This deal accomplishes nothing left of center.
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thirdpartytime commented on the blog post Obama is Coming to Cut Medicare
… People … what would be at least marginally helpful, is to stop permitting the media and officials to call this a tax cut. It is a reduction in the payroll deduction for Social Security Administration programs. It is not a tax cut, it does not affect the amount withheld for either state of federal income tax. It is a withholding reduction, much like reducing your 401K contribution from 10% to 8%. Stop letting Obama get away with his careful “payroll tax reduction” smoke and mirrors to cover up the fact that he is the first President since FDR to cut Social Security revenues on a percentage basis. Period!
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thirdpartytime commented on the blog post Obama is Coming to Cut Medicare
This plan is more evidence that Obama is counting on courting so-called independents and moderate Republicans to win in 2012, while assuming that most of us will simply not muster the intestinal fortitude to vote for another candidate, be it Green, or other. I am hoping he is wrong, because no Democrat should ever be re-elected on a platform of starving Social Security of revenues as a means to boost job creation, while at the same time irresponsibly encouraging people to spend that payroll deduction on consumer goods, rather than saving or paying down debt.
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thirdpartytime commented on the blog post Obama is Coming to Cut Medicare
Agreed.
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thirdpartytime commented on the blog post Obama is Coming to Cut Medicare
… because given the current posture of both Democrats and Republicans in Congress, I have absolutely no faith that whatever did indeed pass, would be within 100 yards of objective fairness. There are simpler fixes to Medicare.
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