The socialist fringe are ridiculously protesting that they voted for.
To Big to fail, cronyism, especial privileges/interest, bailouts, subsidies, & loopholes is the stuff of socialism/communism. Through this the rich stay or get richer being bailed out every time they miss manage their company to ruin. No one can ever be fired & the Company can never be out of business. No restructuring, no layoffs, & no competitions just the way GE, GM, Solyndra, AIG, Power Solar, Warren Buffet, George Soros, Richard Trumka, Andy Stern, & Fanny mae/Freddie mac (exempted from regulations) likes it.
Buffet & Soros influencing political policies ensures them where to place their investments for investment in commodities, precious metals, etc. is how they make their money just as george kaiser was ensured when solyndra received its huge loans. To let too big to fail entities go under means an more efficient equal or smaller competitors has a chance to climb up the ladder to take over the seat once held by too big to fail entities.
Illinois increased tax to 66?ncome tax only to give subsidies, waivers & tax breaks to keep the big guys from leaving. Dems creates Over reaching regulations to create loopholes, waivers, & bailouts so they can stick their hand in the corporations pockets & keep corporates/special interest in line for their favor.
The Incumbent, Barney Frank, Chris Dodd, & the DNC receives more campaign contribution from wall street than the opposition.
They can tax & spend all the way to 99?the spending & borrowing will not end cause when it does end no more free money & services. Entitlements are like the childless woman willing have a neighbor or sisters baby cut in half just so neither of them will have a baby to raise in the end. Basically if it's not your earned money & sacrifice who cares how much deeper in debt you get into. The business of self righteous, sanctimonious image is what sustains debt through over indulging entitlements, community reinvestment act, sub prime loans, over spending, debt ceiling increase, foreign aid, & nation building is to flood the world with currency created through debt. Debasing currency & inflating cost or value of goods, commodities & cost of living.
When andrew jackson paid off the deficit there were no social entitlement spending.
It's better to be under charitable entitlements than to earn a living. Why would an individual work minimum wage just to have his/her income deducted for health-care coverage, Social Security, FICA, & State tax while an individual on welfare receives slightly more than minimum wage without all the deduction & reduced benefits? Is it not better to sit in the couch all day than having to earn a living? After all, food stamps, spending money, health care, & housing (HUD/Section 8) are provided for by taxpayers.
A recipient can indulge in living like a socialite with affordable things like buying shoes every month or 2 & clothing ranging from 20 to 50 dollars, accumulate about 200 pairs of shoes, & over 500 pairs of clothing, Flat screen TVs, Magazine subscriptions, & gives away slightly used shoes/clothing & sometimes even new ones. Eat past food (large proportions) 5 - 8 times every week to obesity. Some recipients has been on Government assistance for over 15 years yet not of retirement age.
Welfare doesn't eliminate poverty but sustains & increase it on the backs of business, consumers, blue & white collar workers. It has gone far beyond keeping them from starving, it's never enough for them & want even more. Since When was Leisure's, Luxuries, accessories, electricity, flat screen TV, entertainment, & modern medicine personal transportation was a necessity for survival. Did nature provide all this or did individuals who invested their minds, wealth, & time, created & provided all this. Did these necessities of indulgence existed before the Conquest of the New World, WWI, or WWII. Instead of helping people to be self reliant, people are spoiled into dependency corrupting them to become zombies for handouts adding to the high cost of living. Are they thankful to the rich & middle class who provides for them?, rather arrogantly complains for more. Where's the gratitude? Those they call greedy are more reflective of themselves.
Some or half of those with principles on it cause its legal, empowered not to be ashamed.
Welfare recipients wouldn't want to pay taxes, but who does?, not even the incumbent, some appointees, & cronies would like to, and why they would gladly take any deduction they can get. Others work for cash to avoid taxes. reduced benefits. http://abcnews.go.com/Politics/general-electric-paid-federal-taxes-2010/story?id=13224558http://readingeagle.com/article.aspx?id=301524
socialist consequence: http://www.youtube.com/watch?v=uHxRSakuGMghttp://www.youtube.com/watch?v=icS5eLWYv0w&feature=related