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Dark n Stormy Knight

Profile Information

Gender: Do not display
Hometown: East Coast
Home country: USA
Current location: MidAtlantic US
Member since: Wed Oct 24, 2012, 08:05 PM
Number of posts: 9,088

About Me

I stand in solidarity with the world in disgust with and unwavering opposition to the 45th pResident. The misogynistic, racist, vengeful, volatile, lying, cheating, narcissistic bully is unfit to serve.

Journal Archives

Video of the Moment: companion video to the Elizabeth Warren meme

OK, maybe the moment was 4 and half years ago, but, with all due respect (and that's a lot of respect) to Elizabeth Warren, I don't think anyone will every explain trickle down quite as well as Stephen Colbert did in this The Word segment:


And here is a transcript of the best/worst part, (The words from the screen next to Colbert a re shown in parentheses after the related script text.) But, watch the video. It's hilarious.

Yes. Deficits do matter. And that is as true today as the last time a Democrat was in office. (Back then we called them surpluses) In fact, Republicans have put their deficit nuts on the table. By repeatedly filibustering benefits to 15 million unemployed Americans, because that would add $33 billion to the deficit. And that would just be passing that bill onto future generations. (Of Chinese)

So, arguing to add $1 trillion to the deficit to give these tax cuts to the wealthy makes it look hypocritical and heartless. (Instead of just hypocritical) Well, here's why they're not. Economists know tax cuts for wealthy Americans benefit everyone. It's even got a name. ("Self-serving rationalization"

It's called the "trickle down theory". Here's how it works. Let's say I'm in the top 3% of wage earners. Because I am. And this Bud Light Lime is a refreshing tax cut. With lime. (Tastes great, less filing) Now, the bigger my tax cut is, the more money I can pour into the system.

Then, very soon, the benefits will work their way through the system, and trickle down. I mean, like a racehorse. Then, the other 97% of poorer Americans are welcome to have as much of that as they can collect. (Transcript courtesy of this Daily Kos Diary.)
Posted by Dark n Stormy Knight | Sat Jan 10, 2015, 07:39 AM (4 replies)

Massive fraud in the Social Security Disability system!

Appears to be a RW fiction.

Fraud appears limited to relatively few cases in the disability program, although it is difficult to know precisely how many beneficiaries could be working. A report by the nonpartisan Government Accountability Office found that about 0.4 percent of disability beneficiaries were likely receiving improper payments, because they were working before or after they began receiving checks. Another report by Social Security's inspector general examined administrative law judges who were approving an unusually high proportion of disability applications and concluded that some of those approvals may have been mistaken. That group of beneficiaries also accounted for about 0.4 percent of all those receiving disability payments.

And while it's true that more and more people are on disability, this is largely a result of the fact that the workforce is getting older and more likely to be hurt or sick, according to Kathy Ruffing of the Center on Budget and Policy Priorities, a left-of-center think tank. About seven in ten disability recipients are at least 50 years old -- and that group is also expanding to include the women who entered the workforce at the beginning of their careers decades ago.
http://www.washingtonpost.com/blogs/wonkblog/wp/2015/01/07/social-security-disability-payments-would-be-cut-by-a-fifth-without-new-action/

Mo Better info at my subsequent post on the subject.
Posted by Dark n Stormy Knight | Fri Jan 9, 2015, 12:09 AM (2 replies)
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