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romanmir01
The Young Turks
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Comments by "romanmir01" (@romanmir01) on "Obama Slashes Social Security - GOP Approved?" video.
Actually there are no cuts, they are "cuts" in INCREASE of spending and they are spread out over 10 years and they are based on rosy economic assumptions that will never come true. In reality there are no reductions of spending at all, there are only tax hikes of all types. TYT doesn't even understand first thing about taxes. For example the tax brackets are going to be shifted based on not CPI but CHAINED CPI, which is another tax increase and TYT doesn't understand economics to get into it.
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I said people should save money, there are no savings and whatever meagre savings individuals acquire governments more than offset with increase in their spending.
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1. There is no real austerity in Europe. Austerity means REDUCING gov't spending, not growing taxes! That's not what Europe is doing. Austerity works by removing gov't spending and allowing people to spend and as a result Austerity PREVENTS INFLATION caused by gov't printing money, which is what economy needs: savings to have value again, so people would save and invest rather than gamble with free fake money 2. SS and Medicare are bankrupt because US gov't is bankrupt.
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Private property starts with your own body, you moron, so if it's cancer, then you really should worry, you pile of turds.
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That's what all private property is. We can either defend our property with force of our own or by setting up a gov't that would defend our property with its legal means.
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It's funny that you are trying to explain to me what Europe is, but that's irrelevant. European countries are not doing austerity, they are increasing taxes and growing governments through all ways they can conjure, but it's mostly increasing taxes and growing debt by inflation, but there is no austerity in sight.
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