New bailout to states stinks of union payoffs

• Mr. 300

  

  http://www.foxnews.com/politics/2010/08/10/democrats-advocacy-groups-blast-cuts-food-stamps-fund-m-jobs/
  
  Both sides of the isle are sending their sentiments on this new entitlement. Just think when this money runs out, will there be more gifted to the unions?? Instead of making states clean up their respective homes, here comes the feds with more tax payer dollars to handout to the idiots who make poor fiscal decisions.
  
  Is California going to get money?? If so why?? They have to biggest underfunded public workers retirement plan in the country....why is that?? They have 9,000 people making over 100,000 a year in pension benefits, and one making over 500,000. This is insane!!! CUT OFF THE FAT!!!
  
  Just more proof how unions are ruining this country, and how tied to big unions this administration is.
• gut

  The biggest abusers on the govt dole are....surprise, govt workers!
  
  Oh no, they cut food stamps...Anyone who has seen someone in line at the grocery store buying with food stamps knows the benefit is probably too generous. I make a decent living and I don't buy that much steak and beer!
• Mr. 300

  

  Not supposed to buy Alcohol or cigs with food stamps.
• mella

  As a teacher in Ohio I say trim the fat, tighten the belt and make the cuts that need to be made. Stop paying for unnecessary programs that are underfunded. I would like to see the amount of money wasted by the state for testing. Students from 2nd grade on up are subjected to standardized testing multiple times are year, this interrupts the educational process, wastes time and money and ultimately tells us who is a good test taker and who is not.
  
  Unions don't run the show but they don't always help the situation either. The true problem is the decision makers in D.C. are too afraid to let capitalism work. Let banks fail, allow corporations to go down, smaller better run companies will fill the void.
  
  Why shouldn't teachers get bailed out?
  
  Multibillion dollar corporations and banks have been bailed out for years while their CEO's get multimillion dollar bonuses and they don't have unions. Welfare recipients have been sucking off the nipple of the government for years also and they don't have unions. Corrupt politicians have been in D.C. for years and they don't have unions.
  
  Is it a union issue or an intelligence issue?
• Mr. 300

  

  mella;449170 wrote:As a teacher in Ohio I say trim the fat, tighten the belt and make the cuts that need to be made. Stop paying for unnecessary programs that are underfunded. I would like to see the amount of money wasted by the state for testing. Students from 2nd grade on up are subjected to standardized testing multiple times are year, this interrupts the educational process, wastes time and money and ultimately tells us who is a good test taker and who is not.
  
  Unions don't run the show but they don't always help the situation either. The true problem is the decision makers in D.C. are too afraid to let capitalism work. Let banks fail, allow corporations to go down, smaller better run companies will fill the void.
  
  Why shouldn't teachers get bailed out?
  
  Multibillion dollar corporations and banks have been bailed out for years while their CEO's get multimillion dollar bonuses and they don't have unions. Welfare recipients have been sucking off the nipple of the government for years also and they don't have unions. Corrupt politicians have been in D.C. for years and they don't have unions.
  
  Is it a union issue or an intelligence issue?

  
  It's an entitlement issue run amuck.
• Belly35

  

  I'm a business owner, employ people, pay taxes, give to the community, support the school, re-invest in my companies, create new products, reseach and develop to make a better product ...... Where the Hell is my Bailout
  
  Oh! That right small business are important to our country future
  So because we are so important:
  Banks / Goverment cut our line of credit
  Loans are more difficult to secure
  Additional Reguations
  Cap and Tax
  Finds for Health Coverage or more cost to provide Health care
  Addition fee for Workman Comp
  Increase in Taxes
  And a shit load of paper work just to keep state and federal asshole working....
• mella

  I've said from the begining of the bailout crap why not just pay off everyone's mortgage, so all homeowners will have more disposable income to pump into the economy.
• fan_from_texas

  mella;449205 wrote:I've said from the begining of the bailout crap why not just pay off everyone's mortgage, so all homeowners will have more disposable income to pump into the economy.

  
  So the guy who bought a million dollar house on a $70,000 salary through a liar's loan should receive a windfall, while the family that saved up and made paying down their mortgage a priority get the short end of the stick?
  
  As a teacher, what do you think of a well-crafted merit-based pay system?
• CenterBHSFan

  

  fan_from_texas;449267 wrote:So the guy who bought a million dollar house on a $70,000 salary through a liar's loan should receive a windfall, while the family that saved up and made paying down their mortgage a priority get the short end of the stick?
  
  As a teacher, what do you think of a well-crafted merit-based pay system?

  Everybody, hypothetically, would be privy to a windfall. The stimulus checks that everybody got 2 years ago was a windfall; some got more than others.
  
  Yes, there would be the proverbial short end of the stick, but that's still better than no stick at all. That's just realistic.
• fan_from_texas

  CenterBHSFan;449277 wrote:Everybody, hypothetically, would be privy to a windfall. The stimulus checks that everybody got 2 years ago was a windfall; some got more than others.
  
  Yes, there would be the proverbial short end of the stick, but that's still better than no stick at all. That's just realistic.

  
  It strikes me as a huge moral hazard by generously rewarding terrible decisions and providing little to no benefit to people who made good decisions. Still, it likely would really stick it to the baby boomers (who should have less to gain because they've been in their homes longer), so we're not too opposed to the idea. I'd rather see all student loans wiped out, but whatever.
• BGFalcons82

  

  fan_from_texas;449267 wrote:So the guy who bought a million dollar house on a $70,000 salary through a liar's loan should receive a windfall, while the family that saved up and made paying down their mortgage a priority get the short end of the stick?

  
  Watch how Obama bails these folks out through the corrupt-laden Freddie Mac and Fannie Mae. He's on the verge of forgiving the loans in order to stop foreclosures. I think I'm going to stop paying my mortgage this month so I can get my Obama money. :rolleyes:
• CenterBHSFan

  

  1.) I wonder if it was intentional to get the absolute worst photo of this woman that was possible? LOL
  
  
  
  2.) If it wasn't so disgusting, it would be downright comical that our government decided to take funds from one hot-mess to give to another hot-mess. :: sigh ::
  There are no winners here, politically.
  
  3. This thread needs merged with the one that CC started.
• gut

  CenterBHSFan;449277 wrote: Yes, there would be the proverbial short end of the stick, but that's still better than no stick at all. That's just realistic.

  
  And the people who don't own a house?
  
  Horrible idea on multiple levels. Not even worthy of discussion.
  
  The govt will end-up getting most of its bank bailout money back, maybe even all + a small profit, ultimately.
  The bailout of GM and Chrysler will not be nearly as costly as the initial outlays, not to mention ignoring it would have resulted in billions less in tax revenues & also billions in pension liabilities assumed by the Pension Guarantee Corp.
• gut

  BGFalcons82;449284 wrote: He's on the verge of forgiving the loans in order to stop foreclosures.

  
  No need to interrupt his basketball game to address this. The process already exists, it's called bankruptcy.
• CenterBHSFan

  

  Speaking of Hot Messes...
  
  Charlie Wilson is hugging himself so hard over his vote for this, there is danger of his arms breaking:
  

  
  Washington, DC—Today, Rep. Charlie Wilson (OH-6) voted to save 161,000 teachers’ jobs in America. The House reconvened this week to take up this emergency aid to help states keep teachers in classrooms. The Education Jobs and Medicaid Assistance Act is completely paid for and reduces the deficit by $1.4 billion over 10 years.

  
  Here's another pander for the Wilson schmucks:
  

  
  Washington, DC—Today, Rep. Charlie Wilson (OH-6) voted to save 161,000 teachers’ jobs in America. The House reconvened this week to take up this emergency aid to help states keep teachers in classrooms. The Education Jobs and Medicaid Assistance Act is completely paid for and reduces the deficit by $1.4 billion over 10 years.
  
  “These funds are needed immediately to prevent layoffs or actually rehire teachers,” Wilson said. “Ohio will receive enough funding to save about 5,500 teacher jobs. In the Sixth Congressional District the National Education Association estimates that 369 teacher jobs will be saved.”
  The bill is paid for, in part, by closing a loophole that actually encourages corporations to ship American jobs overseas.
  “We have to stop rewarding companies that shift our manufacturing jobs overseas,” Wilson said. “This bill takes the important step of closing tax loopholes that allow corporations to ship jobs to other countries. I will support any measure that keeps our jobs right here at home. I’m proud that we’re saving teacher jobs and preventing other jobs from being sent out of the country.”
  The legislation provides $10 billion in funding to save teacher jobs. It also provides $16.1 billion in health assistance to the states. The funding in the bill is supported by a majority of the nation’s Governors, including many Republican Governors.
  

  
  Of course there is no mention of what funds will be slashed from food stamps. That would require him to take his hands off his nuts.
  Instead, he tries to play it off by citing ONLY tax loopholes and propagandizing how he's sticking it to corporatists.
  I'm sorry I voted for this assinine, insipid, tiresome, worthless, union-whore!
  The Online Office of Congressman Charlie Wilson
  
  August 10, 2010 PRESS RELEASE: Wilson Votes to Save Ohio Teachers' Jobs
• mella

  fan_from_texas;449267 wrote:So the guy who bought a million dollar house on a $70,000 salary through a liar's loan should receive a windfall, while the family that saved up and made paying down their mortgage a priority get the short end of the stick?
  
  As a teacher, what do you think of a well-crafted merit-based pay system?

  
  
  I personally don't have a problem with merit pay. I am a GREAT teacher who thinks terrible teachers need to go and find other jobs. Can a person making $70,000 a year qualify for a million dollar loan? Regardless of government programs/ bailouts someone is always getting the short end of the stick. It seems that if you are a CEO of a large enough company you can suck as much as you want and never have to worry about responsibility. I rather a handfull of regular people get lucky and receive a windfall than another irresponsible banker, CEO, or elected official.
• BoatShoes

  fan_from_texas;449282 wrote: I'd rather see all student loans wiped out, but whatever.

  
  It seems to me that this could be quite beneficial. Imagine young workers able to spend or save or invest an extra $300 every single month? It also seems to me that, unlike a house, people cannot divest themselves of the human capital that paid for with student loans when they went to college. When it turns out that their degree was not worth the investment and they haven't been able to get a good job, they can't cut their losses and sell their knowledge to pay off their loans like you might be able to do with a bad home loan.
• fan_from_texas

  BoatShoes;452608 wrote:It seems to me that this could be quite beneficial. Imagine young workers able to spend or save or invest an extra $300 every single month? It also seems to me that, unlike a house, people cannot divest themselves of the human capital that paid for with student loans when they went to college. When it turns out that their degree was not worth the investment and they haven't been able to get a good job, they can't cut their losses and sell their knowledge to pay off their loans like you might be able to do with a bad home loan.

  
  $300/mo.? That would be a dream. Try $1,500-ish/mo.
• gut

  I don't like the idea of student loan forgiveness. Heck, you do that and how many of those idiots turn around and buy too much house and then need another handout? The govt provides very cheap student loans and the amount of assistance available is capped (don't know, maybe $25k outstanding), and that makes sense, too, from giving too much easy money that is probably not a good idea for many. But that limit could be bumped up. I have little sympathy for kids who took out $100k in loans and are realizing it was a bad investment. Stupidity should not be rewarded with a bailout at the cost of the taxpayer.
  
  Bumping the federal assistance would probably be a good idea, let people take up to $50k maybe. Combine that removal of tax exempt status for colleges and universities with outrageous tuitions - would help fund the program and also help to slow the ridiculous inflation in the price of an education. Say, for every $1 over $20-25k in tuition, $2-$3 per student will be taxed at 35% (makes it very difficult for universities to pass on this tax because $1 more in revenue will create @ $1 in additional tax liability).