Mugato: Mitt Romney is a Mormon, that's pretty much all I have to know about him.

Didn't he live in his son's basement?

hillbillypharmacist: Mugato: Mitt Romney is a Mormon, that's pretty much all I have to know about him.

Also, his son is named Tagg.

Did he adopt one of the Palin kids?

Let me show you my shocked face.

Philip Francis Queeg: hillbillypharmacist: Mugato: Mitt Romney is a Mormon, that's pretty much all I have to know about him.

Also, his son is named Tagg.

Did he adopt one of the Palin kids?

Nah, that's Trigg. This is the special love child they had before she bonked the basketball star remember?

that's not how social security works

hillbillypharmacist: Mugato: Mitt Romney is a Mormon, that's pretty much all I have to know about him.

Also, his son is named Tagg.

What is his other son named? You're It?

If Social Security is a Ponzi scheme, so is the entire planetary economy.

hillbillypharmacist: Also, his son is named Tagg.

Why do conservatives give their children such weird names? It seems like liberals are more likely to give their children biblical names like David or John or Elizabeth while conservatives go for shiat like Trigg, Tagg, Kaden, Jaden, etc.

meat0918: Yes, destroy the one Republican that has a snowball's chance of winning the primary and still able to court independent voters in the general.

That's the hope. Bring on Cain/Bachmann!

Hey I have a great idea, let's make a hedge fund guy our President!

Tagg, your itt.

TofuTheAlmighty: If Social Security is a Ponzi scheme, so is the entire planetary economy.

Now that you mention it......

If Trigg and Tagg got married in a homosexual union, and adopted a child, would the child be named Trigonometry?

Mitt Romney: a Gordon Gekko that wears magical underwear.

archichris: Our Welfare state is so brokes its insane....Just take this one figure.....

The US spends $360,000 every year for every child born that year in total Social Security , Medicare, Medicaid. It goes up every year.

So ask yourself this......how can we claim that we are not charging those kids $360,000 each for the welfare state?

we are certainly spending that much per birth, so its on every persons head.....$360,000 in spending and debt on welfare......

Thats the true cost of welfare, that you will have to work to pay off $360,000 for your entire life just so the poor could have one year of misery.

Where did you come up with such insane figures like that?

archichris: Did I miss the scandal?

Are we supposed to imprison everyone who works for a company that engaged in a fraud?



So all the Enron Employees should go to jail?

s/should/did/ for values of "employee" involving the board and upper management, and the answer is: yup, they sure did.

archichris: Our Welfare state is so brokes its insane....Just take this one figure.....

The US spends $360,000 every year for every child born that year in total Social Security , Medicare, Medicaid. It goes up every year.

So ask yourself this......how can we claim that we are not charging those kids $360,000 each for the welfare state?

we are certainly spending that much per birth, so its on every persons head.....$360,000 in spending and debt on welfare......

Thats the true cost of welfare, that you will have to work to pay off $360,000 for your entire life just so the poor could have one year of misery.

Wat?

This article actually linked to a much more interesting one:

"Dude," I said. "These people aren't protesting money. They're not protesting banking. They're protesting corruption on Wall Street."

...

Cain seems like a nice enough guy, but I nearly blew my stack when I heard this. When you take into consideration all the theft and fraud and market manipulation and other evil shiat Wall Street bankers have been guilty of in the last ten-fifteen years, you have to have balls like church bells to trot out a propaganda line that says the protesters are just jealous of their hard-earned money.

Link (new window)

archichris: Our Welfare state is so brokes its insane....Just take this one figure.....

The US spends $360,000 every year for every child born that year in total Social Security , Medicare, Medicaid. It goes up every year.

So ask yourself this......how can we claim that we are not charging those kids $360,000 each for the welfare state?

we are certainly spending that much per birth, so its on every persons head.....$360,000 in spending and debt on welfare......

Thats the true cost of welfare, that you will have to work to pay off $360,000 for your entire life just so the poor could have one year of misery.

Yeah, that's AWFUL what the Welfare Mommas did to prompt Romney to buy in to the scheme!. Wait, they didn't? Then WTF does this have to do with the price of rice in China?

TofuTheAlmighty: If Social Security is a Ponzi scheme, so is the entire planetary economy.

You've got something there.

Nothing new here. Romney is dead set against any sort of regulation on Wall Street. Fraud, Ponzi schemes, outright theft, etc, are what Romney thinks needs to be protected.

Vegemite: Where did you come up with such insane figures like that?

Oddly enough, the figure is accurate. Outlays for SS, Medicare, & Medicaid total about $1.5 trillion and there were ~4.3 million live births last year. Simple division yields a number very close to $360 grand per baby.

But that number is so divorced from reality and honesty that I just slapped myself for bothering to do something besides point and laugh at a right-winger's abject dumbassery.

archichris: Our Welfare state is so brokes its insane....Just take this one figure.....

The US spends $360,000 every year for every child born that year in total Social Security , Medicare, Medicaid. It goes up every year.

So ask yourself this......how can we claim that we are not charging those kids $360,000 each for the welfare state?

we are certainly spending that much per birth, so its on every persons head.....$360,000 in spending and debt on welfare......

Thats the true cost of welfare, that you will have to work to pay off $360,000 for your entire life just so the poor could have one year of misery.

All numbers 2010
Social Security - $695B
Medicare - $453B
Medicaid - $290B
total - $1438B

~4.3M births - so the total comes to $334k spent per child. Maybe your source included some other form of welfare to drive the number up a bit more.

But the number is meaningless. The total per birth to pay for War will be around $160k. So each child's 'head' is worth $160k in death and destruction?

Statistics like that are how dumb people think they are smart.

IXI Jim IXI: madgonad: But the number is meaningless. The total per birth to pay for War will be around $160k. So each child's 'head' is worth $160k in death and destruction?

...but only if those heads asplode

Yeah, exploding heads are cool.

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For simplicity's sake, $50k annual salary (roughly avg.) for the working ages of 23 through 70.

$50k/yr x 7.65% (EE FICA) + $50k/yr x7.65% (Emp. FICA) = $7,650

$7,650 x (70 -22) = $367,200 paid for spending the $360,000 on debt and welfare


But big numbers are scary so we should cut taxes because socialism.

This is lame and dishonest even by Lee Fang/ThinkProgress standards.

I'll just highlight one problem with this "story" - what Fang claims the three former Stanford employees were paid during their time at Stanford.

Fang writes:

- Solamere Advisors managing partner Tim Bambauer made $1,143,392 in incentive pay selling fraudulent CDs to investors.
- Solamere Advisors partner Deems May made $465,000 in incentive pay selling fraudulent CDs to investors.
- Solamere Advisors operations manager made Brandon Phillips $70,000 in incentive pay selling fraudulent CDs to investors.

For Bambauer, if you look at the actual document that Fang references, you'll see that he did indeed receive $1,143,392 in incentive pay from Standford. $83,351 in CD commissions, $130,041 in quarterly bonuses, and $930,000 in loans.

Funny thing about loans, people usually have to pay them back. Usually with interest. So claiming that as pay is kinda dishonest.

For Deems May, the entire $465,000 that Fang claims he was "paid" was in the form of loans.

And finally, for Brandon Phillips, his entire $70,000 in "pay" was in the form of loans as well.

So, when you actually look at the facts, of the three men that Fang is trying to smear as part of the Stanford Ponzi scheme, only Bambauer actually made any money.

One last thing, Bambauer was only at Stanford for a little over a year and, according to him, his family invested in some of Stanford's fraudulent CDs, so I doubt he was in on the scam.

redking194: Funny thing about loans, people usually have to pay them back. Usually with interest. So claiming that as pay is kinda dishonest.

Not true!

Five years ago while I was working on due diligence prior to an acquisition we encountered a similar practice. Executives were paid in loans - loans that were not taxed as income. Loans which were eventually written off as a loss. So the government was getting screwed out of tax revenue - which is illegal. However, good accounting can hide this type of deception. Better accounting can find it though. Regardless, you should generally assume loans issued to individuals or husband/wife LLCs are being used to hide income.

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madgonad: redking194: Funny thing about loans, people usually have to pay them back. Usually with interest. So claiming that as pay is kinda dishonest.

Not true!

Five years ago while I was working on due diligence prior to an acquisition we encountered a similar practice. Executives were paid in loans - loans that were not taxed as income. Loans which were eventually written off as a loss. So the government was getting screwed out of tax revenue - which is illegal. However, good accounting can hide this type of deception. Better accounting can find it though. Regardless, you should generally assume loans issued to individuals or husband/wife LLCs are being used to hide income.

/themoreyouknow.jpg

Even though written-off loans are considered income?

him being Mormon is a REASON to vote for him.