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truedelphi

(32,324 posts)
Sat Dec 8, 2012, 05:40 PM Dec 2012

More proof that the poor and the vanishing middle class have taken their cuts already

First we let the "leaders" at the top give it away all; the monies to the biggest Financial Firms and to the Biggest Bankers.

We know the scarey little secret revealed during the Bernie Sanders-insisted-upon audit of The Federal Reserve: some fifteen to sixteen trillions of dollars was "loaned" by Bernanke to his buddies at large economic institutions across the world. For the most part, these firms have SAT ON THE MONEY. It is not being lent out to people. Experts tell us that some 4.7 trillions of these loans will never ever be paid back. Oh, but Goldman Sachs did buy themselves a great little nature preserve down in Patagonia.

At times, I have a niggling suspicion that there is an agenda afoot to let the middle class implode.

Several article hit the blogosphere today, that detail how hundreds of thousands of state employees have been pink slipped over the last few years, and furthermore, the Biggest firms are not paying ANY Taxes - it is enough to make one's head implode.


Reading the well written article listed below, that details Corporate Welfare is another gray matter imploder:

http://thinkbynumbers.org/government-spending/corporate-welfare/corporate-welfare-statistics-vs-social-welfare-statistics/


Apparently every single year, the Federal Government hands out about 92 to 94 billions of dollars to the nation's biggest corporations, while offering up less than two thirds of those amounts to the nation's actual poor. Yet it is the poor and the struggling middle class who are informed of their "Socialism" when they desire having Universal Single Payer health care.
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More proof that the poor and the vanishing middle class have taken their cuts already (Original Post) truedelphi Dec 2012 OP
Always left out of the conversation are loan breaks, subsidies, xchrom Dec 2012 #1

xchrom

(108,903 posts)
1. Always left out of the conversation are loan breaks, subsidies,
Sat Dec 8, 2012, 06:39 PM
Dec 2012

Tax give aways, etc to corporations - especially to those who don't produce anything but financial transactions.

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