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It is my sincere desire to provide readers of this site with the best unbiased information available, and a forum where it can be discussed openly, as our Founders intended. But it is not easy nor inexpensive to do so, especially when those who wish to prevent us from making the truth known, attack us without mercy on all fronts on a daily basis. So each time you visit the site, I would ask that you consider the value that you receive and have received from The Burning Platform and the community of which you are a vital part. I can't do it all alone, and I need your help and support to keep it alive. Please consider contributing an amount commensurate to the value that you receive from this site and community, or even by becoming a sustaining supporter through periodic contributions. [Burning Platform LLC - PO Box 1520 Kulpsville, PA 19443] or Paypal
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The cartoon depicts exactly what has happened to the average middle income American over the last forty years . Thanks to the ever present circle jerk of Wall Street to K-Street to Capitol Street . We are actually under a socialist oligarchy of the top percentage of those possessing the most wealth in the history of modern economies . Be it 1% or 10% regardless this massive transference of wealth has eroded the stability of our Republic .
Truly socialism for the top tier of society has done in the bottom 90% . With the total cost shift of health care insurence and retirement all planned out by the circle jerk to increase their wealth with no consideration for those left in their wake .
As long as the political muscle is bought and paid for average Americans and the republic are doomed !
Socialism is now raising its ugly head among the masses not because of how bad things have gotten but because of how well it has worked for the top 10% of wealthy citizens and of course their paid government minions right down to the school teacher and the cop on the street . Those in the employ of government have not had the effects of the Circle Jerk anywhere near what 100 MILLON plus working Americans have felt , and now judges (government employees) have rendered decisions to force the full funding of government employee pensions and its $7 trillon dollar shortage . There is only one place to even come close to squeezing that out of average Americans , their homes and any little savings they may have and the armed government minions can and will do it .
Any question why disarming average citizens keeps floating to the top of the pond scum in Washington DC ???
Correct Boat Guy:
It’s a policy of socialism for the rich, capitalism for everyone else. All of course masquerading as capitalism.
Track all donor money and you will see who REALLY makes the laws. They are all geared toward laws to make them have more and everyone else have less, with no upward mobility to lift themselves up.
http://www.opensecrets.org
It’s Time to Get Billionaires Off of Welfare
The difference in the viability of insolvent private-sector pensions vs. public-sector pensions is due to the bankruptcy code. Bethlehem Steel filed Chapter 11 in 2001. Shortly after that Bethlehem transferred their pension obligation to the U.S. Pension Benefit Guaranty Corporation. That’s when the rules of the game changed. Bethlehem’s “30 and out deal” was history, and anyone who hadn’t worked until age 62 got bupkis. All of this was allowed under Chapter 11 of the Federal Bankruptcy Code. With public-sector pensions, there is currently is no provision for states to file bankruptcy, so those pension obligations will probably survive (even if they have to squeeze the last dime out of the taxpayers). Chapter 9 allows for municipalities to file bankruptcy, but under Chapter 9 liquidation of municipal assets to pay creditors is essentially off the table. There has been some patchwork case law on the subject, and it’s conceivable some states and municipalities will voluntarily cut pension pay-outs to make ends meet. But I wouldn’t bet the farm on that. Some states like Illinois are statutorily prohibited from cutting pay-outs. Regarding Federal Government pensions, Fuhgettaboutit! This is how things will remain until Congress sees fit to update the Federal Bankruptcy Code to fit current realities.
marsh,
re illinois pensions,within the last 12-18 months the illinois supremes ruled that some of their govt pensions could be cut,don’t remember the details–
“With public-sector pensions, there is currently is no provision for states to file bankruptcy, so those pension obligations will probably survive (even if they have to squeeze the last dime out of the taxpayers). ”
No – they will survive only until the first wave of refusal to pay / bankruptcies / currency collapse / armed resistance makes it clear they will never be paid. And the new “government” repudiates the “odious debt” of the old, in order to incur new debt, and the cycle renews ….
I see it as economic Neo-Feudalism; royals (Evil Fuckers TM) in collaboration with nobles (5%ers) overseeing their serfs.
TPTB Rich are The Plague on the Earth, not the poor. TPTB have their DUMBs and their “SJW” god, but he is not the God of the Universe, and of True Justice, The God of The Apocalypse of Revelation (TPTB do not believe in God the Father. nor His Son, nor Christ’s Revelation). “Now when Jesus heard these things, he said unto him, Yet lackest thou one thing: sell all that thou hast, and distribute unto the poor, and thou shalt have treasure in heaven: and come, follow me.” (Luke 18:22) When “the dust settles”, there won’t be any of these Rich during Christ’s Reign on Earth.