Black People : Budget Cuts cutting up the Black community/ but Deficit was based on..?

Discussion in 'Black People Open Forum' started by Ankhur, Feb 19, 2011.

  1. Ankhur

    Ankhur Well-Known Member MEMBER

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    After the trillions of dollars of bailout to banks that refuse to loan to Blacks with small businesses and doing for self with AAA raings,
    after the black farmers gettign a measly 50 grand a piece, which will not ay for 1/4 of the debt the acrued from loss of crops in waiting for the settlelement,
    after watching schools close all over the antion in black neighborhoods, and public houseing sold to white regentrifiers

    we are now told that after the huge amount of taxes we have paid that even more cuts have been required

    just this morning 60 billion, and that;s just a start, and the excuse


    to make up for the deficit

    WHAT CAUSED THE DEFICIT, AND WHY ARE WE PAYING FOR IT WITH OUR TAXES AND LESS SERVICES???


    http://www.globalresearch.ca/index.php?context=va&aid=23265
     
  2. Ankhur

    Ankhur Well-Known Member MEMBER

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    Wall Street wasn’t through with us when the banksters sold their fraudulent derivatives into our pension funds, wrecked Americans’ job prospects and retirement plans, secured a $700 billion bailout at taxpayers’ expense while foreclosing on the homes of millions of Americans, and loaded up the Federal Reserve’s balance sheet with several trillion dollars of junk financial paper in exchange for newly created money to shore up the banks’ balance sheets.

    The effect of the Federal Reserve’s “quantitative easing” on inflation, interest rates, and the dollar’s foreign exchange value are yet to hit. When they do, Americans will get a lesson in poverty.

    Now the ruling oligarchies have struck again, this time through the federal budget. The U.S. government has a huge military/security budget. It is as large as the budgets of the rest of the world combined. The Pentagon, CIA, and Homeland Security budgets account for the $1.1 trillion federal deficit that the Obama administration forecasts for fiscal year 2012. This massive deficit spending serves only one purpose--the enrichment of the private companies that serve the military/security complex. These companies, along with those on Wall Street, are who elect the U.S. government.

    The U.S. has no enemies except those that the U.S. creates by bombing and invading other countries and by overthrowing foreign leaders and installing American puppets in their place.


    http://www.globalresearch.ca/index.php?context=va&aid=23265
     
  3. Ankhur

    Ankhur Well-Known Member MEMBER

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  4. Ankhur

    Ankhur Well-Known Member MEMBER

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    Published on Monday, March 7, 2011 by CommonDreams.org
    America Is Not Broke
    by Michael Moore
    Speech delivered at Wisconsin Capitol in Madison, March 5, 2011

    America is not broke.

    Contrary to what those in power would like you to believe so that you'll give up your pension, cut your wages, and settle for the life your great-grandparents had, America is not broke. Not by a long shot. The country is awash in wealth and cash. It's just that it's not in your hands. It has been transferred, in the greatest heist in history, from the workers and consumers to the banks and the portfolios of the uber-rich.

    Today just 400 Americans have more wealth than half of all Americans combined.

    Let me say that again. 400 obscenely rich people, most of whom benefited in some way from the multi-trillion dollar taxpayer "bailout" of 2008, now have more loot, stock and property than the assets of 155 million Americans combined. If you can't bring yourself to call that a financial coup d'état, then you are simply not being honest about what you know in your heart to be true.

    And I can see why. For us to admit that we have let a small group of men abscond with and hoard the bulk of the wealth that runs our economy, would mean that we'd have to accept the humiliating acknowledgment that we have indeed surrendered our precious Democracy to the moneyed elite.

    http://www.commondreams.org/view/2011/03/07-5
     
  5. Ankhur

    Ankhur Well-Known Member MEMBER

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    Obama, Congress Ratify Social Spending Cuts


    By Patrick Martin


    Global Research, December 19, 2011


    World Socialist Web Site




    The budget agreement passed by Congress and signed into law by President Obama Saturday puts in place cuts for the current fiscal year that target social spending, particular energy assistance and education.
    One of the biggest single cuts comes in low-income heating assistance, which is slashed 25 percent, or $1.2 billion, compared to last year’s figure. This cut is particularly cruel, coming at the onset of winter, and insuring that tens of thousands of poor and elderly people will face the danger of hypothermia and potential death.
    Another $1.4 billion was cut from labor, health and education spending, including $225 million from the outright elimination of 22 separate programs, many of them related to job training.
    An estimated 100,000 youth will be cut off Pell grants, the main program for aiding low-income college students, and the maximum amount of the grant will be frozen at $5,500 for another year, forcing millions of students to bear the brunt of sharply rising tuition and fees. Total cuts in Pell grants, spread over several years, come to $1.36 billion.
    The basic outlines of the budget were determined by the bipartisan agreement last August that raised the federal debt ceiling and set limits on the total amount of spending for the current fiscal year, which began September 30. Both the Democratic-controlled Senate and the Republican-controlled House adhered to these ceilings.
    The House passed a $915 billion omnibus appropriations bill that combined the spending for 10 federal departments—including Defense, Education, Energy, Health and Human Services, Homeland Security, Interior, Labor—as well as the Environmental Protection Agency, into a single 1,200-page bill.
    The bill included an additional $126.5 billion for overseas contingency funds, mainly for the war in Afghanistan, bringing the total appropriated to $1.042 trillion. Overall military spending will rise $5.1 billion from 2011 to 2012, despite the cuts everywhere else in the budget.
    The bill was approved Friday by a 296-121 vote, with 86 Republicans, mostly right-wing Tea Party supporters, comprising the bulk of the opposition. The majority of the Republicans and nearly all the Democrats rejected calls to tear up the bipartisan budget deal and impose even more draconian spending cuts.

    http://globalresearch.ca/index.php?context=va&aid=28281
     
  6. Shikamaru

    Shikamaru Well-Known Member MEMBER

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    How much of what you discussed deals with acquiring,holding, and protecting private property?

    You are discussing equitable interests, not property. That's the problem in my opinion.
     
  7. Ankhur

    Ankhur Well-Known Member MEMBER

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    what in the world are you talking about brother?

    How many people of African descent have lost their private property homes as well as farm land and are now in working class or working poor or poor status, since the economic decline and swindle in the past 3 years?

    What is the percentage of Black poor out of the 50% in poverty in this nation?

    What is the percentage of African Americans who rely on this, who rent and have no private property, and rely on these things being cut?
    One of the biggest single cuts comes in low-income heating assistance, which is slashed 25 percent, or $1.2 billion, compared to last year’s figure. This cut is particularly cruel, coming at the onset of winter, and insuring that tens of thousands of poor and elderly people will face the danger of hypothermia and potential death.
    Another $1.4 billion was cut from labor, health and education spending, including $225 million from the outright elimination of 22 separate programs, many of them related to job training.
    An estimated 100,000 youth will be cut off Pell grants, the main program for aiding low-income college students, and the maximum amount of the grant will be frozen at $5,500 for another year, forcing millions of students to bear the brunt of sharply rising tuitio

    And what is the percentage of individuals in the national Black community
    at this particular time of economic decline in the United States can afford to right now to?;
    How much of what you discussed deals with acquiring,holding, and protecting private property?
     
  8. Shikamaru

    Shikamaru Well-Known Member MEMBER

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    I thought it clear from the post what I am talking about.

    I'm glad you've stated this. Let's clear up a misconception.
    Property does not just include land or homes, but property also includes corn, honey, wheat, beans, oil, gold, silver, copper, tools, fuel, guns, bullets, and much, much more.

    Property ... stuff....stuff to produce or exchange.

    A mortgage is not property. Stocks aren't property. Federal Reserve Notes are not property. Social Security is not property. Public schooling is not property. Public libraries are not property.

    How about teaching property and property rights instead of Social Security and public schooling?

    You've partly answered my question. If you had private property, then that is a great step towards staying out and away from poverty.



    Heating assistance is not property. Public services are not property.
    Grants are not property.

    Do you have property?

    If you are working for Social Security, public schooling, public libraries, public services, and taxes then expect to be property-less.
     
  9. Ankhur

    Ankhur Well-Known Member MEMBER

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    OK brother now you can make a post about Black folks who have that property and are not catching hell

    This post is about the 60% of Black folks who are and will be catching hell!!!!!!!!!!!!!!!!!!!!!!!!
     
  10. chuck

    chuck Well-Known Member MEMBER

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    Chuck:

    What are you suggesting as an alternative to the present crap those on the top were/are expecting both parties to help prop up?
     
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