A community of 30,000 US Transcriptionist serving Medical Transcription Industry

Financial Reform

Posted: May 6, 2011

I just thought I would start a contraversial topic before I take off for the day. I'll be back later to see the ruckus. LOL.

;

Financial reform...ha...what a joke. - sm

[ In Reply To ..]
I don't think any politician truly understands the meaning of that or truly has a clue how to do it. Some cuts are gonna have to be made somewhere. Personally...I think we should start cutting foreign aid and politician's salaries and bennies before we start taking money from the poor and the old...but that is just my opinion. Not to mention bringing our troops home. We can still look for high ups in the terrorist ring without actually having so many troops over there. We shouldn't be rebuilding other countries...especially countries whose citizens seem to hate us and want us out of their business. Just my opinion though.

Oh...and we should stop giving money to Brazil to help them drill for oil when we should be drilling for oil here until we can find a feasible and inexpensive alternative fuel source. We cannot get rid of our ugly addiction for oil if there is no alternative no matter how high gas prices are jacked up. Even the electric cars which Obama is pushing for uses oil. How do you think we get electric power? We sure as heck don't get electric power by a bunch of hampsters running in wheels generating power now do we? So when we plug in our cars to charge them......fossil fuels play a huge role in charging our ELECTRIC cars.

Okay, I'll see your cuts and - see message

[ In Reply To ..]
I agree with you that we should start cutting at least some foreign aid. There are humanitarian causes that I believe we can afford if we can finally get out of Iraq, a war we never should have fought, a war that has cost us so many lives and put our country in debt. I agree that we start with politician's salaries and bennies with the understanding that we'll let better salaries and benefits 'trickle down' to them from us, their bosses, when we have jobs and benefits and can afford to let some of 'our' profits trickle down to them. I certainly, wholeheartedly agree that we do that before we start taking money from the poor and the old. That isn't just your opinion. It's mine too. Our country is great because we care about those who can't care for themselves, the poor, downtrodden, the sick, those who have been economically wiped out by earthquakes, hurricanes, floods, and tornadoes.

I so agree with you that we shouldn't be rebuilding other countries, and I'll add that we should rebuild other countries unless we are willing to let them have a go at rebuilding ours, and that's not going to happen. We HAD to go after Bin Laden. He orchestrated the attack against us. There may be others who attack us and we'll have to go after them, but let's make sure we do only what we have to and not have mission leak into other countries and other wars.

I think we're going to be using oil far into the future. I don't see anything else that is ready to replace it. I've been watching a stock of a company that uses thermal energy and another one that uses energy from waves. Neither one is mature enough to make a measurable difference. It's good that those ideas are out there. Let's explore them, but I think it's oil or nothing for right now, with maybe natural gas. The oil companies don't need subsidies though. They have enough money. They are not a humanitarian cause.

I heard of someone yesterday who make over 100 million every year. We're hearing from many of the wealthy that they have so many tax write-offs that, as Buffet says, his secretary pays more in taxes than he does. There is a huge income inequality or let me say tax inequality that needs to be fixed. Then let's let the IRS agents get out there and collect taxes from people who are cheating. The numbers show that for every $1 dollar in IRS salaries, $10 is collected. That's a whole lot of money (revenue) right there that belongs to us, ready for the taking. We may need to hire more IRS agents if that's the case. JOB CREATION!

From what I understand, there is no way to 'tax cut' or 'tax add' our way out of our budget problems. States have tried it and those states, Texas being one of them "Get that government out of our state; hey government, why aren't you helping us after the wildfire crisis we've been having, you useless government, send us money fast!' But I digress. Some states, Texas being one of them, are in dire conditions right now. Texas and several other states had cut taxes so low that they can't pay their bills. We need calmer heads to find better solutions. Personally, I was making money hand-over-fist when we had the tax policies during Clinton's time. While Clinton wasn't my hero, the fact is, his tax policy worked for me. Bush's tax cuts happened and the economy fell apart. You can't convince me that those tax policies aren't an enormous part of what happened. Do I want to pay more taxes? No, but I sure would if I could get back to the place I was at financially when I almost enjoyed paying those taxes. I made a lot of money! Now, sadly, not so much. I don't have to pay many taxes, which also isn't great as far as revenue for our country and my state, and I also can't buy goods and services that I used to buy.

Not a huge Clinton fan either - sm

[ In Reply To ..]
but I was never a Bush tax cut fan either. I don't think the tax cuts alone brought us down. I think the housing bubble...which started before Bush....had a lot to do with that. You can't force banks to give risky loans to anyone and everyone who wants to buy a house. I think a lot of things have finally caught up with us. The risky loans, the tax cuts, outrageous spending, wars, stimulus packages that didn't stimulate squat, etc. It has all finally caught up with us and I agree that no tax cut and/or hike is gonna get us out of this mess.

I personally blame all politicians through several administrations. I agree that Obama inherited a big ole mess...but it is also my opinion that he hasn't done much that has helped either. We have devalued our dollar, continued wars we shouldn't have started in the first place, and spent money like it grows on trees. Before this major crisis...I don't think either republican or democrat had any desire to actually do what was right by us little people. Now that we are all seriously pi$$ed and keeping a close watch....several are changing their tunes.

I also believe that we haven't seen the end of this. I fear we are headed for another dip in the economy and this could be much worse than the last dip. As much as I hate taking money from the poor and old....we do have a problem with entitlement programs. Too much abusing of the system, etc. I heard the other day that 1 out of 7 people are on food stamps. That is just crazy! We have GOT to do something to help these people so they don't have to receive entitlements....the problem is...I'm not sure how to go about that. We can't just keep giving people money though.

I also agree that these right offs and loopholes that are being used by businesses and the rich need to be stopped immediately....but no politician is gonna tackle that since they too are rich and they don't wanna screw their fellow rich friends and/or campaign contributors. Both political parties are guilty of this as well.

Can't disagree with you, but on one point, GM is going great guns! - Shhhh!

[ In Reply To ..]
Remember when they made all those comments about how the government would tell GM how to build the cars, where to put the batteries, how to design them, and all sorts of ridiculous fears of what would happen if GM took over a car company.

Apparently the government didn't make them redesign anything or do anything outlandish to them. They are hugely successful as they are getting back to hiring people, JOBS!, getting to the point where they will be paying taxes, REVENUE!, and basically just being a successful, healthy American company. That's one small step in the right direction.

Our country desperately needs to make things we can sell, like cars - nm

[ In Reply To ..]
nm

Totally agree! - sm

[ In Reply To ..]
We need to start making more things here and try and keep our jobs from leaving our country. You can't hardly find anything made in America when you go shopping anymore. It is just sad.

The politicians who sold us on how this is a global economy and we must participate - Blah Blah Blah

[ In Reply To ..]
Those politicians sold us a bill of goods. They have hurt us more than those who got us into unnecessary wars or vote to pay themselves too much money, etc., all put together. They sold us out. I hate to hate, but I HATE lobbyists.

I agree... - sm

[ In Reply To ..]
Totally wish Obama would have kept his promise about no lobbyists. Lobbyists are the bane of our country.

Let's hope that's one of the next things on his To-Do List - sm

[ In Reply To ..]
Hmmm. That would mean of course that he would not be there to get anything done as President next term, because lobbyists = power, and they would not allow him to win. Hmmm, again. I hadn't thought about that. I'm not sure any President will be able to fix that one.

Congress is bought and paid for by lobbyists and wouldn't let him change that system - nm

[ In Reply To ..]
nm

Seems like the whole lot of them are - sm

[ In Reply To ..]
corrupt. Irritating really. As much as I can't stop listening and reading political news....I am really sick and tired of politicians. ;)

I hear ya. I feel the same way. - nm

[ In Reply To ..]

My husband runs a Chevy dealership - sm

[ In Reply To ..]
and sales have gone up so far this year. We are hoping these crazy gas prices don't slow the momentum of sales.

YES!!! That's the kind of good news our country needs - nm

[ In Reply To ..]
nm

Similar Messages:

Dec 11, 2009
Thoughts on the bill passed in the House today? Too little, too much? I think it's a good step but there are no guarantees Big Business won't find loopholes. In fact, I'm quite sure they will try. In the meantime, however, it sends a good message that we will be watching. I'm also sure the senate will take months with this. Will that lead to a watered-down version? I guess it depends on how hard the constituents press their elected officials. NJ ...

Jul 18, 2010
I have been reading articles on what is, and what is not, included in this new law. Not a single article agrees this is real reform. It still gives Wall Street (SEC) and big banks the freedom to do what they want. This is not good. It's what I've been saying all along. The idea of financial reform was supposed to stop the abuse, but it may give the above more free rein in what they do. I'm posting one article from MSNBC. Please be sure to read the ful ...

Jun 24, 2010
Dylan Ratigan is freaking out of the changes Chris Dodd and Barney Frank are trying to make to this financial reform bill: The long-awaited showdown between banks and Sen. Blanche Lincoln over her derivatives reform section of the Wall Street bill begins Thursday. The conference committee will consider an offer made by the House to amend Senate legislation that forces banks to spin off their swaps desk and separately capitalize that operation, while also bringing the business out into the open, ...

May 21, 2010
Hopefully, when the Senate and House blend the bills, it will truly be good for the country. Only time will tell. I noted that 3/4 of the amendments were not introduced or voted on in the Senate. WASHINGTON - Prodded by national anger at Wall Street, the Senate on Thursday passed the most far-reaching restraints on big banks since the Great Depression. In its broad sweep, the massive bill would touch Wall Street CEOs and first-time homebuyers, high-flying traders and small town lenders. T ...

Jun 30, 2010
They've gutted the House financial reform bill and Bernie Sanders if furious. It doesn't help the consumer. It doesn't do much more than what was already in place before the bailouts; i.e., why did they even bother? All they did was waste time. Please see articles below. Financial Reform Bill: Bonfire of the Loopholes: http://www.newsweek.com/2010/05/21/bonfire-of-the-loopholes.html?from=rss”>%20Newsweek Reform Without Punishment: http://www.newsweek.com/blogs/t ...

Jul 15, 2010
I must go look at it now that it passed. There were stipulations that didn't rein in Wall Street but one article I read stated it does that. "The Senate passed the financial overhaul package in a final vote Thursday, ending more than a year of wrangling over the shape of the landmark legislation. The focus now shifts to the monumental task of implementing the new regulations over coming weeks and months. The 60 to 39 decision came just before 3 p.m, only a few hours after Democr ...

Feb 02, 2010
Nine months after he penned a memo laying out the arguments for health care legislation's destruction, Republican message guru Frank Luntz has put together a playbook to help derail financial regulatory reform.In a 17-page memo titled, "The Language of Financial Reform," Luntz urged opponents of reform to frame the final product as filled with bank bailouts, lobbyist loopholes, and additional layers of complicated government bureaucracy."If there is one thing we can all agree on, it's ...

Mar 13, 2010
Like so many right now, due to pay cuts in the last year, I am in need of any additional prayer anyone can give. My pay has been cut nearly in half. I don't qualify for bankruptcy because my name is on 1/4 of my mom's house. She has early dementia and is fighting us on all fronts right now because she's in denial. She just had another TIA and is refusing to go for an MRI or see the neurologist. She refuses to sell the house, which she needs to do anyw ...

Jul 17, 2017
If a company offers a 401K through (for example) Charles Schwab and said company goes out of business, is the 401K safe or frozen or ?? Thank you. ...

Mar 03, 2012
I need a miracle from God to save me from financial disaster. Please lift me up in prayer as I will pray for others who are in the same predictament as I am. In Jesus name, I pray for all who are hurting because of the economy and financial problems. ...

Jan 20, 2011
institutions. A new rule approved by the FDIC went into effect that creditors and shareholders will now have to absorb some of the losses when the federal government steps in to dismantle large failing financial firms. Congress gave the FDIC the authority to wind down troubled firms and sell their assets; i.e., shareholders and unsecured creditors should understand that the taxpayers are not at risk any longer to bail them out. That's okay but if you have a balanced fund, most ...

Feb 16, 2010
Hi, first I wanna say I think it's awesome that there is a prayer request area on here. :) Anyway, I'm going through a lot of trials right now, and I really need God to show me what to do. My house is in foreclosure ("under review" for a workout plan so I'm in limbo and at their mercy), my health is not good right now (IDDM, hypothyroidism, et. al.), I am very unhappy at my job (full time orthopedic transcription but lots of stress and mean people; wanting to go ...

Mar 17, 2010
Sometime this year, we taxpayers will again receive another " Economic Stimulus" payment. This is indeed a very exciting program, and I'll explain it by using a Q & A format: Q. What is an 'Economic Stimulus' payment ?A. It is money that the federal government will send to taxpayers.Q. Where will the government get this money ?A. From taxpayers. Q. So the government is g ...

Jun 19, 2011
Please pray that I get relief from financial siituation in which I am losing everything. My house is being foreclosed on, I have bad credit, a car that is barely drivable, relatives who need help and I am getting terrible stomach problems over this worry. Please agree with me in prayer that God will lead me out of this mess. Thank you! ...

Oct 02, 2012
If your son or daughter came to you and said they were not buying gifts this year because money was tight and needed for bills, would you give them money to buy gifts for their children who are 17 and 19? ...

Jul 09, 2016
I would like to ask for prayer for financial difficulty. I transcribe at home (mostly general transcription), and I work hard and it never seems like enough and we are knee deep in debt and need much more coming in. I keep granddaugther full-time also and my daughter (her mom) cannot afford to pay me for it - but I reallly need her to. I also homeschool my daughter- she had really bad panic attacks when she went to public school, my husband works full time, thank God, but we re ...

Nov 05, 2015
It seems that he had to return $16,000 in stolen funds for repairs to his minivans, movie tickets, vacation. The closest fall guy has gone to prison for this. Rubio is not going to be able to wash this off fast enough. ...

Dec 06, 2010
I am desparately in need of prayers for my financial situation. I cannot pay my rent this month and doubt that I will be ableto pay it in January despite not paying other bills. Thanks for much! ...

Sep 26, 2012
is worse than ever!! No way to pay bills at all this month!! ...

Nov 09, 2014
I'm afraid that my answer to Kentuckian wouldn't be seen since I didn't realize that the posts were so far down on the page. i think i posted the wrong link in that post, too, but it was also good info. :) How the Democrats Created the Financial Crisis: Kevin Hassett Commentary by Kevin Hassett - September 22, 2008 00:04 EDT Fannie and Freddie did this by becoming a key enabler of the mortgage crisis. They fueled Wall Street's efforts to securitize subprime loans by ...

May 05, 2017
But international students pay full price and must certify they have sufficient funds to cover tuition A program to be rolled out at Emory University this fall pledges to pay “100% of demonstrated financial need for undergraduate Undocumented Students (with or without DACA) who are admitted as first-year, first-degree-seeking students,” campus officials state online. More than 200 faculty members recently signed a petition to university President Claire Sterk demanding Emory be declar ...

Feb 04, 2012
I am 39 years old wanting to go back to college to become an RN. I will start out for the first 2 years at the community college to finish those basic courses I didn't do 20 years ago. When I went to school back right after high school my parents dealt with the financial aid. Now that I am looking at it there are so many resources apparently out there to help find grant money and scholarships, but I'm getting nowhere, and more confused. FIRST QUESTION: I ...

Mar 11, 2015
How convenient. ...

Jan 22, 2010
By Daniel TencerThursday, January 21st, 2010 -- 6:31 pm 'If these folks want a fight, it’s a fight I’m ready to have': Obama On the same day that President Barack Obama announced an ambitious plan to reform the US financial system, bankers at the largest Wall Street institutions indicated that they are already finding ways around the proposed changes. Sources at three Wall Street banks told BusinessInsider's John Carney that "they are already finding ways to own, in ...

Sep 14, 2012
Anyone want something important to read, the NEEDS to be read, directly applicable to all of us regardless of politics? I think this article in The Atlantic about how our government has quietly been taken over by a business-lead oligarchy (while we quarrel with each other) should qualify. The Quiet Coup The crash has laid bare many unpleasant truths about the United States. One of the most alarming, says a former chief economist of the International Monetary Fund, is that the finance ind ...

Dec 03, 2016
ou may be funneling money into the kind of hate-based operations associated with people who advocate killing cops in America. A Breitbart.com investigation found that “W.K. Kellogg Foundation has partnered with and given major donations to George Soros’s Open Society Institute and the Tides Center as part of its massive push to promote a far-left agenda.” George Soros, often described as an “international terrorism money man,” is a key funding source for numerous radical, left-wing, ...

Jan 07, 2015
Score 1 for Dodd-Frank and one goose egg for Congress. ...

Mar 15, 2010
LIE: "There is no federal funding for abortions in the bill." Obama and Pelosi have insisted that there is no federal funding of abortions in the bill: http://www.healthcarebs.com/2010/03/08/video-pelosi-obama-lie-about-abortion-funding-in-senate-reform-bill/ But Rep. Stupak says otherwise: "Stupak notes that his negotiations with House Democratic leaders in recent days have been revealing. “I really believe that the Democratic leadership is simply unwillin ...

Mar 22, 2010
Does anybody know how this might positively or negatively affect our jobs as transcriptionists. I haven't really been following the particulars of the bill that closely. ...

Apr 24, 2010
Click on O's pic and you can play the video. BTW, I applaud AZ for taking matters into their own hands since the government has been so lax in protecting its citizens from crimes committed by illegals. I think this has come to a head since the death of the farmer killed a few weeks ago. It is also a way to force the government to start paying attention. Illegal is ILLEGAL. While others have come here legally, others have followed illegally. It must be stopped but as an af ...