THINGS YOU MAY HAVE MISSED (TYMHM)
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OBOF
YEAR FIVE INDEX
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TYMHM
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Jan.
07, 2015
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TYMHM Vol 15 - No 1
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Jan.
19, 2015
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TYMHM Vol 15 - No 2
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Feb. 03, 2015
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TYMHM Vol 15 - No 3
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Feb. 23, 2015
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TYMHM Vol 15 - No 4
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Mar. 02, 2015
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TYMHM Vol 15 - No 5
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Mar. 06, 2015
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TYMHM Vol 15 - No 6
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Mar. 13, 2015
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TYMHM Vol 15 - No 7
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Mar. 23, 2015
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TYMHM Vol 15 - No 8
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Mar. 28,
2015
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TYMHM Vol 15 - No 9
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Apr. 13,
2015
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May 02,
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TYMHM Vol 15 - No 11
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May 09,
2015
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TYMHM Vol 15 - No 12
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May 19, 2015
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TYMHM Vol 15 - No 13
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May 26, 2015
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May 29, 2015
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TYMHM Vol 15 - No 15
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July 28, 2015
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TYMHM Vol 15 - No 16
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Sept. 15, 2015
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TYMHM Vol 15 - No 17
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Sept. 20, 2015
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TYMHM Vol 15 - No 18
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Sept. 27, 2015
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TYMHM Vol 15 - No 19
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Oct. 07, 2015
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TYMHM Vol 15 - No 20
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Oct. 13, 2015
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Agenda
1.
FROM FLOYD
The Democratic Presidential Debate.
2. Bernie
for President
Immediately After the Debate
3. Bernie Sanders: ‘Don’t be surprised if we
do well with a number of Republicans’
4. Community viewpoint:
Why Social Security is
in Trouble
FROM FLOYD
The Democratic Presidential Debate.
Well, the Democratic Presidential Debate was certainly different than
what you have seen when the Republicans performed their circus. Actually, in the true meaning of
"debate," this was not a debate, but a discussion of various view
points on various subjects.
It was a discussion of the problems of our country, and how each would
address those problems as President.
There wasn't one dig at one another and in fact, there was some
supporting of each other. That comes to
mind when Bernie set the country straight about using e-mails as part of the
Republican Campaign tactics.
As far as winners and losers are concerned, I don't think there was one
that really stood out. I feel that
Hillary and Bernie both came out very good.
Bernie had a real good interview after the close of the debate. With regard to the other three, I felt that
Martin O'Malley did well. I was not at
all impressed with Webb or Chafee.
Of course, I am a Sanders man and I was very pleased with his
performance. As soon as he left the
stage, he sent an e-mail to all his supporters.
I am enclosing it here.
First though, I want to point out that when the Republicans had there
circus, all major networks carried it.
Not one media carried this tonight except, of course, CNN who sponsored
the debate. Those billionaire
Republicans really control anything they want to. We have got to get them out of this. The Republicans have got to go. They just have to go.
Bernie for President
Immediately After the Debate
Floyd
I just walked off the debate stage and wanted to thank you.
This is the first time I’ve ever
participated in a nationally televised debate, and it meant a lot to know that
there were so many people cheering me on at thousands of debate watch parties
and in their homes.
But this campaign isn’t about Bernie Sanders. It’s not a
baseball game or a soap opera, and it shouldn’t be about anyone’s emails. What this campaign is about is the grotesque
levels of income inequality in this country, and whether we can mobilize our
people to take back our democracy from a handful of Billionaires. But it will take everyone coming together if
that’s going to happen.
So, I want to ask you directly:
Make
a contribution to our political revolution that will win the Democratic
nomination, the White House, and take back our country from the billionaire
class:
If you've saved your payment information with ActBlue
Express, your donation will go through immediately:
(↑ Our average
contribution during the debate ↑)
From Floyd:
I have $24.90 until payday which is next Monday the 19th. That is all I have, but I gave $20.00 of that
to Bernie tonight. That's how strong I
fell for him to be our next President. I
hope you can help support him too.
This country faces more serious problems today than at any
time in modern history, and establishment politics will not successfully
resolve them. Tonight we proved that not only can we win an election, but we
can ensure no one who works full-time will have to live in poverty, that we can
provide education as a right, and that we can guarantee health care for all
Americans.
Make a contribution to our campaign today:
Thank you for your support.
In solidarity,
Bernie Sanders
~~~
Bernie
Sanders: ‘Don’t be surprised if we do well with a number of Republicans’
Sen. Bernie Sanders (I-Vt.), widely regarded as the most liberal
candidate in the Democratic presidential field, made a pitch
Thursday morning for his potential appeal to a not-so-obvious segment of
the electorate: Republicans.
Sanders, the self-described democratic socialist from Vermont , was a guest on MSNBC’s “Morning Joe,” where host
Joe Scarborough, a former Republican congressman from Florida , nudged him to talk about areas of
“crossover” with GOP voters.
Sanders, who has emerged as a surprisingly strong challenger to
Democratic front-runner Hillary Rodham Clinton as he campaigns on a message of
economic fairness, noted at the outset that he has several “strong differences”
with many Republicans, including on the issues of abortion and same-sex
marriage.
“But you know, Republicans have to send their kids to college,”
Sanders said. “Working-class Republicans can’t afford to do that. Working-class Republicans have seen their
factories shut down and moved to China . Working-class Republicans
are equally disgusted about a campaign-finance system which allows billionaires
now to buy elections.”
Sanders has proposed free tuition at colleges and universities. He has strongly opposed President Obama’s Pacific Rim free-trade accord. And he wants to overturn a Supreme Court
decision that expanded the ability for moneyed interests to influence
elections.
“There are more than a few Republicans for Bernie Sanders out
there,” Sanders said during the interview, which was taped Wednesday and aired
Thursday morning. “Don’t be surprised if
we do well with a number of Republicans.”
Sanders has made a similar argument about the breadth of his
appeal before, most notably during a speech last month at Liberty University, a
conservative Christian school founded by the late evangelical Jerry Falwell.
During a convocation there, the senator told students that
however stark their differences on social issues, they should agree there is
“massive injustice” in the country’s economy and work together to address it.
Sanders was greeted politely, but it was unclear how many supporters he gained.
While the Sanders claim certainly has its skeptics, aides point
to his 2012 Senate re-election in Vermont ,
where he routed his Republican opponent with 71 percent of the vote.
~~~
SOCIAL SECURITY
Community viewpoint:
Why Social Security is in Trouble
By
Allen W. Smith
Published:
Tuesday, October 13, 2015
Much of the debate over Social Security today involves the question of whether or not Social Security is facing major financial problems.
As a scholar who has
studied Social Security closely for the past 15 years, I can tell you that
Social Security is in trouble, but not for the reasons usually pointed out. The
primary problem facing Social Security today is that $2.7 trillion of its money
is gone.
The Social Security
Amendments of 1983, which included a hefty hike in payroll taxes, laid the
foundation for 30 years of wrongful spending of Social Security money, and it
fostered the deliberate deception of the American people for three decades. The
intent of the legislation was to generate large Social Security surpluses for
the next 30 years, to build up a large reserve with which to pay benefits to
the baby-boomer generation. But, the
intent of the legislation was not followed.
None of the surplus
revenue was saved or invested in anything. Instead, all of the $2.7 trillion in
surplus revenue, generated by the 1983 payroll tax hike, was deposited directly
into the general fund of the U.S.
Treasury, where the dollars immediately became indistinguishable from dollars
that were generated by income taxes or other federal taxes. The money was spent to help finance wars, tax
cuts for the rich, and other government programs. Social Security didn’t see a dime of the
actual money. Instead, the Treasury
issued nonmarketable IOUs to Social Security in exchange for the actual money.
There is much
confusion about what the IOUs are, and what they are not.
First
of all, they are not "real bonds" like the marketable bonds held by China and America 's other creditors. The IOUs cannot be sold, even for a penny on
the dollar, and they cannot be used to pay benefits. They are simply pieces of
paper that represent a record of how much Social Security money has been spent
for non-Social Social Security purposes. The existence of the IOUs is very useful to
government officials and politicians when they try to explain what happened to
the surplus Social Security money.
By law,
surplus Social Security revenue is supposed to be invested in U.S. government
bonds. This means that the money cannot
be invested in the private sector. But, to be truly invested in government
bonds, the surplus revenue must be used to purchase marketable bonds which can
be resold in the open market at any time. This requirement would have been met if the
surplus Social Security money had been used to purchase marketable U.S. Treasury
bonds, as was the intent of the 1983 legislation.
This
would have used up all of the surplus revenue, leaving no Social Security money
for the government to raid and spend. But
that was not done. None of the money was
saved, and none of it was truly invested. Spending Social Security money and
replacing the dollars with government IOUs does not constitute true investment.
The
special IOUs are a creation of the Treasury. Their technical name is
"special issues of the Treasury," but they are commonly referred to
as "trust-fund bonds." The actual physical storage site for the IOUs
is a fireproof file cabinet located at the office of the Bureau of the Public
Debt in Parkersburg , West Virginia .
President George W.
Bush visited the site and peered into the drawers of the file cabinet. He pointed out that the file cabinet was the
closest thing to a trust fund that has ever existed. Later, in a speech at West Virginia University ,
Bush uttered the following words, "There is no trust fund, just IOUs that
I saw firsthand that future generations will pay —will pay for either in higher
taxes or reduced benefits or cuts to other critical government programs."
—Allen W. Smith, a retired
professor of economics who taught at Eastern
Illinois University ,
is author of seven books. He lives in
Frostproof.
~~~
If the good Lord is willing and the creek don't rise, I'll talk with you
again about Sunday the 18th.
God Bless You All
&
God Bless the United
States of America
Floyd
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