jungle

Allow me to review. A government sponsored entity is given a monopoly that is tasked to break even. It is not required to pay taxes, vehicle registration or even rent.
The management of this business has failed miserably.
Management has failed.
Failure. For years and it is getting worse.

Who managed this GSE? The same people who managed the budget of the nation. Another gigantic failure.

FDXLAG

Mind if I quote or should I say link Shawn Hannity to dispute your cliams by Ralph Nader, The Nation, and I forget the 3rd source which looney was it Jerry Brown or Barney Frank?

Just tell me the pertinent section of the law that the corporatist put in the 2006 law thats says retirement benefits for workers hired in 2081 must have their retirement benefits funded by 2016.

FDXLAG

Dont forget they were given Billions (50 or 100 maybe) of dollars of assets to conduct their monopoly.

jungle

Some of the more astute among the readers here may have spotted a trend. Go for broke should be the motto for GSEs.
The most amazing thing about all of this is that even a monopoly and a money printing press cannot create a functional enterprise given decades of completely incompetent management.---------------------------------------------------------------


"The U.S. Post Service was established in 1775 – they’ve had 234 years to get it right; it is broke, and even though heavily subsidized, it can’t compete with private sector FedEx and UPS services.

Social Security was established in 1935 – they’ve had 74 years to get it right; it is broke.

Fannie Mae was established in 1938 – they’ve had 71 years to get it right; it is broke.

Freddie Mac was established in 1970 – they’ve had 39 years to get it right; it is broke.

Together Fannie and Freddie have now led the entire world into the worst economic collapse in 80 years.

The War on Poverty was started in 1964 – they’ve had 45 years to get it right; $1 trillion of our hard earned money is confiscated each year and transferred to “the poor”; it hasn’t worked.

Medicare and Medicaid were established in 1965 – they’ve had 44 years to get it right; they are both broke; and now our government dares to mention them as models for all US health care."

The list goes on and on, but the bottom line is that we are now 100 trillion in the hole and digging it deeper every day.
Forget politics, it is finance and it is clear none of them can perform simple arithmetic.

Winged Wheeler

A couple of thoughts:

--Disappointing that we land a probe on Mars and just get back some pictures and other data. Mobile platform and better pictures, but not qualitatively different than the 1970s Viking mission.

--Don't look for corporations on the moon or mars or anywhere else big enough to set up a customs office. No one is going to spend tens/hundreds of billions of dollars so it can be stolen by parasites from Washington or the U.N. Asteroids will be where the action is.

WW

alarkyokie

BEST PICTURES YET of Curiosity!
Curiosity rover: Martian solar day 2

N2264J

The marginal tax rate on earnings over $200,000 was 70% under Nixon when we were sending men to the moon.

Winged Wheeler

Apollo missions did not begin until after Grace Slick joined Jefferson Airplane (JA) in 1966. JA played their last gig in the Fall of 1972--the Apollo program ended weeks later.

WW

jungle

The effective tax rate was much lower, but this is another excellent example of state barbarism and theft on a grand scale. Thanks for pointing it out, not that it has anything to do with this thread.

I would love to see your reaction if someone visited you and took 70% of everything you managed to earn this year, then you could tell us how you enjoyed the experience.

N2264J

Is the joke because you can't fathom the connection between our government, our
tax dollars and the most technologically significant aerospace achievement in our lifetime or is it because you do?

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