|Yes, the future will be better...|
President Obama on Tuesday said he cannot guarantee that retirees will receive their Social Security checks August 3 if Democrats and Republicans in Washington do not reach an agreement on reducing the deficit in the coming weeks.It is already established that desperately needed austerity measures in federal, state, and local governments are disproportionately harming Black people, because Black people rely disproportionately on government vocations for employment. Few people seem willing to talk about the coming collapse of the United States Postal Service (USPS), an entity that shows a strong correlation with its rising Black employment percentage and its rising deficit.
"I cannot guarantee that those checks go out on August 3rd if we haven't resolved this issue. Because there may simply not be the money in the coffers to do it," Mr. Obama said in an interview with CBS Evening News anchor Scott Pelley, according to excerpts released by CBS News.
The Obama administration and many economists have warned of economic catastrophe if the United States does not raise the amount it is legally allowed to borrow by August 2.
Many hardworking Americans toiled away for years believing that social security would be all they needed when they retired. Not everyone had the luxury of opening up other investments for retirement and took it at face value their hard work would pay off with money they invested into America being repaid in their twilight years. It appears those days are gone, and Mein Obama - whose time as POTUS has seen the Black middle class decimated, propping it up through mis-named stimulus funds - is threatening those most likely to vote in 2012 with a holdup of their only source of income.
"It's the economy stupid," James Carville told Bill Clinton in 1992, and 19 years later that is still true, but Obama better remember that trying to paint Republicans as the bad guys in this situation might not work:
Dr. Fredrick Harris, Professor of Political Science at Columbia University says such spending cuts could dramatically impact African-Americans.
“[Social Security cuts] would have a devastating impact on Black communities since the Black elderly disproportionately depend on Social Security more than other communities,” Harris said.
“The so-called ‘new austerity’ will have long-term consequences for the poor and, in turn, the most vulnerable in Black communities.”
Elderly African-Americans rely on Social Security for more than 90 percent of their income—not to mention disabled persons and children of the deceased, who also significantly rely on Social Security funding.
Harris believes such a political move could also have lasting affects on the Black community’s backing of the president.
“While [he] has become a symbol of pride in Black communities, these cut backs in Social Security and other programs to address inequality raises questions about whether his presidency is becoming a ‘hollow prize’ for the Black community.”
Remember the average single Black female has a net worth of $5 and the average median net worth of Black house hold is $2,170 (making claims that cumulative purchasing power in the Black community is nearing $913 billion a bit specious) and then you can laugh at this report published by Sharmila Choudhury in the Social Security Bulletin (Vol. 64 No. 4, 2001/2002). Titled Racial and Ethnic Differences in Wealth and Asset Choices, Choudhury writes:
White households in the United States are far wealthier than black or Hispanic households, a disparity that remains unexplained even after taking into account income and demographic factors. This article uses data from the Health and Retirement Study to examine various components of aggregate wealth, including housing equity, nonhousing equity, financial assets in general, and risky assets in particular. It inspects asset choices by race and ethnicity and assesses whether differences in savingActually it doesn't remain unexplained Ms. (Mr.?) Choudhury, as Daniel Tosh did a nice job of explaining it in this video. Many white families wealth is tied up in their homes, which they own in nice whitopia's. When those whitopia's get overwhelmed by the Black Undertow, home values drop immediately and white families scramble to find new whitopia's in a never-ending ecological disaster brought about by an instinctive urge to raise their children in a 'good school district' (with only white or Asian students).
behavior--and, consequently, in rates of return on assets--are possible sources of the wealth gap. It also demonstrates the equalizing effect of pension wealth and Social Security wealth on total wealth.
It's a well known fact that despite trillions (maybe quadrillions of dollars if you factored in the opportunity costs) having been spent on trying to close the racial gap in learning between Black people and whites - and Hispanics and whites - the only way for this pesky gap to close is by systematic cheating, as evidenced by the Atlanta Public Schools (APS) system.
Though it would go against everything Black-Run America (BRA) stands for promoting, perhaps admitting cognitive differences between the races exist that help explain the disparity in household wealth might answer the question Choudhury asked?
No, that can't explain it. Let's just have stimulus money - which went to propping up the failing and artificially created Black middle class nationwide - purchase books that blame white privilege on these disparities:
The Omaha Public Schools used more than $130,000 in federal stimulus dollars to buy each teacher, administrator and staff member a manual on how to become more culturally sensitive.That impressionable kids are taught that their natural instincts are wrong and that every evil in the world is their fault, with the money behind the program coming from stimulus funds shows the truly insidious nature of a system that is nearing the end of its sustainability. Even as NASA launched its last space shuttle mission, Charles Bolden - the head of NASA - couldn't stop himself from telling Theroot.com of his hope that more minorities will flow into the space agency, even though the top Black scientists in America can't keep a Wal-Mart open in Tuskegee, Alabama.
The book by Virginia education consultants could raise some eyebrows with its viewpoints.
The authors assert that American government and institutions create advantages that “channel wealth and power to white people,” that color-blindness will not end racism and that educators should “take action for social justice.”
The book says that teachers should acknowledge historical systemic oppression in schools, including racism, sexism, homophobia and “ableism,” defined by the authors as discrimination or prejudice against people with disabilities.
The authors argue that public school teachers must raise their cultural awareness to better serve minority students and improve academic achievement.
The Omaha school board approved buying 8,000 copies of the book — one for every employee, including members of the custodial staff — in April. The decision to buy the book was made 11-0, with board member Mary Ellen Drickey passing on the vote.
Black-Run America (BRA) couldn't limp on forever, because the economic lessons learned from Prichard, Alabama pension failure still apply to the nation as a whole.
Head Start was criminal. So is Black-Run America. We sacrificed a peaceful future nearly 50 years ago by believing Disingenuous White Liberals (DWLs) when they said that all Black people had the same ability as white people, if only enough money was spent to make it happen.
Well, after nearly 50 years of lowering standards for firefighters, police, the military, academic acceptance rates for law and medical school (lowering standards in every endeavor, save the 40 yard dash) and watching as major cities - when left in the hands of "the talented tenth" - are turned into Detroit or Birmingham... it becomes obvious that that dream is dead.
So forgive us if we find this talk of the 'debt-ceiling' a waste of time. Raising the "debt-ceiling" is really about raising the ability of the government to continue paying for Black-Run America, which is nothing more than a transfer of wealth from white taxpayers to a large percentage of the Black population.