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Thread: Senate Democrats draft debt-reduction plan

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    Re: Senate Democrats draft debt-reduction plan

    social security's surplus, as laid out by this year's trustee report

    Social Security expenditures exceeded the program’s non-interest income in 2010 for the first time since 1983. The $49 billion deficit last year (excluding interest income) and $46 billion projected deficit in 2011 are in large part due to the weakened economy and to downward income adjustments that correct for excess payroll tax revenue credited to the trust funds in earlier years. This deficit is expected to shrink to about $20 billion for years 2012-2014 as the economy strengthens. After 2014, cash deficits are expected to grow rapidly as the number of beneficiaries continues to grow at a substantially faster rate than the number of covered workers. Through 2022, the annual cash deficits will be made up by redeeming trust fund assets from the General Fund of the Treasury. Because these redemptions will be less than interest earnings, trust fund balances will continue to grow. After 2022, trust fund assets will be redeemed in amounts that exceed interest earnings until trust fund reserves are exhausted in 2036, one year earlier than was projected last year.
    Trustees Report Summary

    the surplus is safe, the surplus is real

    the surplus is in the lockbox

    LOL!

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    Re: Senate Democrats draft debt-reduction plan

    Quote Originally Posted by The Prof View Post
    social security's surplus, as laid out by this year's trustee report



    Trustees Report Summary

    the surplus is safe, the surplus is real

    the surplus is in the lockbox

    LOL!
    I... posted this Prof Why do you think Pete ran from the thread. His entire premise was based on a lie.
    Climate, changes. It takes a particularly uneducated population to buy into the idea that it's their fault climate is changing and further political solutions can fix it.



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    Re: Senate Democrats draft debt-reduction plan

    Quote Originally Posted by MrVicchio View Post
    His entire premise was based on a lie.
    there's a lot of that going around

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    Re: Senate Democrats draft debt-reduction plan

    Quote Originally Posted by MrVicchio View Post
    Yes, gut them.
    Then why cant we gut the military?
    What should we gut?
    Education?
    Environmental agencies?
    NASA?
    Welfare?
    Social Security?
    Medicare?
    Medicaid?
    Military benefits?
    Public Work Agencies?
    Unemployment benefits?
    Public housing?
    Have you ever been reliant on these programs to help you out?

    People shouldn't count on others being forced to give them anything.
    Until youve been in that position.

    And the politicians "giving" them stuff aren't doing so because they give a **** about these folks lives, they just want to ensure you are reliant so you'll keep voting for them.
    I will agree that a lot of politicans dont give a **** about the people but some do and i will always stand behind those people that do.

    Read my signature;
    Sense your signature says its then it must be right...


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    Re: Senate Democrats draft debt-reduction plan

    Social Security has not added one nickel to the deficit in any year since its passage. Social Security has not added one nickel to the national debt.

    To make it the scapegoat now is to only indulge the rabid right wing in their eight decade long wet dream.
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    Re: Senate Democrats draft debt-reduction plan


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    Re: Senate Democrats draft debt-reduction plan

    Quote Originally Posted by MrVicchio View Post
    Yes, gut them. People shouldn't count on others being forced to give them anything. And the politicians "giving" them stuff aren't doing so because they give a **** about these folks lives, they just want to ensure you are reliant so you'll keep voting for them. Read my signature;
    Thank you for proving why you have absolutely no credibility in discussions about a well functioning society. Your neantherthal form of living should be avoided at all costs by modern human beings. You're a rabidly pro-gun, pro-death penalty, tough on crime cause you from Texas relic. My only hope is that one day a time machine will be built and we'll send your ideology back to 15th century Romania.
    Last edited by Hatuey; 07-09-11 at 06:14 PM.
    I refuse to accept the view that mankind is so tragically bound to the starless midnight of racism and war that the bright daybreak of peace and brotherhood can never become a reality. - MLK

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    Re: Senate Democrats draft debt-reduction plan

    Quote Originally Posted by TheDemSocialist View Post
    And the republicans plan: "Lower taxes and gut every single social programs which people count on to live".
    Also don't forget that eradicating tax loopholes and government subsidies are tax increases, so we can't have those, even if they lowered the debt too.
    Also, we need to legalize recreational drugs and prostitution.

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    Re: Senate Democrats draft debt-reduction plan

    Quote Originally Posted by TheDemSocialist View Post
    Then why cant we gut the military?
    What should we gut?
    Education?
    Environmental agencies?
    NASA?
    Welfare?
    Social Security?
    Medicare?
    Medicaid?
    Military benefits?
    Public Work Agencies?
    Unemployment benefits?
    Public housing?
    Have you ever been reliant on these programs to help you out?


    I would make cuts to all of those with the exception of SS.

    One thing I constantly hear the poor are going to starve if we cut assistance, I disagree. I feel that if we cut all government assistance by 25% that largely people would still get by. Consider how things have changed in the last 60 years. 60 years ago people were much more reliant on family over government. If you lost your job or were on hard times you would turn to your family for help. Now society turns to the government because the government expects less of them.

    Today persons seem to expect to keep their home, car(s), possessions while they are unemployed. Why should a person be allowed to keep these things if they are unable to pay for them? Because having to sell/foreclose can be a difficult experience and we do not want anyone to suffer any discomfort even if they can no longer live within their means? Thats rubish!

    When the economy turned south I struggled, my income took a huge hit. I supported myself and my father on 15K a year yet I asked for nor received any assistance. I cut cut cut and lived with a lot less. I made sacrifices so that I was not on anyone else's dime. I admit it sucked and I hated it but I lived with it until I could improve things. It also works as a great motivator to improve ones situation which government assistance does not.

    I suspect that if we were to cut welfare that more people would simply rely on family again until they could improve their situations. I think it is a win win situation. Less government assistance and would bring families closer together.

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    Re: Senate Democrats draft debt-reduction plan

    I agree that a combined approach is needed.

    Look at what happened to Minnesota. They spent all their time playing the partisan blame game and now their credit rating has been downgraded. Honestly, do partisan hacks have a single neuron to understand what this means for our nation's strength and credibility?

    Stop pointing fingers and start cooperating. The time to act is now. And I swear to god, if either party in congress ****s this up, I will automatically never consider voting for them again in my lifetime no matter who is running.

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