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Thread: 'Gang of Six' revives hope for big deal in stalled debt-ceiling talks

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    Re: 'Gang of Six' revives hope for big deal in stalled debt-ceiling talks

    Quote Originally Posted by Catawba View Post
    Cut, Cap and Balance has already been voted down in the Senate. It would have meant an immediate credit downgrade.

    Sooner or later the GOP will have to compromise, just as the Dems have offered to do.
    My sense is that the line about the cut cap and balance leading to an immediate downgrade is an outright lie. If you think not, please explain.

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    Re: 'Gang of Six' revives hope for big deal in stalled debt-ceiling talks

    Quote Originally Posted by StillBallin75 View Post
    so...Obama is Eisenhower?
    I'd actually prefer Eisenhower. At least he warned us about the MIC and wasn't afraid to tax the wealthy.

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    Re: 'Gang of Six' revives hope for big deal in stalled debt-ceiling talks

    Quote Originally Posted by washunut View Post
    My sense is that the line about the cut cap and balance leading to an immediate downgrade is an outright lie. If you think not, please explain.
    Because as economists have warned, quick cuts in spending would threaten recovery from the Great Recession, and the balanced budget amendment is not realistic based on spending cuts alone.

    It took 30 years of spending increases and tax cuts to create our debt. Common sense tells us it will take 30 years of spending decreases and tax increases to to fix it.

    Are you aware that we owe SS trillions of dollars that were taken for wars and other purposes that will have to be repayed?
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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    Re: 'Gang of Six' revives hope for big deal in stalled debt-ceiling talks

    Quote Originally Posted by U.S. Socialist. View Post
    What has Obama done that is Marxist? Please give me specific examples of policies he's enacted.
    Do you believe he is not Marxist in his core beliefs simply because he is also inept? I am grateful that he is a bumbling fool.

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    Re: 'Gang of Six' revives hope for big deal in stalled debt-ceiling talks

    Quote Originally Posted by Catawba View Post
    Are you aware that we owe SS trillions of dollars that were taken for wars and other purposes that will have to be repayed?
    But they will never be repaid. We are getting somewhere. You clearly recognize that a box full of IOUs that must be made good by a third party that does not have the money nor the inclination to pay is not an asset.

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    Re: 'Gang of Six' revives hope for big deal in stalled debt-ceiling talks

    Quote Originally Posted by Misterveritis View Post
    But they will never be repaid. We are getting somewhere. You clearly recognize that a box full of IOUs that must be made good by a third party that does not have the money nor the inclination to pay is not an asset.
    Raising the FICA cap to $180,000 makes SS solvent for the foreseeable future. Problem solved!
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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    Re: 'Gang of Six' revives hope for big deal in stalled debt-ceiling talks

    for decades, the argument against raising the cap or means testing benefits was that it was very important that social security remain an insurance and not a welfare program

    let aarp vice president rother make the case, may 19:

    A means test for their earned benefits would erode the popular support that has sustained these programs and made them so effective in helping older households. Making Social Security more like welfare would surely lead to weaker benefits — and a growing burden on young people to support struggling elders.
    Social Security, Medicare Are Not Welfare - Benefits - Programs - AARP

    the idea of social security as managed retirement is, after all, illusion?

    fdr's most enduring contribution is in essence welfare?

    our longest serving president would be very disappointed
    Last edited by The Prof; 08-04-11 at 01:30 AM.

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    Re: 'Gang of Six' revives hope for big deal in stalled debt-ceiling talks

    Quote Originally Posted by Catawba View Post
    Raising the FICA cap to $180,000 makes SS solvent for the foreseeable future. Problem solved!
    It is a lie. I think you know it. Believe it you must. Your belief won't make any difference.

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    Re: 'Gang of Six' revives hope for big deal in stalled debt-ceiling talks

    Quote Originally Posted by Misterveritis View Post
    It is a lie. I think you know it. Believe it you must. Your belief won't make any difference.
    I have no reason to doubt the experts, and you have provided no proof to refute them.
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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    Re: 'Gang of Six' revives hope for big deal in stalled debt-ceiling talks

    bowles-simpson, obama's 2 year fig leaf, states unequivocally all four fixes are in order if social security is to be set right

    the cap, the age, the means, the bennies

    Fiscal Commission Co-Chairs Simpson And Bowles Release Eye-Popping Recommendations | TPMDC

    a program, especially one of such staggering scale, which can't keep its fundamental promises, renewed across 5 generations, is a ripoff

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