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Thread: State of the Union Address

  1. #481
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    Re: State of the Union Address

    Quote Originally Posted by Catawba View Post
    SS has a 2.6 trillion dollar surplus. I was trying to get you to discover this on your own.
    Prove it? You call an IOU a surplus? How do those IOU's get funded? Taxing the rich?

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    Re: State of the Union Address

    Quote Originally Posted by Conservative View Post
    Prove it? You call an IOU a surplus? How do those IOU's get funded? Taxing the rich?
    If you deposit a check in the bank, does it just disappear? Is your bank account just an IOU?

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    Re: State of the Union Address

    Quote Originally Posted by AdamT View Post
    Yes, that sounds logical, but in reality it isn't the case. Medicare and VA costs per patient are not much different than costs for those using private insurance. If anything they are lower.

    If you're thinking that these folks are going to be paying for their health care out of their own pockets, think again. 99.9% of the people in this country would go bankrupt if they came down with a serious illness and didn't have insurance.

    The answer to this problem is so painfully obvious. Our per capita costs are DOUBLE what other advanced countries pay. Other advanced countries ALL employ single payer in one form or another. 2 + 2 = ?
    Did I say completely and utterly remove medicare or the like, no I didn't.
    It's completely disingenuous to conflate what I said with that.

    Reducing/cutting spending does not mean obliterate it's existence.
    Greater cost sharing by users is a good way to reign in out of control programs.
    I was discovering that life just simply isn't fair and bask in the unsung glory of knowing that each obstacle overcome along the way only adds to the satisfaction in the end. Nothing great, after all, was ever accomplished by anyone sulking in his or her misery.
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  4. #484
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    Re: State of the Union Address

    Quote Originally Posted by AdamT View Post
    If you deposit a check in the bank, does it just disappear? Is your bank account just an IOU?
    Try collecting 2.5 trillion in IOU's and see how that works out for you. Amazing that you would continue to support the failures of liberalism

  5. #485
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    Re: State of the Union Address

    Quote Originally Posted by Removable Mind View Post
    By all logic and reason - how can we conclude anything other than the reality that our nation’s income/debt ratio is so profound that it is impossible for taxpayers to substantially reduce our enormous national debt – using current government taxation and spending methods and powers?
    What is your alternative?
    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: State of the Union Address

    Quote Originally Posted by Catawba View Post
    Most of our debt is do to excessive military spending and optional wars that I didn't approve, should I be able to say I don't want to pay for that?

    As a US citizen, you (for your share of taxes) are responsible to pay US debts.
    No it isn't.
    Most of our total debt is from a multitude of reasons.
    Your anti Republican/pro Democrat mantra can not get past the talking points.

    Sorry, I don't take loans out in the names of my children, it's a morally corrupt practice.
    I was discovering that life just simply isn't fair and bask in the unsung glory of knowing that each obstacle overcome along the way only adds to the satisfaction in the end. Nothing great, after all, was ever accomplished by anyone sulking in his or her misery.
    —Adam Shepard

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    Re: State of the Union Address

    Quote Originally Posted by Harry Guerrilla View Post
    Did I say completely and utterly remove medicare or the like, no I didn't.
    It's completely disingenuous to conflate what I said with that.

    Reducing/cutting spending does not mean obliterate it's existence.
    Greater cost sharing by users is a good way to reign in out of control programs.
    I'm sure it would help. But as I said, it's also just shifting the cost onto someone else. If you cut my taxes by $100, and at the same time eliminate $100 of necessary services, it ain't all that.

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    Re: State of the Union Address

    Quote Originally Posted by Harry Guerrilla View Post
    We could reduce it but no one wants to give an inch.
    How? What is giving an inch? The daily interest on the debt is nearly 1.5 BILLION.

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    Re: State of the Union Address

    Quote Originally Posted by Catawba View Post
    You forgot to factor in the 2.6 trillion dollars owed to SS by the general fund.
    Technically speaking, those are future liabilities, so they aren't responsible for any debt we've incurred thus far; however, in the event those special-issue Treasury Securities are redeemed, they will have to be financed with debt or tax revenues.

    Please cite your source that shows SS is responsible for any of the National Debt.
    I don't know what you mean by this. It's a simple matter of arithmetic and finance. If you spend more money than you make, you'll need to borrow money in order to cover the shortfall. Each budgetary item's responsibility for the debt is, therefore, directly proportional to its percentage of overall expenditures. Like I said in my previous example, if you make $5 in wages and you spend $5 on food and $5 on water, you'll need to borrow $5 in order to make up the shortfall. Simple arithmetic will tell you that food is responsible for 50% of your debt and that water is responsible for the other 50%. The only way this would not be the case is if you assigned quantitatively based priorities to each budgetary item and calculated their responsibility for the debt on that basis. The reason why this wouldn't apply to the current debate is due to the subjective nature of assigning these priorities. For instance, you might maintain that SS is a higher priority than military spending, whereas Zyphlin might maintain that military spending is a higher priority than SS. Ultimately, though, there is no definitive way to determine who is right, so the only equitable way to assign responsibility is to do it on a directly proportional basis.

    Brian

  10. #490
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    Re: State of the Union Address

    Quote Originally Posted by Conservative View Post
    Try collecting 2.5 trillion in IOU's and see how that works out for you. Amazing that you would continue to support the failures of liberalism
    If treasuries are no good you might as well just tear up your check book and all your other accounts, because they're not worth the paper they're written on.

    What is the difference between SS backed by treasuries and SS backed by a warehouse full of cash money?

    A: there is no difference. Treasuries are as good (or bad) as cash.

    Amazing that you would continue to support the failures of conservatism and blind hyperpartisanship.

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