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Thread: State of the Union Address

  1. #501
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    Re: State of the Union Address

    Quote Originally Posted by Harry Guerrilla View Post
    Sorry, I don't take loans out in the names of my children, it's a morally corrupt practice.
    A tax resistor eh?
    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

  2. #502
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    Re: State of the Union Address

    Quote Originally Posted by Harry Guerrilla View Post
    You have to add in changes in behavior.
    Something that isn't easy to account for, but has been proven to lower costs.

    It tends to reduce, unnecessary use.
    Your assumption is that the typical elderly person has the medical knowledge necessary to distinguish between necessary and unnecessary care. Got a pain in the abdomen? Maybe it'll go away and you can save some money. Ooops! Turns out it was metastatic cancer.

    Not a great idea. That's what primary care doctors are for.

  3. #503
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    Re: State of the Union Address

    Quote Originally Posted by Free_Radical View Post
    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.
    Now you are getting the picture!
    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

  4. #504
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    Re: State of the Union Address

    Quote Originally Posted by Catawba View Post
    A tax resistor eh?
    You think incurring debt, in the name of people who have no say, is alright?
    More telling about you than anything else.
    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

  5. #505
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    Re: State of the Union Address

    Quote Originally Posted by AdamT View Post
    What is the difference between SS backed by treasuries and SS backed by a warehouse full of cash money?
    There is a significant difference. A Treasury Security is basically an acknowledgement by the Federal government of its indebtedness to the holder of the security. In the case of the SS "trust fund", the issuer and the holder, that is, the borrower and the lender, are the same entity, e.g., the Federal government. In essence, the Federal government is acknowledging its indebtedness to itself. A warehouse full of "cash money", on the other hand, is a real economic asset that can be used to pay the liabilities incurred by SS.

    Brian

  6. #506
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    Re: State of the Union Address

    Quote Originally Posted by AdamT View Post
    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.
    You don't seem to understand that the govt. prints money and that makes the current value less thus hurts all taxpayers. Plus the fact that our national debt today is more than your yearly GDP. Guess it doesn't affect a liberal that your dollar is going to be basically worth a lot less because of liberalism. What the hell, just print more of it.

  7. #507
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    Re: State of the Union Address

    Quote Originally Posted by AdamT View Post
    Your assumption is that the typical elderly person has the medical knowledge necessary to distinguish between necessary and unnecessary care. Got a pain in the abdomen? Maybe it'll go away and you can save some money. Ooops! Turns out it was metastatic cancer.

    Not a great idea. That's what primary care doctors are for.
    Going to the doc for a cold, when there is nothing the doc can do, is a waste of medical resources.

    I'm sorry but you can't "fear" me out of the this position.
    There is no perfect answer.
    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 Catawba View Post
    Now you are getting the picture!
    If you aren't going to address the points I've made by providing a substantive analysis, then I'll simply forgo any future attempts to have a rational dialog with you.

    Brian

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    Re: State of the Union Address

    Quote Originally Posted by Free_Radical View Post
    There is a significant difference. A Treasury Security is basically an acknowledgement by the Federal government of its indebtedness to the holder of the security. In the case of the SS "trust fund", the issuer and the holder, that is, the borrower and the lender, are the same entity, e.g., the Federal government. In essence, the Federal government is acknowledging its indebtedness to itself. A warehouse full of "cash money", on the other hand, is a real economic asset that can be used to pay the liabilities incurred by SS.

    Brian
    And what gives cash value? It's just paper, right? What makes it worth more than a knapkin?

    A: it's backed by the U.S. Treasury -- just like Treasuries.

  10. #510
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    Re: State of the Union Address

    Quote Originally Posted by Harry Guerrilla View Post
    No.
    I mean making Medicare beneficiaries, pay more for their services, that they use.
    That is not lowering cost, that is transferring costs to those that can least afford it.
    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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