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Thread: State of the Union Address

  1. #551
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    Re: State of the Union Address

    Quote Originally Posted by Harry Guerrilla View Post
    I want the state to stop mandating non insurable benefits, that I'll never use like, coverage for pregnancy and in vitro.
    They seem to be going in the other direction though.
    Why do I suspect you also oppose abortion? Most who do also are against supporting motherhood.

  2. #552
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    Re: State of the Union Address

    Quote Originally Posted by Harry Guerrilla View Post
    Cut = reducing spending, not eliminating entirely, just so we're clear.
    Reduced spending on what?
    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 AdamT View Post
    Yes, I do understand that. And so is cash. Capiche? In this case they are not issuing treasuries out of thin air. They are issuing them *in exchange for* cash.
    You still do not understand.

    The Treasury Securities in the SS "trust fund" are government liabilities, intragovernmental debt. The government owes money to itself.

    Basically, the governemnt took the surplus revenues, spent them on other government programs, and then replaced them with promissory notes that can only be financed in three ways: Increasing tax revenues, reappropriating funds from other government programs, or borrowing money.

    In 2000, the Clinton Administration's Office of Management and Budget explained why the "trust fund" is nothing more than a meaningless bookkeeping entry:

    These [trust fund] balances are available to finance future benefit payments and other trust fund expenditures-but only in a bookkeeping sense. They do not consist of real economic assets that can be drawn down in the future to fund benefits. Instead, they are claims on the Treasury that, when redeemed, will have to be financed by raising taxes, borrowing from the public, or reducing benefits or other expenditures. The existence of large trust fund balances, therefore, does not, by itself, have any impact on the Government's ability to pay benefits.
    -FY 2000 Budget, Analytic Perspectives, p. 337
    Please tell me you understand now.

    Brian
    Last edited by Free_Radical; 01-25-12 at 08:30 PM.

  4. #554
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    Re: State of the Union Address

    Quote Originally Posted by joko104 View Post
    Why do I suspect you also oppose abortion? Most who do also are against supporting motherhood.
    I don't care if women have abortions, at all.

    No, pregnancy is not an insurable event.
    Pregnancy is a choice of the women, just like abortion, not an illness.
    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 iguanaman View Post
    Of course they do. It was the Republicans that squandered tha majority of that fund and now that it's gone they want to take the years of sweat by 100,s of millions of workers and reduce to nothing. What fund? Oh, that's been spent......... we have to start fresh. Sorry it doesn't work that way.
    SS was fixed in the 1980's to last forever....except that the huge income disparity has now thrown the calculations off in 25 years or so. The SS withholding money has to be levied on 90% of wages for continued solvency. Raisng the top limit on withholding from $108,000 to $180,000 will be enough to put SS on a firm footing without any benefit cuts.
    You make some wild ass statements that you haven't proven. Because you say something doesn't make it right so prove your statement

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    Re: State of the Union Address

    Quote Originally Posted by Conservative View Post
    What is it about liberalism that creates this kind of loyalty, Clinton didn't have higher GDP growth than Bush thus there wasn't stronger economic growth as bea.gov will show you but you have no interest in anything that refutes your opinions which is all they are.

    You saying the same thing over and over again doesn't make it true but it does make you wrong and thus irrelevant.
    Conservative, you've been Bush-Wacked, dude... Not only that, you've been brainwashed to believe that your political ideology is more stable or true than the one's you demonize. Sorry, man. It's just as ****ed up. The Washington Royalty and their cronies don't care one way or the other about conservatism or liberalism. They just want to make you keep your eye on the bouncing ball so they can pick your pocket.

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    Re: State of the Union Address

    Quote Originally Posted by Catawba View Post
    Reduced spending on what?
    Medicare and medicaid, by increasing cost sharing.
    Instead of retirees paying what they do now, they can have their monthly premiums increased by $20-30 and their co pays increase by $10-20.
    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 Conservative View Post
    What is it about liberalism that creates this kind of loyalty, Clinton didn't have higher GDP growth than Bush thus there wasn't stronger economic growth as bea.gov will show you but you have no interest in anything that refutes your opinions which is all they are.

    You saying the same thing over and over again doesn't make it true but it does make you wrong and thus irrelevant.
    # Strong Economic Growth: Since President Clinton and Vice President Gore took office, economic growth has averaged 4.0 percent per year, compared to average growth of 2.8 percent during the Reagan-Bush years. The economy has grown for 116 consecutive months, the most in history.

    # Most New Jobs Ever Created Under a Single Administration: The economy has created more than 22.5 million jobs in less than eight years—the most jobs ever created under a single administration, and more than were created in the previous 12 years. Of the total new jobs, 20.7 million, or 92 percent, are in the private sector.
    The Clinton Presidency: Historic Economic Growth
    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
    Reduced spending on what?
    Everything!

    Name one program that should not be cut.
    I came into this world fighting, screaming and covered in someone else's blood. I have no problem going out the same way.

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    Re: State of the Union Address

    Quote Originally Posted by Catawba View Post
    # Strong Economic Growth: Since President Clinton and Vice President Gore took office, economic growth has averaged 4.0 percent per year, compared to average growth of 2.8 percent during the Reagan-Bush years. The economy has grown for 116 consecutive months, the most in history.

    # Most New Jobs Ever Created Under a Single Administration: The economy has created more than 22.5 million jobs in less than eight years—the most jobs ever created under a single administration, and more than were created in the previous 12 years. Of the total new jobs, 20.7 million, or 92 percent, are in the private sector.
    The Clinton Presidency: Historic Economic Growth
    And who was in control of the Congress during those years?

    Brian

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