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Thread: Obama: I'll cut $4 trillion

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    Re: Obama: I'll cut $4 trillion

    Quote Originally Posted by donc View Post
    I believe that letting the bush tax cuts expire will answer Almost $1.2 Trillion of the problem over the next ten years.Social Security? Taking the cap off will cure that one. Implement Medicare for all takes healthcare off the table. Stop a couple of wars, close a few unnecessary bases, problem solved.
    What you believe is irrelevant and typical liberalism. What the increase in taxes does to the economy is all that matters. Allowing people to keep more of their own money seems to really bother liberals and the question is why? Why don't liberals ever focus on actual spending and the true role of the govt? Much of what is being spent at the Federal level is duplicated at the state levels thus is unnecessary.

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    Re: Obama: I'll cut $4 trillion

    Quote Originally Posted by donc View Post
    I believe that letting the bush tax cuts expire will answer Almost $1.2 Trillion of the problem over the next ten years
    you can tax everyone making $100,000 and up at 100% and still not balance this years' budget. scored statically (which is what that "1.2 trillion" number is), which is to say - scored in the vain hope that people will never seek to minimize their exposure to taxes.

    Social Security? Taking the cap off will cure that one
    actually no, it won't. wander on over to the social security fix thread and we've hashed out the numbers - it's not even close.

    Implement Medicare for all takes healthcare off the table
    by destroying the table. Medicare already is $70 trillion in the hole; adding more people will not help.

    Stop a couple of wars, close a few unnecessary bases, problem solved.
    on the bases i'm with you. but that money is small potatos compared to our entitlement crises that's about to hit.

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    Re: Obama: I'll cut $4 trillion

    QUOTE cpwill;

    you can tax everyone making $100,000 and up at 100% and still not balance this years' budget. scored statically (which is what that "1.2 trillion" number is), which is to say - scored in the vain hope that people will never seek to minimize their exposure to taxes.

    Notice the qualifier I put in there? Almost $1.2 Trillion of the problem over the next ten years)

    actually no, it won't. wander on over to the social security fix thread and we've hashed out the numbers - it's not even close.
    When we start running short I would expect the Social Security Administration will exercise the right that it has, and hand over to the Treasury, the bonds from the Social Security Trust Fund to cover said deficit. Eureka!! said deficit gets paid like any other AAA rated T bill. Now that being said lets take another look at curing the ills for the long term.

    We could do as I said previously, increase the taxable earnings base to the people that seen their income grow over the last decade or two as apposed to remaining stagnate.

    Let them pay the nut for all of their income. I have read somewhere that would take care of the nut for the next 75 years. Just to be on the safe side we might make the payroll tax rate equal to the cost of paying the benefits.


    by destroying the table. Medicare already is $70 trillion in the hole; adding more people will not help.
    Wiping this so called healthcare system we have and replacing it with universal healthcare for every citizen of the Unite States would would save more than $70 trillion.Not only that, it would make our...well,what industry that hasn't fled the country more competitive on the global economy.



    on the bases i'm with you. but that money is small potatos compared to our entitlement crises that's about to hit.
    Where the word entitlement comes into play on something that you pay into all of your working live is beyond pure wordsmithing....Karl was that you?
    The haggardness of poverty is everywhere seen contrasted with the sleekness of wealth, the exhorted labor of some compensating for the idleness of others, wretched hovels by the side of stately colonnades, the rags of indigence blended with the ensigns of opulence; in a word, the most useless profusion in the midst of the most urgent wants.Jean-Baptiste Say

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    Re: Obama: I'll cut $4 trillion

    Quote Originally Posted by donc View Post
    Notice the qualifier I put in there? Almost $1.2 Trillion of the problem over the next ten years)



    When we start running short I would expect the Social Security Administration will exercise the right that it has, and hand over to the Treasury, the bonds from the Social Security Trust Fund to cover said deficit. Eureka!! said deficit gets paid like any other AAA rated T bill. Now that being said lets take another look at curing the ills for the long term.

    We could do as I said previously, increase the taxable earnings base to the people that seen their income grow over the last decade or two as apposed to remaining stagnate.

    Let them pay the nut for all of their income. I have read somewhere that would take care of the nut for the next 75 years. Just to be on the safe side we might make the payroll tax rate equal to the cost of paying the benefits.




    Wiping this so called healthcare system we have and replacing it with universal healthcare for every citizen of the Unite States would would save more than $70 trillion.Not only that, it would make our...well,what industry that hasn't fled the country more competitive on the global economy.





    Where the word entitlement comes into play on something that you pay into all of your working live is beyond pure wordsmithing....Karl was that you?
    Where does the money come from to cover those bonds?

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    Re: Obama: I'll cut $4 trillion

    well, i don't recall seeing federal accounting done in crayon before...

    but the pros lay it out pretty plainly and there's a lotta red

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

    it's math

    if something isn't done soon to reform what are commonly referred to as entitlements, then medicare and medicaid and social security (as well as state pensions) will not be there for the next generation

    leadership, anyone?

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    Re: Obama: I'll cut $4 trillion

    Quote Originally Posted by justabubba View Post
    spoken like someone who has no belief in democratic elections
    spoken like someone who insists that those of his ilk know what is best for the rest of us
    wrong-which is the usual status for your posts

    1) I know what is best for me. I don't need a nanny government taking care of me and I certainly don't need people who think like you saying you know what is better for me and I need to be taxed to pay for that

    2) Our system has many flaws-one of them is that those who don't pay taxes have the power to vote up the taxes of others



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    Re: Obama: I'll cut $4 trillion

    Quote Originally Posted by The Prof View Post
    well, i don't recall seeing federal accounting done in crayon before...

    but the pros lay it out pretty plainly and there's a lotta red

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

    it's math

    if something isn't done soon to reform what are commonly referred to as entitlements, then medicare and medicaid and social security (as well as state pensions) will not be there for the next generation

    leadership, anyone?
    either you did not read the deficit commission report or you truncated what it said
    not only was it recommended that we create ways to effect economies of the entitlement programs, but those same savings were also found to be needed in defense and other federal operations. and revenues increase - including revision of the tax code away from special interests - was another key component
    you cherry picked that report
    we are negotiating about dividing a pizza and in the meantime israel is eating it
    once you're over the hill you begin to pick up speed

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    Re: Obama: I'll cut $4 trillion

    Quote Originally Posted by justabubba View Post
    you cherry picked that report
    LOL!

    i linked it, made no comment, let it speak for itself

    not only was it recommended that we create ways to effect economies of the entitlement programs, but those same savings were also found to be needed in defense and other federal operations. and revenues increase
    precisely

    and where's the slasher

    when's his next great speech, excellent speech

    where's hurryup harry

    cuz if something isn't done soon to reform the entitlements, they won't be there for the next generation

    leadership, anyone?

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    Re: Obama: I'll cut $4 trillion

    Quote Originally Posted by The Prof View Post
    LOL!

    i linked it, made no comment, let it speak for itself



    precisely

    and where's the slasher

    when's his next great speech, excellent speech

    where's hurryup harry

    cuz if something isn't done soon to reform the entitlements, they won't be there for the next generation

    leadership, anyone?
    [emphasis added by bubba]
    now let's examine that post, of which you insisted consisted of a cite without any added comment:
    Quote Originally Posted by The Prof View Post
    well, i don't recall seeing federal accounting done in crayon before...

    but the pros lay it out pretty plainly and there's a lotta red

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

    it's math

    if something isn't done soon to reform what are commonly referred to as entitlements, then medicare and medicaid and social security (as well as state pensions) will not be there for the next generation

    leadership, anyone?
    [emphasis again added by bubba to point out the comments the forum member insists were not made in his own post

    such obvious lying is why you haven't any credibility

    it is also noted that you declined to respond to my following rebuttal to your misrepresented point:
    ... not only was it recommended that we create ways to effect economies of the entitlement programs, but those same savings were also found to be needed in defense and other federal operations. and revenues increase - including revision of the tax code away from special interests - was another key component ...
    we are negotiating about dividing a pizza and in the meantime israel is eating it
    once you're over the hill you begin to pick up speed

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    Re: Obama: I'll cut $4 trillion

    if something isn't done soon to reform entitlements they won't be there in a generation

    you think that's a lie?

    LOL!

    dear harry, hurry up, move on the slasher's bold vision

    if something isn't done soon about reforming entitlements they won't be there for the next generation

    and don't forget the states' pensions, they're also in danger of extinction

    News Headlines

    leadership, anyone?
    Last edited by The Prof; 04-18-11 at 02:53 AM.

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