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Thread: Americans Blame Wasteful Government Spending for Deficit

  1. #141
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    Re: Americans Blame Wasteful Government Spending for Deficit

    Quote Originally Posted by UtahBill View Post
    The stability of the Middle East should be accomplished by the Middle East, not the USA
    You say that like we do not have _significant_ economic, diplomatic, political, development, and geopolitical interests in the region. We have the leverage and capability to _help_ shape political and social stability by being true to our rhetorical and enunciated principles. Iraq was the geopolitical shift (earthquake) that has started the ripples like a tsunami. It just takes 30 years. 10 if reorientation and 20 to form stable consensual governments.

    or the UN.


    Certainly the Suadis have the strength militarily, politically, and economically.
    The Saudis will not be the ones who decree individual political and social and economic freedoms. Al Azhar is.

    We really are not THAT dependent on ME oil...

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    Re: Americans Blame Wasteful Government Spending for Deficit

    Quote Originally Posted by Joe Steel View Post
    Revenue should match spending. Spending at 24% should be funded by tax revenue at 24%.
    : and how do you plan on producing this; given that it has never been accomplished. even the 91% top marginal rates didn't get us above the historical average of about 18.5 - 19%





    taxing at 24% of GDP! okay, sure

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    Re: Americans Blame Wasteful Government Spending for Deficit

    Quote Originally Posted by Joe Steel View Post
    SS, Medicare and Medicaid are sacred.
    says what scripture?

    Any politician who tries to cut them should be treated as all traitors are treated.
    i must have missed the part when you called for President Obama to be put on trial for treason - perhaps you could point me to the link?

    IOUs are what guys give other guys when they can't cover their losses in basement poker games. The securities in the SS Trust Fund are not IOUs
    in fact, they are.

    They're US Treasury securities backed by the full faith and credit of the United States of America.
    actually, no, they're not like US Treasury's - the bonds we buy.

    They were purchased with funds collected from the American People and we expect to be repaid in full and with interest.
    given that that's going to take $17 Trillion that we the people don't have - we have negative $14 trillion instead - good luck with that

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    Re: Americans Blame Wasteful Government Spending for Deficit

    American's also blame rain for wetness.

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    Re: Americans Blame Wasteful Government Spending for Deficit

    Quote Originally Posted by cpwill View Post
    i notice that you disagree; but don't address the actual issue which is that there simply isn't enough rich people to balance the budget on their backs
    I addressed the links you provided. They are mostly unsupported assertions by guys with opinions. Let's see some numbers.


    Quote Originally Posted by cpwill View Post
    somewhat decreases expenditures? "current law" includes the notion that we can lower Medicare reimbursement rates by 25% without seeing what the Medicare Actuaries tell us will be the widespread de facto destruction of the program. current law is a joke designed to give politicians sound bites - not a real budget.
    Current law is the basis for Conservative demagoguery. Unfortunately, examination of the details invalidates your contentions. Got anything else?


    Quote Originally Posted by cpwill View Post
    until the early 1920's, at which point Medicare and Social Security explode, meaning that those two programs with Medicaid will suck up every single tax dollar.
    SS is OK until around 2037. After that, we could have some trouble. The good news is, we avert the trouble with a small payroll tax increase now. No problem.

    Medicare is a thornier problem but one which will respond well to getting healthcare costs under control. I'd recommend universal, single-payer.

    Quote Originally Posted by cpwill View Post
    there is no possible way in which we produce over $100 Trillion in revenue above what we already are. The money just isn't there. There isn't enough money in the world to meet our unfunded liabilities. not only is it not the revenue, there is no chance that it could be the revenue.
    "Unfunded liabilities" is a scare tactic. The cost of supporting the aged is going to be with us regardless of who bears it. It will either come from private resources or public resources. In either case, we will have to find the money somewhere and it will affect the economy. Better to find the most efficient way to deal with it.
    Proud to be a tax and spend leftist.

    Proud supporter of the real Second Amendment.

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    Re: Americans Blame Wasteful Government Spending for Deficit

    Quote Originally Posted by Joe Steel View Post
    I addressed the links you provided. They are mostly unsupported assertions by guys with opinions. Let's see some numbers.




    Current law is the basis for Conservative demagoguery. Unfortunately, examination of the details invalidates your contentions. Got anything else?




    SS is OK until around 2037. After that, we could have some trouble. The good news is, we avert the trouble with a small payroll tax increase now. No problem.

    Medicare is a thornier problem but one which will respond well to getting healthcare costs under control. I'd recommend universal, single-payer.



    "Unfunded liabilities" is a scare tactic. The cost of supporting the aged is going to be with us regardless of who bears it. It will either come from private resources or public resources. In either case, we will have to find the money somewhere and it will affect the economy. Better to find the most efficient way to deal with it.
    I think you should pay for the SS tax increase yourself, since you thinks that's necessary.
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

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    Re: Americans Blame Wasteful Government Spending for Deficit

    Quote Originally Posted by American View Post
    I think you should pay for the SS tax increase yourself, since you thinks that's necessary.
    I think everyone who benefits from SS should pay the tax increase. That seems fairer.
    Proud to be a tax and spend leftist.

    Proud supporter of the real Second Amendment.

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    Re: Americans Blame Wasteful Government Spending for Deficit

    just raise the payroll tax...

    no problem?

    wow

    then why won't barack the slasher go there?

    why is it TWO YEARS since the united states senate produced a budget?

    anyway, the FIX required for social security is gonna require ALL FOUR hits

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

    social security is not "ok" until 2037

    My Way News - Social Security now seen to run permanent deficits

    social programs like ss and medicare which can't keep their fundamental promises are failures

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    Re: Americans Blame Wasteful Government Spending for Deficit

    Quote Originally Posted by cpwill View Post
    : and how do you plan on producing this; given that it has never been accomplished. even the 91% top marginal rates didn't get us above the historical average of about 18.5 - 19%





    taxing at 24% of GDP! okay, sure
    You should check the average tax rates for OECD countries. The US is near the bottom and some countries in Western Europe are above 30%. If they can do it, we can too.
    Proud to be a tax and spend leftist.

    Proud supporter of the real Second Amendment.

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    Re: Americans Blame Wasteful Government Spending for Deficit

    vote obama, 2012!

    if they can tax we can too!

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