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Thread: Social Security Deficits Now Permanent

  1. #41
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    Re: Social Security Deficits Now Permanent

    Quote Originally Posted by Jetboogieman View Post
    Did Europe piss on your kids in christmas eve or something?

    Just because there were riots, does not mean anything to my statement, that the European nations are making a better effort then the US to tackle their fiscal problems.
    Other then Spain and the UK, the countries that are real trouble are relatively small in population and as a % of the EU

    Others like Germany are doing quite well, France is doing alright as well

    Spain and the UK (especially the UK) has engaged in fixing their problems, the military cuts being taken in the UK would never pass in the US without a few heads rolling. The military cuts are not the biggest % cuts in the UK either. Spain would get a good bounce if it liberalized its job market (to be more like Swedens labour laws)
    Happy Hanukkah Cheerfull Kwanzaa
    Happy Christmas Merry New Year Festivus for the rest of us

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    Re: Social Security Deficits Now Permanent

    Quote Originally Posted by MaggieD View Post
    I see what you're saying. I'm generally amused when I see hospitals/doctors threatening to stop treating Medicare patients. If that happens, pardon the cynic in me, 30-year-olds will start needing hip replacements. So, excellent point.

    No matter what one's income, the Medicare deductible is (I believe still) $225.00 a year. There is no excuse for this model.

    A progressive deductible depending upon one's income (or assets) makes far more sense and would save billions...both in actual dollars and, more importantly, in how seniors use the system. 47 million people are on Medicare. If 25% of them have incomes (or assets) high enough to justify a $2,500 deductible, that would save the system $27 billion -- just in deductible savings. Many of these people would change the way they use the system if the first $2,500 came out of their pockets resulting in more significant savings.

    Further, the $99 (approx.) monthly premium for Medicare should be progressive as well. If that 25% number held, and those 25% were required to pay a monthly premium of $400 (an absolute positive bargain!), that's another $43 billion saved annually.

    Raise the upper limit payroll taxes on Medicare/Drug coverage from its current approximate $100K ceiling, maybe to $200K.

    Make some currently-covered Medicare procedures co-op pay -- such as routine podiatry care.

    Levy some taxes that, instead of going into the general revenue fund, go into the Medicare pot. Example might be an environmentally friendly tax on bottled water. The US consumes 50 billion bottles of water each year x 10-cent tax into the Medicare fund = $5 billion. Junk food and soda taxes -- let's do some social engineering.

    Taxing junk/soda could do double duty -- raising money and, perhaps, making us a tad more healthy. I couldn't find absolute numbers on soda, but I did find that, in 2008, the average American consumed 412 8-ounce servings of Coke. That's 15 billion 8-ounce cans of just Coke x 10-cents a can = $1.5 billion. (A 12-ounce can of soda has about 12 teaspoons of sugar in it, by the by.) Put a tax on fast foods...processed foods. Why not?? The stuff's killing us.

    Levy a separate Medicare tax on tobacco and liquor products.

    I believe that the same way we can handle Social Security's woes can be used, with modification, to handle Medicare's.
    It's clear you gave this a lot of thought, MaggieD, and there will be many similar solutions presented to mend the problem but, ultimately, the attempts to fix them will be political. That means that, just as these programs were introduced, they will not be based on economic truths but on political ambitions and unrealistic expectations.

    Only competition keeps prices down and quality up. The United States. more than any other country anywhere, should have realized this, but the temptation to have free programs with others paying for them is a siren song that is difficult for many to ignore.

  3. #43
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    Re: Social Security Deficits Now Permanent

    Quote Originally Posted by Jetboogieman View Post
    Did Europe piss on your kids in christmas eve or something?

    Just because there were riots, does not mean anything to my statement, that the European nations are making a better effort then the US to tackle their fiscal problems.
    He is baiting and trying to change the topic .. he does that a lot.. and has been reported yet again. Dont stoop to his level.
    PeteEU

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    Re: Social Security Deficits Now Permanent

    [QUOTE]
    Quote Originally Posted by Jetboogieman View Post
    Did Europe piss on your kids in christmas eve or something?
    Of course pissing is what Europeans do best though your suggestion that the might piss on Christmas presents seems a little too anti Christian, even for them.

    It was you who said, "you fail to understand they've been quicker to react to their fiscal problems", yet failed to provide any evidence. I showed Europeans rioting as a result of their economic woes, along with photographic evidence.

    Just because there were riots, does not mean anything to my statement, that the European nations are making a better effort then the US to tackle their fiscal problems.
    Sure, and I'll take your word for that. Riot until all benefits are paid and the budget is balanced. A good Euro plan.,

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    Re: Social Security Deficits Now Permanent

    Quote Originally Posted by PeteEU View Post
    He is baiting and trying to change the topic .. he does that a lot.. and has been reported yet again. Dont stoop to his level.
    Actually I was responding to a post.

    You reported me for changing the topic??

    LOL!! Lefties love that!

  6. #46
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    Re: Social Security Deficits Now Permanent

    [QUOTE=Grant;1059487306]

    Of course pissing is what Europeans do best though your suggestion that the might piss on Christmas presents seems a little too anti Christian, even for them.

    It was you who said, "you fail to understand they've been quicker to react to their fiscal problems", yet failed to provide any evidence. I showed Europeans rioting as a result of their economic woes, along with photographic evidence.



    Sure, and I'll take your word for that. Riot until all benefits are paid and the budget is balanced. A good Euro plan.,
    And unless a person has been living under a rock anyone with a passing knowledge on current events would know that

    Greece has made extensive government spending cuts, and increased taxes. Unfortunately for Greece the economy contracted drastically making the spending cuts seem not as big as a % of GDP

    The UK has made massive spending cuts

    About 490,000 public sector jobs likely to be lost
    Average 19% four-year cut in departmental budgets
    Structural deficit to be eliminated by 2015
    7bn in additional welfare budget cuts
    Police funding cut by 4% a year
    Retirement age to rise from 65 to 66 by 2020
    English schools budget protected; 2bn extra for social care
    NHS budget in England to rise every year until 2015
    Regulated rail fares to rise 3% above inflation
    Bank levy to be made permanent
    BBC News - Spending Review 2010: Key points at-a-glance

    The UK is mothballing its current aircraft carrier, selling one of the two it is contracted to build. Grounding and most likely selling its Harrier jets.

    I am not sure of the response in Spain, or Portugal
    Happy Hanukkah Cheerfull Kwanzaa
    Happy Christmas Merry New Year Festivus for the rest of us

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    Re: Social Security Deficits Now Permanent

    [QUOTE=Lord Tammerlain;1059487339]
    Quote Originally Posted by Grant View Post

    And unless a person has been living under a rock anyone with a passing knowledge on current events would know that

    Greece has made extensive government spending cuts, and increased taxes. Unfortunately for Greece the economy contracted drastically making the spending cuts seem not as big as a % of GDP

    The UK has made massive spending cuts

    BBC News - Spending Review 2010: Key points at-a-glance

    The UK is mothballing its current aircraft carrier, selling one of the two it is contracted to build. Grounding and most likely selling its Harrier jets.

    I am not sure of the response in Spain, or Portugal
    Thanks for all of that.

    Good to hear Europe is doing so well with their spending cuts. Any complaints yet, apart from the riots, about right wing fiscal extremism? Perhaps, for everyone's safety, the army should remain on standby.

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    Re: Social Security Deficits Now Permanent

    Moderator's Warning:
    Social Security Deficits Now PermanentThis isn't about Europe. Stay on topic plz.

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