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Thread: Treasury to tap pensions to help fund government

  1. #11
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    Re: Treasury to tap pensions to help fund government

    Quote Originally Posted by Grant View Post
    So you are unclear on the difference between a company failing and a country failing?
    I do, do you? It is funny how you pull this card when most conservatives state that you should run a country like you run a company.. if that is true, then you must also be able to run a failing country as a failing company no?
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    Re: Treasury to tap pensions to help fund government

    Quote Originally Posted by Jetboogieman View Post
    Not even close bud.

    The US long term fiscal challenges lie simply in medicare, medicaid and social security.

    Theres no hiding from that.
    The problem is the private healthcare industry not medicare and medicaid.

    SS is only in trouble because of previous administrations stealing from it for decades to deliver lower deficits.

    But cutting military spending, raising income, fixing a bloated corrupt healthcare industry and tweaking medicare and medicaid and then you are on your way.
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    Re: Treasury to tap pensions to help fund government

    Quote Originally Posted by PeteEU View Post
    The problem is the private healthcare industry not medicare and medicaid.

    SS is only in trouble because of previous administrations stealing from it for decades to deliver lower deficits.

    But cutting military spending, raising income, fixing a bloated corrupt healthcare industry and tweaking medicare and medicaid and then you are on your way.
    Pete, between 46% and 54% of medical spending in the U.S. comes from the government and it only covers a quarter of our national population.

    You can't blame it on private medical care.
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    Re: Treasury to tap pensions to help fund government

    All areas of spending must be cut from. Nothing is sacrosanct anymore, not even the military.

    Until we are willing to embrace that idea, then nothing will change.

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    Re: Treasury to tap pensions to help fund government

    Quote Originally Posted by Harry Guerrilla View Post
    Pete, between 46% and 54% of medical spending in the U.S. comes from the government and it only covers a quarter of our national population.

    You can't blame it on private medical care.
    And who drives up the prices...Medicare and Medicaid who by law can not negotiate prices with drug makers and the medical industry? or.. maybe the private sector.....
    PeteEU

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    Re: Treasury to tap pensions to help fund government

    Quote Originally Posted by PeteEU View Post
    And who drives up the prices...Medicare and Medicaid who by law can not negotiate prices with drug makers and the medical industry? or.. maybe the private sector.....
    Medicare sets prices for procedures by a government advisory board.
    Prescription drugs isn't the only thing that causes medical prices to increase.

    Medicaid can set prices because it is a state by state program.
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    Re: Treasury to tap pensions to help fund government

    Quote Originally Posted by Temporal View Post
    All areas of spending must be cut from. Nothing is sacrosanct anymore, not even the military.

    Until we are willing to embrace that idea, then nothing will change.
    The military is Constitutionally Mandated, the others are the People voting themselves Gold from the Treasury.
    Climate, changes. It takes a particularly uneducated population to buy into the idea that it's their fault climate is changing and further political solutions can fix it.



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    Re: Treasury to tap pensions to help fund government

    Quote Originally Posted by MrVicchio View Post
    If this doesn't tell you we've over reached our bounds, nothing will. Raiding pensions to pay for spending we cannot afford?
    Let me just stop you right there. We certainly can afford it. Congress is just choosing to play games and not borrow the money to fund the budget they've already approved. This is why the debt ceiling is stupid; Congress already decided to set expenditures and taxes at a certain level for the year, and are now unwilling to fund the gap.

    Quote Originally Posted by MrVicchio
    CUT THE SPENDING. Period. Don't think short term and demand taxes go up, that's a blip, and harms longer term economic growth. Cut spending.
    Talk about thinking short term. The fiscal problems that are nation faces are ALL long term, and the solutions read something like "Figure out how to contain the future cost growth of various entitlement programs while generating more tax revenue." NONE of the real solutions read "Figure out how much discretionary spending we can chop from the national budget, and do it right now." Discretionary spending is at historically normal levels, with the exception of the DoD.
    Last edited by Kandahar; 05-17-11 at 06:16 AM.
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    Re: Treasury to tap pensions to help fund government

    Quote Originally Posted by MrVicchio View Post
    It would require cutting social services, as we all know we can't do that cause "people would starve".
    I assume the quotes are meant to mock concern for those in poverty? So let me make sure I understand your position correctly: Raiding the pension funds to pay for the debt is evidence that something must be done about the debt right now...and your solution is to, umm, raid the pension funds?
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    Re: Treasury to tap pensions to help fund government

    Quote Originally Posted by MrVicchio View Post
    The military is Constitutionally Mandated, the others are the People voting themselves Gold from the Treasury.
    The Constitution does not mandate any certain level of military spending, and it is by far the most wasteful element of our discretionary budget.
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