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Thread: Treasury to tap pensions to help fund government

  1. #21
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    Re: Treasury to tap pensions to help fund government

    Quote Originally Posted by Kandahar View Post
    Let me just stop you right there. We certainly can afford it.
    I take it you haven't gotten the memo...

    We're $14,000,000,000,000.00+ IN DEBT.


    Quote Originally Posted by Kandahar View Post
    Congress is just choosing to play games and not borrow the money to fund the budget they've already approved.
    When you're borrowing, at $14,000,000,000,000.00+ In the hole, you most certainly CANNOT afford it.


    Quote Originally Posted by Kandahar View Post
    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.
    Here's a hint: If you have to borrow in the TRILLIONS to fund spending, it means... GASP! You cannot afford it.


    Quote Originally Posted by Kandahar View Post
    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.
    Yeah here's where you are in lala blind folder land. DOD spending is 16-20% of the budget. SS, Medicaide, Medicare are at 55-60% of the budget.

    You do the math. Politically, you cannot, WILL NOT accept that social spending is what the problem is, so you pull out the old, tired, lame canard of "It's military spending!!!" when reality is clearly, otherwise. BOTH parties are guilty of not doing the right thing, which is to say "Hey, all these social programs... ya know the ones where we take your money and promise you things... well we lied!!! We've spending way more then we're taking in so you'll vote for us... our bad. Sorry old folks but your bribes for votes, we have to stop this before we're all ****ed".

    They find ways to "keep our promises" because the country is full of stupid, lazy greedy bastards that can't accept the free ride has to end, NOW.
    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.



  2. #22
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    Re: Treasury to tap pensions to help fund government

    Quote Originally Posted by Kandahar View Post
    The Constitution does not mandate any certain level of military spending, and it is by far the most wasteful element of our discretionary budget.
    Only in hyper-partisan land is 16-20% of the budget too much spending while 55-60% is A-OK
    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.



  3. #23
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    Re: Treasury to tap pensions to help fund government

    Quote Originally Posted by MrVicchio View Post
    Treasury to tap pensions to help fund government - The Washington Post

    If this doesn't tell you we've over reached our bounds, nothing will. Raiding pensions to pay for spending we cannot afford?

    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.

    Nothing new, christie whitman did it in jersey alot of years ago and murdered the pension system there...of course she never paid it back...The jersey pension system is running a deficit in the billions and christie hasnt made the two payments he was supposed to make...the GOP murdered the pensions in Jersey, they never paid their half into the pension for 20 yrs...it was the most solvent penison in the country

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    Re: Treasury to tap pensions to help fund government

    Quote Originally Posted by PeteEU View Post
    Why not? The private sector does it constantly so why cant the US government?
    Maybe because it's bad economic policy, and because when the private sector does it the money is spent on the company the employee works for; and not the entire country as the govt would do. That means the spending is localized. BTW, do you have source to show that the private sector does this constantly?
    Last edited by American; 05-17-11 at 08:29 AM.
    "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: Treasury to tap pensions to help fund government

    Quote Originally Posted by MrVicchio View Post
    Treasury to tap pensions to help fund government - The Washington Post

    If this doesn't tell you we've over reached our bounds, nothing will. Raiding pensions to pay for spending we cannot afford?

    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.
    Of course we reached our bounds, additional spending has not been approved.

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    Re: Treasury to tap pensions to help fund government

    Quote Originally Posted by megaprogman View Post
    Of course we reached our bounds, additional spending has not been approved.
    Did you notice how the Earth continued spinning on its axis yesterday?
    "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: Treasury to tap pensions to help fund government

    Quote Originally Posted by American View Post
    Did you notice how the Earth continued spinning on its axis yesterday?
    Yes, because we can play accounting tricks to hold off the disaster for a while.

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    Re: Treasury to tap pensions to help fund government

    Quote Originally Posted by megaprogman View Post
    Yes, because we can play accounting tricks to hold off the disaster for a while.
    What accounting tricks?
    "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: Treasury to tap pensions to help fund government

    Quote Originally Posted by PeteEU View Post
    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?
    You certainly seem not to understand the difference between a failing country and a failing economy. I don't why I have to explain the obvious difference between the two.

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    Re: Treasury to tap pensions to help fund government

    Quote Originally Posted by American View Post
    What accounting tricks?
    Well, one that has been mentioned in this very thread is monkeying around with pension funds. Of course that money has to be paid back later.

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