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Thread: Treasury to tap pensions to help fund government

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    Re: Treasury to tap pensions to help fund government

    Quote Originally Posted by American View Post
    What accounting tricks?
    The US government is useing certain tricks to get money to be able to operate fully untill August.

    It is in August that the debt ceiling limitation will take effect on the US government spending. When Grandma wont get her SS check, and her doctor will refuse to treat her kidney faluire
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    Re: Treasury to tap pensions to help fund government

    Why not tap the pensions? I didn't hear anyone complaining when SS was being tapped out.

    The US government needs to file bankruptcy. You want to run the government like a company? That's what a company would do in this situation.
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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.

    I'm as pro-military as the next guy but you can't claim that something which consumes over a third of the budget has nothing to do with the problem.

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    Re: Treasury to tap pensions to help fund government

    Quote Originally Posted by Wiseone View Post
    I'm as pro-military as the next guy but you can't claim that something which consumes over a third of the budget has nothing to do with the problem.
    When one looks at unfunded liabilities.... It ain't even close, that's the true issue.

    I'm not saying defense doesn't need to be trimmed, but the projected cost of those 3 things will destroy your nation.

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    Re: Treasury to tap pensions to help fund government

    Quote Originally Posted by Deuce View Post
    Please lay out your plan for cutting this much, all at once. In detail.
    Tough to do when there are trillions of dollars involved and a deficit of $1.5 trillion in this year alone.

    Reality will be taking over soon and the politicians will be powerless.

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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.
    You know, Canada's running surplus's now, maybe we can sell our allies a few carriers, missle frigates, maybe a nuke sub or two..??

    Actually, I'm not kidding, why not sell some of our really cool military toys? We could have a huge yard sale, but only our friends and neighbors are invited.

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    Re: Treasury to tap pensions to help fund government

    Quote Originally Posted by Hicup View Post
    You know, Canada's running surplus's now, maybe we can sell our allies a few carriers, missle frigates, maybe a nuke sub or two..??

    Actually, I'm not kidding, why not sell some of our really cool military toys? We could have a huge yard sale, but only our friends and neighbors are invited.

    Tim-
    Not saying that we should, but one of the advantages of selling US military hardware is that it generates maintenance business we can further cash in on.

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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.
    As the military takes the largest piece of the pie you're saying continue spending that money on policing the world while Americans suffer? How generous of you.

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    Re: Treasury to tap pensions to help fund government

    Quote Originally Posted by megaprogman View Post
    Not saying that we should, but one of the advantages of selling US military hardware is that it generates maintenance business we can further cash in on.
    I know, right? Why not sell some of our goodies to places like Canada, Mexico, Europe? I'm sure Mexico could use some high tech gadgets to help them in their war on the drug lords?


    Tim-
    “When buying and selling are controlled by legislation, the first things to be bought and sold are legislators.” - P. J. O’Rourke
    “Socialism is great until you run out of someone elses money” Margaret Thatcher

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    Re: Treasury to tap pensions to help fund government

    Quote Originally Posted by Hicup View Post
    I know, right? Why not sell some of our goodies to places like Canada, Mexico, Europe? I'm sure Mexico could use some high tech gadgets to help them in their war on the drug lords?


    Tim-
    Actually, at this point in time we're GIVING military aid to Mexico, no charge.
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    Bifurcating victory (e.g. winning militarily, losing politically) is a useful salve for defeated armies. The "stab in the back" narrative helped take the sting out of failure for German generals after WWI and their American counterparts after Vietnam.

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