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Thread: Democrats Counter Proposal: Only Cut $6Bn

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    Re: Democrats Counter Proposal: Only Cut $6Bn

    Quote Originally Posted by Kandahar View Post
    Solving the entitlement problem is the only way to long-term fiscal responsibility. The side-shows with discretionary spending that are being proposed are more of a way for congresspersons to show the voters how much they care, than a serious attempt to solve the problem. As I said, I'm all in favor of cutting out harmful discretionary spending (especially agricultural subsidies and the DoD) but there just isn't that much of it.
    Let us give thanks to the Democrat Party for the Wellstones of Social Security and its 14 Trillion dollar hole, and Medicare and its 74 Trillion dollar hole.

    The two hallmarks of the Democrat Party.......sucking this country dry.

    How the Democrats and the media howl everytime a Republican mentions cutting entitlements.....

    As for the entitlements, social security can be made solvent with a few minor adjustments.
    No its bankruptcy can be postponed with a few minor adjustments. Ponzi schemes always end the same way.......

    By continuing to raise the retirement age by two months per year, and by indexing SS payments to a more accurate measure of inflation, we can keep it solvent. The Republicans have said that they're going to take it up, and Obama has displayed willingness to work with them on the issue.
    .....well eventually that eliminates everyone from the benefit....but not the bill.

    Medicare/Medicaid are much more difficult to solve. These are much bigger problems looming on the fiscal horizon. Hopefully the new health care reform law will help rein in the costs, but it doesn't go nearly far enough in terms of cost controls. Ultimately I think we're going to have to do things that make consumers feel some of the cost of their medical expenses. The "Cadillac Tax" on expensive health care plans is a start; we should start taxing ALL health benefits as regular income to break the link between health insurance and employment. We're also going to need some laws that create a favorable environment for high-deductible plans, so that consumers will be able to protect themselves against the risk of a serious medical bill wiping them out, but still having to pay out of pocket for routine expenses.
    The notion that government taking over (insert anything) will yield a lower cost to the consumer.........

    .........is to ignore every government in world history.
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    Re: Democrats Counter Proposal: Only Cut $6Bn

    Let us give thanks to the Democrat Party for the Wellstones of Social Security and its 14 Trillion dollar hole, and Medicare and its 74 Trillion dollar hole.

    The two hallmarks of the Democrat Party.......sucking this country dry.

    How the Democrats and the media howl everytime a Republican mentions cutting entitlements.....
    Thank the Republicans too, while you're at it. They could have dismantled or revised those programs at multiple junctures over the past 70/40 years. They didn't do it because they didn't want to.
    If you notice something good in yourself, give credit to God, not to yourself, but be certain the evil you commit is always your own and yours to acknowledge.

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    Re: Democrats Counter Proposal: Only Cut $6Bn

    Quote Originally Posted by Badmutha View Post
    Let us give thanks to the Democrat Party for the Wellstones of Social Security and its 14 Trillion dollar hole, and Medicare and its 74 Trillion dollar hole.

    The two hallmarks of the Democrat Party.......sucking this country dry.

    How the Democrats and the media howl everytime a Republican mentions cutting entitlements.
    I'm not going to get into your partisan pissing contest. But the fact is that entitlements WILL need to be reformed in order to sustain our long-term fiscal solvency.

    Quote Originally Posted by Badmutha
    No its bankruptcy can be postponed with a few minor adjustments. Ponzi schemes always end the same way.
    You are simply wrong. Social security can be made solvent into the foreseeable future with a few minor changes, like continuing to increase the retirement age by two months per year, and by changing the inflation indexing system.

    Quote Originally Posted by Badmutha
    The notion that government taking over (insert anything) will yield a lower cost to the consumer.........

    .........is to ignore every government in world history.
    According to the annual report of Medicare's trustees, Medicare's unfunded liability declined from $90 trillion to $30 trillion between 2009 and 2010, following the passage of the health care reform law. Take from that what you will. It's substantial progress, but it still leaves us with a $30 trillion unfunded liability. We can get the rest of the way there with a few more reforms to our tax code. The government should stop subsidizing employer-provided health insurance, and start subsidizing high-deductible plans to nudge consumers toward them. These steps will do a great deal to reduce costs in the long run.
    Last edited by Kandahar; 03-07-11 at 09:07 PM.
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    Re: Democrats Counter Proposal: Only Cut $6Bn

    Quote Originally Posted by cpwill View Post
    but seriously; 6 Billion? that's like when Obama tried to make a name for himself as a cost-cutter after the 'Stimulus' bill by ordering the executive agencies to try to find ( :puts pinkie to lips: ) 100 Million Dollars in savings.

    This isn't a "cut", it's cotton candy la-la land savings; it's less than a rounding error in the fraudulent portion of Medicare.
    The republicans aren't serious about drive toward a balanced budget either. This is all silly politics.

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    Re: Democrats Counter Proposal: Only Cut $6Bn

    Quote Originally Posted by upsideguy View Post
    The republicans aren't serious about drive toward a balanced budget either. This is all silly politics.
    we shall see. thus far they are the ones proposing at least something that resembles actual cuts. If the Democrats want to start outcutting them, my support will switch to the Democrats.

    But I'm thinking that the mood of the public has shifted. Democrats are not going to be rewarded should they continue to insist on being the party of bloated government.





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    Re: Democrats Counter Proposal: Only Cut $6Bn

    Quote Originally Posted by Morality Games View Post
    Thank the Republicans too, while you're at it. They could have dismantled or revised those programs at multiple junctures over the past 70/40 years. They didn't do it because they didn't want to.
    ....it wasnt Republicans that gave us the wellstones of Social Security and Medicare......nor have they had the votes and power required to reverse or change the Democrat wellstones.


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    Re: Democrats Counter Proposal: Only Cut $6Bn

    In other words, they want to cutthe couch-cushion Raman noodle money.

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    Re: Democrats Counter Proposal: Only Cut $6Bn

    Quote Originally Posted by Kandahar View Post
    According to the annual report of Medicare's trustees, Medicare's unfunded liability declined from $90 trillion to $30 trillion between 2009 and 2010, following the passage of the health care reform law.
    2011 February 16 Enlightened Economics
    And the Medicare trustees make the following remarks in that regard. They say that, “the Affordable Care Act [the recently passed healthcare legislation] improves the financial outlook for Medicare substantially. However, the effects of some of the new law’s provisions on Medicare are not known at this time, with the result that the projections are much more uncertain than normal, especially in the longer-range future… the actual future costs for Medicare are likely to exceed those shown by the current-law projections.” In other words, their low-ball estimates are based on such flimsy assumptions as to make them untenable.

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    Re: Democrats Counter Proposal: Only Cut $6Bn

    Quote Originally Posted by Kandahar View Post
    Solving the entitlement problem is the only way to long-term fiscal responsibility. The side-shows with discretionary spending that are being proposed are more of a way for congresspersons to show the voters how much they care, than a serious attempt to solve the problem. As I said, I'm all in favor of cutting out harmful discretionary spending (especially agricultural subsidies and the DoD) but there just isn't that much of it.

    As for the entitlements, social security can be made solvent with a few minor adjustments. By continuing to raise the retirement age by two months per year, and by indexing SS payments to a more accurate measure of inflation, we can keep it solvent. The Republicans have said that they're going to take it up, and Obama has displayed willingness to work with them on the issue.

    Medicare/Medicaid are much more difficult to solve. These are much bigger problems looming on the fiscal horizon. Hopefully the new health care reform law will help rein in the costs, but it doesn't go nearly far enough in terms of cost controls. Ultimately I think we're going to have to do things that make consumers feel some of the cost of their medical expenses. The "Cadillac Tax" on expensive health care plans is a start; we should start taxing ALL health benefits as regular income to break the link between health insurance and employment. We're also going to need some laws that create a favorable environment for high-deductible plans, so that consumers will be able to protect themselves against the risk of a serious medical bill wiping them out, but still having to pay out of pocket for routine expenses.
    I was actually with you till you had to start kissing Obamacare.
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    Re: Democrats Counter Proposal: Only Cut $6Bn

    Quote Originally Posted by Morality Games View Post
    Thank the Republicans too, while you're at it. They could have dismantled or revised those programs at multiple junctures over the past 70/40 years. They didn't do it because they didn't want to.
    and in fact a majority of them voted for both of those programs.

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