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On Tue, 19 Apr 2011 20:28:24 -0400, wrote:

On Tue, 19 Apr 2011 10:05:17 -0700, wrote:

On Mon, 18 Apr 2011 23:55:24 -0400, wrote:

I actually got that "wealth transfer from the young to the old" from a
PhD economic professor that I argue with on another BB.
He is about as left as you can get but he does understand the reality
that SS is "pay as you go" and young people are paying old people 14%
of what they earn. That is usually a lot more than their income taxes.
It still is not covering the benefits being paid out.

Tell it to the Republicans who blocked the most recent PayGo.

I do

Cool. I'm betting you didn't actually do that. You just "think it."
How about getting out there at a Tea Party rally with a sign that says
PayGo is the way to go.

You would have better luck at a tea party rally than at any DNC
function. Part of pay-go is if you can't pay for it, don't spend it.

That would have the US government cutting a trillion and a half in
spending. Obviously we can't just do that but these little 30 billion
dollar cuts and 70 billion dollar tax increases won't even keep up
with the cost of borrowing the money we already spent and we have to
keep refinancing. This 0.3% interest rate will not last forever.

Actually, you wouldn't. The Republicans who are totally beholden to
the TPs wouldn't go for it.

Feel free to fantasize about how great it would be if the TPers got
their way.