| Home |
| Search |
| Today's Posts |
|
|
|
#1
posted to rec.boats
|
|||
|
|||
Obama endorses slavery
On Sat, 9 Apr 2011 13:11:28 -0500, Boating All Out
wrote: In article , says... On Sat, 09 Apr 2011 00:05:04 -0700, wrote: And their "deficit" is temporary. For example, the primary reason for the SS deficit is low unemployment, and that will change in the next year or so, then it's solvent for another 30 years. You have not been paying attention have you. The projection was always that SS would be upside down in 2017, then 16 then 15 and the later projections were 2012-13. Then the recession made that 2010 they HOPED they might get a year or two of surplus but the Obama payroll tax cut torpedoed that. It will never see a surplus again. Medicare has been upside down for quite a while with no end in sight. SS isn't a big problem if correctly understood and addressed. But Obama isn't helping at all. Very bad move reducing the SS tax. SS has its own cost/revenue stream for accounting purposes. As the treasuries are redeemed when outflow exceeds inflow, the SS fund will be depleted faster. I've seen it said that when the fund is entirely depleted, SS can still pay 75% of current benefits on SS income alone. But that probably was based on fuller employment than current, and certainly won't hold true at Obama's reduced SS tax rate. Last projection I saw for SS fund zero balance was 2037. Obama's action has knocked years off that. This is no different than the dishonesty of the GWB tax cuts/deficit spending or Reagan's voodoo economics. Where are the adults? A more cynical way of looking at these matters is that politicians know exactly what they are doing. Reagan and GWB figured that the population at large would accept the rich becoming richer and the poor poorer. GWB figured that deep debt would lead to curtailing safety net programs as a means to deal with it. Obama figures that nothing can hurt SS because to hurt it would be fostering rebellion against those who attempt it. If that's true I think they were all correct in their "figuring." The real problem is the 2-party system. Doesn't work any more. Too much time spent with schoolyard feuds, and little common sense. Paul Ryan is a good example of no common sense. Wants to kill Medicare and replace it with vouchers to pay insurance companies for health insurance. Now I ask you. What insurance company wants to insure old people? What's the premium for a 70 year old? $50k a year with a $20k deductable? Man, this guy is in for some hurting when his "plan" gets analyzed. He's a real dope millionaire. I've already heard some economists are saying his plan will add to the deficit too. Written by "The Club for Growth" supposedly. All this whining from Ryan and his millionaire ilk about debt being bad for "the grandchildren", but maybe they don't worry about their grandchildren paying $50k insurance premiums when they become old folks? The nonsense and hypocrisy I see is hilarious. Like I say, where are the adults? I thought reducing the SS tax was a bad idea as well. I think the rationale is that it puts more money in people's hands when they need it, but it's a tepid way of doing it. |
| Reply |
| Thread Tools | Search this Thread |
| Display Modes | |
|
|
Similar Threads
|
||||
| Thread | Forum | |||
| Senate apologize for the wrongs of slavery | General | |||
| Goldwater's Granddaughter Endorses...Obama! | General | |||
| Colin Powell Endorses... | General | |||
| Union endorses Republican... | General | |||
| Communist Party endorses Kerry | ASA | |||
Hybrid Mode
