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Social Security is so bankrupt that the amount of debt they hold makes the federal debt look like charging a can of coke.
Or are you counting like the government counts it, which is that they have no obligation to pay people back, thus there is no debt? If you cant understand that tens of millions of people pay into something that has no money left, then why should I take anything you say seriously?
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Originally Posted by rikoshaprl
The more I read these posts the more delusional they get! Social security does not have enough funding to pay all the promised future benefits, does it? Social Security and Medicare Could Run Out Sooner Than Expected - ABC News
Plus there is no money in the social security trust fund, only IOU's from the federal government. Disability insurance will run out of money by 2016. Social Security disability trust fund projected to run out of cash by 2016 - The Washington Post
The top tax rate in 1980 was 70%. Drastically lower rates through the 80's and 90's is what produced the jobs you talk about. The problems started with the Clinton internet bubble bursting at the end of 1999, the terrorist attack of 2001 and the democrat led housing debacle of 2007. Nothing to do with tax rates falling. Historical Top Tax Rate
Well MTAtech I believe these two have answered for me. Thank you both.
On top of sucking at Social Issues, what exactly have the Republicans done for the economy in the past besides a couple of unfunded wars an unfunded drug plan that benefits pharmaceuticals, and the ill advised Bush tax cuts which turned a surplus into a deficit.
Then they scream for more tax cuts for the wealthy as the Koch Brothers are able to donate $400 million to buy themselves a President and yet are unable to afford to pay a bit more in taxes that would bring down the deficit. Oh, and where are the job creators? Wasn't that what the Bush tax cuts were for?
I recall reading somewhere that the last time we had a balanced budget under a Republican administration was during Eisenhower's term. Wasn't he the guy who got the Interstate Highway system going???? Damned Socialist
Oh, not to mention, we now have a CEO running for the Presidency and if memory serves me correctly, the last CEO President we had was Herbert Hoover. You might note how well his administration went.
On top of sucking at Social Issues, what exactly have the Republicans done for the economy in the past besides a couple of unfunded wars an unfunded drug plan that benefits pharmaceuticals, and the ill advised Bush tax cuts which turned a surplus into a deficit.
Sucking at Social Issues, LOL, and this President has done a great job on social issues, NOT. As for the unfunded wars, if congress hadnt insisted on making everything a publics issue both wars could have been avoided by tactical actions by Spec Ops and the drug plan would of had plenty of funding if not for the millions of dollars given to the families of 911 victims. And the tax cuts could not hurt a non existant surplus which only existed on paper.
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Then they scream for more tax cuts for the wealthy as the Koch Brothers are able to donate $400 million to buy themselves a President and yet are unable to afford to pay a bit more in taxes that would bring down the deficit. Oh, and where are the job creators? Wasn't that what the Bush tax cuts were for?
So no complaint about the billion Soros spent for Obama? Do you know the percentage of taxes the **** brother and Soros pay? Not less than their secretairies, try 50% to 75%, how would you like to pay their tax bills? Bush tax cuts were for everyone not just the rich and they eased the pressure on the little guys while the big guys barely noticed, because they are rich.
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I recall reading somewhere that the last time we had a balanced budget under a Republican administration was during Eisenhower's term. Wasn't he the guy who got the Interstate Highway system going???? Damned Socialist
The Dems have only had balanced budgets on paper but when the actual numbers were crunched they were worse than any Repub could have done on purpose.
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Oh, not to mention, we now have a CEO running for the Presidency and if memory serves me correctly, the last CEO President we had was Herbert Hoover. You might note how well his administration went.
Well he couldn't do worse than the community organizer has done, what 4 to 6 trillion added to the dept? My goodness and what is he? Democrat.
06-02-2012, 09:01 PM
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n/a posts
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On top of sucking at Social Issues, what exactly have the Republicans done for the economy in the past besides a couple of unfunded wars an unfunded drug plan that benefits pharmaceuticals, and the ill advised Bush tax cuts which turned a surplus into a deficit.
There's a reason Republicans pretend history doesn't exist prior to January 2009. The policies of the modern Republican party have been an abject failure by any sane measure.
What we need is a fiscally conservative party that doesn't ignore all facts and actually believes in fiscal conservatism. You know, the exact opposite of the modern fact-denying, money-wasting GOP.
The op, a far left partisan, talking about what moderates want. Uh huh.
Not to mention that the manufactured War on Women created by the democrats has backfired brilliantly in their faces, as with every new poll, Romney gains more and more with women.
Also, not to mention that not even WOMEN agree with the op.
Obama supported the bail outs and it was Obama's administation that allowed the QE programs.
As to the QE programs specifially, they created inflation for the benefit of keeping Wall Street profits inflated.
Inflation has caused people to spend more but not for more things. Without QE gas never reaches $4.00. Look at what has happened to the price since the QE programs ended.
Spending $4.00 for gas (and more for milk, bread, etc) means you have less for anything else. With this lack of demand, even though corporations are taking in more money there is no need for them to hire.
Now, you didn't ask me what parts of all of this is Bush's fault, just what is Obama's. In simplistic form, there you go.
I don't think you can blame QE by itself for $4.00 gas without considering how worldwide demand has increased in the last 20 years with the economic development of emerging markets. Simply put there is more demand for gas and other commodities due to higher levels of economic growth in Asia, Latin America and Africa.
I don't think you can blame QE by itself for $4.00 gas without considering how worldwide demand has increased in the last 20 years with the economic development of emerging markets. Simply put there is more demand for gas and other commodities due to higher levels of economic growth in Asia, Latin America and Africa.
But Obama blamed Bush, saying high gas prices are a sign of failed presidential policies, not due to world wide demand, now he's facing the exact same problem and the public is looking for him, to do something about it.
Rightly, or wrongly, this issue is something he fabricated to win, and he fabricated to get policies through, by blaming oil speculators for example, so when his policies fail to do anything, then its fair to look at him and ask why this time is any different than before.
Blaming worldwide demand, isnt going to sit well with many americans who he spent so long convincing otherwise.
What was the max marginal rate for Clinton 39.6 and that included capital gains taxes.
It trickle down REALLY worked the the Bush Tax Cuts would have theoretically led to an even bigger economic boom than what occurred during Clinton, especially with a 15% tax rate on capital gains. We both know that didn't happen.
Stats courtesy of the Bureau of Economic Analysis
Clinton 1993 – 2000
Average Annual Increase in Real Private Fixed Investment – 8.775%
Bush 2001 – 2008
Average Annual Increase in Real Private Fixed Investment – 0.624%
IN the Clinton years there was actually investment in the economy. In the Bush years not so much.
The lack of any significant increase in real private fixed investment in the biggest indictment of "Trickle Down Economics". Simply put if there is no investment in plants, equipment, software and other things associated with private fixed investments where is the "Trickle" coming from?
Average quarterly GDP change year over year
Clinton - 3.869%
Bush - 2.1%
Stats courtesy of the U.S. Census Bureau
Bush 43
Americans Below The Poverty Level
2001 - 32.907 million 2008 - 39.829 million - increase 21.04%
Overall Population Growth
2001 - 281.475 million 2008 - 301.041 million - increase 6.95%
During the Bush 43 Administration poverty INCREASED three times faster than rate of population growth.
Clinton
Americans Below The Poverty Level
1993 - 39.265 million 2000 - 31.581 million - decrease 19.57%
Overall Population Growth
1993 - 259.278 million 2000 - 278.944 million - increase 7.58%
During the Clinton Administration poverty DECREASED 2.5 faster than the population grew.
President Bush has presided over the weakest eight-year span for the U.S. economy in decades, according to an analysis of key data, and economists across the ideological spectrum increasingly view his two terms as a time of little progress on the nation's thorniest fiscal challenges.
The number of jobs in the nation increased by about 2 percent during Bush's tenure, the most tepid growth over any eight-year span since data collection began seven decades ago. Gross domestic product, a broad measure of economic output, grew at the slowest pace for a period of that length since the Truman administration. And Americans' incomes grew more slowly than in any presidency since the 1960s, other than that of Bush's father.
From an economic policy standpoint the Conservatives had everything their way; low taxes, low regulation in the financial markets, and low tax rates and the Bush 43 Administration had one of the worst records for economic growth since Herbert Hoover, It's patently illogical to suggest more of the same is going to work any better with Mitt Romney.
Last edited by JazzyTallGuy; 06-03-2012 at 10:23 AM..
But Obama blamed Bush, saying high gas prices are a sign of failed presidential policies, not due to world wide demand, now he's facing the exact same problem and the public is looking for him, to do something about it.
Rightly, or wrongly, this issue is something he fabricated to win, and he fabricated to get policies through, by blaming oil speculators for example, so when his policies fail to do anything, then its fair to look at him and ask why this time is any different than before.
Blaming worldwide demand, isnt going to sit well with many americans who he spent so long convincing otherwise.
I'm interested in facts and logic and your interested in the "He said, she said" of politics.
Do you take your political positions based on "Obama said" or "Bush said" or "Romney said" you do you REALLY examine issues and do your own research and thinking before taking a positions?
Most Americans of voting age who possess an IQ greater than their shoe size understand the GOP economic "policy" is the same tax cuts/trickle-down/deregulation slop that resulted in the current Great Recession.
The current debt crisis has nothing to do with the cause of the recession, so we can remove the tax cuts portion from your list of reasons.
How about you explain to us exactly what deregulation by the republicans caused the recession.
Prove that you have an IQ higher than your shoe size Gringo.
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