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Under the current plan everyone's kids will be responsible for 100% of their healthcare costs because you can't get money from a bankrupt program.
Denial is a favorite human coping mechanism and there are a lot of Americans out there in denial about our financial state and how quickly the ship is sinking. They just think they'll party forever and someone else will always be there to foot the bill.
I think what you risk is that over the next 5-6 years when these programs implode and consume the economy and government, the younger generation are not going to take it. Going by current projections in order to pay all the bills of the baby boomers, we will have to surrender our own incomes or if not that pay so much in taxes we will not be able to live ourselves. You'll end up with a revolt and if not violence, there will be a lot of tax evasion, avoidance and other means, just like you see in Greece and you will end up with a dysfunctional economy and a depression.
The leftist keep harping on the revenue and want to raise taxes on the "rich" as well as hitting us up with stealth taxes like obamacare or EPA regulations. But they never fix the problem which is spending. They are like spoiled brats that want to spend and spend and don't want to adjust their behavior, so why should we give them more of our money?
Ryan's plan did not touch people 55 years old, much less people currently on Medicare and Social Security.
This is the problem. The old hippocrites supporting Willard and complainin' 'bout the spendin' needs to put their money where their mouths are. I think we should handle the deficit by abolishing Medicare, Social Security and Supplemental Security Income, and giving these folks health coupons and letting them pay the difference out of pocket for the cost to buy health insurance on the private market.
Give seniors back the money they've paid into Social Security plus interest minus any benefits already received.
If they believe in capitalism the way they pretend they do and don't want their grandchildren enslaved to China they way they claim they don't, they should be all for it. If they run out of money they can rely on family, their church, and charity, not the government. None of these socialist programs are in the constitution!
These folks always talk about cutting stuff down the road and phasing the changes in gradually. Well, the way I see it, we can't keep kicking the can down the road. Let's give Gramps his health stamps and SS refund (if any) and mandate these changes go into effect on January 1, 2013.
Is the same neocon smoke and mirrors they've been peddling for years.
If it worked; if tax cuts truly did result in revenue gains, then the past twelve years with those generous tax cuts should have the US Treasury overflowing with funds.
It does not work.
Our current economic mess is proof positive.
^^this.
The US Treasury is too busy bailing out the big three again. Wells, JPMorgan and bank of amerika, they are more important than average citizens.
Once they attack SS and medicare, Wall St wins completely, and everyone else eats the loss.
Corporations have been telling the middle class to go to hell in many different aspects, its just more obvious with the GOP.
This is the problem. The old hippocrites supporting Willard and complainin' 'bout the spendin' needs to put their money where their mouths are. I think we should handle the deficit by abolishing Medicare, Social Security and Supplemental Security Income, and giving these folks health coupons and letting them pay the difference out of pocket for the cost to buy health insurance on the private market.
Give seniors back the money they've paid into Social Security plus interest minus any benefits already received.
If they believe in capitalism the way they pretend they do and don't want their grandchildren enslaved to China they way they claim they don't, they should be all for it. If they run out of money they can rely on family, their church, and charity, not the government. None of these socialist programs are in the constitution!
These folks always talk about cutting stuff down the road and phasing the changes in gradually. Well, the way I see it, we can't keep kicking the can down the road. Let's give Gramps his health stamps and SS refund (if any) and mandate these changes go into effect on January 1, 2013.
Well, there's a little problem with that. You see Congress borrowed all that surplus money and in its place are non-negotiable USTs. The USG doesn't have the money to give back even if they did end SS.
The US Treasury is too busy bailing out the big three again. Wells, JPMorgan and bank of amerika, they are more important than average citizens.
Once they attack SS and medicare, Wall St wins completely, and everyone else eats the loss.
Corporations have been telling the middle class to go to hell in many different aspects, its just more obvious with the GOP.
Sorry, who exactly is doing this again right now? It's only more obvious because that is what you want to see. We have poured billions of dollars worth of taxpayer money into these banks and Wall Street the last 3 1/2 years.
Sorry, who exactly is doing this again right now? It's only more obvious because that is what you want to see. We have poured billions of dollars worth of taxpayer money into these banks and Wall Street the last 3 1/2 years.
They are doing that to bump up the spending...they are not bailing out banks again.
They want the economy looking a tad bit better as we get closer to election.
It's still too early to start QE3. If Obama gets his way we'll see QE3 end of September, beginning of October so that the rise in economic activity is happening during elections. Americans are too quick to forget.
They are doing that to bump up the spending...they are not bailing out banks again.
They want the economy looking a tad bit better as we get closer to election.
It's still too early to start QE3. If Obama gets his way we'll see QE3 end of September, beginning of October so that the rise in economic activity is happening during elections. Americans are too quick to forget.
Well there is no need to bail out banks as they are loaded with taxpayer dollars but as we have seen with the last two sessions of it, it does nothing for the economy for anyone except Wall Street.
Economic activity did not go up. The markets were simply artificially inflated.
I only picked the first one. You may be a sucker for an argument like this one but a sucker you would be,
Quote:
Indeed, as evident in the following graph, the evidence suggests that tax cuts do not increase revenues to the government in any meaningful way, but instead increase government deficits.
First off they argue that revenue's do increase but they use some worthless words "in any meaningful way". Either they increase or they don't. And then to try and make the arguments they use a rising deficit. The deficit rises because politicians spend even more than the increases are bringing in.
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