Poll: Most Americans Oppose Entitlement Cuts to Deal with Debt Problem (lawyer, border)
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Social security, defense, unemployment, welfare, medicare and medicade make up 75% of the U.S. debt. Remove defense and you have most (56%) of Federal $ going to social security, unemployment, welfare, medicare and medicade.
So what do you want to cut?
Health and Human Service (2.2% of spending)- this money funds a huge portion of medical research and ensures that drugs are safe and effective
Transportation (2.05%)- because we don't really need roads anyway.
Dept. of Veterans Affairs (1.5%)- a nice "F-you" to those who served
Dept. of State (1.5%)- basically our relations with the rest of the world
Education (1.32%)- go ahead, cut this... the Chinese and the Indians will thank you in a few decades.
More people taking out of the system than people putting into the system.
The clock is ticking folks.
Also include the many 'disabled' (my back hurts!) who plague this board. Pay in a little, take out a lot.
$115 billion last year paid out in Federal disability benefits. $75 billion more for associated Medicare payments.
(I am not talking, of course, about those with truly debilitating diseases, who spend their days in nursing homes, etc. I am talking about those like my brother-in-law, who says he is too sick to hold a job, but by god can sit at a computer all day and rant about the 'liberals' ).
Also include the many 'disabled' (my back hurts!) who plague this board. Pay in a little, take out a lot.
$115 billion last year paid out in Federal disability benefits. $75 billion more for associated Medicare payments.
(I am not talking, of course, about those with truly debilitating diseases, who spend their days in nursing homes, etc. I am talking about those like my brother-in-law, who says he is too sick to hold a job, but by god can sit at a computer all day and rant about the 'liberals' ).
I got a cousin on disability as well..bad back. But not bad enough to go play golf 3-4 times a week. My cousin learned to play the system well early in life. He got his and the people of NYC are paying for it and have been for some number of years.
When you have borrow the money and the amounts are unsustainable then you do waht you have to do. Can't live on the chinese credit card for ever. With all the jobs created and new infrastructure everyone should be fine.
When you have borrow the money and the amounts are unsustainable then you do waht you have to do. Can't live on the chinese credit card for ever. With all the jobs created and new infrastructure everyone should be fine.
We're beyond the Chinese credit card. We got the Fed printing up money in the basement to keep us afloat.
Cut the federal workforce by a third and consolidate all redudancy. Cut military spending in half. End military operations in Iraq & Afghanistan and send all of those troops to the US/Mexico border that they would patrol as strictly as a prison wall. Cut federal subsidies to billion dollar companies and invest that money into small businesses and vocational training.
Lastly, adopt strict a pay-as-you-go spending policy. No new bonds. Period.
Idealistic and unrealistic-I know. But that's what I would do.
Probably.
We could rewind the federal budget to pre-0bama levels, that would knock off about 20% of current federal spending.
I got a cousin on disability as well..bad back. But not bad enough to go play golf 3-4 times a week. My cousin learned to play the system well early in life. He got his and the people of NYC are paying for it and have been for some number of years.
We once had a case that involved a gentleman who hurt his back while working at the GM plant in Arlington, Texas. His job consisted of driving the cars just off the assembly line to the back of the facility, and then head back to get another car (in a golf cart driven by yet another employee).
Anyway, as a condition for receiving the private long-term disability payments (from GM) the gentleman was required to file for a disability insurance benefits under Title II of the Social Security Act, and to appeal to the hearing level, if needed. He needed.
Well! His hearing date in front of an Administrative Law Judge arrived. The gentleman appeared and literally could not conceal his impatience. The gentleman explained that he was due to play golf that morning, and asked the judge to hurry it up, that he did not care what the judge decided, just so long as he made the hearing quick.
The judge, of course, found him 'not disabled' (the medical showed little in the way of back problems). The GM employee did not care because he had fulfilled his obligation to seek DIB; the fact that he was turned down did not matter one whit (if by some miracle he was approved, then there would have been an offset, lessening the amount payable by the private insurance carrier).
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