Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
A useless statistic since marginal =/= effective . I also suspect that that is on earned income and the ultra rich almost never have a significant amount of that.
Whatever CPI they decide on is their version of inflation. The items tracked are cherry picked and change over the years.
It gives a biased skewed number that is fantasy for most Americans who actually NEED food, energy and housing.
I just went to town the other day to get a paper recorded in the county records.
The last time I did that was 10 years ago. It cost $5/page to have it recorded. Now..$16/page.
300% increase in 10 years. And this is government I'm dealing with.
So no matter what CPI figure they use, it will be less than the inflation we deal with here in reality of living our daily lives. People will just have to tighten their belts that much more. Bernanke will just have to pump into the system that much more. All to keep the "illusion" of a recovering USA.
If this country is spending money it doesn't have and not expanding its economy (tax base) then we have already gone off the fiscal cliff. The discussion Congress is having isn't about going over the edge but rather, how hard we're going to hit the pavement.
If you ask me, neither party is concerned with America's best interest, but rather, political popularity and "what's best" for them. If these people were serious, we'd be following Simpson-Bowles as closely as possible. Compromise means BOTH parties walk away UNHAPPY and EVERYONE sacrifices, and yes, everyone hurts.
But, I dare say even this nation isn't interested in compromise because everyone's reaction is "Fine so long as it's the OTHER guy." Well, it won't work that way.
BTW, get rid of SS. It's an albatross and will never be solvent, nor will it keep up with inflation. Draw a line in the sand and grandfather people into the program, let the rest keep the money they would otherwise pay into it and deal with that as they see fit. That way, they don't rely on the government for whatever it sees fit to deem as the monthly entitlement, and people are responsible for their own means.
If this country is spending money it doesn't have and not expanding its economy (tax base) then we have already gone off the fiscal cliff. The discussion Congress is having isn't about going over the edge but rather, how hard we're going to hit the pavement.
If you ask me, neither party is concerned with America's best interest, but rather, political popularity and "what's best" for them. If these people were serious, we'd be following Simpson-Bowles as closely as possible. Compromise means BOTH parties walk away UNHAPPY and EVERYONE sacrifices, and yes, everyone hurts.
But, I dare say even this nation isn't interested in compromise because everyone's reaction is "Fine so long as it's the OTHER guy." Well, it won't work that way.
BTW, get rid of SS. It's an albatross and will never be solvent, nor will it keep up with inflation. Draw a line in the sand and grandfather people into the program, let the rest keep the money they would otherwise pay into it and deal with that as they see fit. That way, they don't rely on the government for whatever it sees fit to deem as the monthly entitlement, and people are responsible for their own means.
Wow. So misinformed. SS deficit is not a major factor in the overall deficit. It's a long term, manageable, deficit. It's a well run program with only a 1% overhead. Before this program, elderly begged on the streets for handouts. It's human nature that many of us will not save responsibly for retirement, and this program just provides a basic income to keep them off the streets.
I seriously wished there was a place we could send you radical economic libertarians to live without government. Lord of The Flies. You'd be begging to be let back in.
Someone getting $2000/mo wth say $3000/mo other income might substitute down to deal with a SS cut.
Someone getting $1000/mo with no other income is probably already at the bottom of the substitution chain, and therefore can't substitute down, making any SS cut a pure cut for them.
Someone getting $2000/mo wth say $3000/mo other income might substitute down to deal with a SS cut.
Someone getting $1000/mo with no other income is probably already at the bottom of the substitution chain, and therefore can't substitute down, making any SS cut a pure cut for them.
Yep. That's another great argument against this. Just another reason why I couldn't bring myself to vote Obama who would collude with the GOP to do this.
What's going on is Americans have internalized this lie that says if you don't make a lot of money, you have some character flaw, and you are not worthy of decent life. No other western society on Earth has two parties that would be willing to cut the incomes of the elderly, while their rich, ownership class lives the high life with the lowest taxes in the Western industrialized World. It's sad. These elderly, white, males will do anything, including cutting their own grandkids SS benefits to stick it to a brown person.
The elite (banksters and truly wealthy with power to influence) run the world governments.
Iceland is the only country that told them all to go f*** themselves and took a hard fall for it 4 years ago.
And today they are better off then they were before they crashed.
DC is bought and paid for. And there's nothing you can do about it now..it's too far gone.
And every 2/4 years the promises abound and the sheeple send them right back to DC.
The elite (banksters and truly wealthy with power to influence) run the world governments.
Iceland is the only country that told them all to go f*** themselves and took a hard fall for it 4 years ago.
And today they are better off then they were before they crashed.
DC is bought and paid for. And there's nothing you can do about it now..it's too far gone.
And every 2/4 years the promises abound and the sheeple send them right back to DC.
You throw me for a loop sometimes. How you can you rightly know this, and yet have offered up the Ryan plan a few posts ago which just plays into the hands of wealthy elites that run this country?
Yes, the Dems cannot bring it to themselves that their own party is willing to make cuts to SS.
And if they do it will because they are FORCED to do it.
Yeah..well we'll see how this plays out. Just remember a Dem holds the veto pen and has for 4 years.
They are not FORCED to do anything. They could cut welfare entitlements but apparently are prepared to throw retirees under the bus before welfare recipients.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
