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Originally Posted by CravingMountains
I say again, these articles are 1000% debunked by the sheer fact that it is nothing more than DOOMSDAY PROPAGANDA. I swear I don't know why people read this stuff. It isn't healthy.
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How is it propaganda?
I'm saying that:
The Earth's population will grow by 1.4 to 1.5 billion by 2035.
The world-wide middle-class is growing faster than at any time in the history of the planet and that that will cause increased pressures and restraints on resources of all kinds.
The OASDI (or known to some as Social Security) is way underfunded and by 2016 OADI trust fund will be exhausted and will merge with OASI in terms of how it's paid for. By 2033 OASDI trust fund will be exhausted (if not sooner) and people on SS will be receiving about 77% of what they've been planning for all of their lives.
The tax burden because of things like increased debt, Medicaid, Medicare, etc. is going to be eating into people's discretionary spending and that will affect the U.S. consumer based economy negatively.
None of that is controversial and it doesn't take a rocket scientist to know that the only way people will be keeping things like SS is to tax more or cut benefits or a combination of both and to do that taxes will have to be raised even more than "current law."
There is nothing doomsday about that. However, the U.S. will have a very hard time implementing any sort of Medicaid/Medicare for all program when currently they haven't even remotely shown the courage to even talk about those shortcomings. Republicans try and bring it up and videos are shot out across the internet showing them throwing granny off the cliff and democrats seem to think they can just continue to buy votes by making even more empty promises.
I asked a simply question about why you think "It is just a matter of time before all states do" regarding Medicaid expansion and I provided the many problems that you will face regarding that assumption and you have yet to explain why you think the U.S. will be able to afford that.
TPC Tax Topics | Who Doesn't Pay Federal Taxes?
Down from their previous assessment of 47% (yes, the Brookings Institute -- more specifically the Tax Policy Center is where that number came from in the first place) and in about 20 years it will drop to around 23% affecting large swaths of voters who used to think the nanny state is "free."
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At the same time, by 2020, if current laws generally remained in place, federal spending apart from that for Social Security and major health care programs would drop to its smallest percentage of total output in more than 70 years, and federal revenues would be a larger percentage of output than they have been, on average, during the past 40 years. Still, the rising cost of Social Security and the major health care programs would lead to widening deficits, CBO projects. Under those projections, federal debt held by the public would rise substantially over the long term as a share of the economy’s annual output—from 72 percent of output now to more than 100 percent of output 25 years from now—which would probably have significant negative consequences for the economy and reduce lawmakers’ ability to respond to unexpected developments.
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CBO | Choices for Deficit Reduction: An Update
You'll be receiving less benefits from more taxes and your national debt will be exploding to boot.
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Individual Empowerment
Individual empowerment will accelerate owing to poverty reduction, growth of the global middle class, greater educational attainment, widespread use of new communications and manufacturing technologies, and health-care advances.
The growth of the global middle class constitutes a tectonic shift: for the first time, a majority of the world’s population will not be impoverished, and the middle classes will be the most important social and economic sector in the vast majority of countries around the world. Individual empowerment is the most important megatrend because it is both a cause and effect of most other trends—including the expanding global economy, rapid growth of the developing countries and widespread exploitation of new communications and manufacturing technologies.
Food, Water, Energy Nexus
Demand for these resources will grow substantially owing to an increase in the global population. Tackling problems pertaining to one commodity will be linked to supply and demand for the others.
Demand for food, water, and energy will grow by approximately 35, 40, and 50 percent respectively owing to an increase in the global population and the consumption patterns of an expanding middle class.
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http://www.dni.gov/files/documents/G...rends_2030.pdf
At the same time you're receiving less benefits from more taxes the cost of everything will have gone up by at least 30% to as high as 50% which again will be eating into discretionary spending in a consumer based economy.
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We believe that in the world of 2030—a world in which a growing global population will have reached somewhere close to 8.3 billion people
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http://www.dni.gov/files/documents/G...rends_2030.pdf
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The Trustees project that annual OASDI cost will exceed non-interest income throughout the long-range period under the intermediate assumptions. The dollar level of the combined trust fund reserves declines beginning in 2021 until reserves are depleted in 2033. Considered separately, the DI Trust Fund reserves become depleted in 2016 and the OASI Trust Fund reserves become depleted in 2035. The projected reserve depletion years are unchanged from last year’s report.
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http://www.ssa.gov/oact/tr/2013/tr2013.pdf