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The numbers don't lie....
While lawmakers from both parties squabble over tax rates, a fiscal crisis is looming on the horizon. Entitlement programs -- Social Security and Medicare to be precise -- have unfunded obligations of $48 trillion. By comparison, the fiscal cliff carries a price tag of roughly $650 billion.
Over the next 75 years, Social Security will owe an estimated $11.3 trillion more in benefits than it will receive in payroll taxes. It has been running deficits since 2010, according to the Social Security Administration.
Morning Bell: 3 Simple Solutions for Fixing Social Security
What percentage of the total budget go to entitlement programs, Karl?
Is that percentage projected to rise or fall as aging baby boomers start to burden the living shit out of the system?
Social Security currently has a $2.7 trillion surplus and doesn't cost the government one penny - and is okay until 2033 even without any changes. Sooo, what's the problem?
Cut defense in Half.
It's inevitable...Both programs are completely unsustainable, given the demograpics.Junk 'em.
Ya can't fix it, fuck it.
Well, i think that is as likely as the world ending tonight.
Deal with the unpleasant truth today, or lie to yourself and deal and get a currency debacle.
Those are your choices...There is no in between.
Numbers often lie.
Does anyone add less useful drivel to a thread than you? When faced with numbers you can't dispute, all you can do is post "numbers often life"? Why bother commenting at all? Just move on to another thread.
You prove yourself to be the idiot we believe when you can't dispute the facts so you add mindless drivel.
Eat shit asshole, numbers always lie when people like you use them to support their monstrous positions.
Social Security currently has a $2.7 trillion surplus and doesn't cost the government one penny - and is okay until 2033 even without any changes. Sooo, what's the problem?
Cut defense in Half.
The fact that there is no money in Social security. Your leaders spent it decades ago. IOUs are not a surplus. They never were. And they never will be.
The minute LBJ, a Dem, put SS in the General Fund it was doomed. Those Clowns have been stealing it ever since.
Of course the Clowns don't put anything into SS. They have their own fund which they don't rob blind.
If anyone thinks they give a shit about your SS your living in la la land.
Personally I'd like every dime I have in both SS and Medicare. I can take better care of my money than some asshole in DC.
Those programs never, ever should have been implemented. Another case of no one looking at the big picture and unintended consequences.
Two more gifts courtesey of the asshole Democrats. Funny how all those entitlements are forced on us by the Dems.
.
"We must gut entitlement programs if we are to survive".
I suppose this depends on one's definition of the word "survive".
If it means "to exist as a country", that's certainly not true. If it means "remain as we are, with significant wealth concentration and an incredible quality of life for some", then that's a different story.
My guess is that we'll see higher overall income taxes, especially at the top end, within a few years. The combination of higher taxation and the drag it will have on the economy will reduce the standard of living for many -- fewer toys -- but quality of life overall? Not so sure.
We've passed the tipping point, gang. We've been borrowing too much money for decades now, we've been living an artificial lifestyle on credit cards, and it's time to pay up. Does anyone ever wonder why we never hear about "interest that must be paid on the debt" when there's a discussion on our budget and deficit? It's because both parties have had their hands in the cookie jar and no one's going to fess up.
We'll exist, possibly just fine, but it's not going to look like it has.
.
"Unfunded liabilities" are a scare tactic.
SS does not contribute to the deficit.
Medicare is cost effective.
The OP is a failure.
The numbers don't lie....
While lawmakers from both parties squabble over tax rates, a fiscal crisis is looming on the horizon. Entitlement programs -- Social Security and Medicare to be precise -- have unfunded obligations of $48 trillion. By comparison, the fiscal cliff carries a price tag of roughly $650 billion.
Over the next 75 years, Social Security will owe an estimated $11.3 trillion more in benefits than it will receive in payroll taxes. It has been running deficits since 2010, according to the Social Security Administration.
Morning Bell: 3 Simple Solutions for Fixing Social Security
How many times do morons have to be told that SS is NOT an entitlement......it has been EARNED over several decades of work and paying taxes into the system. Medicare is also EARNED over several decades of work and paying taxes into the system. These two systems wouldn't be "broken" if 1) the damn govt would stop ROBBING SS and Medicare to pay for a bunch of shit programs and 2) if people were forced to pay their full share of taxes on ALL of their income....get rid of the income cap on the Medicare tax. If those two things were done, there would be no problems at all in funding these two programs. It's basic common sense. Stop all the nonsense chatter about raising the retirement age.....it's completely unnecessary and only serves to allow the govt to eventually be able to raise the retirement age to 80 so they don't have to pay anyone at all (or very little).
What do you want to see done to SS and medicare?
Its relatively simple. Slowly begin raising the age of retirement. Instead of 67 (for example) make anyone under the age of 55 unable to collect before 68 (or whatever age is chosen).
Studies of shown that SS would then be solvent for another 50 years. Same thing with Medicare.
There. Problem solved.
Hey, why don't you rethugs force all the rethug social security recipients to give up their SSI.
I mean, you all want cuts. Have your followers put their money where your mouth is.
Isn't that what you all say about Dems tax increases. That no one is stopping Dems from sending more money to the Treasury.
Well no one is forcing Rethugs to cash those SSI checks. Tell the rethugs getting SSI to send them checks back to the Treasury. OK?
That wil fix the problem.
Let's take from the poor and give to the rich, the theme of this thread and a motto long held by the Callous Conservatives, a set devoid of empathy and kindness -- dirtbags all.
"Unfunded liabilities" are a scare tactic.
SS does not contribute to the deficit.
Medicare is cost effective.
The OP is a failure.
This ^^^^^^^ is why nobody takes you seriously.
Simply divide $11.3 trillion by those fucking 75 years. Already you will end up with 150 billions, or "massive" 5% of annual government spending.
And it will be much less than 5% if you do the math properly -- more like a 0.25% increase annually.
"Unfunded liabilities" are a scare tactic.
SS does not contribute to the deficit.
Medicare is cost effective.
The OP is a failure.
This ^^^^^^^ is why nobody takes you seriously.
Doesn't it matter that what he says is true?
The fact that there is no money in Social security. Your leaders spent it decades ago. IOUs are not a surplus. They never were. And they never will be.
The minute LBJ, a Dem, put SS in the General Fund it was doomed. Those Clowns have been stealing it ever since.
Of course the Clowns don't put anything into SS. They have their own fund which they don't rob blind.
If anyone thinks they give a shit about your SS your living in la la land.
Personally I'd like every dime I have in both SS and Medicare. I can take better care of my money than some asshole in DC.
Those programs never, ever should have been implemented. Another case of no one looking at the big picture and unintended consequences.
Two more gifts courtesey of the asshole Democrats. Funny how all those entitlements are forced on us by the Dems.
They are not entitlements......they are EARNED benefits. For the most part, people worked decades to pay into the system......they are not "parasites" who suck off the system without paying a dime into it. Also, if employers are NOT going to provide adequate retirement pensions and healthcare benefits for those in retirement, then the govt needs to provide some sort of retirement salary/benefits. To just expect that everyone is able to pay for their own retirement is beyond all sense of reality.
The numbers don't lie....
While lawmakers from both parties squabble over tax rates, a fiscal crisis is looming on the horizon. Entitlement programs -- Social Security and Medicare to be precise -- have unfunded obligations of $48 trillion. By comparison, the fiscal cliff carries a price tag of roughly $650 billion.
Over the next 75 years, Social Security will owe an estimated $11.3 trillion more in benefits than it will receive in payroll taxes. It has been running deficits since 2010, according to the Social Security Administration.
Morning Bell: 3 Simple Solutions for Fixing Social Security
How many times do morons have to be told that SS is NOT an entitlement......it has been EARNED over several decades of work and paying taxes into the system. Medicare is also EARNED over several decades of work and paying taxes into the system. These two systems wouldn't be "broken" if 1) the damn govt would stop ROBBING SS and Medicare to pay for a bunch of shit programs and 2) if people were forced to pay their full share of taxes on ALL of their income....get rid of the income cap on the Medicare tax. If those two things were done, there would be no problems at all in funding these two programs. It's basic common sense. Stop all the nonsense chatter about raising the retirement age.....it's completely unnecessary and only serves to allow the govt to eventually be able to raise the retirement age to 80 so they don't have to pay anyone at all (or very little).
Uh, how many times do MORON's like YOU have to be told that millions collect Social Security who have never put into it, and millions more collect way more than they ever put into it?
I'm still waiting for ONE liberal to actually speak about anything they are actually informed about.
The minute LBJ, a Dem, put SS in the General Fund it was doomed. Those Clowns have been stealing it ever since.
Of course the Clowns don't put anything into SS. They have their own fund which they don't rob blind.
If anyone thinks they give a shit about your SS your living in la la land.
Personally I'd like every dime I have in both SS and Medicare. I can take better care of my money than some asshole in DC.
Those programs never, ever should have been implemented. Another case of no one looking at the big picture and unintended consequences.
Two more gifts courtesey of the asshole Democrats. Funny how all those entitlements are forced on us by the Dems.
They are not entitlements......they are EARNED benefits. For the most part, people worked decades to pay into the system......they are not "parasites" who suck off the system without paying a dime into it. Also, if employers are NOT going to provide adequate retirement pensions and healthcare benefits for those in retirement, then the govt needs to provide some sort of retirement salary/benefits. To just expect that everyone is able to pay for their own retirement is beyond all sense of reality.
Proof that to the Progressive, personal responsibility is passe...
All we have to do is gut the military budget and most of the problem in entitlements disappears.