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curious2
2013 Jan 9, 8:54am
your data is bad
Even your link showed a deficit of $1.1T, which is around 70% of $1.6T. I said "nearly," which might be somewhat more than your link (which is based on White House data) but is consistent with other estimates.
curious2
2013 Jan 9, 8:57am
SS has very little cost to rein in.
True, Social Security operates quite efficiently. If we have a choice between subsidizing Social Security vs subsidizing Medicare, I'd rather subsidize Social Security and let the recipients decide for themselves how to spend the money. FDR said Social Security should protect people from having to worry about going hungry in their old age, an affordable goal that I support; Medicare is a totally different story.
Bellingham Bill
2013 Jan 9, 9:21am
I agree about Medicare.
http://research.stlouisfed.org/fred2/series/W824RC1
As long as the SSTF has money in it SS doesn't need any subsidization, FICA payers just need their damn bonds they were made to collectively buy 1989-2009 paid on.
When the Republican Party starts another currency that is tax-free, the Democratic Party will self-destruct.
The Red State Socialism chart demonstrates how each State ranks at managing their Federal spending and showing a profit. Where is the glamour in being on the bottom of this chart?
We will never get more than 18-20% of GDP in taxes
dogmatic belief not fact in evidence. Other countries -- countries with AAA credit ratings still -- get double that.
Double that? Really? Which countries?
How much would taxes have to go up on EVERYONE in America to get where you think we need to go?
Vicente
2013 Jan 11, 12:26pm
Double that? Really? Which countries?
Example, Sweden. Hardly a "commie gulag hellhole".
How far will they have to go DOWN before we achieve Perfect Freedom?
Afghanistan has very low tax vs GDP. Also Angola, Algeria, Congo, Iran.
This notion that endlessly cutting taxes will sooner or later lead to Utopia..... doing the same thing over and over and expecting better results next time is one definition of insanity.
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The Republican Party did not lose last Tuesday's election. It was obliterated, crushed, slaughtered, massacred, squashed, annihilated — and, let’s hope, extinguished.
For the party of Lincoln, it’s been a week of sifting through the carnage: What went wrong? How could a party that just a decade ago controlled all of government have been so completely nullified that an incumbent Democrat who was quite possibly the worst president in a century handily defeated the Republican nominee?
http://www.washingtontimes.com/news/2012/nov/11/curl-time-for-a-new-republican-party/
#politics