| 1 year ago :: Apr 27, 2012 - 10:43AM #11 | |
Put me down as a conservative that believes we should completely cut out every social program and reload. You can reload Soc Sec #1, Medicare #2, but in a sustainable way. Do this every year for the next 10 years KNOWING you will cut those 3% per year. If one of two things would happen all social programs would immediately be cut out or at least priorietized to some functionability: 1. US loses the Reserve Currency status 2. Pass into law the debt ceiling will no longer raised and be reduced 5% per year over the next 10 years. Otherwise, we continue to print and spend and we will wind up there anyway just much MUCH worse off. LIBS! GET YOUR HEAD OUT OF THE SAND!
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| 1 year ago :: Apr 27, 2012 - 10:57AM #12 | |
Why just social programs? Why not imperialistic foreign wars as well? Why not corporate welfare?
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| 1 year ago :: Apr 27, 2012 - 11:04AM #13 | |
Our need to learn should always outweigh our need to be right
Useless Knowledge: Allodoxaphobia - Fear of opinions |
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| 1 year ago :: Apr 27, 2012 - 11:24AM #14 | |
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If it wasnt for social programs employers would have to pay livable wages and health benifits to keep their employees alive instead of making the tax payers pay for it. The so called truism about cons not needing libs is BS too. Tax Money flows from Liberal States to conservative states. The working poor would rise up and murder their conservative masters in their sleep if the money from the out of state libs didnt feed them. The ignorant working poor are the majority that have been brainwashed into supporting conservatives. The rich cons are too few in number to carry any elections. In conservative states like Texas, poverty is high ,unemployment is low. Most people on welfare have more than one job. godlesspaladin.com/2010/08/10/liberal-st...
No sane person should have a gun in their home! Arm the Homeless!
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| 1 year ago :: Apr 27, 2012 - 11:27AM #15 | |
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Tenac,if Liberals dont think,end of discussion, then you must be a moron for wasting your time arguing with them.
No sane person should have a gun in their home! Arm the Homeless!
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| 1 year ago :: Apr 27, 2012 - 12:33PM #16 | |
www.ssa.gov/OACT/TRSUM/index.html "In 2012, the projected difference between Social Security’s dedicated tax income and expenditures is $165 billion. For HI, the projected difference between dedicated tax and premium income and expenditures is $38 billion. The projected general revenue demands of SMI are $217 billion. Thus, the total general funds for Social Security and Medicare in 2012 are $420 billion, or 2.7 percent of GDP. Redemption of trust fund bonds, interest paid on those bonds, and transfers from the general funds provide no new net income to the Treasury, which must finance these payments through some combination of increased taxation, reductions in other government spending, or additional borrowing from the public." Cesmom .. that's not total expenditure .. that's total DEFICIT .. just for 2012. The total cost of Iraq/Afghanistan since 2001 has been 1.3 Trillion, only 800 Billion of which actually went to the war, the balance going into foriegn bases and VA benefits. S.S. and Medicare Deficits just for 2012 are almost HALF of the entire debt incurred by the wars. It is what it is. I don't like wars, you don't like wars ..none of us like the wars .. but the wars are NOT the reason we are sinking like the Titanic. |
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| 1 year ago :: Apr 27, 2012 - 1:02PM #17 | |
It just eats at me that Social Security is referred to in the same context as welfare and other government 'handout' programs. If it were set up correctly in the first place, there wouldn't be a deficit. The average person pays about $100 grand into Social Security during their lifetime, above and beyond any income taxes we pay. Not even the poorest worker is immune to paying into Social Security...you pay no matter how little you make. The deficit in Social Security is due to mis-management, not too much 'entitlement'.
Our need to learn should always outweigh our need to be right
Useless Knowledge: Allodoxaphobia - Fear of opinions |
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| 1 year ago :: Apr 27, 2012 - 1:21PM #18 | |
The problem is that, on average, we get back more than what we pay in when you look at SS and Medicare, money.usnews.com/money/blogs/planning-to.... Consider a single man who earns the average wage throughout his career ($43,100 in 2010 dollars), works every year from age 22 to 64, and then retires at age 65 in 2010. Over his lifetime he has paid $345,000 into the system. But he is likely to get back $72,000 more than that, or $417,000 in Social Security and Medicare payouts, according to recent Urban Institute calculations. A single women with the same work and tax history will come out even further ahead due to her longer life expectancy, likely netting $464,000 in lifetime benefits, which is $192,000 more than she paid into the system. Medicare benefits are the main reason most workers are coming out ahead. A male earning the average wage throughout his working life who retires in 2010 paid $55,000 into the Medicare trust fund, but is likely to receive $161,000 worth of Medicare benefits, the Urban Institute found. In contrast, he pays $290,000 in Social Security taxes throughout his career and collects $256,000 in retirement payments. Married couples generally benefit the most from Social Security and Medicare payments, especially when one spouse earns significantly more than the other. A two-earner couple with one spouse earning the average wage each year ($43,100 in 2010) and the other spouse earning 45 percent of the average wage annually ($19,400 in 2010) who both retire in 2010 will get back $300,000 more in retirement benefits than they paid into the system. A couple with this earnings history would pay $500,000 in taxes over their lifetime, but get back $800,000 in benefits.
"No matter how dark the moment, love and hope are always possible." George Chakiris
“For those who believe, no proof is necessary. For those who don't believe, no proof is possible.” Stuart Chase |
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| 1 year ago :: Apr 27, 2012 - 1:50PM #19 | |
GC's post shows the problem. It's the one place where the "progressive" nature of our system just doesn't work out. Having the top 10% of earners footing the overwhelming majority of non socail spending programs works out fine, but when you throw in wealth redistribution in the S.S. and Medicare systems, it fails miserably because there is a "threshold" below which you cannot go below. Thus, 80% of the population is collecting more than they pay in, but the top earners are not paying enough to meet that goal. The answer to some is uncapp the system so the rich get soaked to fill the gaps. But really, how long will that go on?? The rich have plenty and don't need to work. They can pack up their money and move to South American and live happily ever after for several life times. Where does that leave you?? It leaves you with this undefunded slush trust fund, and borrowing Trillions. People are going to have to be forced to take a larger responsiblity for their retirement needs. An individual account, with a mandated minimum pre-tax contribution based on what your expected needs will be. If it looks like you need to put more in the kitty ... then you will have to make adjustments in your life NOW, to make sure your tomorrow is covered. |
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| 1 year ago :: Apr 27, 2012 - 2:04PM #20 | |
This results in the person who only makes $20,000 a year having to contribute a higher percentage of their income to fund their retirement, when in reality, they are trying to figure out how they are going to buy groceries this week. That's not realistic, so someone has to make up that deficit. Who ends up having that fall on their shoulders? Those of us stuck in the middle class category. Contrary to those who would like us to believe that all poor people are lazy and lack ambition, the fact is that we've got a large chunk of the population who simply don't have the mental capacity to become successful business executives or pursue other high paying career paths, regardless of how hard they might work. We have a lot of people whose mental capacity qualifies them to work at McDonalds, and that's about the extent of their potential. So, of course, someone has to help pick up the slack. Should it be the rich or the middle class? Since I'm in the middle class, you know which one I choose...I'm sure a rich person would think differently.
Our need to learn should always outweigh our need to be right
Useless Knowledge: Allodoxaphobia - Fear of opinions |
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