BREAKING : Deal emerges in 'fiscal cliff' talks; Obama to speak
- Thread starter B00Mer
- Start date
Pensions and Social Security payments if they are cut the persons who set that up are
doomed.. I can see making the age go up a few years but to cut the payments not a
chance in hell.
There are a lot of voters, the majority of voters that spoke to that issue last November
they said NO when they voted for the Presidents overall policies. The problem is most
people don't realize they have to get rid of the Congressmen and women who hold up
the program.
Perhaps the mid term election will take care of that, With a Democratic Congress, Senate
and the Oval Office, they will be able to finish the job the people want them to do.
doomed.. I can see making the age go up a few years but to cut the payments not a
chance in hell.
There are a lot of voters, the majority of voters that spoke to that issue last November
they said NO when they voted for the Presidents overall policies. The problem is most
people don't realize they have to get rid of the Congressmen and women who hold up
the program.
Perhaps the mid term election will take care of that, With a Democratic Congress, Senate
and the Oval Office, they will be able to finish the job the people want them to do.
Social Security in the US in beyond sustainability. Over 225 Trillion in coming down the road costs.
Now compare that to the National Debt of approx 16 Trillion.
Now tell me how they pay for the that. They cannot.
It means a dramatic drop in Govt spending for support programs- tax increases as well- rewriting the Tax Code is alos needed. Why do people need some many freaking accountants- because the tax system is to complex- They need engineers- scientists- better education. Not untold numbers of accountants and oh yes lawyers.
But never think the US cannot do something. Amazing country when they put their will to addressing things.
It can be done- if not - then the last depression the world went thu in the 30's will be a piker compared to the next one.
Well, that's just it Goober, you hear many philosophies, but none of them means sh*t when the well is dry. I know we all value our pensions and seem to think they are a right, but right or not, they are not infallible, so perhaps it's a good time right now to start putting part of the pension aside for a rainy day, that is if you are solely dependent on the pensions.
There is a way to pound the snot out of future liabilities and current debt issues.
Do what it takes to raise the value of the dollar or by creating a north american currency that will dominate the markets.
Raising the value of the dollar means reducing the amount of currency in circulation to give it more buying power hence the drive for north american oil Independence while beating down the green monster and the collapse of the carbon market they were going to rely on as a cash generator.
Didn't you make a new year's resolution to be kinder to our politicians and bureaucrats?-
Locutus. it's an incomplete comparison because it doesn't show tax generate income as a whole but OTOH it is a great gauge of how deep the **** pile really is.
JLM I agree with you that a big part of the program problems came from covering
things that were not intended and they threw caution to the wind. The original
program should be maintained and the add on's should either be done separately
or discontinued what ever the people decide.
As for the others it should be pointed out that the governments of the day took the
money out of these accounts and paid for other things like wars on a credit card.
Do that and the programs suffer even if they were paid for. I think western nations
should introduce bills that ensure tax money collected for programs must be spent
on said programs. That would ensure governments of all stripes would have to
have some ethics and basic honesty all be it enforced by legislation.
Personally the deal they struck sucks, it protects the rich or the high end of the
middle class and up. I would agree that three hundred thousand would have been
a good place to start.
things that were not intended and they threw caution to the wind. The original
program should be maintained and the add on's should either be done separately
or discontinued what ever the people decide.
As for the others it should be pointed out that the governments of the day took the
money out of these accounts and paid for other things like wars on a credit card.
Do that and the programs suffer even if they were paid for. I think western nations
should introduce bills that ensure tax money collected for programs must be spent
on said programs. That would ensure governments of all stripes would have to
have some ethics and basic honesty all be it enforced by legislation.
Personally the deal they struck sucks, it protects the rich or the high end of the
middle class and up. I would agree that three hundred thousand would have been
a good place to start.