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Old 10-16-2018, 09:51 PM   #1
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After instituting a $1.5 trillion tax cut and signing off on a $675 billion budget for the Department of Defense, Senate Majority Leader Mitch McConnell said Tuesday that the only way to lower the record-high federal deficit would be to cut entitlement programs like Medicare, Medicaid and Social Security.

"Itís disappointing, but itís not a Republican problem," McConnell said of the deficit, which grew 17 percent to $779 billion in fiscal year 2018. McConnell explained to Bloomberg that "itís a bipartisan problem: Unwillingness to address the real drivers of the debt by doing anything to adjust those programs to the demographics of America in the future." The deficit has increased 77 percent since McConnell became majority leader in 2015.

https://www.newsweek.com/deficit-bud...lement-1172941

In other words, it's time for the poor and elderly to pay for those tax cuts for billionaires. Get to work, grandma!
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Old 10-16-2018, 10:50 PM   #2
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After instituting a $1.5 trillion tax cut and signing off on a $675 billion budget for the Department of Defense, Senate Majority Leader Mitch McConnell said Tuesday that the only way to lower the record-high federal deficit would be to cut entitlement programs like Medicare, Medicaid and Social Security.

"Itís disappointing, but itís not a Republican problem," McConnell said of the deficit, which grew 17 percent to $779 billion in fiscal year 2018. McConnell explained to Bloomberg that "itís a bipartisan problem: Unwillingness to address the real drivers of the debt by doing anything to adjust those programs to the demographics of America in the future." The deficit has increased 77 percent since McConnell became majority leader in 2015.

https://www.newsweek.com/deficit-bud...lement-1172941

In other words, it's time for the poor and elderly to pay for those tax cuts for billionaires. Get to work, grandma!
Better yet, let Grandma die. She's old and useless.

If he can kill enough of them through starvation or sickness, or lock up enough of the poor, and/or minority voters in prison with felonies in order to take their vote that way, he figures he can hang onto power with the 30% base for the dictator.

I hope we can find a cell for this POS right next to the turd in the WH when it's all said and done.
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Old 10-17-2018, 04:42 AM   #3
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Basing your policies on Ary Rand seems to be stupid, but that where the Republicans are
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Old 10-17-2018, 05:04 AM   #4
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Basing your policies on Ary Rand seems to be stupid, but that where the Republicans are
The Repukes have been chipping away at the New Deal for the past 80 years.

Now it appears the total destruction of FDR's legacy is within their reach.
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Old 10-17-2018, 06:32 AM   #5
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I’m in full agreement that entitlements need to be reformed and reduced to balance the budget. But all government spending needs this including DOD and DOE. But entitlements are the largest chunk of government spending and it needs to be addressed immediately.

IMO running large deficits in perpetuity is dangerous and immoral. The post WW2 - Nam boomer + generations are the wealthiest in the history of the world. At the same time they elected government and oversaw the largest increase of national debt in the history of the world. Essential they got rich as the country goes bankrupt and put in in the credit card.

I liken it to a family reunion where the whole family meets at a Fleming’s or Ruth Chris. Rather than the oldest and wealthiest paying for the check they all proceed to dine and dash on the family until only the poor college student st the table is left to pay for it. But this college student has to washes dishes for a few weeks to pay for his family’s meal. That is what is happening to our generation. We get ****ed my great grandparents grandparents and parents. We get to work hard get taxed and fund their retirements and the system will break and we will get next to nothing. Most of our generation will never be able to retire and when the day of reckoning happens to support the debt good luck everyone.
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Old 10-17-2018, 07:07 AM   #6
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Iím in full agreement that entitlements need to be reformed and reduced to balance the budget. But all government spending needs this including DOD and DOE. But entitlements are the largest chunk of government spending and it needs to be addressed immediately.

IMO running large deficits in perpetuity is dangerous and immoral. The post WW2 - Nam boomer + generations are the wealthiest in the history of the world. At the same time they elected government and oversaw the largest increase of national debt in the history of the world. Essential they got rich as the country goes bankrupt and put in in the credit card.

I liken it to a family reunion where the whole family meets at a Flemingís or Ruth Chris. Rather than the oldest and wealthiest paying for the check they all proceed to dine and dash on the family until only the poor college student st the table is left to pay for it. But this college student has to washes dishes for a few weeks to pay for his familyís meal. That is what is happening to our generation. We get ****ed my great grandparents grandparents and parents. We get to work hard get taxed and fund their retirements and the system will break and we will get next to nothing. Most of our generation will never be able to retire and when the day of reckoning happens to support the debt good luck everyone.
Social Security and Medicare come from a separate fund paid for via payroll taxes that every worker (and employer) pays into (and today's retired elderly contributed to out of every paycheck they ever earned). It would be self-supporting if politicians would stop using it as their personal piggy bank; "borrowing" from it but never getting around to repayment.

In short, Republicans plan to finance their "windfall for the 1%" tax scheme by robbing the working man.
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Old 10-17-2018, 07:12 AM   #7
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Iím in full agreement that entitlements need to be reformed and reduced to balance the budget. But all government spending needs this including DOD and DOE. But entitlements are the largest chunk of government spending and it needs to be addressed immediately.

IMO running large deficits in perpetuity is dangerous and immoral. The post WW2 - Nam boomer + generations are the wealthiest in the history of the world. At the same time they elected government and oversaw the largest increase of national debt in the history of the world. Essential they got rich as the country goes bankrupt and put in in the credit card.

I liken it to a family reunion where the whole family meets at a Flemingís or Ruth Chris. Rather than the oldest and wealthiest paying for the check they all proceed to dine and dash on the family until only the poor college student st the table is left to pay for it. But this college student has to washes dishes for a few weeks to pay for his familyís meal. That is what is happening to our generation. We get ****ed my great grandparents grandparents and parents. We get to work hard get taxed and fund their retirements and the system will break and we will get next to nothing. Most of our generation will never be able to retire and when the day of reckoning happens to support the debt good luck everyone.


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Old 10-17-2018, 08:03 AM   #8
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Get rid of the fraud, abuse and waste in the system, the Social Security Disability system is overrun with fraud. We all know people that have been drawing disability for years and work for cash or play sports on the weekend. The Social Security attorneys are sucking the system dry.
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Old 10-17-2018, 08:10 AM   #9
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Social Security and Medicare come from a separate fund paid for via payroll taxes that every worker (and employer) pays into (and today's retired elderly contributed to out of every paycheck they ever earned). It would be self-supporting if politicians would stop using it as their personal piggy bank; "borrowing" from it but never getting around to repayment..
In reality there are really only two places (or maybe three, but not really) to put surpluses like these.

1. Lend it to the government with an IOU to pay it back later.
2. Purchase/invest in private sector investments/securities.

Many people pitch a fit about the insecurity of #2. Unfortunately they never really thought through that #1 was even less secure.

There is no mechanism to simply keep trillions of dollars in stasis somewhere. It's all been spent. It's tracked on paper as a "trust fund." But all that means is as social security deficits come calling for their money back, the government's going to have to pay (or borrow in this case) to make up the difference.

The government lending money to itself is really no different than simply spending it. Which is what happened. That money doesn't exist somewhere. It never has. It was a Ponzi-esque fiction. It's been pay-go from the beginning.
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Old 10-17-2018, 08:58 AM   #10
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Lol at special funds... where do you think the remainder comes from when it runs out?

Maybe from the “special” people...
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Old 10-17-2018, 09:11 AM   #11
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... "Itís disappointing, but itís not a Republican problem," McConnell said of the deficit, which grew 17 percent to $779 billion in fiscal year 2018. McConnell explained to Bloomberg that "itís a bipartisan problem: Unwillingness to address the real drivers of the debt by doing anything to adjust those programs to the demographics of America in the future." The deficit has increased 77 percent since McConnell became majority leader in 2015. ...
I'm curious to know pricejj's take on the bolded. Since he dodged the question in another thread yesterday. Let's see if he'll man up here.
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Old 10-17-2018, 09:19 AM   #12
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Lol at special funds... where do you think the remainder comes from when it runs out?

Maybe from the ďspecialĒ people...
The ďspecial peopleĒ will be citizens that donít need social security in retirement.

If the Democrats take control there will probably be a push to cap benifits based on income. It will be similar to the earned income tax credit where low or no income citizens will actually receive more in benifits than were paid in.
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Old 10-17-2018, 09:35 AM   #13
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You know why they call them entitlements?

Because you're entitled to them.
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Old 10-17-2018, 09:39 AM   #14
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After instituting a $1.5 trillion tax cut and signing off on a $675 billion budget for the Department of Defense, Senate Majority Leader Mitch McConnell said Tuesday that the only way to lower the record-high federal deficit would be to cut entitlement programs like Medicare, Medicaid and Social Security.

"Itís disappointing, but itís not a Republican problem," McConnell said of the deficit, which grew 17 percent to $779 billion in fiscal year 2018. McConnell explained to Bloomberg that "itís a bipartisan problem: Unwillingness to address the real drivers of the debt by doing anything to adjust those programs to the demographics of America in the future." The deficit has increased 77 percent since McConnell became majority leader in 2015.

https://www.newsweek.com/deficit-bud...lement-1172941

In other words, it's time for the poor and elderly to pay for those tax cuts for billionaires. Get to work, grandma!
that won't be successful. we are starting to see the effects of 30 years of wealth shift to the hands of the very few... I know too many retirees who rely pretty much on two things, Medicare and SS... people who worked their whole lives who have ended up with nothing.. some their own poor decisions, but mostly there isn't enough time or money for most people to achieve the middle class lifestyle and retirement anymore...
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Old 10-17-2018, 10:33 AM   #15
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Super fun to watch a program spiral out of sustainability while people whine about the kind of structural changes it's going to require to possibly keep it afloat.
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Old 10-17-2018, 10:52 AM   #16
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Super fun to watch a program spiral out of sustainability while people whine about the kind of structural changes it's going to require to possibly keep it afloat.
Again, if we could keep Congress from looting it, it would still be sustainable.

Or, we could cut the number of F-35s in half, or better yet - s#!t-can the whole program (throwing good money after bad & all that)..

Which party is in control of Congress again? I forget.
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Old 10-17-2018, 10:56 AM   #17
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Again, if we could keep Congress from looting it, it would still be sustainable.
The system from day 1 was to take the surplus, hand it over to the government, and watch it be spent, with a promise to pay it back later. You can't "loot" something that was systemically never kept in the first place.

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Or, we could cut the number of F-35s in half, or better yet - s#!t-can the whole program (throwing good money after bad & all that)..

Which party is in control of Congress again? I forget.
There are looming long-term social security and medicare deficits that completely disbanding the military wouldn't pay for.

Those programs need to fundamentally change to be sustained in any way. Nobody credible can argue otherwise.
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Old 10-17-2018, 11:19 AM   #18
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But... but... Mitch said the tax cuts would pay for themselves. I'm confused.
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Old 10-17-2018, 11:20 AM   #19
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Social Security and Medicare come from a separate fund paid for via payroll taxes that every worker (and employer) pays into (and today's retired elderly contributed to out of every paycheck they ever earned). It would be self-supporting if politicians would stop using it as their personal piggy bank; "borrowing" from it but never getting around to repayment.

In short, Republicans plan to finance their "windfall for the 1%" tax scheme by robbing the working man.
Yeah I have to agree with you here. If you want to consider SS and Medicare an entitlement, then stop taking it out of my damn paycheck.
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Old 10-17-2018, 11:21 AM   #20
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But... but... Mitch said the tax cuts would pay for themselves. I'm confused.
Fun how you kids keep jumping between "Social Security Funds are separate!" and "income tax cuts are screwin muh sosha securty!"
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Old 10-17-2018, 11:23 AM   #21
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Fun how you kids keep jumping between "Social Security Funds are separate!" and "income tax cuts are screwin muh sosha securty!"
Well we don't have to worry about income tax cuts screwing SS because those tax cuts are paying for themselves.


Right?


Oh wait....
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Old 10-17-2018, 11:25 AM   #22
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Old 10-17-2018, 11:30 AM   #23
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Get rid of the fraud, abuse and waste in the system, the Social Security Disability system is overrun with fraud. We all know people that have been drawing disability for years and work for cash or play sports on the weekend. The Social Security attorneys are sucking the system dry.
Link?

Or Lie?
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Old 10-17-2018, 11:32 AM   #24
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Link?

Or Lie?
What do you think?
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Old 10-17-2018, 11:37 AM   #25
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