1. Same story, different day...........year ie more of the same fiat floods the world
    Dismiss Notice
  2. There are no markets
    Dismiss Notice
  3. Week of 6/24/2017 Closing prices & Chg Over Last Wk---- Gold $1256.40 Silver $16.64 Oil $43.01 USD $96.94
  4. "Spreading the ideas of freedom loving people on matters regarding high finance, politics, constructionist Constitution, and mental masturbation of all types"
    Dismiss Notice

Paul Ryan wants to cut Medicare, Social security.

Discussion in 'Politics Forum (Local/National/World)' started by gliddenralston, Jan 11, 2018.



  1. Alton

    Alton Gold Member Gold Chaser

    Joined:
    Apr 1, 2010
    Messages:
    2,622
    Likes Received:
    4,219
    Trophy Points:
    113
    Location:
    Michiana
    When did SocSec get trust funds? Last I knew during the Reagan administration SocSec "contributions: were officially made part of the general fund...NO "trust funds". This way congress could pilfer at will.
     
  2. Alton

    Alton Gold Member Gold Chaser

    Joined:
    Apr 1, 2010
    Messages:
    2,622
    Likes Received:
    4,219
    Trophy Points:
    113
    Location:
    Michiana
    Thank you! It's been one hell of a life-long robbery and now the bastards want to prevent me from collecting what is rightfully mine. With children as with too many "adults" to help prevent them from doing dangerous and stupid stuff you distract them with other toys and activities that they are interested in to prevent their stampede toward pain and disaster.
     
    Son of Gloin and southfork like this.
  3. Uglytruth

    Uglytruth Gold Member Gold Chaser

    Joined:
    Apr 6, 2011
    Messages:
    4,213
    Likes Received:
    5,272
    Trophy Points:
    113
    I can see the "guaranteed minimum income" playing into this............. lets not leave out pensions either........... or IRA's........... or Roth' or.... 402B, .......or..... or.......
    What do they do when China DEMANDS payment?
     
  4. Alton

    Alton Gold Member Gold Chaser

    Joined:
    Apr 1, 2010
    Messages:
    2,622
    Likes Received:
    4,219
    Trophy Points:
    113
    Location:
    Michiana
    The "minds" of politicians , if such things actually exist or could be called minds, have failed to develop any kind of functional or effective sense of cause and effect. In their "thinking" if any one of them stood at the top of the capitol building and dropped a steel ballbearing instead of falling straight down as gravity would dictate and enforce, it is highly likely that the ballbearing would magically and inexplicably follow the path of a butterfly to reach where it was going which is certainly not straight or down to the earth. No, it would waft around on the breeze because of this factor and that factor and pi times the distance to Cygnus 7 but only on Tuesday's after noon and in the month of October. In short, the fools actually believe their own BS. The fact that these people are given power and money by means of taxation is utterly amazing, mind boggling even.

    The following article explains why this thread exists and our many responses to it:
    http://thehill.com/opinion/finance/...gop-tax-giveaway-will-lead-to-safety-net-cuts

    Moynihan was right: The GOP tax giveaway will lead to safety net cuts
    By Paul Bledsoe, opinion contributor — 01/03/18 08:00 AM EST 130
    The views expressed by contributors are their own and not the view of The Hill
    535
    AddThis Sharing Buttons
    Share to FacebookShare to TwitterShare to Google+


    [​IMG]
    © Getty
    When Congress passed a massive tax giveaway to the richest that will add at least $1 trillion to America’s debt late last year, GOP lawmakers were remarkably candid about the next step: cutting the safety net for hundreds of millions of Americans by going after Social Security, Medicare and Medicaid benefits.

    As Sen. Marco Rubio (R-Fla.) noted recently when asked about the huge debt the tax bill creates, he said Republicans plan on “instituting structural changes to Social Security and Medicare for the future” to pay for their tax cuts. House Speaker Paul Ryan (R-Wis.) agreed: “We’re going to have to get back next year at entitlement reform, which is how you tackle the debt and the deficit,” he said in December.

    This unusual candor may owe something to history.

    In many quarters of Washington, the connection between the GOP’s history of reckless tax cuts to the rich and desire to slash the social safety net has been an open secret for almost three decades, thanks largely to former New York Sen. Daniel Patrick Moynihan (D).


    In the 1980s, as U.S. debt ballooned because of President Reagan’s tax cuts and defense spending increases. Moynihan maintained that piling up debt to unsustainable levels was part of a deliberate strategy by Republicans, providing them an excuse to then cut the social safety net.

    By many accounts, Moynihan developed the theory after private conversations with David Stockman, Reagan’s powerful first budget director and a former Moynihan student at Harvard, during which Stockman told Moynihan that accumulating large deficits "gives you an argument for cutting back programs that really weren't desired."

    The Reagan-era debt and subsequent responses to it have powerfully shaped the politics and economic policy of America ever since. Reagan’s successor, President G.H.W. Bush, was so concerned about the debt that he broke his own “read my lips” no-new-tax pledge, making a 1990 debt-cutting deal with congressional Democrats, actions that many believe helped cost Bush reelection in 1992.

    The lesson for Republicans was clear: run up debt recklessly with tax cuts for the wealthy, but never attempt to pay for them. And Republicans haven’t since, becoming a party that votes only to tax cuts, never to increase them.

    Ross Perot’s candidacy in 1992, premised entirely on debt reduction, split Republican voters and helped elect Bill Clinton. President Clinton further cut the Reagan red ink through major debt reduction legislation in the 1993, with Moynihan himself playing a key role as chairman of the tax-writing Finance Committee. Not a single Republican voted for that deficit-cutting bill at any stage of its consideration, even though it was supported by Federal Reserve Chair Alan Greenspan. Yet that Democratic 1993 bill eliminated the Reagan debt, created the best economy in decades in terms of employment and wealth creation for Americans of all income levels, and led to first U.S. budget surpluses in more than 50 years.

    This pattern of GOP tax giveaways to the rich accruing massive debt, and then Democrats cutting the deficits, has continued ever since. President George W. Bush’s two deep tax cuts in 2001 and 2003 — mostly to the richest Americans — wiped out the Clinton surplus and brought large new debt.

    Not surprisingly, deficit reduction became a major theme in the Obama presidency, forcing expiration of the Bush tax cuts in 2013. More systemic attempts at long-term debt reduction dominated economic policy debates under Barack Obama. Two leading efforts, one by former Sen. Alan Simpson and ex-Clinton chief of staff Erskine Bowles, and another (with whom I worked) by former Sen. Pete Domenici and ex-OMB Director Alice Rivlin proposed widely-hailed plans to cut long-term debt responsibly. Obama indicated willingness to back such proposals, but Republicans in Congress refused to support them.

    Yet for all this history, no tax bill has been as reckless in terms of exacerbating U.S. economic inequality and growing the debt and as the one Republicans passed late last year. The bill vastly benefits America’s richest 1 percent, who already control 40 percent of all wealth, and actually raises taxes on many middle- and lower-income Americans. No wonder it is widely unpopular with the public. A recent Quinnipiac poll finds that only 29 percent of Americans support it.

    Now, as Democrats prepare for the 2018 election, they should not fall into trap of focusing solely on debt reduction. Instead, Democrats must warn American voters that the trillions Republicans will give away to the super rich will be made up by cutting Social Security and Medicare for the elderly, and Medicaid and other funding for the working class and middle class.

    In 2018, Democrats should run on a specific plan to repeal the Republicans tax- and social benefit-cutting nightmare, replacing it with fiscally responsible tax reductions for the middle class and small businesses. That’s how Democrats can take back the House, and end 30 years of Republican tax tyranny that Pat Moynihan so accurately predicted.

    Paul Bledsoe is a strategic adviser at the Progressive Policy Institute. He served on the staff of the Senate Finance Committee under the Chairmanship of Sen. Daniel Patrick Moynihan. Follow him on Twitter @paulbledsoe
    --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

    There are some videos at the link that are part of this article that serve more to waste your time than to benefit the understanding of a politician's pretzel logic.

    Gov numbers show that revenues TO the government actually INCREASED after the tax cuts went into effect. I guess this sort of thing happens when more people go back to work. Of course all the politicians saw was the dreaded TAX CUT. Increased revenues were simply NOT POSSIBLE under lower taxes. This violates their most precious article of faith. It simply CAN NOT BE TRUE. That delusion survives to this day. So, speaker Ryan says we HAVE TO CUT social security and Medicare.
     
  5. TAEZZAR

    TAEZZAR LADY JUSTICE ISNT BLIND, SHES JUST AFRAID TO WATCH Midas Member Site Supporter

    Joined:
    Apr 2, 2010
    Messages:
    10,889
    Likes Received:
    16,902
    Trophy Points:
    113
    Location:
    ORYGUN
    I am the same age as you & I have very similar reactions from most of the youngsters. There are a few that can & do think for themselves, but not enough to make a difference.
     
    mayhem likes this.
  6. EO 11110

    EO 11110 He Hate Me Mother Lode

    Joined:
    Jul 31, 2010
    Messages:
    12,225
    Likes Received:
    8,247
    Trophy Points:
    113
    i posted what happened earlier. again:

    reagan/greenspan fixed it...forever. until billy bob clinton raided it....and then paraded around claiming zero deficit. from then on, no fund, just non-marketable securities in the fund

    why non-marketable? so the fund couldn't sell the iou and recoup the stolen money

    here's a picture to help you remember


    [​IMG]
     
    gringott likes this.
  7. gringott

    gringott Killed then Resurrected Midas Member Site Supporter

    Joined:
    Apr 2, 2010
    Messages:
    13,687
    Likes Received:
    16,418
    Trophy Points:
    113
    Gender:
    Male
    Occupation:
    N/A
    Location:
    You can't get there from here.
    Screaming bloody murder around here, able bodied adults may have to work to get medicare benefits.

    Lord almighty, those RACIST BASTARDS.

    Lol.
     
    mayhem, Irons and Son of Gloin like this.
  8. Joe King

    Joe King Gold Member Gold Chaser

    Joined:
    Mar 31, 2010
    Messages:
    5,164
    Likes Received:
    4,859
    Trophy Points:
    113
    Location:
    Instant Gratification Land
    The SS "trust fund" monies have always been immediately spent by gov, no matter who the POTUS may have been.

    How it works is that any monies collected for SS are immediately used to pay current benefits. Any monies left over are used to buy non-negotiable gov Bonds. The gov then adds that money to the general fund and spends it. Your SS money was spent the same year it was collected.

    At that point the gov has exchanged your SS "contribution" for an IOU they call a Bond. In order to make that Bond good, more tax money must be collected. Ie: the only thing the gov has ever "invested" SS money in, is its own power of taxation. SS is nothing more than a multigenerational ponzi scheme backed up by gov guns.
     
    gringott and Son of Gloin like this.

Share This Page