PostmodernProphet
fully immersed in faith..
nope.....just not wasting money....if you don't fucking need it you don't fucking need it......
GOP Going After Medicare/Social Security
- Thread starter Lesh
- Start date
nope.....just not wasting money....if you don't fucking need it you don't fucking need it......
Well, hold on a second...because you're conflating the economy with the deficits.
The deficit didn't come down significantly until after the Bush Tax Cuts on the wealthy expired at the end of 2012. We can see how much the deficit was reduced:
2012 FY Deficit (in billions): $1,087.0
2013 FY Deficit (in billions): $679.5
So...
The Bush Tax Cuts for the wealthy expire at the end of 2012 and magically, the deficit drops by 38% in just one fiscal year.
Who'd've thunk it?
Why should we be expanding benefits to a group that has "selfishly ruined our nation's finances with their tax cut schemes, they selfishly destroyed the planet with their waste, they selfishly bought a materialistic dream for themselves"?
Look, I don't deny that there are probably some good Boomers who have a social conscience. And while many of your friends might be good people, the majority of Boomers are not. Remember, these are the same people who elected Nixon and Reagan twice each.
PostmodernProphet
fully immersed in faith..
close......I am making it an insurance program......and why pay SS taxes?.....one, they would be required to by law, and two, so if your other investments collapsed you would still have a safety net........
Because they worked for those benefits, and I'm not a sociopath.
PostmodernProphet
fully immersed in faith..
no fuckwit, I am not wrong......you idiots lie about SS and Medicare every two years, like clockwork.......
PostmodernProphet
fully immersed in faith..
because millennial's aren't collecting yet......
People would no incentive to save because those who save get no SS while those who don't would qualify for benefits.
That's horse shit.
You know absolutely nothing about the subject obviously
It's time people realize that the whole GOP nonsense about cutting taxes and spending is bullshit.
They just cut 1.5 trillion in taxes...and almost all of it went to corporations and the rich...and now they want to "pay for it" by slashing Social Security and Medicare/Medicaid.
They did however have no trouble borrowing the 1.5 trillion for the spending bill they passed.
Anyone starting to see a pattern here?
Government revenue had been increasing steadily both before and after 2012 (after the recession ended in 2009):
FY 2017 - $3.32 trillion.
FY 2016 - $3.27 trillion.
FY 2015 - $3.25 trillion.
FY 2014 - $3.02 trillion.
FY 2013 - $2.77 trillion.
FY 2012 - $2.45 trillion.
FY 2011 - $2.30 trillion.
FY 2010 - $2.16 trillion.
"Most of all, there was more revenue. Government receipts totaled $2.774 trillion, up $325 billion from 2012, and rising to 16.7 percent of GDP from 15.2 percent. That reflects in part a stronger economy that increased income and payroll taxes. It also includes the expiration of a payroll tax holiday that increased tax receipts, and higher rates for upper-income Americans agreed to for this calendar year.
There was less spending, amid the drawdown of U.S. involvement in Afghanistan, lower unemployment insurance benefits due to an improving economy, and the enactment government enacted budget cuts called for in the 2011 debt ceiling deal, including the sequestration automatic spending cuts that began in March. Overall outlays were $3.454 trillion, the treasury said, falling $84 billion compared with the 2012 fiscal year. That fall moves government outlays from 22 percent of GDP to 20.8 percent."
https://www.washingtonpost.com/news...ll-37-percent-in-2013/?utm_term=.a19af2d67be1
You are confusing federal income taxes with Social Security taxes. Nobody is "slashing Social Security." Cutting Social Security does not "pay for" the tax cuts because they were cuts in income taxes, not SS. Cutting income taxes does not affect SS benefits.
You obviously make some erroneous conclusions when you don't differentiate between income tax and SS tax revenues and expenditures
You seem really confused. No one claimed any of that.
From the OP
During a Sunday interview with CNBC’s John Harwood, Rep. Steve Stivers (R-OH) urged entitlement reform as the deficit continues to balloon as a result of the GOP tax cuts.
“I do think we need to deal with some of our spending,” Stivers said. “We’ve got try to figure out how to spend less.”
Stivers, who also serves as chairman of the National Republican Congressional Committee (NRCC), is a self-proclaimed “budget hawk” and frequently criticized national debt levels under the Obama administration. Despite his previous trepidation at increasing the deficit, he voted in favor of a costly tax bill that even the White House admitted would not pay for itself over time.
YOU DID: "They just cut 1.5 trillion in taxes...and almost all of it went to corporations and the rich...and now they want to "pay for it" by slashing Social Security and Medicare/Medicaid."
You can't pay for an income tax cut by cutting Social Security because it comes from separate sources.
You quoted a man who said we need to "spend less" and changed that to "slashing" SS.
PostmodernProphet
fully immersed in faith..
/shrugs.....perhaps, if they want nothing more than SS benefits.......their choice......
Propaganda....its all they have.
PostmodernProphet
fully immersed in faith..
yes.....lib'ruls talk and bullshit comes out......hell of a pattern......
Too many seniors saved little or nothing. A recent article said bankruptcies by seniors have increased dramatically.
Althea
Althea told me...
Increase FICA liability to $200k/year. Problem solved.
If the communist socialists can't make it on 905 Billion for SS, and 245 Billion each year of Medicare...….well they ever stop crying "MORE SOUP PLEASE? The entire SS system is nothing but a huge PONZI con job failing beneath its own weight. Its time to privatize each workers retirement.....with WORKER being the key element. To hell with this demonstrably failing KYENSISAN left wing bull shit.