BoatBanter.com - View Single Post

[email protected]

On Wed, 23 Mar 2011 14:11:10 -0400, wrote:

On Tue, 22 Mar 2011 23:23:21 -0700, wrote:

On Tue, 22 Mar 2011 22:43:18 -0400, wrote:

On Tue, 22 Mar 2011 13:40:28 -0700, wrote:

On Tue, 22 Mar 2011 15:43:12 -0400, wrote:

You are not that stupid. How can you possibly say a program that
spends moire than it takes in is not in deficit?

Medicare has been upside down for several years and SS went upside
down 2 years ago.

And, it is not contributing one penny to the current deficit problem.
It "may" at some point if it isn't fixed.

WHAT? We are borrowing 40 cents of every dollar of the short fall and
Obama chopping 2% off of the FICA tax rate only makes it worse.

WHAT? Not because of SS/MC. I don't agree with any tax cut for the
wealthy.

The income taxes have nothing to do with the short fall in FICA.

Were do you get the notion that I think FICA and income tax are the
same things?

... because you linked the shortfall in SS/MC with the Obama tax cut
(It stopped being the Bush tax cut when Obama renewed the bill)

I did no such thing.

As I said the wealthy need to be taxed more not less.

OK, it still won't fix this problem.

Which problem is "this"? You keep changing the subject, so it's hard
to tell what you're talking about.

Before that, they were trying to say a recovery would put SS back into
the black for a year, maybe two. Now they can't even make that claim.

Medicare is just spiraling down the black hole of debt with no end in
sight.

Go hide under your blankey.

Denial is not the answer.

Ok, so don't hide and face the facts. One fact is that there is no
short-term crisis for either program. Another is that lowering taxes
on wealthy people will do little or nothing to help job creation.

The plane has already hit the mountain. We are borrowing money to pay
out SS/.MC benefits now and the big outlays are still ahead of us.
When do you think this will be a problem? When the bonds demand 3% or
5% to sell? At around 7% and our current rate of borrowing, the
interest alone will be bigger that the whole budget is now, within a
decade.

According to you, Mr. Expert. In fact, it's just a fear-based rant
that is getting old and worn out. Why don't you go back to the birth
certificate rant, at least that's entertaining on some level.