Cut the Budget!

[LiberalNut]

do junking and phasing out of those money pits pretty much ends up solving the budgetary problems.

No, in fact,since they run surpluses almost every year on their own revenue streams, ending those programs increases the deficit.

No, I don't think you're an accountant. I think your a libertarian dogma spewer. I think you have no clue about much of anything.

 

[loosecannon]

You aren't providing anything other than to acknowledge that SS is bankrupt

Are you on crack? For how long do you think SS has been redeeming bonds? Hmmm? Don't you realize that ALL SS taxes get converted to special treasuries and have been like forever? Current revenues don't pay for SS outlays. Current revenues buy bonds. Current outlays are paid by cashing old bonds. Bonds plus interest pay outlays. It's been that way almost from the beginning!

The system is not bankrupt. It has trillions of dollars of bonds sitting in it. If you think federal bonds are worthless, give me yours!

You are an abject idiot. But don't let me stop you from proving that on a public forum.

Carry on Sasquatch.

There is no SS trust fund, deal with it or prove yourself tardo queen of the board.

 

[Oddball]

do junking and phasing out of those money pits pretty much ends up solving the budgetary problems.

No, in fact,since they run surpluses almost every year on their own revenue streams, ending those programs increases the deficit.

No, I don't think you're an accountant. I think your a libertarian dogma spewer. I think you have no clue about much of anything.

You're a fool.

Demographics are wiping out that surplus...Besides, those funds have been siphoned off into the general fund, so there are no surpluses in actual reality to fund the programs that they were meant for.

Come back when you have a real argument and can use the forum's quote function.

 

[loosecannon]

What do I look like...An accountant?

Fact is that Socialist Insecurity and Medicare/Medicaid comprise no less that 1/2 of the total federal non-discretionary outlays, do junking and phasing out of those money pits pretty much ends up solving the budgetary problems.

Try another approach, sock-o.

Unfortunately SS is self funding, Medicare not so, so you can't touch SS. Sorry.

But you can ream medicare and anything else.

And just to be real, both SS and medicare are non discretionary spending.

Discretionary spending is that part of the U.S. Federal Budget that is negotiated between the President and Congress each year as part of the budget process. It includes everything that is not in the mandatory budget, which are programs required by law to provide certain benefits, such as Social Security and Medicare. (See Federal Budget - Mandatory Spending)

Discretionary Federal Budget - What is the 2011 Discretionary Federal Budget

 

[Oddball]

What do I look like...An accountant?

Fact is that Socialist Insecurity and Medicare/Medicaid comprise no less that 1/2 of the total federal non-discretionary outlays, do junking and phasing out of those money pits pretty much ends up solving the budgetary problems.

Try another approach, sock-o.

Unfortunately SS is self funding, Medicare not so, so you can't touch SS. Sorry.

But you can ream medicare and anything else.

And just to be real, both SS and medicare are non discretionary spending.

Discretionary spending is that part of the U.S. Federal Budget that is negotiated between the President and Congress each year as part of the budget process. It includes everything that is not in the mandatory budget, which are programs required by law to provide certain benefits, such as Social Security and Medicare. (See Federal Budget - Mandatory Spending)

Discretionary Federal Budget - What is the 2011 Discretionary Federal Budget

Everything can be "touched"...It only takes the will to do so.

Those programs can either be radically changed or the USD can become worthless.

There is no in-between.

 

[CrusaderFrank]

ZOMG!!!! IF we eliminate the Federal Department of Rural Electrification, all the electricity in Rural America will disappear!!!!

If we eliminate the Tennessee Valley authority, all of Tennessee and not just the Valley might disappear!!

 

[loosecannon]

What do I look like...An accountant?

Fact is that Socialist Insecurity and Medicare/Medicaid comprise no less that 1/2 of the total federal non-discretionary outlays, do junking and phasing out of those money pits pretty much ends up solving the budgetary problems.

Try another approach, sock-o.

Unfortunately SS is self funding, Medicare not so, so you can't touch SS. Sorry.

But you can ream medicare and anything else.

And just to be real, both SS and medicare are non discretionary spending.

Discretionary spending is that part of the U.S. Federal Budget that is negotiated between the President and Congress each year as part of the budget process. It includes everything that is not in the mandatory budget, which are programs required by law to provide certain benefits, such as Social Security and Medicare. (See Federal Budget - Mandatory Spending)

Discretionary Federal Budget - What is the 2011 Discretionary Federal Budget

Everything can be "touched"...It only takes the will to do so.

Those programs can either be radically changed or the USD can become worthless.

There is no in-between.

Fine, then end the SS tax.

 

[LiberalNut]

Demographics are wiping out that surplus

That won't happen for awhile. I posted the trutees report. maybe you should read it. Education is a wonderful thing.

those funds have been siphoned off into the general fund

Another one with no clue how the trust fund actually works. Dude, current revenue don't pay outlays. Bonds (special treasuries) plus interest do that and have been for many years. The trust fund is comprised of these special treasuries.

so there are no surpluses in actual reality

Hey, if that's true, federal bonds must not be worth anything. If that's true, you should give me yours! Yeah, I'll even give you a dollar for every federal bond you give me. Not bad for a useless piece of paper, a mere IOU, right?

 

[Oddball]

Unfortunately SS is self funding, Medicare not so, so you can't touch SS. Sorry.

But you can ream medicare and anything else.

And just to be real, both SS and medicare are non discretionary spending.



Discretionary Federal Budget - What is the 2011 Discretionary Federal Budget

Everything can be "touched"...It only takes the will to do so.

Those programs can either be radically changed or the USD can become worthless.

There is no in-between.

Fine, then end the SS tax.

End FICA?....I'm there.


You go man the ramparts to fend off the armies of geezers with pitchforks and torches.

 

[Oddball]

Demographics are wiping out that surplus

That won't happen for awhile. I posted the trutees report. maybe you should read it. Education is a wonderful thing.

those funds have been siphoned off into the general fund

Another one with no clue how the trust fund actually works. Dude, current revenue don't pay outlays. Bonds (special treasuries) plus interest do that and have been for many years. The trust fund is comprised of these special treasuries.

so there are no surpluses in actual reality

Hey, if that's true, federal bonds must not be worth anything. If that's true, you should give me yours! Yeah, I'll even give you a dollar for every federal bond you give me. Not bad for a useless piece of paper, a mere IOU, right?

Learn how to use the quote function or take a hike.

 

[2Parties]

chocolate cake kicks ass. Wish I had a slice and a glass of milk.

 

[loosecannon]

Demographics are wiping out that surplus

That won't happen for awhile. I posted the trutees report. maybe you should read it. Education is a wonderful thing.

those funds have been siphoned off into the general fund

Another one with no clue how the trust fund actually works. Dude, current revenue don't pay outlays. Bonds (special treasuries) plus interest do that and have been for many years. The trust fund is comprised of these special treasuries.

so there are no surpluses in actual reality

Hey, if that's true, federal bonds must not be worth anything. If that's true, you should give me yours! Yeah, I'll even give you a dollar for every federal bond you give me. Not bad for a useless piece of paper, a mere IOU, right?

you are a partisan troll without a clue.

 

[loosecannon]

Everything can be "touched"...It only takes the will to do so.

Those programs can either be radically changed or the USD can become worthless.

There is no in-between.

Fine, then end the SS tax.

End FICA?....I'm there.


You go man the ramparts to fend off the armies of geezers with pitchforks and torches.

o k then...but I want my money back. If I had invested every dime I paid into FICA in other investments I would have a cool million to show for it. Now I get diminishing returns....

 

[Oddball]

Fine, then end the SS tax.

End FICA?....I'm there.


You go man the ramparts to fend off the armies of geezers with pitchforks and torches.

o k then...but I want my money back. If I had invested every dime I paid into FICA in other investments I would have a cool million to show for it. Now I get diminishing returns....

Sorry....

Ya fucked up...Ya trusted them.

Deal with it....Learn the lesson that federal gubmint can't be trusted.

 

[LiberalNut]

Well, the righties have now retreated into pure spitball mode. It was of course inevitable. They have proven that they can spew standard catch phrases like "ponzi Scheme" and "there is no trust fund" and have subsequently proven that they are little more than bots, regurgitating programmed lines. When faced with the truth of how the SS system actually works, they prove themselves to be impervious to facts. If I hadn't seen it so many times before, I'd be shocked. As it is, all I can do is shake my head and pity them.

And, of course, watch the SS checks get delivered on time in the most wildly popular public program in the United States.

::sigh::

 

[Oddball]

Spitball schmitball.

You've been given lists of specific departments and programs to either privatize or shitcan outright.

And you have no clue how to use basic forum functions.

Put up or shut up.

 

[Sallow]

This was in another thread. So many common sense ideas and very pragmatic choices..

I doubt it gets much attention.

Balance the Budget Findings - How to Balance the Federal Budget - Esquire

 

[Norman]

Hey,

I just looked at US government spending chart here:

Federal State Local Public Spending United States 2010 - Charts Tables History

First thing you notice is that the spending in terms of GDP is 44%, that is pretty big number. And since the debt and liabilities keep growing it is going to be bigger and bigger. Government spending is raising and raising even according to their own estimates.

Anyway, I added up the local and states PLUS government spending and it came out bigger than the 6.4 trillion marked in total. I can't figure out why this is so? Perhaps some of the spent money goes from federal govt to local government and in order to not get double counted it is counted only as state spending. But where can I find what those half a trillion are?

 

[Oddball]

I am not programmed to respond in that area.