So much for the efficacy of the apolitical, unelected debt commission...

Discussion in 'Politics' started by Revere, Dec 3, 2010.

  1. Revere
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    Revere BANNED

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    I guess the guys elected to do it will have to do their jobs, after all.

    Deficit Commission Report Fails to Advance to Congress - FoxNews.com

    But that did not stop them from patting themselves on the back...

     
  2. Soggy in NOLA
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    Soggy in NOLA Platinum Member

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    It was just a collection of the fossils that gave us this mess in the first place. Good bye and good riddance.
     
  3. B. Kidd
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    B. Kidd Gold Member

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    The Debt Commission was not annointed from the beginning to be anything more than just a .......commission.
     
  4. Claudette
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    Claudette Gold Member

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    Did anyone really believe that the Clowns in congress were going to follow the Commissionis advice??

    I sure didn't.
     
  5. B. Kidd
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    B. Kidd Gold Member

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    The commission was set up by the Obama administration to demonstrate faux concern for run-up large short term deficits vs. long term fiscal balance.
     
  6. Meister
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    Meister VIP Member Supporting Member

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    Tell me that we aren't truley in trouble when they can't figure it out. The road is getting real bumpy, and there isn't a person on Capital Hill willing to do what needs to be done to turn the corner.
    No one is willing to do what's necessary to cut spending....but they sure know how TO spend.
     
  7. LordBrownTrout
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    LordBrownTrout Gold Member

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    Just another dog and pony show.
     
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  8. Vast LWC
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    Vast LWC <-Mohammed

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    The commission didn't go anywhere near far enough.

    1. We need to raise the minimum retirement age to receive benefits for both Medicare and Social Security to 70 immediately.

    Here's why:

    • Social Security and Medicare make up 33% of total government spending.
    • Social Security was originally designed to be a social safety net for the aged and infirm, not as a retirement plan.
    • When it was designed, the average life expectancy was about 60, it is now 78.
    • The payroll tax for Social Security at it's inception was 3%, it is now 6%.
    • People today are living healthier lives well into their old age, mainly due to expensive advances in medial technology

    2. We need to cut defense spending by 30%, at the very least. I'm not talking about pay for soldiers, I'm talking all the billions of dollars of defense pork that congress keeps alive just to provide jobs for select districts. Defense related spending makes up 24.4% of total spending.


    Since Defense, Social Security and Medicare make up more than half of total spending, you cannot have a plan for doing away with the deficit without making serious changes to these programs.
     
  9. Meister
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    Meister VIP Member Supporting Member

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    But, but we have a broken down healthcare system, how can this be? :lol:
     
  10. Vast LWC
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    Vast LWC <-Mohammed

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    Not for seniors apparently, and it's only broken relative to the rest of the industrialized world.
     

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