The facts prove that we must gut entitlement programs if we are to survive

Discussion in 'Politics' started by P@triot, Dec 20, 2012.

  1. P@triot
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    P@triot Gold Member

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    The numbers don't lie....

    While lawmakers from both parties squabble over tax rates, a fiscal crisis is looming on the horizon. Entitlement programs -- Social Security and Medicare to be precise -- have unfunded obligations of $48 trillion. By comparison, the fiscal cliff carries a price tag of roughly $650 billion.

    Over the next 75 years, Social Security will owe an estimated $11.3 trillion more in benefits than it will receive in payroll taxes. It has been running deficits since 2010, according to the Social Security Administration.

    Morning Bell: 3 Simple Solutions for Fixing Social Security
     
  2. occupied
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    occupied Gold Member

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    Numbers often lie.
     
  3. AmyNation
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    AmyNation Road Warrior Supporting Member

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    What do you want to see done to SS and medicare?
     
  4. Oddball
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    Oddball BANNED Supporting Member

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    Junk 'em.

    Ya can't fix it, fuck it.
     
  5. AmyNation
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    AmyNation Road Warrior Supporting Member

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    Well, i think that is as likely as the world ending tonight.
     
  6. Wry Catcher
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    Wry Catcher Platinum Member

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    Let's take from the poor and give to the rich, the theme of this thread and a motto long held by the Callous Conservatives, a set devoid of empathy and kindness -- dirtbags all.
     
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  7. Oddball
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    Oddball BANNED Supporting Member

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    It's inevitable...Both programs are completely unsustainable, given the demograpics.

    Deal with the unpleasant truth today, or lie to yourself and deal and get a currency debacle.

    Those are your choices...There is no in between.
     
  8. occupied
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    occupied Gold Member

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    Yes, they act all big and bad now but oh lord will they complain when they can't even afford soylent green in their old age.
     
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  9. P@triot
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    P@triot Gold Member

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    Me? I'd like to see those unconstitutional pieces of garbage sent through the shredder.

    More realistically (thanks to the parasites in this country), there are a wide range of reforms that can be done that both preserve the programs but stop the nation collapsing fiscal crisis behind them.

    (Hint: click the link that was posted - it's what the entire article is about).
     
  10. auditor0007
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    auditor0007 Gold Member

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    There is no doubt we cannot fund these programs, Medicare specifically, for the long term as they are currently set up. Something will have to give. That does not mean we need to dismantle these programs. The easiest fix is to raise the retirement age. People are living much longer than they used to, so the retirement age should be raised. If we make people wait a few extra years to collect benefits, then two things happen. First off, they receive less of a payout over the long haul since we cut a few years off. Secondly, many will continue to work and by doing so will continue to put money into the system for those few extra years. It's a double bonus.

    Disability benefits for those who are truly disabled and are incapable of working longer would have to be discusses, and employers would need to be on board with the idea of retaining older workers longer. No matter how we end up addressing this problem, health care costs cannot continue to eat up a bigger and bigger percentage of GDP. Otherwise, there is nothing we will be able to do in the long run. The system as we know it will surely collapse.
     
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