The Real Debt Crisis Looms Over The Horizon

Discussion in 'Politics' started by kyzr, Jul 31, 2011.

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What options would you choose to address the Debt

  1. End the Bush Tax Cuts Now

    1 vote(s)
    25.0%
  2. Means Test Social Security

    1 vote(s)
    25.0%
  3. End Medicaid (no free medical care)

    2 vote(s)
    50.0%
  4. Restrict Medicaid (add a Maximum Lifetime Benefit)

    1 vote(s)
    25.0%
  5. End the Unpaid for Drug Benefit

    1 vote(s)
    25.0%
  6. End ALL Tax Loop-Holes

    3 vote(s)
    75.0%
  7. End ALL Subsidies

    2 vote(s)
    50.0%
  8. Bring Troops home from most overseas bases

    3 vote(s)
    75.0%
  9. End ALL Foreign Aid

    4 vote(s)
    100.0%
  10. Tax Wall Street on Derivatives, Options, Short-Sales, etc

    2 vote(s)
    50.0%
Multiple votes are allowed.
  1. kyzr
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    kyzr Gold Member

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    The Baby Boomers are just starting to retire en-masse, at a rate of about 10,000 a day for 19-years
    10,000 Boomers to Retire Each Day for 19 Years

    This means that based on "supply & demand" that the medical system will be strained like never before. These are folks that actually PAID INTO THE SYSTEM, at about $300,000 each into SS & Medicare, and are expecting SS & Medicare to be there when they need them. The real problem is that the Feds don't have enough money to pay, we simply can't borrow that much money. Read this article before making a decision on how to balance the Budget.

    why-debt-crisis-is-even-worse-than-you-think-businessweek: Personal Finance News from Yahoo! Finance

    Lets do a Poll on how to balance the Budget
     
  2. kyzr
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    kyzr Gold Member

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    Not handling "Gloom & Doom" very well. Maybe we need to move more jobs to China??
     
  3. Full-Auto
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    Full-Auto Gold Member

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    Now add Obamacare with many small businesses ready to dump coverage.

    It doesnt get pretty.
     

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