The Real Debt Crisis Looms Over The Horizon

What options would you choose to address the Debt

  • End the Bush Tax Cuts Now

    Votes: 1 25.0%
  • Means Test Social Security

    Votes: 1 25.0%
  • End Medicaid (no free medical care)

    Votes: 2 50.0%
  • Restrict Medicaid (add a Maximum Lifetime Benefit)

    Votes: 1 25.0%
  • End the Unpaid for Drug Benefit

    Votes: 1 25.0%
  • End ALL Tax Loop-Holes

    Votes: 3 75.0%
  • End ALL Subsidies

    Votes: 2 50.0%
  • Bring Troops home from most overseas bases

    Votes: 3 75.0%
  • End ALL Foreign Aid

    Votes: 4 100.0%
  • Tax Wall Street on Derivatives, Options, Short-Sales, etc

    Votes: 2 50.0%

  • Total voters
    4

kyzr

Diamond Member
Oct 14, 2009
35,236
26,508
2,905
The AL part of PA
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
 
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

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

It doesnt get pretty.
 

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