We have seen (and solved) Bidenomics before

[leftwinger]

My goodness, these people have a short memory.

stuff it arsewipe. You have nothing of value to add yet another one of your stories is you work in finance? You’re a pathetic Joke of an “advisor”. A DEM shill is what you are.

 

[22lcidw]

Alas, I'm told we're running massive deficits and need to stop the spending.

The real time to do something about social security and Medicare was decades ago. in the 1980's they supposedly fixed it for a century. they lied. It was based on our nation growing at 4% or more a year. We are a declining nation. We have averaged much less than that. The then WW 2 generation was retiring in high numbers, and it swamped the then taxes. The then Progs would not budge on making part of the social security taxes private. We then spend most of the surpluses from it. Putting in IOU's like that was real money. Well not as real as the fiat currency we print up out of nothing. The problem is we get used to government sending checks out. Even if we earned it. And most have. With taxes going higher and higher social security ended up becoming the major income coming in for a higher percentage of citizens. It was supposed to be part of retirement. And for many it is. For many more it is survival now. Accepting the checks makes it easier for politicians to add more and more social programs. And they have.

 

[Greenbeard]

The real time to do something about social security and Medicare was decades ago.

We did do something about Medicare over a decade ago. Medicare reforms passed in 2010 (leading to the inevitable Boomer electoral backlash in the 2010 midterms) and real per beneficiary Medicare spending stopped growing for the first time ever. That's saved the country almost $4 trillion so far. All real spending growth on Medicare since then has been do to growing enrollment as people age into the program, not per beneficiary cost growth. That's about as good as you're going to get.

 

[Greenbeard]

/---/ Yes, stop the spending on massive government pork.

Budgetarily, this country is a retirement community with a military.

 

[kyzr]

Budgetarily, this country is a retirement community with a military.

How about researching the US GDP before make stupid claims.

 

[leftwinger]

The real time to do something about social security and Medicare was decades ago. in the 1980's they supposedly fixed it for a century. they lied. It was based on our nation growing at 4% or more a year. We are a declining nation. We have averaged much less than that. The then WW 2 generation was retiring in high numbers, and it swamped the then taxes. The then Progs would not budge on making part of the social security taxes private. We then spend most of the surpluses from it. Putting in IOU's like that was real money. Well not as real as the fiat currency we print up out of nothing. The problem is we get used to government sending checks out. Even if we earned it. And most have. With taxes going higher and higher social security ended up becoming the major income coming in for a higher percentage of citizens. It was supposed to be part of retirement. And for many it is. For many more it is survival now. Accepting the checks makes it easier for politicians to add more and more social programs. And they have.

They could develop a disease to kill 100 million Americans mostly elderly with Fauchi & China. After they inject the Elite with the pre-arranged vaccine.


then they could seize a lot of the wealth. I am the “idea man” don’t shoot me. And don’t think they haven’t considered it.

 

[leftwinger]

We did do something about Medicare over a decade ago. Medicare reforms passed in 2010 (leading to the inevitable Boomer electoral backlash in the 2010 midterms) and real per beneficiary Medicare spending stopped growing for the first time ever. That's saved the country almost $4 trillion so far. All real spending growth on Medicare since then has been do to growing enrollment as people age into the program, not per beneficiary cost growth. That's about as good as you're going to get.

Assisted suicide. More opiates free flowing to pain sufferers. Why spend your last years in a costly hospital hooked to a hose in a bed watching a TV too far away with a loud mouthed nurse controlling your events.

 

[Mac1958]

stuff it arsewipe. You have nothing of value to add yet another one of your stories is you work in finance? You’re a pathetic Joke of an “advisor”. A DEM shill is what you are.

Just more personal insults. Boring.

 

[22lcidw]

We did do something about Medicare over a decade ago. Medicare reforms passed in 2010 (leading to the inevitable Boomer electoral backlash in the 2010 midterms) and real per beneficiary Medicare spending stopped growing for the first time ever. That's saved the country almost $4 trillion so far. All real spending growth on Medicare since then has been do to growing enrollment as people age into the program, not per beneficiary cost growth. That's about as good as you're going to get.

Medical costs are going to have to be delt with at some point. Right now, the squeaky wheel gets the grease.

 

[francoHFW]

We have seen (and solved) Bidenomics before​

We have seen (and solved) Bidenomics before

The last time America encountered Bidenomics was the late 1970s. Ronald Reagan provided the answers.

thehill.com

2 Nov 2023 ~~ By David McIntosh

Reckless government spending. Incessant money printing. Historically high interest rates. The worst inflation in 40 years.
Despite the Biden administration’s best efforts to deceive them, the American people know that Bidenomics isn’t working.
Lucky for the next Republican president, this means that he or she already has a roadmap offering a way out: the policies of President Ronald Reagan, famously known as the four pillars of economic growth.
By prioritizing tax cuts, deregulation, reducing domestic social spending, and combating inflation, President Reagan was able to restore prosperity for American working families in the 1980’s after the similarly catastrophic Jimmy Carter administration. In its new white paper, “Reaganomics for the 21st Century,” the Club for Growth Foundation describes how America currently faces remarkably similar challenges to those Reagan faced as a new president. The next president should apply lessons from his leadership to restore confidence that our best days are ahead of us.
~Snip~
As with the Biden administration, inflation also plagued the Jimmy Carter administration in the 1970s. As a result of its fiscally irresponsible policies, prices climbed by nearly 50 percent in just four years under Carter. In response, Reagan provided the political protection that the Federal Reserve needed to bring inflation under control through restrictive policy, even though it was unpopular. As a result of his bravery (which cost him dearly in the 1982 midterm), annual inflation fell from 12 percent when Reagan took office in 1980 to 4 percent in 1988 when he left.
~Snip~
As Judy Shelton, a former economic advisor to President Trump, wisely noted in a recent op-ed, “It’s clear where this is going. When government is unconstrained by budgetary discipline and monetary-policy makers punish the private sector with high interest rates to rectify the errors of fiscal policy, democratic capitalism can’t last long.”
This is why our organization exists — to fight to save not only our economic system, but also our political system that depends on it.

Commentary:
The Federal Government now spends more money on Social Security, Medicare, Medicaid, interest on the National Debt, and defense than it collects in taxes. So without cuts to those categories, even if the government totally eliminated all other spending, the budget still wouldn't balance.
Appallingly, these massive deficits in spending every year, by every president of late, has kept the system barely functioning. The only 'growth' we get now has been massive deficits and debt.
Meanwhile, both Democrat and Republican voters show no interest in stopping the spending.
In essence Joey Bai Dung has returned us to "Carternomics" of the 1970's.

Biden has given us the best economy of any major country and the lowest inflation, and everybody else in the world knows that it is Putin's fault for screwing up the grain and oil markets by the Ukraine War.... Brainwashed functional moron,,,,

 

[francoHFW]

/---/ Yes, stop the spending on massive government pork. do I need to post the link again?

It is way overdue to tax the rich again and invest in America again. After 40 years of GOP giveaway to the rich tax rates, we have by far the worst inequality and upward mobility ever anywhere in the modern world along with the worst poverty and homelessness, and all the right can do is obsess over where the worst homelessness is. It;s California where the weather is nice and They can have some dignity and help.....

 

[Cellblock2429]

Biden has given us the best economy of any major country and the lowest inflation, and everybody else in the world knows that it is Putin's fault for screwing up the grain and oil markets by the Ukraine War.... Brainwashed functional moron,,,,

/——-/ Apparently only three people in the world believe that, Dementia Joe, Heels Up
Harris and you.

 

[Cellblock2429]

It is way overdue to tax the rich again and invest in America again. After 40 years of GOP giveaway to the rich tax rates, we have by far the worst inequality and upward mobility ever anywhere in the modern world along with the worst poverty and homelessness, and all the right can do is obsess over where the worst homelessness is. It;s California where the weather is nice and They can have some dignity and help.....

/——: The rich already pay the bulk of the taxes. The real money is in the middle class. Prepare to pony up.

 

[francoHFW]

/——: The rich already pay the bulk of the taxes. The real money is in the middle class. Prepare to pony up.

the middle class is taxed too much already, so we have a flat tax system which is always a disaster, and The inequality is so bad that the rich make 80% of the money and pay 80% of the taxes. Great job, Super Duper! And you get the worst inequality upward mobility poverty and homelessness anywhere by far in the modern world EVER.

 

[francoHFW]

/——-/ Apparently only three people in the world believe that, Dementia Joe, Heels Up
Harris and you.

The only people that don't believe it are the brainwashed Republicans and unfortunately too many others here in the United States the land of total BS....

 

[Marener]

/—-/ We “Geezers” paid for those benefits our entire working life and still pay for them in our retirement. So go pound sand.

When are you going to get around to paying off the federal debt you made?

 

[francoHFW]

When are you going to get around to paying off the federal debt you made?

Let's see, Reagan tripled it, Bush doubled it and gave us a world depression from the usual GOP corrupt deregulation bubble and bust. You people have absolutely no clue your party is a disaster in every respect. Pay back the whole world for 1929 1989 2008 and 2020 pandemic catastrophe based on total B S about vaccines....

 

[Cellblock2429]

When are you going to get around to paying off the federal debt you made?

/——/ Congress made the debt, not me, you twerp.

 

[Marener]

/——/ Congress made the debt, not me, you twerp.

Congress made social security, not me. Yet you expect me to pay your social security benefits.

So GTFO with your double standards.

 

[Cellblock2429]

Congress made social security, not me. Yet you expect me to pay your social security benefits.

So GTFO with your double standards.

/——/ Dig up FDR’s moldy corpse and yell at him. If I had the choice I’d have opted out of SS and invested the same amount into the S&P 500. But, democRATs blocked any attempt to privitize SS.