Gut military and roll back the Bus tax cuts. However, dumbass Cons think the the EPA and PP caused this crisis.
******* delusional.
Which still wont come close to touching the deficit. The big 3 Medicare, Medicaid and SS are the biggest factors in the deficit. Until we get serious about reworking those programs, we won't begin to reduce the deficit.
You have been misinformed. Social Security is NOT broke....not even remotely broke, actually.
Social Security has a
$2.7 trillion dollar cash position.
Of course their cash position is in the form of government bonds (money SS lent to the Feds over the last 30 years) , but they are as secure as the other 12 Trillion in bonds that the US government owes the rest of the world.
In order for social security to be in trouble, every other bond holder that is holding US T-bills would ALSO have to be in trouble.
That would mean that just every bank, pension fund, and large insurance company in the world would be in trouble, too as they hold the same debt instruments that the Social Security funds holds as collatoral
Anybody here worried that the USA is going to renege on Social Security has to also assume that the FED is about to renege on the money it owes to the world's most powerful moneybags.
What apparently many of you do not quite yet get is that the FEDERAL debt is being counted as ASSETS in some of the largest private and public banks in the world.
Unless the FED is considering reneging ONLY on the DEBT it owes the American workers who paid into that social security fund, of course. And I rather doubt they're prepared to do that.
Medicade and Medicare are in trouble.
And most of that trouble comes to it because the cost of HC rises faster than the people's ability to be taxed to pay for it.
The solution in that case is to do something REAL to keep the cost of HC down.
I doubt we can tax ourselves out of that problem.
By throwning more money at the problem of rising HC expenses, we'd be causing still more HC icost ncreases.
Quite the dilemma, huh?
Sooner or later we might find the gravitas to really focus in the root cause of the problem.
The market really cannot fix that problem all by itself.
As should be obvious to those of you who have been paying attention to rising HC cost for the last 40 years or so.
.. back to the rubber room.... I'm thinking..
