"Total Boomer Luxury Communism"

[Greenbeard]

I'd love to see it. That's when I'll believe it.

It happens automatically at the end of the next administration. We'll be at ~28% cuts to government checks in just a few years.

 

[Lisa558]

It happens automatically at the end of the next administration. We'll be at ~28% cuts to government checks in just a few years.

Does that include for the welfare leeches too? Or are we just cutting benefits to elderly who have contributed to society - and tax revenue - for 40 years?

 

[Greenbeard]

Does that include for the welfare leeches too? Or are we just cutting benefits to elderly who have contributed to society - and tax revenue - for 40 years?

Yes. Everybody's getting a cut.

 

[Lisa558]

Yes. Everybody's getting a cut.

Are they actually REDUCING the amount of welfare given out to able-bodied adults, or are they simply attaching work requirements? If it’s the latter, they it’s not a cut at all. Just a requirement to have some degree of responsibility.

 

[Greenbeard]

Are they actually REDUCING the amount of welfare given out to able-bodied adults, or are they simply attaching work requirements? If it’s the latter, they it’s not a cut at all. Just a requirement to have some degree of responsibility.

Benefits are being reduced, just like your checks will.

 

[Lisa558]

Benefits are being reduced, just like your checks will.

So the dollar amount that welfare people get will be cut? Or only if they refuse to get a job?

And I doubt my check will be reduced. What will happen is that there will be a mix of modest changes to solve the issue: the SS tax will go up by half-a-percentage point, the point at which SS tax is collected with go up, and MAYBE seniors with incomes of $150,000 or more will see a modest cut.

I can see you’re already trying the Democrat scare tactic in order to get votes.

 

[Greenbeard]

And I doubt my check will be reduced.

You have six years to save, time to act responsibly.

 

[Lisa558]

You have six years to save, time to act responsibly.

LOL. What makes you think I haven’t been doing that all my life?

And your scare tactics won’t work on intelligent people.

 

[Lisa558]

You have six years to save, time to act responsibly.

And you didn’t answer my question: will the dollar amount of welfare be cut on the welfare leeches, or do they just have to….shudder….get a job to keep getting Other People’s Money?

 

[Greenbeard]

LOL. What makes you think I haven’t been doing that all my life?

Then you'll be fine. Suck it up, everyone's taking a haircut.

 

[Lisa558]

Then you'll be fine. Suck it up, everyone's taking a haircut.

Still won’t answer my question about cutting the actual $ amount of welfare, I see.

There is no way elderly on a fixed income will see their checks reduced if a) welfare leeches continue to get the same amount (as long as the get a job), b) families headed by illegal aliens are getting food stamps, subsidized housing, and free health care.

So the order is;

1) deport all illegals, and save $160 billion a year

2) get welfare leeches into a job, where they will pay into the SS system

3) if still necessary, cut the SS benefits of wealthy retirees by 10%.

 

[Greenbeard]

1) deport all illegals, and save $160 billion a year

2) get welfare leeches into a job, where they will pay into the SS system

3) if still necessary, cut the SS benefits of wealthy retirees by 10%.

All happening, except the SS benefit cut will be closer to 30%.

 

[Darkwind]

Why is everyone treating the OP's post as if it's valid in any way at all?

 

[Greenbeard]

Why is everyone treating the OP's post as if it's valid in any way at all?

Math doesn't care about your feelings.

 

[Lisa558]

All happening, except the SS benefit cut will be closer to 30%.

We’ll see.

 

[Marener]

Still won’t answer my question about cutting the actual $ amount of welfare, I see.

There is no way elderly on a fixed income will see their checks reduced if a) welfare leeches continue to get the same amount (as long as the get a job), b) families headed by illegal aliens are getting food stamps, subsidized housing, and free health care.

So the order is;

1) deport all illegals, and save $160 billion a year

2) get welfare leeches into a job, where they will pay into the SS system

3) if still necessary, cut the SS benefits of wealthy retirees by 10%.

You leeches forgot to pay the $38 trillion in debt you left.

 

[Lisa558]

Math doesn't care about your feelings.

What that chart shows is that we have too many people on welfare who don’t work, and thus don’t pay into the SS system.

 

[Greenbeard]

What that chart shows is that we have too many people on welfare who don’t work, and thus don’t pay into the SS system.

Good news, the coming Social Security cuts will increase work.

Budgetary Effects
The primary deficit (which excludes net outlays for interest) would be smaller in the payable-benefits scenario than it is in CBO’s baseline projections. For example, accounting for economic effects, CBO estimates that in 2036, the primary deficit would be $0.3 trillion instead of $1.0 trillion—a reduction of $0.7 trillion. The associated reduction in net outlays for interest would reduce the total deficit in 2036 by an additional $0.2 trillion (a net reduction of $0.9 trillion), bringing the total deficit to $1.2 trillion from $2.1 trillion. Federal debt held by the public would be $52.8 trillion in 2036, rather than $56.2 trillion. Measured as a percentage of gross domestic product (GDP), such debt would be 8.1 percentage points lower in 2036—112 percent rather than 120 percent of GDP. . .

Economic Effects
In the short term, a reduction in demand for goods and services resulting from the reduction in benefits would cause GDP to decline. Over time, the effects of increased work and savings and reduced federal borrowing would more than offset that initial reduction in demand and cause GDP to rise. Those changes would affect different groups of people to various degrees.

Short-Term Economic Effects. Initially, the reduction in Social Security payments would cause consumer spending to decrease and the overall demand for goods and services to decline. The resulting reduction in real GDP (that is, the nation’s economic output adjusted to remove the effects of changes in prices) would coincide with an increase in the unemployment rate and a reduction in the rate of inflation. In CBO’s view, the Federal Reserve would respond to those effects by lowering interest rates as part of its dual mandate to pursue maximum employment and price stability. . .

Long-Term Economic Effects. In 2036, output would be 1.0 percent greater than it is in CBO’s baseline projections, for three main reasons. First, the labor supply would expand as some people worked more or stayed in the labor force longer to make up for smaller benefits. Second, an increase in private investment would follow a rise in private savings as some workers saved more while working to offset the effect of smaller benefits on their income and spending in retirement. Third, smaller budget deficits would reduce interest rates, increase the amount of funds available for private investment, and boost output. Effects after 2036 are outside the projection period covered in this report. . .

 

[Lisa558]

You leeches forgot to pay the $38 trillion in debt you left.

You’re the ones demanding more and more welfare (without requiring work), student loan forgiveness, extended Obamacare subsidies, and support of 15 million illegals. Gimme….gimme….gimmee.

1) NO welfare to anyone who is able-bodied who is not working at least 20 hours a week, unless they have an infant.

2) Deport all illegals.

3) Reduce Obamacare subsidies and force insurance companies to compete.

That’s a start.

 

[Marener]

What that chart shows is that we have too many people on welfare who don’t work, and thus don’t pay into the SS system.

And you idiots thought now is a good time to deport millions of people who are paying into the SS system.