Tuesday, October 15, 2013
Dont know how
There are some very creative people in the world. I suspect the lyrics of 1week, two, weeks, three weeks, month, 5,6,7, take the summer off may in fact come true with a $17T national debt and $126T unfunded liabilities over our heads. I’m actually surprised we haven’t had another 1929 already and I believe the only thing that preventing it is the treasury is pumping billion of fake money into the economy monthly is has all caught up with us. I don’t know how this US is going to make it thru this without cutting a lot of funds in many places.
http://llnlthetruestory.blogspot.com/2013/10/doe-furlough-song.html
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19 comments:
Does anyone here have the balls to name off a few places we could cut funding or are you all to politically correct.
If I were Lew, I would tell all now that I will pay debt obligations completely per 14th amendment requirement, and then pro-rate everything else equally until the cash crisis is over. So act accordingly.
Using Rand Paul's estimates of $250B income each month and $25B of debt service, that leaves $225B for all other items.
If the other obligations total $300B I would pay each obligation 225/300 ~ 75%.
The I would go home and play with the kids. Job complete.
Where we could cut funding:
-start with oil company exploration subsidies...the most profitable companies ON THE PLANET do not need any help from govt in this day and age.
- continue with cutting agricultural subsidies as well.
This should save a few $billion.
100% agreement with the suggested cuts to oil and farm subsidies. These are outdated and wasteful expenditures. No-brainers like these are the place to start.
You don't get significant savings until you cut (drastically) Medicare, Medicaid, and Social Security. All else is pissing in the wind. Look up the numbers. Means test them all and no coverage at all for anyone over 100k per year income.
Wrong. I didn't contribute $200k to be frozen out with nothing because I am successful.
SS is a mandatory retirement supplement program for all not a charity for poorly accomplished democrats. We effective producers suceeded and saved over a lifetime while profligate baby-boomers toked, talked, protested, lazed away, demanded entitlements, divorced and "found themselves". Good for them, they have memories and I am not stupid enough to give them a damn thing, unless it is direct private charity to the few truly lost or indigent.
The only fair and politically viable solution is to treat all equally,to Pro-rate the reductions to all equally as necessary to reduce the debt to sustainable levels.
And we can't just dump our stupidity onto just the next generation: they have debt, children and life expenses to manage.
We who were lazy and are now old must live with the consequences of our decisions. "Whot, me worry?"
I don't think we are talking about much reduction to bring SS back in line. Perhaps a 2-3% reduction in the growth rate of social security benefits to all compared to the current plan to bring long term stability to the system. A cost yes, but not a bad insurance payment for a secure long term cash flow. LLNL TCP-1 folks and UCRS pensioners have survived increased contributions to stabilize their future cash flow
The cost of Obamacare is harder to predict. It is too new and too poorly understood (by me) to make any estimates of costs and cost reduction methods.
Europeans have "universal" care, with some limitations not familiar to more independant US taxpayers. In most countries, high-cost treatments are delayed or rationed or even prohibited due to co-morbidity. The cost is paid by a 10-20% VAT (universal sales tax) and all medical items are price controlled.
In some countries, Denmark for example, it seems pretty good.
In Italy people run from public care as soon as they are able. Hospitals often look they were set up by Florence Nightengale. Those who can, move immediately into cash-based private care.
I think the national debt is up to $65k per person.
When each person dies, this amount should be taken from his/her estate.
Call it the "Deadbeat tax" and use it to lower college costs for the poor young people who are stuck with our greedy and self-serving baby-boomer decisions.
When each person dies, this amount should be taken from his/her estate.
How about if you commit suicide and we take all your estate for the better good.
Maybe we should make people work on a community farms for the greater good. We will make the farmers buy seed from the government.
Wow! Marxism 101 Thank you Stalanist U.
Anonymous Anonymous said...
I think the national debt is up to $65k per person.
When each person dies, this amount should be taken from his/her estate.
Call it the "Deadbeat tax" and use it to lower college costs for the poor young people who are stuck with our greedy and self-serving baby-boomer decisions.
October 16, 2013 at 12:41 AM
Better look at the debt clock. You each. You each owe more than $1.1M by midnight tonight to pay off the debt. http://www.usdebtclock.org/
As far as SS and Medicare is concerned I only see one way to stop this Ponzi scheme. Mandate that anyone born after 12/31/2013 does not have to pay into SS or Medicare but they also will not receive any. They will be required to buy their own insurance policy that'll get them thru from 65 until death and they will not be entitled to emergency medical care for any reason. In a few decades this $126T debt will be gone and population will be under control as we should have done decades ago.
I think the national debt is up to $65k per person.
When each person dies, this amount should be taken from his/her estate.
Call it the "Deadbeat tax" and use it to lower college costs for the poor young people who are stuck with our greedy and self-serving baby-boomer decisions.
October 16, 2013 at 12:41 AM
Don't forget that 47% of the country has no personal estate when they die, since they have been living off of entitlements for their entire life.
Stop placing emigrants onto SS when they first enter the country; at any age.
No brainer that Congress and Senate do not deserve their salary for life, nor their own medical plan.
How about cutting military aid?
Want to cut pork, the LLNS contract to a minor example of runaway funding to "friendly" corporations; how many Alaskan natives actually benefit from the Alaskan Indian shell companies staffed by former military generals and no-longer-elected officials.
To respond to the post.
I think a good place to start would have been an upfront and no fibbing about temporary national war tax for a few years to fund the debt from the two wars.
Then to look at the fraud in some of the handouts and to be fair not to hurt the folks who actually need these but 60 minutes showed that 50% of SS Disabilty recipients are fraudulent.
Then go down the list for NPR, Planned parenthood, Big Oil and Agriculture.
This would get us on the right track and a good and fair start.
I say get rid of income tax and have a flat 10% tax on all purchases.
Also cut foreign aid.
Social programs should only benefit Americans. Also if you are on welfare you should be required to work, somewhere somehow. Then have the government subsidies your paycheck.
As of today every working person in the US would have to write a check for $1.1M by midnight tonight to pay of the debt or you could make payments of $70B a month for 22 years. You choice. Do the math. Last night just raised your mortgage payment. Pay up fools.
Man, I am so glad some of these annoying threads are going away. Now I just wish Mr. "socialist democratic party" with his 17T in debt and 126T in unfunded mandates would go away,
October 18, 2013 at 7:29 PM
Sorry. Facts are facts and the Socialist Democratic Party is just that Socialist - I'd prefer Socialist Anti-American Domestic Terrorist is how they really should be classified, and treated accordingly.
"Man, I am so glad some of these annoying threads are going away."
October 19, 2013 at 4:31 AM
Hear, Hear! Let's get back to the important stuff. How is NIF doing these days?
Let's get back to the important stuff. How is NIF doing these days?
October 20, 2013 at 3:31 PM
If it were important, you'd already know.
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