Panetta: We are willing to cut ten trillion out of the budget over the next century. All we want is two trillion out of the military budget over the next three years.
Boehner: Sounds reasonable. Give me a minute, I’m tearing up. I never thought we could be so bipartisan.
“Entitlements” is money given to people who did not earn it. That would not be social security and medicare becausethe people who get that benefit paid into it their who working lives and planned on it for retirement. The other plan of liberals (they held hearings on this) would is to grab everyone’s retirement funds to fund a new entitlement of retirement to replace the SS and medicare money the government stole from retirees. That is the plan of Obama.
Why? Because it’s whitey money. His entitlement voters are not middle class whites who contributed to SS and medicare and who save money for retirement. It’s racial and generational based wealth transfer. Don’t cheer him on. It’s racist and ageist theft in the name of balancing the budget.
I'd prefer that the Republicans just let this thing crash. Of course Boehner won't, but that's what I'd prefer. All we can do for the next 4 years is "Go Galt" and minimize work and taxes, so we don't feed the monster.
how does the saying go? “We deserve the government we vote for”
I bet it will be means testing for SS and Medicare cost sharing for those they deem can afford it.
I bet it will be means testing for SS and Medicare cost sharing for those they deem can afford it.
Under Bush & Congress the Deficit increased 43% in 8 years. Under Obama & Congress the Deficity doubled that of Bush’s (86%) in 4 years. If you want to fix the probem, we need to find out “what” caused this increase and address that. Not too much has really changed under Bush vs. Obama. In fact under Bush we had 9/11, a “real” war (with bombs dropped), and a hurricance that cost much more than Sandy. Sandy doesn’t even account for the 86% increase. What did Obama and Congress spend it on? They need to look that First in order to address their fiscal problems.
Under Bush & Congress the Deficit increased 43% in 8 years. Under Obama & Congress the Deficity doubled that of Bush’s (86%) in 4 years. If you want to fix the probem, we need to find out “what” caused this increase and address that. Not too much has really changed under Bush vs. Obama. In fact under Bush we had 9/11, a “real” war (with bombs dropped), and a hurricance that cost much more than Sandy. Sandy doesn’t even account for the 86% increase. What did Obama and Congress spend it on? They need to look that First in order to address their fiscal problems.
The entitlements that Leon Panetta (Secretary of Defense) is hinting at are military retirement packages and long term medical costs. They’re looking to entirely phase out the old system and put the military on a 401k style plan.