Posted on 01/10/2023 1:31:44 PM PST by ChicagoConservative27
LOL, everyone would be okay with that, and I would like a flying car and a supermodel for a wife too. None of those things are actually going to happen though.
“And when that isn’t enough?”
It will never be enough for these liberals. You can never spend enough for these people. Thus it will continue to be a struggle from now on with the liberals appearing to have the upper hand.
However the interest on the debt will continue to climb as interest rates rise due to this ridiculous inflation. Interest on the debt will suck up more and more of the budget and cause major problems for these pathetic politicians.
In the meantime I will continue doing what I can do about it and live my life not worrying about it. There are more important things in life besides politics.
Social Security needs to be transitioned over time to something like the federal employee Thrift Saving Plan where the money is invested and the employee owns his/her money. Once that is the case more people will take interest in how the government is hurting their future well being.
It won’t happen though because SS has more dependency and Congress likes keeping us serfs.
Just fire up the printing presses....mo money. Problem solved. Like Remo said in the movie Casino when they found a head out in the desert......”They’re making a big deal out of it.” LOL...that always cracked me up.
White House opening the once upon a time gravy train story book as election nears.
Yeah, they like to hide it ...
I believe interest on the debt may be third, slightly behind defense.
Regardless of who stole it, and whose fault it is, IT ISN'T THERE. Next month's social security check is an unfunded liability. And don't think I'm not royally pissed off about that ... the bastards have been ripping me off for decades.
“ Cost of military bases pales in comparison to entitlements.”
Hoover me the figures, not just rhetoric. As Trump has said, Republicans have to stop threatening to cut Social Security or they’ll never win another election. I know Republican seniors who depend on it to get by. The idea that we can’t afford to keep the program whole - while spending vast sums on policing the world and a host of other federal programs - is BS. Remember, Trump also called for taxing hedge fund billionaires - a crowd of woke progressives. I was down with that when he proposed it, and I’m still down with it -especially since they also can get Social Security
“IT ISN’T THERE. Next month’s social security check is an unfunded liabilit’s”
That’s not true. Social Security is paid out the way USSavings bonds are paid out - by money appropriated every year by Congress. To say that Soc Security isn’t there is to say that the Treasury bonds in your IRA “aren’t there”
Since you - a Republican I presume - are badmouthing Social Security, don’t complain when Democrats tell voters that Republicans oppose Social Security.
What I meant was: “what are you going to cut AFTER you cut all the military fat, pork and social welfare programs and it still isn’t enough to balance the budget?” Because it wouldn’t be enough.
The gaslighting around here is nuts.
Badmouthing? You need help.
At some point, SS and Medicare and Medicaid and all the welfare will need to be be curtailed. We wont have enough money to pay for the estimated future cost. Not my fault all you old folks didn’t save a penny for a rainy day. Deal with it.
END FORIEGN AID.
I read he took Medicare funds in order to fund post office...
Of course in addition to funding their health care, we are funding their travel here and living expenses once they arrive...They are treated better than US citizens.
They are the replacements...
Well, they aren't. Government bonds are literally "IOUs". That they are treated more seriously than an "IOU" that you or I might scribble is merely a statement that people place more faith in that particular government's promises than they would in our promises.
It’s not an entitlement when you pay into it your entire working life
In just a few days the December edition of Monthly Treasury Statement will be published. It spells out pretty well how bad the situation truly is becoming with this trainwreck. Like with Bear Stears, Lehman Brothers, and many others - it starts slow, everyone who looks at the numbers on the inside gets “deer in the headlights” denial, and then boom it goes insolvent and then illiquid. Its the time between insolvent and illiquid that many folks go to prison when the justice system is honest because they did lots of panic greedy foolish illegal things while well-connected speculators lost lots of money betting on their distressed securities due to these crimes being committed so they exact revenge.
https://fiscal.treasury.gov/reports-statements/mts/current.html
They should freeze spending but they won’t cut any spending. Thus it is somewhat academic.
I agree, they won’t cut anything so it is entirely academic.
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