Posted on 01/21/2023 7:23:25 AM PST by ChicagoConservative27
Never mind you did say with interest.
Lol. I’m often wrong so I don’t think that clip is true.
SSI needs to die in its current form. Just because I was robbed doesn’t give me the right to rob my kids. Having said that, we should have killed it 25-35 years ago and moved to personal accounts. Democrats were addicted to the excess funds. With the baby boomers retiring we are stuck with it until they die out. As a country we have to transition to some other method.
I will admit as a higher income earner but not rich, the SS formula sucks for me personally. As a family with 2 higher earners it really screws us personally. However, that doesn’t give me a right to screw over someone else. It will never get fixed but doesn’t mean that it will work.
I disagree entirely. We are in a war of factions, and there are a ton of different factions (e.g. government workers, political class, liberal 'elites', the pedigreed, racial factions, socioeconomic factions, urban factions, rural factions, different religious factions, etc. etc. The 'progressive' elites understand the effectiveness of divide and conquer. Sometimes it is critical to hang hypocrites by their own petards and make their hypocrisy undeniable and indefensible. This will be an absolutely critical element of ensuring liberty in the world.
Won’t work on foreign debt. <<
How so? .. a dollar IS a dollar!
Because the more money you print the less your money is worth in comparison to other currencies. The dollar/euro ratio is ~1.09 right now. If you inflate our currency that ratio will decrease substantially and it will take more dollars to pay off the same foreign debt. When you are talking billions, even slight changes in that ratio matters.
Enough money has been appropriated already to carryon through the Republican storm
Imagine trillions!"
Lots of scientific evidence for this but its also in the Bible.
In the Catholic version it goes a bit like this:
"Our Father who art in Heaven, Howard be his name, thy kingdom come, thy will be done on Earth as it is in Heaven."
I know this because I was an Altar Boy for two years.
Just smile and get to church before the games.
;-)
In 2020 total Federal spending was $6.6 trillion.
Mandatory spending by the federal government totaled $4.6 trillion in 2020, of which $2.32 trillion was for Social Security, Medicare and Medicaid. Income security programs (”welfare”) was $1.052 trillion of which $341 billion was for COVID the rest is for things like SNAP, etc. “Other programs” $977 billion. Not quite sure what’s meant by paycheck protection but its $526 billion of that $977 billion. Also, more COVID spending - COVID Relief $149 billion. Federal retirement both military and civilian was $171 billion,
To actually operate the federal government was $1.9 in spending. That includes defense, foreign aid, Federal LE, salaries, etc.
We (the generic “We”) are the problem because we’ve allowed growth in entitlements (- the $4.6 billion) to grow until it dwarves everything. Not just dwarves everything super dwarves everything! We want to do it because we want to ‘do good’, ‘be good’, ‘sounds good’, ‘help everyone’ and anyway it seems to be ‘someone else’s money’ so we don’t care! If we want to blame someone or something we need to pick up a mirror!
All your suggestions are just nibbling at the edges! It doesn’t tackle the real problem. You could zero out discretionary spending and we are still headed over a financial cliff! None of this is made up I took it off the USG CBO’s own web link. See link below.
Any politician who has had multiple terms in office particularly Congress and voted for these financial monstrosities year after year should spend the rest of his\her life in stocks in the town square and be spat upon. They are too stupid and irresponsible for normal life.
Perhaps that’s too harsh we enable them, we vote for them!
I was really just quoting Keyhopper At #31 - this thread.
Still your points are valid but my 2 cents:
Gubmint since 2004? has just been budgeting with Continuing Resolutions with every budget just adding 5 to 10% increases to every department.
I’ve read that reversing that process, cutting say 2 cents per dollar across government as the economy grows debt can be cut significantly.
LABOR is what 60-70% minimum of department costs and gubmint workers are paid 120% (est.) over the private market?
Cut there - if the EEs don’t like it they can quit and go to the private market.
Sorry - gotta replace a sink before the games ... ;-)
Bill Maher is either waking up this past year or so,or this is just more “a broken clock is right twice a day” stuff.
Don’t know, don’t care. If his viewers plae any credence in what he says, and they start waking up, then good.
One more thing: Where’s that $200,000,000,000 in military spending that’s disappeared since Biden too?
Federal salaries are such a miniscule part of the budget. It’s focusing on the drop of the drop of the drop, etc. of the federal bucket. What will that accomplish?
Again, you can zero out the discretionary spending ($1.9 trillion) and we still go off the financial cliff. It’s truly not the problem!
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