[Centurnion]

Those who don’t believe it — the folks who laugh at fiscal conservatives — got a wake-up call when USA Today hit the streets Monday with a headline that said:

“U.S. owes $62 trillion; Unfunded obligations amount to $534,000 per household.”

Got that? Each household in the United States owes $534,000 if the United States is to make good on its obligations to lenders and millions of Americans who expect benefits from Medicare and Social Security. In 2010 alone the government added $5.3 trillion in new financial obligations.

“The gap between spending commitments and revenue last year equals more than one-third of the nation’s gross domestic product,” the story stated.

The staggering $62 trillion is about $48 trillion more in debt than Americans have been led to believe. The government reports a national debt of $14.32 trillion, but USA Today explains that government doesn’t calculate what’s owed to seniors, veterans and retired government employees when reporting the debt. In the simplest terms, the $14.32 trillion represents the amount that has been borrowed to pay current obligations, but not debts incurred as promises. That’s like the head of a household accounting for car loans and the mortgage but pretending there is no obligation to provide food, health care promised allowances for the kids“

The government has promised pension and health benefits worth more than $700,000 per retired civil servant,” USA Today reported. “The pension fund’s key asset: federal IOUs.” Each household owes $534,000 (poll) - OUR VIEW - Colorado Springs Gazette, CO

So what to do--what are we to do? Oh I remember--let's tax the "rich"-

Today there are 18,000 baby boomers DAILY entering Social Security/Medicare programs and this will continue for the next 15 years.

And yet we have conservatives--liberals--and independents--stating--don't throw Grandma under the bus in the continual democrapperie rhetoric of MediSCARE.

[ChexEcodece]

Mom and Dad are going to have to move in with me and do odd jobs and baby sit, cause ^^^THAT^^^ ain't going to happen.

[Centurnion]

Mom and Dad are going to have to move in with me and do odd jobs and baby sit, cause ^^^THAT^^^ ain't going to happen.

Well--the way it's looking--if this budget doesn't get straightened out--it wouldn't surprise me to see 15 family members living in a 2 bed--1 bath house. That's what they do in Mexico.

Heck--Mexico may be building fences to keep us out.

[WrinnaArraple]

Nobody fucking cares. Any talk is just rhetorical nonsense. The Socialist people in charge only want to run America into the ground and ruin America for all time.

[bitymnmictada]

Don't worry everyone. There will be lot's of jobs when China comes to collect our natural resources. Fracking for natural gas, logging and strip mining offer plenty of employment opportunities.

[CatLuvkaLover]

Don't send the check yet, they are not done running this up under the umbrella of "we inherited it." Seriously, no one is interested in getting the budget to a point where tax income is greater than spending output. Democrats are not interesting in anything but continuing to spend away. I am starting to doubt that Republicans are all that interested in it either, away from the mic. Anyway, until that happens where our budget is paid for we are wasting our time and this number here will do nothing but go up.

[Bondjrno]

Oh my God, Social Security will bankrupt the nation, by 1950 at the latest, we just can't afford it.
Medicare will be bankrupt by 1976, we just can't afford it.

We really need to be rational about all this. We could simply raise taxes to levels that are still lower than what people in other countries pay, and balance the budget and pay off the debt. It's only a problem because of the GOP "no more taxes" religious dogma. Like a devout Jew starving to death in a place where pork is plentiful. Our "problem" is self inflicted by the desire to adhere to dogma that has no basis in any kind of rational analysis of the situation.

[ChexEcodece]

We really need to be rational about all this.

Let us know when you get started.

[Doctor-CTAC]

Seriously, no one is interested in getting the budget to a point where tax income is greater than spending output.

Exactly.

No one is interested in giving up services or paying taxes.

It's not the government's fault that we're in this mess, it's the peoples'.

[CatLuvkaLover]

Exactly.

No one is interested in giving up services or paying taxes.

It's not the government's fault that we're in this mess, it's the peoples'.

Agreed, it is unfortunate that we are filled with those on both sides of the isle that think we can cut spending only, or tax only ourselves out of this mess.

[bitymnmictada]

OIt's only a problem because of the GOP "no more taxes" religious dogma. Like a devout Jew starving to death in a place where pork is plentiful.

Real classy analogy there, way to go. No racism or bigotry at use there, move along, nothing to see.

[CatLuvkaLover]

Oh my God, Social Security will bankrupt the nation, by 1950 at the latest, we just can't afford it.
Medicare will be bankrupt by 1976, we just can't afford it.

We really need to be rational about all this. We could simply raise taxes to levels that are still lower than what people in other countries pay, and balance the budget and pay off the debt. It's only a problem because of the GOP "no more taxes" religious dogma. Like a devout Jew starving to death in a place where pork is plentiful. Our "problem" is self inflicted by the desire to adhere to dogma that has no basis in any kind of rational analysis of the situation.

And Obama still would not do it thus making the Bush tax cuts now the Obama tax cuts. Your GOP "no more taxes" rhetoric did not matter at the time, Obama and the left hand the opportunity, control, and ability to set taxes to a level that made sense. But, wasted it. Fearful of the recession, fearful of the politics of it, holding onto "we inherited it" and abandoning the stance that raising taxes eventually creates a better economy. Our problem is self inflicted, and Obama and crew are now on the list with plenty of GOP members as well that are contributors to that problem.

[Bondjrno]

Real classy analogy there, way to go. No racism or bigotry at use there, move along, nothing to see.

OK, maybe you take it that way, I'm just saying that our situation is self imposed, that we aren't in deep shit that we can't handle.

The national debt has been over 125% of GDP, and was in the process of being paid down, when this idea that lower taxes would provide higher revenues, "tax dementia", began to infect the minds of Americans. Since then we have racked up a considerable amount of debt, but only because we insist on tax rates that are too low.

[bitymnmictada]

OK, maybe you take it that way, I'm just saying that our situation is self imposed, that we aren't in deep shit that we can't handle.

maybe? Your ranking on religion (equating political stubbornness to religion, which you are clearly presenting as foolish) and use a further specific religion that's popular to throw crap at (those silly jews). It's what you typed but I understand, really I do, it must have been an accident; no one on the left (certainly not a Democrat supporter) would ever use racism or bigotry to advance a viewpoint.

[Bondjrno]

And Obama still would not do it thus making the Bush tax cuts now the Obama tax cuts. Your GOP "no more taxes" rhetoric did not matter at the time, Obama and the left hand the opportunity, control, and ability to set taxes to a level that made sense. But, wasted it. Fearful of the recession, fearful of the politics of it, holding onto "we inherited it" and abandoning the stance that raising taxes eventually creates a better economy. Our problem is self inflicted, and Obama and crew are now on the list with plenty of GOP members as well that are contributors to that problem.

Do you have a point here, or do you just hate Obama and want to blame everything on him?
I never mentioned Obama, and while he did want to preserve the middle class tax cuts (which is a mistake) he did want the top bracket to return the Pre-Bush levels.
But it's the American people who are being willingly deluded into endorsing fiscal suicide, and they go along, they really need to make up their minds, and actually they have, they favor higher spending and lower taxes.

[CatLuvkaLover]

Do you have a point here, or do you just hate Obama and want to blame everything on him?
I never mentioned Obama, and while he did want to preserve the middle class tax cuts (which is a mistake) he did want the top bracket to return the Pre-Bush levels.
But it's the American people who are being willingly deluded into endorsing fiscal suicide, and they go along, they really need to make up their minds, and actually they have, they favor higher spending and lower taxes.

Nice try with the hate Obama rhetoric, probably expected from you. Obama deserves the criticism for for refusing to implement fiscal policy that makes sense and in effect making our problems worse. He has joined those that suggest we can get away with "higher spending and lower taxes" which makes him no better than his predecessor. Few are willing to accept that a fiscal policy that makes sense is lower spending with higher taxes to a point in which we no longer run deficits. Until then expect the problem to only get worse with both sides of the isle playing the typical role.

[HaroldMY]

Oh my God, Social Security will bankrupt the nation, by 1950 at the latest, we just can't afford it.
Medicare will be bankrupt by 1976, we just can't afford it.

We really need to be rational about all this. We could simply raise taxes to levels that are still lower than what people in other countries pay, and balance the budget and pay off the debt. It's only a problem because of the GOP "no more taxes" religious dogma. Like a devout Jew starving to death in a place where pork is plentiful. Our "problem" is self inflicted by the desire to adhere to dogma that has no basis in any kind of rational analysis of the situation.

Yeah Just tax the hell out of everyone. It's massive government spending that causes debt not lack of taxes. You want to elliminate debt quit spending.

[bitymnmictada]

I'd be happy enough with a slight increase in taxes to pay down what the nation owes as long as congress didn't hike up the entire budget to meet the perceived tax increase.

Until fiscal responsibility actually arrives there no reason at all to allow the thieve to get their hands deeper in our pockets.

[Bondjrno]

maybe? Your ranking on religion (equating political stubbornness to religion, which you are clearly presenting as foolish) and use a further specific religion that's popular to throw crap at (those silly jews). It's what you typed but I understand, really I do, it must have been an accident; no one on the left (certainly not a Democrat supporter) would ever use racism or bigotry to advance a viewpoint.

I think maybe you see a lot racism, but maybe it's just the reflection of your own racism. People have starved to death from self imposed dietary restrictions, perhaps I should have used the example of the Greenland Norse, who actually did starve themselves into extinction, by refusing to eat fish, while living next to one of the most abundant fisheries in the world.

But go off on a tangent and attack me as a racist, it only proves that you have nothing of any value to say regarding the thread itself.

[bitymnmictada]

I think maybe you see a lot racism, but maybe it's just the reflection of your own racism.

That's simply pathetic.



But go off on a tangent and attack me as a racist, it only proves that you have nothing of any value to say regarding the thread itself. Actually I did add a point of value: I was pointed out your analogy was filth.

I also commented elsewhere on the thread as to how raising taxes with fiscal responsibility would be sensible and I managed to do it without having to spit on anyone's faith.