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Originally posted by Aim64C
What comprises the vast majority of our budget in today's world? Paying social security, welfare, medicare, and medicaid checks.
Explain again how eliminating solvant programs...programs that collect equal to or greater than they pay out, and which are forecasted to do so for the next decade at the minimum...how that would effect the deficet?
If we eliminated them, would we not eliminate also the Social Security and Medicare tax? Or do we keep them on the books and hope taxpayers don't notice?
All of those programs represent 40% of the Govs annual spend...but guess what it also represents about 40% of what the gov. collects.
You know what the biggest UNPAID expense is on the books? WAR...no question about it.
Safety net programs: About 14 percent of the federal budget in 2010, or $496 billion, went to support programs that provide aid (other than health insurance or Social Security benefits) to individuals and families facing hardship.
Medicare, Medicaid, and CHIP: Three health insurance programs — Medicare, Medicaid, and the Children’s Health Insurance Program (CHIP) — together accounted for 21 percent of the budget in 2010, or $732 billion.
Social Security: Another 20 percent of the budget, or $707 billion,
Defense and security: In 2010, some 20 percent of the budget, or $705 billion, paid for defense and security-related international activities.
The total also includes the cost of supporting operations in Iraq and Afghanistan, which totaled $170 billion in 2010.
Originally posted by Aim64C
All of those programs represent 40% of the Govs annual spend...but guess what it also represents about 40% of what the gov. collects.
Nope. Not even close. Try again.
www.nytimes.com...
articles.businessinsider.com...
www.hoover.org...
mises.org...
You know what the biggest UNPAID expense is on the books? WAR...no question about it.
You're full of fecal matter.
www.cbpp.org...
Safety net programs: About 14 percent of the federal budget in 2010, or $496 billion, went to support programs that provide aid (other than health insurance or Social Security benefits) to individuals and families facing hardship.
Medicare, Medicaid, and CHIP: Three health insurance programs — Medicare, Medicaid, and the Children’s Health Insurance Program (CHIP) — together accounted for 21 percent of the budget in 2010, or $732 billion.
Social Security: Another 20 percent of the budget, or $707 billion,
While Social Security payouts did exceed revenues for the first time last year, the Social Security Trust Fund presently enjoys a surplus of $2.6 trillion and is expected to remain solvent in its current form until 2037, according to its trustees report.
Originally posted by UnrelentingLurker
i think they are both frustrated at the same thing.
one group seems to have a bit sharper understanding as to what caused that frustration, but hopefully each group will be able to put there heads together and come out united in the end.
its a fragile divide and conquer attempt that can easily backfire if done right.
Originally posted by mutatismutandis
Occupy Wall Street already more popular in its early stages than the Tea Party ever was, and the polls prove it!
A recent time magazine poll:
www.businessinsider.com...
(Link to the poll in the article)
A recent Time magazine poll shows 54% of americans polled rated the Occupy Wall Street protests highly, with 25% saying they are very favorable to them.
The Tea Party support was 27% found them to be favorable, while 33% polled were unfavored, 24% of which said they were highly unfavored.
Even at the peak of the Tea Party there was only a 41% support for the movement. With Occupy Wall still in its early stages, its showing signs to far surpass those of the Tea Party supporters.
Originally posted by gwydionblack
reply to post by mutatismutandis
More than half of this country is stupid and uneducated. Occupy Wall Street has clearly made their political ties known by this point - they are the extreme left and they are doing well to hide that fact to the common man.
I wonder how many people would be in support if they knew how many Communists and Anarchist were a part of the Occupy movement, and once educated, how gone their free system would be if their ideas came to pass.
Your numbers, by the way, are cleverly made to look like support for the Tea Party was dimmed because you didn't use the same statistics as you did with Occupy Wall Street. Allow me to correct that for you.
Tea Party Favorable: 27%
Occupy Favorable: 25%
Tea party wins in favorability.
Tea Party Unfavored: 33%
Occupy Unfavored: Unknown
No way to determine winner.
Tea Party Highly Unfavored: 24%
Occupy Highly Unfavored: Unknown
No way to determine winner.
Tea Party Total Unfavored: 57%
Occupy Total Unfavored: 46%
Occupy wins in total unfavored, but not by much.
Do note also that there is a margin of error for all polls, quite simply because 100-1000 people do not speak for the majority. Therefore, your assumption that the Occupy movements have more support than the Tea Party is erroneous and unfounded based on these very close number.
Originally posted by projectvxn
Thank god I don't care about popularity.
I care about principle.
Again you are talking about programs that are PAID FOR.
Social Security has nothing to do with the deficit
And maybe you can tell me again...looking at BOTH spending aAND earmarked income for Medicaid, Social Security and Medicare..what the cost is to the federal budget?
Originally posted by squidboy
reply to post by mutatismutandis
When will people understand that the Tea Party Vs the Occupy/99 Movement is nothing more then an attempt by MSM and TPB to separate us even further.
We are are all pissed. We are all becoming aware that the system is broken. Yet, we are too naive to realize that the groups that are pissed are being culled into herds by those in Power? The right hi jacked the Tea Party, and the Left is trying to Hi Jack the 99 movement, and slowly it is working.
It's incredibly sad.
I support the call for action for Protest during said times, but to try and split the masses is just another attempt to Control us and make us just continue to fight each other, while the Power structure just sits, laughs, and grows stronger...
Originally posted by Aim64C
By 2016 it will be insolvent and will never again recover.
Originally posted by Indigo5
Originally posted by Aim64C
By 2016 it will be insolvent and will never again recover.
Let's skip to the bottom line...you just acknowledged that Social Security is presently solvent....so how is it adding to the deficet right now? Even if during the worst financial crisis in almost a century, the fund runs a brief deficet, it has surplus right now.
When it it will fail depends on a lot of different and debatable factors. But sticking to what we KNOW...it is not losing money now, it has a surplus.
By your own admission SS is NOT CONTRIBUTING to the DEFICET NOW!! You are now arguing about the future.
A long way off from your initial position that it was the largest expense in the budget...glad that you now understand it is a "FUNDED EXPENSE".
Claiming it is a deficet driver ..RIGHT NOW... is like a friend giving you money to buy a case a of beer, you go and buy the case of beer and deliver it to him, and then you complain about the money you spent??? Claiming it adds to your debt???
And eliminating Social Security...means no longer either collecting or spending those funds...budget neutral.
What it DOES DO is give investment banks the opportunity of the century to get thier hands on those Trillions in retirement funds!!! Happy, Greedy Days are here again!!! Let's gamble!! Hey...it's not our money! That whole financial market collapse thing was just some bad luck..
Originally posted by AGWskeptic
If there is a surplus why did Obama say that checks couldn't go out due to lack of funds.
There may be a room full of congressional IOU's, but the money is long gone.
By your own admission SS is NOT CONTRIBUTING to the DEFICET NOW!! You are now arguing about the future.
A long way off from your initial position that it was the largest expense in the budget...glad that you now understand it is a "FUNDED EXPENSE".
Claiming it is a deficet driver ..RIGHT NOW... is like a friend giving you money to buy a case a of beer, you go and buy the case of beer and deliver it to him, and then you complain about the money you spent??? Claiming it adds to your debt???
Ending Social Security is an easy way for the Government to not have to honor it's debts.
Social Security status-quo defenders have assured us for the past 25 years that Social Security is fully funded—for the next 25 years, or 2036. So if there are real assets in the Social Security Trust Fund—$2.6 trillion allegedly—then how could failure to reach a debt-ceiling agreement possibly threaten seniors’ Social Security checks?
The answer is that the federal government has borrowed all of that trust fund money and spent it, exactly as Krauthammer asserted. And the only way the trust fund can get some cash to pay Social Security benefits is if the federal government draws it from general revenues or borrows the money—which, of course, it can’t do because of the debt ceiling.
And here’s the real irony: Anytime someone has proposed personal Social Security retirement accounts as a way to ensure that people have real assets in their own account without bankrupting the government or future generations, defenders of the status quo would pounce, calling such a reform, in Al Gore’s words, a “risky scheme.” They have vociferously claimed that those trust fund assets are real and that only by having the government manage and control the accounts would seniors be guaranteed to get their retirement checks.
Yes, the accounts likely would have declined when the stock market went down, though not if the reform were structured like three Texas counties did 30 years ago (see here). But in case you haven’t noticed, Social Security revenues also declined during the economic downturn—because fewer people were working—so that the government is paying out more in benefits than it is taking in, and hence needing additional federal revenues, a fact admitted by Lew.