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Topic:
How would you start to balence the budget? [Locked] |
Sin_of_Onin  Posts: 1,307
Registered: 2005-6-29 08:21:12
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Date Posted:
1/1/00 12:00am
Subject:
How would you start to balence the budget? |
Bjorvald posted:
>> Are you under the impression US debt is worthless?
No, but I am under the impression that the only entity they can sell the debt to is the federal govt itself, which is already in deficit.
So you are suggesting the Federal government doesn't have an outlet to borrow more money?
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Abaddon_Ambrosius Title: Retired Theurgist TL
Posts: 1,674
Registered: 2001-12-21 09:51:39
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Date Posted:
1/1/00 12:00am
Subject:
How would you start to balence the budget? |
Sin_of_Onin posted:
Bjorvald posted:
>> If we do absolutely nothing, SS will not add a dime to the deficit.
Just curious.. since SS is already paying out more than it is collecting and the "lockbox" is empty, where are they getting their funds for continued operation?
Are you under the impression US debt is worthless?
Ask the Greeks of about 7 years ago that question regarding their government debt.
The fact you used the word "worthless"... "worth less"... you're at least inching up to the truth.
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Sin_of_Onin Posts: 1,307
Registered: 2005-6-29 08:21:12
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Date Posted:
1/1/00 12:00am
Subject:
How would you start to balence the budget? |
The best thing to happen to dumbasses who don't understand jack about economics is the Greek mess. Back in the day when they had to try and make people afraid they had to point to Zimbabwe which never really worked to well. Now they scream about Greece.
Go back to the kiddy table AA.
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"Okay... I'm with you fellas" --Delmar
F is for Fake-believe
"We apologise for the inconvenience" --God
"What Jesus fails to appreciate is that it's the meek who are the problem"--Reg
Run, Forrest! Run!
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Abaddon_Ambrosius Title: Retired Theurgist TL
Posts: 1,674
Registered: 2001-12-21 09:51:39
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Date Posted:
1/1/00 12:00am
Subject:
How would you start to balence the budget? |
Wait.
In the next few years we (and you) may have more cases in point.
Italy.
Portugal.
The US? Possible, if we don't turn around.
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In the immortal words of Socrates - "I drank what?"
"God you guys suck at the internet - how can you fail to locate porn?!" - Eternal_Midnight
"Knowing means nothing." - Fat-badger
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Sin_of_Onin Posts: 1,307
Registered: 2005-6-29 08:21:12
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Date Posted:
1/1/00 12:00am
Subject:
How would you start to balence the budget? |
So you are already planning to say stupid crap in the future?
Thanks for the heads up.
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"Okay... I'm with you fellas" --Delmar
F is for Fake-believe
"We apologise for the inconvenience" --God
"What Jesus fails to appreciate is that it's the meek who are the problem"--Reg
Run, Forrest! Run!
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Bobvillas  Posts: 643
Registered: 2008-11-19 12:56:18
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Date Posted:
1/1/00 12:00am
Subject:
How would you start to balence the budget? |
Bjorvald posted:
>> If we do absolutely nothing, SS will not add a dime to the deficit.
Just curious.. since SS is already paying out more than it is collecting and the "lockbox" is empty, where are they getting their funds for continued operation?
It is funded for now.
Expenses began to exceed revenue in the late 70's early 80's and we had to cut benefits, raise tax rates and increase the full retirement age.
It is fairly stable, however the pay-as-you-go funding structure will need us to make similar changes in the near future.
Really it is not a huge concern but one that will need changes to remain where it is.
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Date Posted:
1/1/00 12:00am
Subject:
How would you start to balence the budget? |
You could balance it in 10 years by cutting the rate of growth in ALL programs. Then you'd have to put in cost containing measures for things that generally have higher growth rates: medical, military, etc. Most programs the feds provide are vital to some group/constiuancy so I'd spread the pain...
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The fact that the internet collective is so overwhelmingly supportive of Ron Paul is proof that he is the champion for idiots! .. Corky_Aloof
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Bjorvald  Posts: 334
Registered: 2002-4-5 20:51:00
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Date Posted:
1/1/00 12:00am
Subject:
How would you start to balence the budget? |
Sin_of_Onin posted:
Bjorvald posted:
>> Are you under the impression US debt is worthless?
No, but I am under the impression that the only entity they can sell the debt to is the federal govt itself, which is already in deficit.
So you are suggesting the Federal government doesn't have an outlet to borrow more money?
Not at all. In fact it is doing that right now because SS is in deficit and the IOUs are due.
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Bjorvald 9lx healer
Blinknone, various toons on classic
GANKED AGAIN
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Sin_of_Onin Posts: 1,307
Registered: 2005-6-29 08:21:12
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Date Posted:
1/1/00 12:00am
Subject:
How would you start to balence the budget? |
Bjorvald posted:
Not at all. In fact it is doing that right now because SS is in deficit and the IOUs are due.
So what are you saying?
-----signature-----
"Okay... I'm with you fellas" --Delmar
F is for Fake-believe
"We apologise for the inconvenience" --God
"What Jesus fails to appreciate is that it's the meek who are the problem"--Reg
Run, Forrest! Run!
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NuEM Posts: 1,007
Registered: 2004-3-2 09:08:11
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Date Posted:
1/1/00 12:00am
Subject:
How would you start to balence the budget? |
Raise taxes on the rich until it's enough to pay off the debt within 25 years.
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