05 Apr 2013, 9:37 am
http://abcnews.go.com/blogs/politics/20 ... -the-note/
Quote:
White House officials say the budget President Obama will unveil next week will included proposed cuts to Medicare (by increasing premiums for wealthier retirees) and Social Security (by reducing annual cost of living increases).
05 Apr 2013, 9:50 am
ArrantPariah wrote:
http://abcnews.go.com/blogs/politics/2013/04/budget-battle-ahead-the-note/
Quote:
White House officials say the budget President Obama will unveil next week will included proposed cuts to Medicare (by increasing premiums for wealthier retirees) and Social Security (by reducing annual cost of living increases).
Stop complaining. The economic hens are coming home to roost. The country is going bankrupt. Actually, it is bankrupt. We have a debt that cannot be repaid and at some point we are going to repudiate it. Either that or our great grandchildren will work their entire lives just paying the interest on our foolishness.
ruveyn
05 Apr 2013, 11:18 am
thomas81
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Joined: 2 May 2012
Age: 42
Gender: Male
Posts: 5,147
Location: County Down, Northern Ireland
05 Apr 2013, 11:22 am
05 Apr 2013, 12:33 pm
ruveyn wrote:
ArrantPariah wrote:
http://abcnews.go.com/blogs/politics/2013/04/budget-battle-ahead-the-note/
Quote:
White House officials say the budget President Obama will unveil next week will included proposed cuts to Medicare (by increasing premiums for wealthier retirees) and Social Security (by reducing annual cost of living increases).
Stop complaining. The economic hens are coming home to roost. The country is going bankrupt. Actually, it is bankrupt. We have a debt that cannot be repaid and at some point we are going to repudiate it. Either that or our great grandchildren will work their entire lives just paying the interest on our foolishness.
ruveyn
Debt is not a bad thing, as long as its size is managed such that interest payments are not excessive. I doubt the U.S. has ever been debt free. I imagine the same is true for just about every other country. Its unlikely the U.S. or any other country ever will be debt free. If we could just hold the line - get the budget deficit to zero, keep the size of the debt where it is and pay the interest on it, eventually inflation will devalue the debt that we've already accumulated.
05 Apr 2013, 6:16 pm
05 Apr 2013, 6:27 pm
05 Apr 2013, 6:43 pm
Problem, US budget?
05 Apr 2013, 10:00 pm
ArrantPariah wrote:
http://abcnews.go.com/blogs/politics/2013/04/budget-battle-ahead-the-note/
Quote:
White House officials say the budget President Obama will unveil next week will included proposed cuts to Medicare (by increasing premiums for wealthier retirees)
What a tragedy. God forbid a 70 year old millionaire is unable to buy a 3rd cadillac
06 Apr 2013, 10:32 am
06 Apr 2013, 12:15 pm
06 Apr 2013, 12:32 pm
10 Apr 2013, 4:54 am
ruveyn wrote:
ArrantPariah wrote:
http://abcnews.go.com/blogs/politics/2013/04/budget-battle-ahead-the-note/
Quote:
White House officials say the budget President Obama will unveil next week will included proposed cuts to Medicare (by increasing premiums for wealthier retirees) and Social Security (by reducing annual cost of living increases).
Stop complaining. The economic hens are coming home to roost. The country is going bankrupt. Actually, it is bankrupt. We have a debt that cannot be repaid and at some point we are going to repudiate it. Either that or our great grandchildren will work their entire lives just paying the interest on our foolishness.
ruveyn
Sorry, but its simply weird for me. If you have no money for medical treatment: WHY THE HELL DO YOU STILL HAVE A MILITARY BUDGET? I mean if my family was starving and sick and I couldnt pay the treatment costs for them....the last thing on earth that I would do, was thinking of buying me a weapon with the money I dont have. Or I have the money, then I can support my family. But as long as my family is starving and sick, because of me claiming to have no money, I cant buy other stuff then that that has first priority. And this is not a weapon, as long as my child needs to go to a hospital.
If you were dying because of an infected appendix and your partner would waste your money to buy herself an M16, you would ask if shes crazy.
12 Apr 2013, 5:23 pm
12 Apr 2013, 7:18 pm
12 Apr 2013, 9:18 pm
GGPViper wrote:
Problem, US budget?
The biggest problem with our budget is our silly healthcare system. Medicare is a very lucrative bubble for certain people. The money the government spends doesn't just disappear into a hole. Someone is milking it for all it's worth. Our healthcare costs are legalized fraud.
