You lost the election, you're going to lose on the fiscal cliff

Discussion in 'Politics' started by L-Kabong, Dec 17, 2012.

  1. It's true that Entitlement funding is projected solvent for Medicare for a another decade, and for SS, at until 2045(?).
    This is based on projected cash flows from taxes and the current trust funds (held almost principally in T-Bills, which for some, is a central issue). But Medicare expenses are mandatory expenditures, that is, the Executive branch can't exercise budgetary discretion (although they can tinker around the edges, by administration of billing, prevent fraud, deny frivolous claims, etc) Demographic projections show Medicare expenses ballooning beyond funding capacity into tens of trillions over the next 50 years, and Social Security to a lesser extent. This is why entitlement reform ought to begin to be structured now. We may not have to cut expenses at the present, but we must lay down a framework to rein in expenses over the long run. And it will probably have to include more efficient healthcare delivery, greater preventive healthcare, the slowing of the rate of growth of medical costs, and lastly, a sober assessment of what the entitlement programs will be able to do and should do for future generations of retirees, a frank discussion over what is reasonable healthcare and retirement expenses, and what is a reasonable and economically viable revenue sourcing from the working generations.

    A forward thinking adult would not wait to consider their children's' college expenses until the eve of their high school graduation. We have to multiply that mentality across the fabric of the country.

    Entitlement spending will have to shrink in the future versus projections simply because it will have to: there won't be the money to maintain the current status quo so better tackle it now.

    lastly, I agree Piezoe, the budget has to be attacked with a good sized machete.
     
    #61     Dec 19, 2012
  2. Hey Bro, I sincerely apologize to you as well. I don't know nor care who started the melee.
     
    #62     Dec 19, 2012
  3. Apology accepted but perhaps you shouldn't post down here because you don't seem able to control yourself.
     
    #63     Dec 19, 2012
  4. Tsing Tao

    Tsing Tao

    Just take the apology in the spirit it was given. There are plenty of posts, by ALL of us, where we let ourselves get out of control.
     
    #64     Dec 20, 2012
  5. Actually Tsing, you have shown a good deal of restraint. Your angriest moment was when you were going to disown the liberals in your family.
     
    #65     Dec 20, 2012
  6. Tsing Tao

    Tsing Tao

    Going to? I still haven't spoken with my mother or step-father, and I don't intend to. I did send them a Christmas card from the family (my wife and son) and I did sign it. But I won't interact with them any more, and I canceled my trip there for the holidays. We're going to Disney instead, just the three of us.

    I meant all I said in that thread.

    I rarely say anything I do not mean, even when I'm furious. The only thing anger does to me is remove the censor on my tongue.
     
    #66     Dec 20, 2012
  7. You're stupid and I mean that.
     
    #67     Dec 20, 2012
  8. Tsing Tao

    Tsing Tao

    Every time you, or your moonbat associates calls me stupid, or tells me my thinking is insane or off base, or whatever, I feel even more vindicated that I have chosen correctly.

    When you guys start agreeing with me and my actions is when I need to question what I'm doing.

    As for genuine IQ, I'd put mine up against yours every day of the week and twice on Sunday.
     
    #68     Dec 20, 2012
  9. I made you feel vindicated? I didn't realize I had that control over your emotions, thanks tao.
    You'd probablly fail in the IQ challange, maybe not but probably.

    Edit: The stupid remark was about your actions you've posted about here not you're actual IQ.
     
    #69     Dec 20, 2012
  10. BSAM

    BSAM

    Everything you post is 100% correct, brother Tao.
    I don't believe in gun control of any kind.
    I think a person should buy as many assault rifles as he pleases.
    Whatever was written in 1776 applies today. ;>)
     
    #70     Dec 20, 2012