Bush may raise taxes to save S.S.

[Darkhawk28]

Darn those tax and spend liberals!

Seriously, raising taxes across the board isn't neccessary. Raising the cap to match certain economic factors WOULD do it.


GOP sen.: W may raise taxes to save Soc Sec
WASHINGTON - President Bush is so worried about Social Security, he'd back raising taxes and cutting benefits to ensure the program's solvency, a leading Republican said yesterday.
Nothing is off the bargaining table, promised Senate Finance Committee Chairman Chuck Grassley (R-Iowa).

"The answer is yes," Grassley replied on NBC's "Meet the Press," on whether Bush would sign a reform bill that upped taxes and cut benefits if it included private investment accounts. "And not only that, but, listen, the alternative of doing nothing is also a benefit cut."

Bush knows that "personal accounts will not solve the problem," Grassley said, adding that "there are 100 moving parts" to Social Security reform.

Bush administration officials wouldn't comment on Grassley's startling comments about a President known for tax cuts, and whose father infamously broke his pledge not to raise taxes.

Bush is glad the debate on reforming the system has begun, and "we're not going to address hypotheticals," said White House spokesman Taylor Gross.

Democrats swore Congress wouldn't move Bush's Social Security effort anytime soon. "I'm telling you now, Social Security reform by the President is dead, and he killed it," said Rep. Charles Rangel (D-Harlem).

Even Republicans are split on whether the plan should be pushed now. Senate Majority Leader Bill Frist (R-Tenn.) agreed yesterday with House Speaker Dennis Hastert (R-Ill.), who said recently that the country may not be ready.

"What we need to do is really demonstrate the reality of the problem," Frist told "Fox News Sunday."

 

[conjur]

"Read my lips"

 

[Darkhawk28]

Originally posted by: conjur
"Read my lips"

Oh, but Jerry, c'mon... Bush 1 told the truth....

He didn't make any new taxes, he just raised the old ones.

 

[BBond]

I can't help but notice they mentioned raising taxes but they didn't mention raising the FICA cap on income. :roll:

They can't go raising taxes on those wealthy people who can afford it, now can they?

But I'm sure their tireless Bush defense team, average Americans who will be hurt by every plan Bush has proposed so far, will continue to make excuses for these thieves.

 

[conjur]

Originally posted by: BBond
I can't help but notice they mentioned raising taxes but they didn't mention raising the FICA cap on income. :roll:

They can't go raising taxes on those wealthy people who can afford it, now can they?

But I'm sure their tireless Bush defense team, average Americans who will be hurt by every plan Bush has proposed so far, will continue to make excuses for these thieves.

See my post (the last one - currently) in this thread:
http://forums.anandtech.com/messageview.aspx?catid=52&threadid=1508284

 

[digitalsm]

:roll:

Nothing Bush can do will make anyone happy.

Frankly its time for the US to wake the fvck up and realise we ARE on an unsustainable path, and the only way to go about fixing it is across the board tax hikes and across the board spending cuts. Real spending cuts.

The US is over extended, over committed, and will be in a major financial crisis within 50 years. Social Security is just a tiny part of the problem.

 

[Darkhawk28]

Originally posted by: digitalsm
:roll:

Nothing Bush can do will make anyone happy.

Frankly its time for the US to wake the fvck up and realise we ARE on an unsustainable path, and the only way to go about fixing it is across the board tax hikes and across the board spending cuts. Real spending cuts.

The US is over extended, over committed, and will be in a major financial crisis within 50 years. Social Security is just a tiny part of the problem.

Agreed, Social Security right now is a small problem. Our imperialistic agenda is our biggest, financially and ethically.

 

[digitalsm]

Originally posted by: BBond
I can't help but notice they mentioned raising taxes but they didn't mention raising the FICA cap on income. :roll:

They can't go raising taxes on those wealthy people who can afford it, now can they?

But I'm sure their tireless Bush defense team, average Americans who will be hurt by every plan Bush has proposed so far, will continue to make excuses for these thieves.

Last I checked, everything was on the table, except for raising payroll taxes. So you are wrong.

If congress acted, and took it out of Bush's hands, this would be over. Instead republicans and democrats in congress bleat on and on. Do your fvcking jobs already god damn it.

 

[digitalsm]

Originally posted by: Darkhawk28

Originally posted by: digitalsm
:roll:

Nothing Bush can do will make anyone happy.

Frankly its time for the US to wake the fvck up and realise we ARE on an unsustainable path, and the only way to go about fixing it is across the board tax hikes and across the board spending cuts. Real spending cuts.

The US is over extended, over committed, and will be in a major financial crisis within 50 years. Social Security is just a tiny part of the problem.

Agreed, Social Security right now is a small problem. Our imperialistic agenda is our biggest, financially and ethically.

You're a tool. The war in Iraq isnt even close to being a the biggest financial problem. Its on the same scale as social security.

 

[Darkhawk28]

Originally posted by: digitalsm

Originally posted by: Darkhawk28

Originally posted by: digitalsm
:roll:

Nothing Bush can do will make anyone happy.

Frankly its time for the US to wake the fvck up and realise we ARE on an unsustainable path, and the only way to go about fixing it is across the board tax hikes and across the board spending cuts. Real spending cuts.

The US is over extended, over committed, and will be in a major financial crisis within 50 years. Social Security is just a tiny part of the problem.

Agreed, Social Security right now is a small problem. Our imperialistic agenda is our biggest, financially and ethically.

You're a tool. The war in Iraq isnt even close to being a the biggest financial problem. Its on the same scale as social security.

$400 billion dollars would've gone a hell of a long way to suring up S.S. for a long time. But nevermind that, right?

YAY!!! 3000 posts!!! Diamond Member!!!!

 

[BBond]

Uh huh. Afraid to raise taxes but unafraid to cut 154 programs which will save only $20 billion. A drop in the bucket in comparison to the Bush deficit.

The true Bush agenda revealed. He doesn't give a hoot about deficits. He's using the deficit as an excuse to cut programs he disagrees with which will barely have an effect on the problems he has created. Just as he did with 9/11, Bush is perverting the facts to fulfill his agenda.

What a disgrace.

 

[Hayabusa Rider]

I would bet the war has cost close to a trillion dollars when you factor the increased cost of oil, lost wages etc.

Maybe a trillion isnt real money these days.

 

[dannybin1742]

why don't they just repeal the bush tax cut? seems like the most logical thing to me, its not like it would affect anyone in the middle to low class, they barely saw any of it.

 

[BBond]

Originally posted by: digitalsm

Originally posted by: Darkhawk28

Originally posted by: digitalsm
:roll:

Nothing Bush can do will make anyone happy.

Frankly its time for the US to wake the fvck up and realise we ARE on an unsustainable path, and the only way to go about fixing it is across the board tax hikes and across the board spending cuts. Real spending cuts.

The US is over extended, over committed, and will be in a major financial crisis within 50 years. Social Security is just a tiny part of the problem.

Agreed, Social Security right now is a small problem. Our imperialistic agenda is our biggest, financially and ethically.

You're a tool. The war in Iraq isnt even close to being a the biggest financial problem. Its on the same scale as social security.

You miss the entire point. Bush's unprovoked attack on Iraq is a completely unnecessary waste of over $200 BILLION SO FAR WITH NO END IN SIGHT.

He's throwing away all those billions in Iraq while he cuts programs for U.S. taxpayers. He cried wolf over Iraq and he's crying wolf over Social Security as he wastes hundreds of billions in Iraq.

Then the smarmy jerk uses the deficit HE CREATED to cut programs which amount to only a $20 billion savings.

Don't you know when you've been had? If not let me tell you, you've been had. 😉

 

[Darkhawk28]

Originally posted by: dannybin1742
why don't they just repeal the bush tax cut? seems like the most logical thing to me, its not like it would affect anyone in the middle to low class, they barely saw any of it.

Hit the nail on the head.

 

[conjur]

Originally posted by: dannybin1742
why don't they just repeal the bush tax cut? seems like the most logical thing to me, its not like it would affect anyone in the middle to low class, they barely saw any of it.

Or, at the least, just not make the tax cuts permanent. Let them expire.

 

[digitalsm]

Originally posted by: Darkhawk28

Originally posted by: digitalsm

Originally posted by: Darkhawk28

Originally posted by: digitalsm
:roll:

Nothing Bush can do will make anyone happy.

Frankly its time for the US to wake the fvck up and realise we ARE on an unsustainable path, and the only way to go about fixing it is across the board tax hikes and across the board spending cuts. Real spending cuts.

The US is over extended, over committed, and will be in a major financial crisis within 50 years. Social Security is just a tiny part of the problem.

Agreed, Social Security right now is a small problem. Our imperialistic agenda is our biggest, financially and ethically.

You're a tool. The war in Iraq isnt even close to being a the biggest financial problem. Its on the same scale as social security.

$400 billion dollars would've gone a hell of a long way to suring up S.S. for a long time. But nevermind that, right?

YAY!!! 3000 posts!!! Diamond Member!!!!

Hell of a long way? Maybe 1/10.... But like I said, Iraq and Socail Security are relatively smalled to other matters.

Anyone that thinks the US can survive the next 50 years as is clearly dumb. Drastic spending cuts and tax hikes will have to be done

Of course republicans oppose tax hikes, and democrats oppose spending cuts. Personally Id like to see it done now, and not in 20 years when it will unfairly screw over younger generations. Younger generations are already going to be screwed, doing nothing screws them over even more.

 

[Darkhawk28]

Originally posted by: conjur

Originally posted by: dannybin1742
why don't they just repeal the bush tax cut? seems like the most logical thing to me, its not like it would affect anyone in the middle to low class, they barely saw any of it.

Or, at the least, just not make the tax cuts permanent. Let them expire.

If they're made permanent, geez louise, our debt's going to skyrocket and interest rates are going to go through the roof. Double-digits anybody?

 

[digitalsm]

Originally posted by: BBond

Originally posted by: digitalsm

Originally posted by: Darkhawk28

Originally posted by: digitalsm
:roll:

Nothing Bush can do will make anyone happy.

Frankly its time for the US to wake the fvck up and realise we ARE on an unsustainable path, and the only way to go about fixing it is across the board tax hikes and across the board spending cuts. Real spending cuts.

The US is over extended, over committed, and will be in a major financial crisis within 50 years. Social Security is just a tiny part of the problem.

Agreed, Social Security right now is a small problem. Our imperialistic agenda is our biggest, financially and ethically.

You're a tool. The war in Iraq isnt even close to being a the biggest financial problem. Its on the same scale as social security.

You miss the entire point. Bush's unprovoked attack on Iraq is a completely unnecessary waste of over $200 BILLION SO FAR WITH NO END IN SIGHT.

He's throwing away all those billions in Iraq while he cuts programs for U.S. taxpayers. He cried wolf over Iraq and he's crying wolf over Social Security as he wastes hundreds of billions in Iraq.

Then the smarmy jerk uses the deficit HE CREATED to cut programs which amount to only a $20 billion savings.

Don't you know when you've been had? If not let me tell you, you've been had. 😉

Its hilarious, you obviously dont know much. $20billion is chump change. There WILLneed to be spending cuts of several hundred billion in the future. Hopefully sooner, rather than later. And these spending cuts and tax hikes, dont have anything to do with the fiscal policy of the Bush admin. They would still be needed without the Iraq war.

 

[umbrella39]

Originally posted by: conjur
"Read my lips"

Yep, read my lips, BOOOOO!!!! Scare tactics and this admin are close friends indeed.

 

[digitalsm]

Originally posted by: Darkhawk28

Originally posted by: dannybin1742
why don't they just repeal the bush tax cut? seems like the most logical thing to me, its not like it would affect anyone in the middle to low class, they barely saw any of it.

Hit the nail on the head.

Wow that might, barely, solve one, a small one, of many problems.

Just repealing the tax cuts arent going cut it.

While democrats are republicans bitch and moan about all this stuff now. Eventually, the hard choices will be forced upon the US. And it will screw over todays younger generations.

 

[umbrella39]

Originally posted by: digitalsm
:roll:

Nothing Bush can do will make anyone happy.

Frankly its time for the US to wake the fvck up and realise we ARE on an unsustainable path, and the only way to go about fixing it is across the board tax hikes and across the board spending cuts. Real spending cuts.

The US is over extended, over committed, and will be in a major financial crisis within 50 years. Social Security is just a tiny part of the problem.

The problem will fix itself when Bush is removed from office and we can get a moderate from either party in the White House. I hope these last 4 years have shown you never to elect a neoconservative.

 

[digitalsm]

Originally posted by: umbrella39

Originally posted by: digitalsm
:roll:

Nothing Bush can do will make anyone happy.

Frankly its time for the US to wake the fvck up and realise we ARE on an unsustainable path, and the only way to go about fixing it is across the board tax hikes and across the board spending cuts. Real spending cuts.

The US is over extended, over committed, and will be in a major financial crisis within 50 years. Social Security is just a tiny part of the problem.

The problem will fix itself when Bush is removed from office and we can get a moderate from either party in the White House. I hope these last 4 years have shown you never to elect a neoconservative.

Sorry, come again. The problem will still be there. It was there before Bush took office, or Clinton for that matter. Has Bush made the problem worse? Yeah, but by a drop in the bucket on the grand scheme of things.

 

[Darkhawk28]

Originally posted by: digitalsm

Originally posted by: Darkhawk28

Originally posted by: dannybin1742
why don't they just repeal the bush tax cut? seems like the most logical thing to me, its not like it would affect anyone in the middle to low class, they barely saw any of it.

Hit the nail on the head.

Wow that might, barely, solve one, a small one, of many problems.

Just repealing the tax cuts arent going cut it.

While democrats are republicans bitch and moan about all this stuff now. Eventually, the hard choices will be forced upon the US. And it will screw over todays younger generations.

Bush's plan won't work. Bush even admitted that himself (as far as securing S.S.). Let's get the C.B.O., the GAO, Greenspan, some moderate Dems, some moderate Reps together and hammer out a REAL solution. The Dems are willing to do it, but not by framing around this abortion of a bill Bush is flaunting around.

Social Security is fine until around 2042 or so, but I agree, let's tweak it again every so often to ensure its longevity. But Bush's bill isn't about tweak, it's about destroying.

 

[umbrella39]

Originally posted by: digitalsm

Originally posted by: umbrella39

Originally posted by: digitalsm
:roll:

Nothing Bush can do will make anyone happy.

Frankly its time for the US to wake the fvck up and realise we ARE on an unsustainable path, and the only way to go about fixing it is across the board tax hikes and across the board spending cuts. Real spending cuts.

The US is over extended, over committed, and will be in a major financial crisis within 50 years. Social Security is just a tiny part of the problem.

The problem will fix itself when Bush is removed from office and we can get a moderate from either party in the White House. I hope these last 4 years have shown you never to elect a neoconservative.

Sorry, come again. The problem will still be there. It was there before Bush took office, or Clinton for that matter. Has Bush made the problem worse? Yeah, but by a drop in the bucket on the grand scheme of things.

Oh come now 🙂 If Clinton could be the Perma-President and were still in office today serving his 4th term, SS would not even be on the plate right now 😉