Is there still hope for the US?

[JSt0rm]

You will never, ever, never, ever get the bolded part through any Congress, lol! :biggrin:

He wants a deflationary environment so his retirement is worth more. I think a lot of boomers are gonna come around to this idea - and demand it.

 

[Engineer]

He wants a deflationary environment so his retirement is worth more. I think a lot of boomers are gonna come around to this idea - and demand it.

Then maybe while we are cutting (and expected to take cuts ourselves on future entitlements), we can cut some of the current entitlement generations funds. Think they would mind that?

 

[JSt0rm]

Then maybe while we are cutting (and expected to take cuts ourselves on future entitlements), we can cut some of the current entitlement generations funds. Think they would mind that?

What cuts have been taken? All proposed cuts wont start until the baby boomers are dead. Having the .gov stop spending money will increase the chances of deflation. Thank god the fed isnt run by the politicians.

 

[JSt0rm]

oh and who is the current entitlement generation? The babyboomers get more entitlements then anyone. And why shouldnt they? They get to vote themselves whatever they want.

 

[Engineer]

oh and who is the current entitlement generation? The babyboomers get more entitlements then anyone. And why shouldnt they? They get to vote themselves whatever they want.

Anyone who is on it or getting ready to be on it in the next few years (ala babyboomers). Also, notice how any proposed cuts will not effect them, only the generation behind them.....you know, the ones who have paid FULL rate (not the pre 83 cut rate) into the system.

 

[Slew Foot]

Looks like the OP ran away when he got called out as being a part of the problem.


Cliffs for those who dont know:
FBB does some sort of photography, made a half assed attempt at hiring an assistant for $10/hr on craigslist, decided they sucked after not really interviewing them, and then offshored the work.

 

[Jaskalas]

Maybe it's time to split us up. Ie, we'll take the west coast you and guys can have the rest.

That may be a requirement to defeating our two party disease. Once split they'd be free to fragment into halves. We could reconnect with four parties later after they've established their new voting blocks.

BTW, you don't just have the West coast, you also have the Northeast.

 

[JSt0rm]

Anyone who is on it or getting ready to be on it in the next few years (ala babyboomers). Also, notice how any proposed cuts will not effect them, only the generation behind them.....you know, the ones who have paid FULL rate (not the pre 83 cut rate) into the system.

Are you fucking kidding me? They didnt pay full rates in SS until 1983? Fuck me.

 

[Engineer]

Are you fucking kidding me? They didnt pay full rates in SS until 1983? Fuck me.

Yep. Reagan and Congress of the time saw the shortfall and increased SS rates in 1983 to build the "trust fund" to make sure that there were no shortfalls.

Edit: Looks like the rate has been changed many times over the course of it's history. Most recently, a temporary 2% reduction (from 6.2 to 4.2%) of the employee portion was implemented by Obama. Of course, that happening when SS was already bleeding red is a dream for someone who wants SS destroyed/cut.

http://www.socialsecurityreform.org/history/index.cfm

 

[piasabird]

I dont think just having a consumption tax will work. What happens is that in tough times people consume less. It is possible that a consumption tax could be used as part of a comprehensive plan. Just imagine what having to pay a comprehensive tax on a $40,000 car would do.

For instance some kind of a tax on every transaction on the stock market might be needed. This kind of tax would target everyone buying and selling stock equally whether they were rich or not.

 

[Brigandier]

For instance some kind of a tax on every transaction on the stock market might be needed. This kind of tax would target everyone buying and selling stock equally whether they were rich or not.

No that tax would limit the velocity of the computer programs currently used by the financial sector. Haven't you wondered why the market has been up 300 then down 400, then up 350 then down 250? Computers making on the spot trades, high volume, high frequency.

 

[Doppel]

Not only do I want to see the capitol gains tax go to zero, I want NO tax at all on any income from any source. Also, I want no tax on private real property.

Seeing how you brought up China and over sea jobs, can you make a wild guess as to why jobs are going over seas?

Again this post for the lulz?

 

[Drako]

Not only is there hope, but there is change coming :sneaky:

 

[NoStateofMind]

This country is about to go on a growth binge the likes of which this old earth has never seen. It starts with the vote on 6 NOV 2012 and the inauguration of anyone but Bobo, the Post Turtle, on 20 JAN 2013.

I have complete faith in this country.

It's posts like this that boggle the mind. How it could all be one Presidents fault and only needs one President to fix is shortsighted nonsense with unrealistic expectations.

 

[Nemesis 1]

DO the math . If you through the math out sure it can be fixed . But if the Truth of Math stays in the equation . NOT A CHANCE

 

[Nemesis 1]

Is what we need is people representing us . Who are middle class and kept their own house in order . These people understand what it takes to have a 750 credit rating . We have the internet we don't need the Media telling us who to vote for . Find all the people who have done it right in the middle class. Put name in box draw out names and vote them in . whether they want the job or not.

 

[cwjerome]

This is a question asked with seriousness every year since 1776. And I suppose properly so.

Carry on!

 

[Nemesis 1]

This is a question asked with seriousness every year since 1776. And I suppose properly so.

Carry on!

NOT true . We had 1 president who beat the banks . A true American hero.

 

[Lanyap]

Not only is there hope, but there is change coming :sneaky:

 

[Tom]

Anyone who is on it or getting ready to be on it in the next few years (ala babyboomers). Also, notice how any proposed cuts will not effect them, only the generation behind them.....you know, the ones who have paid FULL rate (not the pre 83 cut rate) into the system.

Excuse me ? Baby boomers increased those rates in 83, on themselves, btw, so that we would pay more than our parents for most of our working lives.

That's 28 years we've paid those higher rates, and counting..

Nobody in the next gen has even worked that long..

And the cuts will affect baby boomers, my brother was born in 1960, the proposed cuts will affect him, as an example.

 

[Engineer]

Excuse me ? Baby boomers increased those rates in 83, on themselves, btw, so that we would pay more than our parents for most of our working lives.

That's 28 years we've paid those higher rates, and counting..

Nobody in the next gen has even worked that long..

And the cuts will affect baby boomers, my brother was born in 1960, the proposed cuts will affect him, as an example.

28 years while the rest of us are expected to pay up to 49 (or more) years (Age 18 to 67 or higher). Regardless, if we are expected to take a cut, why would the boomers not be expected to take the same cut? So you're saying that I should pay more my entire life and get back less than someone who has paid in even less than me by far?

Sounds fair....:hmm:

 

[JSt0rm]

fair in the mind of the boomer

 

[Infohawk]

OP followed up on his thread.

It's not too late for the US but it's getting there. The biggest risk right now is people focusing on tax increases or spending decreases when we have much bigger problems namely the complete offshoring of our entire economy.

 

[IGBT]

the US is in a self induced stupor of liberalism. We will hit bottom then the healing and recovery will begin.

 

[Infohawk]

the US is in a self induced stupor of liberalism. We will hit bottom then the healing and recovery will begin.

By that time China would be economically, technologically, and militarily superior to the US and the average US worker would be living a third-world lifestyle.