The Iceberg Cometh

[CADsortaGUY]

Originally posted by: Jhhnn
Speaking of "the Truth", CsG, it seems to me that you and the bushies view SS as an ideological problem, rather than as a practical matter, as the memo referenced in the OP rather clearly points out. SS has that socialist tinge that you all seem to despise so much. Nevermind that it has actually worked as intended, or that the only real midterm threat to the program is insolvency in the general fund, which the Admin with their proposed "solution" only seeks to hasten. Nevermind the numbers, either, just keep hammering away about a "crisis"... and a "solution" that doesn't really solve anything at all...

How does borrowing at least $100B/yr for 20 years, starting now, with no planned repayment mechanism work out better than than waiting 15 years to begin paying out or borrowing $3.7T over the following 60 years? Shee-it, Sherlock, we'll have paid over $1T in interest before we finish borrowing that $2T, and will face interest payments of at least $100B/yr at 5% interest thereafter, forever... The $3.7T over 60 years only works out to ~$62B/yr.... and we don't have to make the first payment for 15 years, either... it'll be a small one, at that...

Your arguments only make sense in the "we hate SS and will do anything to kill it" mindset... the proposed cure being worse than the malady.

Uhh, when did I say that we should do anything to kill it? Oh that's right... I didn't. I sure hope it was fun stuffing that straw and then beating it out, but once again you missed the mark.

Again, I want SScam ended and I've proposed a very valid way for it to be done, and yet here you sit accusing me of wanting to end it anyway possible.:roll: I also don't like the partial privatization of SScam because it would continue that program. However, a compromise solution might be somewhere close to that sort of a situation, but until the details of the President's plan are available and things get rolling - all you or I have to go on is speculation about his plan. End it > partial privatization > current course

Got it?

CsG

 

[Jhhnn]

Yeh, "a very valid way", CsG, based on just borrowing more money, very expensive and counterproductive amounts of more money. Which, as has been pointed out many times in many ways, isn't a "solution" at all. Any Bush proposal other than increasing revenue and/or cutting benefits will have to do the same...

But, go on, join the chanting. While you're at it, find some way to convince us that the collapse of federal fiscal integrity won't have any effect on the markets, either, and that the value of your private investments won't go down the flusher along with it...

 

[CADsortaGUY]

Originally posted by: Jhhnn
Yeh, "a very valid way", CsG, based on just borrowing more money, very expensive and counterproductive amounts of more money. Which, as has been pointed out many times in many ways, isn't a "solution" at all. Any Bush proposal other than increasing revenue and/or cutting benefits will have to do the same...

But, go on, join the chanting. While you're at it, find some way to convince us that the collapse of federal fiscal integrity won't have any effect on the markets, either, and that the value of your private investments won't go down the flusher along with it...

Yep:roll: continue to make unfounded accusations if you wish but I have presented a viable alternative to this whole issue. You seem to want to keep this scam going - well good for you - many of us think it needs to go, or atleast be completely reformed. It's going to be devastating if we don't address this crisis now.

Anyway, keep defending your failed socialist scam if it keeps your sheets dry.

CsG

 

[Bowfinger]

Originally posted by: CADsortaGUY
Again you don't understand(or just plain refuse) that SScam is in crisis. It is a crisis that will soon spell disaster as noted by not only Bush, but the Democrats led by Clinton.

So do you or do you not think Bush is making up this SS crisis?
Do you or do you not think Bush is fabricating this SS crisis?

Now please address the questions so we can close the door on that chapter of your dishonesty and move on fully to the crisis portion.

Also note Bowfinger - there are posts of mine at the beginning of this thread(responses to your buddy Jhhnn) that do address what you keep trying to inject as a "duhversion". Yes, that's right - I wasn't addressing that post with the quotes from Clinton - you just couldn't get that through your head. Now try going back and reading what I said before you started throwing a tantrum.

CsG

Get well soon.

 

[charrison]

Originally posted by: Bowfinger

Originally posted by: digitalsm
Thats under Bush's plan. I never said I supported Bush's plan. Congressional republicans dont support Bush's plan.

I support a serious debate and fixing the problems, something most elected democrats want nothing of as they are bleeting this whole line of thought that nothing serious is wrong. Im not in favor of borrowing trillions. Im in favor of something more unpopular than raising the retirement age, which neither the democrats or republicans openly support.

Thats spending cuts first, and then tax increases coupled with tax reform, and no not Bush's tax reform either.

Then I think you and I may be more in agreement than either of us realized, at least in concept. It is Bush's gutting of Social Security I object to, NOT fixing it in a reasoned and prudent manner.

What exactly is his plan to gut SS? As far as I know no plan as been released, other than something needs to be done. You agree there are problems with SS, so lets make sure the problems for the young and old both get addressed.