 |
| Register | FAQ | Members List | Calendar | Today's Posts | Search |
|
#1
08-02-2012, 11:04 AM
|
||||
|
||||
|
You owe over 1 million right now.
Assuming you're a taxpayer.
It was mentioned that Medicare has 25 trillion in unfunded liability. That is according to Social Security. According to the Federal Reserve, that is actually 83!! trillion. By comparison, SS looks pretty good at 'only' 15 tril. Prescription drug benifit, 20 tril. If you hover over the heading it will tell you where is gets the info. http://www.usdebtclock.org/ Debt to GDP ratio, 104%. Pete
__________________
“How many legs does a dog have if you call the tail a leg? Four. Calling a tail a leg doesn't make it a leg.” 
|
|
#2
08-02-2012, 11:10 AM
|
||||
|
||||
|
No question about it, the Republican party hasn't done the country any favors by running up most of the existing national debt.
With respect to the debt, Medicare and Social Security, all are fixable. The debt can be addressed with an approriate mix of tax increases (oh, the horror!) and spending reductions. Similarly, Medicare and Social Security can be remedied by an appropriate mix of premium increases and benefit adjustments. I know; very easy to post but not so easy to achieve politically. But it needs to be done.
__________________
Butch Extremist Moderate
|
|
#3
08-02-2012, 11:19 AM
|
||||
|
||||
|
2 bil + a year over 60 years?
Then toss on another 15 tril in Federal debt, and this article: http://www.usatoday.com/news/washing...security_n.htm says another 5 tril in state and local. I doubt that's the end of our negative issues either. Where are we going to get that kind of cash? Blood from a stone? And of course, it's one party  Very extremely moderate statement there beej.Pete
__________________
“How many legs does a dog have if you call the tail a leg? Four. Calling a tail a leg doesn't make it a leg.”
|
|
#4
08-02-2012, 11:27 AM
|
||||
|
||||
|
Quote:
__________________
Butch Extremist Moderate
|
|
#5
08-02-2012, 11:35 AM
|
||||
|
||||
|
Ah so kemosabi
 But man, this is a bigger problem than any we're currently facing. Pete
__________________
“How many legs does a dog have if you call the tail a leg? Four. Calling a tail a leg doesn't make it a leg.”
|
|
#6
08-02-2012, 11:38 AM
|
||||
|
||||
|
Pete, my friend, I absolutely agree with you. We have got to get a handle on all of this and soon or what happened in Greece will seem like nothing more than an angry text message.
__________________
Butch Extremist Moderate
|
|
#7
08-02-2012, 11:40 AM
|
||||
|
||||
|
Hey feel the brotherly love
 Lets grab a handy politician and tar and feather him lol. Pete
__________________
“How many legs does a dog have if you call the tail a leg? Four. Calling a tail a leg doesn't make it a leg.”
|
|
#8
08-02-2012, 11:49 AM
|
||||
|
||||
|
I figure once the numbers get so high that only a dog can hear them, it'll never get paid no matter what you do. So, what's the point in worrying about it?
Who do we actually owe this money too anyways? As I understand it, most of it is money that we owe to ourselves, technically, kinda sorta.
__________________
"When the lie is so big and the fog so thick, the Republican trick can play out again....."-------Frank Zappa
|
|
#9
08-02-2012, 12:26 PM
|
||||
|
||||
|
Eventually the global economic forces decide we're bankrupt and the dollar becomes worthless.
There is one way to fix this - get freakin' rich. There's two ways. 1) Steal China's gold reserves, 1200-1300 tons or so? of it. 2) Borrow another tril or so while we still can and mine the asteriod belt  Pete
__________________
“How many legs does a dog have if you call the tail a leg? Four. Calling a tail a leg doesn't make it a leg.”
|
|
#10
08-02-2012, 01:26 PM
|
||||
|
||||
|
Quote:
 Defeatist!
|
 |
«
Previous Thread
|
Next Thread
»
Linear Mode
|
|
All times are GMT -5. The time now is 01:25 AM.