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CowboyPride
Oklahoma State Fan
Louisiana
Member since Oct 2012
136 posts

re: Creating a Debt Free America Pt. 1 - What Will You Sacrafice?


quote:

Seems like a little personal responsibility into a few programs like that would go a long way.


No doubt. Now the original post is asking are there programs that affect you where similiar savings could be made?






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WikiTiger
LSU Fan
Member since Sep 2007
40721 posts

re: Creating a Debt Free America Pt. 1 - What Will You Sacrafice?


quote:

This is our country's debt and we as citizens will pay for it one way or another.


nope.

the government will just attempt to inflate their way out

and frick you, i'm moving into bitcoins as a frick you to people like you and violent governments






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junkfunky
LSU Fan
Mickey's Clubhouse
Member since Jan 2011
12514 posts

re: Creating a Debt Free America Pt. 1 - What Will You Sacrafice?


quote:

For example the item I metioned in the OP. The government allowing me to pay pre tax for my healthcare is the single biggest (I believe) tax break the government gives some of us. If we were to all give it up. The savings are enormous.


And would accomplish exactly nothing. Do you honestly think there is an amount of money "given" to politicians to do with as they will (collectively) that would ever satisfy their appetite for spending?






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CarrolltonTiger
LSU Fan
New Orleans
Member since Aug 2005
46227 posts

re: Creating a Debt Free America Pt. 1 - What Will You Sacrafice?


quote:

Very good point.


Because future liablities aren't goig to be debt?

It is an absurd point. We are over spending we have to reduce spending, now and in the future.






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HempHead
Alabama Fan
Appalachia
Member since Mar 2011
12843 posts

re: Creating a Debt Free America Pt. 1 - What Will You Sacrafice?


quote:

It is an absurd point. We are over spending we have to reduce spending, now and in the future.


My point was that it does nothing to eliminate currently held debt.

Even if retirement age was increased, the likelihood of SS becoming solvent is poor. I am in my mid 20's and am almost certain that I will never see a dime of what I have paid in over the past 10 years.






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CowboyPride
Oklahoma State Fan
Louisiana
Member since Oct 2012
136 posts

re: Creating a Debt Free America Pt. 1 - What Will You Sacrafice?


quote:

It is an absurd point. We are over spending we have to reduce spending, now and in the future.


I believe it was mentioned in the context that the focus of the OP was on current debt and that the point of giving up future SS and Medicare would not play a big part in the debt already aquired. Thats all.







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CowboyPride
Oklahoma State Fan
Louisiana
Member since Oct 2012
136 posts

re: Creating a Debt Free America Pt. 1 - What Will You Sacrafice?





quote:

And would accomplish exactly nothing.


Thats actually not true at all. Funding pre tax healthcare is I believe the single biggest tax incentive given to us. Its big $.

The intent of the OP was how to reduce debt, not "What if anything will satisfy government appetite for spending?"



This post was edited on 1/22 at 1:52 pm


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CarrolltonTiger
LSU Fan
New Orleans
Member since Aug 2005
46227 posts

re: Creating a Debt Free America Pt. 1 - What Will You Sacrafice?


quote:

My point was that it does nothing to eliminate currently held debt.


Creating a debt free America the OP, addressess the future and not just your parocial concerns and peculiar interests.

Reducing the rate of growth of all entitlements is necessary, to get debt free IN THE FUTURE.

quote:

the likelihood of SS becoming solvent is poor. I am in my mid 20's and am almost certain that I will never see a dime of what I have paid in over the past 10 years.


Nothing to do with the OP, but I feel your pain.

We were thinking the same thing when I was in my mid 20's, SS may eventually become co-funded with the general fund, it is highly unlikely you will see nothing and very stupid if you are depending on it to be your safety net.






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wickowick
LSU Fan
Head of Island
Member since Dec 2006
20048 posts
 Online 

re: Creating a Debt Free America Pt. 1 - What Will You Sacrafice?


Funding Government by the Minute...

This puts it in prospective...






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HempHead
Alabama Fan
Appalachia
Member since Mar 2011
12843 posts

re: Creating a Debt Free America Pt. 1 - What Will You Sacrafice?


quote:

Creating a debt free America the OP, addressess the future and not just your parocial concerns and peculiar interests.

Reducing the rate of growth of all entitlements is necessary, to get debt free IN THE FUTURE.


No shite.

The poster was asking ways that one could contribute and/or sacrifice in order to eliminate our debt. Raising the retirement age inhibits future accumulation of debt to an extent, but in and of itself does nothing to pay down what is currently owed.

quote:

it is highly unlikely you will see nothing and very stupid if you are depending on it to be your safety net.


I am preparing as if I will receive no Medicare or Social Security once I am in my 60's. I find it very unlikely that these programs will exist by that time, and do not imagine they will be particularly useful even if still around.






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CowboyPride
Oklahoma State Fan
Louisiana
Member since Oct 2012
136 posts

re: Creating a Debt Free America Pt. 1 - What Will You Sacrafice?


quote:

Creating a debt free America the OP, addressess the future and not just your parocial concerns and peculiar interests.




Sure, it would def. affect the future deficit.

Thanks for your input.






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tigernchicago
LSU Fan
Illinois
Member since Sep 2003
3882 posts

re: Creating a Debt Free America Pt. 1 - What Will You Sacrafice?


quote:

The Senate has NOT PASSED a budget since OBAMA has been in office,



The budget is a primary responsibility of the House of Representatives. Once the bedgetis passed by the House, the Senate must also pass/approve it and the President must sign it for it to become official.

SS has been funded to excess for nearly 80 years now. Unfortunately, the Congressional thieves have spent that along with other taxes on whimesicle bull shite. Those collecting SS have already paid their FAIRSHARE in advance. In my case, 43+ years and counting...






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Powerman
LSU Fan
Corpus Christi, TX
Member since Jan 2004
120328 posts

re: Creating a Debt Free America Pt. 1 - What Will You Sacrafice?


quote:


1. I get a home mortgage interest deduction I could live without.


If you really want to fork more money over to the government you can do that






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Antonio Moss
LSU Fan
Baton Rouge
Member since Mar 2006
27790 posts

re: Creating a Debt Free America Pt. 1 - What Will You Sacrafice?


quote:

Besides people pay into social security


Not as much as is taken out - that's called a deficit.

quote:

. So your willing to give up what you paid in?


If they offered me an out clause today, I would gladly forego what I've spent so far to not contribute another dollar.






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