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re: National debt tops $22 trillion for the first time as experts warn of ripple effects
Posted on 2/13/19 at 2:10 pm to Taxing Authority
Posted on 2/13/19 at 2:10 pm to Taxing Authority
quote:
THIS! The only way one could balance the budget is ending SS and MEDI, while continuing to collect the taxes. Anyone think that's politically possible?
Otherwise you're looking at almost trippling the tax rates on the "middle class"
I can hear it now "Just tax 'the rich' more!" The problem is... when you're already taking 39% of their marginal income... you can't triple it. People paying 10% however... it's possible.
There's a lot of pain coming to the middle class. And most of them are too stupid to see it coming.
I think the least painful cut is to first restrict SS in specific ways. For example, you shouldn't be able to collect more than you put in unless you are unable to provide for yourself otherwise. That seems pretty basic.
Posted on 2/13/19 at 2:12 pm to cahoots
quote:
I think the least painful cut is to first restrict SS in specific ways. For example, you shouldn't be able to collect more than you put in unless you are unable to provide for yourself otherwise. That seems pretty basic.
You think that is an easy compromise? You are delusional.
Posted on 2/13/19 at 2:51 pm to cahoots
quote:This converts it to basically a welfare program. Either way, CLEARLY, you can't make that change without grandfathering it. Either way, why not just gut SS entirely and replace it with a pure welfare program(again, you'd have to grandfather it).
I think the least painful cut is to first restrict SS in specific ways. For example, you shouldn't be able to collect more than you put in unless you are unable to provide for yourself otherwise. That seems pretty basic.
Posted on 2/13/19 at 3:59 pm to cahoots
quote:Thst takes out spouses and survivors insurance right off the top. Why do you hate women and children?
For example, you shouldn't be able to collect more than you put in unless you are unable to provide for yourself otherwise. That seems pretty basic.
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