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Geronimo
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st cloud USA
Jan 1970 time: 05:19
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It's interesting that so many expressing shadenfreude are delighted that Bush will ruin the US economy.
Just what was Bush doing that they believe ruins the US economy? Greenspan, The primary economic guru of the US who the rest of the world seemed to respect in the clinton presidency, doesn't seem to have had much more criticism for Bush's policies with respect to the economy than he did for Clinton's.
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Geronimo
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st cloud USA
Jan 1970 time: 05:19
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quote: Originally posted by Dissident
actually I believe it was greenspan who said tax cuts are good if they are accompanied by cuts in goverment spending.
The problem is Bush has increased goverment spending. I fully support tax cuts. I love them. But you also must cut goverment spending. I suggest cutting education and the military. Yes cutting education sounds bad. But that is mostly locally funded. The money the feds put in is mostly to get voters attention. |
How about we axe social security? it's going to fail anyway and is far more expensive than even the military and education combined.
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Drachasor
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quote: Originally posted by Dissident
we can't afford not to change [Social Security] |
So you handle it like a grown up and instead of making a stupid change that makes the overall financial problem worse you either cut benefits or you increase payments into S.S. (or you find a way to invest the money better or fix the economy well enough elsewhere to cover S.S.)
Bush's plan is not a solution.
-Drachasor
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Geronimo
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st cloud USA
Jan 1970 time: 05:19
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quote: Originally posted by Drachasor
You mean a President, Senate, and House.
Axing Social Security is a poor idea and I hope it never happens. There needs to be something to help the elderly out there. Delay benefits or work out some other solution to the problem.
-Drachasor |
Gee, maybe the elederly would have more money if they hadn't had to sink huge fractions of every last paycheck into a bottemless blackhole like SS all of these years, ya think?
Anytime you break a pyramid scheme the pain hits but the sooner you break it the fewer the victims.
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Drachasor
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quote: Originally posted by Geronimo
Gee, maybe the elederly would have more money if they hadn't had to sink huge fractions of every last paycheck into a bottemless blackhole like SS all of these years, ya think?
Anytime you break a pyramid scheme the pain hits but the sooner you break it the fewer the victims. |
It isn't a pyramid scheme. I am getting pretty annoyed with people trying to blow things out of proportion, so try not to be an idiot* and do that.
Secondly, you need to understand how the middle and lower class works and their function in society. They serve the role of keeping the economy going. They get money and then most of them spend the money; they are not good at saving it and spending it helps the economy a great deal. Since there will always be many people that don't save money for retirement, there must be a system to help those people. The only sensible and fair system is one that helps everyone since otherwise it opens itself for exploitation.
Proposing that people "just save their money" simply is an idea that will never work, and historically never has worked. As such I don't think it is a reasonable proposal, since it doesn't deal with the realities of the situation, just like advocating abstinence and only abstinence is a foolish policy.
-Drachasor
Edit: *I do not mean to offend, but my annoyance/anger with misrepresentation is getting the best of me.
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Drachasor
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So you make it so the benefits kick in later; problem solved.
Well, you need to make sure S.S. surpluses are saved and invested too.
-Drachasor
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