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REAL WORLD EVENT DISCUSSIONS
The reality about the U.S. budget problems
Friday, January 4, 2013 8:25 AM
KPO
Sometimes you own the libs. Sometimes, the libs own you.
Quote:America is getting older and healthcare costs are rising. That means we'll need to spend more money in the future on Social Security and Medicare. There's simply no way around that unless we're willing to immiserate our elderly, and that's not going to happen. Not only is it politically inconceivable, but the truth is that even Republicans don't want to do it, no matter how tough a game they talk. Like it or not, this means that over the next 20 or 30 years, spending on the elderly is going to go up by three or four percent of GDP. This is where we stand. Spending in general has been well controlled for the past 30 years, averaging about 21 percent of GDP. With good management, that might go down a point or two, but certainly no more. Probably the lowest we can realistically hope for is about 19-20 percent of GDP. Add in the increased spending on the elderly, and federal outlays are going to be in the neighborhood of 23-24 percent of GDP by around 2030. Those are simply the facts. Even under a scenario where we control spending pretty tightly, spending is going to go up to about 24 percent of GDP. There's really no politically feasible way of keeping it any lower. Anyone who cares about the deficit, then, needs to understand that in the long run, taxes need to go up to about 24 percent of GDP too. We don't have a spending problem. We have an aging problem and a taxing problem.
Friday, January 4, 2013 11:33 AM
GEEZER
Keep the Shiny side up
Saturday, January 5, 2013 2:23 AM
Saturday, January 5, 2013 4:51 AM
Quote:Originally posted by kpo: Your over-simplified misinterpretation of the article is so that you can dismiss it, right?
Saturday, January 5, 2013 7:56 AM
Quote:Oversimplification seems to be the trend around here. Lots of "all we have to do is..." based on little or no real understanding of the issue.
Quote:Then again, most folks here agree Bush was evil. http://fireflyfans.net/mthread.aspx?tid=53930 Seems like they'd be happy to do away with one of his landmark pieces of legislation.
Saturday, January 5, 2013 8:13 AM
NIKI2
Gettin' old, but still a hippie at heart...
Saturday, January 5, 2013 4:30 PM
Quote:Originally posted by kpo: You're feeding me scraps here, but I take it that you think liberals are hypocritical for despising Bush and yet not wanting desperately to remove all of his tax cuts?
Saturday, January 5, 2013 4:46 PM
Quote:Originally posted by Niki2: Hey, whadIsay? Not fair, Geezer hates ALL liberals--tho' admittedly I seem to get under his skin a bit more than some... He doesn't understand liberals at ALL--not to mention economic facts--you know that by now. Isn' that what you guys call a "strawman" argument?
Saturday, January 5, 2013 4:48 PM
STORYMARK
Quote:Originally posted by Geezer: Quote:Originally posted by kpo: You're feeding me scraps here, but I take it that you think liberals are hypocritical for despising Bush and yet not wanting desperately to remove all of his tax cuts? Pretty much. "When your heart breaks, you choose what to fill the cracks with. Love or hate. But hate won't ever heal. Only love can do that."
Sunday, January 6, 2013 4:04 AM
Sunday, January 6, 2013 4:24 AM
Quote:I tend to agree with liberals on any number of issues, such as reproductive rights, gender equality, freedom of speech, etc.
Quote:My problem with you is that you find blogs and editorials that fit your preconceptions and, without critically reviewing them for truth or logic, post them up
Sunday, January 6, 2013 6:30 AM
Quote:many if not most liberals would go back in time and stop ALL the Bush tax cuts being enacted in the first place, if they could. I would, and I would expect the country's finances to be in a lot better shape as a result.
Monday, January 7, 2013 3:01 AM
Quote:Originally posted by kpo: You agree with liberals when liberal positions and libertarian positions coincide. That doesn't make you left-leaning in any way, since you're already a professing libertarian.
Monday, January 7, 2013 3:16 AM
Quote:Originally posted by Niki2: I don't hate anyone either, but your come-backs tend to be rather personally depreciating rather than logical points, which is what gave me that impression. Ergo, I feel pretty personally attacked, as well.
Monday, January 7, 2013 6:55 AM
Quote:Originally posted by Geezer: Quote:Originally posted by Niki2: I don't hate anyone either, but your come-backs tend to be rather personally depreciating rather than logical points, which is what gave me that impression. Ergo, I feel pretty personally attacked, as well. Oh. Like I might when I read this? "Hey, whadIsay? Not fair, Geezer hates ALL liberals--tho' admittedly I seem to get under his skin a bit more than some... He doesn't understand liberals at ALL--not to mention economic facts--you know that by now. Isn' that what you guys call a "strawman" argument?"
Monday, January 7, 2013 11:07 AM
Quote:Once again, if you want government revenue to go up, you're going to have to raise taxes, and it seems the Bush tax cuts should be on the table.
Monday, January 7, 2013 7:40 PM
1KIKI
Goodbye, kind world (George Monbiot) - In common with all those generations which have contemplated catastrophe, we appear to be incapable of understanding what confronts us.
Tuesday, January 8, 2013 7:08 AM
Quote: me suggesting a way that tax revenues can go up
Quote:Lose the evil Bush-era tax cuts, and you got plenty. See how simple it is. ... most folks here agree Bush was evil. Seems like they'd be happy to do away with one of his landmark pieces of legislation. Kpo: "I take it that you think liberals are hypocritical for despising Bush and yet not wanting desperately to remove all of his tax cuts? Geezer: Pretty much.
Quote: Historically, defense spending has spiked during wars (such as the Korean War, Vietnam, and the Cold War) but were all followed by a downsize. But after 9/11, defense spending soared to unprecedented levels, and the cost of the Iraq and Afghanistan wars took spending to another level. Barney: “It was only until after 9/11 that George Bush and the neo-conservatives–Cheney and the others–were very successful in getting terrorism to be the substitute as the existential threat for Nazism and Communism. It clearly is not.” Frank added, “I think it took a while for the American people to realize this, but they now understand–there is no threat of that sort. That doesn’t mean we should be weak, but it means we could get by with a lot less…"
Wednesday, January 9, 2013 3:42 AM
Quote:Originally posted by Niki2: Yer almost amusing sometimes Geez. Almost.
Wednesday, January 9, 2013 7:59 AM
Wednesday, January 9, 2013 8:44 AM
Wednesday, January 9, 2013 1:01 PM
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