US 'could be going bankrupt'

[highwayman]

Nothing like the sky is falling theory for a good chuckle...


http://www.telegraph.co.uk/money/ma...nuId=242&sSheet=/money/2006/07/14/ixcity.html

The United States is heading for bankruptcy, according to an extraordinary paper published by one of the key members of the country's central bank.

A ballooning budget deficit and a pensions and welfare timebomb could send the economic superpower into insolvency, according to research by Professor Laurence Kotlikoff for the Federal Reserve Bank of St Louis, a leading constituent of the US Federal Reserve.

 

[Gonz]

Time to make economics mandatory again.

The defecit, while etraordinary, is less debt, per capita, than the average Jane carries.

IS this guy gearing up for a run for office.

(PS-Clinton was also in debt...no matter what they tell you)

 

[Altron]

Anyone else ever consider that we might be losing money because of stupid Democrat-created programs? I mean, come on, Social Security, Medicare, Medicaid, Welfare, Unemployment, those are all big Democrat programs that spend a lot of money. Cut them and we could drop taxes and still afford to defend ourselves from terrorism.

 

[Gonz]

You'll have some suggest we stop spending on the military & start medical research & feed the poor hungry Venutian babies will the left-over spoils. Doesn't your copy of the Constitution contain a social ills clause?

 

[spike]

Anyone else ever consider that we might be losing money because of stupid Democrat-created programs? I mean, come on, Social Security, Medicare, Medicaid, Welfare, Unemployment, those are all big Democrat programs that spend a lot of money. Cut them and we could drop taxes and still afford to defend ourselves from terrorism.

Cut all the things that benefit the tax-payers and so we can keep wasting money on BS in the middle east?

 

[Altron]

Cut all the things that benefit the tax-payers and so we can keep wasting money on BS in the middle east?

Unemployment only benefits lazy scumbags who can't be bothered to find a job.
Same with Welfare...
and Medicaid...
and Social Security...
and Medicare... (although that is kinda debatable, I think it should be modified instead of completely removed like the ones I mentioned previously)

So, in your opinion, we should take the psychopaths who hijacked planes and flew them into buildings, killing thousands of innocent american civilians, and let them walk away? Who the fuck do you think we are? France?

 

[spike]

Unemployment only benefits lazy scumbags who can't be bothered to find a job.
Same with Welfare...
and Medicaid...
and Social Security...
and Medicare... (although that is kinda debatable, I think it should be modified instead of completely removed like the ones I mentioned previously)

So, in your opinion, we should take the psychopaths who hijacked planes and flew them into buildings, killing thousands of innocent american civilians, and let them walk away? Who the fuck do you think we are? France?

No these programs benefit some lazy scumbags, but also a lot of hard working taxpayers.

In my opinion we should go after the psyhopaths would were responsible for hijacking the planes, bin Laden and crew. That's not being done though.

Instead a trillion dollars+ has been spent on Iraq which cost thousands more american lives.

That money could be spent on things that benefit the taxpayers like curing heart disease for example which probably kills more innocent american civilians in one month than have ever been killed by terrorists in all of history.

 

[Altron]

No these programs benefit some lazy scumbags, but also a lot of hard working taxpayers.

In my opinion we should go after the psyhopaths would were responsible for hijacking the planes, bin Laden and crew. That's not being done though.

Instead a trillion dollars+ has been spent on Iraq which cost thousands more american lives.

That money could be spent on things that benefit the taxpayers like curing heart disease for example which probably kills more innocent american civilians in one month than have ever been killed by terrorists in all of history.

How does a hardworking tax payer benefit from Unemployment? Obviously, if he's working hard, he has a job. Medicaid? Jobs provide health insurance. Welfare? He already has an income from his job, doesn't need it. Medicare and Social Security? He's been saving for retirement with a 401k through his company. Doesn't need that either.

 

[spike]

How does a hardworking tax payer benefit from Unemployment? Obviously, if he's working hard, he has a job. Medicaid? Jobs provide health insurance. Welfare? He already has an income from his job, doesn't need it. Medicare and Social Security? He's been saving for retirement with a 401k through his company. Doesn't need that either.

Unemployment? A man works hard for 20 years, his company goes bankrupt, he collects unemployment for a couple months until he lands a new job so he can feed his family in between.

Medicaid? Many people work very hard at jobs that don't provide health insurance.

Social Security? Many people work very hard at jobs that don't have 401k plans.

 

[Altron]

Unemployment? A man works hard for 20 years, his company goes bankrupt, he collects unemployment for a couple months until he lands a new job so he can feed his family in between.

Medicaid? Many people work very hard at jobs that don't provide health insurance.

Social Security? Many people work very hard at jobs that don't have 401k plans.

And just as many people sit around their houses and leach off of the people who work hard.

 

[Gonz]

That's not being done though.

Source?

That money could be spent on things that benefit the taxpayers like curing heart disease

No, it can't. Read my sig for an example why & then read the Constiution. Should you choose to attempt to change the Constitution (which is allowed) to include oversight over matters of health, that'll be a different debate. Right now, these things are touchy feely emotion based socialist causes.

 

[Gonz]

Medicaid? Many people work very hard at jobs that don't provide health insurance.

Social Security? Many people work very hard at jobs that don't have 401k plans.

There are free market cures for what ills you. Keep the government out of our lives.

 

[Altron]

Private companies do a hell of a better job than the government. Want more cures for diseases? Talk to Pfizer or Bristol Squibb-Myers or one of those places. Want military protection and regulation of the economy and protection against crime? That's when the government steps in.

*See the ABB thread for more details on the opinion Thomas Jefferson, Gonz, and I share about the role of government*

 

[Dave]

i dont think anyone benefits by being on unemployment. i've been on unemployment a couple of times many moons ago. i barely got half of what i was making at the time and i was barely paying the bills with my paycheck as it was.
that was many moons ago. i dont know if they've changed it or not.

i dont think you can get medicaid of you are employed. at least i've never seen someone with a job that has medicaid. IIRC, one is allowed to earn a certain amount before medicaid benefits are cut off. i believe that number is low enough to disqualify just about anyone working full time.

social security is the largest Ponzi scheme ever foisted on the public. it wont go away anytime soon either. aging baby boomers wont let it.

 

[SouthernN'Proud]

Looks like it's time to raid Mississippi's natural resources again.

Whoops, my bad...already been done. They bailed 'em out once, and are still paying for it today.

Redwood toothpicks, anyone?

 

[rrfield]

Man, I really want to live in this simplistic world where the answer to every problem can be summed up in 100 words or less.

 

[spike]

Source?




No, it can't. Read my sig for an example why & then read the Constiution. Should you choose to attempt to change the Constitution (which is allowed) to include oversight over matters of health, that'll be a different debate. Right now, these things are touchy feely emotion based socialist causes.

Source? You know there's been no focus on Bin Laden since the Iraq war started. Bush is even quoted as saying something like " I don't care about it Bin Laden, it doesn't concern me". I can look it up you really need but I thought it should be obvious at this point.

Terrorism is a touchy feely emotion based cause. Heart disease and cancer are the leading killers of americans. And there certainly is such a thing as governement funded research. Addressing the biggest threats to american lives just makes a kind of sense right?

 

[spike]

Private companies do a hell of a better job than the government. Want more cures for diseases? Talk to Pfizer or Bristol Squibb-Myers or one of those places. Want military protection and regulation of the economy and protection against crime? That's when the government steps in.

*See the ABB thread for more details on the opinion Thomas Jefferson, Gonz, and I share about the role of government*

Jefferson?

The guy that spoke of having no entangling alliances with any nation? I've already seen that Gonz is not in tune with Jefferson on the role of the government.

 

[Winky]

Man, I really want to live in this simplistic world where the answer to every problem can be summed up in 100 words or less.

doncha now

 

[SouthernN'Proud]

more details on the opinion Thomas Jefferson, Gonz, and I share about the role of government*

Do you share his opinion about government's role in state matters...unless, of course, it's a Southern state? Then the rules are set aside?

Careful about alignments. They can cut both ways.