It was a smart choice by Romney; it will focus the campgain debate on 2 issues:
- The size of government that Americans want.
- The amount of debt (debt and deficit) that Americans want.
401 k's have gone to shit,the republicans are going to redo SS and medicare.I hope you all are independently wealthy so you will be able to retire... Originally Posted by ekim008If you think the federal governent is going to be able to continue funding Social Security and Medicare much longer, you're not paying attention. Privatizing is definitely a better way to go. The federal government has $100,000,000,000,000 (one hundred trillion dollars) in unfunded liabilities, mostly entitlements. There is no trust fund for Social Security and Medicare. Unless substantial spending cuts occur soon, the dollar will be worthless in a few more years.
What is Ekim's solution to the debt and spending ? Originally Posted by WhirlawayNot sure about Ekim's but I liked Bowles/Simpson
Alot of people voted against Bowles/Simpson..it is a shame that Obama didn't support it, didn't work to get support for it, and otherwise abandoned it...............more Democrats than Republicans voted against BS.................It is a shame that Obama did not support it but quite ok for Paul Ryan not to? WTF kind of logic is that? .
BTW; Ryan voted against BS becuase it didn't go far enough in reducing spending and debt.........same can't be said for Obama ! Originally Posted by Whirlaway
Unfortunately, instead of welcoming the effort, the White House chose to stomp on it. Invoking a phrase used by Newt Gingrich during the 1990s, communications director Dan Pfeiffer warned that the “Wyden-Ryan scheme”could let traditional Medicare “wither on the vine,” hiking premiums and forcing seniors onto private plans. This is not a constructive or adequate response to a serious proposal.
and.....
The consistent opposition of most Democrats to premium support is yet more evidence that they aren’t really for competition at all, and never have been. Ever since the news began to spread that Senator Wyden was joining forces with Representative Ryan, liberal commentators of all stripes have denounced the plan in the same apocalyptic terms that the president used to attack the Ryan version of premium support last April. The reaction has been fast and furious for a reason: Wyden-Ryan is the antithesis of their vision for American health care. Indeed, as the debate over the past several weeks has demonstrated, the liberal vision for American health care is embodied in traditional Medicare. They don’t want to move Medicare away from today’s uber-regulatory model. Quite the contrary. They want to drag the rest of American health care toward the way Medicare is micromanaged today.
It is a shame that Obama did not support it but quite ok for Paul Ryan not to? WTF kind of logic is that? .
http://www.forexlive.com/blog/2010/1...eded-14-votes/
US Deficit Panel Approves Plan, But Doesn’t Get Needed 14 Votes Originally Posted by WTF
If you think the federal governent is going to be able to continue funding Social Security and Medicare much longer, you're not paying attention. Privatizing is definitely a better way to go. The federal government has $100,000,000,000,000 (one hundred trillion dollars) in unfunded liabilities, mostly entitlements. There is no trust fund for Social Security and Medicare. Unless substantial spending cuts occur soon, the dollar will be worthless in a few more years. Originally Posted by joe bloe
401 k's have gone to shit,the republicans are going to redo SS and medicare.I hope you all are independently wealthy so you will be able to retire... Originally Posted by ekim008Where are your 401k funds invested? Under Obama, my 401k went up 25% in 2009, 17% in 2010, broke even in 2011, and is up almost 10% in 2012.