http://roadmap.republicans.budget.house … 803a29.jpg
Wondering what people think about the analysis of Paul Ryan's budget. This graph shows the debt we are accruing and will accrue under 'the status quo'(red line) and Ryan's budget(green line).
This chart doesn't show it, but CBO projects debt of about 750% of GDP by 2080 on our current trend. That would mean that 30% of our annual budget would go toward interest payments.
Also, does anybody know if Obama has actually presented a plan to address the issues we are facing with SS and Medicare?
All I found on his website was something along the lines of 'Obama will push lawmakers to seek bipartisan solutions...'
I believe Ryan is willing to spend no end to the black hole of the empire, and which is to be paid for with social security and every other program for the people in existence. What a charade.
What do you think about CBO's analysis of his budget proposal, which would actually put us on track to get out of debt, completely.
You can read their report here:
http://www.cbo.gov/sites/default/files/ … letter.pdf
Are you against balancing the budget, or addressing the $75 trillion in obligations we are going to fail to meet with current policy?
They don't fool anybody with those charts. They don't know what's going on or what to do about it.
You want my honest reaction? It doesn't matter what he says he would like to do; he is either lying because he knows it will never actually happen, or even if he is not lying and really would like to do everything in that proposal, Congress will never enact such a draconian budget.
Myth: "Ryan's plan privatizes Social Security, and puts SS funds in the hands of Wall Street"
Funds would still be managed by the SS administration, and benefits would be guaranteed, so nobody could lose their SS due to problems in the financial market.
Also, the choice to use personal accounts is voluntary, nobody is forcing you to make the change.
"Are you against balancing the budget, or addressing the $75 trillion in obligations we are going to fail to meet with current policy?" How much are these wars costing - trillions. How much did the bankers steal - trillions.
Who is collecting the interest on all those trillion trillions? The bankers.
How did the bankers get the right to be the bank of the US. Where in the constitution does it say that bankers get to own the government?
Ok... nothing you said had anything to do with the question. Do you assume that I hate deficit spending when it is spent on old people, but love it when it is spent on wars? Trying to fix SS and Medicare doesn't have anything to do with problems we have with 'the bankers'.
What is wrong with social security and medicare and who says it's broke?
"Social Security benefits are entirely self-financing." ....
"the federal government has borrowed all of that trust fund money and spent it,..."
The money coming into Social Security, and the money that will be going out over the next 75 years, are not equal. SS cannot self-finance itself.
Every administration has been guilty of gutting Social Security... Clinton used it to 'balance the budget'.
Anyway, we are here now. We can't pay SS entitlements into the future the way things are, unless we want to rack up so much debt that half of our budget would go toward paying interest.
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