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social security (If our crispy friend sounds like the Washington Post, there's a reason)

Posted on 05/09/2006 6:49:54 PM PDT by elephantrepublican

SHEER COINCIDENCE: Last Monday, the Social Security and Medicare trustees released their annual depressing report. On Tuesday, congressional negotiators handed President Bush a "victory" -- his assessment -- in agreeing to extend his capital gains and dividend tax cuts. Mr. Bush and his fellow tax-cuts-above-all proponents would like you to believe that the two events are unrelated. But taken together they underscore the terrible fiscal predicament that Mr. Bush has chosen to bequeath to his successor.

According to the new estimates, the Social Security trust fund will be depleted in 2040, one year closer than last year's projection, while Medicare's will run out in 2018 -- two years sooner than last year's projection and 12 years earlier than estimated when Mr. Bush took office. These dates may still sound remote, but the problem is more imminent than the customary focus on insolvency suggests. Far earlier than the insolvency date, the programs will be spending more than they take in, in payroll taxes in the case of Social Security, in payroll taxes and premiums in the case of some parts of Medicare. Because of higher-than-anticipated hospital costs, the price of Medicare hospital benefits will exceed tax collections and other dedicated revenue this year -- a situation that will persist and worsen rapidly after 2010. And every year of procrastination makes the eventual solution more painful....


TOPICS: Constitution/Conservatism; Government; Miscellaneous; Politics/Elections
KEYWORDS: ignorantbuffoon; joebidenfan; spankedoffthenet; troll; vikingkitties; wapoplagiarist; whiskeytangofoxtrot; zot; zotme; zotmebaby; zotmeharder; zotmelikethedogiam; zotmelikeyoumeanit; zotted
just something to consider.
1 posted on 05/09/2006 6:49:54 PM PDT by elephantrepublican
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To: elephantrepublican

2 posted on 05/09/2006 6:50:48 PM PDT by Prime Choice (We are RepubliCANs, not RepubliCAN'Ts.)
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To: elephantrepublican
"Hojotoho! Hojotoho! Heiaha! Heiaha!"

Photobucket - Video and Image Hosting

3 posted on 05/09/2006 6:51:17 PM PDT by decal (My name is "decal" and I approve this tagline)
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4 posted on 05/09/2006 6:56:27 PM PDT by Dog Gone
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To: elephantrepublican
Here, Mr. Lifelong Conservative Republican, you forgot something.
5 posted on 05/09/2006 6:58:45 PM PDT by Admin Moderator
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To: Prime Choice
Whee, the Mods brought this back - Let The Games Begin!
6 posted on 05/09/2006 6:59:17 PM PDT by decal (My name is "decal" and I approve this tagline)
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To: elephantrepublican

The bastids wont stop untill my tax rate is 100%.


7 posted on 05/09/2006 7:01:21 PM PDT by sinclair (Helen Thomas seems to be able to roll her face up into a fist)
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To: elephantrepublican
We consider you to be a disgrace to all carbon-based life forms.

Now go back to DU and tell the other fools How You Told Us, In Your Own Words.
8 posted on 05/09/2006 7:03:26 PM PDT by decal (My name is "decal" and I approve this tagline)
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To: elephantrepublican

Did you escape from your lockbox?


9 posted on 05/09/2006 7:36:47 PM PDT by The Electrician ("Government is the only enterprise in the world which expands in size when its failures increase.")
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To: elephantrepublican
According to the new estimates, the Social Security trust fund will be depleted in 2040

I'll be dead by then.

Medicare's will run out in 2018

Cause of death: a lack of taxpayer funded healthcare. LOL.

10 posted on 05/09/2006 8:02:49 PM PDT by DumpsterDiver
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To: elephantrepublican


Why is it that so many people feel like they're just owed their neighbors money?

I call it "stealing".


11 posted on 05/09/2006 8:04:09 PM PDT by Tzimisce (How Would Mohammed Vote? Hillary for President! www.dndorks.com)
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To: elephantrepublican
Are you this guy?

Photobucket - Video and Image Hosting

12 posted on 05/09/2006 8:05:25 PM PDT by eyespysomething
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To: elephantrepublican
Yeah, right. The Dems demagogue the SS privatization program and stonewall SS reform and it's Bush's fault? And the answer, of course, is to raise taxes. Pity the numbers don't work out.

When the Post states that Bush is "bequeathing" this to his successor they mean his Democrat successor won't be held responsible by them for the economic consequences of raising taxes. That's because they expect that successor's name to be "Clinton" and they've already been down that road before.

Make no mistake - if there is no Social Security reform it's because the Dems blocked it hoping to take credit for their version later. And the Post is ready to give it to them.

13 posted on 05/09/2006 8:18:02 PM PDT by Billthedrill
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To: elephantrepublican
Consider this...

 

14 posted on 05/10/2006 3:13:55 AM PDT by backhoe (The Silence of the Tom's ( Tired Old Media... ))
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To: elephantrepublican; timpad; TBarnett34; MeekOneGOP; PetroniDE; Lady Jag; mhking; glock rocks; ...
Do you like kitties?

Please let me know if you want ON or OFF my Viking Kitty/ZOT ping list!. . . don't be shy.

15 posted on 05/10/2006 7:30:15 AM PDT by darkwing104 (Let's get dangerous)
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To: darkwing104
Good show, DW!


16 posted on 05/10/2006 7:32:47 AM PDT by Lady Jag (Learning to shrug is the beginning of wisdom)
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To: darkwing104

He's gone.

IATZ.

:-(


17 posted on 05/10/2006 7:35:28 AM PDT by fanfan (FR is the best/biggest news gathering entity in the whole known history of the world. Thanks Jim.)
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To: elephantrepublican



18 posted on 05/10/2006 7:35:59 AM PDT by day10 (Whenever you come near the human race, there's layers and layers of nonsense.)
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To: elephantrepublican
Mr. Bush and his fellow tax-cuts-above-all proponents would like you to believe that the two events are unrelated.

You liberals still cannot bring yourselves to say PRESIDENT BUSH, can you?

zot


19 posted on 05/10/2006 7:42:26 AM PDT by reagan_fanatic (Support American sovereignty - boycott employers of illegal aliens)
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To: elephantrepublican
Mr. Bush and his fellow tax-cuts-above-all proponents would like you to believe that the two events are unrelated. But taken together they underscore the terrible fiscal predicament that Mr. Bush has chosen to bequeath to his successor.

Get your facts straight you moron.

.. Bush raised tax revenue.

20 posted on 05/10/2006 7:50:27 AM PDT by Donald Rumsfeld Fan ("fake but accurate": NY Times)
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To: darkwing104
It's dead already. Photobucket - Video and Image Hosting
21 posted on 05/10/2006 7:51:29 AM PDT by dynachrome ("Where am I? Where am I going? Why am I in a handbasket?")
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To: elephantrepublican

The chutzpah here is amazing. One year ago the libs were screaming that SS was just fine and that Bush's alarms regardindg the solvency of the program were just political fear mongering. This is the reason they trashed his proposals to reform the system. Now that they succeeded they are screaming that the system is insolvent and it's due to Bush's inattention to the issue. Boy, this is really through-the-looking-glass, bizarro world stuff. No wonder major urban newspaper circulation is falling like a rock.


22 posted on 05/10/2006 8:02:28 AM PDT by joebuck
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To: dynachrome
It's dead already.

..you may be right.

23 posted on 05/10/2006 8:07:40 AM PDT by Donald Rumsfeld Fan ("fake but accurate": NY Times)
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To: elephantrepublican

Think there's a hairball coming.

24 posted on 05/10/2006 8:21:04 AM PDT by Scothia ( When something important is going on, silence is a lie.)
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To: elephantrepublican

You are also assuming that most will live until they are 80 or so. Won't happen, so the boom will fizzle, and they will still want to take 100% of my income (for the good of the rest...)


25 posted on 05/10/2006 8:26:29 AM PDT by Maigrey (FRiends don't let FRiends stay stuck on Stupid!)
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To: elephantrepublican

26 posted on 05/10/2006 8:39:57 AM PDT by Poser (Willing to fight for oil)
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To: elephantrepublican

Newbi doobie dooooooo,
You're smoking hashish.....


27 posted on 05/10/2006 9:11:04 AM PDT by roaddog727 (eludium PU36 explosive space modulator)
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To: fanfan
He's gone.

Good riddance!




28 posted on 05/10/2006 11:44:38 AM PDT by proud_yank (A liberal's 'generosity' is limited to the funds available in someone else's account.)
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To: elephantrepublican

I didn't realize Joe Biden was joining us here on FR!! Well, Mr Biden, here comes your reward!

Image and video hosting by TinyPic

29 posted on 05/10/2006 12:05:13 PM PDT by JRios1968 (In memoriam...)
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To: elephantrepublican
...draining the treasury of needed revenue until then and setting the stage for a difficult decision at that time.

I guess you were out to lunch or recess when this was discussed in your economics class. Let's consider some facts. (You know what facts are, they are those pesky truths that crop up when you make an erroneous statement, and make you look like the fool you are...)

Fact 1: Reagan cut taxes. He dropped the top rate from 78% to 28%. Revenues INCREASED at a rate of over 12%/year, almost DOUBLING in the 8 years he was in office. The deficit increased because Congress increased spending by 19%/year.

Fact 2: Since the Bush tax cuts, not only has the economy taken off, with record unemployment, but budget deficit forecasts have been revised DOWNWARD twice already (that I am aware of), and the Treasury is receiving record revenues. All from TAX CUTS!!!!

Suspending the tax cuts, that are fueling our economy, would be the GROSSEST form of fiscal incompetence. BTW, Bush TRIED to fix Social Security, but the DIMS and the AARP wouldn't even consider it....

BURN, TROLL, BURN!!!!!

30 posted on 05/10/2006 2:37:55 PM PDT by dirtbiker (I've tried to see the liberal point of view, but I couldn't get my head that far up my a$$....)
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To: elephantrepublican

31 posted on 05/10/2006 3:17:27 PM PDT by Thunder90
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To: dirtbiker
There you go using logic, reason, and facts against a marxist propagandist....

Reasoning with a die-hard leftist is like talking to a child who sticks their fingers in their ears and screams "La La La" at you. I cite Rosie O'Donnell as "exhibit A" with Cindy Sheehan as "exhibit B"

I mean, just look at the left and their "anti-war" protests.

Zombietime.com

32 posted on 05/10/2006 8:50:13 PM PDT by M1Tanker (Proven Daily: Modern "progressive" liberalism is just National Socialism without the "twisted cross")
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