Posted on 04/04/2011 12:13:35 PM PDT by Phlap
Americans will need to pay much heavier taxes and accept less from public healthcare to put state finances on a sustainable track, according to an IMF study published Monday.
"The United States is facing an untenable fiscal situation due to the combination of high fiscal deficits, an aging population and rapid growth in government-provided healthcare benefits," three International Monetary Fund economists said in a report.
(Excerpt) Read more at breitbart.com ...
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This international monetary blame game would be hilarious if it wasn’t causing the destruction of human civilization.
Cheated by co-called conservatives who we elected to a majority in Congress.
It can be done. Painful? [shrug] all our choices are painful now. I would argue that this drastic Lets-Cut-75%-of-The-Federal-Budget-In-2012 approach is less painful than a lot of the other choices that we might have to make.
We should just do it. The GOP controls the House. They could. But they are cowards.
Sure, IMF. We’ll start our austerity program by cutting off funds to you and the UN. It’ll be fun to watch you wither on the vine.
So how do you like them apples?
Actually it’s bad news if you’re a liberal.
Paul Ryan and the House GOP are going to unleash their Violent Torpedo of Truth budget tomorrow, and will now be able to play point to this.
Our tax rates will plummet once that's done.
I had a teacher who said, “If you want to destroy a country, you can send a wing of nuke carrying B52s or you can send the IMF. The B52s are quicker, but the IMF is more certain.”
Now they want to use their unique magic on the United States.
Elephant in the parlor: government employee salaries/retirement & non-citizen welfare benefits.
You speak the hard truth.
ALL paths forward from here are going to involve pain. ALL of them. We are at the point where we discover that, indeed, there is no such thing as a free lunch.
The problem is, there’s an entire generation of people (the boomers) who have been told their entire lives that “it is all about them,” who are now starting to retire and they want their entitlements and bennies. The hard truth requires telling them that they’re not going to get all those bennies. They refuse to believe that the cuts necessary will include them.
They will. All the stuff that people mention needs to be cut - foreign aide, ag subsidies, corporate welfare, fraud in foodstamps, medicare, etc - all that needs to be done. But we cannot close the gap without cutting Social Security, Medicare/Medicaid and bennies for those who are retiring now or very soon. There simply isn’t enough slop left in the discretionary budget to close the gap any more.
They should know. After all, they helped design our dire future.
The Free Trade Communists at the IMF want more American taxes
‘Fully eliminating current deficits and the long-term shortfalls on social plan commitments for the current generation “would require all taxes to go up and all transfers to be cut immediately and permanently by 35 percent,” they said. ‘
A 35% cut in bennies AND a 35% increase in taxes is just kabuki.
This country doesn’t have the ‘producers’ or value creation it once had. Thomas Sowell said we would not come out of our current economic condition because he doesn’t see the necessary ‘risk taking entrepreneurs’ on the horizon. I agree with him.
Maybe the American taxpayer should just friggen refuse!
En masse!
Won’t be painful for me. I cannot think of one thing the government has ever given me.
Social Security is NOT an entitlement. We all (mostly) paid taxes all our working life, as did our employers, for us to have some money from it when we retire. Same goes for Medicare. I don’t care if it’s Medicare or some other type of insurance, but we paid taxes to cover medical coverage.
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