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To: Durus
When we cancel unfunded mandates it woudn't be defaulting.

Really? You and I have a different definition of default. I'm 53. I've been contributing to Social Security "retirement insurance" since I was 16. For the last 15 years I've gotten letters from the SS administration telling me my "estimated retirement" at age 62.5, 66.5 and 71. If, in order to balance the budget FedGov renigs on that it sure will be a DEFAULT to me. What would you call it?

You say the debt would be easy to pay off, how? To pay off the first dollar we'd need to raise an additional $1.4 TRILLION in revenue (taxes) or else cut $1.4 TRILLION in spending- THIS YEAR. The 'brave' plan of Paul Ryan doesn't do that. It doesn't do 1/2 of that. It doesn't anticipate balancing the budget for 15 years. When Ryan will be out of the House.

It doesn't look easy to pay off, it looks impossible to pay off. There is NO candidate for President (except perhaps Ron Paul?) who has the guts to suggest we actually balance our budget next year or the year after.

We are addicated to debt and massive overspending as the worst junkie is to heroin. Like a junkie we might be saved if there is an intervention before we OD and die, but we don't have any close family members willing to do it, so we're headed for the OD. Maybe the ambulance and emergency room procedures will keep us alive and scare us silly and we'll make it. Or maybe the last shot will be too big for our heart and we'll expire.

There is no easy way out.

18 posted on 05/23/2011 10:17:05 PM PDT by Jack Black ( Whatever is left of American patriotism is now identical with counter-revolution.)
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To: Jack Black
Social Security needs to be abolished. It was a unsustainable ponzi scheme from it's inception. Do we just scrap it and tell people that have had income deducted their whole lives that they are screwed? No, of course not. We do need to phase it out in the most equitable manner possible.

I say the debt would be easy to pay off if the government weren't spending money like drunken sailors. How much money do we give to the IMF, the UN, NATO, foreign aid, and foreign aid hidden as military aid? How much does the Federal Government funnel to the liberal indoctrination centers euphemistically called our "education" system? How much do we spend on the Homeland Security Agency, the FDA, and the EPA? How many grants are given to liberal group in the name of Urban Renewal? How much did we throw away on multiple bailouts? How much is thrown away on government funded mortgage companies that are rife with corruption? Speaking of corruption how many billions do you think are wasted on government run construction projects?

These are all things that can be fixed, and if they were fixed paying the national debt off would be easy. Is getting to that point easy? Ironically we don't have a choice. We can do it now or we will be forced to do it later.

19 posted on 05/24/2011 6:04:41 AM PDT by Durus (You can avoid reality, but you cannot avoid the consequences of avoiding reality. Ayn Rand)
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To: Jack Black
Social Security needs to be abolished. It was a unsustainable ponzi scheme from it's inception. Do we just scrap it and tell people that have had income deducted their whole lives that they are screwed? No, of course not. We do need to phase it out in the most equitable manner possible.

I say the debt would be easy to pay off if the government weren't spending money like drunken sailors. How much money do we give to the IMF, the UN, NATO, foreign aid, and foreign aid hidden as military aid? How much does the Federal Government funnel to the liberal indoctrination centers euphemistically called our "education" system? How much do we spend on the Homeland Security Agency, the FDA, and the EPA? How many grants are given to liberal group in the name of Urban Renewal? How much did we throw away on multiple bailouts? How much is thrown away on government funded mortgage companies that are rife with corruption? Speaking of corruption how many billions do you think are wasted on government run construction projects?

These are all things that can be fixed, and if they were fixed paying the national debt off would be easy. Is getting to that point easy? Ironically we don't have a choice. We can do it now or we will be forced to do it later.

20 posted on 05/24/2011 6:06:38 AM PDT by Durus (You can avoid reality, but you cannot avoid the consequences of avoiding reality. Ayn Rand)
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