Posted on 05/16/2010 12:54:07 PM PDT by SeekAndFind
Entitlement spending will increase regardless of inflation. 10,000 baby boomers are retiring every day and will continue to do so for the next 20 years. By 2030, one out of every five residents of this country will be 65 or older, twice what it is today. And by 2030 there will be just two workers for every retiree compared to the 3.3 today and the 16 to one ratio in 1950.
So the “soft debt” is inconsequential because we “owe it to ourselves.” The country will not be harmed with a default on the “soft debt.” In fact, it will be strengthened when all us old folks on social security starve to death or cannot get medical care when we are sick and on Medicare. Actually the whole population is transitioning to a sort of inferior medicare now and that makes for more soft debt that won’t hurt the nation if it is welshed on.
That is a charitable use of the official figures, I think. The actual amounts will be far higher. That is always the case and the increase tends to be in multiples.
No, a one world religion is a religion that stands for nothing and offends no one. A religion with a vague concept of God that is not “supernatural” as Obama has said. A one world religion would be more like what Paul Tillich described, God is simply one’s ultimate concern. I think that they would plan to let Muslims and other sects hold on to their beliefs and customs, but treat them as such, just customs. A one world God is a powerless God.
Agreed. Medicare has cost nine times what the estimates were at the time. You don’t add 32 million people to a new entitlement program (ObamaCare) and have the costs go down.
But we don't "owe it to ourselves." Some of us owe it to others of us. And what the author is saying, we can solve the problem by repudiating the debts that some of us owe to others of us.
I think that would really start a revolution.
Obama has added almost $4 trillion to the national debt and our GDP contracted.
In the next 10 years Obama will add almost $30 trillion to the publicly held debt and increase by 800% what he “inherited.”
Source please.
i wonder who would be in charge of this one world religion and rule over all us little Peons???
Who could it possibly be?
But they will ride in Limos, while we walk -— or are crowded in to train or cattle cars...
Mass transit to further control and humiliate the masses!!!
In the next 10 years Obama will add almost $30 trillion to the publicly held debt and increase by 800% what he “inherited.”
Source please.
Sorry Kabar: the source is me.
Why?
Have you ever ever ever seen a government prediction that proved to be accurate?
Have you ever seen a government future budget number even be CLOSE???
Soc Sec? Safe til what ? -— 2030 ? 2020 ? 2017 ? Or stopped being in the black THIS YEAR not those other years.....???
as a poster above posited, this laughable $10,000,000,000 additional Obama debt is often quoted but is the most charitable number, and absolutely way off the mark according to many many other people who work with money every day...
Seen Obama’s unemployment predictions???
How accurate were those?
He got his one or two or three trillion in funny money and unemployment went way UP not DOWN.
So why would you believe any other of their uber rosy economic future forecasts???
You’d be better off believing mine, which are pulled from exactly the same place...................
“Obama will add almost $10 trillion
That is a charitable use of the official figures, I think. The actual amounts will be far higher. That is always the case and the increase tends to be in multiples. “
“Sydney Blumenthal once wrote a very long editorial that was printed in the Seattle PI in 1996 about Bill Clinton’s core agenda. Blumenthal said that many critics were claiming that Clinton had no core agenda, that he was too willing to compromise and that he was simply always in campaign mode and so Blumenthal was going to explain Clinton’s core beliefs. Those beliefs were simply, New World Order, which included not only a flat power structure, but a one world government, single taxing authority, and even a one world religion which incorporated beliefs from all major religions which offended no one. The editorial disappeared as soon as it was published. It never appeared on the internet and I have never been able to find it anywhere. My guess is that it was too truthful and too scary to be allowed to be read by the public.”
You mean “Should-have-been-put-in-jail” Syd Blumenthal? That one?
I’ll bet he rides in a Limo.
Did ya see what Bill Clinton and his Holloweird pal have named their new private jet???
Didja know it can’t be printed on a family forum, yet is stuffed with underaged models???
I’ll bet Bill rides in a Limo when he deplanes, yet you and I are told to ride bikes.
And the big Zero was ridin’ high in a huge SUV when he told us this.
Yahoo. This is our future under our current slave masters.
Where do I get in line for my reparations. ???
“Entitlement spending will increase regardless of inflation. 10,000 baby boomers are retiring every day and will continue to do so for the next 20 years. By 2030, one out of every five residents of this country will be 65 or older, twice what it is today. And by 2030 there will be just two workers for every retiree compared to the 3.3 today and the 16 to one ratio in 1950.”
Of course entitlement spending increases as the population ages. If the payments were fixed, the debt could be inflated away. Because the benefits are tied to inflation, the debt cannot be inflated away. Even with modest inflation, the inflation index of Social Security is not sustainable. I do not know of any pension indexed to the full CPI as Social Security. The initial benefits are indexed to the average wage index that has grown faster than the rate of inflation until recently.
Most people and our govt are cash flow managers. It only becomes a problem when there is not enought cash flow. The debt is not the problem.
So, what stops the cashflow for our govt?
On January 20, 2009 the publicly held debt was 6,307,310,739,681.66. If you add $30 trilion, it would not amount to 800% of what Obama inherited. So for starters, your numbers don't add up.
I agree with you. My point is that Medicare costs will go up even without inflation (roughly 40% of future costs will be due to the increase in the Medicare population.)
I do not know of any pension indexed to the full CPI as Social Security. The initial benefits are indexed to the average wage index that has grown faster than the rate of inflation until recently
Federal pensions use the same index, CPI-W, to calculate their COLAs.
You're not the only one who remembers news articles that went *poof* during the Clinton years. Me, I was sitting in a Chili's restaurant off of I-40 in Greensboro, NC, waiting for my lunch and reading one of the free USA Today newspapers that they provided their customers then (may still, I don't eat there often at all), and I saw a startling article with Hillary Clinton admitting that Webb Hubbell was the father of Chelsea Clinton, because Bill Clinton was sterile.
This was back when Ken Starr was just getting rolling, and I suppose they thought it best to get certain things "out there" in as positive a light as they could, since they believed Starr was going to expose it.
Never saw any mention of that article again. It was in April, not sure of the year, 98?
I have to admit that I never heard about the article admitting that Webb Hubbell was Chelsea’s father. I wonder who wrote the article.
The Sydney Blumenthal article carried Blumenthal’s name. He actually worked for Hillary, so it wasn’t surprising when Clinton killed the story. It was never even discussed. I was naive enough at the time to attribute not being able to find it on the internet to my own incompetent computer skills. I tried to post the article on FreeRepublic and just couldn’t find it. I did post exerpts that I typed myself, but the article was never available on the internet as far as I could find. I wonder if you did a higher level search, like Nexus Lexus, if these articles would appear. I wish that I had kept the dead tree version or gone to the library micro film, but I didn’t.
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