I see that Heffy has graduated from Glenn Beck U with a Masters in Beckonomics.
#54 | Posted by Corky
Please take a look at Greece.
Then take a look at: Portugal, Ireland and Spain.
Krugman is clinging to untenable economics.
That is that Social Security does not contribute one cent to the deficit
It's a Ponzi-scheme and it consumes a 13% tax-rate on just under the first 100K of income. Even a sliver of that 13% could go a LONG way toward deficit, and dare I even say it, debt reduction.
in the 80's under Ronald Reagan we drastically increased SS taxes to fund the retirements of the boomers.
Even when we take it as stand-alone, in 10-30 years it becomes insolvent.
(except for several years of the Clinton presidency).
Which was a combination of:
*reduced military-spending resulting from the peace-dividend which he had no part of.
*The revenues associated with the dot-com bubble.
*An extremely hawkish GOP-lead house that ultimately controlled the purse-strings.
Until your side deals with those fact it is impossible to have an intelligent discussion about taxes and entitlements.
Don't play the guilt-by-assocation game. I disagree with the GOP FAR more than you disagree with your own party.
Social Security and Medicare, coupled with an already-ridiculous remaining budget and taxes that can barely go any higher before reaching the top of the Laffer-curve MUST be addressed and the longer we wait, the worse the problem gets.
I know Congressman Ryan is a Republican and thus you have a knee-jerk reaction to disagree with anything he puts forth...but I thought that even you could get behind the progressive means-testing that he is advocating for SS and Medicare.
