RuffDraft wrote:
The fund is empty[/url], and congress has been looting it and using the trust fund like a piggy bank, breaking it open and using the funds as it sees fit. How, exactly? Who knows. All we know is that that money in the trust is gone, and we've been continuously borrowing money in order to guarantee those benefits.
I'm aware; but all that says is the problems related to SS aren't being caused by the program itself but rather the misappropriation of it's funds. Eliminating SS would solve nothing that being the case.
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And Medicare? Let's say for the sake of argument that all the money that's being set aside in the budget for Medicare is being used as intended. Even the most biased studies show that Medicare spending will be unsustainable between now and 2030 (
here's a fairly good article from CNN.com).
All of the problems of medicare are directly caused by the out of control medical/pharmaceutical industry. It's not uncommon for a trip to the hospital to create a decade's or more worth of debt for a person in this nation, assuming it doesn't bankrupt them. It should be no surprise then that over time the industry could bankrupt the nation itself. We need a complete revolution in what we allow that industry to get away with and we have plenty of examples.
http://www.pbs.org/wgbh/pages/frontline ... orld/view/Quote:
Well I think I just proved that there's really no money left for Social Security, but let me ask you this: How high should taxes be in order to guarantee that everything currently being promised is paid for? Is there an upper limit in your eyes? Since SS taxes everyone the same, what rate should it be?
Don't have the data and I'm not going to number crunch over this when you yourself already know the problem is that the money that is supposed to be there got stolen.
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You're really adamant about this. You really see all defense spending as a waste of money?
Not all, but the majority. Pretty much all the foreign bases and this last 10 years of war/world policing for starters has been a complete waste.
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What do you think would happen if the United States completely disarmed? I'm not even talking about how much money we would have "saved." Let's say we had no military. Do you honestly think we would suddenly have no enemies? That there would be no threats against us? You don't think that nations who consider us enemies have ever considered just bombing the hell out of us -- flying their planes over us in the night and letting loose their full salvo? Of course they have! The very fact that we have such a powerful military is an equally powerful deterrent against large-scale attacks like that. But perhaps I can meet you partway and say, yeah I would be okay with a pay cut, and maybe we can try to reduce a lot of wasteful spending throughout the military. But the idea that the military is completely irrelevant is complete and utter nonsense.
Keep on burning the strawmen, I never said to completely disarm. Most of our 'enemies' are poor 3rd world nations who don't have the resources pull of your scenario if they put 100% of their population into trying. The rest are major world partners trading partners due globalization and would in effect be killing themselves if they attacked any other large trading nation. Those enemies don't want to attack us, they want us to continue exactly what we're doing. That is spending all of our money and resources on a shadow 'enemy' that only exists in our perception of the world while letting our national infrastructure collapse out from under us. We could spend half of what we do on the military and still dwarf all other nations, I wish I was exaggerating.
http://en.wikipedia.org/wiki/List_of_co ... pendituresQuote:
Now, back to the money trail. Let's say we spent zero money on defense over the last three years. If we hadn't spent that money (about $2 trillion), and assuming we were still a fully-functioning nation in spite of that, we still would have spent about $3 trillion more than we took in. That tells me that something other than the military is a huge drain on the economy. Could it be the out-of-control entitlement programs that, combined with Medicare and Social Security, take up more than 60% of the budget, and for which we borrow heavily in order to pay? Remind me which number is higher, 19% 60%? But you would cut the 19% to save the 60%?


If you have any problems with the charts let me know because it has SS and medicare listed as 43% of the spending which is no where near 60% (forget completely about more than 60%). On the flip side it has defense and discretionary spending listed at a mere 6% less than the combined SS/medicare which is less of a gap than your exaggeration so I find it noteworthy. Interestingly enough the social safety net income is more than the enough to cover at least social security so at the very least there's no reason to talk about cutting both it and medicare.
If we're looking at just cutting programs then any combination of SS+Medicare, SS+Defense, SS+Discretionary, Medicare+Defense, Medicare+Discretionary, or Defense+Discretionary would put us in the black for that year. Hell if you cut SS+Medicare+Defense by half each you'd only need a tiny part from discretionary to cover it or if you cut medicare(100%)+defense(50%) the same holds true. And that's assuming we don't increase revenues at all (either by getting out of the hole caused by the recession or by raising taxes).
One more thing if you cut both Medicare and SS then you would have to get rid of the tax associated with those programs so you would still be in a deficit. (~2000 out versus ~1500 in)
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If we had a completely balanced budget--maybe one year we take in slightly more than we did the last, and another year, spending slightly more than we took in but still not a terrible situation--would you have any complaints about the amount of money being spent on the military?
Money spent on the military is money thrown away, so long as it's the minimum neccessary that's acceptable but we're no where near that currently. Money spend on Military R&D projects is slightly less 'thrown away' but it also not certain to pay off.