SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Politics for Pros- moderated
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: skinowski who wrote (438043)7/30/2011 1:39:28 PM
From: Zakrosian1 Recommendation  Read Replies (3) of 793917
 
The strangest thing and the paradox and irony of the entire issue is that apparently there is no need - and no one is proposing - to cut even a single dime. Simply a moderate decrease in the projected INCREASES may balance the budget in a few years.

On the large scale, it sounds simple, but the problem comes in putting that into practice. Most of the increase in the budget will come in the form of entitlements for seniors, who are a growing portion of the population. So the only way to reduce the increases in the short term would be to decrease the payments to individuals - whether it be means testing SS, medical rationing (death panel?) for Medicare, etc. Longer term, we could move in the direction of privatizing social security. But I don't see any of those ideas getting much support from the right or left, so default could be inevitable at some point.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News