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 : Formerly About Advanced Micro Devices

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: michael97123 who wrote (472015)4/15/2009 10:06:55 AM
From: i-node1 Recommendation   of 1574006
 
Problem is that US demographics have changed much over time for both and in the face of that change, are you now proposing that we eliminate and/or scale back based on pay as you go????

Michael, that's the problem with these programs. This is specifically the issue.

When they began, they were to be self-funding, they were done with the best of intentions, and nobody dreamed they would become what they have.

But when these programs mature, they require massive funding out of general revenue. Without fail. Obama's socialized health care is going to do the same. You cannot get around it. If you could, I'd have a different view. But a program that looks sound today, 30 or 50 years hence, will inevitably wind up sucking up general revenue dollars.

We are now $55T in the hole on Medicare and SS, and Obama, if he has his way, will create another program just as big and just as fiscally incompetent as these two already are.

It virtually insures the death of our democracy.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext