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Politics : Formerly About Advanced Micro Devices

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To: TimF who wrote (887727)	9/14/2015 7:32:18 PM
From: tejek	Read Replies (2) of 1576073

The point is that taxes probably can't raise enough money. As has been pointed out to you more than once but you keep ignoring at every rate from single digit income tax rates all the way up to 90%, the feds have never been able to raise enough money as a percentage of GDP, to cover the projected cost of entitlement spending, let alone entitlement spending and interest on the debt (even with leaving $0 for everything else). Well technically the issue here is just Social Security. Enough could be raised to let Social Security spending keep climbing in to the stratosphere, but not to cover that and Medicare and Medicaid both doing the same. Look.....stick to one subject. There is not a problem with SS except for what wingers fantasize about. Medicare and Medicaid are different........they are programs set up to help the elderly, the disabled and the poor. Pretty much standard in most major countries in the world........in fact, many would say that's one of the primary purposes of govt. If need be, we can raise taxes to cover the cost or take money from defense. EOS.

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