Bill Clinton Scandal - SANITY CHECK Message Board

STOCKTALK

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 : Bill Clinton Scandal - SANITY CHECK

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Lizzie Tudor who wrote (31439)	2/1/1999 2:17:00 PM
From: Les H	Read Replies (1) of 67261

I'm not for spending the "surplus" at this time. So, my stance is at 100% odds with Clinton, and 75% odds with Republicans. First, the "surplus" is illusory. The funds were being generated to pay future SS liabilities. Even with the "surplus", SS is projected to go cash flow negative in 2012-2013. Hence, taxes or benefits will have to be modified by then to defer the date of reckoning once more (as the program continues to grow out of control). Using SS funds to fund Medicare which is also on the verge of cash flow negative is a stupid idea. Clinton also proposes expanding Medicare to cover younger beneficiaries. If anything, SS and Medicare should be reduced in scope till they are manageable. Rather than continuing to screw up the tax code as Clinton has done, they need to clean it up. They need to eliminate all these stupid tax credits which are only PR, such as Clinton's long term care tax credit, education IRA, etc. None of these programs begins to pay for the problems which they claim to address. So, get rid of them since they don't make a difference in people's lives, only their votes. The economic assumptions behind the budget surpluses are too rosy.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next