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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (561494)	4/18/2010 1:37:05 PM
From: i-node	Read Replies (1) \| Respond to of 1578942

>> What I remember is he wanted to privatize it. How did that take care of the demographic problem? Actually, he was trying to get a partial privatization. The entire POINT was to increase overall yields on SS dollars and thereby relieve pressure on the system. Ultimately, getting the program totally out of government's hands is the only way out, and we are fast running out of time to have that as an option. >> We're talkng probably a percent change to make it work out. Why hasn't it? Answer the damn question. As usual, you have no idea what you're talking about. To bring the SS trust fund into balance on a 75 year horizon (the least that would be required) would need a tax rate increase of 2.2 percentage points. Now, 2.2% may not sound like much to you but this is a tax that hits the poorest Americans hardest. And it happens coincidentally with numerous massive tax increases from the Obama health care bill, huge unfunded mandates on the state -- 100s of billions -- to cover people on Medicaid who choose to use their money for things other than health care; and the looming threat of an economy-killing VAT which will further cream the poor and middle class. And STILL, Medicare has a problem that is 5x as big as SS to be dealt with. Simply put, America cannot tolerate the taxes that are being dumped on us and that is why the Tea Party is taking to the streets (and, IMO, could bring the Obama party down). >>> You're paying the lowest taxes in 60 years. Only an idiot would make such a statement.