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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?


To: Skeeter Bug who wrote (122669)5/17/2010 5:29:44 PM
From: Knighty Tin2 Recommendations  Read Replies (2) | Respond to of 132070
 
I disagree or quibble each point with these ideas:

1. Social Security is completely solvent with very minor changes. A year or two change in the date you can start will be a miracle worker. And making the cutoff point of the ss tax much higher. My own preference would make it limited only by income. A guy who makes $10 million a year should pay social security taxes on the full amount, not on some wee percentage.

2. Ditto on age for Medicare. And/or premiums have to be raised. They can be tripled and still be cheaper and provide better coverage than a private plan.

3. Maybe.

4. People will be paid in food stamps, or scrip, as they were during the depression.

5. The currency devalues itself. No correction needed. Americans don't save anyway, so they can't be ripped off.



To: Skeeter Bug who wrote (122669)5/17/2010 5:55:56 PM
From: Freedom Fighter  Read Replies (2) | Respond to of 132070
 
skeeter,

The entire premise of those that say we are better off now because of larger government is just plain stupid.

We have no way of measuring where we would be now if we never expanded and centralized government and never created a Federal Reserve. I think it's almost certain we'd be even further along economically and we'd definitely be freer if it weren't for centralized government.

Real economic progress comes mostly from savings and investment not wealth transfers, wars, and consumption.