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.
Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?


To: Archie Meeties who wrote (147975)3/22/2011 11:04:59 PM
From: Bearcatbob  Read Replies (1) | Respond to of 206191
 
Please define "current".



To: Archie Meeties who wrote (147975)3/22/2011 11:06:28 PM
From: Fiscally Conservative8 Recommendations  Read Replies (1) | Respond to of 206191
 
"FYI, currently the growth of federal revenues is outpacing the growth of federal spending. The way out of debt is the usual way, through economic growth."

I find that very hard to believe.



To: Archie Meeties who wrote (147975)3/23/2011 10:31:21 AM
From: MIRU2 Recommendations  Respond to of 206191
 
Archie,
Long term, the serious concern is the expected growth in entitlements (aka health care expenditures). That is what must be addressed.

Believe it or not, this has been addressed. You may be too young (i.e., pre-Social Security) but Medicare premiums are deducted from SS checks. And the more you make (IRS rats you out to SSA) the higher the deduct. This is current fact. And nothing keeps the government from changing the deduction schedule so that most people will lose most of their SS payments.