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Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?

To: Sedohr Nod who wrote (104085)	5/3/2011 8:23:37 AM
From: TideGlider	8 Recommendations Read Replies (2) \| Respond to of 224744

Kenneth thinks the debt should be even larger. Of course he also believes his taxes won't be raised! Obama wants to create the biggest crisis ever and of course "never let a good crisis go to waste"... These people are very sick , hard core Socialists. They need to destroy the system for their plan to work. They are doing a damned good job of it.

To: Sedohr Nod who wrote (104085)	5/10/2011 12:02:47 PM
From: TimF	1 Recommendation Respond to of 224744

The liability per tax payer figure is in one way misleading, and in another accurate. Its not an actual liability. The only real liability is the actual debt, and the debt per tax payer is "only" $129,016. The promised future entitlement payments are not debt, are not really a liability. The future recipients have no contractual rights to the payments. They could (in theory, in practice its politically impossible) be cut in half or even canceled tomorrow and there would be no default (like there would be with passing a law canceling the debt). More realistically they could be reigned in in a more mild way. Retirement ages could be increased, COLAs could be reduced etc. But in practice there is a huge amount of political power behind entitlement spending, and any cuts, or even any slowing of the rate of growth, would entail a large political fight. Looking at your link I see some more madness. Look at spending to GDP ratio 46.45837% (and and climbing at a visible rate). Almost half of everything is spent by government and then the left complains that government needs to spend more...