Silicon Investor (SI) -- The First Internet Community

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

To: tejek who wrote (887832)	9/14/2015 7:56:42 PM
From: i-node	1 Recommendation Recommended By TimF Read Replies (1) \| Respond to of 1576004

There is not a problem with SS except for what wingers fantasize about. Medicare and Medicaid are different........they are programs set up to help the elderly, the disabled and the poor. Pretty much standard in most major countries in the world........in fact, many would say that's one of the primary purposes of govt. If need be, we can raise taxes to cover the cost or take money from defense. EOS. Except the defense budget doesn't begin to cover it. You could shut the DOD down and you still couldn't cover it. YOU really aren't grasping the scope of the problem.

To: tejek who wrote (887832)	9/18/2015 3:39:51 PM
From: TimF	Read Replies (1) \| Respond to of 1576004

The primary purposes of government is, and always been security. Security against external threats, security against crime and random abuse (at least against crime and random abuse from outside the government). we can raise taxes to cover the cost or take money from defense No we can't. If the entitlement programs and interest on the debt rise as expected, or even close to what's expected there won't' be enough tax revenue to cover them even if taxes are raised, and even if defense spending is set to zero. Again you ignore that the feds have never been able to pull that large of percentage of GDP out of the private economy (except during WWII for just a few years, with rationing and with price controls distorting the economic statistics). Not with single digit top federal tax rates, not with rates in the teens, the twenties, the thirties, the forties, not with any rate all the way up to 90%.