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

To: zzpat who wrote (1066972)	4/26/2018 6:09:41 PM
From: RetiredNow	Read Replies (2) \| Respond to of 1578704

It is correct to say that tax cuts are a contributing factor to deficits and the debt. However, you are missing one giant factor in your post. The people who started retiring in 2010: the Baby Boomers. 10,000 boomers a day started retiring and they are living longer than ever. When SS was created, it was estimated that retirees would pull funds from the system for 5 years. Now it is more like 20 years. The combination of the biggest generation in history retiring en masse and the incredible increase in longevity has simply busted the system. So when the CBO says that 2/3rds of the future deficits will come from SS, Medicare/Medicaid, and interest on the debt, this is a darned good estimate. Quite literally, the experts are telling you what the root causes are. If it were me, I would raise taxes on certain sectors. I do believe in a progressive tax structure and I do think CEOs are getting away with murder with enriching themselves and squeezing their employees. All of that is absolutely true. I would also not only NOT increase military spending, I would cut it by at least 25%, probably closer to 40-50%. Watch me get flamed for that one. I think our grotesquely large military is what is driving a terrible foreign policy posture that is one of empire, instead of simply defending US interests. Having said all the above, I'd cut Social Security back dramatically as well. I'd simply limit it to what you put into the system, plus a reasonable rate of return, say the average of 10 year treasury yields over the life of your inputs into the system. That means most people would have their benefits cut by 50% or more...and that would be fair. It is NOT fair for today's retirees to steal from Gen X and the Millennials to enrich themselves. When the old eat their young, you can be sure the species is headed to extinction. If I had true power, I don't think either party would like my solutions at all, because my solutions are grounded in facts and reality, not in trying to please a biased constituency or people who are overly entitled.