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irishyoung
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pcgamecock2001
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pcgamecock2001 said...
BLF, the thing I am most concerned about is Generation x is going to get screwed in Social Security and Medicare. Since I save a good bit in IRA's and 401ks, they are going to means test all benefits. I have paid a heck of alot of money into the programs, maxing it out every year for the last 10 years. What is wrong with moving SSI to 69 or 70? the Dems refuse to do it for people who are 35 or so right now. Just crazy. I would agree there are stupid things the Pubs refuse to give on as well.
BamaLivesFootba
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pcgamecock2001
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pcgamecock2001 said...
SS trust fund can only invest in Government bonds so right now they are getting 1.7% on a 10 year bond. What else would Dem's let it invest in? Just wondering.
Single payer will be horrible. I know you are for it but Health Care should not be guaranteed. The problem if the US goes to a single payer, all innovation will stop because people are greedy (I am one of them) and will expect a return on investments. Government sucks at investments. Look at all the solar panel companies that have failed.
Tax code wise, I am in favor of leveling the field and the government not picking winners and loser ie banks and energy companies and et al
BamaLivesFootba
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BamaLivesFootba said...
Personally, I think investing in the infrastrucute bank would be dusky fruitful.
The government could literally not change any outlays that private insurance does and still save trillions of dollars on administrative costs alone. I don't see innovation being a problem.
Singling out solar panels and the picking winners and losers argument is beyond dumb. First off, if subsidies and loan colaterallization was picking winners and losers, then we've been doing that for years. It's an infant industry. No different than semiconductors in the mid 20th century. Solar panels aren't inherent losers though. It's not existential. They can't compete because they are early in their product life cycles but the costs keep plummeting. They aren't able to lower costs fast enough. Chinese dumping isn't helping either. Personally, I don't care much for tariffs, I'd rather see more industry support than uncompetitive trade practices. Those hurt consumers.
Energy prices aren't uncompetitive, its manufacturing. The support of green manufacturing is what failed. Just to clear confusion.
I agree though. I actually read a magnificent article on a proposal to give renewables a ten-year credit period and then take all energy subsidies away entirely and let them compete. I like that idea a lot for production.
I'm getting a little long-winded, but I think I covered everything.
pcgamecock2001
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dpfenny
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BamaLivesFootba
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pcgamecock2001 said...
BFL, what is governments function? I think it is what it says in the founding documents, life, liberty, and the pursuit of happiness. Government should not be subsiding anything. Internet seems to be doing great. I know it came from Al Gore but it really came from Colleges and then handed over to private groups to run with. Look at natural gas right now. Government is not helping much at all but they are producing more today than ever before. I just don't think government should invest in businesses or tax credits for businesses to do xyz
BamaLivesFootba
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roll_tide_55
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pcgamecock2001 said...
One interesting thing I saw was the US spent 62k per family under the poverty line last year. Can we just hand them 40k and call it a day and save 22k a family. Just cut out the government crap and it would be a lot easier. I am not for hand outs but If we can save 35.4%, it is a start.
shavisimo2
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BamaLivesFootba
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menichols74
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Surferdude ●
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BamaLivesFootba said...
I think of it as bankruptcy honestly. I would rather get some benefits than getting no benefits. The problem with entitlements like social security and Medicare is that its been based on a premise of current support from workers for current beneficiaries. It's real problem stems from there being and will be too many beneficiaries than there are workers to cover. Now, its a long-term and short-term problem. Short-term there aren't enough workers because of the economc climate, this is an easy and inevitable fix. Long-term its not. We need to find a solution for this, for solvency. I don't think extending age requirements for youth will do much for the next forty years of the trust. It needs mee structural changes. Personally, I think there needs to be a more equal input to output ratio. I think they need to mandate that SS trust fund can not be borrowed for deficit spending. It needs to be invested in some other way.
You probably won't agree with this, but Medicare insolvency should be solved by implementing nationwide single-payer. It is cheaper, broadens the beneficiary base, and takes the burden of healthcare off of the employer (good for global competition).
InTresslWeTrust
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AlwaysMore
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Ron Paul, U.S. far gone