Sicko

[Celtics86]

And I wrote welfare and food stamps where?

Semantics..... okay, I will dig up the fucking numbers for SSI, medicare..... And then you'll want more....And prescriptions, you're worried about that....? Let me let you in on it, drug coverage by the government is incredibly minimal....We'll dig it up anyway, though.. I don't know why I am wasting my time....You people can never EVER be convinced....

The propaganda machine turned politics into Michigan- Ohio ST football (fill in your own rivalry)..... "This is the team I pull for and I will pull for them until the day I die.."

Evolution didn't end with the thumb........

[tonynico]

You people? Dear God. What is your problem? You call people names like you're a little girl. I have written SEVERAL times that I don't kow what side of universal health care I am on, but expressed my biggest concern to be fiscal responsibility. If someone can come up with the details and it works, then hell, go for it. But if you think that obligations this country is on the hook for are negligible, I disagree. The article I posted was from Kiplingers, not the Ann Coulter/Sean Hannity website. You want to try and put words into my posts about welfare and food stamps that I NEVER wrote.

[Celtics86]

You people? Dear God. What is your problem? You call people names like you're a little girl. I have written SEVERAL times that I don't kow what side of universal health care I am on, but expressed my biggest concern to be fiscal responsibility. If someone can come up with the details and it works, then hell, go for it. But if you think that obligations this country is on the hook for are negligible, I disagree. The article I posted was from Kiplingers, not the Ann Coulter/Sean Hannity website. You want to try and put words into my posts about welfare and food stamps that I NEVER wrote.

Kiplingers ever tell you that it is REAGON WHO BANKRUPTED THE COUNTRY 10 TIMES OVER....

[tonynico]

from 2006..think it's worse now?

Medicare and Social Security: Big Entitlement Costs on the Horizon
by David C. John and Robert E. Moffit, Ph.D.
WebMemo #1054
Social Security and Medicare have promised $37 trillion more in benefits to senior and disabled workers than the programs will be able to pay, according to a new report. The 2006 annual report of the trustees of the Social Security and Medicare trust funds concludes that both programs will require progressively larger transfers from general revenues to maintain the projected levels of spending.

Medicare and Social Security will require growing amounts of federal income tax revenue. Today, 6.9 percent of federal income taxes go towards the two programs. Dr. Thomas Saving of Texas A & M University, a public trustee of the Medicare and Social Security trust funds, estimates that, in 2020, 26.6 percent of all federal income taxes will go to paying for Medicare and Social Security. By 2030, that number will increase to 49.7 percent.
Medicare’s Financial Crisis

Of the two programs, Medicare presents the greatest challenge to Congress and taxpayers. The Hospital Insurance Trust fund is projected to be exhausted by 2018, a change from the previous date of 2020, and the cost of the Supplemental Medical Insurance program (SMI) is increasing faster than Medicare trustees had projected. According to the trustees, Medicare’s long-term debt, based on a 75-year actuarial projection, is now estimated to be $32.4 trillion. Of that amount $8 trillion is directly attributable to the Medicare ************ drug entitlement. The trustees did revise the size of the Medicare portion of the debt, which was estimated at $8.7 trillion in 2005, because the drug costs have risen more slowly than projected, as have the rates of enrollment. What is unknown is the extent to which employers, who now get federal subsidies for maintaining approved drug coverage for retirees, will continue to maintain that coverage or drop it with the passage of time. Accordingly, the cost of Medicare’s drug entitlement remains a huge uncertainty.

Current and future taxpayers will be faced with enormous burdens in trying to sustain the Medicare program as it is today. According to Dr. Saving, without any change in the program, Medicare will consume a larger share of federal income taxes, rising to 23.1 percent of all federal income taxes by 2020 and 37.5 percent of all federal income taxes by 2030.

The only responsible policy option for Congress and the Administration is to embark quickly on serious reform of the Medicare program and changing it from an open-ended entitlement to a defined-contribution program, adjusting contributions for age, health costs and income.

Social Security’s Growing Deficits

In present value terms, Social Security owes $6.5 trillion dollars more in benefits than it will receive in taxes. That number includes $1.9 trillion, in net present value terms, to repay the bonds in Social Security’s trust fund and $4.6 trillion to pay benefits after the trust fund is exhausted in 2040. This is an $800 billion increase, more than12 percent, over last year’s $5.7 trillion number.

Net present value measures the amount of money that would have to be invested today in order to have enough money on hand to pay its future obligations. In other words, Congress would have to invest $6.5 trillion today in order to have enough money to pay all of Social Security’s promised benefits between 2017 and 2080. These funds exclude what Social Security receives during those years from payroll taxes.

Social Security will continue to collect more in taxes each year than it will spend on benefits until 2017, the same year as in the 2005 report. The trust fund will run out of money in 2040, a year earlier than last year’s report because low interest rates on government bonds will result in the trust fund earning less than previously expected. The projections also reflect a slight increase in the projected future birth rate and a slight increase in projected productivity increases. Neither change significantly affected the program’s projected future deficits.

What most reports will miss is that Congress will have to start to deal with reduced surplus Social Security tax collections much faster than it or the public expect. Starting in 2009, the roughly $100 billion annual Social Security surpluses that Congress has been borrowing and spending on other programs will begin to shrink. From that point on, Congress will have to find other sources to replace the money that it annually borrows from Social Security or reduce spending. The surpluses will end completely in 2017, the year when Social Security begins to spend more than it takes.

In a little more than 15 years, today’s $100 billion annual Social Security surplus will turn into a $100 billion annual deficit—a $200 billion change. From 2017 on, Social Security will require large and growing amounts of general revenue money in order to pay all of its promised benefits. Even though this money will technically come from cashing in the special issue bonds in the trust fund, the money to repay them will come from other tax collections or borrowing. Moreover, the billions that go to Social Security each year will make it harder to find money for other government programs such as Medicare.

Conclusion

The 2006 Medicare and Social Security trustees report shows that the two entitlement programs cannot remain in their current forms. It is irresponsible to saddle our children and grandchildren with the $37 trillion in additional taxes that will be needed to pay full benefits into the future. And, the cost just continues to grow every year. Unless Congress begins to work now to fix this country’s most important programs for senior citizens, our children will face the choice of paying for programs for their parents or paying for education for their children. Delay will only make that dilemma worse.


Recap for those that can't read:
2006 Medicare and SS 6.9% of federal taxes
2020 " " 26.6%
2030 " " 49.7%

Medicare alone is 32.4 TRILLION with 8 TRILLION for prescriptions.

Got it? The financial outlook is horrific, and with boomers retiring in droves, it's going to get worse.

[tonynico]

Kiplingers ever tell you that it is REAGON WHO BANKRUPTED THE COUNTRY 10 TIMES OVER....

And who cares? Is that all you can do is try and bash anyone on the right side of the aisle? Who cares who did it, started it, worsened it? How about finding the person who can address it and FIX it?

[Celtics86]

And who cares? Is that all you can do is try and bash anyone on the right side of the aisle? Who cares who did it, started it, worsened it? How about finding the person who can address it and FIX it?

Clinton at least had us going in the right direction..fiscally... So when someone comments on your hero, you say who cares let's fix it....... ANY OTHER TIME YOU WOULD BE PREACHING THAT PERSONAL RESPONSIBILITY BULLSHIT.......You're the one that wants it both ways.

[Celtics86]

cut and paste some more.....

Let me just let you in on something.....SOCIAL SECURITY IS NOT A PROBLEM, WHATSOEVER...... THE PROBLEM IS THAT CHIMP IS REGRESSIVELY TAXING THE WORKING MAN MORE FOR IT, AND THEN SPENDS ALL THE MONEY ON OTHER SHIT(DEFENSE FROM FUCKING NOBODY)

[tonynico]

Clinton at least had us going in the right direction..fiscally... So when someone comments on your hero, you say who cares let's fix it....... ANY OTHER TIME YOU WOULD BE PREACHING THAT PERSONAL RESPONSIBILITY BULLSHIT.......You're the one that wants it both ways.

Hey dumbass, where did I write that Clinton didn't have us going in the right direction, or that Bush has exercised fiscal responsibility? Get off your talking points. Who exactly is my hero? I agree 100% with Clinton's pay for it now mindset. I wish we had it now.

[tonynico]

cut and paste some more.....

Let me just let you in on something.....SOCIAL SECURITY IS NOT A PROBLEM, WHATSOEVER...... THE PROBLEM IS THAT CHIMP IS REGRESSIVELY TAXING THE WORKING MAN MORE FOR IT, AND THEN SPENDS ALL THE MONEY ON OTHER SHIT(DEFENSE FROM FUCKING NOBODY)

Who do you think will be paying for SSI benefits? Not a problem? Get your head out of the sand or out of Alan Colmes' ass. Please explain to me how you think SSI is not a problem oh wise one?

[Celtics86]

Hey dumbass, where did I write that Clinton didn't have us going in the right direction, or that Bush has exercised fiscal responsibility? Get off your talking points. Who exactly is my hero? I agree 100% with Clinton's pay for it now mindset. I wish we had it now.

First of all you can't deny it.... Thats why you've never said it.... You are defending the administration... I felt I needed to remind you of the alternative.... And your hero is Reagon... You really couldn't figure that?

[tonynico]

First of all you can't deny it.... Thats why you've never said it.... You are defending the administration... I felt I needed to remind you of the alternative.... And your hero is Reagon... You really couldn't figure that?

Assumptions on your part. The ammo of the witless I guess. I think our President has fucked up A LOT of things, just like others have. It's about who will be the most qualified to move it forward and start solving the problems. The 2008 Presidential election, in my opinion, will be the most important in a LONG time. Please tell me more about myself that Ihaven't figured out please.

[Celtics86]

QUOTE=tonynico]Who do you think will be paying for SSI benefits? Not a problem? Get your head out of the sand or out of Alan Colmes' ass. Please explain to me how you think SSI is not a problem oh wise one?[/QUOTE]

NOW I KNOW YOUR BRAIN IS WASHED..YOU BELIEVE THIS MYTH... SSI IS FINE THROUGH 2017....AND IF BUSH WOULD QUIT SPENDING THE SSI MONEY WE HAVE SET ASIDE, IT WOULD BE GUARANTEED THRU 2050...

DON'T YA GET IT..... THEY ARE TRYING TO RUN IT IN THE GROUND TO MAKE A CASE FOR PRIVATIZATION, SO THEY CAN GIVE WALL STREET AND RUPERT MURDOCH A TRILLION BUCKS............................................. ................ You lose, I give up on you.[

[Celtics86]

Assumptions on your part. The ammo of the witless I guess. I think our President has fucked up A LOT of things, just like others have.

you, THINK, he has fucked up............


JUST LIKE OTHERS HAVE.......... really. who?

Don't say Carter......

[tonynico]

QUOTE=tonynico]Who do you think will be paying for SSI benefits? Not a problem? Get your head out of the sand or out of Alan Colmes' ass. Please explain to me how you think SSI is not a problem oh wise one?

NOW I KNOW YOUR BRAIN IS WASHED..YOU BELIEVE THIS MYTH... SSI IS FINE THROUGH 2017....AND IF BUSH WOULD QUIT SPENDING THE SSI MONEY WE HAVE SET ASIDE, IT WOULD BE GUARANTEED THRU 2050...

DON'T YA GET IT..... THEY ARE TRYING TO RUN IT IN THE GROUND TO MAKE A CASE FOR PRIVATIZATION, SO THEY CAN GIVE WALL STREET AND RUPERT MURDOCH A TRILLION BUCKS............................................. ................ You lose, I give up on you.[[/QUOTE]

Hopefully your word is better then MM's. So a program is solvent for less then 10 more years. Wow, that's a good thing, especially with all the boomers retiring. And NO President should be robbing Peter to pay Paul. My whole point this WHOLE time. Pay as you go, offset programs to pay for themselves and zero out so no additional debt. Do I want private accounts? HELL no. Closest to that would be some sort of hybrid between SSI and private MAYBE. But not likely. Maybe I can get a baby bond.

[tonynico]

you, THINK, he has fucked up............


JUST LIKE OTHERS HAVE.......... really. who?

Don't say Carter......

Not answering b/c I won't win. If I say George 1 did things poorly, you will agree, but if I say Clinton fuck-ups, it's I am up our President's ass. Nice try though.