Obama is making an attempt at the middle but, the radical left is going bat shlt crazy!

  1. You have chosen to ignore posts from tvoter. Show tvoter's posts

    Obama is making an attempt at the middle but, the radical left is going bat shlt crazy!

    Sen. Bernie Sanders of Vermont, red in the face, took off his jacket and rolled up a shirt sleeve — but there was no relief from the discomfort of his affliction.

    The poor guy is suffering from triangulation.

    The man triangulating him, President Obama, has proposed cuts to Social Security and Medicare as part of an attempt to find a middle ground in the budget debate. For Sanders (I), a liberal member of the Senate Democratic caucus, the betrayal stung so badly that he literally took to the streets, joining left-wing activists for a protest Tuesday afternoon outside the White House.

    “When Barack Obama was running for president in 2008, he said that he would not cut Social Security. We want the president to remember what he said and not go back on his word!” Sanders shouted into a microphone, as cops watched warily.

    Calling Obama’s offer “nuts,” Sanders went on: “The White House tells us they want to defend the middle class — that’s their mantra. If you want to defend the middle class you don’t cut Social Security, you don’t cut Medicare, and you don’t cut benefits for disabled vets.”

    “Say it!” somebody shouted.

    “Give it to ’em!” somebody else called out.

    Sanders’s ire was real, as was that of his fellow demonstrators: a pair of congressmen plus representatives of the AFL-CIO, the National Organization for Women, MoveOn.org, Campaign for America’s Future and the rest of the liberal establishment. “Inhumane,” they said of Obama’s proposal. “Dickensian … reprehensible.”

    http://www.washingtonpost.com/opinions/dana-milbank-obamas-intransigent-backbench/2013/04/09/8d2c0b8a-a153-11e2-82bc-511538ae90a4_story.html?hpid=z5

     
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  3. You have chosen to ignore posts from FortySixAndTwo. Show FortySixAndTwo's posts

    Re: Obama is making an attempt at the middle but, the radical left is going bat shlt crazy!

    Let the spinning begin...

     
  4. You have chosen to ignore posts from UserName99. Show UserName99's posts

    Re: Obama is making an attempt at the middle but, the radical left is going bat shlt crazy!

    Social Security doesn't add one dime to the defecit, is not an entitlement, and doesn't belong in a budget discussion whatsoever.  The President’s proposal is strictly political and is dead on arrival. 

    He needs to stop wasting time with these rediculous attempts to be liked and accepted by his opposition.  Its not working. 

     
  5. You have chosen to ignore posts from UserName99. Show UserName99's posts

    Re: Obama is making an attempt at the middle but, the radical left is going bat shlt crazy!

    In response to WhatDoYouWantNow's comment:

    In response to UserName99's comment:

    Social Security doesn't add one dime to the defecit, is not an entitlement, and doesn't belong in a budget discussion whatsoever.



    Ah....   

     

    It's not an entitlement because you pay into it, true.

    However, they raided it. If it had been in a true lockbox from the beginning, it could have been managed to remain viable. But if they raid it and don't change the system, they will end up using general tax revenue to pay out SS checks. That, or far far more likely, borrow money to pay out SS checks.



    Raising the minimum wage and removing the FICA salary ceiling would quickly resolve any long term SS problems.  These are the types of solutions he should be proposing heading into the mid-terms. 

     

     
  6. You have chosen to ignore posts from StalkingButler. Show StalkingButler's posts

    Re: Obama is making an attempt at the middle but, the radical left is going bat shlt crazy!

    He's just throwing the people that don't really matter under the bus. What are you going to do, vote Rebublican?


    Heh.

     

     
  7. You have chosen to ignore posts from tvoter. Show tvoter's posts

    Re: Obama is making an attempt at the middle but, the radical left is going bat shlt crazy!

    In response to WhatDoYouWantNow's comment:

    In response to UserName99's comment:

    Social Security doesn't add one dime to the defecit, is not an entitlement, and doesn't belong in a budget discussion whatsoever.



    Ah....   

     

    It's not an entitlement because you pay into it, true.

    However, they raided it. If it had been in a true lockbox from the beginning, it could have been managed to remain viable. But if they raid it and don't change the system, they will end up using general tax revenue to pay out SS checks. That, or far far more likely, borrow money to pay out SS checks.



    True and the problem in a nutshell!!

     
  8. You have chosen to ignore posts from tvoter. Show tvoter's posts

    Re: Obama is making an attempt at the middle but, the radical left is going bat shlt crazy!

    Obama is right on this one and SS and Medicare will need cuts in growth.

    Why should only the young trying to find jobs while we acrue a huge debt they will be responsible for, and the middle class trying to maintain cost of living wages suffer??

    I dont want anyone to suffer but, these are hard times and to get out of them we must ALL make sacrifices!

     

     
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  10. You have chosen to ignore posts from tvoter. Show tvoter's posts

    Re: Obama is making an attempt at the middle but, the radical left is going bat shlt crazy!

    In response to WhatDoYouWantNow's comment:

    In response to tvoter's comment:

    True and the problem in a nutshell!!

    But wait....can an accused "hyperpartisan lefty" be right about anything? Shouldn't I be saying we should have our SS benefits tripled and paid for with a seizure of the Koch brothers' estates?



    Wadded again I see. LOL

    I clearly said you can when it's obvious admit the truth about the lefts failures

     
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  12. You have chosen to ignore posts from MattyScornD. Show MattyScornD's posts

    Re: Obama is making an attempt at the middle but, the radical left is going bat shlt crazy!

    Does it matter?

    The tee partee repubs will reflexively oppose anything he offers.

    They will gladly align with admitted socialist Bernie Sanders if it's politically convenient for them.

     

     

     
  13. You have chosen to ignore posts from tvoter. Show tvoter's posts

    Re: Obama is making an attempt at the middle but, the radical left is going bat shlt crazy!

    In response to MattyScornD's comment:

    Does it matter?

    The tee partee repubs will reflexively oppose anything he offers.

    They will gladly align with admitted socialist Bernie Sanders if it's politically convenient for them.

     



    Spoken like a true partisan!!

     
  14. You have chosen to ignore posts from MattyScornD. Show MattyScornD's posts

    Re: Obama is making an attempt at the middle but, the radical left is going bat shlt crazy!

    In response to tvoter's comment:

    In response to MattyScornD's comment:

     

    Does it matter?

    The tee partee repubs will reflexively oppose anything he offers.

    They will gladly align with admitted socialist Bernie Sanders if it's politically convenient for them.

     



    Spoken like a true partisan!!

     



    "Truth hurts baby!"

     
  15. You have chosen to ignore posts from skeeter20. Show skeeter20's posts

    Re: Obama is making an attempt at the middle but, the radical left is going bat shlt crazy!

    In response to WhatDoYouWantNow's comment:

    In response to UserName99's comment:

    Social Security doesn't add one dime to the defecit, is not an entitlement, and doesn't belong in a budget discussion whatsoever.



    Ah....   

     

    It's not an entitlement because you pay into it, true.

    However, they raided it. If it had been in a true lockbox from the beginning, it could have been managed to remain viable. But if they raid it and don't change the system, they will end up using general tax revenue to pay out SS checks. That, or far far more likely, borrow money to pay out SS checks.



    Bingo.

    This is something most people don't get.  The money is gone.  Right and left, they pillaged our social security, and now, they need to start cutting it.

     
  16. You have chosen to ignore posts from skeeter20. Show skeeter20's posts

    Re: Obama is making an attempt at the middle but, the radical left is going bat shlt crazy!

    In response to UserName99's comment:

    In response to WhatDoYouWantNow's comment:

     

    In response to UserName99's comment:

    Social Security doesn't add one dime to the defecit, is not an entitlement, and doesn't belong in a budget discussion whatsoever.



    Ah....   

     

    It's not an entitlement because you pay into it, true.

    However, they raided it. If it had been in a true lockbox from the beginning, it could have been managed to remain viable. But if they raid it and don't change the system, they will end up using general tax revenue to pay out SS checks. That, or far far more likely, borrow money to pay out SS checks.

     



     

    Raising the minimum wage and removing the FICA salary ceiling would quickly resolve any long term SS problems.  These are the types of solutions he should be proposing heading into the mid-terms. 

     



    No, it wouldn't.  The hole is too deep.

    Leaving aside I think government has no business running a social security program, the solution is to de-couple the younger workers from recieving benefits, but pay in for their elders, i.e. tax 'em to meet the obligation government already committed.

    Any other solution just doesn't work.  

     

     
  17. You have chosen to ignore posts from skeeter20. Show skeeter20's posts

    Re: Obama is making an attempt at the middle but, the radical left is going bat shlt crazy!

    In response to A_Concerned_Citizen's comment:

    In response to WhatDoYouWantNow's comment:

     

     

     

    In response to UserName99's comment:

    Social Security doesn't add one dime to the defecit, is not an entitlement, and doesn't belong in a budget discussion whatsoever.



    Ah....   

     

    It's not an entitlement because you pay into it, true.

    However, they raided it. If it had been in a true lockbox from the beginning, it could have been managed to remain viable. But if they raid it and don't change the system, they will end up using general tax revenue to pay out SS checks. That, or far far more likely, borrow money to pay out SS checks.

     

     

     




    Actually, No.

     

     

    A SS "lockbox" would have no impact on the finances of the program, in fact it might actually hurt finances.

    By law, the SSA must loan the Treasury any amount in excess of it's expenses.

    The Treasury must repay that loan, with interest. That interest accounts for about 2% of the SSA balance sheet. The loans actually help the SSA finances.

    Saying the gov't is "raiding" SS is akin to saying a homeowner is "raiding" a bank when they take out a mortgage.

    Starting in 2010 the expenses of the SSA exceeded it's income and the Treasury must make up the difference by repaying the loans it received from SSA.

    The SSA currently holds about $2.5 trillion in US bonds and is projected to be viable until 2045 assuming the Treasury repays it's loans.

     



    No.  You got it all wrong.  Havng to buy treasuries was a device to allow politicians to spend more than they were able to raise with taxation.  Nothing like a mortgage at all.  Unless you think giving mortgagesto people who can't possibly pay it back is a good idea.

    Paging Barney Frank...

     
  18. You have chosen to ignore posts from tvoter. Show tvoter's posts

    Re: Obama is making an attempt at the middle but, the radical left is going bat shlt crazy!

    In response to WhatDoYouWantNow's comment:

     

    In response to tvoter's comment:

    Spoken like a true partisan!!



    We're totally fooled. You clearly aren't a "true partisan." You proved that by identifying everyone else as a "true partisan."

     

     



    Everyone? No, just the usual suspects on the BDC. btw; this isnt everyone!!

     

    I think all washington politicans are basically one party and that is the party of the Washington establishment.

    It doesnt matter if, they have an R or a D after their name! They will speak to the R's or D's whichever is the case as if, they share their values and ideology but, in the end they do what is best for the washington establishment to gain more power and control!

     

     
  19. You have chosen to ignore posts from Reubenhop. Show Reubenhop's posts

    Re: Obama is making an attempt at the middle but, the radical left is going bat shlt crazy!

    In response to tvoter's comment:

    In response to WhatDoYouWantNow's comment:

     

    In response to tvoter's comment:

    Spoken like a true partisan!!



    We're totally fooled. You clearly aren't a "true partisan." You proved that by identifying everyone else as a "true partisan."

     

     



    Everyone? No, just the usual suspects on the BDC. btw; this isnt everyone!!

     

    I think all washington politicans are basically one party and that is the party of the Washington establishment.

    It doesnt matter if, they have an R or a D after their name! They will speak to the R's or D's whichever is the case as if, they share their values and ideology but, in the end they do what is best for the washington establishment to gain more power and control!

     



    You don't really believe that.  Otherwise you would rail against Republicans (the radical right?) as much as Democrats (the "radical left").  After all, they are all just "establishment" politicians.... And that just does not happen.  Ideologues like to play pretend...

     
  20. You have chosen to ignore posts from tvoter. Show tvoter's posts

    Re: Obama is making an attempt at the middle but, the radical left is going bat shlt crazy!

    In response to WhatDoYouWantNow's comment:


    Maybe I'm being daft, but I don't follow. If the bonds the Treasury holds are U.S. debt, and this is the source of the money from which it will 'pay back' SSA, then it means the money with which it would pay back SSA can come from two sources:

    1. More money the U.S. borrows to pay its old debt (eventually bond buyback / interest on bonds), and

    2. Tax revenue (assuming we ever balance the budget and start paying down our debt).

    It's just shuffling money around.

    On the other hand, if all SSA withholdings really were assigned to a forever-untouchable account, and managed for long term investment (ie, full index funds), then it would remain viable despite any demographic crunch.



     I agree!

     
  21. You have chosen to ignore posts from skeeter20. Show skeeter20's posts

    Re: Obama is making an attempt at the middle but, the radical left is going bat shlt crazy!

    In response to Reubenhop's comment:

    In response to tvoter's comment:

     

    In response to WhatDoYouWantNow's comment:

     

    In response to tvoter's comment:

    Spoken like a true partisan!!



    We're totally fooled. You clearly aren't a "true partisan." You proved that by identifying everyone else as a "true partisan."

     

     



    Everyone? No, just the usual suspects on the BDC. btw; this isnt everyone!!

     

    I think all washington politicans are basically one party and that is the party of the Washington establishment.

    It doesnt matter if, they have an R or a D after their name! They will speak to the R's or D's whichever is the case as if, they share their values and ideology but, in the end they do what is best for the washington establishment to gain more power and control!

     

     



    You don't really believe that.  Otherwise you would rail against Republicans (the radical right?) as much as Democrats (the "radical left").  After all, they are all just "establishment" politicians.... And that just does not happen.  Ideologues like to play pretend...

     



    Maybe not.  For example, I generally don't like Republicans, but will vote for them over Demcracts, unless it doesn't matter, in which case I vote or write in who I really want.

    Doesn't mean I like Republicans.  I genrally don't.

     
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  23. You have chosen to ignore posts from tvoter. Show tvoter's posts

    Re: Obama is making an attempt at the middle but, the radical left is going bat shlt crazy!

    In response to A_Concerned_Citizen's comment:

    If the funds were in index funds, like say S&P 500 Index, they would have lost 50% of their value between Jan 08 and Jan 09 and wouldn't have recovered to '08 levels for 4 yrs, absent any management fees. Another issue is that gov't investing such large amounts of money into markets would exert undue influence and skew the numbers.

    Now to the larger point.

    The money from the SSA is used to pay down US debt. In return the Treasury issues IOU's to the SSA at a lower interest rate than what issuing general debt would cost the gov't.

    The SSA gets a return, albeit artificially low, on money that would otherwise accrue no interest.

    The Treasury gets access to money that is cheaper than selling bonds, thus saving itself a few points of interest payments over the life of the bond.

    The debate about this intra-gov't debt is much like the debate on the debt ceiling. Some are arguing for the Treasury default on the loans it's taken from the SSA.



    lol so, it's basically shuffling money from one pocket the other.

    And borrowing to run the country

     
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