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Has Obama Just Insured A 2nd Term?
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<blockquote data-quote="klein" data-source="post: 828123" data-attributes="member: 23950"><p>Fact :</p><p></p><p>Social Security is paying out more now, then it takes in (someone is getting "free money"), or not ?</p><p></p><p>Medicaid part B, that was implemented while the US was running a deficit.</p><p>Basically giving away monies that were never paid for.</p><p>How could have you worked all you life for it, if it's only been around 6-8 years , with no one actually paying into it, the opposite actually, and creating a larger deficit and national debt !</p><p></p><p>Maybe some will get a taste of it soon, down the line, when the debt limit won't be increased ?</p><p></p><p>If Warren Buffett gets an SS check for $1700 or $1900, why wouldn't the Bush's ?</p><p></p><p>DOBBS: In point of fact, the Congressional Budget Office which is considered to be the bipartisan objective standard of such things. And its research suggests that that deficit in Social Security would be only .4 percent of our GDP over 75 years as compared to the other large deficits percentages that associated with trade in the budget deficit. Do you have -- we're talking about fixing the fixes we're in, a quick answer for Social Security?</p><p></p><p>BUFFETT: I think -- I personally would increase the taxable base above the present 90,000. I pay very little in the way of Social Security taxes because I make a lot more than 90,000. And the people in my office pay the full tax. I would -- we're already edging up the retirement age a bit. And I would means test -- I get a check for $1700 or $1900 or something every month. I'm 74. And I cash it. But I'll eat without it.</p><p></p><p>DOBBS: You will eat without it. So will literally more than a million other Americans, as well. Means testing, the idea of raising taxes, the payroll tax. In 1983, Alan Greenspan, the fed chairman, he had a very simple idea. Raise taxes, that's what you're saying here.</p><p><a href="https://web.archive.org/web/20101117020123/http://www.pacificviews.org/weblog/archives/001096.html" target="_blank">https://web.archive.org/web/20101117020123/http://www.pacificviews.org/weblog/archives/001096.html</a> (source)</p></blockquote><p></p>
[QUOTE="klein, post: 828123, member: 23950"] Fact : Social Security is paying out more now, then it takes in (someone is getting "free money"), or not ? Medicaid part B, that was implemented while the US was running a deficit. Basically giving away monies that were never paid for. How could have you worked all you life for it, if it's only been around 6-8 years , with no one actually paying into it, the opposite actually, and creating a larger deficit and national debt ! Maybe some will get a taste of it soon, down the line, when the debt limit won't be increased ? If Warren Buffett gets an SS check for $1700 or $1900, why wouldn't the Bush's ? DOBBS: In point of fact, the Congressional Budget Office which is considered to be the bipartisan objective standard of such things. And its research suggests that that deficit in Social Security would be only .4 percent of our GDP over 75 years as compared to the other large deficits percentages that associated with trade in the budget deficit. Do you have -- we're talking about fixing the fixes we're in, a quick answer for Social Security? BUFFETT: I think -- I personally would increase the taxable base above the present 90,000. I pay very little in the way of Social Security taxes because I make a lot more than 90,000. And the people in my office pay the full tax. I would -- we're already edging up the retirement age a bit. And I would means test -- I get a check for $1700 or $1900 or something every month. I'm 74. And I cash it. But I'll eat without it. DOBBS: You will eat without it. So will literally more than a million other Americans, as well. Means testing, the idea of raising taxes, the payroll tax. In 1983, Alan Greenspan, the fed chairman, he had a very simple idea. Raise taxes, that's what you're saying here. [url]https://web.archive.org/web/20101117020123/http://www.pacificviews.org/weblog/archives/001096.html[/url] (source) [/QUOTE]
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