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retired benefits major hike
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<blockquote data-quote="vantexan" data-source="post: 1937011" data-attributes="member: 24302"><p>There were millions more veterans crippled and maimed in WWII. Did that result in huge increases in the debt, even adjusted for inflation? Your 40 trillion estimate is silly. I can't take you seriously because you keep referring to the 19 trillion as the deficit. Social Security is spending more than it's taking in but in 2032, or sooner most likely, if nothing is done, it will only have the deductions from paychecks and employers' matching funds to pay for it. According to the SS website that'll pay, if I remember right, about 77% of promised payouts and will continue until the 2080's. It's a self sustaining program that isn't adding to the debt. Obama in his first term did things like give $500 million to one company(which just happened to give him large campaign contributions). When he came into office the debt was at $9 trillion. Bush jr. spent plenty too, but let's not act like Obama was so wise and careful. They are running us into the ground, and believing that it can continue like this with no serious repercussions is naive.</p></blockquote><p></p>
[QUOTE="vantexan, post: 1937011, member: 24302"] There were millions more veterans crippled and maimed in WWII. Did that result in huge increases in the debt, even adjusted for inflation? Your 40 trillion estimate is silly. I can't take you seriously because you keep referring to the 19 trillion as the deficit. Social Security is spending more than it's taking in but in 2032, or sooner most likely, if nothing is done, it will only have the deductions from paychecks and employers' matching funds to pay for it. According to the SS website that'll pay, if I remember right, about 77% of promised payouts and will continue until the 2080's. It's a self sustaining program that isn't adding to the debt. Obama in his first term did things like give $500 million to one company(which just happened to give him large campaign contributions). When he came into office the debt was at $9 trillion. Bush jr. spent plenty too, but let's not act like Obama was so wise and careful. They are running us into the ground, and believing that it can continue like this with no serious repercussions is naive. [/QUOTE]
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