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retired benefits major hike
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<blockquote data-quote="bacha29" data-source="post: 1936958" data-attributes="member: 58386"><p>Growth in entitlement programs is clearly fuels the deficit. Social Security surpluses have benn drawn off and used to offset the overall annual deficit starting with Nixon in 1969.Of the current 19 trillion dollar deficit 5 trillion is owed to Social Security.But the nation as a whole will not tolerate the wholesale termination of the Social Security and Medicare programs. They will be saved but it will require higher taxes as evidenced by the recent move to rescue the disability portion of Social Security. Doubled the debt?</p><p>When Ronald Reagan entered the White House the total federal debt was 900 billion. When Bush Sr. left office in 1992 it was 4 trillion and what will drive the deficit even higher in the coming years? The cost of taking care of the thousands of veterans crippled and maimed fighting 2 gulf wars. Some estimates that the cost of caring for these young veterans for the rest of their lives will approach 40 trillion. It one of the main reasons Obama doesn't want to trapped in another unwinable Middle East war.</p></blockquote><p></p>
[QUOTE="bacha29, post: 1936958, member: 58386"] Growth in entitlement programs is clearly fuels the deficit. Social Security surpluses have benn drawn off and used to offset the overall annual deficit starting with Nixon in 1969.Of the current 19 trillion dollar deficit 5 trillion is owed to Social Security.But the nation as a whole will not tolerate the wholesale termination of the Social Security and Medicare programs. They will be saved but it will require higher taxes as evidenced by the recent move to rescue the disability portion of Social Security. Doubled the debt? When Ronald Reagan entered the White House the total federal debt was 900 billion. When Bush Sr. left office in 1992 it was 4 trillion and what will drive the deficit even higher in the coming years? The cost of taking care of the thousands of veterans crippled and maimed fighting 2 gulf wars. Some estimates that the cost of caring for these young veterans for the rest of their lives will approach 40 trillion. It one of the main reasons Obama doesn't want to trapped in another unwinable Middle East war. [/QUOTE]
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