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Old 01-21-2013, 08:17 AM   #21
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Originally Posted by orangeblueorangeblue View Post
You cannot "cut" debt, dad. That's the problem with "cutting" Social Security. Medicare and Defense comprise 85% of our non-debt budget. You can cut everything else down to 0 and we'd still run a deficit.
this
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Old 01-21-2013, 08:19 AM   #22
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I still don't follow. The primary point was Social Security cannot - in a technical sense - be cut. The remainder of the deficit is caused by Medicare and DOD. It makes up *more* than 85% if I recall correctly, so focusing on the Department of Internal Toad Conservation is nothing more than a symbolic gesture.
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Old 01-21-2013, 08:44 AM   #23
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I disagree and think SS could be cut and should be cut- it won;'t be easy and would take several years but it could be done
first step would be to move the mandatory retirement age to 68
then I would tell anyone under 45 they need to make other plans and that while they would still pay in-they would never see a dime from SS-I can hear the howls now about how unfair that is-yet those howling seem to have no problem with raising the taxes on the wealthy as it is so unfair for them to make so much and besides they do not need all they make
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Old 01-21-2013, 08:57 AM   #24
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If you needed to cut your home budget could you "cut" your AMEX bill?
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Old 01-21-2013, 09:24 AM   #25
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obob- I do not have any credit cards-if I cannot pay cash, I just do not do whatever it is that we were looking at doing

so yes if I needed to cut my home budget I would cut my spending(and your example of an amex bill is a result of spending)
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Old 01-21-2013, 09:51 AM   #26
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Originally Posted by orangeblueorangeblue View Post
You cannot "cut" debt, dad. That's the problem with "cutting" Social Security. Medicare and Defense comprise 85% of our non-debt budget. You can cut everything else down to 0 and we'd still run a deficit.
Simple math..

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Old 01-21-2013, 09:54 AM   #27
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Originally Posted by g8orbill View Post
obob- I do not have any credit cards-if I cannot pay cash, I just do not do whatever it is that we were looking at doing

so yes if I needed to cut my home budget I would cut my spending(and your example of an amex bill is a result of spending)
Well this ignores the point entirely.

Let me put it this way ... if you ignore debt something bad happens.
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Old 01-21-2013, 09:57 AM   #28
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Simple math..
Uh huh. And if you do that math you realize that without defense & medicare/medicaid cuts we cannot run a budget surplus.

If you cut EVERY discretionary program (military and non-military) and leave DOD, SS, Medicaid/care in tact, we run a $150B deficit.

That is EVERY SINGLE DISCRETIONARY PROGRAM.
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