The Real Reason the Country's Going Broke

Discussion in 'Too Hot for Swamp Gas' started by ncbullgator, Feb 12, 2018.

  1. ncbullgator
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    ncbullgator GC Legend

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    Are you going to be the one to tell Grandma she has to pay more for her own health care?

    https://www.wsj.com/articles/the-deficit-problem-in-a-chart-1518481020

    The most important thing to understand about the U.S. budget, Donald Trump or no, is illustrated by the nearby chart. Even with Mr. Trump’s modest increases, defense barely rises as a share of federal outlays. In 1989 when the Berlin Wall fell, defense was 26.5% of outlays. In 2019 it will be 15.6%.


    Meantime, look at “payments for individuals,” which encompass such income transfers as Medicare, Medicaid, Social Security and food stamps, among other things. This category was 47.7% of outlays in 1989 and has steadily climbed to reach an estimated 69.2% in 2019.

    Net interest on the federal debt soaks up another 7.4% of outlays for 2018, and that will rise with interest rates. But as long as Donald Trump and Democrats refuse to reform entitlements, whining about debt and deficits is phony. Defense hawks like John McCain have a compelling case that troops have been denied adequate resources to defend the country, and the giant sucking sound in the federal fisc isn’t defense. It’s the relentless rise of income transfers.
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  2. tegator80
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    tegator80 GC Hall of Fame

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    They don't call them entitlements for nothing.
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  3. gator_lawyer
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    gator_lawyer Premium Member

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    Bahahahahaha! You try telling Republicans to take entitlements away from the elderly. See how well that goes over with them.
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  4. dynogator
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    dynogator GC Hall of Fame

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    I think all the Pubs should run on a platform of reducing medical care for the elderly, and social security.
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  5. JerseyGator01
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    And yet life expectancy is going down.

    INCOMPETENCE RULES!!!!!
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  6. channingcrowderhungry
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    channingcrowderhungry Premium Member

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    There is a small 8 person retirement home at the end of my street. There is an ambulance there 3-4 times a week for the same elderly man. You do the math.
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  7. ncbullgator
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    ncbullgator GC Legend

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    Of course, the Crats platform is to ask why work and then promptly steal the money earned by the private working class to transfer to them, increasing their own benefits.

    And then the Progressives faux whine about deficits and budget blowouts. Which is exactly what Uncle Bernie and the corrupt Hillary would have done.

    The silent army of privately working taxpayers elected Trump. They got some of their money back and an economy with an expanding job base for those who want to work.

    Bravo.
    Last edited: Feb 13, 2018
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  8. g8orbill
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    g8orbill Gator Tail Pub Moderator VIP Member

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    once you give people something for free it is almost impossible to take it away-that is why the illegals still flock here-we give them freebies out the wazoo - they make little to know effort to assimilate and learn our language - all you have to do is go to Osceola County and see the fifedoms set up all over and when you go into a business they do not speak English nor do they want you there
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  9. dynogator
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    dynogator GC Hall of Fame

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    Another thread about the transfer of wealth, private working class, greedy, thieving public sector liberals.

    Bravo to you for relentless consistency. But hey, the Buffett thread was new, so good on you.
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  10. VAg8r1
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    The largest entitlement programs are social security and Medicare. They're also the fastest growing components of the federal budget driven largely by demographics. The US has an aging population and a greater percentage of the population becomes eligible for benefits in those programs every year and in the case of Medicare, the need for benefits increases with age. The political reality is that there is no way that there will be cuts in either of those programs. Any proposal to rationalize Medicare is met by cries of "DEATH PANELS!!!" by politicians of both parties. Also keep in mind that the demographic most likely to vote Republican are voters over the age of 65 so there is no way there are going to any proposals to rationalize either social security or Medicare from the Republicans who wouldn't want to alienate their most ardent voters. or the Democrats too for that matter. One way to help maintain the longer term financial viability of both programs would be to increase legal immigration which would improve the percentage of payers relative to takers. Instead we have a president is proposing the reverse which would further aggravate the demographic problem.
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  11. wgbgator
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    wgbgator Very Stable Genius Premium Member

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    We're going broke? Seems like it was kind of stupid to cut taxes and decrease revenue then.
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  12. cocodrilo
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    Isn't the idea not to take away SS and Medicare benefits from those who already have them, but to reform these entitlements, however necessary, for future recipients? I don't see why current recipients (like me, for example) would complain as long as we're grandfathered in. As for younger folks, they can accept reform as long as the argument is rationally made that the country doesn't have any choice. But of course that depends on politicians making rational arguments and working together. Good luck with that. Good luck, America.
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  13. carpeveritas
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    As if this is news to anyone. Entitlements are on autopilot and until they are addressed they will continue to be a huge drain on the fiscal solvency of this nation.

    Truth be told politicians don't care enough about the fiscal welfare of the nation as a whole all they care about is the next election cycle, party coffers and self interests. If and when our politicians get their heads out of their behinds then maybe out fiscal solvency will be addressed. Personally I don't see it happening and when the belt really needs to be tightened they will find some other nation to ruin.
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  14. fubar1
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    How long before Democrats tell us we’re all racists and ageists for calling them “entitlements”?
    Last edited: Feb 13, 2018
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  15. NavyGator93
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    Yeah, I think we spend more on healthcare then any other industrialized nation but have one of the lowest life expectancies.
    Crazy thought, maybe work a little on prevention?
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  16. tegator80
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    tegator80 GC Hall of Fame

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    Around the time we remove a charismatic person from the WH and it is all about stupid one-liners.
  17. madgator
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    We can end entitlements for immigrants and illegals
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  18. madgator
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  19. tegator80
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    Simple answer: pass a law that says for every dollar increase - year over year - there is 2 dollar reduction in spending - year over year. There IS not any real fat. The only way out of our morass is real losses from what we are used to receiving. And then the country begins to run the way our founding fathers had built it.

    Unfortunately, there is Plan B, and that is we do what we are doing and we go down with the inevitable train wreck. And that is the most popular option....on ALL sides. What I fear the most is who is allowing and nurturing that concept?
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  20. g8orbill
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    are medicare and SS really entitlement programs since people pay into them?
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