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Clinton says this as if.... it's a good thing???? Via Instapundit...... Daily Times - Site Edition Friday, October 30, 2009 Al Qaeda leadership in Pakistan: Hillary Clinton LAHORE: The leadership of Al Qaeda is in Pakistan, US Secretary of State Hillary Clinton said on Thursday. ?I find it hard to believe that nobody in your government knows where they are and couldn?t get them if they really wanted to,? she added. ?Maybe that?s the case; maybe they?re not gettable. I don?t know... As far as we know, they are in Pakistan,? Clinton told senior Pakistani newspaper editors in Lahore, AFP reported. ?The percentage of taxes on GDP (in Pakistan) is among the lowest in the world... We (the United States) tax everything that moves and doesn?t move, and that?s not what we see in Pakistan,? she said. ?You do have 180 million people. Your population is projected to be about 300 million. And I don?t know what you?re going to do with that kind of challenge, unless you start planning right now,? she said. ?If we are going to have a mature partnership where we work together? then ?there are issues that not just the United States but others have with your government and with your military security establishment?. Separately, Clinton also met army chief General Ashfaq Kayani and exchanged views on a host of security-related issues. link
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(553 of 613)
Re: H Clinton: "We tax everything that moves..."
Nov 13, 2009 9:38 AM
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> > Under the best scenario its going to be running
> deficits for 5 decades. Under realistic conditions,
> its going to be running deficits forever.
>
> If by running deficits in five years you mean dipping
> into the trust fund which is there for just that
> reason, sure.
>
> Although once the trust fund runs out, by law, the
> payments will be reduced to match income.
>
> Don't let facts interfere with hysteria though.
And there it is again. Don't deal with the reality of the situation, just dismiss it.
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Re: H Clinton: "We tax everything that moves..."
Nov 13, 2009 9:30 AM
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> Under the best scenario its going to be running deficits for 5 decades. Under realistic conditions, its going to be running deficits forever.
If by running deficits in five years you mean dipping into the trust fund which is there for just that reason, sure.
Although once the trust fund runs out, by law, the payments will be reduced to match income.
Don't let facts interfere with hysteria though.
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Re: H Clinton: "We tax everything that moves..."
Nov 13, 2009 9:24 AM
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> > If taxes aren't increased or spending isn't
> decreased, the program will be broke. At least until
> the boomers die.
>
> If by "broke" you mean continuing to pay out at a
> slightly lower rate, sure. Unless we stop the slide
> into third world economic conditions.
>
> What's your point anyways? You're arguing with me
> that there are problems, when I'm the guy saying
> there are problems and here's a pack of solutions.
You keep dismissing arguments that the program isn't as well off as you claim, its just people being hysterical.
Your own source is saying the same thing that's being said to you. But those of us here saying it are screaming doom.
Under the best scenario its going to be running deficits for 5 decades. Under realistic conditions, its going to be running deficits forever.
Why? Because the only thing keeping it from being a Ponzi scheme is that its a government program. If you and I were to set up a retirement fund based on the same business model we'd go to jail for fraud.
Ponzi schemes inevitably fail, just as SSI will. The only way to save it is to change it. That's not doom, its reality.
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Re: H Clinton: "We tax everything that moves..."
Nov 13, 2009 9:16 AM
Rate this post:
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> If taxes aren't increased or spending isn't decreased, the program will be broke. At least until the boomers die.
If by "broke" you mean continuing to pay out at a slightly lower rate, sure. Unless we stop the slide into third world economic conditions.
What's your point anyways? You're arguing with me that there are problems, when I'm the guy saying there are problems and here's a pack of solutions.
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Re: H Clinton: "We tax everything that moves..."
Nov 13, 2009 9:04 AM
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> The trustee report even has pretty pictures showing
> the three projections. One of them stays in the
> black. The other two result in a reduction of
> payments in around 20 years.
>
> Baby boomers won't magically live forever, and the
> rest of the population is evenly distributed. So
> realistically they won't be a significant factor
> beyond a few decades.
>
> The primary problem is not age distribution. The
> primary problem is that for decades the rich have
> been getting richer and the poor poorer putting more
> and more of the nation's taxable income above the
> cap.
>
> --
> Edited by JaredP at 11/13/2009 5:54 AM PST
SO SAY THE TRUSTEES
Under the low-cost assumptions, the projected OASI annual balance is positive for 11 years (through 2019) and then becomes negative, with the annual deficit peaking at 1.74 percent of taxable payroll for 2033. Then, the annual deficit declines until 2065, when the OASI annual balance becomes positive, reaching a surplus of 0.30 percent of payroll in 2083. Under the high-cost assumptions, in contrast, the OASI balance is projected to be positive for only 5 years (through 2013) and to be negative thereafter, with a deficit of 2.19 percent for 2020, 6.30 percent for 2050, and 10.53 percent of payroll for 2083.
Under the best case scenario, it will run deficits starting in 2019 and lasting until the boomers all die around 2065. In the other two scenarios, it never recovers from deficits even with all the boomers dying.
Further down, they same the exact same thing I did.
Thus, because large ultimate cost rates are projected under all but the low-cost assumptions, it is likely that income will eventually need to be increased, and/or program costs will need to be reduced in order to prevent the trust funds from becoming exhausted.
If taxes aren't increased or spending isn't decreased, the program will be broke. At least until the boomers die.
--
Edited by LastStand4Ever at 11/13/2009 6:09 AM PST
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Re: H Clinton: "We tax everything that moves..."
Nov 13, 2009 8:52 AM
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The trustee report even has pretty pictures showing the three projections. One of them stays in the black. The other two result in a reduction of payments in around 20 years.
Baby boomers won't magically live forever, and the rest of the population is evenly distributed. So realistically they won't be a significant factor beyond a few decades.
The primary problem is not age distribution. The primary problem is that for decades the rich have been getting richer and the poor poorer putting more and more of the nation's taxable income above the cap.
--
Edited by JaredP at 11/13/2009 5:54 AM PST
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Re: H Clinton: "We tax everything that moves..."
Nov 13, 2009 8:43 AM
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> Agreed. Loss of cushion does not equal doom. It just
> means it will be lean times.
They aren't describing lean times, they describe the funds being depleted. And not because of the economy but because of the rising number of people that will be making claims. A booming economy will only prolong the inevitable. Without real change, more tax or cutting benefits, the program will run out of money. And that is from the trustees report, not people screaming doom.
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Re: H Clinton: "We tax everything that moves..."
Nov 13, 2009 8:36 AM
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> The SS TRust fund was nearly bust in the 80's, as you
> will recall. The status of the economy is a single
> aspect of the viability of the SS TRust fund.
> Longevity, number of retirees, etc all have a
> substantial impact. The gov't acknowledges the plans
> approaching problems- maybe you should pay
> attention.
I acknowledge approaching problems- maybe you should pay attention.
> > If the economy stays much the same as now, in
> 21
> > years payments will be cut. That's it. No end
> to
> > payments, no mounting debt, no hysteria please.
>
>
> It isn't hysteria- it is reality. Running out of
> funding isn't a valid source of concern? Payment cuts
> would not create an issue for many individuals that
> rely on them? Some people save nothing on their own.
> What you don't seem to get is the SS TRust is
> expected to be exhausted. That has huge implications
> - no rainy day fund and nothing to source
> shortfalls.That means cuts or substantial tax
> increases. Doing nothing is not a responsible
> option.
It's DOOMED! Ahhh!!!
Not only is it an option, it's what is being done. And it may result in a cut to payments of over 20% in a little over 20 years.
> > If the economy grows again somewhere near what
> it has
> > in the past there will be no shortfall.
>
> First off, experts do not agree.
Oh? Read the trustee report?
> Secondly, the
> economy is only one factor, as I have mentioned
> before. What if the economy doesn't grow, does not
> sustain growth, or declines, and the Trust fund is
> gone? The economy will always be cyclical, and when
> the SS Trust is gone- we've lost the cushion.
Agreed. Loss of cushion does not equal doom. It just means it will be lean times.
> > Since I and the trustees are the types that plan
> for
> > a rainy day, we would like to cut that possible
> > future reduction in payments off now.
>
> Awfully full of yourself now, aren't you. Do you meet
> regularly with the trustees to render your opinion?
> Be sure to let them know the plan is not in trouble,
> when the retiring boomers peek.
>
> No one wants the plan to go bust. How and when it
> will be addressed, are the valid questions.
Agreed. Which is why I grow annoyed by those screaming doom.
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Re: H Clinton: "We tax everything that moves..."
Nov 13, 2009 12:21 AM
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double,
good, thanks, got a lot done today (for a change)
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Re: H Clinton: "We tax everything that moves..."
Nov 12, 2009 11:22 PM
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> hi double 
>
> how are you today?
I'm good, rainy, thanks- how about you???
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Re: H Clinton: "We tax everything that moves..."
Nov 12, 2009 11:07 PM
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hi double
how are you today?
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Re: H Clinton: "We tax everything that moves..."
Nov 12, 2009 11:05 PM
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> > It is common knowledge that SS is doomed if not
> modified. The aging baby boomers are the reason,
> people living longer etc.. The SS Trust fund is a
> shell game where surplus are borrowed and given over
> to the general fund. Within less than 7 years the
> gov't will be paying out more in ss payments than
> it's taking in through payroll deductions. If nothing
> is done, the Social Security trust fund will be
> exhausted by 2037. Since the trust fund will be
> tapped out, they will have to reduce ss payments
> significantly, and/or raise taxes substantially to
> account for the short fall, since their only revenue
> stream otherwise will be payroll taxes coming in
> (once the SS Trust fund is depleted).
>
> I am not responsible for common stupidity.
Apparently you don't read enough, or very well.
The
> trustees make three projection: optimistic,
> pessimistic, and moderate (I believe they use
> slightly different words). Basically, is the economy
> going to get better, worse or stay the same.
>
> For the history of the SSA the economy has tracked
> closely to the optimistic projection because,
> surprise surprise, our economy has been growing.
The SS TRust fund was nearly bust in the 80's, as you will recall. The status of the economy is a single aspect of the viability of the SS TRust fund. Longevity, number of retirees, etc all have a substantial impact. The gov't acknowledges the plans approaching problems- maybe you should pay attention.
>
> If the economy stays much the same as now, in 21
> years payments will be cut. That's it. No end to
> payments, no mounting debt, no hysteria please.
It isn't hysteria- it is reality. Running out of funding isn't a valid source of concern? Payment cuts would not create an issue for many individuals that rely on them? Some people save nothing on their own. What you don't seem to get is the SS TRust is expected to be exhausted. That has huge implications - no rainy day fund and nothing to source shortfalls.That means cuts or substantial tax increases. Doing nothing is not a responsible option.
>
> If the economy grows again somewhere near what it has
> in the past there will be no shortfall.
First off, experts do not agree. Secondly, the economy is only one factor, as I have mentioned before. What if the economy doesn't grow, does not sustain growth, or declines, and the Trust fund is gone? The economy will always be cyclical, and when the SS Trust is gone- we've lost the cushion.
>
> Since I and the trustees are the types that plan for
> a rainy day, we would like to cut that possible
> future reduction in payments off now.
Awfully full of yourself now, aren't you. Do you meet regularly with the trustees to render your opinion? Be sure to let them know the plan is not in trouble, when the retiring boomers peek.
No one wants the plan to go bust. How and when it will be addressed, are the valid questions.
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Re: H Clinton: "We tax everything that moves..."
Nov 12, 2009 10:58 PM
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if there is an aspect of concern? it is that the masses needed to support programs will be contantly marginalized and suppressed economically by wealthy influences and power.
Face,
Preventing that is our biggest challenge. All of the social programs aid in keeping at least some of the money from not being captured by the top 5%. Without them, they'd get it all.
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Re: H Clinton: "We tax everything that moves..."
Nov 12, 2009 10:50 PM
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> >> Mazola party? I'm game.
> >>
> >> One thing: I want a couch covered with washable
> >> sheets dedicated for me to give massages on.
> >
> >Ok, if you insist. 
>
> Alright! I'll bring some veggies, eggs, and bread and
> cook a vegetable stew and biscotti with eggs. But
> none of the ladies get to eat until they've been
> massaged to a limp puddle. 
Jared,
OMG, massage and feasting. I'm so there.
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Re: H Clinton: "We tax everything that moves..."
Nov 12, 2009 10:49 PM
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*group hug* 
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