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Old 04-23-2012, 11:11 PM   #106
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Originally Posted by mobvok View Post


Your mission, should you choose to accept it, is to pick options to fill the 1.4% of GDP that the Social Security deficit will be by 2040.

It should be pretty clear that relatively minor changes will preserve the program. Taxing all income above the $100,000 existing cap, while still capping benefits to that level removes an enormous amount of the shortfall (.9!). Raise the payroll tax rate by 1% and we're suddenly home free.
Raise the payroll tax rate by 1% -- Tell that to the 50% of college grads that can't find full-time work in their major.

I'd increase the retirement age. It's ridiculous that it hasn't been indexed to increased longevity. You're right, Soc Sec isn't what is going to send us over the cliff (rep Ryan barely addresses it in his "radical" reforms). It's Medicare.
Whether through major reform or painful default, Medicare as we know it will end.
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Old 04-23-2012, 11:31 PM   #107
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Originally Posted by INDY500

Maybe the road back to robust economic growth isn't Cash For Clunkers, a 2,000 page healthcare law, expanded food stamps rolls, petrophobia, and raising the capital gains tax on millionaires to pay for "targeted investments" while completely ignoring entitlement reform.

Go look at Europe and see where austerity takes you. Le Pen.

Agreed on entitlement reform. The disagreement is over how to do it.

And defense spending. Don't forget that.
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Old 04-23-2012, 11:35 PM   #108
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I'd increase the retirement age. It's ridiculous that it hasn't been indexed to increased longevity.

Totally agree.
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Old 04-24-2012, 12:07 AM   #109
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So Bush owns 2000 - 2008 yet somehow Obama is not accountable for 2009 - present?

Never said he wasn't.

What I said was that the problems from 2000 to 2008 are spilling over into 2009 and beyond. Any problems that haven't been fixed by the time Obama leaves office will be for the next president to fix. And when they can't fix them, the president after that will have to deal with them.

This happens often in history. Every president inherits some problem of some kind, small or large, from the one before. If they do not fix it, they should be held responsible for not doing so, but at the same time if the problem is large enough, no president that follows that sort of disaster will get it fixed right away. Didn't FDR have to go through years of struggle before his plans to fix the mess that lead to the stock market crash, and the depression that followed, started to work? It happens to everyone.

Besides that, while I definitely think Obama can and should do more, at the same time, I get the feeling he at least WANTS to fix this, is trying to fix this. If Romney's in office I'm not going to get that same impression. And again, add in a beyond stubborn, pigheaded opposition, an electorate that pretty much sat back and figured Obama would fix everything overnight instead of, you know, doing their own sacrificing and pitching in to help Obama out, the fact that Obama has, like, fifty thousand things on his plate he needs to fix or that people want him to fix, and yeah, I'm not at all surprised we haven't made a whole hell of a lot of progress.

Plus, keep in mind, too, any plans Obama DOES try to implement get shot down by people who think it's a sign of a massive government takeover. He's either not doing his job or he's going to turn this country into an evil socialist empire when he does try to fix things. What do people want Obama to do, exactly, help or butt out? They have to quit bitching and make up their minds on that issue already.
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Old 04-24-2012, 12:28 AM   #110
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Raise the payroll tax rate by 1% -- Tell that to the 50% of college grads that can't find full-time work in their major.

I'd increase the retirement age. It's ridiculous that it hasn't been indexed to increased longevity. You're right, Soc Sec isn't what is going to send us over the cliff (rep Ryan barely addresses it in his "radical" reforms). It's Medicare.
Whether through major reform or painful default, Medicare as we know it will end.
I hope that grad stat is more of a temporary condition, compared to the 30 year+ arc of the context of the graph. But perhaps there are better options. Raising the retirement age is certainly not one, it is a truly terrible idea. First, that CBO chart suggest it would be among the least monetarily effective ways of reducing the SS shortfall.

Furthermore, the impact would fall more on those 65-67 year olds doing physically demanding jobs, i.e, the less well paying. The CEOs and middle management working desk jobs have much less to worry about with an extra few years' work.

Quote:
Totally agree.
Since 1982, life expectancy for men in the lower half of income has risen by 1 year. For men in the upper half, it is 5 years. Letting the health of the wealthiest drag Social Security beyond the grasp of the most vulnerable among us seems perverse. Raising the retirement age only harms those who need Social Security benefits the most- the poor, the less educated, the most strenuous workers. That should be the opposite goal of any well-designed policy.

I would far prefer to adjust the COLA.
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Old 04-24-2012, 12:32 AM   #111
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Originally Posted by Moonlit_Angel View Post
Plus, keep in mind, too, any plans Obama DOES try to implement get shot down by people who think it's a sign of a massive government takeover. He's either not doing his job or he's going to turn this country into an evil socialist empire when he does try to fix things. What do people want Obama to do, exactly, help or butt out? They have to quit bitching and make up their minds on that issue already.
exactly. i guess it goes to show how things have changed, because there was definitely opposition from both parties in fdr's day with some of his ideas, but the republicans weren't outright throwing up roadblocks to prevent any progress. the politicians sure have whined about his policies from day one, yet when it comes down to suggesting any viable alternatives (printing magic money that won't affect inflation doesn't count), they grow quiet.

we have a deficit, everyone agrees with that. to help get rid of some of it, you can either raise taxes or reduce spending. the problem with the latter is it doesn't create any jobs and, well, does the exact opposite. most republicans keep calling for more spending cuts, then are shocked when more jobs aren't being created. it's setting obama up for failure. if you're gonna cut education, don't be surprised when a story comes out saying how teaching graduates are finding it harder to find a job than ever.
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Old 04-24-2012, 01:28 AM   #112
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Originally Posted by INDY500 View Post
Raise the payroll tax rate by 1% -- Tell that to the 50% of college grads that can't find full-time work in their major.

I'd increase the retirement age. It's ridiculous that it hasn't been indexed to increased longevity. You're right, Soc Sec isn't what is going to send us over the cliff (rep Ryan barely addresses it in his "radical" reforms). It's Medicare.
Whether through major reform or painful default, Medicare as we know it will end.
The main reason why most college grads can't find a full-time job within their major is because the majority of those who do not have job graduated with useless degrees such as creative writing, humanities, arts, English and other majors that do not equalize career opportunities and cash in the long term; so it is important to consider that the economic situation and unemployment are not the sole responsible factors in not landing a job right after graduation. People's decisions and characters matter immensely as well.

Sure, you can increase the retirement age to over 65 years old but expecting the government to take care of you when you are old and reaching age 120 with a pension, Medicare and social security benefits is a very unrealistic vision from most people.

Seniors have to come to the realization that they had their whole lives to assure their retirement, apart and/or instead of expecting a hand from the government, not that they care either.
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Old 04-24-2012, 01:40 AM   #113
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The main reason why most college grads can't find a full-time job within their major is because the majority of those who do not have job graduated with useless degrees such as creative writing, humanities, arts, English and other majors that do not equalize career opportunities and cash in the long term
10 Most Popular College Majors

Business Management
General Business
Accounting
Nursing
Psychology
Marketing
Communications
Elementary Education
Computer Science
Finance

These sound like exactly the first steps toward professional careers college grads are told they should want.

...It turns out they're not the ones with the fevered dreams.
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Old 04-24-2012, 02:02 AM   #114
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^ yep, just a few years ago some of those fields were reported on as being woefully understaffed and hey, you should major in it because you can have your pick of where to work!

the problem is, in the four years (if you're lucky) it took you to get that degree, there was how many thousands of people ahead of you filling those jobs? predicting what fields will be underemployed in 4-5 years is just a guessing game.

the average college student isn't some english major. at the very least if this were the case, the building wouldn't be so tiny compared to the engineering buildings and science buildings at my university.
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Old 04-24-2012, 02:06 PM   #115
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Originally Posted by Mrs. Garrison

If you are talking to me, please do not use this type of language towards me.
Sincere apologies for the language, but the question(s) still stand: Why on earth is this the fault of the President (any President - same would go for Bush and that spy plane incident with China), and why on earth should Iran give the drone back?
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Old 04-24-2012, 02:38 PM   #116
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The main reason why most college grads can't find a full-time job within their major is because the majority of those who do not have job graduated with useless degrees such as creative writing, humanities, arts, English and other majors that do not equalize career opportunities and cash in the long term; so it is important to consider that the economic situation and unemployment are not the sole responsible factors in not landing a job right after graduation. People's decisions and characters matter immensely as well.


as a former English major and someone who hires people, those with strong writing and critical thinking backgrounds are vastly more impressive to me than someone with technical skills. the world needs more liberal arts majors with precisely these skills.

but then this could all be dependent upon one's chosen field.

however, blaming college grads for being unemployed as you've done seems completely and utterly wrong.
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Old 04-24-2012, 04:33 PM   #117
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Chuck Grassley: Colombian prostitutes or Russian spies? - Mackenzie Weinger - POLITICO.com


Grassley is up for reelection in Nov.
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Old 04-24-2012, 05:39 PM   #118
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I hope that grad stat is more of a temporary condition, compared to the 30 year+ arc of the context of the graph. But perhaps there are better options. Raising the retirement age is certainly not one, it is a truly terrible idea.
Why? It was never designed to provide for a 20 year retirement. When Soc Security was created in the 30's life expectancy at birth was only 58 for men and 62 for women--the original retirement age was 65. You do the math.
Quote:
First, that CBO chart suggest it would be among the least monetarily effective ways of reducing the SS shortfall.
Please make note of something I put in bold from the article:
Quote:
“The general fund has been borrowing from Social Security and we've borrowed well over $2 trillion,” he said. “That money has got to be paid back. How's it going to be paid back? It's going to be paid back by the other general expenditures of the federal government having to be reduced to make way for the payments that we're going to have to make on those bonds.”
We've seen the government almost come to a halt over the cutting of 10 billion dollars from projected spending raises somewhere down the road and yet Congress is going to find the meddle to cut spending in order to payback the 2 trillion dollars owed to Social Security? Really?

Quote:
Since 1982, life expectancy for men in the lower half of income has risen by 1 year. For men in the upper half, it is 5 years.
I'd like to see more on those stats. Counting the deaths of the poor from drug abuse or murder, for instance, against live expectancy would render a false picture of health in senior years.
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I would far prefer to adjust the COLA.
Which in inflationary times would truly be a penalty.
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Old 04-24-2012, 06:55 PM   #119
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Why? It was never designed to provide for a 20 year retirement. When Soc Security was created in the 30's life expectancy at birth was only 58 for men and 62 for women--the original retirement age was 65. You do the math.
I am not opposed to a reasonable raising of retirement age, and I think the arguments you put forth are logical. There is very little downside in raising the retirement age to 67, as has been done in Canada without fanfare or anyone really batting an eyelash.

But I would like to add that as somebody who is 32 years old, I really do think that more and more we will see a generational war emerge. No, I don't mean WAR, but more of a resentment. On a personal level, with all due respect to my parents' generation, but truly the baby boomers have got to be, as a group (there are fine individuals) the most selfish, entitled generation that we have ever seen. They treated the earth like it was their own personal toilet to shit all over, they rewarded themselves with completely unsustainable entitlement programs and sweet pensions which we, the young, will now have to pay for until kingdom come, they ran up the deficits in nearly every Western democracy like drunken sailors. They have left us worse off than their parents left them - we'll be working well into old age as who knows what retirement age will be by the time we reach it, we'll deal with the consequences of climate change and the failed policies of relying on the Middle East for our oil because God knows if you didn't drive a 12 cylinder beast in the 70s for 10 cents a litre, you weren't livin', etc.

So instead of blaming the youth for being unemployed and projecting English poetry degrees on all of them, and blaming them for a crumbling society and social ills that come with it, why don't we look at their parents' generation for a truly fantastic example of egregious governance. Pathetic.
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Old 04-24-2012, 07:00 PM   #120
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when you start to lose your base....it's not looking good for you...

Jon Lovitz Rant on Obama Has Web Buzzing - Yahoo! TV

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Jon Lovitz Rant on Obama Has Web Buzzing

By Claudine Zap | Yahoo! TV – 2 hours 28 minutes ago.. .

Comedian Jon Lovitz has a serious -- and salty -- message for President Obama.

The former “Saturday Night Live” star delivered some choice words for the president on his podcast, "The ABCs of SNL." The show is co-hosted by Kevin Smith and calls itself “Live from the Jon Lovitz Podcast Theater.”

The actor said he’s a Democrat and voted for Obama, but now he’s mad as hell at the president’s plan to raise taxes on the rich -- and his rant has the Web buzzing.

The comic called Obama a “[bleep]ing a-hole... for saying the rich don't pay their taxes." Lovitz delivered his invective after assuring the audience “I voted for the guy” and even expressed admiration for Obama’s rise from “nothing.” “He had no father -- he is mixed-race, which is a burden… and the guy ends up going to Harvard, and he's the president of the United States.”

Lovitz gave Obama no slack for turning against his fellow millionaires, however. “This whole thing with Obama saying the rich don't pay their taxes is f---ing bulls---,” he said. “First they say to you… ‘The United States of America, you can do anything you want -- go for it! So then you go for it and you make it and everyone's like, ‘[Bleep] you!'”

Lovitz was most likely referring to Obama’s proposed “Buffett rule,” which stipulates that those making $1 million or more pay at least 30% of their income in taxes.

Response on the Web has varied. David Hill, who wrote, “During this entire debate, I've been asking myself 'But what does Jon Lovitz think?' Now I know, and all is right with the world.” Gloria commented, "He makes more than the majority of us and pays less taxes than us, how can he complain.” James added, “Just for that, Mr. Lovitz shall be taxed at 200%.”

Later in the podcast, the “SNL” alum discussed his past work on the sketch comedy show, saying he played characters who were “arrogant idiots” -- people who “think they know everything but they’re a moron." Smith, without missing a beat, asked, “Like people who go on about the government?”

This isn’t the first time Lovitz has delivered an opinion that’s attracted attention. The actor recently tweeted about an act of anti-Semitic bullying, and his online campaign is credited with having the girls involved in the incident expelled from their Los Angeles middle school.

Check out Jon Lovitz in this vintage "SNL" clip from 1989:
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