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Old 03-27-2008, 06:15 PM   #1
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Think long and hard about this!!!!!!

As you make you're decision on a new president think long and hard about this...

http://www.cnn.com/2008/US/03/26/bec...cit/index.html
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Old 03-27-2008, 06:50 PM   #2
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Glenn Beck? I could make a better man out of a banana.
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Old 03-27-2008, 06:55 PM   #3
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Originally posted by financeguy
Glenn Beck?
Exactly...
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Old 03-27-2008, 07:05 PM   #4
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on this issue, glenn is right on the money-no pun.

on the whole glenn beck is an out the box thinker and a righteous man.

dbs
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Old 03-27-2008, 07:07 PM   #5
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It's really the biggest issue we have.
Bigger than the war.
And it also tells us exactly what's wrong with our country.

In 2004 when Bush was re-elected, he spent all of his political capital from that re-election trying to push that shitty plan of his through Congress. Crap plan and it left the Republicans impotent on the issue.

The Democrats were quick to point out how shitty the plan was and yet, haven't offered up anything as an alternative.

Once again, the party of bad ideas vs the party of no ideas.

I've said it from the jump, the two party system fails this country.

It's going to take sacrifice and there isn't a politican in DC willing to step up to the plate and risk his/her re-election to tell the public the truth about this issue.

The Republicans cutting taxes, which IMO does for the economy like bailing water out of a leaky boat with a luxury deck. It keeps you from sinking, does nothing to solve the actual problem and the people up top, never get wet.

The Democrats sit around arguing about how shitty the boat is and describing the ideal boat with no idea how to put that boat on the drawing board. They then fudge the numbers on what the price is. They are afraid to tell you what their ambitions will cost you.

I don't really like Glenn Beck but I agree with him here.
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Old 03-27-2008, 07:28 PM   #6
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This has NOTHING to do with Glenn Beck. You need to set that aside and pay attection to the issue because it disturbing and true. Its a good article.
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Old 03-27-2008, 08:36 PM   #7
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Quote:
Originally posted by gherman
This has NOTHING to do with Glenn Beck. You need to set that aside and pay attection to the issue because it disturbing and true. Its a good article.
Brother,

I don't think these kids can.

It's kill the messenger first examine the message later and justify the killing even later in these parts

dbs
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Old 03-27-2008, 08:50 PM   #8
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Originally posted by diamond


Brother,

I don't think these kids can.

It's kill the messenger first examine the message later and justify the killing even later in these parts

dbs
I know and its sad.

The only thing I don't like about the article is he gives the U.S. public too much credit. Most people really don't want the truth because the truth is too scary but we need to start dealing with it. That is shown just in the first few posts on this thread.

Non of our candidates like to talk about it either. Not going into who I like but one thing I can say is Ron Paul is the only one I have heard that actually has a plan. Wheather he's right or wrong I don't know but at least he has the guts to put it on the table.
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Old 03-27-2008, 09:01 PM   #9
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Quote:
Originally posted by gherman
I know and its sad.

The only thing I don't like about the article is he gives the U.S. public too much credit. Most people really don't want the truth because the truth is too scary but we need to start dealing with it. That is shown just in the first few posts on this thread.



Quote:
Originally posted by diamond
[B]
Brother,

I don't think these kids can.

It's kill the messenger first examine the message later and justify the killing even later in these parts

dbs

I think I'd assign more weight to the opinions of a real, actual, qualified economist (and one who has been writing about the issue for years) than Glen Beck:-


Quote:
The Distant Future

The distant future plays a strangely large role in the current discussion. To convince us of the direness of our plight, privatizers invoke the vast combined infinite-horizon unfunded liabilities of Social Security and Medicare. Their answer to that supposed danger is to borrow trillions of dollars to pay for private accounts, which supposedly will solve the problem through the magic of high stock returns (a supposition I've just debunked.) And all that borrowing will be harmless, say the privatizers, because the long-run budget position of the federal government won't be affected: payments 30, 40, 50 years from now will be reduced, and in present value terms that will offset the borrowing over the nearer term.

I'm all for looking ahead. But most of this is just wrong-headed, on multiple levels.

Let me start with the easiest piece: why the distant future of Medicare is something we really should ignore. And bear in mind that most of those huge numbers you hear about implicit liabilities come from Medicare, not Social Security; more to the point, they mostly come from projected increases in medical costs, not demography.

Now the main reason medical costs keep rising is that the range of things medicine can do keeps increasing. In the last few years my father and mother-inlaw have both had life-saving and life-enhancing medical procedures that didn't exist a decade or two ago; it's procedures like those that account for the rising cost of Medicare.

Long-run projections assume, perhaps correctly, that this trend will continue. In 2100 Medicare may be paying for rejuvenation techniques or prosthetic brain replacements, and that will cost a lot of money.

But does it make any sense to worry now about how to pay for all that? Intergenerational responsibility is a fine thing, but I can't see why the cost of medical treatments that have not yet been invented, applied to people who have not yet been born, should play any role in shaping today's policy.

Social Security's distant future isn't quite as speculative, but it's still pretty uncertain. What do you think the world will look like in 2105? My guess is that by then the computers will be smarter than we are, and we can let them deal with things; but the truth is that we haven't the faintest idea. I doubt that anyone really believes that it's important to look beyond the traditional 75-year window. It has only become fashionable lately because it's a way to make the situation look more dire.

Now let's return slightly more to the world outside science fiction, and ask the question: can we really count purported savings several decades out as an offset to huge borrowing today?

The answer should be a clear no, for one simple reason: a bond issue is a true commitment to repay, while a purported change in future benefits is just a suggestion to whoever is running the country decades from now.
http://www.truthout.org/docs_05/010305F.shtml
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Old 03-27-2008, 09:07 PM   #10
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Originally posted by U2DMfan
It's really the biggest issue we have.
Bigger than the war.
And it also tells us exactly what's wrong with our country.
No, it's what the corporatists want you to believe is the biggest issue.
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Old 03-27-2008, 09:10 PM   #11
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Originally posted by diamond


Brother,

I don't think these kids can.
I'm sure financeguy gets just about as big of a kick as I do that we are lumped into the same category.

Yes, it's an important issue, but does Beck know what he's talking about? Does he attack it correctly? No.

Come on you two, do a little research and quit letting this guy speak for you.
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Old 03-27-2008, 09:18 PM   #12
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I liked Obama's speech on Wall Street today, because he told it like it is.
1. The Republicans have been trying to get rid of social security since the 1930's.
2. The tax cut economic and trickle down free theory don't create long term economic growth. Investing in a country's infrastructure does. Education, roads, high tech jobs, etc..
3. Tax cuts and wars create inflation for a country. Anyone that has taken macro economics knows this. I guess Bush was asleep during economics 101.
4. What America needs to do is increase taxes on the richest 10 and 1%. Including make them pay their share of Social Security taxes for their full income no just on $90,000. All us poor Americans are paying more then they are, so it wouldn't hurt Bill Gates too much to pay his share. He couldn't spend the money he makes in a lifetime and he can't take it with him when he dies.
5. Keep the estate tax because it only will affect the rich, and they inherited the money anyway, so they don't know about doing without. Bush wants to get rid of it but he was born with a silver spoon in his mouth.
6. The richest 1% have been selling Bullsh*t to Americans for the past 30 years, because they want to bring back the 19th America of low wages, long hours and debtors prison. What a scam.
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Old 03-27-2008, 09:37 PM   #13
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Quote:
Originally posted by BonoVoxSupastar


I'm sure financeguy gets just about as big of a kick as I do that we are lumped into the same category.

Yes, it's an important issue, but does Beck know what he's talking about? Does he attack it correctly? No.

Come on you two, do a little research and quit letting this guy speak for you.
Ok. You tell me why this isn't a problem and we should just ignore it.

http://www.house.gov/paul/tst/tst2004/tst102504.htm
http://www.lewrockwell.com/paul/paul217.html
http://www.brillig.com/debt_clock/
http://salem-news.com/articles/march...ed_3-15-08.php
http://zfacts.com/p/461.html
http://en.wikipedia.org/wiki/United_States_public_debt
http://www.federalbudget.com/
http://www.cedarcomm.com/~stevelm1/usdebt.htm
http://www.msnbc.msn.com/id/17424874/
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Old 03-27-2008, 09:38 PM   #14
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Quote:
Originally posted by financeguy


No, it's what the corporatists want you to believe is the biggest issue.
Tell me why this isn't an issue.
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Old 03-27-2008, 09:58 PM   #15
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Ok. You tell me where I said it isn't a problem and we should ignore it?

Read my post again.
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