General Discussion

alc

(1,151 posts)

68. need to see the short and long-term explanations and total package

Wed Oct 23, 2013, 08:48 AM

Oct 2013

If interest rates go up (higher debt service costs) and ACA costs are higher than expected we can be screwed in 10+ years. Those are not unrealistic "ifs". SS will need to cash in a lot of trust fund bonds every year so it DOES have an affect on the general budget (debt service of those bonds).

I'd like to see a major change in our revenue/budget system. Put everything on the table from tax increases (income, cap gains, SS caps) to means testing to older retirement to who knows what. "Default" is pretty scary so let's not stay in a situation where it's possible every 2 years because of stubbornness, and may be impossible to avoid in 10-20 years (without printing huge amounts of money - much more than we do now - which is a different type of irresponsible debt service).

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Brass Tacks 2.0... Would YOU Support ANY Democrat That Proposes Cutting SS & Medicare Benefits ??? [View all] WillyT Oct 2013 OP

K7R pscot Oct 2013 #1

I'm With You 777 WillyT Oct 2013 #3

Absolutely not. Plain and simple. Autumn Oct 2013 #2

:loveya: WillyT Oct 2013 #4

love ya too WillyT Autumn Oct 2013 #10

How do you define "cutting?" treestar Oct 2013 #5

Oh No... You Tell ME... What "Cuts" Do Not Impact Those ENTITLED TO THE BENEFITS THEY'VE EARNED ??? WillyT Oct 2013 #8

You didn't answer: what's a "cut"? Recursion Oct 2013 #21

Under a chained CPI they will go down, relative to the inflation faced by the elderly Dragonfli Oct 2013 #24

By definition, no Recursion Oct 2013 #26

misinformation Dragonfli Oct 2013 #27

Yes, your post was. Glad you recognize that (nt) Recursion Oct 2013 #28

Chained CPI does not figure inflation correctly. JDPriestly Oct 2013 #37

That's a good synthesis of how it's been described on DU, but not very accurate Recursion Oct 2013 #58

The bottom line is that this should not be a part of any Deficit talks sabrina 1 Oct 2013 #86

He is sitting in Mumbai, India RandiFan1290 Oct 2013 #44

What is disgusting is attacking Americans because they live in another country treestar Oct 2013 #52

This again? Recursion Oct 2013 #61

Total misinformation. Enthusiast Oct 2013 #50

They always leave that out - that even if it were adopted, it would not treestar Oct 2013 #51

The Chained CPI is intended to cut SS. Not 'by definition' or any other sabrina 1 Oct 2013 #70

The average Social Secuirty benefit is maybe 200 dollars above the minimum wage level. JDPriestly Oct 2013 #36

Why do you ignore the fact that under O's floated proposal the poorest 1/3 keep the old CPI? Recursion Oct 2013 #60

Gee, upthread you were claiming that CCPI is the more true measure of inflation, a good thing Bluenorthwest Oct 2013 #74

Nope Recursion Oct 2013 #75

Because the people between 1/3 and 1/2 still fall gradually below the poverty line. JDPriestly Oct 2013 #87

The poverty rate among US seniors is 15% Recursion Oct 2013 #89

I guess I am wayyyyy below avg. Bohunk68 Oct 2013 #73

Yes. Approximately 1/2 of the receipients of Social Security are under the average level. JDPriestly Oct 2013 #88

It's a simple question treestar Oct 2013 #49

Anything that takes a single penny away from those who OWN that fund. sabrina 1 Oct 2013 #69

no, No and NO cantbeserious Oct 2013 #6

No! truebluegreen Oct 2013 #7

Exactly TexasBushwhacker Oct 2013 #15

cost cutting measures can be made without cutting benefits krawhitham Oct 2013 #9

And You'd Better Be Damned Careful, Honest, And Explicit When You Try To Explain That Theory... WillyT Oct 2013 #13

How? Medicare has lower administrative costs than does private insurance. JDPriestly Oct 2013 #38

Propose yes. Proposing it can be nothing more than a political chess move. Actually voting for okaawhatever Oct 2013 #11

Like the chess move that pays banks $85 billion a month because it's good for the little people? jtuck004 Oct 2013 #23

You are watching to much Richard Wolff BelgianMadCow Oct 2013 #25

I had heard the name, but never read up on him. But behold, a web site. jtuck004 Oct 2013 #35

He made an analysis of the recovery that isn't a recovery unless you disregard the majority BelgianMadCow Oct 2013 #48

+1 cui bono Oct 2013 #32

Plus 1,000,000! Enthusiast Oct 2013 #53

Ommm.....none of the things you mentioned, except the expiration of the Recovery Act, have anything okaawhatever Oct 2013 #90

And they say manufacturing is dead, yet some can manufacture excuses all day long. jtuck004 Oct 2013 #93

It's the Democrats who keep raising the subject. JDPriestly Oct 2013 #34

Dempocrats may be betraying their ideals by suggesting cutting social security, but they aren't for okaawhatever Oct 2013 #92

Proposing it puts it on the table, LWolf Oct 2013 #65

"You want X? Ok, what will you give me for X?" That's the game. JoePhilly Oct 2013 #85

Thank you, it seems the seniors are starting to come around. I was wondering what the numbers okaawhatever Oct 2013 #91

YUP ... and your last sentence really nails another great point. JoePhilly Oct 2013 #95

Time to bring out the old "anti-war" crew. Hell, no we won't go ... without healthcare for our libdem4life Oct 2013 #12

snatch defeat from the jaws of victory dembotoz Oct 2013 #14

Chuckle ReRe Oct 2013 #30

That's "Democratic". Enough with the Rovian re-naming. riqster Oct 2013 #43

never.... mike_c Oct 2013 #16

Me Too... WillyT Oct 2013 #17

Already cut SS benefits when they upped age to get full benefits. kiranon Oct 2013 #18

exactly. So many on here swear their precious democratic leaders have never hurt SS. liberal_at_heart Oct 2013 #22

+10000 woo me with science Oct 2013 #29

It wasn't that the increases Bohunk68 Oct 2013 #71

We need to end the trade agreements that permit US jobs to be moved overseas without JDPriestly Oct 2013 #40

We need a pro-American trade policy. Enthusiast Oct 2013 #59

"Where are the jobs?" Enthusiast Oct 2013 #56

That's sacred territory BlueJazz Oct 2013 #19

What's a "cut"? Recursion Oct 2013 #20

A reduction in buying power. Quit your dancing, your answer is yes but it is preferred TheKentuckian Oct 2013 #62

"Too generous" is a weird way to put it. Recursion Oct 2013 #63

I'm pushing for reductions to the TSP portion of FERS, we can't afford that extra gravy Bluenorthwest Oct 2013 #76

I don't see what is weird about it. That has to be the argument, most folks are just over broke, at TheKentuckian Oct 2013 #83

They are too meager, which is why it would have to include something big Recursion Oct 2013 #84

medicare needs to EVOLVE. the SS FICA cap needs to be ELIMINATED. BOOM that is it. pansypoo53219 Oct 2013 #31

What evolution do you propose for Medicare? JDPriestly Oct 2013 #41

No way, Jose ReRe Oct 2013 #33

Depends. pnwmom Oct 2013 #39

Depends on circumstances - how bad things are, what people might get in return, whether Hoyt Oct 2013 #42

I had to choose "No"... because there wasn't a "NO WAY IN HELL!" option.... Ghost in the Machine Oct 2013 #45

^ agree100% with Ghost! peacebird Oct 2013 #46

Hell no. nt DLevine Oct 2013 #47

Chained CPI is CUTTING Social Security eridani Oct 2013 #54

not just hell no but, gopiscrap Oct 2013 #55

Let Senator Durbin know how you feel--sign the CREDO petition eridani Oct 2013 #57

As it says on the red graphic .... Scuba Oct 2013 #64

Well they may say they won't Puzzledtraveller Oct 2013 #66

Yes Savannahmann Oct 2013 #67

This is not election season. If Skinner wants to ban folks for being actual Democrats he Bluenorthwest Oct 2013 #77

The question was would I support them? Savannahmann Oct 2013 #80

need to see the short and long-term explanations and total package alc Oct 2013 #68

hell no... Slashed Enough Already eShirl Oct 2013 #72

I'm calling bullshit on myself. dawg Oct 2013 #78

Is there a video of a Democrat making such a proposal? JoePhilly Oct 2013 #79

No meanit Oct 2013 #81

I generally wouldn't but given the option of either voting for them or a Republican/Independent with Xyzse Oct 2013 #82

That "logic" means you can be herded as long as their is that scarier alternative TheKentuckian Oct 2013 #94

Well, this is how I voted Obama. Xyzse Oct 2013 #96