TopGearFanatic
Duke of St. Louis
Did I have a dream about 2001-2006?
I thought this thread was about Obama's term. Am I in the wrong thread?
Did I have a dream about 2001-2006?
Lets be honest, most of the future debt will be driven by the entitlement programs of Social Security, Medicare, and Medicaid. Reform is needed.
I agree on this.Not at all. Obama gave a very clear and un-misunderstandable narrative. Change you can believe in. His malfunction was in the fact that after he got elected, he took that narrative and threw it out the window.
Yes, that very true.2008 was not a vote for Obama--it was a vote against Bush.
In this thread: most people have no idea what they're talking about.
The answer is persistent unemployment.
Not at all. Obama gave a very clear and un-misunderstandable narrative. Change you can believe in. His malfunction was in the fact that after he got elected, he took that narrative and threw it out the window.
2008 was not a vote for Obama--it was a vote against Bush. Since then, the voters have realized they hate Obama just as much as they hated Bush,
I'm beginning to suspect depth of religious belief is the only real difference between the two main American parties.
wolfigor said:According to NY Times these items had relatively little impact on the growth of USA deficit
I also posted a forecast of public US debt (up to 2019) if Bush tax cuts and other bills are not removed:I'm speaking of long-term debt. A decade-plus out. We will have a lot more people retired and collecting SS and medicare and a lot fewer people working and paying into the system. Some reform will be needed.
wolfigor said:However all developed countries have the issue of aging population with decreasing number of active workers, not only USA.
To solve such a problem in the very long term we will need really innovative thinking an a complete restructure of our society... something quite out of scope for this thread.
That problem has been well-known for over 40 years now. The baby boom is not exactly a secret. Yet Reagan deliberately used the increased SS funds collected to accommodate that gap to help pay for his own big government, and everybody has essentially ignored the problem ever since while using the SS fund to pay for even more big government.I'm speaking of long-term debt. A decade-plus out. We will have a lot more people retired and collecting SS and medicare and a lot fewer people working and paying into the system. Some reform will be needed.
I think the problem with even bringing up entitlement reform now is that 'reform' has become a by-word for 'completely gut it'. I completely agree that the entitlement programs, along with many other programs, need some reform so they can better carry out their function. However, taking the current program and gutting it is in no way meaningful reform. Any problem can be dealt with in the short term by gutting it, but that is often a less then ideal solution long term.This problem is exactly what i'm talking about. It is certainly a problem elsewhere as well, probably moreso in Europe and Japan. My point is we shouldn't look on proposals to reform entitlements as political suicide. To do nothing is what we kill us in the decades to come.
I also posted a forecast of public US debt (up to 2019) if Bush tax cuts and other bills are not removed:
However all developed countries have the issue of aging population with decreasing number of active workers, not only USA.
To solve such a problem in the very long term we will need really innovative thinking an a complete restructure of our society... something quite out of scope for this thread.
The demographics problem is not as bad in the US as it is in most other developed nations. Most of that problem actually goes away if we control spiraling health care costs.
We don't need 'innovative thinking'. We need Universal Health Care and put the health care sector on a budget. We know exactly what we need to do. And none of it is radical or difficult. It is the politics which cause the problems. Not the situation.
And what about the Bush era tax cuts? You know, the big orange blob on the graph.
100,000 Japanese in prison for no reason ring a bell?
It will solve the problem temporary if at all.Hell, if demographics was the only problem, the US could solve it in a decade with immigration.
A solutions like "Universal Health Care and put the health care sector on a budget" is a radical re-thinking in USA, that will involve putting the needs of people in front of the needs of corporations.The primary demographics problem in the US is not demographics at all: It's the worsening health care sector problem. If the health care problem is solved, the demographics problem becomes minor adjustments, not radical rethinking.