I.O.U.S.A. Bonus Reel: Deficits and Social Security

FYI China and other nations who are holding much of the debt are the ones getting paid a lot of this...not the US Consumer.

I understand your point but hey, if you're not pissed you're not paying attention ;-D

You are right on the presidential lack of sense issue. I keep hearing facts I know but very little on how to fix it. GRRRRRRR

wow... i forgot about clinton was 8 years... i'm wrong about that, but you're diluted a little with your bashing...

all presidents since wilson IMO have been pathetic and have ruined this country in a way...

Bush was a shame! Clinton was in for 8 years, the budget didn't have a surplus until his last 4, it was ALL Clinton. Reagan, Bush I and Bush II are the only real terrorists this country is facing today.

For every debit, there is a credit. If the Govt spends one dollar (credits the private sector by one) it has a debit of one. If the Govt spends two dollars (debit), the private sector gains two dollars. (credit) It is a common myth that deficits are 'bad' for the nation because it sends the message that somehow the collective 'we' are poor. When in fact, every dollar that the US Govt is in deficit (debit) is exactly equal to the amount the US consumer (private sector) is in credit!

It was not him... it was his advisor's around him.

But it's about finding the right combination of things. Clinton's people took the George Bush 41 setup and improved it to balance the budget. Notice the graph 4 years before the green... rapid improvement in the deficit because of Bush 41 policies...

my opinion is that both were the better ones that we have seen since kennedy.

The

I say people under the age of 35 no longer get SS benefits, and no longer have to pay. Those who have been paying all these years that are under 35, get a refund. People above 35 can opt out of paying and will receive less benefits, or they can pay into it and receive full benefits.


Eliminate social security!

I'd rather take that money and invest it myself, then let the gov't fu*k me.

Wow, Clinton really did so much for us and we never saw anything like this.

Something you forgot ADD solar, wind, robot....! that new mathmatic economy system are VERY different from old economy system.

Solar, Wind, Robot,.. make overcome debt!
BUT old economy system big problem because where new "clone" money?
Change new economy system will be earse debt debt! because if have to solar, wind, ..robot,..

$53 Trillion (which includes our future obligations such as Social Security & Medicare) divided by
117 Million US taxpayers equals
$452,991.45 per taxpayer

And to add insult to injury, now we have to pay for THREE things out of current taxes...

1. The stolen Social Security surplus

2. The "interest" on ALL money ever paid into social security... NONE of which was ever "saved"

3. TO CONTINUE ALL THE WASTEFUL GOVERNMENT PROGRAMS STARTED UP WITH THE "SURPLUS" ... these other programs that were funded will need to continue to be funded only now out of current debt or taxes.

Only one solution here... Freedom. End the programs.

This shows clearly how the government has OUTRIGHT STOLEN from Americans since the day Social Security was implemented!!

I said STOLEN and I mean it! What is it but THEFT? You can say "help cover other bills" but what that really means is "stole from the future to pay for other government waste we would not want to burden current taxpayers to pay for"

This is how all socialism dies. America is not immune.

it all seems to be a bit of a snowball....of doom

These graphs really help you understand what is going on.