Wednesday, November 21, 2012

Steve's barking at what do with flat earth economics

This country and the world has taken sides in the great economic debate and by golly the flat earth people are winning.
It seems that over whelming  majority of Americans want to keep social security and medicare.
Now the flat earth people want to save these programs by destroying them.
Let see have a voucher system for medicare, that's really going to save medicare or for that mater help balance the books.
Then we have the people who want to raise the age of social security. I know for a fact I'm pissed off at my country now for lying to me about social security, after all when I started to go to work I was told that I would get full social security benefits at 65, then in the middle of my work life it became 66 and younger people it's even older. Now they want to extend that even more.
Now I have an idea what to do with these worry worsts ( flat earth people who worry about the debt).
Let's do the logical thing, eliminate the cap on the social security portion of FICA. The part that employers pay would be fazed in as needed. The part that employees pay is not needed now but could be used to pay down the debt till needed then go into the social security trust fund.
Medicare part of taxes should be raised gradually as to eventually eliminate the need to take money out of the general funds.
Lets add 2 percent to capitol gains tax to help offset medicaid spending from the general fund.
Lets not change the marginal rates to the tax code at this time if the above is agreed to. One can only go to the well so often.
Lets have a use it or lose clause to any grants the Federal government gives out. And a provable system that these grants were used probably.

Now lets talk about those European flat earth economist.
Is Europe who was once the ruler of the third world turning into a third word economic continent?
If they continue the way there going it sure looks that way.
Do I have any solutions? Nope. Not at the present time.
I doubt the flat earth economist in the US would look at my solution  to their worries. In  fact I think that there's a 99.9% chance that they would be clueless at my suggestion to there budgetary fears, after all their flat earth people.


 

  

 

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