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Time To Cut Off The Old Folks

"Taxed to Death" read one of the tea party signs.

And yet check this out:

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Median household income in the United States is about $48,000.

I acknowledge this takes account of things such as exemptions for children and mortgage interest deductions which many not apply if you're single or an empty-nester with no mortgage, and it does not reflect the payroll (Social Security) tax.

But Dave, you say, it's the huge out-year deficits and FUTURE taxes we're worried about.

I understand.

But what drives those numbers has nothing to do with the stimulus. It's about the ballooning cost of Medicare and Social Security (although by some accounts Social Security is technically solvent until 2041).

In other words, the old folks.

We're going to have to decide how generous we can afford to be to people who aren't working anymore.

Children used to support their elderly parents directly -- my folks wrote a monthly check to my grandparents -- are we prepared to do that again?

Gaze into the crystal ball:

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("HI" stands for Hospital Insurance.)

Congress also added a Medicare Drug benefit in 2005. Here's what that does:

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Note: these charts reflect what was in the pipeline BEFORE the Big Collapse and before the stimulus.

So when you protest those outrageous future government deficits, you're protesting the money we spend on the old folks -- which all of us will be someday. We will have to cut their retirements, make them work longer, stop providing heart surgery to 80-year olds, end private hospital rooms, take care of them at home, or some combination of these.

But Dave -- why don't we just cut the earmarks. Amen! Let's do it!

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You are still going to have to cut off the old folks. Unless... you can accept deep cuts in defense spending. But as I discovered in my own campaign, challenging defense spending doesn't get a politician elected.



  • Add A Comment

  • randbo wrote...
    Pie Chart
    Dave, where's the pie chart showing the amount of pork?
  • Dont blame me I voted Conservative! wrote...
    Defence spending on our nations security
    is insignificant compaire to the Welfare tax and spend mentality of this regime. Not to mention the paid for by taxpayer Free health care for the Illegals. Now we talk about cutting off our citizens in favor of not reducing the rape of our taxpayers to pay for the lazy welfare bums that Socialiism has allowed to metasisize whith in our nation.
  • real republican wrote...
    Smarter money
    I have to agree that we are spending alot of money on retirees. I think that this problem could be greatly mitigated by some common sense adjustments to the way we conduct buisness in the medical industry. It seems to me when you look at the money we are spending in dollars there is alot of areas where we could save huge money. One I think Dave hit on the head was paying for extremely expensive medical procedures for people who's likelyhood of living another 10 years or less is almost non exsistant. If a person in that position has the money to pay for it then more power to them, but unless we are going to run this country into to bankruptcy I think some harder line common sense rules would be needed.
  • real republican wrote...
    Smarter money also
    I would also agree that we have way to many people living on the dole. If we are going to have welfare programs then we need to have a way to only allow limited access. Many of these programs are state funded, but alot are subsidized heavily with federal money as well. There is no reason, I couldn't care less how many children you have, why a perfectly healthy able bodied person should not be working. It should be required.
  • Crate of Love wrote...
    Tokyo Ross at it again
    So when you protest those outrageous future government deficits, you're protesting the money we spend on the old folks

    Yep. Old folks who can't take care of themselves deserve what's coming.

    -- which all of us will be someday.

    Not if we all were guided by Logan's Run, a policy position I wholly support.

    We will have to cut their retirements, make them work longer, stop providing heart surgery to 80-year olds, end private hospital rooms, take care of them at home, or some combination of these.

    So? You're describing champagne dreams, fink. America has a Rainier Beer budget. By the way, learn how to compose a halfway decent blog post. Surely mynw.com can afford an editor to correct your consistently gross grammar errors?

  • Crate of Love wrote...
    Dave deleted and censored one of my posts
    I just posted this:

    Dave - I respectfully must take issue with your statement that chart #3 was created with data compiled prior to the bailout. I believe it was drafted within the last 30 days if I'm not mistaken. My source is OMB Staff Circular 32.111/24 (12/14/2008). Thank you for noting my correction.

    and Dave (AKA Tokyo Ross) censored and deleted it. Obviously he can't deal with criticism or the deconstruction of his arguments.

  • SeattleD wrote...
    randbo
    Earmarks and pork barrel spending are the same thing. Earmarks sound better so its an earmark when your senator brings the money to your state to be spent on something you will benefit from. Its pork when some senator from another state is spending the money on something in their state that will not benefit you personally.
  • mulligans wrote...
    Oops Dave now you've let the cat out of the bag.
    So why is social securuty such a burden on taxpayers? That's right the politicians emptied the fund to pay for all kinds of things over the last 40 years. The reason it's 'solvent' until 2041 is because congress has put some big I.O.U.s in the box. Of course they signed our childrens names to those I.O.U.s. Dave is very politician like showing a chart where the middle class tax burden has decreased and then tells younger earners they should write a check to their parent each month. Write a check to my parents? Heck no, we need to raise taxes so the government can pay them. Smooth. Medicare and the drug benefit are an unfunded give away and maybe should be axed. Social Security is money that was spefically deducted from paychecks to go into an account with a number on it. If our bankers did with the money we deposited with them what the politicians have done with our SSI, they would be in prison. So now in order to form a more social union, Dave thinking people will say, "Raise taxes! We don't pay enough! Just raise them on the rich, not us!" It will be a beautiful thing when we have finally redistributed the wealth as fully as the Soviet Union did. Life will be soooo sweet!
  • Dont blame me I voted Conservative! wrote...
    I do agree with you, Dave, on this statement:
    Quote: It's about the ballooning cost of Medicare and Social Security Unquote. Social Security was never desinged to do what it is that we are doing to it. It was desinged as a temporary safety net. Since our paying population has not kept up with anticipation of paying into and offsetting the drain, Social Security will be bankrupt within 10 years or so. Not to mention the fact that the Liberal party has it's money grubbing hands in it, thus forcing it to die faster. Also, with the unemployment levels on the rise, thus less payers paying into Social Security, it is futher in jepardy. How long before a regime forced bailout of SS is implemented on our tax dollars. Our tax dollars paying for SS! How ironic indeed!
  • Chuck Gould wrote...
    Socialist Security
    I fondly remember my school days. About once a week we would have a drill where all the students crawled around the floor to take cover under our desks. We were preparing for the possibility that a nuclear missle might land in the playground- where else would the commies be more likely to attack than a working class neighbohood in north Seattle? Immediately following the drill, we were taught the fallacies of collectivism. "The government takes all of your money, and then gives you a set allowance each month upon which to live. The heart surgeon and the street sweeper get the same allowance. This is a very, very, bad system that discourages people from working or inventing things. Communists are trying to take over America, they will never give up, and it will be up to boys and girls like you to stop them if you can."....I doubt that a majority of my elementary school teachers are still living, but if they are they are all practicing socialists. The government takes our money, during our working years, and then distributes the contents of the common pot on a relatively equalized scale. Yes, I fully appreciate that we have all been paying in and deserve to be able to make withdrawls- but the moment we have withdrawn all of our personal contributions as well as a reasonable rate of imputed interest we become welfare recipients and are living off the labors of others. Not a good plan for a society that lives longer than ever. (Wasn't life expectancy about 68-70 years, back when the retirement age was set at 65?) However, if we're going to phase out Social Security it has to be done over a generation or two. It's not feasible to tell people only a few years away from retirement that all of the rules have changed and they must now plan on working literally until they drop dead on the job. And, as much as I recognize that Social Security is socialism in its purest form and even though I have been lucky enough to arrange things so I could probably get by OK without it, sometime in the next 5-10 years I will likely decide I'm ready to quit working. I will be the first to admit that at that time I'll be knocking on Social Security's door looking for my monthly allowance from the common pot.






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