Reid: Social Security really isn’t part of the problem, you know

posted at 5:26 pm on November 14, 2012 by Erika Johnsen

I don’t think I’ll ever be able to stop myself from wondering how it is that this particular gentleman came to be the majority leader, of the Senate, of the United States of America. …The mind reels. From the WashTimes:

Senate Majority Leader Harry Reid said Wednesday that he will not allow changes in Social Security to be part of the negotiations to avoid a federal budget fiscal cliff, further narrowing the opportunities for savings that could be tapped to close the deficit.

Republicans have insisted that big entitlement programs such as Medicare, Social Security and Medicaid be part of the end-of-year negotiations to head off tax-rate increases and the $110 billion in automatic spending cuts. …

“Social Security is not part of the problem, That’s one of the myths the Republicans have tried to create,” he said. “Social Security is sound for the next many years. But we want to make sure that in the outer years people are protected also, but it’s not going to be part of the budget talks, as far as I’m concerned.” …

“I’m giving you my personal feelings about where we need to go. Take care of the middle class and have the richest of the rich contribute a little bit to helping our economy,” he said.

Let me repeat that. “Social Security is not part of the problem.” Er, actually, these gigantic and growing entitlement programs are the main drivers of our ever-increasing $16 trillion national debt, and Social Security is not a crisis waiting to happen. It’s a crisis that is happening, right now, everyday — and it’s not like ‘nobody could have seen this coming’ or anything. We’ve utterly failed to reform Social Security up until now, and we’re expected to put aside this death spiral because we’ve got a few debt-accumulating years to go before it collapses? Nevermind that I and my peers are paying gobs into a system that will absolutely not be there for us, nor that taxing the “richest of the rich” amounts to less than a drop in the bucket of achieving fiscal sustainability.

Ugh, those vexing Republicans. Always trying to make actual problems the target of the solutions, or whatever.

If we’re being real, it’s true that, most unfortunately, real long-term solutions to our problems will likely not constitute a chunk of whatever fiscal-cliff agreement does or does not go down — but good grief, does he have to be so flippant about it? Or is ‘denial’ not just a river in Egypt?

And, just for good measure, I’ll throw in this recent gem: “[Scott Brown] is one of the most partisan people that ever served here.” …Says the most bipartisan Senate leader, evah. (And yes, he was referring to this Scott Brown.) Dan Doherty’s got the facts on that one.


Related Posts:

Breaking on Hot Air

Blowback

Note from Hot Air management: This section is for comments from Hot Air's community of registered readers. Please don't assume that Hot Air management agrees with or otherwise endorses any particular comment just because we let it stand. A reminder: Anyone who fails to comply with our terms of use may lose their posting privilege.

Trackbacks/Pings

Trackback URL

Comments

I hate this man, truly.

blatantblue on November 14, 2012 at 5:27 PM

What a despicable vile scumbag.
(with apologies to other despicable vile scumbags.)

rbj on November 14, 2012 at 5:31 PM

I can’t imagine he actually believes this stuff. I think he just says the most outlandish things he can think of that will make conservatives’ heads explode.

Ferris on November 14, 2012 at 5:31 PM

…how it is that this particular gentleman came to be the majority leader, of the Senate…

That’s no gentleman, it’s Harry Reid.

Eren on November 14, 2012 at 5:32 PM

Close Nellis AFB, area 51 and any other military installation in Nevada. That should save some money for the Federal Government.

chemman on November 14, 2012 at 5:34 PM

Being a Lefty is so easy. Just believe people like Obama, Pelosi and Reid and go play video games in your moms basement or whatever.

visions on November 14, 2012 at 5:34 PM

If we don’t fix SS, there really isn’t any point in doing anything else either.
Cutting defense will only result in several more 9/11 scenarios in the future, and bigger.
Is there anything else they want to touch?

redshirt on November 14, 2012 at 5:34 PM

Corpse doesn’t care, he will be long dead by the time this disaster is fully realized.

Bishop on November 14, 2012 at 5:35 PM

“I’m giving you my personal feelings about where we need to go. Take care of the middle class and have the richest of the rich contribute a little bit to helping our economy,” he said.

Well there you have it. “The rich” will just have to give up 100% every year. Harry “The economic genius” Reid has spoken.

Once again, THANK YOU NEVADA! This man is the reason you DESERVE to be the nuclear waste dump of the nation.

GarandFan on November 14, 2012 at 5:36 PM

We print money right? So what’s the problem?

/Reid

gwelf on November 14, 2012 at 5:37 PM

What we really need is more Cowboy Poetry readings.

kringeesmom on November 14, 2012 at 5:40 PM

May the creche welcome him soon.

Schadenfreude on November 14, 2012 at 5:41 PM

I’m still mystified as to why it’s so politically unviable to simply raise the retirement age for, say, anyone under 55. It’s a one-page piece of legislation, it makes sense, and it doesn’t hurt those in or near retirement. And I have yet to see any argument against it.

Mohonri on November 14, 2012 at 5:41 PM

The Republicans need to dispense with Senatorial Courtesy (which is patently a one-way street) and start calling (and treating) Harry Reid as the extremist that he is. Sure, the GOP will get heckled in the press for it, but the alternative is to let Harry Reid be treated as reasonable, stomach the daily diatribes against the Republicans calling *the GOP* extremists, and the only thing that will be reported is that the Republicans are extremists.

In addition to this fight-back, the Republicans need to be asking, in response to any even marginally-related reporter’s questions, “Who is it who is taking action to save Social Security? It isn’t Harry Reid. And it isn’t Barack Obama.”

Zumkopf on November 14, 2012 at 5:42 PM

Obama and Reid have impertinent faces.

Obama looks demonic too.

Reid looks charlatanic.

Schadenfreude on November 14, 2012 at 5:43 PM

Reid’s worried about his pomegranates. And concerned he’ll miss the herding Unicorns among them.

Lourdes on November 14, 2012 at 5:44 PM

Socical Security is not part of the problem when you factor in our new death pannels ya know.

APACHEWHOKNOWS on November 14, 2012 at 5:44 PM

I’m used to seeing photos of Harry Reid where he looks like he just ate a dog turd. Seeing a photo of him “smiling” is the scariest thing I’ve ever seen. Please don’t do it again.

RebeccaH on November 14, 2012 at 5:44 PM

Obama and Reid have impertinent faces.

Obama looks demonic too.

Reid looks charlatanic.

Schadenfreude on November 14, 2012 at 5:43 PM

I agree.

Lourdes on November 14, 2012 at 5:44 PM

Not as perplexing: how Reid managed to become a multi-millionaire.

Truly, Reid diddles while America burns …

ShainS on November 14, 2012 at 5:44 PM

I can’t wait until our debt reaches $99999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999

I am thinking it will by 2016 given the Democratic Party’s total lack of concern.

Varchild on November 14, 2012 at 5:45 PM

If the right needs a focus to get back in the fight, all eyes should be on Harry Reid. Three strikes and we’re nearly out against this clown – are we going to let it happen again?

Harry Reid Must Go!

msmveritas on November 14, 2012 at 5:45 PM

Lies, bigger lies, giant lies, stupendous lies, head-banging lies, more lies, never-ending lies.

Four more years of this bullcrap?

Thanks stupid voters of America. These buffoons needed a bigtime smackdown and you gave them hugs and kisses. Need some food, money, clothing ……….. keep out of my face, call Hussein.

Not giving anymore, other pressing priorities.

fogw on November 14, 2012 at 5:45 PM

That photo of Reid looks like he just caught a whiff of Nancy Pelosi. Who caught a whiff of him.

Lourdes on November 14, 2012 at 5:45 PM

I can’t imagine he actually believes this stuff. I think he just says the most outlandish things he can think of that will make conservatives’ heads explode.

Ferris on November 14, 2012 at 5:31 PM

He’s the left’s Ann Coulter

ernesto on November 14, 2012 at 5:47 PM

“Social Security is not part of the problem, That’s one of the myths the Republicans have tried to create,”

Sounds remarkably similar to Barney Frank back in 2007 or so, telling us not to worry about a housing market collapse, when Bush and others tried to raise some red flags.

Yep, everything’s fine. Just fine.

UltimateBob on November 14, 2012 at 5:47 PM

I’m convinced . . . Reid is in fact as stupid as he sounds.

rplat on November 14, 2012 at 5:48 PM

And Republicans double down on losing today with McConnell and The tan crybaby. Im sure they’ll send harry a strongly worded letter right away.

ldbgcoleman on November 14, 2012 at 5:49 PM

Republicans need to cave on social security. We’ll just give the democrats another club to beat us with if we don’t. Plus Hispanics like it, and won’t vote for us if we try to change it.

xblade on November 14, 2012 at 5:49 PM

He’s the left’s Ann Coulter

ernesto on November 14, 2012 at 5:47 PM

Senator Ann Coulter? Has she been in office for 25 years too?

Bishop on November 14, 2012 at 5:49 PM

Give Obama his tax increases, then look the voting public in the eye and say “We warned you…”

Theworldisnotenough on November 14, 2012 at 5:50 PM

Lies, bigger lies, giant lies, stupendous lies, head-banging lies, more lies, never-ending lies.

Four more years of this bullcrap?

Thanks stupid voters of America. These buffoons needed a bigtime smackdown and you gave them hugs and kisses…

fogw on November 14, 2012 at 5:45 PM

There are an abundance of shows exposing the Left’s “mindlessness” and stupidity…

“Waters World” on O’Reilly on FOX yesterday, for starters. He was questioning random Obama supporters/voters who were attending a Bill Maher Ugly, and Waters asked them each, “how does Obama’s relection affect freedom” or something close to that.

THEY ALL, every single one of them, had no words to express other than mumbling “whooo-hoooo” and laughing. None of them could put together so much as an intelligent remark, brief or lengthy. One of them was particularly sounding like Drunk Girl while trying to be very, very serious about Obama and then later admitted that “maybe I’ve had a few drinks” while it was patently obvious that she was under some influence of something in addition to Obama.

Then there was a radio show this morning from the East Coast where Obama supporters called in and sounded like — surprise — dumber than dumb claiming “Obama did nothing, he done nothing” where the issue was Benghazi and his involvement or failure to do his job or treason to the nation and responsibility for the deaths of four Americans, all of that…his call-in supporters all defended him like he was Buckwheat.

Lots of shows, broadcasts, like these. Lots and lots of them. One can read twitter from Obama supporters and see quicklyn that his followers are the F through C students if even in school, now or ever. None of them can string together intelligent statements and when they’re approaching literacy, they always engage in pejoratives and insults of others, making false accusations, the whole familiar mess.

Obama has “rallied” a pool of uncapable, uninformed and willfully blind people to his cause, which cause is Communism or his unique variation of it.

Lourdes on November 14, 2012 at 5:54 PM

And Republicans double down on losing today with McConnell and The tan crybaby. Im sure they’ll send harry a strongly worded letter right away.

ldbgcoleman on November 14, 2012 at 5:49 PM

What happened?

Lourdes on November 14, 2012 at 5:57 PM

Senator Harry Reid is NOTHING. John Boehner could shut Harry Reid down tomorrow and make him lay on his belly and grovel like the dog he is if he had the balls to do it. John Boehner hold the purse strings. John Boehner could refuse to pay Harry Reid’s salary or defund the Senate. Speaker of the House John Boehner IS the damned ENEMY.

SWalker on November 14, 2012 at 5:57 PM

“Social Security is not part of the problem, That’s one of the myths the Republicans have tried to create,”

“…(Social Security) turned out to be strongly redistributionist, but only because of its Ponzi game aspect, in which each generation takes more out than it put in. Well, the Ponzi game will soon be over, thanks to changing demographics.”

– Paul Krugman, What Consensus?, Boston Review, December 1996 – January 1997

More devastation in my “‘Lies About…” post than Katrina and Sandy COMBINED.

Resist We Much on November 14, 2012 at 6:00 PM

Reid, Pelosi, Schumer, not to mention many more like them with a nod to Ted Kennedy, ALL have proven that the Senate NEEDS a competency test to hold office as long as there are no term limits in place (and I’d even support a competency test to hold a third term even if there were term limits to three or four terms).

There’s a point they’re just showing up and mumbling whatever whenever and acting out on petty feelings and animosities and thinking about their nap times and how much cash they can stash away by tomorrow or whatever while sitting in Senate Offices or holding the podium in Congress.

We need a competency test for Congress, especially the Senate.

Lourdes on November 14, 2012 at 6:01 PM

Seriously, has this troll been tested for senile dementia?? Other mental disorders, ‘cuz he’s definitely NOT grounded in reality.

Sasha List on November 14, 2012 at 6:02 PM

I forced myself to read the article so I could answer a question begged by Reid’s comments — What, exactly, does he think the problem is?

There wasn’t an answer in the article, but there was this:

AARP officials, which who represent the nation’s largest organization for the elderly, said their members want to keep promised benefits, and do not want those to be cut as part of a deficit deal.

Two-thirds of those surveyed said changes to Social Security and Medicare shouldn’t be beholden to budget constraints.

So, according to AARP’s survey, the amount of money spent on social security should not be related to the amount of money available to spend.

That thinking, whatever that thinking is, explains everything from sociology classes on “gender” (as distinguished from sex) to the last election outcome. Whatever it is, we’re filthy with it. I’m just going to use “crazy” until I can research a bit.

Axe on November 14, 2012 at 6:02 PM

Fact: There were 159.4 workers for each Social Security recipient in 1940.

Fact: There were 16.5 workers for each Social Security recipient in 1950.

Fact: There were 5.1 workers for each Social Security recipient in 1960.

Fact: There were 3.7 workers for each Social Security recipient in 1970.

Fact: There were 3.2 workers for each Social Security recipient in 1980.

Fact: There were 3.4 workers for each Social Security recipient in 1990.

Fact: There were 3.4 workers for each Social Security recipient in 2000.

Fact: There were 3.3 workers for each Social Security recipient in 2005.

Fact: In 2010, there were only 1.75 full-time private-sector workers in the United States for each person receiving benefits from Social Security, according to data from the Bureau of Labor Statistics and the Social Security board of trustees.

Fact: Social Security entered permanent deficit mode in 2010 and the CBO reported that Social Security will effectively run a $45-billion deficit in 2011 and continue to run deficits totaling $547 billion over the coming decade.

Resist We Much on November 14, 2012 at 6:04 PM

Should let Bammer have it all. Don’t ask for anything. Explain the consequences, then vote present. When it all comes crashing down, you can sit and say…
We told you so!

john1schn on November 14, 2012 at 6:04 PM

Senator Ann Coulter? Has she been in office for 25 years too?

Bishop on November 14, 2012 at 5:49 PM

rofl..:)

Dire Straits on November 14, 2012 at 6:05 PM

Question for The Dingy One – just where is the federal government going to come up with the $5 trillion that won’t be collected in FICA/SECA taxes that SocSecurity is going to require just to make it to 2033 (in reality, 2031 or sooner)?

Steve Eggleston on November 14, 2012 at 6:13 PM

Oh, and those on Disability Insurance are going to be REAL THRILLED with Dingy Harry when, a few months before the 2016 election, their DI benefits get cut by roughly 26%.

Steve Eggleston on November 14, 2012 at 6:17 PM

I see the GOP didn’t learn from trying to turn Medicare into a voucher program. Lol.

Just like I predicted right here that Obama would whoop Mittens a$$ come election day, I am predicting Nancy Pelosi will be the speaker in 2014. Please keep trying to end social security as we know it.

HotAirLib on November 14, 2012 at 6:17 PM

I am not even old enough to collect Social Security yet, but I have lived through so many fixes to the program that secured it forever that I have lost count. Bottom line, if there is money to be taken it is taken and thus it will always be broken.

Windsweeping on November 14, 2012 at 6:26 PM

Reid: Social Security really is n’t part of the problem, you know.

ProfShadow on November 14, 2012 at 6:27 PM

Just like I predicted right here that Obama would whoop Mittens a$$ come election day, I am predicting Nancy Pelosi will be the speaker in 2014.

HotAirLib on November 14, 2012 at 6:17 PM

Does the prediction include Nancy Pelosi’s botox-ridden zombie? Because that’s what will likely be left of her by 2014.

That said, I certainly hope the GOP won’t mess with Social Security. Just let it die a natural, peaceful death along with the rest of the federal social-engineering programs when we reach the fiscal cliff and proceed “forward”.

Archivarix on November 14, 2012 at 6:29 PM

I have a recommendation that should, in a sane world, gain bipartisan support.

1. Make participation in Social Security optional.
2. If you opt out, you forfeit all contributions and will never be able to claim benefits.
3. If you opt out, your employer still has to fund their half of your FICA taxes.

Other than freeing people from the tyranny of Democrat control how is this not reasonable?

2 and 3 are in there to keep marginal participants in and to keep some funding intact.

This could significantly reduce the unfunded liabilities of the federal government. It has the added bonus of forcing the testing of the Democrats’ assertion that the program is popular with the public.

I’m 46 and I’d drop out in a heartbeat.

Charlemagne on November 14, 2012 at 6:30 PM

I see the GOP didn’t learn from trying to turn Medicare into a voucher program. Lol.

HotAirLib on November 14, 2012 at 6:17 PM

Um, for 2 million of the poorest on Medicare, Obama already is.

Bet you believed him when he said that he would never call for Medicare cuts doing the campaign, too. In addition to the more than $700 billion cut from Medicare in the Obamacare legislation, he is now proposing to slice an additional$340 billion from health-care programmes. SUCKA!!! LMFAO@stupidfuckslikeu!

Just like I predicted right here that Obama would whoop Mittens a$$ come election day, I am predicting Nancy Pelosi will be the speaker in 2014. Please keep trying to end social security as we know it.

Social Security WILL end as we know it without reform.

“Well, Tom, we’re going to have to take on entitlements and I think we’ve got to do it quickly. We’re going to have a lot of work to do, so I can’t guarantee that we’re going to do it in the next two years, but I’d like to do in the my first term as president.”

- Sen. Barack Obama, Remarks At Presidential Debate, Nashville, TN, 10/7/08)

: “The real problem with our long-term deficit actually has to do with our entitlement obligations and the fact that historically if our revenues range between 18 and 20 percent of GDP, they’re now at 16, it’s just not sustainable. So, we’re going to have to craft, what George Stephanopoulos called a ‘grand bargain,’ and I try not to use the word ‘grand’ in anything I say, but we’re going to have to shape a bargain. This by the way is where there is going to be some very difficult choices, and issues of sacrifice and responsibility and duty are gonna come in because what we have done is kicked this can down the road, we’re now at the end of the road, and we are not in a position to kick it any further.”

- President Barack Obama, Remarks Before The Washington Post Editorial Board, Washington D.C., 1/15/09

Why are you alleged “Progressives” so reactionary when it comes to reforming entitlements in order to make them sustainable?

Resist We Much on November 14, 2012 at 6:34 PM

I see the GOP didn’t learn from trying to turn Medicare into a voucher program. Lol.

HotAirLib on November 14, 2012 at 6:17 PM

Um, for 2 million of the poorest on Medicare, Obama already is.

Bet you believed him when he said that he would never call for Medicare cuts doing the campaign, too. In addition to the more than $700 billion cut from Medicare in the Obamacare legislation, he is now proposing to slice an additional$340 billion from health-care programmes. SUCKA!!! LMFAO@stupidf*ckslikeu!

Just like I predicted right here that Obama would whoop Mittens a$$ come election day, I am predicting Nancy Pelosi will be the speaker in 2014. Please keep trying to end social security as we know it.

Social Security WILL end as we know it without reform.

“Well, Tom, we’re going to have to take on entitlements and I think we’ve got to do it quickly. We’re going to have a lot of work to do, so I can’t guarantee that we’re going to do it in the next two years, but I’d like to do in the my first term as president.”

- Sen. Barack Obama, Remarks At Presidential Debate, Nashville, TN, 10/7/08)

: “The real problem with our long-term deficit actually has to do with our entitlement obligations and the fact that historically if our revenues range between 18 and 20 percent of GDP, they’re now at 16, it’s just not sustainable. So, we’re going to have to craft, what George Stephanopoulos called a ‘grand bargain,’ and I try not to use the word ‘grand’ in anything I say, but we’re going to have to shape a bargain. This by the way is where there is going to be some very difficult choices, and issues of sacrifice and responsibility and duty are gonna come in because what we have done is kicked this can down the road, we’re now at the end of the road, and we are not in a position to kick it any further.”

- President Barack Obama, Remarks Before The Washington Post Editorial Board, Washington D.C., 1/15/09

Why are you alleged “Progressives” so reactionary when it comes to reforming entitlements in order to make them sustainable?

Resist We Much on November 14, 2012 at 6:34 PM

denial is a river in Nevada. I hope the unemployment rate goes up to 25% in Vegas, the voters deserve it.

when SSI stops sending out checks, Reid will go down in history as the person who robbed Americans

burserker on November 14, 2012 at 6:36 PM

With dimwits like this in power spending our money, I should have spent more time studying the scientific notation chapter in school.

moo on November 14, 2012 at 6:37 PM

Why are you alleged “Progressives” so reactionary when it comes to reforming entitlements in order to make them sustainable?

Resist We Much on November 14, 2012 at 6:34 PM

Simple – both the lieberal Boomers and the neo-Communist Millenials want it to come crashing down on Gen-X’ers.

Steve Eggleston on November 14, 2012 at 6:39 PM

“Our initial assessment is that they will all die”

—Baghdad Bob

claudius on November 14, 2012 at 6:48 PM

Social Security is not part of the problem, That’s one of the myths the Republicans have tried to create…

Yes, just like the housing market crisis. It’s all Republican scare tactics.

The truly infuriating part is when it does fall apart, Republicans will get blamed.

Sockpuppet Politic on November 14, 2012 at 6:52 PM

We are so truly f’d.

it’s not a matter of “Letting it burn”, it’s going to burn whether we let it or not because the American electorate keeps reelecting these damn fools.

Yakko77 on November 14, 2012 at 6:59 PM

Why are you alleged “Progressives” so reactionary when it comes to reforming entitlements in order to make them sustainable?

Resist We Much on November 14, 2012 at 6:34 PM

The question is fairly naive. The liberals currently humping the country raw belong to Woodstock generation. All that generation needs is to hold onto their entitlements just a little longer. Then the country can go the hell in a handbasket.

Archivarix on November 14, 2012 at 7:00 PM

The question is fairly naive.

Archivarix on November 14, 2012 at 7:00 PM

It was rhetorical.

Resist We Much on November 14, 2012 at 7:10 PM

I gather Reid is referring to the “trust fund”, which as he well knows doesn’t exist in any real sense. All the “bonds” amount to are a claim on future tax streams that don’t require any congressional votes. As they get “redeemed”, all that happens is the theoretical debt inside the government becomes actual external debt, as there isn’t enough money to actually settle them without debt.

foobarista on November 14, 2012 at 7:11 PM

Living in Searchlight Nevada made this idiot into a madman. He’s more dangerous than the black messiah.

Hummer53 on November 14, 2012 at 7:32 PM

For the opposing perspective:

http://www.economics21.org/commentary/it-becoming-too-late-fix-social-securitys-finances

Chuckles3 on November 14, 2012 at 7:33 PM

Please keep trying to end social security as we know it.

HotAirLib on November 14, 2012 at 6:17 PM

It’s already going to end as we know it. Same as Medicare and soon to be ObamaCare too.

All bankrupt.

Chuck Schick on November 14, 2012 at 7:34 PM

I’m convinced . . . Reid is in fact as stupid as he sounds.

rplat on November 14, 2012 at 5:48 PM

Early onset Parkinson’s/Alzheimer’s, like Muhammad Ali had, and football players with too many concussions. Dingy had a career as an amateur boxer, and his egg has been scrambled.

slickwillie2001 on November 14, 2012 at 7:34 PM

“Social Security is sound for the next many years…”

OK, so, it’s going to collapse within 10 years. Thanks for caring, Ding H!

William Teach on November 14, 2012 at 7:39 PM

Simple – both the lieberal Boomers and the neo-Communist Millenials want it to come crashing down on Gen-X’ers.

Steve Eggleston on November 14, 2012 at 6:39 PM

But I don’t want to be crashed upon. They said I was aimless — I wasn’t aimless! I aimed! Just not at all the hippie crap. I worked really hard. I still am.

No fair — crash . . . Mexico. Or the French.

Axe on November 14, 2012 at 7:54 PM

Resist We Much on November 14, 2012 at 6:34 PM

I am shocked to see you show your face on this blog. During the presidential campaign, you replied every truly objective and accurate post with over 500 worandorra republican talking conspiracies.As usual, the sheep on this blog pumped your head up like some superstar. So how is that president elect Romney thing working out for you? There is a difference between your kind and mine. Your kind will always lose and mine will always win. Your kind is in the fringe minority while my kind is mainstream. Believe it or not but that’s the truth and it will always be the truth.

Anyway Einstein, liberals and all middle of the road Americans support fine tuning Medicare or Social Security as long as benefits aren’t cut like your side dreams of doing. Then again your side is becoming more irrelevant as the days go by. America will never make the same mistake they did in 2010.

HotAirLib on November 14, 2012 at 7:56 PM

HotAirLib on November 14, 2012 at 7:56 PM

IOW, YOU HAVE NOTHING.

LMFAO!!!

Resist We Much on November 14, 2012 at 8:08 PM

There is a difference between your kind and mine. Your kind will always lose and mine will always win. Your kind is in the fringe minority while my kind is mainstream. Believe it or not but that’s the truth and it will always be the truth.

HotAirLib on November 14, 2012 at 7:56 PM

I don’t know why this, if true, would be any sort of vindication.

. . . I don’t think I understand what you are saying there.

Axe on November 14, 2012 at 8:11 PM

*What’s “your kind?” That may be what I’m missing.

Axe on November 14, 2012 at 8:12 PM

Fiscal insolvency of the US really can’t happen. The government can print as much money as it wants. Even now the Fed is purchasing most of the debt the US is issuing. At anytime the Fed could just write off the debt. In fact I think the Fed could purchase all $16 trillion of the outstanding debt from printed (created out of thin air) money, and then just write it off as a bad investment. There may be unintended consequences to such action. But really what could stop them from doing it?

Dasher on November 14, 2012 at 8:20 PM

But really what could stop them from doing it?

Dasher on November 14, 2012 at 8:20 PM

The people would stop them eventually. Hyperinflation cannot last forever. It always cause the currency to collapse at some point. In Weimar Germany, people went from earning RM100 a week to RM100s of billions in a few weeks. Germans insisted upon paying for their meals when ordering because the price would double by the end of the meal. If you went out to lunch, you didn’t carry money in a wallet, you used a knapsack. Eventually, the purchasing power of the people is reduced to near nothing. The people begin to starve, become homeless, etc. Unemployment skyrockets (it was between 40% and 50% – depending upon which data you use – when the Republic collapsed). Revolution becomes a very real threat (you may recall that Hitler worked for as a Verbindungsmann in the Reichswehr after WWI and was tasked with infiltrating the “non-Jewish” socialist revolutionaries. Others in the Reichswehr were doing the same with the communists. The Republic grew increasingly afraid throughout the 20s that either the Socialists (non-Jewish) or Communists would start a revolution or, maybe, join forces to revolt only to fight each other after toppling WR.

Resist We Much on November 14, 2012 at 8:42 PM

Mental illness.

Mimzey on November 14, 2012 at 9:16 PM

HotAirLib on November 14, 2012 at 7:56 PM

Delusional.
Cultish.

Mimzey on November 14, 2012 at 9:17 PM

According to CBO projections, Social Security is projected to grow as a percentage of GDP from its current 5% to approximately 6.4% over the next seventy years. It peaks at around 6.9% somewhere in the middle, when the baby boomers have all retired, but then slowly declines after that.

That represents a fiscal challenge, but it is not an existential budgetary threat. A combination of means testing, adjustment in retirement age, benefits reductions and possible revenue enhancements (such as a faster increase in the percentage of income subject to the payroll deduction, for example) can resolve this issue. The societal benefit of guaranteeing that the poorest members of society always have some financial safety net has some value, I think. There are people who have lived responsibly who, through no fault of their own, do not have the savings to sustain themselves after age 67.

Having said that, the real danger is from Medicare/Medicaid, which according to the same CBO projections will rise to 20% of GDP (from a current 4%). That is crazy and unsustainable.

The solution, I believe, is to tweak Social Security and either voucherize or ration Medicare/Medicaid. Them’s my ideas, anyway. You may fire when ready, Gridley.

P.S. If you look at my comment history, you will find that I am no crazy-eyed liberal or concern troll. Unless I have been under deep, deep cover and just waiting for this moment to activate, of course. Um, bwahahahaha.

HTL on November 14, 2012 at 10:09 PM

HotAirLib on November 14, 2012 at 7:56 PM

Getting a majority vote does not necessarily mean being right. Hoover won an election too as you may recall. So did Neville Chamberlein.

KW64 on November 14, 2012 at 10:32 PM

Did Obama’s relection mark the end of the Republic? Is the American Experiment OVER?.

Thomas Jefferson on Politics & Government

“I sincerely believe… that the principle of spending money to be paid by posterity under the name of funding is but swindling futurity on a large scale.” –Thomas Jefferson to John Taylor, 1816.

Thomas Jefferson lobbied his peers for a constitutional amendment making it illegal to encumber future generations with debt created by temporary politicians of one generation, in which obligation those future generations had no say. He proposed that no generation could encumber the nation with debt that could not be paid off fully within the time they lived or 34 years maximum. Too bad they didn’t listen to him.

Saddling Posterity with Debt

“We believe–or we act as if we believed–that although an individual father cannot alienate the labor of his son, the aggregate body of fathers may alienate the labor of all their sons, of their posterity, in the aggregate, and oblige them to pay for all the enterprises, just or unjust, profitable or ruinous, into which our vices, our passions or our personal interests may lead us. But I trust that this proposition needs only to be looked at by an American to be seen in its true point of view, and that we shall all consider ourselves unauthorized to saddle posterity with our debts, and morally bound to pay them ourselves; and consequently within what may be deemed the period of a generation, or the life of the majority.” He later specified a period of 34 years maximum — Thomas Jefferson to John Wayles Eppes, 1813. ME 13:357

“It is incumbent on every generation to pay its own debts as it goes. A principle which if acted on would save one-half the wars of the world.” –Thomas Jefferson to A. L. C. Destutt de Tracy, 1820. FE 10:175

“Ought not then the right of each successive generation to be guaranteed against the dissipations and corruptions of those preceding, by a fundamental provision in our Constitution? And if that has not been made, does it exist the less, there being between generation and generation as between nation and nation no other law than that of nature? And is it the less dishonest to do what is wrong because not expressly prohibited by written law? Let us hope our moral principles are not yet in that stage of degeneracy, and that in instituting the system of finance to be hereafter pursued we shall adopt the only safe, the only lawful and honest one, of borrowing on such short terms of reimbursement of interest and principal as will fall within the accomplishment of our own lives.” –Thomas Jefferson to John Wayles Eppes, 1813. ME 13:360

…too late, we are there NOW.

ME, FE = Memorial Edition, Ford Edition.

See Sources.

opaobie on November 15, 2012 at 1:57 AM