“Fundamental Imbalance”: The GAO’s visualization of our long-term budget crisis

posted at 3:21 pm on May 14, 2014 by Kevin Glass

The Government Accountability Office has put out their own long-term simulation of the U.S. fiscal situation. Their results – like anyone else who has looked at the long-term budget – is not good. There’s simply a fundamental arithmetic problem: entitlements have tied the federal government to spending obligations that will be nearly impossible to keep.

This isn’t much different from any other long-term buget forecast, but the GAO does have their own assumptions about both the policy baseline and what they call the “alternative scenario” in which politicians are unable to hold themselves to policies that would slow the growth of spending. But one chart included in this report puts our retirement entitlements in sharp focus, and should illustrate clearly why this is an urgent problem:

Look at that jump between 2011 and 2012. We’ve entered a world in which significantly more people are becoming eligible for Medicare and Social Security every single day. There’s no going back to the first decade of the 2000s. By the end of the decade, more than ten thousand people will be becoming eligible for retirement entitlements every single day.

Here’s how the GAO projects our “baseline” scenario – assuming little major policy change:

Notice how “all other spending” shrinks as we go along, while our health spending and social security spending increases. What’s more, the fastest-growing portion of federal spending is mere interest on the debt. If nothing else, getting debt interest under control should be an urgent priority.

Yes, this might be merely another report on the disaster of the federal budget that we could safely shuffle aside while Washington politicians focus on the pressing issues, like minimum wage hikes and the Kochs. But look: this continues to be an incredibly important challenge, and one that probably isn’t going to be addressed any time soon. That’s the scandal here.


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YA THINK?!?!

Meople on May 14, 2014 at 3:24 PM

…we all need to smoke pot…heavily!…from now…until we die!

KOOLAID2 on May 14, 2014 at 3:28 PM

If Barry’s economy would create some jobs maybe some of those seniors would be able to keep working for a living.

slickwillie2001 on May 14, 2014 at 3:29 PM

red ink

Racist

faraway on May 14, 2014 at 3:29 PM

Easy fix: just print more money.

ZenDraken on May 14, 2014 at 3:29 PM

But we owe it to ourselves so it’s OK.

Occams Stubble on May 14, 2014 at 3:30 PM

When it comes time, its gonna hurt.

People who keep their head in the sand (liberals) will be hardest hit, and I as a decent human being, I will provide them sustenance for an agreed price in whatever currency is available then, or in labor.

Defenestratus on May 14, 2014 at 3:31 PM

red ink

Racist

faraway on May 14, 2014 at 3:29 PM

Red Inks should be the new name of the DC pro football team.

Occams Stubble on May 14, 2014 at 3:31 PM

It’s sad when the best-case scenario is Zimbabwe.

The worst-case? It isn’t the Weimar Republic and its immediate successor, and given the bread-and-circus routine, it’s going to happen again.

Steve Eggleston on May 14, 2014 at 3:33 PM

If Barry’s economy would create some jobs maybe some of those seniors would be able to keep working for a living.

slickwillie2001 on May 14, 2014 at 3:29 PM

The bad news – they are to the mutual exclusion of their children/grandchildren.

Steve Eggleston on May 14, 2014 at 3:34 PM

Red Inks should be the new name of the DC pro football team.

Occams Stubble on May 14, 2014 at 3:31 PM

It already is, Red skIn.

Meople on May 14, 2014 at 3:36 PM

On the plus side: no job lock.

will77jeff on May 14, 2014 at 3:41 PM

Dear Liar; President Present; The Dunce; President Downgrade 2X; Kardashian Soetoro Obamugabe Choombro, The Precedent; father of JiziahCare. Student of Davis, Ayers, Dohrn, and Wright.
The boy from Indonesia (with NO known friends or associates) says ‘We owe it to ourselves … so it is all good.’
He should use red ink to sign ALL of his Presidential Pardons.
Seventeen Trillion Dollars: $17, 000, 000, 000, 000.
No wonder 64 bit processors are so popular inside the Beltway.

Missilengr on May 14, 2014 at 3:44 PM

Red Inks should be the new name of the DC pro football team.

Reckon our betters would still go and sit in the lux boxes with that name? Great idea though.

DanMan on May 14, 2014 at 3:44 PM

I’d like to point out that the daily average number of people turning 65 each year will continue to rise ‘disproportionately’ as long as we keep having ‘amnesties’ and standing armies of people in the nation illegally( because even if they are in the nation illegally they still receive medical treatment at any emergency room and generally the tax payer is handed the tab for that treatment)as some of them are collecting benefits through fraud, and if we increase legal immigration two or three fold the number of people turning 65 on a daily basis will jump exponentially.

The United States still has the youngest population average of any of the developed nations.

thatsafactjack on May 14, 2014 at 3:46 PM

There’s simply a fundamental arithmetic problem: entitlements have tied the federal government to spending obligations that will be nearly impossible to keep.

Fixed if for you. An obvious type there.

Johnnyreb on May 14, 2014 at 3:51 PM

You just made up those numbers to scare people.

But global warming is real, and we have to spend even more or else WE’RE ALL GOING TO DIE!!!

Socratease on May 14, 2014 at 3:52 PM

Hush, you – our leaders are busy with amnesty which is completely going to fix everything, just like Obamacare fixed the cost of healthcare.

Midas on May 14, 2014 at 3:53 PM

Notice how “all other spending” shrinks as we go along

That’s because they are lying.

kunegetikos on May 14, 2014 at 3:55 PM

Boomers are the most egomaniacal, self-indulgent, whinny generation ever. Wait until they’re told that the cup is bare and they ain’t getting what they were promised.

conservative hispanic on May 14, 2014 at 3:56 PM

conservative hispanic on May 14, 2014 at 3:56 PM

Have you read your own comment?

thatsafactjack on May 14, 2014 at 3:58 PM

There’s simply a fundamental arithmetic problem: entitlements have tied the federal government to spending obligations that will be nearly impossible to keep.

Nearly? Really? Nearly?

You’re a funny guy.

trigon on May 14, 2014 at 3:58 PM

I just read the report, it is even worse than that chart shows because they are using a baseline of 0% interest through 2024 in their figures on the Debt and 5.2% after that per page 15 of the report.

I don’t think the Fed can hold interest rates to 0% for another ten years. That will be 17 years at an effective zero % interest rate.

Johnnyreb on May 14, 2014 at 3:59 PM

Boomers are the most egomaniacal, self-indulgent, whinny generation ever. Wait until they’re told that the cup is bare and they ain’t getting what they were promised.

conservative hispanic on May 14, 2014 at 3:56 PM

Wait until they are told that the miseducated by the baby boomer generation kids are not going to give them what they promised themselves of the next generation kids.
They had to miseducate the kids so they would be too stupid to figure out how badly they are getting raped by the baby boomers.
The miseducated kids are not going to be able to afford to pay the bills the baby boomer generation stacked on their backs.

astonerii on May 14, 2014 at 3:59 PM

In December 2006, Republicans had held majority control (2+ out of 3) of the House, Senate, and Presidency for 12 straight years (144 consecutive months).

On January 3, 2007, Democrats (including Nancy Pelosi, Harry Reid, and then-Senators Barack Obama, Joe Biden, Hillary Clinton, John Kerry, etc.) took majority control of the House and Senate, and therefore overall majority control of Washington, D.C.

Now, on May 14, 2014, Democrats have held majority control (2+ out of 3) of the House, Senate, and Presidency for over 88 consecutive months.

Compare the state of the economy after 144 consecutive months of GOP majority control (December 2006) to the state of the economy after 88 consecutive months of DEM majority control.

Which party’s policies led to a healthier, more robust economy, higher employment, and lower deficits?

December 2006:

Employment-Population Ratio: 63.4%

FY 2007 Deficit: less than $161 Billion, representing 1.1% of GDP and well below the average FY 1947-2007 deficit (1.6% of GDP, according to the data released by the White House OMB)

Debt held by the public: $4.9 Trillion

That is what the Democrats (including Pelosi, Reid, Obama, Biden, Clinton, Kerry, etc.) inherited on January 3, 2007!

What do those statistics look like now, after 88 continuous months of Democrat majority control?

Employment-Population Ratio: 58.9% (It’s never went below 62.0 under 144 months of Republican majority control, but has now been been below 60.0% for 62 straight months under Democrat majority control.)

FY 2014 Deficit: 3.7% of GDP, nearly three times the average FY 1947-2007 deficit of 1.6% of GDP

Debt held by the public: $12.4 Trillion

So, what has 7 and a third years of Democrat majority control brought us?

Employment is down by millions.

Deficits have more than tripled.

Total debt held by the public is up more than 150%, now more than two and half times the size of what is was when Obama and his peers took majority control of Washington, D.C.

ITguy on May 14, 2014 at 4:05 PM

By the end of the decade, more than ten thousand people will be becoming eligible for retirement entitlements every single day.

So what? In 500 499 days, global climate catastrophic doom will end the planet.

Mark Boabaca on May 14, 2014 at 4:08 PM

I don’t hear the Boomers whining or saying much of anything, but I do hear a lot of younger people claiming that the only thing preventing them from having that loft apartment, shiny red convertible, and a brimming bank account is an older generation standing in their way.

Has it occurred to you guys that the Boomers funded more of the entitlements than any other single generation, paying into those plans their entire working lives not because they chose to do so, but because they were mandated to do so under the law? No generation lost more in the crash and real estate bubble than the Boomers. Still, they are providing a roof and support for their children and grandchildren and even helping many of them to pay their student loans.

When you complain about the Boomers so bitterly, you make it clear that you have no respect or regard for your own parents or grandparents. Or is it always just someone else’s family your bashing?

I’d also remind you that the younger generations turned out and voted for Obama overwhelmingly to see him elected twice. If those dreams of success are proving elusive, look to the election results that kept a Democrat senate and a progressive President and a GOP that is beholden to big business and its demands for cheap labor that off-shored mid level jobs and floods the market with cheap foreign labor. Tend to your own houses.

thatsafactjack on May 14, 2014 at 4:10 PM

I’d also remind you that the younger generations turned out and voted for Obama overwhelmingly to see him elected twice. If those dreams of success are proving elusive, look to the election results that kept a Democrat senate and a progressive President and a GOP that is beholden to big business and its demands for cheap labor that off-shored mid level jobs and floods the market with cheap foreign labor. Tend to your own houses.

thatsafactjack on May 14, 2014 at 4:10 PM

Very well said. I do have one thing to add, Obamacare. A law which drove millions from fulltime to part time work, and increased insurance costs nearly across the board for working people.

Johnnyreb on May 14, 2014 at 4:17 PM

How’s all this impact Michael Sam?

Akzed on May 14, 2014 at 4:18 PM

A sales tax to cover social security and medicare so that affluent retirees also contribute to paying for what is currently only covered by a payroll tax on working people would help. Opening up most of our land and ocean areas to economic activities that will employee young people currently sitting in their parents basement would help. Tort reform to lower medical costs of defensive medicine would help. Balancing spending with revenue to hold down interest payment growth would help. Sadly, the administration and a majority of the voting public would not go along with any of these measures.

KW64 on May 14, 2014 at 4:20 PM

I don’t hear the Boomers whining or saying much of anything, but I do hear a lot of younger people claiming that the only thing preventing them from having that loft apartment, shiny red convertible, and a brimming bank account is an older generation standing in their way.

Has it occurred to you guys that the Boomers funded more of the entitlements than any other single generation, paying into those plans their entire working lives not because they chose to do so, but because they were mandated to do so under the law? No generation lost more in the crash and real estate bubble than the Boomers. Still, they are providing a roof and support for their children and grandchildren and even helping many of them to pay their student loans.

When you complain about the Boomers so bitterly, you make it clear that you have no respect or regard for your own parents or grandparents. Or is it always just someone else’s family your bashing?

I’d also remind you that the younger generations turned out and voted for Obama overwhelmingly to see him elected twice. If those dreams of success are proving elusive, look to the election results that kept a Democrat senate and a progressive President and a GOP that is beholden to big business and its demands for cheap labor that off-shored mid level jobs and floods the market with cheap foreign labor. Tend to your own houses.

thatsafactjack on May 14, 2014 at 4:10 PM

The boomers are still getting theirs.

And the younger generations that turned out twice for Obama? Who educated them?

I realize that not all of you boomers are responsible for the collapse of this country. But to claim this:

Has it occurred to you guys that the Boomers funded more of the entitlements than any other single generation, paying into those plans their entire working lives not because they chose to do so, but because they were mandated to do so under the law?

Suggests you think they earned it. Well, they could have voted against it. They could have held the politicians that were spending “the boomers’” entitlement money accountable. They could have done ANYTHING to stave off the entirely foreseeable collapse of the entire system.

But, who cares!? The boomers will get theirs, and that’s all that matters. Posterity can take care of itself. Oh, and you, too since you are passing all the debt for this off to them.

I’m sure that’s exactly what the framers meant about ensuring the blessings of liberty to their posterity.

makattak on May 14, 2014 at 4:21 PM

I am willing to take responsibility for all the bad decisions people born in the late 40′s and early 50′s made. But, in my mind the worst thing we did was spoil the next generation. We created the kids who had to have things and more things. They shocked us when they expected to marry and immediately own homes. They parked their kids in daycare and camps and lessons and made lots of money though.

God help them and their children. We saved and planned. Now we’re being called greedy leeches for being on Medicare. It’s a sad, crazy world. We could afford to travel now but we’re going to leave as much as possible to the grand kids and hope they will be able to survive whatever comes next.

Nana on May 14, 2014 at 4:26 PM

I wonder if any of you are clever enough to link that first graph with your criticism of the Unemployment Rate.

everdiso on May 14, 2014 at 4:26 PM

makattak on May 14, 2014 at 4:21 PM

You prove you willingness to assign blame to anyone but yourself when you make assumptions about who I am, how old I am, how I’ve voted, and what I have or haven’t contributed to this nation.

The Boomers, by the way, also paid for their parents old age and their grandparents old age. I don’t hear them whining about it.

Since you’ve got so many complaints about the Boomer’s generations, let’s hear your solutions to the looming entitlement crisis.

thatsafactjack on May 14, 2014 at 4:30 PM

We gotta’ print more money!!!

gregbert on May 14, 2014 at 4:30 PM

No problem at all….

The French Foreign Minister today in a press conference with Kerry said Climate Chaos will hit in 500 days.

Presumably we’ll all die, so if we can just get through the next year and a half

txdoc on May 14, 2014 at 4:33 PM

I wonder if any of you are clever enough to link that first graph with your criticism of the Unemployment Rate.

everdiso on May 14, 2014 at 4:26 PM

Knock yourself out pal. Your idea, you run with it.

Johnnyreb on May 14, 2014 at 4:33 PM

thatsafactjack on May 14, 2014 at 4:10 PM

It is a FACT that the boomers voted into power the politicians who FORCED them to pay social security taxes, BECAUSE they were promised far more money in retirement than they would collectively pay in in taxes. SELFISH.
It is a FACT that the boomers predominantly have raised and have educated the children you say put Obama into office. Something wrong with those baby boomers that they were unable to raise well adjusted intelligent conservatives and get them decent educations?

astonerii on May 14, 2014 at 4:34 PM

Another comment.

I have noticed a trend of real hatred and resentment toward elderly folks recently. Part of it is to hold them accountable for all the problems that are now bearing fruit. Never mind that many of them were liberal policies that we’re not supported by conservatives. It is young liberals screaming loudest now. It will make it much easier to close their eyes and grit their teeth when they have to face facts and start cutting. We are the most expendable. And it will be easy to give Grandma pain pills instead of treatment. Cheaper to allow nature to take its course. Better for society to simply not fund more nursing homes.

And maybe it’s not the worst solution.

Nana on May 14, 2014 at 4:37 PM

makattak on May 14, 2014 at 4:21 PM

Oh, and by the way, while the Boomers were working and paying for their parents and grandparents retirement and healthcare, they were also putting away the mandatory funds for their own healthcare and were being assured by the federal government that the Trust ‘lockbox’ was secure and, in fact, there was a huge surplus of funds to pay for their own healthcare and retirements, since they were the ‘biggest generation’ ever to contribute to Social Security and Medicare.

Your suggestion that the Boomers could have ‘voted against it’ is ridiculous. ‘It’ never came up for a vote on a national referendum. The political class siphoned off those funds paying for ‘other programs’ and left IOU’s in that ‘lockbox’, they voted to lower copays on medicare, voted in a prescription drugs plan that was unfunded, and tripled spending on medicare through ‘doctor fixes’, all without asking anyone.

No one asked the Boomers along the way before it was far too late.The Boomers were the ‘younger generation’ then, just like no one is asking the younger generations now.

thatsafactjack on May 14, 2014 at 4:41 PM

astonerii on May 14, 2014 at 4:34 PM

It’s a fact that you’re a shrieking jerk, Astonerii, and everyone on these threads is aware of it.

thatsafactjack on May 14, 2014 at 4:42 PM

Another comment.

I have noticed a trend of real hatred and resentment toward elderly folks recently. Part of it is to hold them accountable for all the problems that are now bearing fruit. Never mind that many of them were liberal policies that we’re not supported by conservatives. It is young liberals screaming loudest now. It will make it much easier to close their eyes and grit their teeth when they have to face facts and start cutting. We are the most expendable. And it will be easy to give Grandma pain pills instead of treatment. Cheaper to allow nature to take its course. Better for society to simply not fund more nursing homes.

And maybe it’s not the worst solution.

Nana on May 14, 2014 at 4:37 PM

You could always have saved your money. By the numbers the baby boomer generation is the largest voting block. Interesting that throughout their reign of superior numbers the government grew and grew and grew.

astonerii on May 14, 2014 at 4:44 PM

It’s a fact that you’re a shrieking jerk, Astonerii, and everyone on these threads is aware of it.

thatsafactjack on May 14, 2014 at 4:42 PM

Poor baby, look like your argument went the way of the dodo.

Waaaa Waaaaa we paid into the government, we were forced to!

Um, you had the power of your votes to change the government.

JERK!

Yup, I cannot possibly fathom why on earth the Baby Boomer Generation is thought of as the greediest generation ever.

astonerii on May 14, 2014 at 4:46 PM

astonerii on May 14, 2014 at 4:46 PM

Thanks for proving my point.

thatsafactjack on May 14, 2014 at 4:47 PM

astonerii on May 14, 2014 at 4:46 PM

Thanks for proving my point.

thatsafactjack on May 14, 2014 at 4:47 PM

Which point do you think is going to stick harder into the minds of those that matter? The point that I am not nice enough for you or the point that baby boomers had a choice as to whether to pay social security taxes or not and chose the selfish path?

astonerii on May 14, 2014 at 4:53 PM

the Baby Boomer Generation is thought of as the greediest generation ever.

I’m not the one whining and shrieking about paying my taxes. You are.

I’ve seen you on these threads for a couple of years. You don’t like anyone and you don’t want to pay your taxes. I get it.

I’m not worried that you aren’t polite or even that you’re a jerk. I’ve seen it all before.

thatsafactjack on May 14, 2014 at 4:59 PM

I wonder if any of you are clever enough to link that first graph with your criticism of the Unemployment Rate.

eradipshit on May 14, 2014 at 4:26 PM

…enlighten us!

KOOLAID2 on May 14, 2014 at 5:04 PM

astonerii on May 14, 2014

…take it easy!

KOOLAID2 on May 14, 2014 at 5:06 PM

astonerii on May 14, 2014 at 4:53 PM

I’ll tell you what, since your congressmen ask you how they should vote on each and every piece of legislation, and never, ever break their campaign promises, I’m surprised this entitlement crisis hasn’t been resolved. Maybe you could just call them on the phone and tell them what you want done. I’m sure they’ll put their own career ambitions and ‘bipartisan’ deals aside and snap right to it for you.

thatsafactjack on May 14, 2014 at 5:13 PM

I’m not the one whining and shrieking about paying my taxes. You are.

I’ve seen you on these threads for a couple of years. You don’t like anyone and you don’t want to pay your taxes. I get it.

I’m not worried that you aren’t polite or even that you’re a jerk. I’ve seen it all before.

thatsafactjack on May 14, 2014 at 4:59 PM

There is a big difference between paying taxes and paying for someone else’ lifestyle. You should figure it out. Oh wait, you have and you prefer to have other people fund your lifestyle. I would urge you to find where I have complained about paying my taxes anywhere at all.
I argue that everyone who pays less than $15,000 a year per adult in their family should be made to pay that amount. That group includes me and the other 80% or so of the population that does not pay their share of government spending.

Obviously you are worried about the fact that I am not polite or you would not bring it up as if it makes my argument flawed in some way. While yes, I do use abusive language in my posts I never EVER use that as my debating point. I always cover the actual argument in total.

Like I said, your argument is.

we paid our taxes, we were forced to!

When confronted with the argument that you are the largest voting block, hence the name baby boom generation, and you had decades to correct the government, your response is nothing but a simple, JERK! Sounds to me that you are the whiner here and the one that cannot find a proper response to the point.

astonerii on May 14, 2014 at 5:16 PM

…take it easy!

KOOLAID2 on May 14, 2014 at 5:06 PM

Wow, you are so totally cool. Did you think that up all on your own or did you have help?

astonerii on May 14, 2014 at 5:17 PM

Collapse the system and rebuild it closer to the heart’s desire.

tdarrington on May 14, 2014 at 5:22 PM

When confronted with the argument that you are the largest voting block, hence the name baby boom generation, and you had decades to correct the government, your response is nothing but a simple, JERK! Sounds to me that you are the whiner here and the one that cannot find a proper response to the point.

astonerii on May 14, 2014 at 5:16 PM

It really is us Baby Boomers fault, we spoiled our kids bad.

Johnnyreb on May 14, 2014 at 5:26 PM

You could always have saved your money. By the numbers the baby boomer generation is the largest voting block. Interesting that throughout their reign of superior numbers the government grew and grew and grew.

astonerii on May 14, 2014 at 4:44 PM

Apparently you didn’t read my phrase which said, “We always saved.”

And you are incorrect about our numbers. While we are a powerful voting block we have never been the majority. We became eligible to vote between 1967 and 1985 after the give always were firmly in place! (We were born 1946-1964)

We are about 12 % of the population. But it feels like we’re taking about 75% of the blame.

I”m not sure we even deserve half! So back off Jack!

Unless you just need a scapegoat.

Nana on May 14, 2014 at 5:33 PM

It is already doomed to failure and the craven reprobates we send to DC won’t change anything. It’s over. I feel horrible for you who have kids.

Murphy9 on May 14, 2014 at 5:35 PM

Apparently you didn’t read my phrase which said, “We always saved.”

And you are incorrect about our numbers. While we are a powerful voting block we have never been the majority. We became eligible to vote between 1967 and 1985 after the give always were firmly in place! (We were born 1946-1964)

We are about 12 % of the population. But it feels like we’re taking about 75% of the blame.

I”m not sure we even deserve half! So back off Jack!

Unless you just need a scapegoat.

Nana on May 14, 2014 at 5:33 PM

Babyboomers consist of approximately 76 million members.
The voting age population in the United States of America is around 206 million. Making the baby boomer generation potentially 1/3 of the voters and since older Americans vote in larger numbers than younger Aermicans that number actually increases to more than 1.3 of the vote.

Face it, you had enough power to change the country for the better.

As for saving, if you did save then why are you complaining about people cutting you of medical care. You got the money, feel free to spend it!

astonerii on May 14, 2014 at 5:39 PM

Babyboomers consist of approximately 76 million members.
The voting age population in the United States of America is around 206 million. Making the baby boomer generation potentially 1/3 of the voters and since older Americans vote in larger numbers than younger Aermicans that number actually increases to more than 1.3 of the vote.

Face it, you had enough power to change the country for the better.

As for saving, if you did save then why are you complaining about people cutting you of medical care. You got the money, feel free to spend it!

astonerii on May 14, 2014 at 5:39 PM

And there you have it. Outnumbered two to one the Baby Boomers manage to have outvoted everyone in the US in the last 40 years! We have Super Voting Powers, each one of our votes cancels out two votes of regular people. Able to influence any election when outnumbered 2-1, it’s the Baby Boomers!

Hey Shipmate here’s a clue, get your own Generation out to vote. Oh sorry my bad, when you do vote you consistently vote in the Socialist candidate making it even worse.

Johnnyreb on May 14, 2014 at 5:49 PM

And there you have it. Outnumbered two to one the Baby Boomers manage to have outvoted everyone in the US in the last 40 years! We have Super Voting Powers, each one of our votes cancels out two votes of regular people. Able to influence any election when outnumbered 2-1, it’s the Baby Boomers!

Hey Shipmate here’s a clue, get your own Generation out to vote. Oh sorry my bad, when you do vote you consistently vote in the Socialist candidate making it even worse.

Johnnyreb on May 14, 2014 at 5:49 PM

Considering the fact that people like yourself blame the 18 to 30 crowd who barely vote at all for Obama, your logic seems flawed.

They certainly had enough political power to make changes that they liked. I note that they did make those changes and voted themselves the wealth of future generations while at the same time increasing the debt burden they are passing onto future generation at an ever increasing rate.

astonerii on May 14, 2014 at 5:52 PM

Considering the fact that people like yourself blame the 18 to 30 crowd who barely vote at all for Obama, your logic seems flawed.

They certainly had enough political power to make changes that they liked. I note that they did make those changes and voted themselves the wealth of future generations while at the same time increasing the debt burden they are passing onto future generation at an ever increasing rate.

astonerii on May 14, 2014 at 5:52 PM

Sorry , your attempt to alter History is wrong. Social Security and Medicare were the Law of the Land long before almost all Baby Boomers could even vote. And Medicare only got one year of votes from Baby boomers who I seriously doubt voted for it because it would take money out of their young paychecks.

As we see with Obamacare, once these were established law nothing short of the Second Coming was going to overturn them.

But, hey thanks for trying.

Johnnyreb on May 14, 2014 at 6:00 PM

Sorry , your attempt to alter History is wrong. Social Security and Medicare were the Law of the Land long before almost all Baby Boomers could even vote. And Medicare only got one year of votes from Baby boomers who I seriously doubt voted for it because it would take money out of their young paychecks.

As we see with Obamacare, once these were established law nothing short of the Second Coming was going to overturn them.

But, hey thanks for trying.

Johnnyreb on May 14, 2014 at 6:00 PM

OMG, really? Because they were law they could not have been altered or gotten rid of? Gasp. But of course not, you were promised untold millions of dollars from future generations. You were told that so and so paid in only a few hundred dollars and collected hundreds of thousands. Then when it came time to vote, when politician A said you could get that money too and politician b said we had to reform or get rid of them, by and large, everyone voted for the free money!
By the numbers, the Baby Boom generation was the one that could have gotten something accomplished. I think they did though. The successfully set the path of the nation towards bankruptcy with their profligate deficit spending.

astonerii on May 14, 2014 at 6:12 PM

Johnnyreb on May 14, 2014 at 6:00 PM

Reasoned, well conceived arguments. I like your style.

thatsafactjack on May 14, 2014 at 6:14 PM

Johnnyreb on May 14, 2014 at 6:00 PM

Should mention, Astonerii never shuts up, or learns a thing. That’s his style.

thatsafactjack on May 14, 2014 at 6:15 PM

Should mention, Astonerii never shuts up, or learns a thing. That’s his style.

thatsafactjack on May 14, 2014 at 6:15 PM

I accept new facts and learn. Feel free to present some.

astonerii on May 14, 2014 at 6:21 PM

By the numbers, the Baby Boom generation was the one that could have gotten something accomplished. I think they did though. The successfully set the path of the nation towards bankruptcy with their profligate deficit spending.

astonerii on May 14, 2014 at 6:12 PM

Seriously, in what kind of world to you live that you think 1/3 of the voting population can overturn a Federal Government Benefit? And not all of the Baby Boomers were Conservatives either. Remember the Hippies? Maybe you remember the anti-war movement, those guys? Yeah the ones who continually voted for Socialist Politicians and Policies, yeah those people. The ones who comprised about half of the Baby Boomer generation.

In your rather limited World view you see the Baby Boomers as some huge voting block controlled by Bush or maybe the Koch brothers all voting in lock step. In the real world only about half of the Baby Boomers are true Conservatives. Try and influence any election with only 1/2 of 1/3 of the vote. Math don’t work that way, sorry.

Johnnyreb on May 14, 2014 at 6:28 PM

Seriously, in what kind of world to you live that you think 1/3 of the voting population can overturn a Federal Government Benefit? And not all of the Baby Boomers were Conservatives either. Remember the Hippies? Maybe you remember the anti-war movement, those guys? Yeah the ones who continually voted for Socialist Politicians and Policies, yeah those people. The ones who comprised about half of the Baby Boomer generation.

In your rather limited World view you see the Baby Boomers as some huge voting block controlled by Bush or maybe the Koch brothers all voting in lock step. In the real world only about half of the Baby Boomers are true Conservatives. Try and influence any election with only 1/2 of 1/3 of the vote. Math don’t work that way, sorry.

Johnnyreb on May 14, 2014 at 6:28 PM

Fact, in 1996 they made up 44% of those who voted. More than 1/3 I should say.
Fact, politicians react to market signals.
Fact, if they would have pushed for the change they could have convinced others to vote for the change.
Fact, over all, looking at polls, they had no desire to change any thing except to make themselves better off.
Fact, only when their own future benefits looked to be questionable did they ever push for and actually get changes to the law to make sure they get theirs.
Fact, when offered an opportunity to allow younger generations to get a private savings account while not changing their own benefit they came out in large numbers to shut down the debate. They saw it as a threat to them getting their entitlements.
Fact, no person on social security has ever paid for their own benefits. None, ever, not a single one.

Of course, that is the whole point though isn’t it?

Make sure you vote for who gives you the benefits and then hide behind lies arguing that you were powerless to change it.

astonerii on May 14, 2014 at 6:44 PM

astonerii on May 14, 2014 at 6:21 PM

I’ll bet you were a hoot on your elementary school playground. Too bad you never left.

thatsafactjack on May 14, 2014 at 6:44 PM

astonerii on May 14, 2014 at 6:44 PM

That’s some tantrum. Finished? Feel all better now?

Poor thing. Poor, poor thing.

There, there.

Just so you get your benefits then, huh? Since you already stipulated the issue isn’t paying your taxes.

thatsafactjack on May 14, 2014 at 6:55 PM

That’s some tantrum. Finished? Feel all better now?

Poor thing. Poor, poor thing.

There, there.

Just so you get your benefits then, huh? Since you already stipulated the issue isn’t paying your taxes.

thatsafactjack on May 14, 2014 at 6:55 PM

I carry my own weight and the weight of others. You are the one that is all about getting something from someone else.

astonerii on May 14, 2014 at 7:02 PM

astonerii on May 14, 2014 at 6:44 PM

Here’s you problem. These are not ‘fact’ they are supposition and wishful thinking.

Fact, politicians react to market signals.
Fact, if they would have pushed for the change they could have convinced others to vote for the change.
Fact, over all, looking at polls, they had no desire to change any thing except to make themselves better off.
Fact, only when their own future benefits looked to be questionable did they ever push for and actually get changes to the law to make sure they get theirs.
Fact, when offered an opportunity to allow younger generations to get a private savings account while not changing their own benefit they came out in large numbers to shut down the debate. They saw it as a threat to them getting their entitlements.

Politicians do not react to market signals. They react to donor pressure and the demands of their constituents if they want to be re-elected.

Your claim about looking at the polls is simply your opinion.

Your claim regarding when ‘they’ looked at the future of ‘their’ own benefits is again… supposition and your opinion.

You claim regarding Bush offering younger generations a private savings account is false. It was never ‘offered’ to anyone. The political class dealt with that, not a national referendum.

All in all… you’re just making things up and calling it ‘fact’.

thatsafactjack on May 14, 2014 at 7:03 PM

Notice how “all other spending” shrinks as we go along

Now watch as we do the opposite and inflate “all other spending” at a rate larger than any of the other categories.

That’ll solve the problem, right?

Oh… well shoot, that’s my idea down the drain. Anyone got any other ideas that might actually get voted on as a bill and not blocked, filibustered, and vetoed into oblivion?

Yeah… which is why they’ll try my plan and make things worse. Hey, at least they’re doing something. Pouring gasoline on another fire; just as they’ve done for decades.

gekkobear on May 14, 2014 at 7:04 PM

astonerii on May 14, 2014 at 7:02 PM

Again, you’re making things up.

You have no idea how much money I make, how much I contribute in taxes, or my age. You just choose to suggest what you wish to be the case.

Your claims are ridiculous. I have no reason to believe the personal claims you make regarding your income or taxes, and you can’t prove them.

thatsafactjack on May 14, 2014 at 7:09 PM

Politicians do not react to market signals. They react to donor pressure and the demands of their constituents if they want to be re-elected.

Your claim about looking at the polls is simply your opinion.

Your claim regarding when ‘they’ looked at the future of ‘their’ own benefits is again… supposition and your opinion.

You claim regarding Bush offering younger generations a private savings account is false. It was never ‘offered’ to anyone. The political class dealt with that, not a national referendum.

All in all… you’re just making things up and calling it ‘fact’.

thatsafactjack on May 14, 2014 at 7:03 PM

You are pretty retarded, aren’t you?
Market demand in politics are donors and voters. Try and pay attention, you can learn something here.
Looking at the polls, Social Security and medicare are some of the most beloved programs by Americans and have been for a very long time!
Bush offered it, the people, AARP members, quite a few in the baby boom arena made it an unmarketable package. Again, back to market forces.
It soon became apparent that it would be a tough sell. Within weeks, observers noticed that the more the President talked about Social Security, the more support for his plan declined. According to the Gallup organization, public disapproval of President Bush’s handling of Social Security rose by 16 points from 48 to 64 percent–between his State of the Union address and June.
Again, facts, things you could learn from. But you will not, because you are a HACK that thinks he already knows everything, or wants people to imagine he does.

astonerii on May 14, 2014 at 7:09 PM

thatsafactjack on May 14, 2014 at 7:09 PM

Wow, you have to go this low to discredit me? I do not know who you are? Big deal. It does not hamper any of my claims a bit if you are a millionaire paying hundreds of thousands a year in taxes. I would guess closer to someone in the low to mid 40k a year range for income. But I have known dumber people who make lots of money.

astonerii on May 14, 2014 at 7:11 PM

astonerii on May 14, 2014 at 7:09 PM

Name calling. Standing right in the middle of that playground, aren’t you.

You can’t just make things up and say they’re ‘fact’. No matter how badly you want to ‘win’ an argument with a stranger on the internet.

thatsafactjack on May 14, 2014 at 7:13 PM

Name calling. Standing right in the middle of that playground, aren’t you.

You can’t just make things up and say they’re ‘fact’. No matter how badly you want to ‘win’ an argument with a stranger on the internet.

thatsafactjack on May 14, 2014 at 7:13 PM

Which ones are not facts. The ones you tried to claim were not I proved otherwise. Now show me the proof that they are not facts.

astonerii on May 14, 2014 at 7:16 PM

Wow, this sucks.

To afford food..I’ll have to be… a cannibal. MMMMMMM!

KirknBurker on May 14, 2014 at 7:16 PM

astonerii on May 14, 2014 at 7:11 PM

I didn’t discredit you, Astonerii. You did that all by yourself.

thatsafactjack on May 14, 2014 at 7:17 PM

I didn’t discredit you, Astonerii. You did that all by yourself.

thatsafactjack on May 14, 2014 at 7:17 PM

Aren’t you cute. You totally have this stealing of cartoon character lines and using them as if they are valid arguments down to a tee.

NOW show me what are not facts that I laid out. You claim they are not facts, it should be easy to prove by someone so awesomely awesome as yourself.

astonerii on May 14, 2014 at 7:20 PM

School ground… Who fits onto a school ground.

It’s a fact that you’re a shrieking jerk, Astonerii, and everyone on these threads is aware of it.

thatsafactjack on May 14, 2014 at 4:42 PM

Thanks for proving my point.

thatsafactjack on May 14, 2014 at 4:47 PM

I’m not the one whining and shrieking about paying my taxes. You are.

I’ve seen you on these threads for a couple of years. You don’t like anyone and you don’t want to pay your taxes. I get it.

I’m not worried that you aren’t polite or even that you’re a jerk. I’ve seen it all before.

thatsafactjack on May 14, 2014 at 4:59 PM

I’ll tell you what, since your congressmen ask you how they should vote on each and every piece of legislation, and never, ever break their campaign promises, I’m surprised this entitlement crisis hasn’t been resolved. Maybe you could just call them on the phone and tell them what you want done. I’m sure they’ll put their own career ambitions and ‘bipartisan’ deals aside and snap right to it for you.

thatsafactjack on May 14, 2014 at 5:13 PM

Should mention, Astonerii never shuts up, or learns a thing. That’s his style.

thatsafactjack on May 14, 2014 at 6:15 PM

I’ll bet you were a hoot on your elementary school playground. Too bad you never left.

thatsafactjack on May 14, 2014 at 6:44 PM

That’s some tantrum. Finished? Feel all better now?

Poor thing. Poor, poor thing.

There, there.

Just so you get your benefits then, huh? Since you already stipulated the issue isn’t paying your taxes.

thatsafactjack on May 14, 2014 at 6:55 PM

Name calling. Standing right in the middle of that playground, aren’t you.

You can’t just make things up and say they’re ‘fact’. No matter how badly you want to ‘win’ an argument with a stranger on the internet.

thatsafactjack on May 14, 2014 at 7:13 PM

I didn’t discredit you, Astonerii. You did that all by yourself.

thatsafactjack on May 14, 2014 at 7:17 PM

astonerii on May 14, 2014 at 7:25 PM

astonerii on May 14, 2014 at 7:25 PM

lol! Again, thanks for making my point.

thatsafactjack on May 14, 2014 at 7:27 PM

lol! Again, thanks for making my point.

thatsafactjack on May 14, 2014 at 7:27 PM

Still acting out like a 6 year old are you?

astonerii on May 14, 2014 at 7:28 PM

Fact, in 1996 they made up 44% of those who voted. More than 1/3 I should say.
Fact, politicians react to market signals.
Fact, if they would have pushed for the change they could have convinced others to vote for the change.
Fact, over all, looking at polls, they had no desire to change any thing except to make themselves better off.
Fact, only when their own future benefits looked to be questionable did they ever push for and actually get changes to the law to make sure they get theirs.
Fact, when offered an opportunity to allow younger generations to get a private savings account while not changing their own benefit they came out in large numbers to shut down the debate. They saw it as a threat to them getting their entitlements.
Fact, no person on social security has ever paid for their own benefits. None, ever, not a single one.

Of course, that is the whole point though isn’t it?

Make sure you vote for who gives you the benefits and then hide behind lies arguing that you were powerless to change it.

astonerii on May 14, 2014 at 6:44 PM

Fact, John “I served in Vietnam and got wounded 85 times” Kerry is a Baby Boomer, so is Hillary, so is Bill. There are over 30 million more like them, socialists to their cores and they are not going to change and vote against SS or Medicare. Isn’t gonna happen pal. 1/2 of 1/3 is still not enough to get rid of anything, sorry. But you can call and thank them for the Debt to future Generations.

Once again, thanks for playing though.

Johnnyreb on May 14, 2014 at 8:01 PM

Poor, poor unsuccessful Astonerii.

I was actually offended there for a minute. I was mentally putting together an entire list meant to give me political street cred, LOL I should waste my breath telling him that we Boomers have lived through some iconic times? But he has some odd notions and thinks all Boomer march and vote in lock step. I won’t even bother.

It is a rather interesting list though, if you don’t mind feeling older than dirt, which I don’t.

When I was a kid America was in a post-war boom. (I was only a tiny blip) I vaguely remember my Dad talking about Communists. They were bad. Senator Joe McCarthy spent years looking for them in Washington, Hollywood and Peoria…also HOMO-sexuals.

Desegregation, Sputnik, the Berlin Wall, Cuban missile crisis, JFK assassinated, Civil Rights Act, Vietnam. The year I turned 21 and waited to vote for the first time, Martin Luther King was killed on a balcony in Memphis. Two months later Bobby Kennedy was shot dead in the Ambassador Hotel in L. A. just 5 months before anyone could vote for him. Richard Nixon won. We put men on the moon and the Watergate Hotel put Nixon out of office.

Put that in your pipe and smoke it Astonerii. Ah, but I ought not care. I thought he was a serious poster.

He acts like just a troll though. *shrug*

Nana on May 14, 2014 at 8:07 PM

Fact, John “I served in Vietnam and got wounded 85 times” Kerry is a Baby Boomer, so is Hillary, so is Bill. There are over 30 million more like them, socialists to their cores and they are not going to change and vote against SS or Medicare. Isn’t gonna happen pal. 1/2 of 1/3 is still not enough to get rid of anything, sorry. But you can call and thank them for the Debt to future Generations.

Once again, thanks for playing though.

Johnnyreb on May 14, 2014 at 8:01 PM

To THEIR CORES!!! Yup!

Nana on May 14, 2014 at 8:18 PM

Once again, thanks for playing though.

Johnnyreb on May 14, 2014 at 8:01 PM

Well, it will not be long before they stop paying your built up debts and your pensions.

astonerii on May 14, 2014 at 9:22 PM

Easy Peasy.

Just mint a few of those trillion dollar platinum coins and everything will be solved. Duh!!

307wolverine on May 14, 2014 at 10:33 PM

When it comes time, its gonna hurt.

People who keep their head in the sand (liberals) will be hardest hit, and I as a decent human being, I will provide them sustenance for an agreed price in whatever currency is available then, or in labor.

Defenestratus on May 14, 2014 at 3:31 PM

When you’ve been invaded by a virus, you kill it.
III

Sgt Stryker on May 15, 2014 at 12:08 AM

Red Inks should be the new name of the DC pro football team.

Occams Stubble on May 14, 2014 at 3:31 PM

You don’t even need new letters, just shuffle them a bit and drop an ‘s’.

Freelancer on May 15, 2014 at 11:18 AM