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Old 01-12-2015, 07:39 PM
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dbussone dbussone is offline
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Quote:
Originally Posted by Wandatime View Post
By just about all accounts, getting our debt under control requires reducing spending in three main areas: Medicare, medicaid, and social security.

In a June 2010 opinion piece in the Wall Street Journal, former chairman of the Federal Reserve, Alan Greenspan noted that "Only politically toxic cuts or rationing of medical care, a marked rise in the eligible age for health and retirement benefits, or significant inflation, can close the deficit."[75] If significant reforms are not undertaken, benefits under entitlement programs will exceed government income by over $40 trillion over the next 75 years.[74]

74. United States Congress, Government Accountability Office (December 17, 2007). FY 2007 Financial Report of the U.S. Government, p. 47, et al. U.S. Government Accountability Office (U.S. GAO). Retrieved February 3, 2011.

75. Greenspan, Alan (June 18, 2010). "U.S. Debt and the Greece analogy". Opinion Journal [online]. Retrieved February 3, 2011.

Any takers? Anyone willing to get their medicare or social security significantly reduced for the good of the country?
Perhaps if the thieves in Congress and the WH could leave trust funds alone, these would not be necessary. And while we are talking abut trust funds, whatever happened to the highway funds that are paid for by federal and state taxes on fuel.
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