Comments | ontd_political: U.S. funding for future promises lags by $61.6 trillion

thewebheadnw in ontd_political

U.S. funding for future promises lags by $61.6 trillion

Jun 07, 2011 05:20

By Dennis Cauchon, USA Today ( Read more... )

Comments 7

erunamiryene June 8 2011, 02:36:24 UTC

This gap between spending commitments and revenue last year equals more than one-third of the nation's gross domestic product.

I'm sure CUTTING TAXES will totally fix this, guise.

OH WAIT.

bludstone June 8 2011, 02:43:06 UTC

MAN LOOK AT ALL THE COMMENTS HERE

everything is going to have to get cut and no one wants to admit it

erunamiryene June 8 2011, 02:43:49 UTC

I rather think you missed my point. We need MORE REVENUE. I say bring back the Eisenhower tax tables, myself.

bludstone June 8 2011, 02:44:49 UTC

lol that much money doesnt even exist

Thread 6

B-O-O-O-O-G-U-S! apostle_of_eris June 8 2011, 23:26:42 UTC

Lumping together unconnected areas; leaving out pay-as-you-go programs' ongoing future income; no sources.
The (federal) debt only tells us what the government owes to the public. It doesn't take into account what's owed to seniors, veterans and retired employees. Right. "seniors, veterans and retired employees" are not part of "the public".
Social Security's long-term shortfall? "Long"? 10 years? 50 years? to the end of time? How come every year the year Social Security will implode is a year further out?
In the past, President George W. Bush and other Republicans have proposed converting part of Social Security to personal retirement accounts, similar to 401(k)s. And you know who makes the money off those 401k's ( ... )