The federal government has been having a growing deficit for at least the last 20 years from when we were a creditor nation to the time now when we are a debtor nation, ranked 23rd place internationally. Now, Standard & Poor's and Moody's say if we don't clean up our act, they're going to cut our bond rating. The Republican Party says we're not going to raise federal income tax. Rep. Paul Ryan even wants to lower federal income tax from 35 to 25 percent. On the other hand, President Obama's Federal Chairman Bernanke and Treasury Secretary Geithner said cuts have to be made to Social Security and Medicare. Republicans even want to privatize Social Security which Democrats oppose.
Obama says he's not going to raise taxes until after the 2012 election. If the federal government wouldn't keep borrowing from Social Security and Medicare, I don't believe they'd even have a problem because I don't believe they're going to pay them back. If they can't raise the federal income tax to a higher rate now, what makes you think they could do it later because our bond ratings keep slipping?
The last time the federal government blamed Social Security, Alan Greenspan was appointed by President Reagan to head the National Commission on Social Security Reform in 1981. According to the book "Griftopia" by Matt Taibbi, after raising the FICA tax and instead of keeping that money for Social Security payments, Presidents Reagan, Bush I, Clinton and Bush II spent it - all of it. I also read on the web that as of June 2009, the U.S. Treasury owed Medicare $342 billion and Social Security $2.3 trillion.
AARP sent Rep. Paul Ryan a letter and said they opposed his solution to the federal deficit. I believe if they would really go after the Republican Party, including Sen. Mitch McConnell, they would never get a candidate elected unless they changed their position on who is to blame. Don't blame greedy investment bankers or big insurance companies and Republicans are opposed to ending the oil subsidies to big oil.
I heard that we had 199 new billionaires added to the existing list. Both parties are going to have to figure out who is to blame and us voters will have to make the decision. Since I'm a member of AARP, I think the federal government should quit borrowing from Social Security and Medicare.
Obama says he's not going to raise taxes until after the 2012 election. If the federal government wouldn't keep borrowing from Social Security and Medicare, I don't believe they'd even have a problem because I don't believe they're going to pay them back. If they can't raise the federal income tax to a higher rate now, what makes you think they could do it later because our bond ratings keep slipping?
The last time the federal government blamed Social Security, Alan Greenspan was appointed by President Reagan to head the National Commission on Social Security Reform in 1981. According to the book "Griftopia" by Matt Taibbi, after raising the FICA tax and instead of keeping that money for Social Security payments, Presidents Reagan, Bush I, Clinton and Bush II spent it - all of it. I also read on the web that as of June 2009, the U.S. Treasury owed Medicare $342 billion and Social Security $2.3 trillion.
AARP sent Rep. Paul Ryan a letter and said they opposed his solution to the federal deficit. I believe if they would really go after the Republican Party, including Sen. Mitch McConnell, they would never get a candidate elected unless they changed their position on who is to blame. Don't blame greedy investment bankers or big insurance companies and Republicans are opposed to ending the oil subsidies to big oil.
I heard that we had 199 new billionaires added to the existing list. Both parties are going to have to figure out who is to blame and us voters will have to make the decision. Since I'm a member of AARP, I think the federal government should quit borrowing from Social Security and Medicare.
