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|Subject: Re: An Idea for Secessionist Traitors/Babies||Date: 11/15/2012 1:28 PM|
|Author: jerryab||Number: 1837010 of 2048841|
Funny how there were no problems under Clinton
You know what else is funny? Why don't you look up when the baby boomers started retiring. That's when the two most unsustainable entitlement programs began to spin out of control.
PS Who ran congress under Clinton? I only ask because that's where the final budget resolutions come from.
Looks like you have a passion for ignoring what was told to that same conservative-controlled Congress under GWB--in Jan 2001. What they were told was very simple. Given the current conditions and projections, the US debt was expected be paid off by 2010. Plus, there was no expected problem with the retirement of the boomer generation and its impact on the Social Security system.
Just tell us what part of that you do not understand.
And, just to prove I do know of what I write, here it is:
"These most recent indications have added to the accumulating evidence that the apparent increases in the growth of output per hour are more than transitory."
"Reflecting the uncertainties of forecasting well into the future, neither the OMB nor the CBO projects productivity to continue to improve at the stepped-up pace of the past few years. Both expect productivity growth rates through the next decade to average roughly 2-1/4 to 2-1/2 percent per year--far above the average pace from the early 1970s to the mid-1990s, but still below that of the past five years."
"The most recent projections from the OMB indicate that, if current policies remain in place, the total unified surplus will reach $800 billion in fiscal year 2011, including an on-budget surplus of $500 billion. The CBO reportedly will be showing even larger surpluses. Moreover, the admittedly quite uncertain long-term budget exercises released by the CBO last October maintain an implicit on-budget surplus under baseline assumptions well past 2030 despite the budgetary pressures from the aging of the baby-boom generation, especially on the major health programs.
The most recent projec