The Motley Fool Discussion Boards
Retirement Discussions / Retire Early CampFIRE
|Subject: Re: Pay No Attention To The Meme Behind The Curt||Date: 12/5/2012 4:12 PM|
|Author: MadCapitalist||Number: 658445 of 744961|
The Government Accountability Office warned in a report Monday that if cuts are not made to mandatory spending — including Social Security and Medicare — there will be a fundamental gap between spending and revenue as more baby boomers retire.
“Significant actions to change the long-term fiscal path must be taken,” the GAO warned.
Warnings like this, along with ones from the Congressional Budget Office and the Federal Reserve Bank, are contradicted by liberals who deny the insolvency of entitlement programs.
I mean who're you gonna trust, some federal agency or some of the greatest thinkers of our time, Joe "Aw Shucks, 6-pack, lunch pail, blue collar" Biden, Harry "I'm from small-town Searchlight" Reid, and Dick "SS hasn't added one penny to the deficit" Durbin? Anyway, there's no time, we have to raise taxes on high earners now, there's no time for anything else, we'll discuss this after we give Obama everything he wants....and he gets back from Hawaii.
That's why we need a balanced approach of tax increases for the wealthy balanced by large spending increases.
|Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|