Dabe His road map in the middle east conflict was a good plan and he got agreement from all the essential factions. He failed to make sure the plan was carried out and that all parties upheld their responsibilities.
There is still no answer to How do you pay for the proposed change. How do you pay the benefits to older workers who do not choose the individual account option. How much will the Social Security benefit be reduced if a workers selects the individual account. I calculated the end value under the bush plan to start at $1,000 in year 1 and increase the allowed investment by $100 each year with a net 8% compounded rate of return. At the end of 1
The point is that given the deficit, we simply can not afford the loss in federal revenue caused by the tax cuts to the wealthy. There is no series of cuts that would be acceptable to Americans that will bridge the difference between Federal revenue and Expenses. That means, even with cuts and closing corporate tax loop holes, there will need to be more tax revenue. The wealthy are the only source for the needed money. Even the Fed Chairman, a republican said last week that the deficits are unsu
dabe I take it you can not come up with ANY accomplishments that "HELPS US" ?
Your Link does add some light but does not answer two of the biggest questions. How to pay the Trillions in Transition costs and how much would the benefits be cut if you opt into the individual accounts. Finally, since the private accounts do not solve the basic issue of solvency, how is the lack of money to pay benefits to the workers that do not opt for this change to be provided? If we want to make sure that the benefits under the current
drmiler For a worker to get to 4% if they earn in the even the average income will take years. Their so called individual account, after the maintenance fees are subtracted will be very small! If he says 4% why is it not 4%? What about all the other questions? I did not see answers to them. Again, you always ignore the issue. Why has Bush not been up front with what he is proposing? It most likely will not look so good when
Draginol I am still looking. In the mean time look at www.bushtax.com/ also www.ctj.org/htm/gwb0602.htm There is some much data that shows who is getting what from the Bush tax cuts. Most of it goes to the top 5%.
I will try and locate that reference. How would you have a spending freeze and maintain the Army or for that matter anything else since inflation can not be stopped? There are things like $25-30 billion in pork that could be eliminated and restore the tax rates to the top two income breckets to pre 2001 levels. Close the corporate loop holes and I bet we would be a lot closer to a balanced budget. You are correct, the deficit is a lot more then $270
The Associated Press today reported that the Bush administration is sending a phalanx of people from the White House and the Treasury Dept. to sell his Social Security changes to the American public. There is a very basic problem with what President Bush is doing - what is the president asking us to consider? We are constantly told when questions are
It is not the 4% it is where are the trillions comming from to replace the 4%. Also if the market is down (like from 2000-2003) when you retire, the little guy can get killed. Also who pays to maintain tens of millions of those little account? Where does the money come from to pay the retirement benefits to those too old for the individual accounts. It would be nice to have answers to these questions from Professor Bush! When do we get the details? After we purchase the "used car"
The budget and taxes are passed by congress. If Bush and the conservatives make the tax cuts permanent, that can only change if both the house, senate and the president agree. Thus, if Bush gets his way and the conservatives hold to just the House or senate, the Bush policy and its impact continue. You also miss the point that CBO and others are telling the American public the Bush policies are not working! Why continue with policies that m
When the Fed cuts $1 in Federal Income taxes there must be growth of $4 in new taxable income to break even from the tax cut. That is not the result of the Bush tax cuts. The cuts to the middle income has helped grow the economy because they spend most or all of their tax cut. That is not true of the cuts to the top 5%. Thus, the tax cuts to the middle income did help but not those for the wealthy. CBO said, $270 Billion of the deficit last year wa
Bush takes from the poor (and middle class) and gives to the rich.
Bush has done many things. here are a few of them: Cut Taxes Granted Most favored nation trading to China Increased the demands on our military Helped pass the Prescription Drug Plan Started a war
Once they are in place, it takes both houses of congress and the new president to reverse a bad policy. Why follow policies that the CBO indicated will make things worse. Bush will not look at what he is doing and accept that his policies are not producing the desired resilts. Look at the trade deficit. He has been following a policy that failed during the Clinton Administration and did not work during his first term and he is proposing to further
Please list those things that Bush has done during the past FOUR years that have or will benefit the majority of Americans? Be specific.
The concept of private accounts is the common thread. That is the Bush idea and it did not work in England. By the way, how is Bush selling his Social Security plan without the details? Just listen to Saint George-- He knows best! Look what he has done with trade, jobs and the deficit. I will not get into Iraq.
It is you that does not get it. What Bush puts into place does not end when he leaves office. It is his policy to make the tax cuts permanent will impact the nation for a long time. The debt he has piled up will require us to pay the interest long after he returns to Texas.
Better take a look at England. They changed their Social Security system the way Bush is proposing 25 years ago. It has been a failure and the British are changing back to the system like we have now.
drmiler Again you do not understand the basics. The Bush plan to make the tax cuts permanent is the reason. The tax cuts for the 1st ten years were phased in so the loss in revenue was gradual. By making the tax cuts permanent, the full impact takes place every year after 2010 when all the cuts are in place. That is why CBO has indicated that we will go deeper into debt. You know more then CBO, OMB and everyone else. Face it pal, Bu
ParaTedsK My God. We agree 100%. How do we get the BLS to change their policies?
The AP reported that the nonpartisan Congressional Budget Office (CBO) released their study of the Bush plans for spending and taxes as the House and Senate budget committees begin work of on the budget. The report concludes deficits will continue under the Bush fiscal plan and will add $2.58 trillion to the national debt by 2015. That is significantly wor
It has nothinmg to do with backing anyone. The unemployment rate had demonstrated that it is inconsistant and why would we not seek a tool that more clearly shows what is going on with something as basic as JOBS? This has nothing to do weith Republicans or Democrats. you are paranoid!
The acid test of the elections that have taken place in the Muslim world, especially in Iraq, will be the type of government that develops from this process. If it is a government that discourages the type of international insurrection we have seen from Al Qaeda and other groups the result will be positive. If, on the other hand, the governments that result either condone or support international terrorist groups, we will find that our security has no
A spending cap given inflation amounts to a cut. The agencies that are funded by the Federal Budget are subject to inflation. Thus that is not a solution just another problem. How would you expect to have an military if you said, no pay increases until 2008? How would you pay for all the goods and services the military uses when the cost increase every year with inflation. Every giovernment agency hase the same propbem. Then add those things that mu
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