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109 Trillion is US wealth: we CAN afford ss

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oscar111 Donating Member (1000+ posts) Send PM | Profile | Ignore Sun May-15-05 12:55 PM
Original message
109 Trillion is US wealth: we CAN afford ss
Edited on Sun May-15-05 01:53 PM by oscar111
Moonie fm Wash. Times on McLaughlin Report , just lied.

"we promised these high ss payments and now we see we cant afford them"

Wrong.

www.federalreserve.gov/releases/z1/current/accessible/l5.htm

see bottom line there.

Say we have 6O million on ss, and add ten K to each's income: That needs another 6OO Billion/yr., or O. 6 Trillion. Not even one Trillion.

Plus, each year we produce GDP eleven trillion. Plenty there too, to fatten up dem programs way past pre-Reagan levels.

Ending homelessness and hunger, only 16 billion ... a tiny part of just one Trillion, and we have wealth of 1O9 Trillion. The moonie lies.

Other dem programs:
free dr's... 1. 6 trillion even without cutting the excess profits out of insurance, et, as Kerry planned. Fits easily within our economy.

jobs for all.. WPA .. harnesses economic output of those now idle, so zero cost

Reaganomics is a flop: wages lower now than when it began.... adjusted for inflation. Toss reaganomics, return to Truman's healthy tax structure... we had prosperity then because dem programs kept the middle class calm and productive. Dr's even made housecalls then!

A nationalized healthcare, could require housecalls again. Would you like housecalls?

Truman's tax structure would remove ALL the reaganomics cuts to dem programs, all of them frm the last 25 gruesome years.

No more tv news, "The city budget requires cuts to pothole repair, school repairs, police and firefighters, city workers, library hours, Harlem city hospital, wild pit bull dog catchers, mosquito spraying ...". No more such total nonsense.

GDP and wealth increase, yet budget shrivels? Total gibbering lunatic nonsense from some asylum.

Put reaganomics folks in straitjackets and carry them off to Babbling Brook Asylum.
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AuntiBush Donating Member (1000+ posts) Send PM | Profile | Ignore Sun May-15-05 01:01 PM
Response to Original message
1. * does not want to REFORM SS; he wants to DISMANTLE it!
If * stopped taking the Social Security trust money of of the treasury, "and" stopped writing I.O.U.'s, everything would be "ok."

What part of this do the Repuks not understand? Someone should start a new program called "No Adult Left Behind."

:hi:
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whistle Donating Member (1000+ posts) Send PM | Profile | Ignore Sun May-15-05 01:12 PM
Response to Original message
2. Yep, just expand the contribution base to include the additional
...$900 billion in wages per year that are not now contributing to social security and the fund will be good until 2106. That's 100 years to work on find better solutions for education, world peace, the environment, space exploration, health and medicine, eliminating poverty and hunger, etc, etc, etc.
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fasttense Donating Member (1000+ posts) Send PM | Profile | Ignore Sun May-15-05 01:48 PM
Response to Original message
3. They have their facts wrong
They took our money saying they would give us SS payments and now they say they cant afford the payments. So give me back my SS money.
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