Media

[Yssup Rider]

Maybe now you can go get yersef sum edjicashin, Miss Ellen.

Or maybe a new spellchecker.

[SpeedRacerXXX]

Originally Posted by Austin Ellen

Oh don't worry - have you checked out the stock market? Yes, I know - happy days are here again!

Trump took office yesterday about 3 1/2 hours before the closing of the markets. How much impact could he have made in that amount of time? For the most part, the economy handed from Obama to Trump is in good shape. Stock markets at their peak. Unemployment down. Certainly could be better but compared to what Bush gave Obama, Trump is sitting pretty.

I have just read the Republicans proposal for closing the deficit and it is not positive for Social Security and Medicare recipients. If you aren't already on Social Security, you may not be for a while longer. And Medicare will probably cost more and in some cases not be available at all. We shall see what happens in the next few months.

"Trump vowed during the campaign not to cut Medicare and Social Security, a pledge that Rep. Tom Price (R-Ga.), his pick to head the Department of Health and Human Services, told lawmakers in testimony Wednesday has not changed.

Yet it could be very difficult to reduce U.S. debt without tackling the entitlement programs. Conservative House budgets have repeatedly included reforms to Medicare and Social Security, arguing they are necessary to save the programs."

[pussycat]

Originally Posted by SpeedRacerXXX

Trump took office yesterday about 3 1/2 hours before the closing of the markets. How much impact could he have made in that amount of time? For the most part, the economy handed from Obama to Trump is in good shape. Stock markets at their peak. Unemployment down. Certainly could be better but compared to what Bush gave Obama, Trump is sitting pretty.

I have just read the Republicans proposal for closing the deficit and it is not positive for Social Security and Medicare recipients. If you aren't already on Social Security, you may not be for a while longer. And Medicare will probably cost more and in some cases not be available at all. We shall see what happens in the next few months.

"Trump vowed during the campaign not to cut Medicare and Social Security, a pledge that Rep. Tom Price (R-Ga.), his pick to head the Department of Health and Human Services, told lawmakers in testimony Wednesday has not changed.

Yet it could be very difficult to reduce U.S. debt without tackling the entitlement programs. Conservative House budgets have repeatedly included reforms to Medicare and Social Security, arguing they are necessary to save the programs."

Medicare and SS are bankrupting the country. No one will be hurt by limiting benefits to high income people and raising the retirement age. No one needs retirement income at 62 or even 65 years of age. Increasing the age to 67 and limiting benefits paid out to wealthy people who don't need them is necessary.

The Federal debt is now the same size as GDP and growing. Federal spending is 23 percent of GDP and they're only collecting 17 percent of GDP in taxes. 5 percent of GDP is debt at this time, and if taxes are increased it will decrease demand.

[SpeedRacerXXX]

Originally Posted by pussycat

Medicare and SS are bankrupting the country. No one will be hurt by limiting benefits to high income people and raising the retirement age. No one needs retirement income at 62 or even 65 years of age. Increasing the age to 67 and limiting benefits paid out to wealthy people who don't need them is necessary.

The Federal debt is now the same size as GDP and growing. Federal spending is 23 percent of GDP and they're only collecting 17 percent of GDP in taxes. 5 percent of GDP is debt at this time, and if taxes are increased it will decrease demand.

So what is YOUR definition of "high income people" and "wealthy people"? Social security should not be bankrupting the country. I, and my company, paid into the program for 45+ years and now I am simply withdrawing MY money. If the government screwed up by not investing my money wisely, that's too bad. Limiting payments should be illegal if it is not already. It is NOT the government's money. Let's be clear on that. There's a lot to be said about privatizing SS. I will agree that medicare needs help.

You have to help me out on your last paragraph. I have no idea what you are proposing.

[Austin Ellen]

Basically,if we don't get the federal debt under control - China will own us.

[SpeedRacerXXX]

Originally Posted by Austin Ellen

Basically,if we don't get the federal debt under control - China will own us.

Well, China is having economic problems of its own if you've been keeping up with the news.Their economic growth last year was the lowest in the last 25 years. But I digress.

Yes we have to get our federal debt under control but no, breaking the promise to millions of people regarding social security payments should not be the way to do it. Donald Trump and I paid approximately the same amount into social security while working, believe it or not. We both deserve to get OUR money back from the government, which was acting like a bank for us.

[Yssup Rider]

I wonder how much Twitler is collecting.

Should have a record of it in his tax return...

[Austin Ellen]

Well, yes, China is having economic problems..however, as of 2016 we were in debt to them to the tune of 1.115 trillion. Yes, I know it's hard to get your head around that number. Anyway, China has reduced their American holdings because they want the- yaun - which is their currency - to rise. You do know that long term - China wants to replace the dollar with the yaun as the global currency right?

Originally Posted by SpeedRacerXXX

Well, China is having economic problems of its own if you've been keeping up with the news.Their economic growth last year was the lowest in the last 25 years. But I digress.

Yes we have to get our federal debt under control but no, breaking the promise to millions of people regarding social security payments should not be the way to do it. Donald Trump and I paid approximately the same amount into social security while working, believe it or not. We both deserve to get OUR money back from the government, which was acting like a bank for us.

[Yssup Rider]

Originally Posted by Austin Ellen

Well, yes, China is having economic problems..however, as of 2016 we were in debt to them to the tune of 1.115 trillion. Yes, I know it's hard to get your head around that number. Anyway, China has reduced their American holdings because they want the- yaun - which is their currency - to rise. You do know that long term - China wants to replace the dollar with the yaun as the global currency right?

The YAUN?

Your rants are pretty boring, I'll give you that.

But I am not sure what kind of YAUN you're talking about?

OR IS THAT AN ALTERNATIVE SPELLING?

HAHAHAHAHAHAHAHA!

[SpeedRacerXXX]

Originally Posted by Austin Ellen

Well, yes, China is having economic problems..however, as of 2016 we were in debt to them to the tune of 1.115 trillion. Yes, I know it's hard to get your head around that number. Anyway, China has reduced their American holdings because they want the- yaun - which is their currency - to rise. You do know that long term - China wants to replace the dollar with the yaun as the global currency right?

You, too, are digressing from the real point which is, okay we're in debt, so how do we go about reducing that debt? All I'm saying, and Trump has promised me, is that social security should be off the table in my case. That is MY money, not the government's money. The income taxes I pay are the government's money. Medicare is a different subject than social security. I am getting back more than I am putting in for the most part. Now Trump has also promised me that he would not touch medicare but if I have to pay a little bit more for the same benefits, I won't complain -- much. lol.

[Austin Ellen]

You're right. I did digress. I don't know that happens sometimes. Lol


[QUOTE=SpeedRacerXXX;1059103637]You, too, are digressing from the real point which is, okay we're in debt, so how do we go about reducing that debt?

[Austin Ellen]

That figures. You sound like you are still in diapers. #whaaaa.

Originally Posted by Yssup Rider

The YAUN?

Your rants are pretty boring, I'll give you that.

But I am not sure what kind of YAUN you're talking about?

OR IS THAT AN ALTERNATIVE SPELLING?

HAHAHAHAHAHAHAHA!

[Yssup Rider]

Just remember, lassie. You jump someone for misspelling a wrod and yu someties get BOINED!

When you run out of comebacks, it means it's time to stop, Ellen.

BTW -- you can hear what I sound like?

LMAO!